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You are forgetting the 2012 share consolidation. So he doesn't hold 15000 shares he holds 1500, so just over £4500 is correct.
15000 shares is over £45k now? Not £4500.
He’s received dividends every year too and may have reinvested them.
Sounds like he did rather well for £1500…
Do you think that they are waiting until it's closer to 500 to make back some of their money?
Is this supposed to be a boast of some kind?
You've spent around £1500 and 16 years later, it's worth a bit over £4500. Well done, but I don't think Warren Buffet will be marvelling at your investment prowess.
I am always mindful of some of our older holders of this stock! Good luck all
Hi, I don’t often post on here mostly read laugh and jog on, but I must share this with you and the others on here, I bought back in 2008 nearly 11p a share. 15000 of them then it was reduced due to rbs consolidation’s ect. Enjoy your day I know I am …
Depends what account i look in but my standard dealing account mine is 160 woop woop nearly a carpet bagger for me !
According to my Halifax sharedealing account my average is currently 340
Dantis, I'd love to know what your new average share price is now?
I do hope so, I bought in at 348 in 2015 and have been sitting tight ever since! I have reinvested all dividends back in. 350 would be great.
350 by end of month now !
What have I missed!
Share has been well manipulated by Gov for years its been milked for millions. And now the general election will be game changing for NWG investors.
Defo will see 330 hopefully in the next few weeks and when it comes near to operation SID you can bet it will be a lot higher of course depending on the T&C's. IMO
Come on guys another 52 week high ! General election another 4 months or so away . I reckon 330 by end of month !
Sunak's not bothered about being an unelected PM Kingalf and he probably thinks he can still win the election. Labour keeping quiet on sale at the minute but would soon play the politics of envy card if sale announced. Can't see them going along with it though.
I don't think it will happen to be honest unless Labour decided to run with it. How long can an unelected PM who's party has been decimated at the local election legitimately hang on to power. Just makes a mockery of our constitution.
NatWest has recently passed a resolution allowing it to buy more shares off the government, that would be the best outcome for existing shareholders.
Sounds good Dinoken, previous float bonus shares have been issued more than 12 months later from memory. Also, some were issued in installments to make it easier for cash strapped SID to take part. This way pre and post issue share price would be strong with nothing in it for shorters. Any 1st day premium would be OK politically as nwg being returned to the private sector post bail out, as opposed to selling off state industries to those 'lucky enough' to be sitting on spare cash.
Does this mean that offer price will be market price and the 'Bonus' shares awarded after say 1 year are the 'discount' !?
If the serious money believes (1) there will be a SID-type offer and (2) it would have to be priced at an attractive discount, I would expect some serious shorting before any official announcement. If/when that occurs, I'll sell. Simply because in my experience the shorters get it right more often than not.
Couldn't agree more! I just don't think that's the HMG plan
Barcing Bank just invited me to join their email list for the NWG Offer ! Heard nothing from NWG about it ...
Why is it a problem? Rather than put he whole lot onto the market with some kind of Sid offer, why not just drip feed them as and when over say the next six months? With the recent performance, there should not be a shortage of buyers wanting a punt. I will probably add a few more myself if a short dip occurs.
NWG will end up buying 15% of the 29% left to purchase leaving 14% which will be easily disposed of.
The general view seems to be that this is going to be a difficult balancing act. Unlike previous de-nationalisation offers the government can't simply offer the shares at a heavy discount to market value to encourage the Sids to buy (you could see class action lawsuits if they did) but if it doesn't what incentive would there be for the Sids to buy? Personally, on the face of it, I think it's an impossible problem to solve to all parties' satisfaction.
The only solution that might resolve the problem is if the government was to, say, offer their shares with some form of benefit attached i.e. wrap up the discount that they might normally consider offering he Sids and converting it into some other monetary form e.g. a staggered tax rebate over a period of several years (at the end of the day all of the money goes into the same pot).
Staggering the tax rebate over a period of, say, 3-5 years (with pehaps a provision to pay any remaining tax rebate in full on death) might make the Sids less inclined to rush and sell their new shares immediately, particularly if it might result in them crystallising a loss that they might have to wait several years to cover from their tax rebate. I would not make the tax rebate conditional on them retaining the shares (this would be too complex to regulate). Most, if not all, online brokers now require you to provide your NINO, so it should be possible for them to make applications on behalf of their customers for both the shares and the tax rebate fairly seemlessly.
So, for example, if the government wanted to sell its shares in tranches of (say) 500 shares at a discount of (say) 20% to the current share price (say £3 per share), they'd offer each tranche at £1,500 (500 x £3) plus a tax rebate of £300 (20% x £1,500) payable in equal instalments of (say) £100 per annum over a period of 3 years or £60 per annum over a period of 5 years.