any comments, thoughts, on this stock.

The shareholders will be the depositors when it reverts to being a building society.

will they? ...... and even if so, at what price per share (effectively)?

ZERO!

quite possibly, which is why i am happy to be short

205p now...looking quite dormant for the past couple of days...probably hibernating for the winter.

admittedly from a biased position, i am truly amazed that sp remains as firm as it does, especially since today's revelation that NRK had to borrow yet a further 3bn from BoE ....... bet you couldn't borrow 3k that easily from your own bank!

Obviously the market still beleives there's value here or it wouldn't be holding up.

The market is rarely wrong my friends. ;-))

that is the only worry, though BFC stood firm for a long time at around 12/14 before the plug was finally pulled ...... anyway, shall continue to run short protected with guaranteed stops

BFC was a slightly different prospect to NRK, cynic.

You are right to place guaranteed stops, however.

I was led to believe the Market was never wrong. Can a seroius comparison between NRK and BFC be made? Is it true that the more money you have in something the less likely you are to accept the loss despite bad news and does this thinking happen to the really big investors? Would NRK borrow these sums of money today anyway from other banks which we wouldent get to hear about?

Resignation of Chairman Ridley saves him further embarassment, perhaps we will hear something about NRK's future next week.

Both companies ran out of cash, albeit for very different reasons and on very different scales. Whether NRKs net assets prove more attractive to potential bidders than in the case of BFC is yet to be determined.

only point i was making was that while BFC was at 12/14 Barclays (investment arm?) was buying like crazy ...... Barclays was also BFC's bank, so you would have thought there would have to have been some sort of x-pollenation.

anyway, market seems slowly to be agreeing about NRK, or at least sp is slowly slipping south

Guys - BFC was a two-bit nothing AIM-listed stock with its head in cloud cuckoo land. NRK ain't. To compare the two is way off beam IMO.

only compared for the reason above - i.e. the markets dont's ALWAYS get it right, and certainly not the fund managers!

You have a point Big Al (and I generally rank you alongside AlanH as one demonstrating lots of common sense) but NRK management was also in cloud cuckoo land if it thought you could borrow short to lend long indefinitely. I posted elsewhere months ago about the huge numbers in bank balance sheets for derivative contracts and other exotic sounding assets and liabilities, so personally do not think we have heard the last of the credit crunch problems. This will IMO not encourage potential buyers of NRK to be generous.

Big Al - common sense - in the same sentence :-)

partridge - I agree entirely re the credit crunch. NRK are probably no different than the dumb folk in this country who have borrowed 4 or 5+ times their earnings to buy a property.

I'm not sure how much in cloud cuckoo land they were in comparison to all the other banks, however. They may have been the worst exposed so far, but I'm not sure the other banks now know how much liability they themselves have.

I guess my point is that NRK is not alone and the powers that be will not let the enitre banking system collapse. Indeed, they will not necessarily let NRK go to the wall simply to make an example of them. As we've seen this last month or so, the knock-on effect to confidence would probably be massive. It won't happen IMO.

Anyone who thinks NRK is worth nil , like BFC, is simply pissing in the wind IMO.

skinny - yep, not often that happens.

However, it has been known. ;-))))))))

Partridge, you little tinker.
You owe Big Al an apology, methinks.
Big Al. I can recommend an extremely good lawyer for that slur on your character.

;-)
Alan