The shares you are refering to were probably purchased by FSTE100 tracker Funds. I regularly invest these in Funds. They are an excellent choice of investment especially if you are a risk averse type of investor, they can also be quite profitable. Worth looking into The RBS share price at the moment is absurdly low (30P Pre Consolidation Price) partly due to the unknown final bill for the litigation issues. George Osbornes ill thought decision and now U-turn on his decsion to begin the sell off, of RBS shares to the private sector before the bank had fully recoverd. and the fact that the UK banking sector is currently and cleary out of of favour by both private and institutional investors alike. Until then RBS will carry on quitetly building up its Capital postion. In 2016 i believe investors will finally at long last see real postive progress on both the litigation issues and the share price after so many false dawns in the past.
Wouldn't object to a nice slow uptrend , still a few skeletons rattling about that need to be attended to , some that could have a significant effect on the SP . ......fingers crossed it won't be too bad . ATB
Aye, 5.4 % ,, but they weren't bought by a bloke , lol. ......they were sold on the open market but to a number of institutions who most probably will be holding them as longish term investments , so although as you say the price has dropped a fair bit , they may not be all that bothered.
Hi mate , no disrespect but I think you may have misread those figures . At present HMG hold about 73% of the issued shares , these aren't being traded. That leaves just over 3 billion that are . 600 million would be around 20% of traded shares , can't see anyone holding that amount .
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