Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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We are on the “Onwards and upwards” track here. Brexit malarkey aside, the prospects here are great.
This group is a better, stronger entity than the one 10 years ago. The market has lagged behind and needs to catch up with the value here.
It's a complete scam ...perhaps these people are sending emails to themselves from various different email accounts to look like invoices from suppliers (which in the end turn out to be fraudulent). Then they pay the money ...it ends up where it's not meant to be (but how do we know not in an account which a friend of these people have access to) and then the original person claims the money back from the back (saying they had been conned into paying an invoice to an incorrect account). Hence these people would have ended up both with their own money back as well a compensation payment from the bank for a fraud which they themselves committed.
Complete joke ...far too easy to scam UK banks ….shareholders money literally being given away to crooks as the banks do zero to educate citizens that this type of fraud couldn't happen as they have systems in place to stop it...rather the opposite seems to be true ...they seem to want to assure customers that you will be compensated for any losses that occur as long as you haven't done something silly like written your PIN down on a piece of paper in you wallet. However this gives investors zero confidence that there aren't large numbers of businesses/people creating fraudulent invoices/emails...transferring the money to an account which their friends have access to...and then claiming that same money back from the bank in question.
What a joke...and why is the government always on the side of fraudsters rather than shareholders?
NW/RBS have actually been pivotal in setting up a fund, together with other banks, which aims to provide financial support to customers who - despite all of the education/awareness about how to stay safe online - are still conned into logging into their own accounts and sending money to fraudsters themselves. I don't know any other business that does anything like this. Do you think John Lewis would provide a replacement if some random person knocked on your front door and pursuaded you to hand over your brand new 4K TV? No chance, and no one would expect them to.
That also goes for all the major banks. I am on TPS, XD and I still get one scammer calling from India a week.
People should suspect all calls and tell them to write a letter.
Saddened to see Natwest and RBS personal customers having their accounts hacked and then scammed of their savings. But worse is the frankly lame response from bank blaming the customers for moving their money and offering no compensation. The circumstances that convice customers to move funds are quite compelling.
Seems scammers hack into accounts, get full customer personal and payment details, change account name to frozen/under review/suspended before phoning customers displaying the same number as the banks fraud line before persuading customer to move money to a 'safe' account. Needless to say, that is the last the customer ever sees of their money and banks claims not to be not responsible for what sounds like a major security breach. Don't think we have heard the end of this yet ...
The expected dividend is always in the price prior to the XD date, the rest is Brexit effects and uncertainty.
Personally, I sold prior to XD and have just bought in again much lower.
It is just those who were with RBSUK and NW Scotland (just businesses), which was part of the deal with the EU.
This has all been provided for in the past accounts. The likes of Metro Bank and other new entrants can offer this.
I am being paid £3k to switch my business account to another bank from RBS to meet the Governments requirement to downsize RBS, not sure if this is going to be helpful towards for any long term SP recovery, if this offer is going out to all customers
So much for the divi, to me worth £760, lost £1,200 through drop in SP, in future cell before divi
Just about to call you a merchant banker when realised that the sp shown above and in watchlist had not been updated since yesterday (showing 266.2 instead of 250) ! In fact, you are quite right :-( What is it with this site - so many problems recently.
Special+Final dividend = 11p per share. However, if you'd sold all your shares at yesterday's high, and bought back at this morning's low, you would have made 22p per share + whatever gains from SP going above this morning's low. Hindsight. :-/
Okay thanks, makes sense now.
Did this open 5% down?
https://uk.finance.yahoo.com/news/valid-voodoo-monetary-theory-may-appeal-europes-age-071342673--business.html
In a research note titled "The age of rage, what populism means for markets", Rabobank market strategist Michael Every said investors should expect populist parties to use MMT to bolster their calls for higher public spending.
Markets should "to prepare for a far higher risk of truly paradigmatic shifts ahead", Every warned.
https://uk.finance.yahoo.com/news/valid-voodoo-monetary-theory-may-appeal-europes-age-071342673--business.html
Don't know why I bother anymore - clearly the system can be broken by small cartels of people and the vast majority of shareholders/pension holders lose out massively. WorldPay was just sold for $43 Billion and used to be part of RBS. What other assets did the UK banks let go for a fraction of their future value? Enriching the 1% at the expense of the shareholders of UK banks and the pension funds which also used to hold UK banks (and therefore why the pensions of millions of UK citizens have been decimated compared to what they were previously promised/told to expect). In 2005 a £300,000 penion pot would buy an annuity of about £30,000 per year, now it is about £16,000 per year. Yet in the intervening time the cost of everything has increased .... houses cost more .... energy bills have doubled .... petrol prices have gone from £0.85 litre to £1.20 litre .... flights have doubled or more in price ...and food has also increased in price. Economically the scale of the disaster has been well hidden by the media as the government was actually fairly well aware that an impending disaster was about to unfold .... but as it suited the 1% then they broadly went along just trying to prevent popular unrest rather than actually trying to cause the 1% to think about the damage to the nation that their plans for the future were about to create. Terribly sad/unjust in my opinion.
