NBS 0.00% 9.9¢ nationwide building society.

this may be a dumb question, but they are often good ones to ask...

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    this may be a dumb question, but they are often good ones to ask lol

    how the heck can they have a 6m cash improvement to 31dec09, announce 11.7m in writedowns (6.6 +0.6+4.5) and then forecast a net loss after tax of 15-16m for the half???

    +6-11.7 = -5.7m

    so where's the other 10m in losses coming from for the half?
 
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