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mailman..Very nice 1352 post. As you say, we never get to meet posters but…...the family would like to have a week in Great Yarmouth at the beginning of September and I'd love to call in to meet you and you could meet the wider family. Uncle Sid can get 'leave' but will be electronically tagged. Mavis,one of the sister-in (or should that be out) laws... will close her scrupulously-run 'house of comfort', for the week ,everyone needs a break.,.nephew Dave is very knowledgeable about share dealing but the court imposed an order that he's not to give advice anymore another younger nephew, Peter, should be ok by then as they say withdrawal takes about a month helped by the methadone. Brother-in-law Neil is on bail with conditions but they can be changed..promised us he had nothing to do with the immigrants on his boat and was just rescuing them. The £25,000 tucked away in the cabin was just in case of an emergency, in case they drifted to the french coast. We have two dogs - a rescued rottweiler but he's ok, a bit misunderstood really but once he takes to you, he's fine ,a Staffy seized from some travellers and a loveable Boa Constrictor we call Hissy that hates being home alone although it can live for a week without food and loves a hug. Do you think you'll be around then ?..Lol.
Cliff..In the the US they have a term for that sort of wonderment..It's.. 'go figure'. It's why if you wait and buy in low enough you can keep making small but decent amounts on the rises.
Here we go again? My sincere apologies. I didn't realise I was one of many. All the best with that then.
Can anyone explain total gloom on every front, But 6.50 rise Who is playing with who.
Time for the tablets..Apologies. That should have read..RBS not Lloyds. Oh, here's matron to take me back.. got to go..Lol
I was reading an article on Lloyds over the weekend and whilst most of it was pretty grim there were shafts of light . Underlying profits up 2% at 1.04 billion pounds. (pound sign doesn't work does it..Ugh) Lending in commercial banking was up 8% and personal and business banking up 12%. Tier1 capital ratio at 14.5%..lower than expected but no cause for concern. The latest EU Banking Stress test ion a hypothetical downturn or rout had it at 8.08% but that's well above the 4.5% considered acceptable. Under Fred Goodwin's tenancy his global ambitions had RBS in 54 countries- pursuing a radical downsizing strategy today it's in 13.and 90% of it's revenues come from the UK and Ireland..rider of course is that reliance on the domestic economy could be a negative at the moment. Despite the gloom I see it's up 4.20p as I post.
Here we go again! You not only betray yourself, but you mock yourself by kidding yourself and others that you are on target, and trying to insinuate some emotional or psychosis that is motivating my posts. I saw some of your past posts, full of a wide eyed conviction that RBS would hit 300p by October. Is that still your view? This, and other boards, cry out for a counterpoint to the dreamy prognostications of stakeholders who will not face reality - that this company is hobbled. Past CEOs (we all know who that arrant swine were) hobbled it, and the counry too. That's is whom you should be directing your angst, and while your at it, you would be advised not only to desist from looking in the rear view mirror when you invest, but look in the mirror at yourself, becuase success starts with that. And from what I can see, you have a long road to travel, full of rue and dissapointment. - As a corollary, people mocked me becasue they were wrong, afraid to be proved wrong, and resorted to these puerile slurs and diatribes because their confidence as 'investors' took a hit, and they subconsciously thrash out at anyone bearing truisms, or hitt out ay any mirror they may be forced to look into. Confronting your failure is not an easy game, especially when there is cash on the line. That's your story, and losses and errors will hit your confidence hard, you begin to doubt everythng you imagined, and you keep tripping up. That's where the mocking orginates, and that's where you're coming from. By trying to belittle me you are engaging in a self-conflicted effort to stem the blows to your own confidence by hitting out at me, and subverting your own conflicted self on me. I am a far, far better psychologist than you, and you can never beat me at that game. - Allow me to reiterate to those who peruse these posts: I am not invested here on in Tesco. I have repeated shorted Tesco but have no position at present. I have a rough idea (only my idea) of where the share price of RBS will move to, at which point I will take a (short-term) position. But my main hope is that people do take a hard, cold look at companies, those running companies, trends, and speculators antics when taking a stake here or elsewhere. Good trading.
