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James Bevan on cybersecurity, banks and the housing market


Royal Bank of Scotland Share Chat (RBS)



Share Price: 269.60Bid: 269.60Ask: 269.70Change: 4.70 (+1.77%)Riser - Royal Bank Scot
Spread: 0.10Spread as %: 0.04%Open: 265.40High: 269.70Low: 264.80Yesterday’s Close: 264.90


Share Discussion for Royal Bank of Scotland


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M1k3y
Posts: 1,299
Answer
Opinion:No Opinion
Price:269.30
RBS
Today 12:24
Have you tried contacting the RBS registrar Santa2 ?
 
Santa2
Posts: 6
Off Topic
Opinion:No Opinion
Price:269.60
RBS
Today 12:05
I bought shares when RBS was trying to raise these funds, I did not register with any action groups - big mistake. This was some 10 years ago and I am unable to find any paperwork and NatWest says they can only get hold of statements going back 7 years. Any suggestions?
M1k3y
Posts: 1,299
Research
Opinion:No Opinion
Price:269.10
Update
Today 11:15
The Guardian
https://www.theguardian.com/business/2017/may/24/high-court-rbs-royal-bank-of-scotland-fred-goodwin
"Asked by Hildyard what the impediments to a deal were, Nash said the shareholder group was not able to contact all its members. There were a “small number of shareholders whose current address does not appear to be correct”, he added".

I find this very odd ?
M1k3y
Posts: 1,299
Research
Opinion:No Opinion
Price:269.10
further delay
Today 11:01
M1k3y
Posts: 1,299
Answer
Opinion:No Opinion
Price:267.00
RE: Jiffy
Today 09:03
Hi paul30661
I have sent several e-mails asking for information but received no replies.
BBC is reporting ;
http://www.bbc.co.uk/news/business-40026054
"The majority of shareholders have agreed to accept the deal. However, groups representing some of the smaller claims are thought to be keen to fight the case, which would involve seeing disgraced former boss Fred Goodwin give evidence on his role in the bank's near-collapse."

I have no idea how this is possible, when there are claimants that have not been contacted by the Action Group , or it's solicitors, to find out whether any offer would be acceptable ?
paul30661
Posts: 14
Off Topic
Opinion:No Opinion
Price:266.80
RE: Jiffy
Today 08:28
In my opinion going through with the court case is a waste of breath and a waste of money. As anyone with experience knows, justice is not always served correctly by the courts so there is a very real risk that shareholders who lost out first time around could lose out again.

If individuals or groups of disgruntled shareholders wish to have a day in court with Mr Goodwin take him to court on your own, don't use my money or the money of the people who are underwriting the costs of the current case.

If those backers back out it would be interesting to see how many shareholders are willing to pay more money themselves just to get their day in court and a couple of headlines. I suspect the vast, vast majority would not.

For those members who wish to send communication to the shareholder group there is an email message service on the website. I sent one last week stating that I would much prefer a settlement rather than continue to court.
JiffyBag
Posts: 497
Off Topic
Opinion:No Opinion
Price:264.90
RE: Jiffy
Tue 21:16
@ TN, Very true, I want justice at the end of the day. Ideally I would like to see it go to court and see what really went on behind the scenes un be known to shareholders. Was I it simply a gamble that failed or was it pure negligence, I think it was the latter.
TrickyNic
Posts: 1,236
Off Topic
Opinion:No Opinion
Price:264.90
RE: Jiffy
Tue 20:04
Could have been Barclays in this same mess had RBS not out bid then for ABN...
JiffyBag
Posts: 497
Off Topic
Opinion:No Opinion
Price:264.90
RE: Jiffy
Tue 19:22
Thanks M1

I agree, IMO all shareholders who were duped by the RBS BOD re theSBN Avro fiasco should I believe be entitled to compensation irrespective of whether the matter has been partially settled out of court. Settling out of court by RBS validates that.
TrickyNic
Posts: 1,236
Off Topic
Opinion:No Opinion
Price:264.90
I Was
Tue 19:11
The Customer Account Manager for RBS through RR Donneley for two years, visited both offices numerous times. RBS spent millions on posting their crap letters out, all went 1st class standard tariff, took me two years to try and persuade them that we could sort the mail into streams and the few next day delivery letters they had could still be delivered 1st class. They had to get sign off from all the different stake holders, Lombard, Natwest, Direct line, Coutts, etc, etc they wasted so much money




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