Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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Sorry ,....bit obtuse with that one ,I was alluding to the FED meeting on the 15/16th of Dec. Possible / probable interest rates rise which should be good for the banks , at least in the short term . ......BTW welcome to the board .
Jings I have probably missed it but is there any reason for the 16th?
Keep taking the tablets at least until the 16th ,lol.
I am looking at my screen not only is RBS in the blue for today but it's fronting the rebound with my other Banks even LLOY a bit behind which if find a bit strange better get my medication checked out or maybe something in the coffee ...I Think RBS management must of eves drop on yesterdays board chat lol Come on Santa get one boot on to start the rally !!!!!!
Looks like another bloodbath on the FTSE tomorrow. DOW gone from 200 points up to 100 points down in less than 2 hours.
Recover back to above 300p in January when fund managers, investor etc start placing their money back in the market for 2016.
Is this as I have stated the YTD drops earlier which back has the most upside for investor now out of 3 banks mentioned..... Lets say a 50% upside in a year so ....can barc hit 325ish,,, or can lloyds hit £1+ or this is were I am scratching the round thing between my ears can RBS hit 450ish which is not a lot to ask for as the news has been the same for years maybe after the restructuring and litigation has been settled stands a good chance
Yes spot on mate Gov Holding just over 9% left,,, Treasury said it was going to complete the drip-feed sale of the state-backed bank, with the deadline extended to June 2016,,, as the shares have taken a bit of a battering I think it's a good idea
Mailman might have something to say re the trading advantages of the RBS extreme 'lows'.
Yes, good chat. A few months ago we were discussing whether or not GO should sell cheap to get more of RBS back into regular play. That would seem to be at least a part answer to your concerns?
Interesting posts guys ......BTW ...HMG holding in Lloyds currently about 9 /10% .
http://www.theguardian.com/business/2015/dec/09/rbs-pays-238m-to-settle-tax-evasion-inquiry-into-coutts-swiss-operation Looks like Santa is trying to get one BOOT ON can do with a close above 295 for today lol
I do agree with your observation that factors that have negative impacts on the FTSE have seemed to affect RBS in a much more pronounced way but this has been an issue for RBS for the whole period of state ownership. RBS hasn't just started dropping significantly when the FTSE falls in the last little while; it has been doing so for the whole period you have described as 'old news'. When the market has fallen since 2008, RBS has fallen faster and by greater amounts than almost everything on the index. Your observation for the year to date has been duplicated in every year to date since 2008.
I take the point about the situation being a longstanding one. However, look at the respective situations of the banks you have listed and the external conditions which currently prevail: The FTSE is down by more than 6% due at least to the factors you've set out because masses of cash have been withdrawn from equities globally. As a result, both BARC and LLOY are down by more or less the same amount. The bigger drop in BARC could possibly be explained by its ongoing implication in a number of international rate rigging scandals. However, both BARC and LLOY have paid dividends this year and as far as I understand, BARC owes nothing to the government and LLOY is now around 20% state- provisioned. This explains why these banks have tracked the FTSE much more closely: their falls are characteristic of market- wide drops in FTSE companies. RBS is an entirely different proposition: no div, close to 80% state ownership, and regardless of whether the circumstance of state ownership is old news, it is still very pertinent to the value of RBS shares. It is not that anything has changed in the last 8 months, but on the contrary, for RBS, practically nothing has changed. Its dire situation relative to the other banks means that when cash is withdrawn from equities generally, it really hemorrhages from RBS.
