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Many thanks. Well explained. 👍
Erebooni,
The 15% stake relates to the total market capitalisation., therefore this would reduce HMTs share by about half (as they currently own around 30% of market cap). However as these shares are then cancelled this actually does a couple of things - it reduces the share count by the same amount, effectively negating the (full) impact. Also it reduces the assets of the company by the same amount.
Ultimately as a current shareholder your overall share of the company goes up slightly, but the business is technically worth less (as they have spent money that doesn't increase the asset base).
In practice what this means is you shouldn't be worse off - however what it does is improve investor sentiment, which means people are willing to pay more for each share.
I'll be glad once all of the shares are repurchased, at this point we will see the true impact of where we are.
Scrap my queries - I have found all the answers I was looking for - Preference Shares of Natwest are 134p (Ticker: NWBD.L) if anyone also wanted to know what they are.
GLA & ATB
Scrap my queries - I have found them - Prefer
In today's NWG meeting it is mentioned that Natwest intend to buy back 15% of Government owned shares.
In an article it has been mentioned:
"The government currently holds a stake of just under 30 per cent in Natwest, worth some £7.46bn."
It then says:
"Based on Natwest’s current market capitalisation, a 15 percentage point haircut would reduce the government’s stake by roughly £3.75bn."
Thats nearly 50% of government stake not 15%. Or have I got the wrong end of the stick?
https://www.cityam.com/natwest-shareholders-approve-proposal-to-buy-back-15-per-cent-of-governments-stake/
Hi all,
Is there a Dividend Payment on 29th April 2024?
If so, from the RNS today - is there additional payment to be paid out to shareholders end of May.
“ DIVIDENDS ON 11 PER CENT AND 5.5 PER CENT CUMULATIVE PREFERENCE SHARES FOR THE HALF YEAR TO 31 MARCH 2024
“The Directors have declared half-yearly dividends on the 11 per cent and the 5.5 per cent cumulative preference shares. Unless otherwise resolved by the Board, the dividends will be paid on 31 May 2024 at the rate of 5.5 per cent and 2.75 per cent respectively, and will be paid to those preference shareholders on the register at the close of business on 2 May 2024.”
Also, how do you acquire preference shares? To become a preference shareholder?
Genuine queries as never held any bank shares before other than these at recent lows.
TIA.
Https://www.investegate.co.uk/announcement/rns/natwest-group--nwg/agm-statement/8152033
Thanks
This week
AGM tomorrow
Q1 results 26th
I just think higher interest rates equals higher margins equals higher sp. This is borne out by the last week. Did somebody say results or statement soon ?
Take a look back in our history to 2017. There is every chance that 2024 could follow the trace of 2017.
I feel that it this is a good indicator, we could retrace and level out then there is every chance that we can push on from there.
I believe that the only thing holding us back will be the need for Transaction in our own shares to pay the Gov back this would make financial sense to do it sub £3.
DYOR and then please come back with your view.
DYOR bro, but
Marketbeat has 350
Investing.com has 360
Trading view has 360
The government wants NWG to succeed
The institutions want NWG to succeed
The rich want NWG to succeed
Massive upside.
Highest broker forecast 330 at 15% discount = 280.50.
52 week high 281.
Glass ceiling ?
We also have AGM which will authorise a 15% buy back from HMG 📈📈📈
Mo yes we do, having now looked up the date. Thanks, I won't spoil it by giving the detail. JJ
Guys have we interim results next week??
This is a great opportunity for the transaction is own shares.
Watch the RNS.
We should be up tomorrow.
GLA LTH
Who shot the sheriff?
The bigger the restrictions on number of shares per person, the bigger the discount will need to be.
If the shares are restricted it needs more people to take up the offer , and the more people you need the harder it gets to entice them, for example , poorer investors or those who don’t currently invest
Like RMG, I wouldn't be surprised if there's a restriction in the amount of shares able to be brought by one individual.
If the discount turns out to be significant, then all shareholders should consider selling and, if they want to avail themselves of the even better Yield, buy back at a later time.
As Dinoken states, the timing of these transactions, are the tricky bit.
Or sell and potentially get locked out of your high yield.
When HMG announces sale, sp will drop to match discount which Fool floats at 15%. When to sell, that is the question ...
P/E of NWG still 5. Bonkers.
Big Banks on a bull run last few months. Always thought they were cheap a few months ago but didn't buy too many, as always. Amazing how the market seems to change on a whim. At some point I expect to sell, hopefully before any big plunges!