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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Northern Rock | LSE:NRK | London | Ordinary Share | GB0001452795 | ORD 25P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 90.00 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 90.00 | GBX |
Northern Rock (NRK) Share Charts1 Year Northern Rock Chart |
|
1 Month Northern Rock Chart |
Intraday Northern Rock Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 26/2/2021 | 14:29 | NORTHERN ROCK | 14,138 |
| 02/3/2020 | 09:15 | NRK Idiot Free Zone | 4 |
| 15/5/2017 | 12:37 | HEDGEFUNDS FACING CRIMINAL CHARGES OVER NAKED SHORTING...LATEST | 15 |
| 11/2/2010 | 17:35 | SWEET FA, FSA and PRUDENCE OF NO 10, all producing NOTHING | 150 |
| 04/11/2009 | 18:23 | Basis for Compensation | 1,419 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 26/2/2021 14:29 by knowing Just saw this and bought back some memories |
Posted at 02/4/2012 13:31 by miata Answer:The historical share price about 2 years before the government took over was £11.50 on Friday 17/02/06. The original issue value was £4.51908 and the takeover was on 22/03/08. |
Posted at 02/3/2012 10:12 by aliveli For research I am trying to obtain the historical share price (about 2 years before the government took over). I looked at yahoo/google and could not find it. Do you know of any source that I coudl use to obtain this information. |
Posted at 25/11/2011 08:43 by zeuseq excellent price. |
Posted at 05/8/2010 23:07 by the_owl Had labour treated NRK shareholders same as Lloyds/Rbs, late shareholders would be breaking even (as Lloyds/Rbs) with further growth potential, and even takeover possible (ala Bingley, Alliance & Leicester etc) .Lets hope the new government see their way to recognising this, and consider returning at least a portion of investors monies as part of any IPO prospectus. As effectively the key shareholder, they can influence this. They could float at x pence, and issue free shares at x - y% (say) to former investors. I think most people would be happy with that. At a stroke, it would make reasonable amends for the mess labour made of NRK, recognise the risk inherent in normal share investments, restrospectively realign the Rock with Lloyds, RBS, have fantastic political PR for the new government, and save a fortune on the legal suits/fees. e.g value new Rock at £10bn, issue 5bn £1 shares for normal take-up, and 10bn 50p shares. Give the 50p shares to prior shareholders proportionate to their former holding. The IPO would therefore result in former value being returned to investors as they own £1 shares for 50p. Well FWIW, that's my solution to the debacle (although I was not/am not a Rock shareholder). Vince/Chancellor are you listening? In terms of timing, its something new Govt could announce right now for delivery in the Autumn when usually markets rise. If they leave it too long e.g. till end of this year, early next), they'll loose the political advantages in my view. |
Posted at 30/3/2010 22:53 by kpwuk Northern Rock investors to get nothingHarry Wilson, 22:34, Tuesday 30 March 2010 Former shareholders of Northern Rock will be left with nothing after the mortgage lender's independent valuer confirmed the company's shares were worthless and there was no requirement to pay compensation to those who lost money when the Government seized control of the business. Since being de-listed in February 2008, Northern Rock shareholders have held on to the hope of compensation for their losses. However, in a report published on Tuesday , independent valuer Andrew Caldwell of BDO said there was no reason for any compensation to be paid and that the old stock was worthless. After looking at Northern Rock's assets, Mr Caldwell said he had confirmed his provisional view that after taking account of the business's liabilities there was no surplus money to hand back to shareholders and instead found a £5.68bn deficit. "I determine that the amount of compensation payable by the Treasury to former shareholders or to those whose rights to receive shares have been extinguished is nil," wrote Mr Caldwell. Former shareholders, some of whom lost millions of pounds following Northern Rock's collapse and Government rescue, have said the business was a going concern. However, Mr Caldwell said he found no grounds to support this view. Mr Caldwell said he could not "identify significant parts" of Northern Rock that could be run as a going concern and that could be sold at a premium to their book value. "It is unlikely the administrator would find anyone prepared to buy the entire business of Northern Rock," he wrote. In December, former shareholders had an application to pursue a claim against the Government rejected by the Supreme Court. Hedge funds SRM Global and RAB Capital have been leading a fight by former Northern Rock shareholders for compensation, arguing that they should receive 400p per share. SRM Global, which is run by former trader Jon Wood, took issue with the original terms of Mr Caldwell's engagement, which instructed him to assume that "all financial assistance provided by the Bank of England or the Treasury to Northern Rock has been withdrawn" and that the lender is "in administration". Mr Wood argued that while the Government allowed RBS (LSE: RBS.L - news) and HBOS to continue as publicly-listed companies, it adopted a different approach to Northern Rock. This month Northern Rock announced a loss of £257m for 2009, lower than the £400m forecast, and an improvement on the £1.4bn it lost in 2008. |
Posted at 14/2/2010 12:57 by tonybaloni WHY DOESNT GORDON...........Give aggreived shareholders of NRK & BB substitute shares in RBS / Lloyds ? |
