The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
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.
The bigger the restrictions on number of shares per person, the bigger the discount will need to be.
If the shares are restricted it needs more people to take up the offer , and the more people you need the harder it gets to entice them, for example , poorer investors or those who don’t currently invest
Like RMG, I wouldn't be surprised if there's a restriction in the amount of shares able to be brought by one individual.
If the discount turns out to be significant, then all shareholders should consider selling and, if they want to avail themselves of the even better Yield, buy back at a later time.
As Dinoken states, the timing of these transactions, are the tricky bit.
Or sell and potentially get locked out of your high yield.
When HMG announces sale, sp will drop to match discount which Fool floats at 15%. When to sell, that is the question ...
P/E of NWG still 5. Bonkers.
Big Banks on a bull run last few months. Always thought they were cheap a few months ago but didn't buy too many, as always. Amazing how the market seems to change on a whim. At some point I expect to sell, hopefully before any big plunges!
@Staregate
Sector breakout confirmation playing out on the charts.
Excellent observation, most missing this point completely.
Bank sector, broke above price pivot today, and the sector also broke above its time pivot high, from 1/3/24, on 21/3/24.
Sector chart, ought to be first port of call, before serious consideration of an equity, in that sector.
Same parameters as equity apply to the sector chart , look for higher highs and higher lows. DYOR.
I’m just gonna hold
Invest in rolls royce that stocks still got along way to go.
Ask an anonymous chat room obviously!
If my Nat west shares are up from 178p, how do I decide if it’s worth selling this and shifting it to another company in the ftse that has a depressed share price
Surely there are other companies with more ups side than NatWest since its recovery to this price
....and that would make sense Kingalf as they'd surely want nothing to do with a tell sid type privatisation.
Depending on the election date, Labour could well abandon any share sale and instead gradually reduce our holding over time.
Thanks onelongrunner, I hadn't seen that. Good news for market sentiment to banks. Again could be wrong but suspect if Labour has a majority in HoC, they won't need to play the 'windfall tax on banks' card anyway.
Labour have already said they would not attack the banks as they are vital to the success of the British economy.
On taxes, banks pay a higher rate than other companies already.
My limited insight into the world of banking has given me the impression that everything is viewed through a prism of risk and therefore some on here may have a feel for what a labour government could or would do to banks in general and nwg in particular.
Otoh some say we need a strong banking sector, which we do, and I'm sure Starmer and Reeves would agree, but would they dare say so?
Whilst their election manifesto may or may not touch on banking, not difficult to imagine calls for windfall tax following the first decent set of bumper profits. Would a windfall tax be feasible on a bank that is still partly owned by HMG, and if not would that mean it wouldn't happen to any of them? After all it surely it would be unfair, and we all know how labour like 'fairness', to windfall tax the black horse or Barclays but not NWG. On balance I think the labour threat to the banks could be more imaginary than real but I could well be wrong and am interested in knowing what others think.
ANDYmd - the yield on that is currently around 14%, did you know you could transfer to an ISA within 90 days. Hopefully you also contributed to 1.87 and more recently 1.44.
Only hold £1250
178p avg . Bought when it dropped on farage debacle. Couldn’t have timed that better lol
Mo2047, good bye lad.
Have worked for NWG for 21 years, but due to abysmal share performance over the majority of this period, I have steered clear of share saves and BAYE. Thankfully, I am now making some decent returns on my options (my £1.12 3 year matured in December), and it feels like holding cash here is worthwhile again!
Really
Labour comes In expect a crash and raid on banks, hence why I sold