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"crippling investors for decades" new rbs slogan lol!!
UK focused Banks are clearly out of favour at present,until there are further signs that progress in the Brexit negotiations are being made and a final satisfactory settlement is in sight, there will be little appetite for a further accelerated bookbuild offering of RBS shares among institutional investors without having a detrimental effect to the current share price.
Times stated tat the govt could start another sale in September within 3 months
In all fairness lloy SP has not performed great since dividends restarted.
PMI uptick... bloody phone
Picked up again today, along with manufacturing PMI prick the other day, smells like a possible interest rate hike in Aug to me. I topped up today at 250p.... typically it fell through to 249p as soon as I did.
New PPI claims imminent threat for £18b, couple winning a case against Paragon Financial
I agree with SocLockRock.....gelding would be nice
snige, Despite fianancial press media reports RBS are still not quite in a fianancial postion to restart cash dividends as clearly demonstrated in the current share price. However a share buy back program is possible and will return some form of fundamental value to shareholders, and will be the safest and most economically option for the bank to follow.
Both RBS and the Government do not want a repeat of the Lloyds selldown fiasco, and have already strongly indicated between 10% and 15% of the shares are likely to be bought back directly by the bank from the Government which would help avoid Institutional speculation and preventing volatility in the daily market price of the shares at a price that will be acceptable to both taxpayers and shareholders.
Stage,i cannot see your logic of a buy back when your biggest shareholder wants out at best possible price.Better to attract more inward investment with the attraction of a dividend,IMHO.
There would have been a divi long ago , if the flowerpot men Cameron & and the weed Osborne didn't sack Stephen Hester , when ever that foreigner Ross Mcewan got Hester's job , all he did was sell and make things worse , just a government puppet , going nowhere but doon doon , Infact the people in charge of this criminal organisation , should be locked up ?
RBS still need to maintain and improve its capital structure targets, the shares are now trading at 12 month lows any shareholder distribution of excess capital will most likely come in the the form of a share buyback program.
waiting for that dividend announcement
Is this a sign of things to come re the SP At least all my other holdings have multibagged lol
(Sharecast News) - Upcoming stress test results should trigger the release of a large amount of pent-up regulatory capital at RBS, analysts at Morgan Stanley said as they bumped-up their target price for the shares. Also, continued growth in its Retail arm and in mortgages was seen delivering compound annual growth of 3% over the next three years, alleviating margin pressures, facilitating a strong margin build and therefore capital returns. Together with the lender's existing room to manoeuvre when it comes to improving the efficiency of its capital structure, that should allow for a normal dividend payout of 40%, special dividends, and a £2.0bn share buyback programme. Combined, their expectation was that those factors would drive total shareholder returns of 23% between 2018 and 2020. Hence their decision on Tuesday to boost their target price for the shares from 315p each to 335p, while reiterating their 'overweight' stance on the same. "RBS remains our preferred UK domestic name. The stock is trading on 9x adjusted earnings vs. the sector on 11.7x while offering one of the highest shareholder return profiles in Europe together with Lloyds and Nordic banks. We would regard an interim dividend as a show of confidence from the regulator and a catalyst for the stock," they said. Critical to their investment thesis, on Morgan Stanley's estimates RBS was sporting a 2018 common equty Tier 1 capital ratio of 16.4%, versus their estimate of a steady-state requirement for 13.5%. Hence, once it passed those stress tests, RBS should be able to pay-out "at least" 100% of its projected earnings for 2019/2020 in the form of dividends. On top of that, the broker believed there was room to call, tender or redeem £6.0bn-worth of the legacy £18.0bn of subordinated debt instruments sitting on its balance sheet. That might save it about £200m over the next three years, Morgan Stanley said, which its analysts had previously not factored-in. "Beyond that we see further room to go as AT1s and more Tier 2 instruments get refinanced," they added. RBS was unlikely to act imminently, the analysts explained, given current cash prices.
Rbs can be very good for trading.... Good profits to be had...
Oh it's Jambon hope your well As you know I have a small holding in Koovs @ 6p for 10k worth was expecting it to go a lot lower for another 10k but happy with the big rise...... may think of selling as it's had it's day in the sun.... problem with me is I never sell the small holdings i tend to forget about them..... But I have strong investments in the banking sector this is what takes up most of the juice lol.......
Hey checkricky you should have a look at koovs mate.... You could have made some real money in there. Rbs will bounce back to 290 before you know it... Im in here 50k average 258p in trading account plus 15k in my sipp
Morgan Stanley had a 315.00 as a old target and now it's 335.00 oh well lets see how things work out in the next few months ..... that is why RBS is up for a change....
you will be back over 3 in 6 months, if it makes you sad then stop looking!
I want to cry
After waiting years for the bad news to finish, it has now dropped 15% in the last month and since the last big fine, this cannot be due to the govt sell off which has been expected for a long while.
Looks like we have a hole in the bottom of this P1ss pot....And the wind blowing from all directions not helping Well now Philip Hammond must feel a bit like a trader for the moment .... The Gov are always in the know screwing investors even in 2008 they all was in on the act.... Gov biggest CONS on this earth..... Time to close the trading book for a month by the looks of this ......
The big uncrossing trade last night was due to the FTSE index weight change, from 27% investability to 35%. This meant index funds had to increase their holdings.
New fund buying