Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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RBS offers £100 bribe to open a bank account after being voted one of the worst providers in the country https://www.dailymail.co.uk/money/saving/article-8686897/RBS-offers-100-bribe-open-bank-account.html
Much better and safer stocks out there at the moment .
https://uk.trustpilot.com/review/www.natwest.com
James's. - Don't
Good talk ??
Hi All,
I am looking to buy in here soon and have been swotting up on the latest results, articles and last 3 years of progress.
Just a couple of questions that i am still pondering...
Is the writing not on the wall for this share price given that between now and 2025 (as it stands) the equivalent of 62 % stake Government ownership in shares will be flooding the market?
Will Natwest Group dispose of these shares immediately thus reducing the total amount of shares in circulation giving the opposite effect?
Also, big question i know, what effect do we think Brexit will have on this share?
My Opinion..
Provided they do dispose of the Governments sold shares and the share price is not affected too much by Brexit, then i think this share has huge potential.
@JABH, I think you are spot on with the surplus capital, although not a huge amount in the grand scheme of things, lets not forget that the bank is still making money which is reducing the overall losses it is currently making, 0.7 billion attributable half year loss. (We can thank the diversification of the business for this much)
The Impairments will continue until next year but so will businesses bouncing back again along with economy slowly dusting itself off, all helping to reduce the total losses further for the next Quarter/Half Year.
I don't think the Government will sell at these levels, maybe 200p plus.
Good to see a little rise and firming of price here. This whole banking sector needs to start to perform again sometime soon !!!
Some interesting insight there. The banks are probably at a low ebb at the moment. I dont expect great shakes anytime soon but these could be one for a steady long term outlook
@thanglan
As at this latest set of results, the Bank is sitting on surplus capital of £7,600,000,000 (£7.6bn). That is to say, that if it offloaded that amount of capital (in which ever way is chose) it would then by sitting at the lower end of its target capital reserves of 13% CET1 (currently sitting at a whopping 17.2%). Compare, for example, with Barclays which is at 13.8% CET1 now.
The bonus pool for 2019 was £305,000,000 (£0.3bn) for all personnel Group globally (inc. Board and ExCo members). So the assertion that the Board is pocketing spare cash and 'feverishly feasting' is not based in any fact.
What the Results Pack says in relation to that £7.6bn excess capital is "Clear intention to return to paying dividends as soon as possible, targeting a pay out ratio of 40% over time" and "Capital return to shareholders is a clear preference with all other options only considered if they provide compelling shareholder value and strategic rationale".
So JimJam is right to expect a dividend in 2021 (assuming regulators allow it) and that the dividend could be quite special indeed. The suggestion by the Chairman that the £2.9bn impairment charge taken this quarter may end up being an over-provision and some of which therefore absorbed back into excess capital is more good news.
JJ - Why expect a a DIVI in 2021? The greedy, useless Tw-at-oos on the board will pocket any spare cash for their undeserved BONUSes. With Share Price travelling ever South - changing the name is the only thing they may have produced that isn't a complete F-up. There are a lot of us trapped in this Pig-Pen where only the Board are feverishly feasting. The best hope is that the SP doesn't fall below £1 before Christmas
The NWG chairman/person was speaking on the radio a few days ago, and amongst other things mentioned provision for bad debts. In the past these provisions have always been gobbled up by the bad debts, but the 'chair' appeared to be saying that over provision could be the case this time. It left me thinking that some of the provision funds could be written back into the accounts at some date. It seems a convenient exercise to boost the provisions when the banks cannot be seen to pay dividends. A special div. in 2021 is my expectation. Hope you get my drift. JJ
@Bristolcupid @jimjam Thanks for the kind words.
Are you sure you dont work for NWG? Joking aside I wish there were more posts on BBs like yours of Thursday providing precise, factual & fairly concise information! - an excellent post & tbh NWG at around current levels is a good one for the bottom draw imo.
BC