Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Sold my RBS last week bit a luck by the look at it. Top up on my Lloyds shares may be tempted to buy back in if they keep droping. Having said that now am getting a regular dividend! With Lloyds who are one of the best to cover their dividend I may stay there? GLA
Been a while since his last post .Hope everythings ok ?????
Nice short .
Yes RBS Yes RBS all over the News headlines today must be the only bit of news other than opec meeting can they not find something on trump today lol... Yes if you look at the RBS share price over the last week it has been tanking, so the BIG boy's all had a bit of insight into the outcome of the results.. RBS is in a better shape now than same point a year or two back the only thing that has changed is the BOE criteria has got a lot tougher, so now the banks have to be strong enough to withstand adverse conditions like all of 2008 financial crisis the worst economic disaster since the Great Depression and Prisoners absconding,Bus drivers sleeping on the job,child abuse, footballers getting balls kicked privately by pervy mangers, VW scandal,Modi baning 500 and 1000 rupees,Donald Trump bragging in vulgar terms about kissing, groping and trying to do bits and bobs with women and Armageddon giving out free B's on black Friday...My point is this everyone and his dog has kicked this share for any news that is even not related and it is trying so hard why can no one give it a chance.....I bet if it passed the test the share price would of been down anyway llooll some you just can't win I guess ..
The BBC are having a field day with it. They just need to role out Cable to give it a final kick in the ba**ocks. Where is it going to end. I thought not too bad on opening but now going true to form
Think you might be holding the chart upside down my friend! Joking aside - Knew I should have hopped out of this yesterday.
Just released RBS fails hardest stress test ever so not to bad obviously...
Think the Italian vote is factored in. Just games in front of the stress test results tomorrow. Just my opinion but I think should be on the way back upi
Crazy for buying back in here (25,000 shares) in the hope of a quick turn around. Did well last month out of bank shares but this - down 5% in 2 days. God knows what will happen if the Italian referendum is a No. Presumably it will be since there's a rallying call against the establishment at the moment. Wondering whether to just book a loss or attempt to ride it out. Just musing really. GLA
http://www.telegraph.co.uk/business/2016/11/25/rbs-receive-15bn-dividend-ulster-bank/ Nice one
Given time and energy RBS expended to try and create a platform - some 8 years I think . As different approach perhaps they should accept they are not up to the task and give customers 2 years notice of closure .Customers could then choose who they bank with in an orderly fashion - rather than have some one forced on them . The remaining branches etc could be sold and that would resolve the issue.
Thanks for the reply .....To be fair , although I don't agree entirely with his post , I more or less agree with calisto . Was never a fan of brexit but it will present , or at least may present , opportunities previously unavailable to us .I suspect much of the effect of brexit is already built in . Can't see another drop of the size your suggesting although the settlement with the DoJ , as stated by rafidell , could , might , put a significant dent in the share price . Easy to " imagine " a number of different scenarios at the moment , I tend to just watch the charts and see what's actually happening .
UPDATE 1-U.S. settlement is blocking RBS share sale - UKFI chairman Wed, 16th Nov 2016 16:41 * UKFI Chairman says market sees $5-12 bln RMBS fine for RBS * Williams & Glyn issue must be fixed before share sale resumes * RMBS settlement seen having impact on capital, shares (Adds share price, timing of share sale, comments on Williams & Glyn) By Lawrence White and Andrew MacAskill LONDON, Nov 16 (Reuters) - The head of the agency managing Britain's stakes in bailed out banks said market speculation that Royal Bank of Scotland faces a potential fine of between $5 to $12 billion from the U.S. is hindering the government's share sale plans. RBS, in common with other European lenders, faces a settlement with the U.S. Department of Justice (DoJ) over its role in selling mortgage-backed securities in the run-up to the 2008 financial crisis. "It could be $5 billion, it could be $12 billion, and based on what happened to Deutsche Bank it could be more," James Leigh-Pemberton, Chairman of UK Financial Investments (UKFI), which manages the government's stake in RBS, told the Treasury Select Committee. RBS, 73 percent state-owned, has not made a profit since it was rescued with a 46 billion pound ($57 billion) government bailout during the financial crisis. Leigh-Pemberton told the Committee, which was quizzing UKFI on its management of the government's sale of its RBS stake, that reports on the size of RBS's potential settlement with the DoJ were "market speculation" and the final range is unknown. Deutsche Bank has said it will fight a $14 billion initial demand from the DoJ to settle claims it missold mortgage-backed securities, a shock bill that raised questions about the future of Germany's largest lender. Investors will be unlikely to want to buy RBS shares until the bank has resolved its DoJ settlement because of the likely impact on the bank's capital position. "The direct impact of the settlement number on the bank's book value and capital is an almost