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RBS Share Chat (RBS)



Share Price: 282.30Bid: 282.30Ask: 282.60Change: 0.00 (0.00%)No Movement on Royal Bank Scot
Spread: 0.30Spread as %: 0.11%Open: 281.60High: 286.20Low: 281.10Yesterday’s Close: 282.30


Share Discussion for RBS


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checkricky
Posts: 401
Off Topic
Opinion:No Opinion
Price:284.90
290p+ is the level
Fri 12:37
290+ is the level to look out for... I know we have had a good rise this year as we "rise above the 52 week high",
but rising off some very very bad Historic low's due to this Bexit, DOJ bill, W&G sell off, PPI, no Divi and RBS was in a major restructuring faze .... The Bexit fear was well over played as we all know now, but we still have to thrash out a lot to do with access to the European single market and the possibility of job losses that comes with any hard Bexit that's if we don't get a good deal I guess we can say PREPARE FOR THE WORST AND HOPE FOR THE BEST.... As for the DOJ bill I think RBS has set aside a good chunk of the amount who knows what the end figure will be give and take a few Billion pounds lol....W&G and PPI is a bit of settled dust now, and now that the bank is coming out of a major restructuring faze we may soon see some fat profits on the balance sheet and the Divi is in sight ..... Will be keeping one eye wide open on results day lol still happy with the progress in the share prise so far just hope we can get to the Gov sell off price soon and get them of the banks back ......so the Share price is flying with all this in mind .......
 
LennyMac
Posts: 708
Observation
Opinion:No Opinion
Price:284.70
Stakis
Fri 12:16
Yours is an interesting question. The media narrative around interest rates implies a rate increase in the near term, which must have bolstered the sp somewhat. However, a BOE decision to do so would require economic data that is a little more emphatic that what has been released recently (private debt is up; retail sales down; uncertainty over Brexit putting downward pressure on sterling, leading to inflation; wages growth is depressed and there are large numbers of people in relatively low- paid jobs). If the BOE decides to hold interest rates steady in November, the sp gains throughout October might be reversed. If I were a betting man, I'd say interest rates will remain steady into 2018. However, the fundamentals for RBS are improving; it is certainly in a better place now than in 2013-14,and at that time the sp oscillated over a range of 320- 370. In that respect, market psychology is perhaps as least as important as a rate increase for the prospects for sustaining/ improving the current sp.
Stakis
Posts: 6
Off Topic
Opinion:No Opinion
Price:283.90
Correction / profit-taking due??
Fri 10:38
The upward trend continues. No doubt helped by the outlook for interest rates and the massive headcount reduction this year (having been one of those that accepted VR earlier this year I know how savage these are - makes Fred the Shred look like an angel!).

Surely though given the massive increase in the share price there is likely to be a correction soon? I sold half my holding at just under 273, glad I kept half but thinking of offloading the rest now
honestbob
Posts: 1,167
Off Topic
Opinion:No Opinion
Price:271.90
glendo90
13 Oct '17
I think you are spot on - higher interest rates can have very significant effect

Bank makes large part of its gross profit from the difference between what it lends money out at and the rate it pays to depositers

Where it pays interest to depositers clearly that will rise .But a huge amount is held as credit balances on personal and business accounts where it pays nothing at all - so increase in rate is pure profit when those funds lent out .

One of the reasons for banks successes over in the past has been huge amounts of cash they have had deposited in current accounts , paid nothing on and then lent out .

Similarly that has caused problems last 6 years , because they became used to easy income from that source and then have not been able to lend most of it out at high rates .

Ignoring all other writeoffs etc - another problem being the huge income that was brought in from various lending insurance products ( business and personal ) that tap was switched off some years ago too - and indeed went other way with PPI compensation .

Truth of the matter is this and other banks have had to ren-enter the real business world without easy meal tickets

Some have done it better than others
Stakis
Posts: 6
Off Topic
Opinion:No Opinion
Price:271.60
Asperger1
9 Oct '17
Not going to hold you to anything of course re gaps -advice as always to everyone - do your own reading. Genuinely interested in your thoughts though.
Stakis
Posts: 6
Off Topic
Opinion:No Opinion
Price:272.60
Gaps
6 Oct '17
Can't say I understand technical analysis - are you suggesting these gaps will be filled i.e. price might fall as low as 242?
Asperger1
Posts: 4,453
Off Topic
Opinion:No Opinion
Price:271.70
Gaps
6 Oct '17
Seeing a number of gaps as low as 242p - wonder when HMG might start off loading their holding - need to ensure Corbyn can't turn RBS in to 'The Peoples Bank'

Asp
Glendo90
Posts: 33
Off Topic
Opinion:No Opinion
Price:272.70
Trend
5 Oct '17
There is still some decent growth to be had here - but it is just when...it may be a good few months yet. I am with you that there will be other dips along the way. A worse case scenario for the US fines has already been priced in. I am hanging on as higher interest rates will yield better returns on equity and RBS of all the UK banks has plenty of that. However, nothing is certain ever with this share...
Stakis
Posts: 6
Off Topic
Opinion:No Opinion
Price:273.80
Trend
5 Oct '17
Bailed out yesterday at 2.729 for a bit of unashamed profit taking but only sold half my holding. Can't decide which way this is going. Feel quite bullish about the share but can't help but feel there is a short term dip on the horizon that may facilitate a buy back before another bounce. Plus there always seems to be another skeleton in the cupboard waiting to come out. We wait and see ..........
M1k3y
Posts: 1,444
Research
Opinion:No Opinion
Price:270.20
Signature to sue Mishcon
3 Oct '17




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