Northern Rock Share Discussion Threads

[knowing] 26/2/2021 14:29

Just saw this and bought back some memories

[qantas] 02/3/2020 09:15

Thousands of former Northern Rock shareholders are planning to restart their fight for compensation after the nationalised bank was left with ?5 billion in surplus equity having repaid its government loans in full. Dennis Grainger, chairman of the Northern Rock Small Shareholder Action Group, said that he would be writing to the prime minister and to the chancellor to recover the excess profits made by the Treasury from the bank's 2008 nationalisation. - The Times

[galleon] 09/8/2012 10:41

thanx Quantas - yuk!!

[qantas] 29/7/2012 19:04

Sunday Express today Northern Rock euro court case rejected.

[miata] 02/4/2012 12:31

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.

[aliveli] 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.

[grbaker] 02/3/2012 08:34

"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

[golikethewind] 05/1/2012 21:05

will P I before delisting get anything out of it at all?

[zeuseq] 20/12/2011 11:43

Although better book value than Lloyds will receive for Verde.

[zeuseq] 20/12/2011 11:41

maybe not.

[zeuseq] 25/11/2011 08:43

excellent price.

[miata] 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.

[qantas] 29/7/2011 16:53

Bad Bank repays

[galleon] 16/6/2011 12:53

so where now for luckless ordinary / small shareholders?..suppose we just have to pray!

[qantas] 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.

[miata] 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.

[ekuuleus] 07/10/2010 11:17

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.