any comments, thoughts, on this stock.

i have special status to achieve employment .... it's called running your own biz, but then no one else in the right mind would employ me .......as for women on top; well i have no great objection to that either!

hangon- you have well thought out views. The polititions made the position worse and would have been better leaving the BOE to sort out the situation. Of course polititions have to meddle and give 100% backing, their political futures are at stake.

in this instance especially, BoE and the politicians HAD to work together ..... whether or not the correct decisions have been made and/or whether or not there should have been action sooner will only show in time, perhaps 1/2/3 years hence

it will be very interesting to see whether King is reappointed as Governor after his current tenure expires next year. I dont think he would of liked to provide the 100% backing. It may give him less room for manoeuvre in future if further problems evolve. Who knows it could well result in him to walking away at some stage.

Had notification this afternoon that Kensington are all but pulling out of the ub prime market. For the time being.
They are only really lending on prime terms.
The sub prime stuff is still available but at very restricted loan to value and with artificially high rates that make them about as unattractive as it is possible to be.
Closing the doors on its main market in all but name.
Not saying how long for, but I suspect it will be until the LIBOR markets normalise and the sub prime crisis blows over.
Alan

Do we (here) think NRK is a good buy at these levels? - that has to be our focus - up 8.5% today, so it's just over the 3-level, I noticed many "late-trades" after the market closed and most were Sells, but I guess that was bound to spoil an exceptionally good day.

There is no reason why other companies (such as Kensington) can't move their rules and take on the better risks, by raising their rates it will happen anyway.

I agree hewittalan6, it may take a few years for all this to blow over. The sad fact is that Northern Rock never was the guilty party and still I see the Media using figures of "Loans to deposits" - as though this meant something....if the Public is worried, perhaps they should be worrying where their deposits are bening used where the ratio is closer to 1:1 - these are the loans that may not make it back in time, IMHO.

Hangon you really dont get it. NRK is a "sick one trick pony" about to be put down.If they cant borrow in the money markets they are out of business and even if the goverment can legally guarantee their depositors then penal interest rates would mean losses on their book. Darling has not stated how long he is prepared to guarantee retail deposits. Somebody has to put them out of their misery.

8 out of 10 phone calls to NRK today were people trying to put their money back and reclaim lost interest - you could not make it up.

the stupidity of the Sun newspaper brigade astonishes me

hewittalan6 - re post 140

I'm afraid you are completely wrong and talking rubbish.

I live in Scotland and have put offers in without a survey or a mortgage in place. You simply put in the proviso that the offer is "subject to survey". Surveys are however useful in order to gauge what your bid might be. ;-)))

I would far rather work under the Scottish system. If you understand the market you can position yourself perfectly to acquire the property you are shooting for and it does not magnify any price boom.

peeps will deposit with NRK because they are offering, i think, something like 6.9% and of course it is underwritten ..... they're not dumb at all

NEW accounts not covered and whether putting your money back is called an established account i do not know

500p here wecome

i think BoE would be hard pressed not to makew good to anyone who makes a deposit even today, should worst came to the worst - which now sounds unlikely anyway

ok 600p by xmas :-)

you need to join lex1000 on the pet thread :-)))

lol I aint that nuts

Just trying to balance the threads negative views with a more optimistic one.

Resistance at 650p :-)

given me a laugh anyway :-))

Theres too much doom and gloom , the government has made it clear it has no intention of letting it go under and there is no reason why the current management can't sell out to a bigger bank with access to lower rate funds who could run their book at a profit.

DYOR , shares can go up as well as down.

Fill yer boots.

damn fool if you do! ..... investors may be protected but the shareholders, quite rightly, are not ...... how much is NRK worth? ..... prob <300 is my guess, and it is no more than that

Fed has cut by 50 points