any comments, thoughts, on this stock.

thye will be less than 50p tommorow..

I think it will fall between 20-40p.

it will be interesting to see if NRK can be shorted ..... very much doubt it, but shall prob try

interesting point of view on NRK from north of the border:-

"It has been a prime takeover target for a decade, without a single bid being launched. If no one wanted to buy it when it purported to be a dynamic and growing business, why would anyone risk good money on the car wreck it has become? "

http://business.scotsman.com/index.cfm?id=1848732007

alright blackdown dont you know no one likes a smart arse

>no one likes a smart arse

or a NRK Director.....

yes it might have been a bit expensive up untill the last few months and that makes it a good time for someone to sit back and wait for it to hit the very bottom and you watch someone will jump in and get it for peanuts

Virgin will launch a deeply discounted share placing that would value Northern Rock shares at between 20 pence and 40 pence each if its offer is accepted, the Sunday Times newspaper said. The shares closed at 85.9p on Friday.

Funny prices. Never seen a bid like this. See http://uk.biz.yahoo.com/25112007/325/northern-rock-name-preferred-bidder.html

What are going to be the Min and Max possible prices?

Northern Rock confirms ramping up of Virgin consortium takeover talks UPDATE




(adds further detail on bid, share price)
LONDON (Thomson Financial) - Northern Rock PLC, the troubled UK mortgage
lender, on Monday said it wanted to "take forward discussions on an accelerated
basis" regarding the takeover proposal from the Virgin Consortium.
The consortium, which comprises of Virgin Group, US buyout firm WL Ross &
Co, UK hedge fund Tosca Fund Asset Management and First Eastern Investment
Group, would inject 1.3 bln stg into the business, as well merge the group into
the Virgin money brand. The implied value of the group, which would be rebranded
Virgin Money, is 250 mln stg, Northern Rock said.
Virgin will provide half of the amount in cash and half will be raised
through an offer to existing holders of new ordinary shares in Northern Rock on
a pro rata basis at a price of 25 pence per share.
The group will maintain its stock market listing and there will be no
break-up of the business, the lender added.
It said that Virgin's indicative proposal includes an 11 bln stg repayment
to the Bank of England, and added that the BoE will have a "clear path to
repayment in full."
The consortium are also proposing that all interest from Northern Rock's
financing sources - including that under the BoE, will be paid in cash rather
than rolled up for payment in due course, the group said.
If the deal goes ahead, Virgin will hold no more than 55 pct of the business
and put "additional substantial funding facilities...in place to ensure
appropriate financial flexibility for the company going forward."
"This is very good news for Northern Rock," said Bryan Sanderson, Northern
Rock's chairman. "I am pleased that a solution that firmly restores the
company's prospects has been identified. Furthermore our retail depositors can
be fully reassured that the Government has said it will ensure savers' money is
safe whatever the outcome."
At 8.15 am Northern Rock share price plunged 18 pct, or 15 pence, at 71p.

NRK sp has shot up to about 95 ..... quite extraordinary, unless some bidder has galloped up the rails to dislodge Virgin

dont understand that - I thought Virgins bid would value the shares at about 20p - if that??

Must be a feeling that either a white knight is charging up the rails or that the rights issue at 25p is a dramatically reduced ahre price to ensure full take up, therefore making the net cost of your future holding much more attractive.

Yep. Assuming you must be a shareholder to take advantage of the 25p rights issue, and it's difficult to short the shares anyway, maybe people are buying so they can take advantage of the offer and that's mopping up excess liquidity.

In my opinion...

Strawbs.

why would you buy now when you can buy right issue stock assuredly cheaper than this morning's price when it comes on the market?

it can only be a huge bear squeeze as shorters scramble for stock, excacerbated as non-guaranteed stops are hit

and there was me a couple of days back marginally whining that i had taken my profits too early!

You were smart to sell cynic. I am still there though, any advice?

STOCKWATCH Northern Rock up 40 pct as investors try to gauge Virgin news




LONDON (Thomson Financial) - Stricken mortgage lender Northern Rock was up
nearly 39 pct as traders short-covered the stock while investors assessed news
that the group has confirmed that it is to take forward takeover discussions
with the Virgin Consortium.
At 9.23 am, Northern Rock shares were up 32 pence, or nearly 39 pct, at 119.
The consortium, which comprises Virgin Group, US buyout firm WL Ross & Co,
UK hedge fund Tosca Fund Asset Management and First Eastern Investment Group,
would inject 1.3 bln stg into the business, as well merge the group into the
Virgin money brand. The implied value of the group, which would be rebranded
Virgin Money, is 250 mln stg, Northern Rock said.
"Virgin Money isn't worth 250 mln stg," said an analyst at a UK broker. "It
only made around 10 mln stg in pretax profits last year."
Virgin will provide half of the amount in cash and half will be raised
through a new share offer to existing shareholders priced at 25 pence per share.
Virgin's indicative proposal includes an 11 bln stg repayment to the Bank of
England, and Northern Rock added that the BoE will have a "clear path to
repayment in full".
Sandy Chen, an analyst at Panmure Gordon, wrote in a note to shareholders
that going forward with the Virgin talks was "good for Virgin" but "dilutive for
shareholders". Panmure cut its target price for the group to 40 pence and
maintained its 'sell' recommendation.
"We have also not changed our views that even though a substantial
portion of the BOE funding may be repaid, the continuing high costs of debt
funding will severely impact margins," Chen said.
He added that a sharp slowdown in lending will "hurt top-line growth" and
said that his earliest expectations of profits would be in 2009.

hyleo .... are you long or short? ...... if long, then no question but sell ..... if short, then you must be hurting badly but guess no option than to stay that way, if you can bear the pain .... my logic is that once the rights issued is formalised, the sp must surely drop (mustn't it?) and for myself, am tempted to re-short at the current level.

So short is the message, cynic.

if any action at all