Looks a bit overdone at the moment , so maybe half a punt is better than none , forgive the pun . Agree with mailman likely to be volatile for a while and there's still that Gap at 329 . You could set a limit buy at that price , if it doesn't get there you haven't lost anything , on the other hand tucson could be right and the SP is going to get hammered .
Reason: original 15pt target (as posted) more than reached. I suspect most of the falls spurred by 1 opinion poll showing YES campaign leading slightly in Scottish Indie vote, thus mostly sentiment driven. This could of course soon change, as other polls suggest different voting indications. Hard call, so best book profits.
Seems an idea to try catch the bounce back in event of a NO vote.
Yes vote threatens U.K.’s influence on international stage: Scottish independence would be geographically dramatic for the U.K.: it would lose just under a third – 32% – of its land mass. Yet the rest of the U.K. (rUK) would lose much, much more.
A bit of politicising ? Lol. No denying it will affect their credit rating adversely to what extent or how significant that will be is one of the imponderables at the moment . As for the rest of it , they may find they are better off under an independent Scottish system . Corporation tax is likely to be lower for a start . They may just move south and preserve the status quo , who knows ..At the moment it's all speculation .Just to clarify , I'm pretty ambivalent about all this , I don't really care one way or another , if I were younger and still living in Scotland
Hello, Jings100. You say ' not sure it would affect the bank's profitability that much'. I don't think we can ignore the following: The RBS annual report stated: “The uncertainties resulting from an affirmative vote in favour of independence would be likely to significantly impact the group's credit ratings and could also impact the fiscal, monetary, legal and regulatory landscape to which the group is subject. Were Scotland to become independent, it may also affect Scotland's status in the EU.
“The occurrence of any of the impacts above could significantly impact the group's costs and would have a material adverse effect on the group's business, financial condition, results of operations and prospects.”
Now maybe we could say there is a bit of 'politicing' going on here but I am not so sure. Good luck Tucson.
Supporters of Scottish independence take a narrow poll lead for the first time
Sep 7, 2014 Article history
LONDON – Supporters of Scottish independence have taken their first opinion poll lead since the referendum campaign began, which indicates a real possibility that they might win, according to a YouGov survey for the Sunday Times newspaper.
With less than two weeks to go before the Sept. 18 vote, the poll puts the “yes” to independence campaign at 51 percent against the unionists at 49 percent, overturning a 22-point lead for the unionist campaign in just a month, the Sunday Times said.
The paper announced the headline results in a news release ahead of publication but gave no further details of the poll.
SORRY DISREGARD MY LAST POST TYPO ERRORS.. Phone call distracted my chain of thought...
You are entitled to your point of view... sadly you should have thought of selling a week ago in the 360s.... not wait for a 20p drop....... but you will probably have a chance of buying back in at a lower level... as for 320p ..who knows...
Regarding the YES or NO vote... is see no major concern to RBS.... apart from usual hype at the time.... The chances of falling 1% a day to the 18th is a big call.... that said RBS has gone up and down many times for the past 3 years....
Your view about any drop to the high 200s depends on what time scale you are thinking about... months or years.. or at all
Once you start to predict or speculate ... you then start to guess ... and you can end up with many different possible results over different lengths of time....
I tend to invest on current moves .... and not what may or not be in the future... many have waited 3 years hoping for 400p to 500p and lost money making opportunities watching their investment go up and go down so many times ... and only to end up near the price now.... that it was 3 years ago.....
I let the market be my guide and with experience gained. it can grow your knowledge if only to help avoid past mistakes... and hopefully more chance of profit...
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.