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Share Views: Mike van Dulken on today's Company Results and Macro considerations


RBS Share Chat (RBS)



Share Price: 251.30Bid: 251.30Ask: 251.40Change: -1.00 (-0.40%)Faller - Royal Bank Scot
Spread: 0.10Spread as %: 0.04%Open: 250.30High: 252.90Low: 249.50Yesterday’s Close: 252.30


Share Discussion for RBS


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ShareSocUK
Posts: 5
Off Topic
Opinion:No Opinion
Price:252.10
RBS Shareholder Event July 31st
Today 14:35
Take a look at our '31st July RBS shareholder event' blog post by director Cliff Weight following our shareholder committee campaign. https://www.sharesoc.org/blog/rbs-shareholder-event-31-july/
 
mailman
Posts: 2,344
Off Topic
Opinion:No Opinion
Price:252.30
RBS
Wed 23:56
Sadly we have been saying ...Hopefully about so many things, for so many years, as many well know I take the view now that it is better not to assume anything and one will be far less disappointed..
honestbob
Posts: 1,147
Off Topic
Opinion:No Opinion
Price:252.20
stakis
Wed 11:15
I have few shares and hope you are right .

But I have learnt never to under estimate RBS ability to produce yet another skeleton from a cupboard !

Is about 8 years after Goodwin it is time now all problems were identified costed and sorted - hopefully they have been
Stakis
Posts: 2
Off Topic
Opinion:No Opinion
Price:250.00
Hello all
Tue 10:53
First time poster here - been a regular reader of this site for many years and used to work for RBS before taking VR earlier this year after 35 years. Always enjoy reading the posts - many are very informative whilst some are just wind up merchants.

Like many I lost a pretty packet in the crash of 2008 although managed to average down to about £3.90 buying low and mostly holding. Since leaving RBS I've stuck to short term trades buying low and selling high (I wish! - never managed to achieve that but nevertheless not doing too badly). Problem is there has not been much movement over the last few weeks so limited opportunities of late. I try to follow the wise words of Mailman - not to be too greedy, be patient and when you see a reasonable profit - bank it! (Whatever happened to Mailman?)

Finally for now re doubling in the next few years ...... Lennymac (another wise head!) I agree with Ezikiel. Within the next 12 months I would expect the RMBS fine to be sorted with the US - although not fully provided for, I do believe this has been mostly factored into the share price. We should also see the deal re W&G being agreed. Following this, the Government could begin to sell their stake, dividends could be payable, making this share attractive to pension funds and income seeking investors.

Appreciate there's a few "coulds" above - I've been around long enough to see many false dawns but I remain a glass half full type of guy and am optimistic for the future of this share. Good luck all.
Stakis
Posts: 2
Off Topic
Opinion:No Opinion
Price:249.80
Hello all
Tue 10:52
First time poster here - been a regular reader of this site for many years and used to work for RBS before taking VR earlier this year after 35 years. Always enjoy reading the posts - many are very informative whilst some are just wind up merchants.

Like many I lost a pretty packet in the crash of 2008 although managed to average down to about £3.90 buying low and mostly holding. Since leaving RBS I've stuck to short term trades buying low and selling high (I wish! - never managed to achieve that but nevertheless not doing too badly). Problem is there has not been much movement over the last few weeks so limited opportunities of late. I try to follow the wise words of Mailman - not to be too greedy, be patient and when you see a reasonable profit - bank it! (Whatever happened to Mailman?)

Finally for now re doubling in the next few years ...... Lennymac (another wise head!) I agree with Ezikiel. Within the next 12 months I would expect the RMBS fine to be sorted with the US - although not fully provided for, I do believe this has been mostly factored into the share price. We should also see the deal re W&G being agreed. Following this, the Government could begin to sell their stake, dividends could be payable, making this share attractive to pension funds and income seeking investors.

Appreciate there's a few "coulds" above - I've been around long enough to see many false dawns but I remain a glass half full type of guy and am optimistic for the future of this share. Good luck all.
LennyMac
Posts: 703
Off Topic
Opinion:No Opinion
Price:246.60
Ezikiel
Sun 21:48
This share has none of the makings of doubling in the next few years. None. Why don't you give us the great benefit of your wisdom and experience and explain how the sp might rise so dramatically and why?
ezikielgittoes
Posts: 43
Off Topic
Opinion:No Opinion
Price:246.60
Only way is up
Sat 09:32
The worse is over, so it is time to stop whinging about Fred and what happened ten years and more ago. This is an opportunity now to make some serious money. Share price has all the makings of doubling in next few years, maybe less.
honestbob
Posts: 1,147
Off Topic
Opinion:No Opinion
Price:251.50
how the bank went bust
18 Jul '17
If anyone interested a google search on - Royal Bank of Scotland investigation: the full story of how the 'world's biggest bank' went bust - brings up a very readable version of the events

It is clear that Goodwin with little experience of banking was largely out of his depth

There was a highly paid board of directors who should have seen this

Similarly very senior figures in the bank ought to have seen some of his ideas were dangerous , but did not speak out .

I think Steven Hester quickly got a real grasp on the problem and could have pulled off a turn around sadly he was replaced
LennyMac
Posts: 703
Off Topic
Opinion:No Opinion
Price:252.60
Henry
17 Jul '17
Fred Goodwin was a disaster. Him and his cabal of sheisters and crooks should have been strung up for the morass into which their hubris and poor judgement placed the whole economy, not just the bank. It has been a decade since RBS shares were worth anything and to be honest, it might have been a better idea to have simply junked RBS and sold the lot off. It is a bit rich (pardon the pun) to say that RBS has 'been forced into throwing away billions selling assets far too cheap' when the bank was (and has been ever since) in desperate hock to the government in 2008. I'd say that having to flog off assets is the very least that could be done, at whatever price, in return for not breaking the bank up.
Honesthenry
Posts: 85
Off Topic
Opinion:No Opinion
Price:252.40
Love this board
16 Jul '17
Because unlike Lloyds 100 posts about Brexit to the Tory Party and dear old Jeremy we only have the occasional poster going on about how we done bad lol.
The reality is dear old Fred the Shred wasn't that bad and we have been forced into throwing away billions selling assets far too cheap.
Oh dear not yo worry surely Ross the Boss will come good when the Intrim results are announced.




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