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Royal Bank of Scotland Share Chat (RBS)



Share Price: 381.50Bid: 381.40Ask: 381.50Change: 3.80 (+1.01%)Riser - Royal Bank Scot
Spread: 0.10Spread as %: 0.03%Open: 376.80High: 383.60Low: 376.60Yesterday’s Close: 377.70


Share Discussion for Royal Bank Scot (RBS)


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NeepHead
Posts: 1,425
Off Topic
Opinion:No Opinion
Price:330.30
jings100
8 Jul '14
I'm off up to Scotland this morning for a few days and will no doubt have a few chats about the vote. It will be interesting to hear what my resident friends and family have to say about it. GL
 
jings100
Posts: 7,626
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Opinion:No Opinion
Price:329.90
NeepHead
8 Jul '14
Supporting independence was tongue in cheek , I'm well aware how you would vote , lol....From what I can gather a yes vote is going to open up a geopolitical can of worms as far as the navy and it's international obligations are concerned . Britain has already backed out of it's NATO duties and currently the US is concerned about further cut backs in our defence spending to the point where it's putting the special relationship at risk ,allegedly . HMG has committed pretty much all of it's warship building to Scottish yards . If they were to maintain a policy of not building warships in foreign countries I'm not sure where they would build them now that they've closed Portsmouth , Devonport (Plymouth ) is repair and maintenance as are some of the others ,... Liverpool maybe . In short replicating the facilities in Scotland would take time and lots of money , lots of money . And then there's Trident . There's just nowhere in England that can take it , certainly not in the short term . Long term it will cost billions to provide a suitable base ,in the meantime it leaves Britain ,or the bit that's left , with no nuclear deterrent. Pretty much guaranteed that both Cameron and Obama will be a mite displeased about that . So to get back to your question , lol, about future investment in English based warship building and other heavy industry . ...If there should be a YES vote , absolutely , they're going to need investment and fairly massive investment , it in the near future.
NeepHead
Posts: 1,425
Off Topic
Opinion:No Opinion
Price:329.90
jings100, rad121, mailman
7 Jul '14
Some good stuff in your debate, sorry I had to be out all day. How do you feel about future investment in England based warship building and other heavy industries? Seems to me a bit like HS2, if there's a major need why not create the jobs locally instead of in faraway countries? The worst that can happen is that we might need to encourage more immigrants to train to do the work! But that would mean all sorts of further investment and jobs. Win, win?
NeepHead
Posts: 1,425
Off Topic
Opinion:No Opinion
Price:329.90
jings100
7 Jul '14
Re Sun 23.33. Wee correction - I only came to live in England, retired, after selling my business in Scotland. Worked all my life in Scotland, probably a mistake as I had several opportunities to work in England and abroad which, with hindsight could have resulted in higher positions and incomes. I resisted the idea of living in the SE.. There are plenty of opportunities in Scotland, always have been, and I am sure there always will be. Also, I didn't think I was promoting the nationalist argument, indeed if I had a vote I would be against independence.
mailman
Posts: 1,758
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Opinion:No Opinion
Price:329.90
jings100
7 Jul '14
Thanks good post with good information... I now know a bit more..

Thank you....

Yes a good discussion.... Jings and rad... See it is good to talk ..or post... thanks both again...

USA improved at the close today.. a good sign for us tomorrow... we will see...hope japan is positive over night will help us as well.. ...

Keep smiling....
jings100
Posts: 7,626
Off Topic
Opinion:No Opinion
Price:329.90
rad
7 Jul '14
Good discussion , thank you . Forced me to go researching things I thought I new but didn't . Never a bad thing ATB ,
jings100
Posts: 7,626
Off Topic
Opinion:No Opinion
Price:329.90
Mailman
7 Jul '14
Cheers
Scottish power production ... Between hydro ,wave and wind Scotland has the potential to be self sufficient in energy production . Outwith that there are huge coal reserves under the Firth of Forth , generally regarded as the black sheep of energy production but that could change .Edinburgh University , I think , have developed clean burn technology for coal which dramatically reduces pollution and would make it an acceptable fuel . Oh , nearly forgot the other stuff in the North Sea , oil . Despite what you may read in the media , I believe the existing reserves are roughly equivalent to what has already been extracted . The problem is getting it out , but modern deep sea technology seems to be making it much more accessible. Hopefully they would have the sense to keep it all in the public sector and not " sell the jerseys " as previous British governments have done . ATB .
mailman
Posts: 1,758
Off Topic
Opinion:No Opinion
Price:329.90
rad121... jings100
7 Jul '14
rad121 .. You say... Can you imagine if they were to award a multi-billion project to a foreign firm while the English manufacturing sector missed out....

