Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Fiscal watchdog says estimate of loss to taxpayers from the 2008 rescue of Royal Bank of Scotland is 31 billion pounds
despite RBS paying a special dividend on its annual profits in 2018. Thinking about it, just realised I own shares in a company that has lost 31 bill … LOL
Depressed by the ineptitude of Parliament,bought in today.
Also get 11p dividend.
Look forward to £3+ when the EU dust settles.
There seems to be bit of a pattern with brexit. From the moment of the announcement of the referendum shares seemed to rise when there was confidence that we would remain and when there has been some optimism that we might get a deal. Unfortunately the reverse is also true. Fingers crossed that any drop tomorrow is minimal. GLA.
Finally transforming. Slow and steady. The last years broker updates have been positive. Let’s hope they are finally correct. Bought a few more today..
Today's broker note from Goldman helped. Reiterates ‘BUY’ target price 395, potential upside of 51.3%.
On 14 February 2019, The Royal Bank of Scotland Group plc (RBS) proposed a final dividend of 3.5p per ordinary share and a further special dividend of 7.5p per ordinary share.
Proposed dividends
Dividend Ex. Date Record date Payment date Div rate (p) ADR FX rate*
Special 2018* 21 Mar 2019 22 Mar 2019 30 Apr 2019 7.5p TBC
Final 2018* 21 Mar 2019 22 Mar 2019 30 Apr 2019 3.5p TBC
Brexit optimism - smooth transition hopes. Depends on tonight's vote. If May gets approval, then today's good rise will seem puny compared to the rise that will happen tomorrow (IMO).
Previous close 257.10 / current price 265.90. Wonder what happened this time?!
It's more the principle that I was getting at. The roads are getting worse every year ... and it's about time someone paid for them to be resurfaced.
62.4% but hey don't let the facts get in the way of a good story ... ...
https://www.bikebiz.com/state-of-uk-roads-is-putting-lives-at-risk/
RBS - £20 Billion bailout ad fresh cash injection (as well as zero percent rates so nothing to pay to savers), 83% owned by the government, and yet the roads in this country aren't even getting repaired anymore. Greed anyone?
It's just a battle isn't it - everyday it's a battle. The people without enormous wealth want an improving standard of living - more cars, better pay, better healthcare, more holidays. The people who already have vast wealth are mainly worried about protecting what they own - hence the interests of the rich and of the majority are completely diametrically opposed to each other. Hence it's an ongoing battle, just as it ever way, and always will be I suppose?
How many more skeletons in cupboard ? How much will this cost ?
RBS sued in the US
Reuters reported yesterday that RBS and Bank of America were sued in the US over their alleged roles in a conspiracy among eight banks to rig prices in the $9.4 trillion European government bond market. The proposed class-action complaint accusing the banks of violating federal antitrust law was filed on Monday night in District Court in New Haven, Connecticut, and followed a January 31 announcement by the European Union’s antitrust authority accusing the eight banks of being part of a cartel to distort bond prices from 2007 to 2012.
While the commission did not identify the eight banks, the newswire said that media reports had suggested that Bank of America and RBS are among them.
Possibly. I have looked everywhere and could not find any reason for the drop yesterday. Direct line results were announced yesterday and they were a mixed bag. However as they are now independent of RBS don’t think they were the reason.
Could this explain it?
https://www.proactiveinvestors.co.uk/companies/news/215835/rbs-and-bank-of-america-reportedly-being-sued-by-us-investors-over-european-government-bond-market-cartel-215835.html
Well someone has sold for sure. Looked at the others - can hardly miss with such a wide prediction but BT.A is above mid.. I will be interested to see if the website disappears pdq.
Not looking good this morning - wind of bad results - government sale? Any ideas?
Gone wrong already LOL - hope it comes right though..
Agree with Berensen's new target of 340p on grounds that 'directed buybacks can offset headwinds from the government's stake sale'. They anticipate buybacks of £1.0bn in 2019, rising to £1.5bn thereafter and believe RBS could return about £3.8bn of capital over the next three years. Would have been sceptical of these projections just last month but for once, RBS appears to be delivering.
The share goes ex div on the 21 st of March so will pay out 11 p per share. On the 22 nd of March the share price should drop 11p to reflect this. It shows a drop of only 1.5 p so probably a load of old baloney.
I came across this website that forecasts the share price daily over the short term, and monthly over the medium. It's all looking pretty rosey for RBS. Wondered if anyone had any opinions on this site and its forecasts? Reliable, or a load of baloney?
http://poundf.co.uk/rbs-share-price-forecast
bakerrabble & LennyMac. I do remember trading the share at the beginning of 2007 for around £59 before the first and second stock splits that occured in 2008 prior to the financial crash.
It probably was £5.25 in October 2008 after the crash from a high of around £70 when at one point RBS was the biggest bank in the world. There was a share consolidation back in June 2012 whereby you got one new share for every 10 previously owned
Or maybe it was 52p... I can't remember. All these years of pain have addled my memory. I thing we are going upwards from here though.
I bought in at 525p in Oct 2008, and RBS tanked immediately after. Held ever since.