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Shore - buy from hold
If the SP can drag itself back up above 300p a 33p special divi would be magic. Looks like the recent positive inflation has given all bank SP's a kick in the right direction.
Why not, regulators does not care, all about legality. Govt will be happy to get 33p.
However it may be unlikely IMO unless as other possibilities like buyback becomes too difficult.
* assuming the stress tests go according to plan
it would be a different ex-dividend date, yet to be specified....they aren't even sure they are doing it, sounds to me like they may put it to vote from what ive heard in the press.
A stupid statement issued by the RBs board, Financial Regulators would never entertain the idea of the bank paying out a special dividend of 33P per share
The main priority for RBS is to return the bank to private ownership as swiftly as possible before it falls into the hands of a future labour Government.
Just for clarification,would the special divi,if sanctioned, be available to all share holders from now (i.e buying from today)or would they take the ex-divi date for the 2p divi as the ex divi date for the 33p?
Yes your right Philpot 33p Special Dividend or a buy back direct from the Gov who still hold 62% of RBS both have a positive result for shareholders .....
This will be discussed after the BOE stress test results, so it may be up to 33p which is a round about number from the £4bn surplus capital ......RBS Core Tier 1 Capital is currently above 16% and the banks target is 13 to 14 % so 2% Core Tier 1 give the £4bn surplus capital but only dependent on the results of the stress test if adjustments have to be made to the bank then we can all expect a adjustment in the Dividend.....
We need to get past this bloody 250 and 270 and 290 levels first Hopefully this Brexit Bullshht will be over soon so this can tick above 300p then if we get a buyback that's OK ...... if we are still pising in the wind in the mid 250's then I am happy with taking the 33p special dividend and will just sit around for the share price to then tick up to 300p...
Which ever way most of us need this to get back to above 310p as a minimum maybe a Santa Rally will also help lol.........
looks like its a potential toss up of 33p / share dividend, or share buyback direct from the government. hmmm. share buy back at Lloyds didn't seem to do a lot, but then again GOV dumping shares here sank us quite a bit. Really not sure. Either way its seemingly a win win.
have I read this correctly in the press? A potential special dividend of 33pence PER share? That's huge!?
http://www.morningstar.co.uk/uk/news/AN_1536818279593333600/press-rbs-considers-gbp4-billion-payout-to-shareholders.aspx
Will be interesting to see if RBS outperforms Lloyds although we might be waiting a while given current market outlook. Not sure if there will be a clear view until March 2019 and even then it will take a couple of quarters trading to determine the economic impact. Would love to hear more optimistic views
http://www.proactiveinvestors.co.uk/companies/news/204750/lloyds-to-be-hit-worst-by-intense-mortgage-competition-says-goldman-as-it-moves-rbs-up-to-buy-204750.html
The momentum and the recovery in the share price and dividend reinstatement ealier in the year is now being gradually eroded away. Both the RBS board and the Government need to make more of a concerted effort and force their hand to get this bank fully back into private ownership before future economic and political events finally engulf it.
At present UK listed banks are experiencing a torrid time in terms of share price performance, but they can be no excuse for a current RBS pre consolidation share price of just 24P, at this late stage of the turnround of the bank almost fully complete.
I believe it was buying ahead of shares going ex dividend today. That's why they have now fallen back to where they started.
Two days in a row in declining market. Anyone any idea why ?
Brokers summary (Barclays) shows trend in broker ratings having moved from one end of pendulum to the other over last year with steady improvement continuing over last week and month. Now no less than 12 buys 8 holds and no sells compared to majority sells a year ago. Not sure it can get any better.
Citi group have updated their recommendation to buy from hold, with a target of 300p
Positive thinking from HSBC : Analysts at HSBC sounded a more positive note on RBS and Barclays on Friday, but not Lloyds, following the 15-20% decline in their share prices over the past three months, on the back of concerns around geopolitics (and Brexit).
Nevertheless, while valuations for the three lenders had improved, with all of them now looking simply 'oversold', their 'operating story' had not, they said.
They were particularly more upbeat on RBS, raising their target price on its stock from 280p to 290p, while upgrading their recommendation from 'hold' to 'buy'.
Barring a 'hard Brexit', or other significant 'macro issues', RBS should see "modest" revenue growth, HSBC said.
More importantly however, the shares had underperformed those of its peers as hedge funds looked to turn a quick profit from the government's sale on 5 June of a 7.7% stake in the lender.
With scant liquidity in the market, their price took a hit as the hedge funds sold, with institutional investors having remained on the sidelines during the placing for a "variety of reasons".
But another placing by the government was deemed unlikely in the near-term and RBS should be able to begin buying stock in early 2019, thus reducing the overhang in its shares, HSBC said.
What an advert for the bank. According to Times, RBS had to put up posters in all its branches letting everyone know it had managed to achieve bottom of the league table for customer service. On reflection, if my experience with three other banks is anything to go by, coming last took some doing ...
Daily Mail?! No doubt RBS is a cause of cancer too.
The blokes a fool.... He should forced to stand down for that...
Beyond belief ...
http://www.dailymail.co.uk/news/article-6065021/RBS-Royal-Bank-Scotland-threatens-Europe-hard-Brexit.html
Jambon - fred certainly walked away ok, very sorry to hear about the staff suicides. Bemused to hear that his office has been left exactly as it was when he left (no kidding), I presume as a shrine to his extraordinary achievement in nearly bringing down capitalism more effectively than any number of socialist/communist figures have ever managed in the past.
I certainly don't want to get too much into it and become a Lloyds forum asylum,
But personally I think its unlikely we will get a no deal - I think there will be a bit of give and take and well get some kind of flimsy half brexit deal. As such im holding - also I don't have a huge holding here, so if it did collapse to 160p I would heavily average down (bearing in mind the dividend that's likely to be circa 8p over the year becomes 5% dividend at 160p). Also its possible in 2019 the dividend could be even higher.
However each to their own and I understand fully people selling out. Sorry to hear about crystalising losses.
Was that before they collapsed they advised staff to buy and hold large amounts of shares as a good pension option etc.. Those people that held large amounts of shares for their pension are still 96 percent down... My mrs worked for rbs and there was a few staff suicides due to the total collapse of people savings and pensions... Good ole fred walked away ok though! They always bloody do
Who wants the 2p? With a no deal scenario, this could drop 80p to 160p! Sold all for 244p yesterday at a 5% loss.