London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
AKA I know it's a bank holiday weekend but its early to be drinking dont you think?
Bank of england predicted today a V recovery and back to pre covid levels in the economy in 12 months... government using the banks as a vehicle to fund buisness and going as far as 80% cover for loans to companies subject to bank checks and 100% cover of small buisness BBLS, that carry a 2.5% rate after 12months for up to 6 years.
80% cover and 100% cover.... yeah I can see your point about lack of support from gov.
With regards to the hit from bad debt... I think that was outlined in recent results, which the market reacted very positively to.
Please explain the governments lack of support to banks
IMO, the banks are not the place to be at present, unless day trading.
If you take a look at the support from Government diminishing and current forecasts (if you can call them that) from the BoE, we're heading in recession (no surprise there) and unemployment will rise.
How big an exposure to unsecured loans do the banks have when the IVA's start flooding in....
There must be huge gains to be had at these levels..1.50 will be here in a couple of months IMHO
There must be huge gains to be had at these levels..1.50 will be here in a couple of months IMHO
I hold these, I agree the SP should be higher according to broker ratings, at least £1.30 but what is going to push them there? I can only see more bad economic news coming. Q1 had hardly seen an impact from Covid 19, provisions set aside mainly, Q2 doesn’t fill me with confidence, especially as the chancellor is already talking about winding down financial support in July.
It’s going to take some seriously good news to get this moving and I’m not looking to the ECB or BOE for that. IMO.
Today
8m sells
38m buys
Follow the money 30million pounds isnt wrong imo
Not in here at the moment but you've got to ask what is going on with the SP??
I thought they were being rebranded as NatWest - that’s always been good as are the 9%prefs!
Ha ha Not thought of that 1 for 10 consolidation ...again. Then they can throw us a 2p dividend next January and we should be grateful.
RBS is best capitalised bank. It has £78bn worth of cash and its CET1 stands at 16.2%, the highest of any of ‘the big five’ banks
Time for the next 1 share for 10. ‘Consolidation’ - it could go on for years with savers getting nothing and shareholders being milked
Any predictions for the SP by the end of May.
Also realistic timescales to get back above 200
Hopefully the US and Chinese don't start any trade war to make the market any more uncertain. I strongly believe in the recovery of share price but it wouldn't be that smooth.
Slaughtered at last and not a moment too soon ... (BO)
Yeah £1.30-£1.50 in short term
A few broker upgrades and we will be there
Not too shabby results - better than expected anyway. I also suspect there will be a lot of pressure on the Banks (RBS in particular) to declare significant Special Dividends next year to compensate for the loss of dividend this year - lets face it the Government (66% Shareholder) will need all the cash it can acquire - so at these levels good potential for both growth & income maybe?
Should hopefully see £1.30-£1.40 again
Much better than Lloyds but obviously not as good as Barclays but clearly the bank is not in any trouble now or in the future with a tier one ration of 16.9%.Hard to believe but in the last crisis we bottomed at 10.5p (£1.05 in new money) with a CET1 of in those days of 3% .Very different story today , you can now buy RBS at nearly the same distressed price as ten years ago but at a fraction of the risk.
Note: RBS peak average over the last 5 years is around £3, Lloy 65p and Barc £2.20 meaning RBS offers the best returns .
£1.30 today?
..broker upgrade near £2 from memory. (my keyboard went mad and posted early)
I thought yesterdays drop was manipulated, we also had Barclays issueing a
results are not as bad as expected...Expecting a rise on open... Operating before Tax over 500M.....CET1 Ratio of 16.6%...Higher than Q4 2019.....GL All OF
The market has extrapolated and priced in based on Lloyd's updates today. There is the question about how the bank has been impacted in Ireland. Also the investment bank will not have done as well as peers as its in wind down mode. Share price will probably hover around where it finished today??
loads of sells today !
Garydav2 would be nice to see it go up tomorrow ,but I don't think it will unfortunately
Nice deramp there Halfmist. Well the price has fallen 8% today with the FTSE falling 3%. Wouldnt be surprised if this goes up tomorrow