REMINDER: Our focusIR Investor Webinar takes place TONIGHT with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Fred Goodwin was a disaster. Him and his cabal of sheisters and crooks should have been strung up for the morass into which their hubris and poor judgement placed the whole economy, not just the bank. It has been a decade since RBS shares were worth anything and to be honest, it might have been a better idea to have simply junked RBS and sold the lot off. It is a bit rich (pardon the pun) to say that RBS has 'been forced into throwing away billions selling assets far too cheap' when the bank was (and has been ever since) in desperate hock to the government in 2008. I'd say that having to flog off assets is the very least that could be done, at whatever price, in return for not breaking the bank up.
Because unlike Lloyds 100 posts about Brexit to the Tory Party and dear old Jeremy we only have the occasional poster going on about how we done bad lol. The reality is dear old Fred the Shred wasn't that bad and we have been forced into throwing away billions selling assets far too cheap. Oh dear not yo worry surely Ross the Boss will come good when the Intrim results are announced.
There are loads more cases in the wings just waiting to Come out. Watch this space. My advice I should not give it because it would be sooo negative so maybe you make up your own minds. Onwards ever upwards or maybe not. Anyway relating to another miscarriage of justice -- How can society impose a legal embargo on parents relating to trying to save their children's life. Who do these people think they are?? Let Charlie live.
Halfmist right company's don't go bankrupt - they become insolvent. This when liabilities exceed assets - pretty much the same thing That is what happened with ill fated rights issue and HMG bought 40 billion odd of shares to prop RBS up
Not a bad result since it had already provided £3.6 billion of it. As regards going bankrupt, only an individual can go bankrupt, a company cannot. Plus its reserves after provisions stand at over £50 billion so RBS can well afford it. What the market doesn't like about the company statement is, it still cannot say what the other case will cost, or whether the company will contest it
Now fallen 11p in two hours since the expected news came out. Will hate to see what happens when unexpected news is released!
RBS must be bankrupt by now with all the fines and what about the exchange rate fiasco?
Only one more big one to go, what's another £6b between friends.
RBS agrees £3.65bn settlement over risky mortgages in US. I guess you could say this is positive and draws a line under the whole sorry affair. However, I was glad to get shot of these back in April 2013 for a 36% loss. I have more than recouped this since by investing the residue elsewhere.
Looks like RBS will have to admit guilt in us settlement. Taking a long time for them to come to a settlement as a result. SAD
I see the financial times is chuntering on about the above lately and I was wondering if the sell off would follow the LLOYDS model. 22% reduction on the initial price of their 73p Which would make the sell off price here at just under four quid. Lots of fake news about so will just have to see how this pans out.
Presumably you can produce the post you put on here in 2010 that shows the amazing foresight and prescience you felt. If not, your incrediblr hindsight, possibly plucked from any form of media today, just makes you look like a lazy, irritated d!ck.
Smart sale.
Bounces back to last weeks prices. Can't say I understand why but happy.
RBS not found guilty as no trial as they came to out of court settlement with those brave enough to sue. The setlment is no admitance of liability.
Surely if RBS have been found guilty of misleading share holders then all should be recompensed...
Thank you 1945ken much appreciated. I'll get back to you soon. Be interested to hear if anyone else is on the same position ?
I should also add that because it was so close to the deadline for applications (at that time, anyway. I believe they extended it later) I paid the fees by electronic bank transfer.
Sorry. Just noticed your question. Application dated 29 April 2014. Same with my wife's.
Thank you 1945ken Can I ask what date you sent in your membership please. sorry to ask but it is important. Thank you
The only thing I have ever seen is the original application to join the Group which said nothing about delegated authority. As for getting a contract or agreement, I didn't even get an acknowledgement of my application and was confirmed as a member only by way of receiving an update some months later with a Membership Number on it. This was despite several letters written by me which were ignored - which turned out to be standard practice!
Has anyone who is a claimant in the RBoS AG got a contract or agreement issued by the RBoS AG to them, which gives the RBoS AG delegated authority to act on their behalf ?? Be interested to hear if anyone has. TY
http://www.rbs.com/news/2017/06/rbs-welcomes-credit-rating-upgrade-by-moodys-.html
Rating .......£2.85
SFO interested ????? Shares down?