any comments, thoughts, on this stock.

Interesting read on NRK

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/09/21/cnnrock121.xml

nice find bluelady, thx.

yes thanks for that bluelady. Thanks also to derwent who highlighted RAB buying yesterday (post 203)

NRK goes ex-divi on the 26th sept. 14.2p on a share currently worth 181p!!!
I suspect that the final divi in 6 months time might not be so good.

I agree about Brand reputation but it is one very important thing which was also the reason of troubles, this bank is lending money to customers more than running and gaining from investments and current accounts. And if someone is looking for bank to borrow some money the most important think is if this someone will get money and how much will be interest, brand is less important. And you see prices today, just because some announcements is already 10% up.

i suspect there will an announcement that the divi has been withdrawn

If divi is cancelled that would severely effect the sp and undermine any remaining confidence.

I doubt it, I think most people buying at present would not expect a final dividend. Infact, it will help the Company conserve cash assuming it survives in its present form. I remember BT passing a dividend when things were not so rosy.

I AM VERY THICK!
How can paying a divi conserve cash?

I think Guscavaleir means if they dont have to pay a divi, as the people paying at present dont expect ony anyway.

I believe that this divi (interim) will be paid, though the final divi is unlikely.
I remember seeing an article to this effect. If I find it, I will post here.

Last week they confirmed the interim would be paid. I've seen nothing to say they've changed their minds.

So the divi represents about 7% of the share price, which is exceptional.
However, once it goes ex-divi, presumably people will pile out & the sp will slide again. The choice is income over a capital gain.

Pretty much sums it up, Harry

sorry cynic, I just got back, degzy1 understands, stick with him.

never apologise, especially to me - lol! .... i am def in here only for the day as goodness knows what the w/e press will have to say, be it good or bad

I've bought a few more this afternoon. ;-0

i dithered this morning so bought at 195 when could have got in well below that ...... only a fairly modest stake, and just a rather silly gamble

Indeed it is high risk, cynic. ;-0

The press is largely to blame for the collapse IMHO - looking at the accounts last year, did anyone notice an enormous hole? Of course not, because there isn't one -
+ The issue of savers queueing was largely Government posturing.

Now, the issue is what is a fair-value and can the Brand continue?

Perhaps we should ask the questions the other way round . . .
1) it will continue, since it will be able to find funds at higher rates - there is always a loan available at the right price.....so does this mean NRK is non-profitable? I dount this as the Bank rates appear to be reducing, firstly in USA and probably here, too. Furthermore, new property is still available at slight discounts so making the Mortgage more-affordable.

It will be interesting to see how this goes...but my money is on the Weekend papers bashing NRK....not for any good reason ( like they have been saying so for the past year!)...but simply becaause Press Freedon allows them to.

I don't think this is in the Public Interest as it undermines the saving, home-ownership etics of Society as a whole. Was it so wrong to fund home-ownership with funds from the cheapest source - of course not.....in retrospect they should have made them much more "variable" so large changes in the wholesale money-markets would protect the scheme.....and maybe that was where the Execs were at fault (if indeed this is the case, I do not know the fine-print)...

If wholesale money-markets rose again....would the government allow NRK to fail? I suspect the answer is yes, since they can see a clear distinction between an average Joe that invests 5k in a savings account and a Jack that buys 5k's worth. . . . personally I see no difference, both expect to receive dividends and one is trying to remove the long-term effects of inflation. No-one invests in Banks for a quick buck.

2) Now, what's NRK worth? - I find it difficult to suggest much more than 2 current sp. . . yet only recently (before the queues), it was nearly 8 - so maybe the 6 is all hype (or hope?)...or was it real...these questions are almost impossible to answer....just shows how Government Bungling can put paid to investments.

Ah well, time for the medicine, nurse. Two I think.