any comments, thoughts, on this stock.

coeliac1 - have a look here - https://www.moneyam.com/help/?page=level2 and look for this text The auction process occurs regular at opening and closing of the markets and sometimes intraday auctions are called if a stock moves 5% or more in one trade.

Northern Rock shareholders reject most of rebel investors' proposals




LONDON (Thomson Financial) - Northern Rock said its shareholders rejected
all but one of four proposals aimed at forcing it to consult investors over
asset disposals and share issues at an extraordinary general meeting today.
In a statement, the stricken mortgage lender said the single proposal that
won shareholder approval -- which obliges the group to consult investors before
issuing new shares worth more than 5 mln stg -- "will not prove to be an
additional material restriction" on its efforts to overcome its financial
crisis.
The proposals had been put forward by dissident investors RAB Capital and
SRM Global, who own 18 pct of Northern Rock, in an effort to prevent the bank's
management from selling the company or its assets too cheaply.
"Shareholders should be assured that the board of the company will continue
to work towards securing the best possible outcome for shareholders and other
stakeholders," Northern Rock chairman Bryan Sanderson said in a statement.
Northern Rock shares were down 16 pct at 68 pence by 3.32 pm.

and you won't be able to short them either!
reckon there will be several heads rolling at RAB and SRM .... serves them right

cynic - you can short them on CMC spreadbet.

quite surprised .... wonder if it would allow it if you actually tried to ..... i would have thought that, as for CFDs or any other shorting, there had to be a willing lender of stock

cynic - yes it does :-)

short it to 5p...u know it makes sense..screw RAB as well

NRK's latest director appointment ex Merrill Lynch plenty of experience there then!

does Marconi still have a ghost there also?

Today's fudged support "Gov Bond" lifts shares 46% - Wow!
Quite a contrast against FTSE falling 5% under worries with US recession spectre.

Maybe this is not time to short this stock . . . with some life in the Old ex- Mutual, - - - - or Not . . . . .

Nationalisation announced, is this the end of the road for NRK or will this "phoenix" rise from the ashes?

Help what happens now i hold 14000 shares

You get compensation for your shares, but it might be 1p each.

Thanks for the good news my friend

Investors would be offered compensation for their shares set by a Government-appointed arbitration panel which decides on a fair price. But shareholders, including two hedge funds, could launch legal action if they are unhappy with the amount offered. Shares in the company are trading at less than 100p although the two hedge funds have reportedly written to the Treasury calling for 400p a share in compensation.

A legal fight ahead for compensation might take 2/3 years it did with Railtrack.

So if like i have bought in at @ 1.45 each does that mean i would be in profit or is that me living in a dream land , like when i bought them thinking they would at least double . Lesson well and truly learnt me thinks !!!!

what would be an avarage estimate of commpesation that could be offered, is it likely to be less than the current share price or is it likely to be more that 2 or just in between.

Cant see how the hedge funds can claim compensation when they bought shares in a bank which was known to be in financial difficulties, thats just speculation not investing.

Let's have a poll on the matter:

4+
3-4
2-3
1-2
50p-1
25-50p
10-25p
1-9p
<1p

1p to 9p if your lucky.