any comments, thoughts, on this stock.

Vote for James Whale

Lets not get started on politics....

it amuses me greatly to hear RAB squawking that it is unfair to the shareholders - aka them! - if they do their bollox! ...... oh dear, oh dear, oh dear! ...... so this bunch of so-called professionals looks likely to have chucked 80m down the drain ...... i cannot believe the incompetence of these guys; similar happened with Barclays and BFC just before that went into receivership ..... the rest of the world knew it was going to happen, but they knew better - didn't they just!

The difference is Barclays ended up owning BFC (for what its worth) and RAB will end up with 80m of wallpaper.

Off topic again, when are they going to award Tony Blair the best actor of the last 10 years, for his role in the film ' Britain, a country betrayed '

and i bet Barclays did too!

I think that NRK will be having a Kamikaze next week. Be warned. SELL out before it's too late.

I dont think so if they get down to around th 50p mark someone will buy them in the hope that thye will be given a life line, migh be a few pound to be made for the brave and i just migh jump back in with them agin for a very short time.

Certainly must be serious as it's even reported in Tehran Times now:

http://www.tehrantimes.com/index_View.asp?code=157808

"A Guardian investigation showing that more than 70% of the beleaguered firm's mortgages were owned by a Jersey-based offshore company further dented confidence in the bank's ability to attract a bidder prepared to pay the current value."

Mojo - you might make enough to take some typing lessons. You never know.

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.