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I reckon you will b/e price by end of the week at this rate. My covid cure friendly shares all blue today prob been my best trading day during pandemic & I have a good few days as well ! I wonder if we get to 200 before confirmed divi news ? if so that is going to make things really interesting.
Agreed battleja. My cushion before being forced to sell is about 4 years but very pleased with the last 10 days rises. I am now only 12p off break even.. Then hopefully onwards and upwards to £2 which I have agreed with my Mrs that its time to bale out though she would prefer to stay in. Just hope the Chancellors Statement doesn't put the brakes on, then of course its almost crunch time with Brexit. I voted out and would be happy to stick two fingers up at them in normal times but as I am in for so much I just hope we can do a deal to see the SP go to my out price
another steady rise , dobbin beat in the race to the top today though . With new vaccine news & imminent open of businesses I expect a solid rise if you know wot I mean.
......Spring 2021.
The timing for the reintroduction of Dividends is of course the only issue here and I think it will be timed to coincide with the big economic reboot that will happen once some/all the vaccines start to roll out to the public in meaningful numbers etc.
That IMO will be around early Spring 2020..... but who knows.
It said on Radio 4 this morning that December 15 is when the FSA will decide if the banks can re introduce dividends and its 50/50 on next year according to the experts. See what 8.00am brings with the new vaccine announcement.
Best of luck HALFMIST - reintroduction of Dividends is a given and the Market know this and I'm fairly sure a chunk of the recent rise from its low in the 90p area is anticipating this etc. IMO, the SP still has legs to go higher as I have stated. We are still in penny share territory after all if you ignore the 'smoke and mirrors' share consolidation.
A real boost to Banks in this Pandemic induced recession, is the sheer amount of Public money being pumped in to areas which would otherwise have resulted in significant debt defaults and other knock on failures.
There will still be widespread pain to come, but it could have so much worse.
Normally I would agree with you Jim jam but now I am in retirement I am not prepared to take the risks that I have done over the last 10 years. Time to give someone else a chance once it hits my target price
HALFMIST you will be hooked, you will have learned so much from your losses, and gains. Fully expect to see 180 this week. JJ
Yes, I agree, £2.00 would be great. Got in at various prices from £2.54 down to £1.06 to bring my average down. At its lowest, I was nursing losses of over £300k and just hoping it didn’t go bust. My losses at the moment are around £70k and £2 would give me a profit of around £76k. Then it’s out of shares for me in to something less stressful..
£2.00 would be great. Got in at £2.04 in February and it has been a disaster since. Glad it has recovered massive in the last few weeks. Wish all holders the very best.
See no reason why not PSK. After all, £2 (20p pre consolidation) is a fairly modest hurdle to achieve in our road to recovery. Its certainly deliverable in the timeframe you mention.
The heading still shows, Sainsbury Bank and while I have no great insight into that Bank's operations, as always in such situations, the potential for a deeply discounted acquisition of retail assets is worthy of a scrutiny.
Sainsburys seem very keen to rationalise and focus on their core activities. Could be a bargain to be had dependent upon the price and of course the quality of the assets being aquired.
Finally, I think it will be into the Spring of next year before aspects such as the disposal of HM Gov's shareholding, negative interest rates, a significant revision of current taxes etc will all come into sharp focus ie after the roll out of an effective Covid vaccine in sufficient numbers etc when the Gov efforts will move from healthcare and the NHS to being fully behind restarting the UK economy.
Come NWG back over £2 by the end of the year
The sustained increase in SP since its low point a month or so back is certainly refreshing with no alarming statements emerging thus far on non performing debts in the current very challenging economic conditions hitting most sectors of industry and commerce.
I think we have all taken too many punches to the head as I can't quite get my head around the continuing farce that are the Brexit negotiations.
Even if the politicians manage to stitch together some form of face-saving compromise to please both sides, just how is industry supposed to react in the extremely limited time left etc.
Finally, its been announced today Ulster Bank will fall under full and direct control of NW/RBS. Only mistake is that this entity should have been wound down years ago as this has been a banking sinkhole of immense proportions.
another blue day & we also beat dobbin again.
another steady rise today ! Also beat Lloy today who had an uneventful day .
another steady rise even better the lloy today ! so glad I bought back in a few weeks ago.
my pint half full. RBS sp seems t be improving at a rate of knots with cure news only , interesting to see how quickly it will take to hit 200. I think dividend news will allow us to see the real value of RBS
DireEmblem, the gov't holding is a hindrance IMHO. It hovers over the business and scares investors; when it drops below 50% the share price will begin to reflect the true value of the business. JJ
180 - 200 ? IMO any mention of the d word resumption will mean 230 - 250. Hoping for the d word next results.
Bad deal, agree. NWG needs to invest in the technology to move into the 2020's. And get rid of the govt. share holding. This has to be an area where the Boris team must be amenable to doing a clever discrete deal. The trouble is there are so many looking for the wrong move to happen. JJ
Bad player more like. At least it would give them a chance to rebrand from Nastywest to Sainsburys LOL. This would not be a straightforward takeover cos the JS bank is joined at the hip to their promotional activities for their mainstream business which revolves around Nectar, which JS own. Every time you use your JS credit card, you get Nectar points. IMO trying to separate JS bank from JS would be less like an amputation but more like trying to separate siamese twins. Many JS bank customers would dump the bank if the existing benefits were removed. Bad deal IMO
cracking news even if doesn't come off it def shows ambition NWG a player again.
Read More;
https://news.sky.com/story/taxpayer-backed-natwest-among-initial-suitors-for-sainsbury8217s-bank-12130791
DYOR
NatWest among initial suitors for Sainsbury’s Bank..
NatWest Group is among a pack of suitors circling Sainsbury’s Bank as it mulls its most significant corporate acquisition since its £45bn government bailout more than a decade ago.
DYOR