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I can't see they will cut dividend. If they do cancel or cut dividend, the share price will go further down. This is what they can't afford to do it.
Can't see the run banks going like 2008,government already, got a foot in banks anyway.
a £1 by next week, hold your nerve do not buy yet.
BB, Total Tosh, they are awash with cash. If you take your divvy as shares, as I do, we shall get an unbelievable price.
Have you been talking to “Turkey Lurky” by any chance?
A £1 by next week
They can cancel the dividend because it is only proposed at the moment. The Bank Of England will provide all the necessary liquidity to the Banks.. Cancelling the dividend would have very little effect on liquidity improvement.
Possible not
Is that allowed?
To Bolster Banks Liquidity which is going to be under great pressure in the coming months.
Cancel dividend ?-where should the dividend go .
Will it be cancelled?
Although not great news, it might be prudent for all Banks to cancel proposed dividend payments.
On the basis the Covid-19 virus and its wider effects continue along the path expected, once this stock goes ex div on 26 March, we can indeed expect to see the SP drop materially, even from its present depressed levels.
I desperately want this stock to rise but I am having great difficulty thinking of any reasons why it should.
B
Could fall at least 115 area, in the year, if it's double barrelled. still drop this week alone.
There may be a shock delay, to the price philpot1001,brexit still yet to resolve alone, and virus hasn't peaked ,still room to drop, to top up.
Maybe, however I think it's generally accepted Coronavirus will be a transient effect, current best estimate is a few months... but let's say 6 months... then it's back to normal. I'll keep topping up at these levels , should be safe - unless a global recession is triggered .
I'll be honest I thought banks would get trousered today from the interest rate cut!
Sky reported today that HMG will not sell RBS until 2025 at earliest. Time for a Corona ...
Still the SP falls with no real end in sight it seems.
While it is fully understandable that everyone's focus is on health and welfare, the sheer extent of potential economic catastrophe arising from the implications of Covid-19 is now coming into view.
With many of the world's largest economies seemingly trialling hibernation as a full time experiment, we are really witnessing an abrupt jump into unchartered waters when the outcome can be nothing other than recessionary.
The implications for Banks are not good and for the rest of us, there is little to comfort given Governments and Central Banks collective inability to dig us out of the financial crash of 2008.
It may not be as dramatic as watching RBS share price fall off a cliff on the fateful Friday in 2008 before the Gov bail out that weekend, but its fairly painful to see us start to challenge SP levels closer to a £1. It wasn't supposed to be like that.
B
Down 110 points @6337
Toff
I've sold last year in april when this SP was around 249.. We got in this RBS more than 10 years ago when the SP was around 390.
I assumed we had a big loss and time to move on but looking at current SP, I can only wish good luck to all holders there.
Newish to all of this. Some big offloads of shares at the tail end of Friday. Is that an indication for how things may play out for Monday?? Stuck between getting rid or holding
Jab
Given that coronavirus was mainstream international news since middle of January, and only since Italy in Feb did the markets actually react, I'm going to call them a set of overreactive drama queens rather than incredible foreseers.”
No you’re all wrong.
As with the financial crisis the news, the implications
They take time to sink in. They take time to be priced in. That’s the nature of the beast.
When markets implode you are standing in the way of a tidal wave in the firm of fear: in the firm of the human herd.
Denial with obliterate you. So - ride the wave - let the herd stampede to exhaustion- and then enter the fray.
Toff - a lion among a herd of wildebeest
And out for Blood.
Personally I'm already in sitting on a small ish loss .... but I'm waiting for a while before topping up. Who knows where this is going medium term. But like you I (hopefully) have time on my hands
Given that coronavirus was mainstream international news since middle of January, and only since Italy in Feb did the markets actually react, I'm going to call them a set of overreactive drama queens rather than incredible foreseers. This will keep going down and could go sub 100p - but it is so, so temporary. It might not recover for months, or even a couple of years (especially if the spread eases off and then we get another round of this next winter). So if you are sitting on a loss but you have time on your side, just hold; you will be back in the money again one day. If you're not in, buy now. If you're sitting on a loss but don't have benefit of time, then it's probably best to accept the loss and come out ASAP. GLA.
philpot1001 cash is king at the moment.
Well it's pretty clear markets are pricing in a global recession. It's either incredible foresight, or over reaction drama queen. Sell your holdings / buy up bargains according to your opinions I guess!