Don't know why I bother anymore - clearly the system can be broken by small cartels of people and the vast majority of shareholders/pension holders lose out massively. WorldPay was just sold for $43 Billion and used to be part of RBS. What other assets did the UK banks let go for a fraction of their future value? Enriching the 1% at the expense of the shareholders of UK banks and the pension funds which also used to hold UK banks (and therefore why the pensions of millions of UK citizens have been decimated compared to what they were previously promised/told to expect). In 2005 a £300,000 penion pot would buy an annuity of about £30,000 per year, now it is about £16,000 per year. Yet in the intervening time the cost of everything has increased .... houses cost more .... energy bills have doubled .... petrol prices have gone from £0.85 litre to £1.20 litre .... flights have doubled or more in price ...and food has also increased in price. Economically the scale of the disaster has been well hidden by the media as the government was actually fairly well aware that an impending disaster was about to unfold .... but as it suited the 1% then they broadly went along just trying to prevent popular unrest rather than actually trying to cause the 1% to think about the damage to the nation that their plans for the future were about to create. Terribly sad/unjust in my opinion.
270 folks...
Have that many tips, one bound to hit one day;)
I think Dinoken is making his point with a touch of sarcasm onelongrunner
If that’s your view, you should press the sell button first thing Monday. Motley Fool may just be right.
Sadly, market closed so will have to wait until Monday. Just picked up on the horrendous news that RBS has been tipped by Motley Fool. This is clearly the end …
Had a quick look at their article which wittered on about how RBS has paid off its legacy issues (not mentioning the latest skeleton revealed just this week) and not referring to the fact that the next labour government will keep control and use RBS as its own cash cow.
I learnt a very long time ago not to rely on the Government/ Society to determine how I live. Anyone who does, is in deep pooh. Not because Society, if there is such a thing doesn’t care, it’s just there are too many of us for it to make much of a difference on the micro level. If I am not happy with something eg a job I move on. It’s not the Governments fault that someone may be having a crap life. Obviously if someone is physically incapable of looking after themselves then Society should quite rightly help out. Likewise if some one finds themselves in a position beyond their control eg redundancy, then yes,the State should help in these circumstances on a short term basis. For able bodied persons you should determine your own destiny and not rely on others. If others are doing well in Society then we should congratulate them and try and learn the secret of their success, not deride them as a bunch of greedy fookers.
Profit or loss is only realised when shares are sold. Until then all figures quoted are just noise.
Except the system is still a failed system isn't it? Or perhaps when I walk around I am seeing a different reality to you and also judging it by different standards? But a million people using food banks, zero hour contracts, annuity rates cut drastically after 2007, public sector pay (except for doctors and senior managers/CEOs/directors) capped at 0% or some years 1% if they were lucky. Also many sectors falling drastically in share price, first banks, and later UK retail, grocers, and telecomms, energy companies - those providing customer services as well as energy supply (such as SSE and CNA).
So £27 Billion doesn't sound a lot perhaps - but why don't you find out all the details about how it is calculated? Numbers do not really reflect the impact of financial events on people's standard of living. I wonder how many would have had to adjust their standard of living downwards post 2007 - due to the previous financial promises to them being broken? If so are they happy about it? And in a Democracy if the majority aren't happy they will vote against the government - wonder what will happen in the next General Election? Anyway, not that elections are the most important thing to people who actually care about the general standard of living that is being created in the UK?
So what do people think of their own standard of living, that in their local area, and that within the UK generally? Has it generally been improving or worsening? If so in what ways? What do you like about the way the economy is changing and what do you dislike? Has your own lifestyle changed and was this due to personal choice or being forced to adapt to changes in price? And, whatever the reason, do you think the general lifestyle trends you are seeing benefit you or not? Are you getting healthier? Fitter? Richer? More socially connected? Have more opportunities or less? Have more choice or less? Have more holidays or less? Have more time available for your hobbies? Are already benefitting from automation, or think your family will benefit in the future? Agree with the general vision for the economy proposed by the government or not? Think the government can influence the economy much or not (is it really influenced by the decisions of individual companies doing their own things?)
So JABH, you have raised a good point that £27 billion is only £500 per person for rescuing people's savings from decimation - if the banks had collapsed and the debts had to be paid off by the rule book (using first bonds and then customer deposits - as the share equity was apparently worthless).
Also, was this bailout actually large enough is then perhaps another question to ask? Did the government get value for money in terms of achieving David Cameron's strategy for fixing the UK? Or is it still a case of broken Britain? Also what sort of things would increase people's standards of living - e.g if the next government coming into office in 2021 had £50 billion for a fresh economic b
There's also press coverage today reporting that the total cost to the UK taxpayer of rescuing all of the Banks combined is actually in the region of £27bn. As a UK taxpayer I'd say that's a reasonable sum for preventing the collapse of the economy due to the failure of an entire system (banks, borrowers, rating agencies, investors, regulators, government etc).