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Daily Mail?! No doubt RBS is a cause of cancer too.
The blokes a fool.... He should forced to stand down for that...
Beyond belief ...
http://www.dailymail.co.uk/news/article-6065021/RBS-Royal-Bank-Scotland-threatens-Europe-hard-Brexit.html
Jambon - fred certainly walked away ok, very sorry to hear about the staff suicides. Bemused to hear that his office has been left exactly as it was when he left (no kidding), I presume as a shrine to his extraordinary achievement in nearly bringing down capitalism more effectively than any number of socialist/communist figures have ever managed in the past.
I certainly don't want to get too much into it and become a Lloyds forum asylum,
But personally I think its unlikely we will get a no deal - I think there will be a bit of give and take and well get some kind of flimsy half brexit deal. As such im holding - also I don't have a huge holding here, so if it did collapse to 160p I would heavily average down (bearing in mind the dividend that's likely to be circa 8p over the year becomes 5% dividend at 160p). Also its possible in 2019 the dividend could be even higher.
However each to their own and I understand fully people selling out. Sorry to hear about crystalising losses.
Was that before they collapsed they advised staff to buy and hold large amounts of shares as a good pension option etc.. Those people that held large amounts of shares for their pension are still 96 percent down... My mrs worked for rbs and there was a few staff suicides due to the total collapse of people savings and pensions... Good ole fred walked away ok though! They always bloody do
Who wants the 2p? With a no deal scenario, this could drop 80p to 160p! Sold all for 244p yesterday at a 5% loss.
They deserve to be last place as well.... They have been screwing investors for years! 10 years after being bailed out the share price is still half the bailout price... 260p is my get out even and thats my plan... The big banks were only massively profitable through ripping off customers anyway
Fingers crossed this is the tip of a deluge of shareholder returns with divi and buybacks. My next top up point will be low 230's if it gets there, although I may hold off until Oct to see if hard Brexit is a likely outcome.
In accordance with its intention announced on 3 August 2018, the RBS Group today declares an interim ordinary dividend of 2 pence per share.
The dividend shall be paid on 12 October 2018 to shareholders on the register at the close of business on 24 August 2018. The ex-dividend date will be 23 August 2018.
In a cartel-ised market where it is characteristic for large numbers of customers to stick with their choice of provider for extended periods regardless of paltry interest rates, and the growing importance of online banking, does a customer satisfaction survey really affect the sp?
Britain's first mandatory sector-wide customer survey to help people choose the best bank has seen RBS putting in a sterling performance and making it to joint last (15th) ! Surprised RBS were not completely at bottom of pile. On a brighter note, Natwest were joint 9th.
i think the storm is over from fred the shred?and markets today not been the best ? this government handling of Brexit is causing a lot of uncertainty and giving people the miss information that does this.summer is nearly over lets see what winter brings on sales.
Do not worry. Wait for end of October 2018. RBS 3rd quarter result is to come on 26th Oct 2018 and I feel it would be above expectation. After 26th Oct 2018, you would not see RBS sp below 300 ever, most likely, sp would be above 350 by end of this year.
bounced off 240's but looks like it could test it again. Most stocks ATM are looking red as far as I can tell.
Nobody want any of this piece of shlt
According to Deutsche Bank’s analysts: “In aggregate we forecast £11.2bn of capital distribution from 2019-2021, 37% of current market cap which could be executed via a combination of directed buybacks or special dividends. RBS's capital position (16.1%) is already well above requirements, and should continue to climb.”
So, if Deutsche Banks is right than RBS would dish out £11.2 bn by 2011. From here, it can be seen that RBS has enough capital to buy a large chunk of Shares back from government. Obviously, that would increase their profit per share as presently, shares are trading at huge discount. I think if RBS would do that, buy government shares directly, than it would be cheaper for government to sell, plus there would be positive effect on RBS business and profitability (per share).
Interesting note from UBS on Friday which mentions Buybacks and risks of Brexit.
Brexit bit is scaremongering IMO :
"RBS shares rise as it looks to pay first dividend since financial crisis, posts first half profit
A US$4.9bn settlement with the US Department of Justice (DoJ) over the sale of mortgage-backed securities in the run-up to the financial crisis, marked the last of the bank’s major legacy issues and paved the way for the resumption of dividends.
RBS recommended an interim dividend of 2p as it reported an attributable profit of £888mln for the six months ended June 30, down from £939mln last year, with the decline reflecting its settlement with the DoJ.
“The first dividend in a decade didn't dent the balance sheet either: significant special dividends or buybacks – perhaps direct from government – are needed to stop this undervalued surplus capital from growing further,” UBS said.
“We think earnings and excess capital are undervalued at a buyback-adjusted medium term price-earnings of 6-7x; upgrade to Buy.”
UBS expects higher dividend yield, share buybacks
RBS is targeting earnings per share (EPS) of 34p in 2020 and while UBS is “more cautious” with its estimate of 28p, it expects £5bn in share buybacks to the end of 2021 to take the stock to 6.5 times earnings.
UBS estimates a dividend yield of 3.4% in 2018, rising to 5.0% in 2020, along with buybacks and special dividends to reduce overcapitalisation.
In 2019, UBS expects RBS to ask shareholders for approval to repurchase stock direct from the UK government, reducing the overhang, increasing index weights and delivering EPS accretion.
The government sold 925mln of its shares in RBS in June, reducing its stake to 62.4% from 70.1%.
Risk of no-deal Brexit
With any company, there are of course risks, and a no-deal Brexit scenario is a major one facing RBS.
“If negotiations fail we would expect pressure from margins (Bank of England to cut rates and restart quantitative easing), loan losses (lower house prices, weaker macro-economic assumptions under IFRS 9) and higher risk-weighted assets density,” UBS said.
“We don't kid ourselves that discounted valuations would provide protection. But a no-deal Brexit is also not our base case given significant apparent risks to financial stability for both sides of the negotiating table: we see room for UK domestic bank exposure in any portfolio.”
The sp isn't really falling, just hovering within a range, which has been characteristic of this share for a while. Given the general improvement of fundamentals over the last few quarters, the vector of the sp should be positive over time.
I cant beleive this is falling... Did nobody hear there is a 2p divi lol
RBS stated that was their intention (at least some of the govts shares next time they offload).... however I never heard any response from the govt, so it's unclear of their willingness to cooperate
I'm sure I read somewhere that RBS have offered to buy back the shares (and hopefully delete them) to boost our sp.
Its throwing out cash at the rate of £5 billion pre tax. Can buy back its own shares from Govt ?
Yes im absolutely buzzing for my 380 quid divi lol.
I'd say with interest rates set to rise significantly over the next 2 years along with higher dividends that this share is a good one for a medium to long term bet.