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shale - where did you get the dividend dates from ? Thought dividend was waiting on US DOJ settlement and that dates were yet to be announced. Would be happy to be proven wrong ...
They reckon out of all the U.K. banks they are in a better position than most to weather the Brexit storm with their cash reserves. Time to top up me thinks.
Thank you Shale2020. Does this mean you could buy the shares on the 22nd and sell on the 24th and qualify. In theory. Asking for a friend... 😉
Hit my average price today. Still think this is a great price. Must rerate to 300p+ soon.
You must hold the shares on 23rd August. Payment will be made on 19th October.
Forgive my noob-ness but what are the rules for qualifying for this dividend?
Confirmed good luck it's the start of the long recovery road back here from now on :-)
Time to go to the shops and buy the sweets ... 2x 1p mojo sweets thanks RBS
Analysts are expecting dividend announcement in results on Friday (2p predicted in this article)...
http://www.thisismoney.co.uk/money/markets/article-6002857/RBS-set-pay-dividend-crash.html
They will continue to compensate customers but the amount they have allocated and expect to pay is surprisingly small.
My understanding is they still have to compensate customers affected, just that FCA won't be chasing further punitive action
RBS have got away with it ...
Reuters today - 'Britain's markets watchdog said it will take no enforcement action against Royal Bank of Scotland over alleged mistreatment of its small business customers in the wake of the financial crisis'.
Fool not convinced ...
The City thinks this will begin with a 7.7p per share dividend in 2018, a figure that yields a chunky 3.7%. And the dial moves to 6% as a full year of expected payouts nudges the annual total to 14.8p.
However, investors remain cautious as to whether RBS will be able to meet these estimates. Dividends appear to be closer now than at any point since the financial crisis, but the company’s wafer-thin balance sheet and murky revenues outlook amidst a slowing domestic economy could see these projections fall flat.
Police, FCA and bank all investigating GRG … from the Times
Allegations that a former Royal Bank of Scotland manager solicited bribes from small business owners in return for showing leniency towards their troubled companies are being investigated by police, The Times can reveal.
A former banker from RBS’s notorious Global Restructuring Group is alleged to have demanded tens of thousands of pounds in cash from customers in return for forbearance on their debts.
The allegations, which are subject to a criminal investigation by Police Scotland as well as an internal inquiry at the bank, exacerbate the scandal at GRG. The claims go far beyond the sharp practice and unethical behaviour the bank has already apologised for and no individual has yet been prosecuted for the actions of the division.
Next week the FCA is expected to announce whether senior RBS staff or the bank itself will face enforcement action over the GRG scandal.
A mandatory single basic savings rate paying a fair rate of interest for all longstanding customers could also be beneficial for the banks in terms of customer retention levels and account switching, saving the banks costly administration charges.
Difficult to believe FCA has come up with such a stupid idea ...
FCA has suggested a basic savings rate for cash savings accounts, as it noted concerns that savers who stick to the same bank or building society get poor returns on their money. Beauchamp said this would "doubtless hurt revenue at a time of (almost) record low interest rates".
Berenburg Bank are a privately owned bank who primarily operate in niche banking operations and are now skewed towards investment banking and capital market transactions, and are still very much on a steep learning curve when it comes to valuation and analysing UK retail banking business models.
Hopefully. May sell up is I see 270s though.
About time this share started moving upwards .Maybe the results next week will help it keep rising
At least someone likes RBS ...
"Choose cautious RBS over risky Lloyds, Berenberg says
LONDON - (Sharecast News) - UK banks are out of favour with investors but it is possible to differentiate between the riskiest, Lloyds Banking Group and Royal Bank of Scotland, whose cautious strategy is paying off, Berenberg analysts said on Monday.
Because of doubts about Brexit, politics and the economy, sentiment towards UK banks has rarely been lower, Berenberg's Peter Richardson said. British banks trade at a discount to their European peers and there is little investor interest.
Banking trends such as revenue growth and loan losses appear stable but they are fragile, especially for consumer credit, Berenberg said.
Consumer default rates have risen for the past five quarters, consumer credit is too cheap and borrowers may struggle to repay as interest rates rise.
Outright failures of Bank of England stress tests are unlikely but Lloyds is under the most pressure whereas RBS will pass the test without management action, Richardson said. RBS has 40p per share of excess capital and trades on a lower multiple than Lloyds and Barclays, while capital return hopes for Lloyds are too high.
"While broad-based respite from the current negative sentiment is unlikely given ever-present political and economic risks, greater differentiation between UK banks is possible," Richardson wrote. "Avoiding cyclically-exposed banks, in particular Lloyds, is essential."
Berenberg maintained its 'sell' rating on Lloyds and 'buy' ratings on RBS and Standard Chartered, whose success in growing low-risk client revenues is overlooked. Richardson kept 'hold' ratings on HSBC and Barclays. Price targets were also unchanged at 60p for Lloyds and 340p for RBS".
They did the same with the other banks too, did you notice the 'buy' rating target of 245.7 what it was 245 on the actual day?
They have been the worst for quite a number of years failing to call it correctly.
In addition , worst performing bank themselves too.
monkeys - I think Deutsche Bank are on to something - but I know not what. Could this low price be related to Brexit ?
Yesterday, Deutsche Bank today reaffirms its buy investment rating on Royal Bank of Scotland Group (The) PLC (LON:RBS) and cut its price target to 245.70p (from 268.40p)
hxxp://www.stockmarketwire.com/article/6053418/Broker-Forecast-Deutsche-Bank-issues-a-broker-note-on-Royal-Bank-of-Scotland-Group-The-PLC.html
Credit rating raised to positive. Surprised this qualifies for RNS. Must be desperate for good news.
Certainly not the local friendly bank that it once was. Been with them the best part of 50 years because at the kickoff the local manager authorised a loan....came at the time when I was a young fella with no credit history to talk of. The beginning of June saw my local, the next one nearest as well, both closed. While I admit to online banking for the most of my service requirements, I still like to be able to talk face to face with a bank rep when I need to.....end result of local closures..I went to a competitor who is still local to me, and in the course of conversation it became apparent I was not alone in transferring banks....a shame ! Watched this thing for years now, esp. since the 2008 crunch and the current 244.9 ( only because of 10 fold share change) it hasnt done much since its heady days of 19p to the equivalent 24p....wont be surprised if the internal division/separation of domestic/business banking results in the domestic side closing down altogether