Hi Scfc, Nice to see Hexy & maybe a few others from North Staffs area. I'm a few years older than you so can just remember Waddo's great side with Hudson, Greenhoff, Ritchie, et al. Vaguest memories of my first ever match as an infant (bar the huge thrill one never forgets!) seeing us beat Palace 2-0 circa '72.
Agree re RBS's consolidation. A Hester trick as he did same at RSA. It adds no tangible value for investors, bar trying to give a stock's SP more stability as RBS used to swing wildly from 30+ to 50+ in the space of days. Percentage-wise, huge volatility
As for relative caps: I see your point. FWIW, RBS's NAV remains quite high, a legacy of the fact that once it was the world's largest bank by assets. Though it's sold off a lot of assets, it still remains asset-rich. Latter often seen as a decent L/T safety-net, even when a stock has many challenges outstanding. - ATB! Catch up later.
Blimey, that's 3 of us now...clearly Barclays and SCFC go hand in hand! Yes, great to get a good win after c2 weeks of pain...I'm hoping to see a common link between Barcs and Stoke's performance from now on. Say £2.50+ and CL football here we come eh! ;-) PS. jack, I wasn't referring to the (absolute) SP as such, just the relative MVs where we are now valued at c£26.4bn but RBS are amazingly over £27bn; I also never really saw the point of the RBS "reverse stock split", just a psychological thing I guess...Lloyds are of course valued much higher than both banks even though they're now trading at under 60p. Out of interest, how old are you jack? I'm mid 40s so not much of a memory of us in the top division whilst growing up - no memory of the "Waddo days". How about you? Sadly Richie Barker is one of the early managers I remember!!! ATB, Scfc
Hi Scfc, Agreed. It's been quite a revolution since Mark Hughes became manager. Exceptional quality throughout. I think MH won't be truly satisfied until some of our players are back playing CL again, but with Stoke. Hence signings like Imbula, Shaqiri & Bojan. This isn't a side just to continue top 10 finishes only, impressive as that is.
Agree re RBS. Still a bag of woe. If not for former CEO Hester's usual trick of a 10 share for 1 consolidation, it'd be barely 23p. - RBS with 11.57bn shares in market v BARC's 16.81bn accounts for some SP differential, but not all.
BARC looks well oversold on sentiment. Mostly global factors, but also a few analysts fanning fears about more fund-raising needed & divi cuts. But once calm & rationality is restored, more buyers will return.
That said, I still have varying targets. Much higher for my real shares (174+, 204+ & 223+), lower for my leveraged longs (181+ & 191+). I may dump both leveraged longs at circa 210, or lower, as I don't trust this market.
Any recovery may be further undermined by more global factors & uncertainties here about EU referendum outcome. - Regards.
Unfortunately the MoS article appears even less reliable, referring to an increased divi for RBS as well...as I understood a divi has been ruled out until 2017 at the earliest...by the bank itself. I think RBS will have had 8 loss making years on the bounce but last week was valued by the market above Barcs! GLA, Scfc
Yep jack, agreed, and SCFC team is becoming ridiculous, with more CL winners than Arsenal, Liverpool and City combined as per MOTD...that's almost as ridiculous as RBS being valued more than Barcs! ATB, Scfc
Agreed JEM, the SP seems to have priced in a dividend fall...hopefully like the Rolls Royce scenario. So we need ok(ish) results, a 3.5p final dividend, an end to the RI rumours and a positive strategy for the business and the ring-fencing and upwards we go! Simple eh ;-) Scfc
Just read the Telegraph article. The 6.5p full year divi is just the view of of Ian Gordon of Investec - the analyst who downgraded Barcs last year and the market listened! Tbf, that's my view too of a 3.5p final divi but it isn't quite the same as "a source close to..." which tends to be more reliable. Lloyds is referred to as 2.25p dividend (so that would equate to a 1.5p year end divi after the 0.75 interim payment last year). All positive nevertheless and the BoE do seem likely to give the green light to the divis proposed. ATB, Scfc
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