Don't want to deflate you but from at least three years ago some of us predicted that the SP would reach 40p/£4.00 by the end of this year and chase on to 50p/£5.00 to allow the Govt to sell ahead of the General Election. This still appears to be the soundest judgement of all who reside here. It was never based upon anything other than the advantage it would bring to the Govt at the Election.
This share is a political play thing im afraid . Little bit more time to wait for a proper rise . My wife works for the bank and even with positives going on sometimes the share gets hammered maybe because the Govt know the first route to their money back is LLoyds which the sell off will start soon come 2015 we will see RBS up around the £6 - £7 mark for sure just when the Tires need it to . Im afraid this isnt about the Bank how its doing its all about the share price being right before the next election all IMO
Ive been following this share for 4 years unfortunately.--over the years ive read posts from most guys on here --not one of them have the faintest clue as to what is going on with this share price--ive seen it plumit and rise without prediction ,in fact mostly with the opoosite. Its just egoism , I might as well write a forecast myself lol. and I really dont have aclue --all I do Kno is that this share would have reached 70p old money a hell of lot sooner than we will ever see £7. Its good to see it rising and I hope it continues -GLA
My 2 cents worth (which would have been 20c pre- consolidation!) is that the rise is due to a combination of factors: cash coming back to equities generally because intervention in Syria seems less likely, and because the plethora of good news items lately about economic activity are the sorts of items that bode well for banks generally; house prices, jobs, GDP, external figures from the US and China. You will note that BARC and LLOY are also up at least 1% today as well.
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