Northern Rock Share Chat (NRK)

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	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	+0.00p	+0.00%	90.00p	0.00p	0.00p	-	-	-	0	06:30:09

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Banks	-	-	-	-	379.10

Northern Rock Share Discussion Threads

Showing 17751 to 17770 of 17775 messages

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Date	Subject	Author	Discuss
09/8/2012 11:41	thanx Quantas - yuk!!	galleon	Read Full Thread Reply
29/7/2012 20:04	Sunday Express today Northern Rock euro court case rejected.	qantas	Read Full Thread Reply
02/4/2012 13:31	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.	miata	Read Full Thread Reply
02/3/2012 10:12	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.	aliveli	Read Full Thread Reply
02/3/2012 08:34	http://www.bbc.co.uk/news/business-17229937 "Rock: Bad bank gone good There was big controversy in November when the government sold the so-called good bits of Northern Rock to Virgin at a loss which could be greater than £500m. But the part of Northern Rock that is still owned by taxpayers, and has been combined with the mortgage book of Bradford and Bingley, today announced a very handsome profit for 2011 - of £1.1bn, an increase of 145%. What is striking, just to labour the point, is that the annual profit on this business, now called UK Asset Resolution, exceeds the losses incurred by the Treasury on that contentious privatisation. The reason for the big profit - which also allowed UK Asset Resolution to repay £2bn of money it borrowed from the Treasury - is that there has been a sharp reduction in loans going bad and running costs have fallen. Even more encouraging, UK Financial Investments, which manages taxpayers' holdings in banks, estimates that the government will have generated a cash surplus of £10bn when all Northern Rock's mortgages are eventually repaid. That would represent an annual rate of return in the region of 3.5% to 4.5% for the Treasury, which is perhaps a tiny bit better than what it costs the government to borrow. Or to put it another way, taxpayers may eventually end up with a genuine profit on the 2008 nationalisation of Northern Roc	grbaker	Read Full Thread Reply
05/1/2012 21:05	will P I before delisting get anything out of it at all?	golikethewind	Read Full Thread Reply
20/12/2011 11:43	Although better book value than Lloyds will receive for Verde.	zeuseq	Read Full Thread Reply
20/12/2011 11:41	maybe not.	zeuseq	Read Full Thread Reply
25/11/2011 08:43	excellent price.	zeuseq	Read Full Thread Reply
17/11/2011 10:53	Northern Rock is being sold to Virgin Money for £747m, the government has announced. Northern Rock plc will be rebranded as Virgin Money, which has pledged no compulsory job cuts for three years. The bank currently employs 2,500 people, down from 5,500 when it was nationalised.	miata	Read Full Thread Reply
31/8/2011 11:16	http://www.ft.com/cms/s/0/52ebb9d6-8bb9-11e0-a725-00144feab49a.html#axzz1WbEJfDHu	grbaker	Read Full Thread Reply
29/7/2011 17:53	Bad Bank repays http://www.thisislondon.co.uk/standard-business/article-23937208-uk-bad-banks-repay-us-pound-1bn-only-pound-49bn-to-go.do	qantas	Read Full Thread Reply
16/6/2011 13:53	so where now for luckless ordinary / small shareholders?..suppose we just have to pray!	galleon	Read Full Thread Reply
13/2/2011 19:50	The Sunday Times today Northern Rock to buy back old loans Taxpayer-owned lender poised for partial reunification as it eyes purchase bad bank assets.	qantas	Read Full Thread Reply
20/1/2011 09:21	http://www.moneymarketing.co.uk/mortgages/northern-rock-seeks-out-buyers/1024710.article	knowing	Read Full Thread Reply
09/1/2011 23:26	Energy provider npower officially opened its £60m offices at Rainton Bridge, near Sunderland. The site had originally been built as Northern Rock's showpiece headquarters.	miata	Read Full Thread Reply
07/10/2010 12:17	B&B really was a basket case. This is an excellent way to write off B&B failings by sucking up the assets in the NR part. - Thereby justifying that there was no value of NR when confiscated. Outrageous.	ekuuleus	Read Full Thread Reply
07/10/2010 08:30	http://www.derbyshiretimes.co.uk/news/northern_rock_bad_bank_pays_back_another_1bn_1_1658583	miata	Read Full Thread Reply
07/10/2010 01:59	I'm really shocked at the lack of updates on here. Revised assessment notice was issued on 4/10/2010. You have 4 weeks from this date. You should also read the actual notice. Q1: What is the purpose of the Revised Assessment Notice? Back to top A: Any person affected by the Independent Valuer's final determination set out in the Assessment Notice had the opportunity to submit a request to the Independent Valuer to reconsider his determination. The Revised Assessment Notice confirms that, after carefully reviewing all of the requests for reconsideration received, the Independent Valuer remains of the view that the original determination is correct and should be upheld. The Independent Valuer has therefore confirmed that the amount of compensation payable by HM Treasury to former shareholders, or to those whose rights to receive shares have been extinguished, is nil. Q2: What happens if I am still unhappy? Back to top A: Any person affected by the determination set out in the Revised Assessment Notice, who is dissatisfied with the outcome, may refer the matter to the Upper Tribunal (Tax and Chancery Chamber). Any such reference must be made within 28 days from the Revised Assessment Notice. It should be made by way of a Reference Notice (Form FTC3), which must be signed by or on behalf of the Applicant and sent to: The Upper Tribunal Tax and Chancery Chamber 45 Bedford Square London WC1B 3DN Form FTC3 can be downloaded from the www.tribunals.gov.uk/financeandtax/formsguidance.htm or by calling the Upper Tribunal's office on 0207 612 9647 or 0207612 9646 All referrals to the Upper Tribunal must be sent directly to the Upper Tribunal's office and copied to the Independent Valuer as follows: By post to: Andrew Caldwell Northern Rock Independent Valuer c/o BDO LLP 55 Baker Street London S1U 7EU Or by e-mail to: northern.rock@bdo.co.uk The Independent Valuer will no longer be responding to any further