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Northern Rock (NRK)     

irlee57 - 13 Aug 2007 09:03

any comments, thoughts, on this stock.

skinny - 15 Jan 2008 16:16 - 966 of 1029

cynic - you can short them on CMC spreadbet.

cynic - 15 Jan 2008 16:19 - 967 of 1029

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

skinny - 15 Jan 2008 16:23 - 968 of 1029

cynic - yes it does :-)

maestro - 15 Jan 2008 21:42 - 969 of 1029

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

halifax - 18 Jan 2008 16:01 - 970 of 1029

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

hangon - 21 Jan 2008 22:52 - 971 of 1029

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 . . . . .

halifax - 17 Feb 2008 17:27 - 972 of 1029

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

kito690 - 17 Feb 2008 18:51 - 973 of 1029

Help what happens now i hold 14000 shares

Exotoxin - 17 Feb 2008 19:23 - 974 of 1029

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

kito690 - 17 Feb 2008 19:25 - 975 of 1029

Thanks for the good news my friend

Exotoxin - 17 Feb 2008 19:33 - 976 of 1029

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.

mitzy - 17 Feb 2008 19:41 - 977 of 1029

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

kito690 - 17 Feb 2008 19:43 - 978 of 1029

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 !!!!

leesimmonds - 17 Feb 2008 19:44 - 979 of 1029

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.

halifax - 17 Feb 2008 19:46 - 980 of 1029

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.

Exotoxin - 17 Feb 2008 19:50 - 981 of 1029

Let's have a poll on the matter:

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

driver - 17 Feb 2008 22:42 - 982 of 1029

1p to 9p if your lucky.

hlyeo98 - 18 Feb 2008 07:52 - 983 of 1029

Does nationalisation of NRK means shareholders have lost all their money?...it has been suspended today.

cynic - 18 Feb 2008 08:03 - 984 of 1029

hedgefunds who kept buying will have done their bollox ..... ordinary shareholders may get a nominal amount, but would not bet on it and probably not for many many months

blackdown - 18 Feb 2008 08:12 - 985 of 1029

Totally agree. Shareholder's compensation is a v low priority.
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