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That's ok. I learned to laugh about it a long time ago. I am still in RBS for a few reasons: I refuse to sell at a loss, I have faith in the eventual restoration of a div and of an sp upon which I can exit at break- even or better (currently 525p) and I really like coming on to this board for discussion. Unfortunately I lack the courage to put more cash in, in order to bring my average down, so it looks like I am stuck here for a while yet.
Sorry mate , not funny .
Shareprice has gone upwards , lol .
The last few months!? Ho ho ho! In 2008 I bought my first tranche of RBS, envigoured by youth and the idea that at 65p, the share price was only going upwards!
Be nice if it is the start of an upturn , ......santa rally comment was tongue in cheek , doesn't really happen these days .Not even sure about the January effect
A very decent rise in the share price today. The stress test results will have will have eased investors fears to a certain extent. Lets hope it is the start of a prolonged cyclical upturn ( or Santa Rally if you like) for the Banking Sector, that has now been long overdue, and will carry forward momentum into the New Year. The last few months have been extremely frustrating for both Day Traders and long term shareholders.
So far , so good . Nicely through the stress test ( good call stagecoach ) and decent rise , start of the so called Santa rally ? .... Does that still happen , lol ?
Always ends lower more often than not .......that's the problem with you pre Raphaelites , too many romantic notions about how the stock market works , lol.
Aye , has been a disappointing year , especially compared to 2014 . Long term trend still up , more or less ,and I agree about future prospects but it aint half taking it's time .Been posting the same thing for a few years now , lol.
The share price just managed to stay above the 300P level at close of trade today. I expect all the major Banks with the possible exception Barclays who have capital requirment issues to scrape through the latest Stress Tests when the results are published tomorrow. The RBS share price has been very disappointing all year, after the promising start we saw at the beginning of the year, the current share price bears no relation to where RBS is currently at in the recovery curve at the present moment. However i am still very confident for the future prospects of this Bank .
Last trade before the bell 304.80. UT trade 302.40. Always ends lower more often than not with UT, what a joke.
You know what they say about picking bottoms .Be interesting to see if support holds or whether the stress test or global issues will push it below , have to admit I didn't expect to see the SP at this level this year but que , sera , sera I suppose .
To be quite honest i dont know where the bottom is with this share at the moment. Good price for new entrants and exsisting shareholders topping up who have the funds available to do this, unfortunately bad news for the rest. may be a small drop tomorrow with Banking Sector stress testing results due out on tuesday.
You anticipating it dropping below 300p ?
Yes Jings i understand what you meant. With Osborne implementing this report. it is a major factor in 25% fall in the share price we have seen this year leaving the Bank grossly undervalued. Although all UK bank stocks are well down this year this should not be the case for RBS who are supposed to be in recovery mode and at this stage of the recovery RBS should still be around the 375P- 400P. You are right the City boys did do alright out of the report. Probably purchase a further tranch this week if share price falls below 300P.
I'd have taken a bet that you were familiar with it ..... My post was meant to be sarcastic .The report gave Osborne the excuse to make what I have always considered ,another bad decision and not one that was in the best interest of the taxpayers . City boys did alright out of it ,nothing new there .
Maybe the Rothschild's are BETTING the other way ! ! ! ! They don't just back banks ,they short them also
Jings i am fully aware of the Rothchild Report and its Free Float theory. To offload a huge tranch of shares to institutional investors at a massive loss in the hope it will enhance future share sales i find it difficult to comprehend and totally unaceptable and detrimental to the UK taxpayer and existing shareholders. The implementation of the Rothchild recommendations have been disastrous for the RBS share price. Resulting in institutional investors now giving this share a wide birth in the expectation of picking this bank up for peanuts in the future. Osborne has now probably realised his mistake and now, will be unable sell any further tranches for quite some considerable time to come with out incurring more multi -billion pound losses on the UK taxpayer. The RBS share price and its marketability for future share sales will only rise on projected income and profits forecasts, not on this dubious and flawed Rothchild Report HMG had commissioned and paid for.
If your going to pay for professional advice , might as well take it . Lol Rothschild’s recommendation There is currently limited trading in RBS shares and its shareholder register is very concentrated by the standards of similar-sized companies. In part as a result of this, it would at present be challenging to make substantial sales of RBS shares that were material in the context of the government’s overall shareholding, other than at disadvantageous pricing. As a result, we believe that it would be in the interest of taxpayers for the government to set in train an initial small disposal of RBS shares. By increasing the free float now, the government will improve the marketability of the remainder of its shareholding, enabling it in future once the bank and the share price has fully recovered to execute larger sales on better terms than would otherwise have been the case. We believe that sending a strong signal that RBS is on the road to normality may also bring further benefits to the bank and to the government as a shareholder. We believe that the current price of RBS shares reasonably reflects the prospects for future recovery and the risks associated with this being achieved. We do not believe that there are any other reasons that would preclude a share sale in the short term or render it poor value for money for the taxpayer. Given the current limited market for RBS shares, any sales in the short term would need to be carefully calibrated by reference to the depth of the market and the current size of RBS’s free float and with a clear objective of maintaining an orderly aftermarket following any transaction.
The shares you are refering to were probably purchased by FSTE100 tracker Funds. I regularly invest these in Funds. They are an excellent choice of investment especially if you are a risk averse type of investor, they can also be quite profitable. Worth looking into The RBS share price at the moment is absurdly low (30P Pre Consolidation Price) partly due to the unknown final bill for the litigation issues. George Osbornes ill thought decision and now U-turn on his decsion to begin the sell off, of RBS shares to the private sector before the bank had fully recoverd. and the fact that the UK banking sector is currently and cleary out of of favour by both private and institutional investors alike. Until then RBS will carry on quitetly building up its Capital postion. In 2016 i believe investors will finally at long last see real postive progress on both the litigation issues and the share price after so many false dawns in the past.
Wouldn't object to a nice slow uptrend , still a few skeletons rattling about that need to be attended to , some that could have a significant effect on the SP . ......fingers crossed it won't be too bad . ATB
Jings100 , I know me being silly ! Hope they start a nice slow upward trend for a bit . Surely all the skeleton's are out the cupboard now ,,,,maybe ?
Should read " they weren't sold on the open market "
Aye, 5.4 % ,, but they weren't bought by a bloke , lol. ......they were sold on the open market but to a number of institutions who most probably will be holding them as longish term investments , so although as you say the price has dropped a fair bit , they may not be all that bothered.
630 million shares, representing 5.4 percent to be right .So who ever brought them are 27p down per share ,ouch !