Reasons: RBS just under year highs. Both banks rarely consolidates gains, face more litigation & others issues ahead, including stronger UK stress tests & increased capital ratios. Target on RBS: circa 20 pts. Tight stop on RBS at 382.50. Target on BARC, circa 15 pts. No stop on latter. GLA, long or short.
Good 12p rise at today's open... Now only 6p rise .. Now the possible drop to sub 350p.. If the past is to repeat it self.. .. Again with another chance to buy again GLA
You are probably right but the Bank is a huge organisation and will find ways of going forward, increasing its turnover and profits. That is what it is designed to do, I am sure it will achieve great figures in years to come. New technologies and initiatives will be introduced.
Good post .. And well explained.. One issue I have is that banks have different regulations imposed on them now and also more competition ... Lower affordable mortgages for many Mr average are now gone ... As house price increases means the size of the mortgage loan in too much... This may well restrict the ability for RBS to reach the heights of the past .. We will see...
I first bought at 19p (190 in today's format) after the crash, the price went up quite quickly and I convinced myself to buy more and more. The most I paid was 48p, and ended up with over 40,000 shares and an average below 40p. Soon after that the price reached 57p. That is when I should have sold but the expectation was that, with the Govt support, the Bank would recover to somewhere near where it had been a few months previously, ie: £5-£6. But that didn't happen, instead the SP dropped back through the 40p-50p range and back into 30p-40p, then 20p-30p. Then it was revised x10 and, as mailman tells you, it has hovered between 270p and 370p ever since. I eventually sold in January this year showing a little over £4K profit and glad to have it. Five years wasted. You can read back my posts from this year to see what I have done with the funds released. Right now I am out of RBS but I keep a close eye on it. If it shows one of mailman's 'drops' and I have a share showing good profit I will sell that share and buy RBS to wait for mailman's 3+% though I have to say I look for a bit more. The long term is another matter and to my mind is related to the general election. I believe the Govt will seek to announce the sale of its shares to coincide with the election or soon after. That will change the whole complexion of RBS share dealing. This view is not shared by everyone on here, some think it will be several more years before it reaches £5-£6. That will represent a 50% gain on a buy price of £3.50-£4.00 which is good if only a year or two. Operating as mailman does allows one to keep in touch with the best long term prospect while making a regular gain. It works best the bigger your investment. Good luck!
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