The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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I personally hope the govt hold off selling until the SP hits low 300's as with lloyds the sell off seemingly hemmed the SP in for an age (mind you it hasn't faired much better afterwards to be fair).
Yet another day of drama with CFO doing a runner..... Lets see what the AGM has up it's pants even a desperado Divi may not save the day....... Every day is becoming a joke investing on the markets lol
Anyone privy to the AGM? SP is down over past hour, AGM related?
and now the CFO resigns ahead of AGM
There are a lot of economic headwinds on the horizen for the UK Banking Sector over the coming months. RBS will not be a exception for many of the reasons i have highlighted in my recent previous posts. I am completly puzzled to why Philip Hammond would be considering starting the re-privatision process again with all the current political and economic turmoil hitting global stock markets.
I defy anyone to second guess this share.
WOOO,,,,,,Ruff start to trading today
Looks like The AGM will be the place to get first hand news on Divi and Gove sale...... This week should be very interesting..... A decade of pure take and no give from this share hopefully this will be the start of a new clean journey yes a clean journey......THE MILKING OF THIS COW MAY BE OVER SOON... https://news.sky.com/story/government-to-pursue-plan-for-multibillion-pound-rbs-stake-sale-11388204
Next spike will coinicide with Prudential Regulatory Authority stating that RBS can declare dividends. Decision expected sometime in the summer. Until then, just ticking over.
Share price under pressure again due to renewed Brexit woes and release of latest UK quarterly GDP data figures.
Everytime I think it's going to make 300+ a new problem comes out of the woodwork. I've been averaging down over the years but I still need it to be �3.70 before I see the light. Even with the resolution with DOJ apparently agreed there's still the small matter regarding the pressure they exerted on UK businesses who were in trouble to sort out.
300+ The will the profit takers jump ship as per the norm. Or will they worry they won’t get in low again??
jreid - many thx - I am also not a subscriber but accessed it via complimentary article per month and pasted below Looks like time to buy. Royal Bank of Scotland is considering restarting dividends on a scale that would make it one of Britain�s most generous payers to shareholders and would be likely to accelerate the government�s sale of its holding. Ten years after RBS was banned from paying dividends as part of its �45.5 billion bailout, the state-controlled bank is set to return to payouts with a policy that could be as ambitious as that of Lloyds, its rival. Lloyds, also banned from paying dividends during the financial crisis, restarted distributions in 2014 and has pledged to return at least half of its earnings to shareholders. One senior source close to RBS said that the bank was now �quite similar� to Lloyds and talk that it could match its rival�s dividend distributions was �reasonable speculation�. RBS must win approval from the Prudential Regulation Authority for dividend payouts, with some in the City hoping that it will be able to make a pledge alongside its half-year results in the summer for a payout at the end of the year. RBS has been in state hands since 2008, when, after years of aggressive, debt-fuelled expansion, it came perilously close to collapse amid its exposure to the sub-prime lending binge. Joseph Dickerson, at Jefferies, believes that RBS will be able to pay a final dividend for 2018 of 6p, rising to 16p by 2020, a 5 per cent yield and a similar level of payout to that of Lloyds. If RBS can give clarity on the issue, it would be likely to lead to a sharp rise in interest among investors that can hold only stocks that pay an income and so cannot own RBS shares at present. Increased interest among buyers also would be likely to hasten the government�s sale of its 71 per cent holding. In November�s budget, the Treasury pencilled in �3 billion a year in proceeds from RBS share sales over the next five years, indicating a new attempt to offload the state holding. The nation�s stake in RBS is valued at about �22 billion. A path was cleared for RBS to restart dividends by its long-awaited $4.9 billion settlement this month with the US Department of Justice over the sale of toxic mortgage-backed bonds.
https://www.thetimes.co.uk/article/rbs-considers-restarting-dividends-on-scale-that-will-rival-lloyds-jx7f2xcq0 There was an article in the times. I could read start of it as I am not a subscriber.
EARLY MORNING HEADLINE ROUND-UP from Reuters UK Focus : RBS considers restarting dividends on scale that will rival Lloyds. Headline but no details or supporting article that I could find. Anyone ?
A recent sharp fall in mortgage lending and the Bank's unwillingness to upgrade full - year earnings guidance have led to a temporary negative market reaction in the share price.
correction, ~~~~~291.5~295
This has been here flatlining for almost since 11th may..~~~~~~~~~229.5~295 FTSE hitting record today. Uncertainty out of the way.
From recent communications received The Board are clearly very focussed on closing out the remaining legacy issues and returning RBS to normality and being able to return capital to shareholders as soon as possible. Institutions and Fund Managers will no doubt seize the current opportunity to pile in and buy up loads of shares. In real terms and with the potential for short term interest rate rises to bump up profits even higher RBS shares while under �4 and while HMG are proposing selling down their stake over a RBS shares are certainly over the initial stages of this selling down period a time for me to continue to add to my current holding.
nope
Now that the main uncertainty is away 5b rather than the 10b touted.... technically looking for a breakout.
Lot of froth at the moment surrounding the share price, probably nearing top end of its current short term trading range. Investors will still need to factor in the new growing uncertainty over the future direction of the UK Economy, and continued forward downward pressure on the bank net interest operating margins. Like the previous Lloyds re- privatisation large Institutions will not give HMG a free hand in helping to sell down its huge 73% remaining stake in the bank and may well turn out to be challenging and a real hard sell for them to accomplish.
Don't you mean softly, softly, catchee monkey ?
Finally seeing light at the end of the tunnel. Banks are never going to be the cash cow they once were but with this fine coming in a lot lower than expected institutions will be a lot happier buying. A possible divi in the future will give the sp a much needed boost.
slowly slowly catchy monkey !