Valuing Northern Rock II (NRK.L)

Are there two north-east building societies with liquidity problems?
Northern Rock Scenario Analyser

It is almost the only answer that makes sense. Northern Rock’s equity (NRK - 179.2p) and its subordinated debt (NRKP - 71.5p offer) are pricing in such different assumptions that it is hard to believe both are issued by the same company.
The equity investors […]

Valuing Northern Rock (NRK.L)

Pick a number, divide by what Chris Flowers had for breakfast, then pray
Northern Rock Valuation Spreadsheet

Guess how much Northern Rock is worth - it’s the game sweeping the City! Prize for the winner: massive returns within a couple of months. Penalty for the loser: big losses, potential unemployment, and looking like a complete prat.
Northern Rock […]