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Not sure of the logic there - However there will be opportunity to reduce the number of expensive branches once full rebranding from RBS to NatWest takes place.
What about hiving off the Royal Bank of Scotland branches and giving it to Scotland and returning Nat West to UK ownership. This could be taken as a payment by HMG to the Scots and reduce the HMG holding to below 50%. When RBS was bought it was roughly 30% of the whole. Then it could return to the pre-Shred days eg 1999.
Catch 22 when Govt. have so many shares it holds the sp within a narrow range, get the figure below 50%, the sp will rise and the govt. may get a profit in time.
The Government, through UK Financial Investments, have previously sold tranches @ 330p in 2015 & 271p in 2018 against public backlash but in hindsight being pretty shrewd - therefore it appears to be happy to dispose shares at a significant loss around these levels.
Unless, they give it to per shares to the people
Of the country, not to moan. Can't see it with Boris Johnson's, spending plans,he doesn't
Need votes anyway.
JABH see you have these as a Strong Buy?
Me too bought at 2.06 yesterday a little rise earlier but back down with whole market.
Lets hope for some uptick soon especially with the divi soon
For ethical and reputational reasons I cannot see NatWest Group purchasing any of its shares back from HMT. It's one thing for the Government to be all over the news for crystalising a loss to the taxpayer for selling the shares to the market at less than 502p, it's quite another for the Bank to have sold them to the taxpayer for 502p and then buy them back from the taxpayer for anything less (and especially at more than 50% discount). The Bank is all about doing the right thing these days and a directed buyback from HMT specifically, at these prices, would fly in the face of so many of its checks and values.
may be not ,for face sake ,might be a hard landing with Brexit. only thing will shift
banks if interest rise.
Phil, yes agree some sort of buyback must be on the cards; likely to be a very interesting year for RBS with a positive look to it.
Could also be a reason for the drop in divi if they are hoping to do a share buy back from HMG? Or is that wishful thinking .....
Saw Times article declaring HMG intentions to sell off some of its stake even at these low prices.... guess depends who buys the shares as to impact here.... ii's would cause price depression IMO, however if RBS buy them then cancel them should be beneficial?
Thoughts anyone?