So, here\’s a question.
Northern Rock is bust, there\’s no doubt about that. However, there is some doubt as to what the compensation level will be. Or, if you prefer, what was the value of each share when it was nationalised. The value in administration? Or the value as a going concern?
Now, the question. Is there still a market in the shares? If they were, say, a few pence each, then that would be an interesting option on the value of the payout. So, my financially literate readers, is anyone making a market in the shares?