penny-for-penny impact on the share price," Leigh-Pemberton said. Leigh-Pemberton said that UKFI has raised the settlement with the government and that Britain's Treasury is "acutely conscious of the impact of this litigation" on RBS and the value of its shares. Aside from settling the U.S. case, RBS also needs to resolve its disposal of branches under the Williams & Glyn name before investors will be interested in buying the bank's shares, Leigh-Pemberton said. RBS has blamed the complexities of creating a standalone technology platform for delays in the sale of Williams & Glyn, which was a key European Union condition of its taxpayer-funded rescue at the peak of the global financial crisis. RBS shares have fallen 31 percent in the year to date, against an 8 percent rise in the benchmark FTSE 100 index . ($1 = 0.8037 pounds) (Reporting By Lawrence White and Andrew MacAskill, editing by Huw Jon
Brett will not be the issue you seem to think it will turn out to be. Events in Europe are changing fast and Brussels now has to look forward to fire fighting on many fronts as elections throughout the Eurozone will highlight the frustration voters have with Brussels. The mood music towards us is changing fast as few in Europe see less benefit to themselves in the event of a "hard Brexit" Not rocket science as w had a trade deficit with most major European trading partners. With US trade deals disappearing over the horizon we are an important market to the EU. As for RBS we are seeing more clarity on legacy fines and the Trump administration is keen on bolstering is investment banking. We on the other hand, well Osborne , Carney and Vickers have been keen to destroy the investment banking model. This of course is short-sighted at best but utterly dumb and incompetent as we may find our financing capacity impaired when we want to grow ourselves out of stagnation. There would be some merit in halting the vindictive destruction of RBS. it will be a dire state of affairs if we were to become wholly dependent on US investment banks for our investing needs.
still bashing them young apache aka ???????
Well imagine : RBS is an international bank - it trades around EU Countries and makes foreign deals - People from EU Countries were 'more' motivated to invest in RBS, although the pound is good again, you can't expect that to last for a very long time. Right now the 'brexit' calmed down, but when it's always getting closer and closer.. although there might be a second Independence referendum to just to be sure of what people actually want, i find it to be pretty much risky - you remember when Brexit referrdum got accepted, when was that? 23 June i guess, correct me if i'm wrong. Anyways to get to the point : In 23 june or so after the referrdum was accepted : RBS fell from 248 or somewhere near that to 148, that's a 100-point. and we have not even exited Europe yet, i'm guessing it will be dropping more than 100 points next time. Anyways i'm no expert as i am new to this - quite a newbie actually - I suppose you'd be able to teach me from your research & experience. ATB. Honestly i wouldn't invest in RBS at-least not at this time, i'd rather short it.
Your suggesting that a brexit will be bad for RBS , would you mind explaining why . Have to admit I'm totally undecided.
We will actually see who turns out to be right, i'm sure it won't be that 'long' it's not impossible to predict which way RBS will go but whatever. Now hopefully your 'six' years of studying RBS will provide with good knowledge. RBS haven't been stable for months since the Brexit. it has been jumping from 180 to 210 and back to 170.. etc.. anyways to get to the point. in theoretically it is quite possible to predict what's going to happen here, but not 100% you think it's going to rise with the brexit infront of the door? I doubt it.
If anyone studied or observed RBS in the six or so years, you'd probably would know it's practically impossible to know which way RBS will go, particularly in the longer term. Enjoy the facebook page; I am sure it is full of people who also like to make emphatic guesses without providing any evidence to support their conjecture. Perhaps it will be easier for you to discuss things there. If I had a pound for every spiv or wide boy who came on here and made a shoot- from- the- hip prediction about where RBS was going... (although admittedly, I probably wouldn't have put it into RBS).
I give you the worlds number 1 tennis player , Andy Murray . Brilliant .
I was neither agreeing nor disagreeing with you , merely said your post was interesting . Iv'e no idea which way it will go . Just have to wait and see. It may well have hit resistance and will drop, on the other hand there's still a big gap to fill. Time'll tell . Good to see it hasn't taken another 3 years for you to post lol. .....lol.
So I found a new recent opened Facebook group of RBS shareholders and Shorters I guess it's much easier to discuss with people there! https://www.facebook.com/groups/576222042570083/
Well we will see who actually is right and it will certainly be before 2019.
Interesting post for someone who only posts once every three years . Hope it won't be 2019 before we get the next one , ATB
If anyone studied or observed RBS in the last summer, you'd probably would know it's going to fall. Probably back to 170-180s soon enough. Brexit could have a significant effect on it though - What we have seen in the past (US's election) we all know that 'Brexit' could actually happen in Long-Term. Let's not fool ourselves and see the long term effect. RBS won't go any higher than 215 at-least this year.