The point of my post was that you seemed to be offended by the optimism on this board and the range of positive comment here, which is apparently at odds with your own view on the bank, but your offence misses the point. I agree entirely that the purpose of these boards is ‘to thrash every angle, opinion, view and analysis that those voluntarily submit’ but part of that discussion is the optimism of long- term holders here, surely? You say that the boards are ‘dominated by those who have stakes, and resent anyone saying anything to the contrary’ and yet the only resentment in any of the last hundred or so posts on here is your own; real, seething resentment. You are wrong to say that I believe that the board ‘should be solely for those who own stock and thus you will never rubbish it’ and nothing in my post (or posting history) implies that at all. However, it is clear that I’ve hit a nerve and that your stream- of- consciousness vitriol is probably a broader issue for you personally than simply an evident overreaction to my post. The fact that you have pointed out on here and on the TSCO board that you have been mocked or insulted or slighted by other posters is probably less a rejection of your views but most likely the way in which you have expressed them.
Having posted here for a few years... Many posters come and go... Some appear to know it all, and others do not appear to have a clue and ask many questions... This all makes many random points of discussion.... Some buy and hold and hope, while others buy on a big drop and sell on the next rise with any profit and get out quick... and anything else you want to mention.. Sometimes the posters talk about non RBS which recharges the thought batteries and creates a loose friendship bond amongst a few of us on this board. Being too serious and to go over the top and to criticize to harshly other posters posts is not really a route that I go down ... simple discussion to make a point is interesting and can inform people ..... talking about other shares being a good thing or whatever is not a great interest to me as I only deal in RBS,.... others have other thoughts and dealings ...and I except that fact.. Most people know the score and some small investors I would say read these post sites and learn before considering any venture into share dealing ..I know I did years ago... It is all good fun and a learning curve and the more you know does not always ensure you will always gain a profit... we all make mistakes ..or if it was that easy we could all retire in 5 years time.... A little banter over the past few years has gained myself knowledge and many chats with several people on this site, that I do not really know or will ever see... but I like to think they RBS posting friends ... and help each other on many thoughts and questions posted... and with many off subject postings which can be fun and interesting... a good mixture when things get really going.. as some well know... like some personal experiences.. ... While I at it , I would like to take this opportunity to thank many of you posters for the past few years of Banter and discussion ... and long may it all continue in the same friendly way.. ATB ..All .. and KEEP SMILING .....The weather is cloudy, breezy and warm Near Great Yarmouth..
What is the purpose of these boards? To post gleaning tributes to companies that people own shares in, have gone long and so they 'must rise' solely on account that you have invested here? No. They are discussion boards to thrash every angle, opinion, view and analysis that those voluntarily submit. In your purview, they should be solely for those who own stock and thus you will never rubbish it because, through superstition or otherwise, you want only positive points, especially if you are hooked in at a higher buy price than the current one. - Looked at in the rear view mirror, Tesco stock is a tremendous buy. But, buy, buy. Go look at the current posts of disillusioned investors who have baled out. Newbies buy in because they look in the rear view mirror, and read positive-only posts from people promoting it because they own stock. Recall the Yellow Pages fiasco when, looked at in the rear view mirror, and the price crashed through the rights issues level, people invested tens of thousands because 'This is Yellow Pages, and everyone uses Yellow Pages.' I recall people lost so much, even their life's savings, because they are investors looking in the rear view mirror. Well, I am long past that game. I now look at trends. And the trends inform me that Tesco will continue to shrink, RBS is lumbered with so much bad debt, litigation, and other issues and moreover banking has changed by online models and platforms, and its hobbled by low interest rate environment. People, especially newbies, who see their savings stagnate, peer at the stock market and wonder if it is not better to take their cash savings and put it into the 'rear view no-brainer investments, like Tesco, like RBS, like Barcs etc...' What a lot of these boards lack is balance. They are dominated by those who have stakes, and resent anyone saying anything to the contrary.. I put things in language that is sometimes direct, sometimes more subtle. But is is my fervent intention that new 'investors' not be blinded by staring into the rear view mirror, and take what interested stakeholders in companies have to say with a large dollop of salt. Ergo - I bet you wish you had not purchased RBS stock, and you look pretty stuck to me, and you may end up taking a loss. Well, some of us learn the hard way, as did I, burned because I looked in the rear view mirror and took notice of people like you. And I never forget hard lessons. If you wish to help yourself and others, stop looking in the rear view mirror.
Opened up a RBS account a while ago and they paid me £150. Then now pay me 5% interest on £2000. Every little helps!
