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RBS Share Chat - RSS Feed

Royal Bank of Scotland Share Chat (RBS)



Share Price: 349.10Bid: 349.00Ask: 349.10Change: -6.00 (-1.69%)Faller - Royal Bank Scot
Spread: 0.10Spread as %: 0.03%Open: 352.90High: 353.80Low: 348.60Yesterday’s Close: 355.10


Share Discussion for Royal Bank Scot (RBS)


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statz
Posts: 267
Off Topic
Opinion:Buy
Price:338.20
Honest bob
1 May '15
I think it's sometimes forgotten just how much over inflation in assets rbs had before the crash and the complication of investment packages with many different financial assets tied in .

They probably thought if they came out with it all at the start the decision may have been made to be done with rbs all together .

5 years on the impairments / fines are all manageable , just annoying from investors point of view . I have faith they have turned the corner internally .
 
honestbob
Posts: 442
Observation
Opinion:Weak Buy
Price:337.80
statz
1 May '15
you are right it is about time they audited themselves and brought out all the dirty washing and had done with > One prays that all current practices are OK _ a culture of top down responsibility would be a great help
statz
Posts: 267
Off Topic
Opinion:Buy
Price:336.70
Back in at 340
1 May '15
Bought back in yesterday at 340.

Rbs are annoying at bringing up more and more contingency costs but this all still relates to past practises. Long term they are improving so feel comfortable sitting at this price ... Again .

Will buy more if it goes down again to 330 or below .

Frustrating but they are still improving .
jings100
Posts: 8,017
Off Topic
Opinion:No Opinion
Price:333.70
Mailman / MY21
1 May '15
Thanks for the info ATB
Kaimirza
Posts: 189
Off Topic
Opinion:No Opinion
Price:334.30
SP
1 May '15
I think this is heading south maybe 320 territory, sentiment appears weak and they are again hated all over the media. Dividend appears to have been scrapped till further notice no joy for investors there, no real profit in 2015, and nothing exciting at all happening till 2016. I know the info given by Mcewan was positive for the long term but in the short term i think this is gonna go down. I'm in it for the long haul so i guess its just another buying opportunity.
mailman
Posts: 1,965
Off Topic
Opinion:No Opinion
Price:330.00
MY21
1 May '15
Thanks as always for your postings..

ATB...
MY21
Posts: 8,692
Off Topic
Opinion:No Opinion
Price:338.50
FT
1 May '15
RBS’s McEwan sallies Forth against self-perpetuating exceptionals: Seven years after a bailout by the state, RBS goes on writing off billions. The total for one-offs on Thursday was £1.75 billion and contained an £856 million provision for such costs as a second round of fines for alleged Forex-fiddling. And this was just in the first quarter. The attributable loss was £446 million, a £1.6 billion year-on-year decline, compared with a £1.6 billion operating profit before nasties higher up the P&L. The bank is set for a £2.8 billion 2015 loss. Analysts hope RBS will reverse out to a pretax profit of about £4 billion in 2016. That year will be “Phase Three” in the timeline of Chief Executive Ross McEwan, when he believes RBS will return to something approaching financial health. This year he is on course to free RBS of its “bad bank” and two-thirds of its stake in Citizens of the U.S., while still cutting costs by £800 million, despite a higher bank levy.
jings100
Posts: 8,017
Off Topic
Opinion:No Opinion
Price:338.50
dalius
1 May '15
Good post ....could be wrong but from memory what McEwan actually said was that he would not even consider restarting dividends until that level had been reached .Still the DAS situation to be resolved as well . Could be finalised this year but may creep into 2016 . ATB





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