any comments, thoughts, on this stock.

Haven't seen the Sunday Times but I feel a Rumsfeld moment coming on....

There are banks in positions we know, and banks in positions we think we know, but there could also be banks in positions we don't know, and banks in positions we think we know but in fact we don't know...... The balance of probabilities are, that due to creative accounting, what we thought we knew we didn't really know at all......... I know that'll make sense to at least one person on the planet.....

Strawbs. :-)

Surely NRK's shares will be or should be suspended during the current uncertainty.

Suspension would not help...it will make the public lose even more confidence. Online banking was halted on Friday. Suspension will only temporary delay the drop.

Suspension would give NRK and the authorities time to sort out this mess and might allow shareholders to salvage something from the wreckage. Depositors (including those who are not SUN readers ) will not regain confidence as long as there are long lines of customers outside NRK branches trying to withdraw their life savings.

The mess has already been done. The only way out would be a total flush out of the CEO Adam Applegarth and its board of directors. They should all resign.

hlyeo98 I go along with that view, and I still think that sh1T will stick even if there is only a little thrown.

Northern Rock was the 5th biggest bank, and where are they now?

Find out next week.

No I think there may be trouble ahead for similar companies even if they don't deserve it.

Is it a good idea for the captain and his officers to walk the plank at this stage as they and only they know the true financial state of NRK? Better to suspend the shares temporarily as then depositors wont be reading headlines in the media on Tuesday that NRK shares crash again.

I read at the FT, the shares will not be suspended becuase they are not subject of rumour or gossip, it's the facts and they will find their true level.

No prediction here, but I do recall a rebranding of Marconi at a penny a share and Barrings which was sold for a quid.

Dare say there are more, and it may not happen here, but lets face it, why should any rescue attempt pay anything more than a bargain price to cover the problem.

Enough from me today I will se what tomorrow brings.

I will be thinking of holders who may think they are locked in, it will be a difficult week I think.

I believe any quoted company can request suspension of its shares and the LSE is required to maintain an orderly market in FTSE stocks.

Bank of England lender of last resort.....will any bank ever use that in the way that NRK did...I think not...

they will find other ways of dressing up bridging finance....

Okay halifax, we will see what transpires.

Good night all.

so much for my thought yesterday that AL were already oversold .... down about 110 this morning ...... meanwhile NRK has been hammered by a further 140

As I said there will be slurs on their peers.

AL and BB. taking a beating.

This will will continue.

short postions only on these just now, (says he stating the obvious).

not the time to do it though i suspect ..... just as easy for sp in AL or BB or NRK to shoot upwards too, even if only becuase of profit-taking .... AL hit because of several broker downgrades

Yep I suspect the shorters are closing positions on all 3 just now hence the slight up trend.

the next event will be when people hear NRK have dropped up to 30% again today and rush off to empty their accounts, that will then have another effect on the sp and so on till it disappears up it's own......

Made a few quid going long on nrk and bb with tight stop losses

shame you didn't take the plunge with AL then as if you were a real smart (and very brave!) cookie, you could have made 70p from the bottom

Citywire comment today:

http://www.citywire.co.uk/News/NewsArticle.aspx?VersionID=96462

When I say a few quid I mean about enough for a curry and a few pints both hit stop losses very soon

The Sunday Times reports that one take-over bid for Northern Rock has already been blocked. Detailed talks between Northern Rock and Lloyds TSB took place but a prospective bid by Lloyds was blocked by the Bank of England and the Financial Services Authority, for fear it would unsettle financial markets.

Thought the last line quite amusing.