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Royal Bank of Scotland Share Chat (RBS)



Share Price: 355.40Bid: 355.30Ask: 355.40Change: -8.80 (-2.42%)Faller - Royal Bank Scot
Spread: 0.10Spread as %: 0.03%Open: 366.50High: 368.20Low: 355.40Yesterday’s Close: 364.20



Share Discussion for Royal Bank Scot (RBS)


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Ranjm
Posts: 1,558
Off Topic
Opinion:No Opinion
Price:322.90
graftman/mailman
2 Apr '14
I only watched the full video after I posted. Not surprised he would have been on rt.com. Quite misleading what he was saying, mixed truth with a lot of bias. Not all hedge funds used insurance or cds to bet on the other side of the property market, only very few. The people in the audience have no clue about finance or economics whatsoever and seemed pretty dopey, just the right type to buy the book he was plugging.
 
mailman
Posts: 1,657
Off Topic
Opinion:No Opinion
Price:322.90
Davefrench .. All
2 Apr '14
Hi .. There is no real basic logic to expect the SP to reach £10 ..

The SP has hardly moved in 3 years.. Times have changed dramatically since 2008 and we have a growing change to renting and staying with parents ... The level of mortgages before 2008 compared to now is I believe is far less.. .. Lack of Affordability is the main worry on many issues now.. Including utility bills, mortgages and low incomes..

As I just posted house prices now up from 2 times ave earnings in 1970 to 7 times ave earnings now.. .. Times have moved on from Fred the shred days ... And banking rules are different as well..

£10 seems two and a half times harder than the £4 that seems so difficult to reach now... £10 may well be reached in the distant future .. But what will £10 SP be worth by then..?.. Ave House prices may well be double today's prices by then..

All a very distant thought .. Predicting £10 is all based on hope rather than reality.. Of the way things stand today.. Uncertainty is the only reality.. That is the one certainty

All this said .. Only Time will tell ... GL
mailman
Posts: 1,657
Off Topic
Opinion:No Opinion
Price:322.90
graftman..All
2 Apr '14
Heard a Report this week that house prices were around 2 times the average wage in 1970 ..

Now the average wage is 25k and the average house price is 175k .. So that is now 7 times the average wage.

So now even with to people taking a mortgage with both on 2 times average earnings .. That is a 3 times earnings shortfall to equal the 7 times earning house price....

Like I have said before .. Millions who bought their house 20 years ago and still living in it now .. Could not rebuy the same house they live in now on their current earnings..
davefrench
Posts: 563
Off Topic
Opinion:No Opinion
Price:322.90
jings100/lennyMac
2 Apr '14
Yes I meant £10, and I do think the SP will reach this valuation, it is not a question of IF but WHEN in my opinion, not so long ago (2010) and pre-consoidation of course, some were talking of £1.00 by end 2010, I am not saying I agreed with then but I don't see why we would not reach that valuation a couple of years down the line.
jings100
Posts: 7,381
Off Topic
Opinion:No Opinion
Price:322.90
Hi Davefrench
2 Apr '14
Long time , nice to see you back . LennyMac's probably right ,.... don't think he realised that you live in France when he offered to dress up as Santa and come round your house , lol.
graftman
Posts: 2,315
Off Topic
Opinion:No Opinion
Price:322.90
ranjm
2 Apr '14
cheers for link , I've seen this guy on rt .com on a few of there shows . certainly shows with those "very useful "charts ( seen them before ) on when it all started to change in 1971 and the acceleration as we hit the 80's and reganomics /Thatcherism . this is still whats happening , here in UK and other countries we are just waiting for that housing peak again and then a bigger crash than 2008 will hit . sometime soon imv
mailman
Posts: 1,657
Off Topic
Opinion:No Opinion
Price:322.90
Ranjm
2 Apr '14
Interesting Video watch... the amount of cons going on in the world... seems endless.... legal and otherwise...

Well out of Delboys league....
LennyMac
Posts: 406
Off Topic
Opinion:No Opinion
Price:322.90
Dave
2 Apr '14
I don't think the sp will ever sink that low. However, if you are talking about £10 rather than £1, I would say never! and if it does, I will not only put you on the christmas card list but I will dress up as Santa and go round your house.
scott7817
Posts: 31
Off Topic
Opinion:No Opinion
Price:322.90
View Thread (2)
RE: RBS FUTURE SHARE PRICE
2 Apr '14
Years, 3-5 would be my guess
davefrench
Posts: 563
Off Topic
Opinion:No Opinion
Price:322.90
View Thread (2)
RBS FUTURE SHARE PRICE
2 Apr '14
How long do you people think it will take for the SP to reach £1.00 or thereabout?



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