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Resources analyst Charlie Long sees good times ahead for uranium Watch here

Resources analyst Charlie Long sees good times ahead for uranium


Royal Bank of Scotland Share Chat (RBS)



Share Price: 261.60Bid: 261.40Ask: 261.60Change: 0.00 (0.00%)No Movement on Royal Bank Scot
Spread: 0.20Spread as %: 0.08%Open: 266.20High: 0.00Low: 0.00Yesterday’s Close: 261.60


Share Discussion for Royal Bank of Scotland


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M1k3y
Posts: 1,329
Answer
Opinion:No Opinion
Price:261.60
RE: Re: costs
Today 20:14
What drivel ?
Not trying to talk up any SP just quoting articles in newspapers ?
 
tiltingatwindmil
Posts: 24
Off Topic
Opinion:No Opinion
Price:261.60
RE: Re: costs
Today 19:38
Where did you get that drivel. Just trying to talk up the share price - are you employed by RBS??
M1k3y
Posts: 1,329
Research
Opinion:No Opinion
Price:261.60
Re: costs
Today 14:32
The article also says
"Four other separate groups of shareholders settled with RBS in December at 41.2p a share in December. It is thought that the cut taken by the organisers of those claimants was smaller than what the action group’s advisers will receive."
M1k3y
Posts: 1,329
Research
Opinion:No Opinion
Price:261.60
costs
Today 14:31
The Telegraph
"In a twist however, the action group revealed that its lawyers, funders and other advisers are to take between 40pc and 45pc of the proceeds from the settlement, meaning the investors themselves will receive rather less than what RBS is offering."
http://www.telegraph.co.uk/business/2017/05/29/rbs-set-avoid-trial-12bn-crisis-era-rights-issue/
M1k3y
Posts: 1,329
Research
Opinion:No Opinion
Price:261.60
costs ?
Sun 15:55
According to the Judgement of the 9th March 2017
http://www.rbosaction.org/judgement.pdf
"The Claimants’ costs so far exceed some £20 million (exclusive of VAT), though an element of this amount is subject to CFA arrangements and not all amounts have yet been billed to the Claimants"
M1k3y
Posts: 1,329
Answer
Opinion:No Opinion
Price:261.60
RE: RE: Settlement
Sun 13:27
Hi paul
I expect that the legal expenses cover , would be in the event that the claimants lost, yet still had to pay not only their own legal costs but potentially that of RBS.
I find the 40% - 45% figure concerning and have not had sight of any contract that exists between the RBoS AG and claimants.
Obviously, legal costs will have to be paid but given that the claim has now been settled, the costs would only be to date and not have to include the cost of proceeding with the claim.
Therefore they will be much reduced.
It seems a bit late in the day to advise claimants that they will be losing such a large percentage of the settlement figure by way of RBoS AG Limited deductions .
Seems odd to me , to advise claimants after agreeing a settlement how much it is going to cost them, normally this is agreed before proceeding with a claim ?
Lastly , I am surprised that RBS were not asked to cover claimant costs in the settlement agreement ?
Who exactly is the 40% - 45% going to ?
paul30661
Posts: 18
Observation
Opinion:No Opinion
Price:261.60
RE: RE: Settlement
Sun 12:46
I'm slightly confused.
If this last group (of which I am a member) gets twice the settlement figure of the other groups but still only receives just over 50% of the settlement, that implies that the other groups either had far, far cheaper costs, or ended up with nothing?
I thought that we had legal expenses cover, but presumably from my reading of the email from the group the settlement of those is not on top of the settlement sum, they are included within the settlement.

For my part I paid the first, and I think second, request for funds, but I stopped after that as I felt that the communication and set up of the group was becoming more and more mickey mouse and like others on here was conscious of throwing away more money.
M1k3y
Posts: 1,329
Answer
Opinion:No Opinion
Price:261.60
RE: Settlement
Sun 10:22
I think you could bank on thousands per individual if you were thinking of trying to progress another class action claim.
This claim has run into millions in costs and given that the group are now suggesting taking 40% - 45% of the settlement figure , it would seem that costs are in the tens of millions , which seems excessive I have to say.
As with all of these situations, cost depends on how many people are involved, what the chances of success are and which lawyers you use .
MrBubbles
Posts: 185
Off Topic
Opinion:No Opinion
Price:261.60
RE: RE: Settlement
Sun 10:20
M1k3y , answer the below question by my email if you prefer .
MrBubbles
Posts: 185
Off Topic
Opinion:No Opinion
Price:261.60
RE: RE: Settlement
Sun 10:17
Hi M1k3y , sorry , i meant how much have you paid in fees so far to the RBOS group personally ?

I only ask as should there be some alternative route , alternative group , for the latecomers to join & get some compensation i want to know how much approximately i am letting myself in for . As a latecomer all i have paid into the RBOS account is £500 .....

Cheers




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