Posted at 03/11/2009 19:24 by the_owl My thoughts:Value of NRK now = Value of 'good' bank - value of 'bad' bank. The bad NRK bank may not be 'all bad' in time though (evidence 4 Nov in NRK statement trend on the bad is changing positively), and as a recovery returns (similarly bad bits of Lloyds/RBS). Therefore the shareholders must have grounds for seeking a return of NRK to its previous state with a value (possibly the value of £1.5bn?) Clearly Branson believed (and it would seem still believes) there is value. The Government, regulatory authorities should have listened to him instead of playing politics with things/companies it cannot hope to understand. I note B&B, alliance & Leicester are still viable entities under the Santander umbrella. The government in my view was plain wrong to assign NRK a nil value on the grounds it would be bust if they had not bailed it out. If they were correct, the logic follows that no one should contemplate buying new shares in RBS/Lloyds as they were (probably still are given new bailout monies needed today) in a much worse position. This includes the government which is raising its stake with our money...so we are paying some xxBn's more for a worthless asset ?? The sp's for these 2 banks indicate the banks still have a present & future value. RAB, SRM, small investors in my view have good grounds for their legal case if comparisons are made with the Governments' inconsistent approach viz a vie Lloyds/RBS. Hopefully the government will loose - they deserve to fail on this issue for robbing shareholders (owners) with virtually no consultation.. What a shambles. ps I am not, nor have I been a shareholder in NRK for the last 2 years. |
Posted at 01/3/2009 21:15 by qantas Hedge fund thinks bank slide is overTop investor netted £100m from Barclays sell-offSimon Bowers The Observer, Sunday 1 March 2009 Article history Lansdowne Partners, one of Mayfair's largest and most successful hedge funds, has taken £100m in profits from short-selling shares in Barclays and has told its investors it now believes the British banking sector is undervalued. The fund is understood to have been short-selling Barclays shares - betting on a fall in its share price - for about two years. But it has now cashed in that short position, marking the end of the fund manager's negative view on the bank. Barclays shares peaked at close to 800p in early 2007 and dropped to a five-year low of 60p a month ago. The move is also thought to be part of a wider strategic push by Lansdowne, calling the bottom of the market in British bank and housebuilding stocks - two sectors where share prices have crashed hardest since the credit crunch began. Until a flurry of trades at the end of the year, Lansdowne funds had held very successful short positions in both banks and housebuilders in 2007 and 2008. The change of tack will be one of the most closely watched investment decisions in the market. Co-founded by Conservative Party donor Paul Ruddock, Lansdowne attracted controversy after it emerged it had made an estimated £100m from the demise of Northern Rock. The firm bet the bank had been overvalued at least two years before its downfall, a position that for much of its life showed paper losses running into millions of pounds, before turning profitable as Northern Rock sank into financial meltdown. Other lucrative Lansdowne "shorts" that have been closed included a substantial position in HBOS, which came to light during the bank's troubled rights issue last summer. It was diluted and sold before the lender was forced to accept a government-brokered rescue takeover bid from Lloyds TSB. Lansdowne also took a negative view on Allied Irish Bank, which has been forced to seek rescue funding from the Irish government. The fund cut its short position in the bank by more than 50% last month, making profits estimated to run into tens of millions of euros. Despite these successful short bets on bank stocks, Lansdowne managers last year failed to trigger the kind of huge management fees for which hedge funds are famous. The shine was taken off the funds' performances as investments in a number of companies, most notably in mining firms such as BHP Billiton, proved to be very poor decisions. Overall, the group's funds finished broadly flat for 2008 with its largest fund, UK Equities, the best performer, up 0.5%. But there were no performance fees for star fund managers such as Peter Davies, who runs UK Equities, or William De Winton, who runs Landsdowne Global Financials. The performance was nevertheless extremely credible when benchmarked against the FTSE 100, which fell 31% in the year, or against most hedge fund peers, many of which have been pushed out of business. Lansdowne still feels there could be further share price falls for other sectors. This month it was force to disclose short positions in commercial property firms Land Securities and British Land, representing 1.78% and 4% of the companies' shares respectively. Short-seller behind the Tories Lansdowne founding partner Paul Ruddock is one of the most prominent supporters of the Conservative party, having donated £260,000 to its coffers. It is sufficient to secure him membership of David Cameron's 100-strong elite donors club, the Leaders Group, without denting his estimated £350m personal fortune. A stellar Oxford law graduate, like many in Cameron's circle he went on to work in the City, first for Goldman Sachs and then for Schroders, before jointly setting up Lansdowne Partners in 1998, where he became chief executive. Lansdowne's offices are in the heart of the Mayfair hedge-fund district, just off Berkeley Square, while Ruddock has made his home a short stroll away, across Kensington Gardens in a pocket of Notting Hill called Lansdowne. He made much of his fortune just over two years ago when, together with other partners, he sold close to 20% of Lansdowne to Morgan Stanley for £300m. Much of the proceeds are said to have gone back into the fund. In earlier years, Lansdowne was better known for returns made on shrewd investments in companies such as Tesco and Manchester United but, like many hedge funds, it has recently come under fire from critics of short-selling. Last month, Cameron said: "People might not follow the minutiae of over-leveraging or short-selling, but they know that the roots of our crisis lie in recklessness and greed." |
Posted at 20/10/2008 09:04 by bryan2 About time too!The Observer reports that the Serious Fraud Office could launch an inquiry into BBC business editor Robert Peston's recent string of market-moving banking 'scoops' after David Cameron's Tories raised suspicions that he could have a 'mole' inside 10 Downing Street or the Treasury. The SFO confirmed to the paper that its director, Richard Alderman, had received a letter from Tory MP Greg Hands, asking it to investigate 'allegations of fraudulent behaviour' at the heart of government. At critical points in the NRK crisis he appeared to use insider/spin information supplied by BoE/Tresury to drive down the NRK share price. |
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