If your going to pay for professional advice , might as well take it . Lol Rothschild’s recommendation There is currently limited trading in RBS shares and its shareholder register is very concentrated by the standards of similar-sized companies. In part as a result of this, it would at present be challenging to make substantial sales of RBS shares that were material in the context of the government’s overall shareholding, other than at disadvantageous pricing. As a result, we believe that it would be in the interest of taxpayers for the government to set in train an initial small disposal of RBS shares. By increasing the free float now, the government will improve the marketability of the remainder of its shareholding, enabling it in future once the bank and the share price has fully recovered to execute larger sales on better terms than would otherwise have been the case. We believe that sending a strong signal that RBS is on the road to normality may also bring further benefits to the bank and to the government as a shareholder. We believe that the current price of RBS shares reasonably reflects the prospects for future recovery and the risks associated with this being achieved. We do not believe that there are any other reasons that would preclude a share sale in the short term or render it poor value for money for the taxpayer. Given the current limited market for RBS shares, any sales in the short term would need to be carefully calibrated by reference to the depth of the market and the current size of RBS’s free float and with a clear objective of maintaining an orderly aftermarket following any transaction.
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.
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