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I guess your average must be a lot greater than mine then.
Depends on your average. I’m a LTH.
10% return except the sp is down 20% from this time last year???????
Brilliant 10%+ return in last year.
Cheap as chips.....
Divi was confirmed on Friday @ 7.00am in the final results "RBS reported an operating profit before tax of £4,232 million and an attributable profit of £3,133 million and proposes a final ordinary dividend of 3 pence and a 5 pence special dividend. "
Market makers,down to shorting, tree shaking won't drop that much now.
Thoight 8p ordinary dividend had been confirmed for 2019-2020 FY? Looks as though the broker expected 13.9p 2020-2021 is a little shaky, but even if it's say 10p, that's still near 5% divi at these prices, hardly a big ssue for me. I'm long term here and bought more the other day, so avg now is 220p. Any drops below 200p and I'll add more. As soon as interest rates rise this becomes an instant bargain IMO and I can wait while reinvesting my dividends in the meantime
Bristolcupid
"jreid - Your post Friday 7.30am - "8p??" "
I was looking for the number to be confirmed.
The real problem is that the Government still own 62.4% of the shares - it has stated that it has no wish to own/run a Bank & have previously sold tranches @ 330p in 2015 & 271p in 2018 therefore it appears to be happy to dispose shares at a significant loss around these levels. Therefore if the sp reaches anywhere near these levels a further Government sale will take place to again suppress the sp for a further significant period.
jreid - Your post Friday 7.30am - "8p??"
Rose now has the scope to raise the dividend, or maintain it if trading conditions dictate, this approach is best for LTI's. Some of us have waited for RBS to pay a div. and can take the long view. GLA
Expectations were raised too high for the dividend payment so i'm thinking the SP will recover with the nearly 4% yield before the 26th of March.
I'm sure our biggest shareholder would want to see a higher price.
@bristolcupid can you please elaborate on "divi very poor"???
if a 10% yielding dividend is a very poor dividend - can you please point me in the direction of a stock which pays a good dividend.
Thanks
“A Rose by any other name..........”
Yes reasonuable results - Divi very poor - hence SP - Alison a little naive?
Yeah - this is now how markets works unfortunaly in this day an age
Gone are good old days where strong result get announced, sp responds accordingly and goes up and then you have a spate of profit taking.
Unfortunately, shorting is now big business, especially in this high tech algorithmic world , where MMs,can control shares with auto bot trading and can manipulate price on any sing of negative news.
You will also find in most cases, sp drop are far more steeper than rises, so a much more lucrative practice if you can manipulate the sp as a market maker.
Banks are an easy target, as there market knows the economic climate is challenging, so no matter how good the news overall is for fundamentals it just takes one small piece of negative news and this will be enough to be used to manipulate the stock.
The other factor to note that is more likely on a decline of sp is the activation of stop losses if the MMs can auto trade the price down. It is far easier to instill fear in the market in the banking industry and therefore likelihood of stop losses are high and if they can move the sp down enough these will trigger an even lower fall.
So the MMs will pump the price sp in run up to results to give the impression there that results will be good and and a further jump post announcement very likely and this attract the buyers and then as soon as the results come out , the will look for anything. I matter how small that is negative and magnify to cause decline. His will produce the biggger profit on the short play. Then if news over all is strong , they will have brought the sp low enough to make going long more attractive, and then there will be a gradual gap up, so the MMs win both ways
This is now hiw high tech trading worlds works and you will find the the best longs are then ones that have had a previous run of shorting to bring the piece down low enough for a successive climb of sp. This is obviously with all things being equal and fundamentals of business are sound.
If big shorts positions are involved plus shorting activists this is a different matter altogether
The experts were expecting the dividend to be 1.5p higher so the price crashes by over 8% at one point, still trying to get my head round that one!