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A reduction in loans? Does not sound good. DYOR.
This share will take off ......it�s got all the way to �3.60 to go before I see happiness.
Not if we have had a quarter like LLOY. This share is �1 up in the last 12 months and the main thing outstanding is the US Justice Dept. settlement. Then a dividend. Onwards and upwards!
By the results from the peers, there is going to be a bloodbath tomorrow. Bad business. I will stay out for some time.
It's been a very long time since I trusted the ONS and its statistics. So hearing that UK growth figures rose by 0.01% last month leaves me sceptical. Not so financial and economics experts or, more importantly the BoE MPC. Rate rise next month is the message. The urge to get the rates up is increasingly strong but I suspect the pathetical increase in growth rates is so into statistical 'error' territory that the ONS has been told what to do. Not such bad news if your money is in the right place tho'!
Hi Lenny 290+ level is in my opinion is a resistance level going back to Jan 2016 and if broken we may well be in for a 290 to 310 range just from a technical point as not much has changed and the news is the same old news I think we may well see the 290 broken soon and should be playing with 290 to 310 range but this is only my opinion and may not play out in this way like always only time will tell.....
What does '290+ is the level to look out for.' actually mean? My average is about 525p, so 290p doesn't have any real value for me, except to say that it is a better position than the current 280p. The rest of your post is a bit 'stream of consciousness'; can you clarify your point please?
290+ is the level to look out for... I know we have had a good rise this year as we "rise above the 52 week high", but rising off some very very bad Historic low's due to this Bexit, DOJ bill, W&G sell off, PPI, no Divi and RBS was in a major restructuring faze .... The Bexit fear was well over played as we all know now, but we still have to thrash out a lot to do with access to the European single market and the possibility of job losses that comes with any hard Bexit that's if we don't get a good deal I guess we can say PREPARE FOR THE WORST AND HOPE FOR THE BEST.... As for the DOJ bill I think RBS has set aside a good chunk of the amount who knows what the end figure will be give and take a few Billion pounds lol....W&G and PPI is a bit of settled dust now, and now that the bank is coming out of a major restructuring faze we may soon see some fat profits on the balance sheet and the Divi is in sight ..... Will be keeping one eye wide open on results day lol still happy with the progress in the share prise so far just hope we can get to the Gov sell off price soon and get them of the banks back ......so the Share price is flying with all this in mind .......
Yours is an interesting question. The media narrative around interest rates implies a rate increase in the near term, which must have bolstered the sp somewhat. However, a BOE decision to do so would require economic data that is a little more emphatic that what has been released recently (private debt is up; retail sales down; uncertainty over Brexit putting downward pressure on sterling, leading to inflation; wages growth is depressed and there are large numbers of people in relatively low- paid jobs). If the BOE decides to hold interest rates steady in November, the sp gains throughout October might be reversed. If I were a betting man, I'd say interest rates will remain steady into 2018. However, the fundamentals for RBS are improving; it is certainly in a better place now than in 2013-14,and at that time the sp oscillated over a range of 320- 370. In that respect, market psychology is perhaps as least as important as a rate increase for the prospects for sustaining/ improving the current sp.
The upward trend continues. No doubt helped by the outlook for interest rates and the massive headcount reduction this year (having been one of those that accepted VR earlier this year I know how savage these are - makes Fred the Shred look like an angel!). Surely though given the massive increase in the share price there is likely to be a correction soon? I sold half my holding at just under 273, glad I kept half but thinking of offloading the rest now
I think you are spot on - higher interest rates can have very significant effect Bank makes large part of its gross profit from the difference between what it lends money out at and the rate it pays to depositers Where it pays interest to depositers clearly that will rise .But a huge amount is held as credit balances on personal and business accounts where it pays nothing at all - so increase in rate is pure profit when those funds lent out . One of the reasons for banks successes over in the past has been huge amounts of cash they have had deposited in current accounts , paid nothing on and then lent out . Similarly that has caused problems last 6 years , because they became used to easy income from that source and then have not been able to lend most of it out at high rates . Ignoring all other writeoffs etc - another problem being the huge income that was brought in from various lending insurance products ( business and personal ) that tap was switched off some years ago too - and indeed went other way with PPI compensation . Truth of the matter is this and other banks have had to ren-enter the real business world without easy meal tickets Some have done it better than others
Not going to hold you to anything of course re gaps -advice as always to everyone - do your own reading. Genuinely interested in your thoughts though.
Can't say I understand technical analysis - are you suggesting these gaps will be filled i.e. price might fall as low as 242?
Seeing a number of gaps as low as 242p - wonder when HMG might start off loading their holding - need to ensure Corbyn can't turn RBS in to 'The Peoples Bank' Asp
There is still some decent growth to be had here - but it is just when...it may be a good few months yet. I am with you that there will be other dips along the way. A worse case scenario for the US fines has already been priced in. I am hanging on as higher interest rates will yield better returns on equity and RBS of all the UK banks has plenty of that. However, nothing is certain ever with this share...
Bailed out yesterday at 2.729 for a bit of unashamed profit taking but only sold half my holding. Can't decide which way this is going. Feel quite bullish about the share but can't help but feel there is a short term dip on the horizon that may facilitate a buy back before another bounce. Plus there always seems to be another skeleton in the cupboard waiting to come out. We wait and see ..........
The Lawyer Exclusive: Signature to sue Mishcon’s RBS claimants over unpaid legal costs https://www.thelawyer.com/signature-sue-mischons-rbs-claimants/ https://www.thelawyer.com/exclusive-rbs-settlement-delayed-action-group-row/?nocache=true&login_errors%5B0%5D=ad_gateway_api&_lsnonce=deebcc407a
http://www.lse.co.uk/FinanceNews.asp?code=50r9yovz&headline=UPDATE_1Litigation_costs_to_rub_salt_in_RBS_investor_wounds https://trading.co.uk/story/3a0f5335-01fa-40ac-8ecf-d8b5751bfc64/
Bird & Bird ranked tier 4 Signature LLP Ranxed Tier 4 Rosenblatt Solicitors ranked tier 7 http://www.legal500.com/firms/2986/5002
Not sure you have anything to lose at this stage JP. At this rate , us claimants could end up litigating against the AG themselves !!! What a mess.
Just spoke to person who answered the phone. Which was a surprise as it had rung out previously. Did not get her name. Agree on quality of letter is very pòor compared to Signature. Supports the 'cowboy' claims made by Signatue. Dont see any harm in submitting information on shares they are asking for. Might get paid by both.!!!!!!
I have to say, I find the information contained in the letter from the AG, to be woefully inadequate in it's explanation.
JP, who exactly did you speak to at the AG last month who said everything was on course for an autumn payout ? Clearly the information they gave to you was Hmmmmm.............questionable it seems ?
Thanks JP Have had AG letter but nothing from Signature as yet. Seems to me that the AG are not running things very effectively ? Isn't this the 4th set of layers since they started ? If signature are attacking the AG, then this has to mean that they will be threatening to litigate against the AG for payment of the work they have done to date, including the verification work, so far ? The letter from the AG< does little to explain why they have taken these steps or who the new lawyers are . Interestingly, as far as I know, us members / claimants have not been given any opportunity to have a say in what is happening, changes of lawyers etc etc
Received 2 letters this morning. One from AG saying Signature solicitors sacked as fees too high. Other from Signature with comprehensive attack on AG and way it is run and asking me to deal directly. Totally confused but one thing for sure more litigaton will reduce the money in the pot for us hard done by shareholders.