Aye , has been a disappointing year , especially compared to 2014 . Long term trend still up , more or less ,and I agree about future prospects but it aint half taking it's time .Been posting the same thing for a few years now , lol.
The share price just managed to stay above the 300P level at close of trade today. I expect all the major Banks with the possible exception Barclays who have capital requirment issues to scrape through the latest Stress Tests when the results are published tomorrow. The RBS share price has been very disappointing all year, after the promising start we saw at the beginning of the year, the current share price bears no relation to where RBS is currently at in the recovery curve at the present moment. However i am still very confident for the future prospects of this Bank .
You know what they say about picking bottoms .Be interesting to see if support holds or whether the stress test or global issues will push it below , have to admit I didn't expect to see the SP at this level this year but que , sera , sera I suppose .
To be quite honest i dont know where the bottom is with this share at the moment. Good price for new entrants and exsisting shareholders topping up who have the funds available to do this, unfortunately bad news for the rest. may be a small drop tomorrow with Banking Sector stress testing results due out on tuesday.
Yes Jings i understand what you meant. With Osborne implementing this report. it is a major factor in 25% fall in the share price we have seen this year leaving the Bank grossly undervalued. Although all UK bank stocks are well down this year this should not be the case for RBS who are supposed to be in recovery mode and at this stage of the recovery RBS should still be around the 375P- 400P. You are right the City boys did do alright out of the report. Probably purchase a further tranch this week if share price falls below 300P.
I'd have taken a bet that you were familiar with it ..... My post was meant to be sarcastic .The report gave Osborne the excuse to make what I have always considered ,another bad decision and not one that was in the best interest of the taxpayers . City boys did alright out of it ,nothing new there .
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