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RBS has just been ****ged off by Fool. The forecast dividend values in article are lower than figures published elsewhere. Looks like topping up in 250's shortly is not out of the question. "RBS can be picked up on a cheap paper valuation, the bank sporting a forward P/E multiple of 10.8 times. However, the poor outlook for the UK economy does not convince me that earnings may rise at all in 2018, a fractional advance is currently forecast by City boffins. I also fail to be soothed by predictions of an 11% profits rise next year. This, combined with RBS�s wafer-thin balance sheet (it emerged from Bank of England capital stress tests by the skin of its teeth late last year) and the prospect of more crushing misconduct penalties, does not convince me that dividends are about to be reinstated either. This is despite the business announcing plans this week to slip �3.5bn into its pension scheme in a move seen as key to the bank making payments to its shareholders again. Current estimates suggest payouts of 6.4p this year and 11.9p for 2019, figures that yield 2.4% and 4.4% respectively. I remain to be convinced by RBS as a decent dividend bet, however, and reckon stock selectors should stay away".
RBS has just been ****ged off by Fool. The forecast dividend values in article are lower than figures published elsewhere. Looks like topping up in 250's shortly is not out of the question. "RBS can be picked up on a cheap paper valuation, the bank sporting a forward P/E multiple of 10.8 times. However, the poor outlook for the UK economy does not convince me that earnings may rise at all in 2018, a fractional advance is currently forecast by City boffins. I also fail to be soothed by predictions of an 11% profits rise next year. This, combined with RBS�s wafer-thin balance sheet (it emerged from Bank of England capital stress tests by the skin of its teeth late last year) and the prospect of more crushing misconduct penalties, does not convince me that dividends are about to be reinstated either. This is despite the business announcing plans this week to slip �3.5bn into its pension scheme in a move seen as key to the bank making payments to its shareholders again. Current estimates suggest payouts of 6.4p this year and 11.9p for 2019, figures that yield 2.4% and 4.4% respectively. I remain to be convinced by RBS as a decent dividend bet, however, and reckon stock selectors should stay away".
Lol don't get me wrong I'm happy to be in profit, just ideally wanted a larger holding here... but not prepared to average up. Anyway , it's starting to look a bit rosey here!
Reason for no sp drop probably news today (Reuters) about government appointing a RBS salesman. Sales to begin march 2019. Delay due to USA litigation.
Make that the 2nd time. Thought sp would dip today in response to Carney pouring cold water over interest rate rises but still edging up.
First time in a very long time that anyone has come onto this board complaining that the sp wasn't low enough!!
i may have missed my top up opportunity, wanted sub 250p really. Hey ho. Heres hoping we get that Divi train rolling, and interest rates go up next month. Also surprised the US litigation hasn't been sorted yet, thought that was pending weeks ago? Should all help to give this a kick in the pants.
Chart for RBS starting to look good also
Pension shortfall fixed, US litigation next, then divi in second half : "Reports have said RBS wants to pay a small dividend in the second half of this year to make it easier for the government to start selling its 71% stake in the bank, having forgone any payouts for taxpayers since it was rescued from collapse in 2008". Time to buy ?
Brokers have pencilled in divi of 7.36p for 2018 (2.9%) rising to 12.91p for 2019 (4.9%) pending conclusion of USA fines for legacy misdeeds. Barclays settled with USA prior to end of tax year but no sign of successful concluision for RBS.
Do anyone have idea how much capital is there in hand with RBS that RBS can use to pay fine, and if left, pay to shareholders in form of share buy back, special dividend or dividend?
I think it's more likely return of capital would manifest in share buy backs, assuming a) the fine gets sorted b) there are any profits left over after paying the fine c) dividend would likely take priority over share buy backs 2018 is possible for this, but more likely is 2019 Onwards IMO. However if you're patient, 2018 "could" be a good buying opportunity. Time will tell.
Assume by return of capital mean special payment to shareholders Apart from anything else I think major obstacle to both is that bank have to find some money to do it
DYOR. See McEwan answer in Morgan Stanley statement Q&A. Only USJustice settlement stands in the way of Dividend & RETURN OF CAPITAL.
Hopefully will eventually pay dividend but I think it be many years if ever before bank can consider capital distributions
1) The Irish software house and services will help to tie in business customers. They are #1 for Business. 2) Barclays have settled with US Justice for $2B. RBS next. Share price can go up and Capital can be returned to holders.
RBS shrewd ? Think you meant screwed.
RBS are in dire need of updating their own digital banking operations and innovative technolgies,10,000 RBS business customers already use this companies accounting software. Could turn out to be a shrewd acquisition by the Bank.
This deal is a big improvement on the fantastic bargain they got with ABN Amro ! Then they paid three times book value but this time only 89%. Suspect the result will be the same - another complete waste of money.
Paid £53 million for FREE!!! Can’t make a decent deal to save their lives this comkant just throws money away money they don’t even have!! Hilarious wouldn’t buy the stock if it was at a 30% discount
Surprised that RBS have bought an accounting software company. Looks like a good idea but at a 84% premium ?! From RNS today : "Royal Bank of Scotland PLC said on Tuesday it has agreed to acquire accounting software firm FreeAgent Holdings PLC at 120p per share in cash, valuing the company at GBP53 million. Shares in FreeAgent were up 84% at 118.80p following the news, while RBS was up 1.2% at 261.70p".
Expect London Market to remain subdued this morning until Wall Street opens later. Could be in for a volatile trading session this afternoon. Another fine mess you have gotten us into Donald Trump.
Dail Mail �Fraudster� who led fight against the bank could walk off with millions:RBS and the bizarre case of �200m action group deal http://www.dailymail.co.uk/money/news/article-5458423/RBS-bizarre-case-200m-action-group-deal.html
ollieber, Investors are becoming increasingly nervous, red lights are now flashing. Stockmarkets and asset prices around the world are overvalued after being fuelled by unsustainable cheap Central Bank money and are now currently entrenched in a false manipulated market bubble, financial markets have been acting in an irrational manner for far to long now. Traders on both sides of the pond are now beginning to price in the inevitable sharp Wall Street led correction in share prices which will help return equity markets to some form of recognisable economic normality.
2% down already today, down 8% from just the start of the month. Where will this end?