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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
some big buys after markets close today .... Whats that all about ??? �97.325 Million and �45.699 Million and many more in the ���millions and they are OTrades...... Better get my specs on lol
RBS CEO has said they want to buy back shares from the govt, I'm assuming they will terminate the shares afterwards? Alsò BoE are indicating rate rise is on the cards again
Government may or may not have helped price . Two things that certainly have not was money and time ( at least 3 billion) wasted trying to set up the separate Williams and Glyns Bank and EEC insisting on fire sale of assets like Citizens Bank etc at knockdown prices just after the rescue . I think the other factors are inability to make consistent if any profit in last 7 to 8 years and the RBS regretable involvement seemingly in most banking wrong doings over the years . Hopefully these legacy issues have washed out and have been learnt from . Although Banks seem to go through a cycle of lending generously and rashly - followed by bad debts - realising what they have done,they then tidying up their loans , lending more responsibly for a while . Bad debts go down and reasonable profits made . Then sadly it seems they are drawn, like moths to candle,s to relax lending rules start to push loans etc - during this period their profits ( and share price ) goes up Then three or four years later the loans etc start to go bad and the cycle repeats . At which point proftts (and share price go ) down bad debt and losses go up. My guess is we are at that point in the cycle where RBS will be deciding to push money out - which if not for government shareholding and all other issues - would see share price start to rise . I think they have probably put right most things - although their ability to provide an unpleasant surprise should not be under estimated . The staff that have learned the lessons from the last ten years will be moving on , retiring or may even have forgotten them . This is only my simple and slightly cynical understanding of how banking has worked in last twenty years
Would that be the same labour that leave the country bankrupt every time they are turfed out of office? If you are feeling hard done by as an investor with a conservative government you obviously don't remember how business unfriendly labour are, with their firm belief that profit is theft, and companies are there solely to provide superb pay and benefits to a (legally mandated) overstaffed workforce irrespective of their ability or workrate. Before you start harping on, I can tell you that I am no Conservative cheerleader, but I would take them every time over labour in terms of providing a business friendly environment and to prevent my hard earned savings and investments being eaten away by rampant inflation. Just saying.
ohhh and let's not forget the referendum, wonder which clowns idea that was should of sold RBS shares of first before attempting something as complicated as the brexit dxxx heads....
Thanks to the Conservatives since they have been in power the share price has lost about 35% will need this to rise 50% to get back to Labour levels...... Only 3 years ago RBS was trading at 370-395 range.... With all the mansion house speech by GO and now with PH,,,And PPI and waiting so long for the DOJ fine this has taken it's toll on the share price.... When GO first started talking about selling a small stake the price dropped from from 360ish to 330.... And now soon as the DOJ fine is out in the public domain the price jumps to 292 and PH opens his mouth the shares start to fall back and look at them today down 5% to 267...... What RBS share holders have just been CONNED by the CONS twice over night as tax payers and share holders Why Why did you Philip not let the price rise for a few months first before opening your big mouth..... The share was doing fine before you opened your gob to the city mates ..... Sorry to sound so Pisxed off today investors but this type of trickery makes my blood boil ......
I suppose a difficult one for HMG a bit chicken and egg . They want out but not then to see share price shoot up and faec accusations of gifting to so called city mates . I think sale at this price with information they have available indicates they do not expect any great rise in Bank share price in near future . But also they are aware that their own large shareholding hanging over the market depresses the price - which in turn makes it harder for them to get a good price . Perhaps they hope by sell part of their holding at reduced price this removes some of the overhang and price may then rise - .Possibly they would have to sell another small tranche to have got rid of enough of the overhang for that to happen
I haven't waded in yet, just dipped my toes (well probably ankles). HMG have a big chunk yet to offload, I guess the question is when are they thinking about selling that.... if it's not for a good few months, this should be a pretty cheap price for a bank on the cusp of turnaround.
Thinking of buying 10k worth! Perhaps the time may be right.
The politics of selling off something on the cheap are hard. What if they had done another Royal Mail then take the flack for the bounce up? On the otherhand if it was another flop then they wouldn't get the rest away, so i think it will hold at this price before a gentle rise as the main aim of the exercise is to get these shares away.
Well I added at 270.9 again, I've been waiting just in case HMG decided to dump, now they have I'll take advantage of the lower SP
I wouldn't take such a personal view on this. Of course HMG wanted to get this away successfully and as always that means by dangling a little bit of a carrot in front of the institutions. It isn't exactly a fire sale or giveaway though. The positive is that we know that there is very little to nil chance of something nasty crawling out of the woodwork further down the line, as HMG could not take any risk at all of that happening. So, we are now removing the dead hand of government and actually can look forward to being a "normal" business again. That's good news isn't it?
Buying shares at the low points is what a good investor does. I will be keeping my eye on this one and will consider buying in..long term here
https://www.youtube.com/watch?v=P65V-cst6TY I give up with this share it's beyond a joke now ...... The world is watching and taking the pis out of the Bank and the greedy and stupid UK Gov.......
Cannot believe what has just happened why on earth would the Gov sell so cheep this is a joke 271p old 27p.... Do they know something we don't or do they just want to sell at any cost to the tax payers this will make Philip Hammond look like a fool ......Why not wait until the results are out ..... I think it's Brexit jitters or they just want to sell up and spend the money before the next GE so the pot is empty.......share price will be something to watch today.....
Placed and sold at 271. Just fecking hold on to the shares. Banks will be booming soon!!!
Does this mean another drop in the share price or will we be pleasantly surprised? Is there a hidden message that means we won't see a dividend with HMG owning more than 50%.
unloading 925m shares