correspondence received from Affected Parties, but will address any further issues raised in the context of the Upper Tribunal procedures, as appropriate. Q3: How much compensation has the Independent Valuer determined Affected Parties should receive from HM Treasury? Back to top A: The Independent Valuer has determined that no compensation is payable to former shareholders (and to those whose rights to receive shares have been extinguished). Q4: Is the outcome detailed in the Revised Assessment Notice applicable to all shareholders and Affected Parties? Back to top A: The Independent Valuer's determination that no compensation is payable to former shareholders applies to all classes of shareholder. Q5: I didn't have time to submit a request for reconsideration of the Assessment Notice. What can I do? Back to top A: All requests for the Independent Valuer to reconsider his determination had to be made by 4 May 2010, which was five weeks from the date on which the Assessment Notice was published. This date has now passed. Any person affected by the determination set out in the Revised Assessment Notice, who is dissatisfied with the Revised Assessment Notice, may refer the matter to the Upper Tribunal (Tax and Chancery Chamber). Q6: Considering the parameters placed on the Independent Valuer by the Government, wasn't this outcome inevitable? Back to top A: The legislation clearly states that the Independent Valuer is independent. It was for him and not the Government to determine the amount of any compensation payable under the Northern Rock plc Compensation Scheme. When undertaking his valuation, the Independent Valuer was required by law to apply the statutory valuation assumptions set out in the Banking (Special Provisions) Act 2008 and the Northern Rock plc Compensation Scheme Order 2008. Q7: Is the final value set by the Independent Valuer applicable to all classes of shareholders and Affected Parties? Back to top A: The Independent Valuer's final determination that no compensation is payable to former shareholders applies to all classes of shareholder.	ekuuleus	Read Full Thread Reply
07/10/2010 01:59	I'm really shocked at the lack of updates on here. Revised assessment notice was issued on 4/10/2010. You have 4 weeks from this date. You should also read the actual notice. Q1: What is the purpose of the Revised Assessment Notice? Back to top A: Any person affected by the Independent Valuer's final determination set out in the Assessment Notice had the opportunity to submit a request to the Independent Valuer to reconsider his determination. The Revised Assessment Notice confirms that, after carefully reviewing all of the requests for reconsideration received, the Independent Valuer remains of the view that the original determination is correct and should be upheld. The Independent Valuer has therefore confirmed that the amount of compensation payable by HM Treasury to former shareholders, or to those whose rights to receive shares have been extinguished, is nil. Q2: What happens if I am still unhappy? Back to top A: Any person affected by the determination set out in the Revised Assessment Notice, who is dissatisfied with the outcome, may refer the matter to the Upper Tribunal (Tax and Chancery Chamber). Any such reference must be made within 28 days from the Revised Assessment Notice. It should be made by way of a Reference Notice (Form FTC3), which must be signed by or on behalf of the Applicant and sent to: The Upper Tribunal Tax and Chancery Chamber 45 Bedford Square London WC1B 3DN Form FTC3 can be downloaded from the www.tribunals.gov.uk/financeandtax/formsguidance.htm or by calling the Upper Tribunal's office on 0207 612 9647 or 0207612 9646 All referrals to the Upper Tribunal must be sent directly to the Upper Tribunal's office and copied to the Independent Valuer as follows: By post to: Andrew Caldwell Northern Rock Independent Valuer c/o BDO LLP 55 Baker Street London S1U 7EU Or by e-mail to: northern.rock@bdo.co.uk The Independent Valuer will no longer be responding to any further correspondence received from Affected Parties, but will address any further issues raised in the context of the Upper Tribunal procedures, as appropriate. Q3: How much compensation has the Independent Valuer determined Affected Parties should receive from HM Treasury? Back to top A: The Independent Valuer has determined that no compensation is payable to former shareholders (and to those whose rights to receive shares have been extinguished). Q4: Is the outcome detailed in the Revised Assessment Notice applicable to all shareholders and Affected Parties? Back to top A: The Independent Valuer's determination that no compensation is payable to former shareholders applies to all classes of shareholder. Q5: I didn't have time to submit a request for reconsideration of the Assessment Notice. What can I do? Back to top A: All requests for the Independent Valuer to reconsider his determination had to be made by 4 May 2010, which was five weeks from the date on which the Assessment Notice was published. This date has now passed. Any person affected by the determination set out in the Revised Assessment Notice, who is dissatisfied with the Revised Assessment Notice, may refer the matter to the Upper Tribunal (Tax and Chancery Chamber). Q6: Considering the parameters placed on the Independent Valuer by the Government, wasn't this outcome inevitable? Back to top A: The legislation clearly states that the Independent Valuer is independent. It was for him and not the Government to determine the amount of any compensation payable under the Northern Rock plc Compensation Scheme. When undertaking his valuation, the Independent Valuer was required by law to apply the statutory valuation assumptions set out in the Banking (Special Provisions) Act 2008 and the Northern Rock plc Compensation Scheme Order 2008. Q7: Is the final value set by the Independent Valuer applicable to all classes of shareholders and Affected Parties? Back to top A: The Independent Valuer's final determination that no compensation is payable to former shareholders applies to all classes of shareholder.	ekuuleus	Read Full Thread Reply

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