Well has that not happened many times in the UK over the past 25 years.. and utility companies and others sold off to foreign companies.. and if not sold off it is made by foreign owned companies in the UK.... French company reported months ago to build a new power plant and demanded terms of guaranteed amount of profit terms...

Question has to be asked is the UK government saying the UK has not the ability to build it, or take the easy option of relying on others to do it for us.... The UK reliance for so much from others is a future worry...Even 25% of UK Electricity is from Europe....

How Electricity power supplies are obtained to run Scotland I do not know, is Scotland self sufficient in their power production and use....? Ship building surely is safe in Scotland .. unless as stated it all comes down to money then foreign ship building may well prosper....

Setting up to be independent appears to make me realise there is a few questions I do not know the answers about Scotland.

jings100 .. I agree with a lot of you last post...

Regarding RBS SP today maybe a drop was expected as the USA was closed last Friday and the UK market was lost for direction until USA opened today... plus Japan closed lower before the UK market opened today .. and a drop was possible in the USA today after reaching yet another record high in the last trading day in the USA last Thursday..

Hopefully a rise tomorrow...
jings100
Posts: 7,626
Off Topic
Opinion:No Opinion
Price:330.20
rad
7 Jul '14
Don't beat yourself up , that's how most people make decisions , emotionally , otherwise as you say people would only buy the most logical choice , in the main they don't . Advertising , marketing and large sections of the media would vanish overnight if that were to happen .
Plymouth hasn't built a ship since the sixties , not a question of bringing it out of mothballs . It would take years and even then I'm not sure it could cope with the latest carriers . As for not allowing foreign countries access to your latest gadgets , the latest frigates , type 26 , have been designed in Australia and the Clyde has been nominated by the MOD as the best place to build them .
As for handing huge contracts to foreign companies , it happens all the time and not just in shipbuilding .you get a bit of a stooshie in the press for a few days and that's it . Doesn't stop it happening again and again .
Scotland , as I'm sure you know, already has it's own currency which It could easily switch to instead of the pound . Some economists ,( they don't all agree on anything ) think this would be the best solutions , just as some think sharing would be better. I'm not smart enough to even venture an opinion .
I hope it doesn't become a them and us situation but your probably right the press will do it's best to make it into one .The sadness , for me , is that this situation should never have come about and had Britain been governed by less egocentric politicians in the last few decades , aye some of them Scots , it might not have happened .
rad121
Posts: 76
Off Topic
Opinion:No Opinion
Price:329.90
Thoughts
7 Jul '14
Crude example - when people buy a car it's often based on the looks and the goodies inside, rather than using their heads and assessing that car A is better than car B because while it may not look as good, it's more reliable, does better mpg, and will retain more of it's value after XX years. I use this example cause I've done it before! Had I used my head I'd have saved much £££.
I'm talking frontline warships - no way you'd let a foreign nation in to your latest and greatest gadgets. Does any country allow/do this? And I think Plymouth could be unmothballed if the need arises. I'm not lying about anything, it's just my thoughts/views. I don't think the English public would allow it either - whatever the cost. Just like letting Scotland use the £. It won't happen - there will be such bad blood if the Scots get independence, the knee jerk reaction will be ‘cut them loose, give them nothing’. It will rapidly become a them and us situation. It might be slightly childish but you can bet it would be whipped up by the media, and elements of the political classes. Can you imagine if they were to award a multi-billion project to a foreign firm while the English manufacturing sector missed out. I’m sorry, the way the yes camp have run things they’ve engineered a sorry mess whatever the outcome. The proverbial hornets nest – but I guess that’s part of the plan. If they get a no vote, how long before the nats start up again?



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