Looks to of stabilized a bit.... Drops are a bit more in line with rest of the banking sector """which is palatable""" Lenny Going back maybe 5 to 6 years back RBS and LLOY were almost neck and neck with the share price 50 to 60pish range.....I take every thing on board about LLOY HBOS acquisition and the amount of assistance provided to both banks, also RBS restructuring cost , Gov selling of most of it's stake in LLOY ect ..... But this has all been known for years it's all old news ..... My point is this in the last 8 months banking sector is down I get that ,,but RBS share price drop has accelerated faster then all other banks .... when it comes to problems in Greece and China, drop in oil or commodities RBS is front runner in the declines out of the banks and when the Greece and china story cools off RBS is still left licking it's wounds and does not get a chance to get back up before the next fiasco.... Now the news that has spooked some inverters was comments ref to restructuring cost and litigation charges as well as the lack of progress ....also the Gov selling RBS 1st tranche at a loss hasn't helped why did they not wait was GO looking to stimulate inverters appetite well he made a mess of that or did he know the price was going to tank ????? Ftse down -6.73 ytd Barc down - 9.55% ytd Lloy down -6.63% ytd RBS down -26.85% ytd the -26.85% is what I am on about the news has been the same for the bank for the last seven years bailed out bank blaaar blaaar ect ect what has changed in the last 8 months to justify the extra drop in RBS ....SANTA better get his BOOTS on quick LOL
Although the amount of assistance provided to LLOY was substantial, it was dwarfed by that provided to RBS. Additionally, the size and structure of RBS that has needed to be unwound is also much greater and more expensive than LLOY, the acquisition of HBOS notwithstanding. In short, although they are both banks, their relative circumstances are significantly different and we should neither expect that the sp will behave in the same way, nor that the remedies to correct their respective situations should be the same. If LLOY had been 80- odd percent owned by the state then perhaps the observations that you have made about RBS would have applied equally to LLOY.
Hi all Bank's trying a small bounce back in the morning didn't last long.... RBS was yet again the slowest of risers.......So when markets start dropping,,,, out of the banks RBS yet takes the lead at dropping the most and yet also hitting new year lows ........I am in LLOY, BARC and RBS, but RBS is down 27% YTD ......Lenny my point is I understand stock's go up and down take a look at LLOY also had a great amount of material assistance but the progress and comments from management are more in line with what a investor expects and when the banks drop LLOY drops are more acceptable and when the banks rise LLOY is a leader....RBS drops have accelerated Q1 onwards http://uk.reuters.com/article/uk-rbs-results-idUKKCN0SO0ML20151030
Are you really suggesting that the reason that the RBS sp has dropped is because of the narrative coming out of RBS HQ and that a reversal is possible if only the management would say something positive? You'll obviously know that of all the banks bailed out by the UK government, that RBS required the greatest amount of material assistance; that it is the worst performing of the banks should really be no surprise to you. Yet both your recent posts imply disgusted surprise.
Hi , think you can blame OPEC for this one ,or maybe more accurately the fall in the oil price . Have to admit I thought the price would hold at around the 300p mark then start to climb , looking more like 275p at the moment , which isn't what you want to hear , where will it bottom out ,....no idea . Hope life aboard ship is treating you both well even if the market aint .........Never got to Maidens BTW , ....The best laid schemes ,lol.
Only hit a new year low a few days ago and at it again today the miners maybe getting a hammering today but have noted that RBS tags along for a hammering party every time no matter which sector is taking a hammering and when it's a rally time RBS can not turn up for the party.....Wworst bank out of all banks I think someone has to take charge of this and make a few positive comments other than saying prepare for more misconduct and litigation
PAN PAN what has happened here? Its more than a falling knife this morning and not too pleasant unless your a Shorter.
Just look at RBS share price for a joke back around 300 or 30p can understand it being around 30p in 2008/2009 but we're now in 2015 moving towards 2016 and it's still a JOKE
DAX up 200 points, the FTSE up 10 points. The DAX up 15% this year the FTSE down 2%. There lies the problem with this a most FTSE 100 shares.
We are in a difficult climate for market forces and predictions. I still think the UK is shaping well and is likely to keep improving, though I don't like the debt situation. Somehow that has to be overcome, we can't keep maintaining such high borrowings. I agree there won't be any great buoyancy in the market and the Banks need that for their SPs to benefit, especially RBS. The next few months will be important. Like jings100 I cannot see 500p for at least a year, possibly two to three. BKG, TED, BATS, and a few more have done quite well this year and could keep going, AZN looks a good punt, maybe also BLT.
NeepHeid might well offer a different opinion but at that level I'd guess 2017 before it gets close and that's assuming no dramatic negative changes to the economy or the bank . Gonna have to be patient for a while yet IMHO . Cash seems a reasonable place to be at the moment although there must be better investment opportunities out there , NeepHeid's the man for advising on that .