In America RBS is traded in ADRs not dollars . American Depository Receipts . It's a certificate that represents a number of shares for foreign shares traded on the NY stock exchange . Hope that helps.... ATB
Compounding might well be a great way to build your capital over time , not sure you could accumulate that amount of wealth just by compounding . Could be wrong , never really thought about it at those levels. Certainly must play a part ......... Hoping this has reached support now , more or less .about the level I was expecting if it was going to break into a new trading range . Might not could stay where it's been for the last year or so .
It does seem obscene but its just the effect of compounding. Probably the fundamental significant factor in disparity and can work both ways. People who get into debt find the debt can spiral out of control, on the flip side, people who invest compound way, way above inflation causing this divide. And I bet if you spoke to most ordinary working class people, they probably wouldn't even know what compounding meant...!! Meritocratic plutocracy......
OK, listened to her and, as you say, it is pretty much where we have been for a few days. Not much in the way of solution but interesting to learn that Gates and Buffett' combined wealth is equivalent to the bottom 120 million USA population. How obscene is that? Then there are the tax skills of the global operations, Governments have to find answers to that. Topic for off piste discussion?
http://www.proactiveinvestors.co.uk/columns/broker-spotlight/15173/rbs-downgraded-to-sell-by-ubs-15173.html RBS downgraded to sell by UBS By Jamie Nimmo January 22 2014, 12:12pm “Right team, wrong price” is UBS’s verdict on Royal Bank of Scotland (LON:RBS). The broker opted to downgrade its recommendation on the state-owned bank to ‘sell’ from ‘neutral’, with a 300p target price, previously 350p. UBS believes boss Ross McEwan, who has picked up the RBS recovery baton from Stephen Hester, can improve the bank’s operational performance and efficiency. That’s because the new team it refers to in its title is focused on restructuring the business, while the former management was geared up to bolster the balance sheet. But there is an issue with a share price that reflects work which is yet to be done, as the Swiss broker explains: “We think the share price already discounts much of the progress we expect the group to make over the next 18 months or so, leaving risk of underperformance even if management outperforms business targets.” It warns the government, which bailed out the bank at the height of the financial crisis, may not be able to sell off its shares for more than it paid for them (500p) in the next six years. The price recorded by the National Accounts Office (407p) may be reached by the middle of the next Parliament (2017-2018), UBS added. Earnings estimates, which are accounted for in the share price in UBS’s view, now reflect the sale of its US business, Citizens. Its more conservative stance on the Markets business drags its earnings forecasts down by 3% in 2014, but by a more drastic 14% and 19% in the following two years. The downgrade saw the shares slide 3.2% to 347p on Wednesday....
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