While points in some of your posts are valid, here and on other boards, you need to remember what this forum is: a board for investors with common interests to discuss whatever they feel about the company and its prospects. You might say that '''investors' here wax lyrical on the prospects of this share" but you seem entirely ignorant to the idea that this is a website comprising message boards! The irony of your conceit that 'investors' should deign to come on to the website and discuss the company in which they are invested seems lost on you. Your posts, certainly on here and TSCO, imply a thin skin and a brittleness of temperament, possibly because behaviour like applying inverted commas to 'investor' to describe posters implies the poor attitude you appear to have to other visitors to these boards. Ergo, it is no surprise that you are 'mocked' (your word) on here and on TSCO; the tenor of your language is arrogant and hubristic and funnily enough, people don't appreciate it. Try looking at this company from the perspective of the other regular posters and, even if you don't agree with the optimism, recognise that some of us have little else to underpin our discussions. Otherwise, do us all a favour and post on other boards.
Looks like 186p. This chart loves to fill the gaps.
Just a 2 billion loss? 9th consecutive year loss in a row. That figure you are thinking of doesn't have a zero in it and finishes with a 0?
186, or 167
Lol..what do you read for something serious then,if that was light ? They must have more ongoing litigation than any other bank. The US and the shareholders here re. The 12 billion Rights issue. I can't recall whether this was something I heard in the radio or read it but it seems that a person can have a psychopathic disposition but don't murder which us what the vast majority of people think when told thst a murderer was psychopathic. Turns out that people like Fred the Shred and more so Dick Fuld of Lehmans are in that category. A complete disregard for others no matter what. Another light read..lol. http://www.businessinsider.com/wall-street-psychopaths-2012-2?IR=T Seems Investment banks were seeking financial psychopaths to employ http://www.independent.co.uk/news/business/comment/brian-basham-beware-corporate-psychopaths-they-are-still-occupying-positions-of-power-6282502.html
The writing was on the wall, it has been written on the wall for many years past, yet 'investors' here wax lyrical on the prospects of this share (they look at the share price, not the bank per se). I was mocked for my earlier post, and then further ridiculed for stating the obvious - that some investors here will only open their eyes to the bright side, and when there is no bright side, then closed their eyes and imagine one. It is anyone's guess where the price of the stock will eventually settle. I have a number in mind, but I'll keep it to myself. Open your eyes and make your own informed deductions. Sometimes, the only way to learn is the hard way. Good trading.
When I think of my one and only incident with RBS, I invited them to loan me £35K for a month to let me buy a small business, I needed the month to sell another property, and they refused. The Bank next door was instant in its approval. I subsequently sold the new business some years later for over £400K. Kind of confirms the RBS management skill level we are witnessing today. Sack the lot of them! Schoolkids could do a better job.
For those that are interested ... a bit of light reading.. http://www.heraldscotland.com/business/company_news/14666194.Share_price_shock_as_RBS_pays_for_past_misconduct/
And cut the losses --- call in the administrators --- share holders would and rightly should get nothing for being silly enough to own shares here. The government should then pay back all the money taken from the tax payer . This bank is toxic -- just saying it like it is.
Putting it in that form it looks horrendous. In The bail out was more than double the 20.5 billion paid out to save Lloyds. The litigation scene still looks horrendous too. You have to wonder why anyone would want to head it up. How bad does it have to get before the plug is pulled. Is there anything good that can be said ? I heard an analyst say,about 2 months ago that at the heart of RBS is a diamond. I don't think HMG (Aka the taxpayer) will ever get it's money back along with those invested at the time of the collapse. In March 2007 they were 600p today the equivalent of 17p. I wonder how many still hold those shares they paid 600p for ? Then there was the consolidation. I expect they bailed out and took the loss but often people will think it will get sorted eventually and hold on but didn't envisage that eventually wouldn't have come even 8 years later. What is amazing is that those,like mailman who buy/sell the swings at the current levels are making decent money. It's not at all a fair world,is it.
RBS Has since 2007: Lost £50 bln Share price Has droped -95% Taxpayer bailout was £45 bln Jobs cut 44,200 (134,000 if incl. ABN Amro acquisition in 2007) And How will we do with outstanding litigation cost and now with low bank rates ....
Nice one HSBC though. You're not all bad then.
Its going sub-zero....ice age style. Banks old school profits wiped out by zero interest and now regulators watching their slight of hand pick pocketing routines. http://www.dailymail.co.uk/news/article-3725672/Dark-days-ahead-savers-banks-roll-Mark-Carney-s-cut-rates-amid-warnings-drop-zero.html
Feels like a rout ... Results look foul ... Price is low (ish) ... Possibly just a heavy back test ???