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will do today?
There is the main consideration that RBS is facing civil law suits that exceed their net worth. A real risky investment.
mailman's just pointing out that as far as "investing" goes things could get a tad tricky over the coming months but as far as "trading " goes , your right , regardless of market conditions there will nearly always be opportunities to make a few bob if your sensible and do your homework .
No quite sure what your point is here. Sounds like a lot of doom and gloom to me. I don't tend to look at things that way. I look for opportunities and even in this choppy/unpredictable market they are here - you just have to be prepared to take large, but where possible, well-informed risks. Nearly 2k up, so far this month from doing just that (although I must say I'm breathing something of a sigh of relief re this share).
Hi everyone I've been out of share. Dealing for a while! and certainly with RBS. I'm thinking of buying some shares again, so what's the general consensus obout RBS
I think it fair to say that to most of us.. The state of play for us investing in RBS is as uncertain as it has ever been... To much going on at the moment and the next few months , with migration, Brexit Artic 50, USA may put up interest rates in Dec, The coming UK budget statement, Employment figures stalling, The US Election result, and probable coming inflation and more possible unemployment as Travis Perkins announces branch closures and 600 jobs affected... and the stock markets at near record highs... RBS goes up and down no matter what as many here know over the years.. But since Feb 2015 with a high of 412p the move has been slowly downward of over 55%.. With Savers earning less money, Banks interest so low reducing profits, UK import costing more impacting businesses ... Very volatile times for investing it would seem... anything could kick off at anytime... the calm before a storm ..Maybe ?
Probably a bit of both. I don't gamble what I cannot afford to loose. And unlike gambling you decide when to sell. I have done very well over the years out of bank shares and they have funded the £1m+ house I now live in. If I lost the whole of my stake it would have no impact on my life other than to carry on working part time a little bit longer than I anticipated. The bubble was bound to burst at sometime and if it is now so be it. I can afford to wait for an upturn in RBS for at least the next 3 years.That said, once it gets back to my break even point i have learned my lesson and my days of stock market investing will be over.
There's a seat for you at gamblers anonymous or your just very very rich and don't need the money.
Just the city boys n girls suckering in the inexperienced before article 50 and the brexit downturn bites. You just could not make it up.
I use the same tactics and like for you - they worked well, until I took a 90k bet on RBS during the middle of last week... Yet here we are and I'm nearly back to even-stevens - fingers crossed for a steady rise. Although I would love to know more about what walked us up more than 4% today.
Any idea if anything beyond the green of the FT100 index is precipitating today's rise?
I choose banks because the share price fluctuates wildly. I tend to invest large sums for very short periods. a 20p rise in the share price gives very big rewards when large numbers are involved and in the past it has often done this within weeks.It has worked very well in the past for me but not this time. I will hold tight and just hope it does not go bust in the meantime.
Yes I know - I've been to London -- it's a different country -- little wonder they voted remain -- walking through London is like tuning up through a short wave radio. Just stating facts that's all. One good thing I'll say - I was there this year and was impressed how much cleaner it was since I was last there 25 years ago, back then it was a grimy, dowdy, expensive hole so wasn't keen about a trip to the city but was pleasantly surprised -- air quality is still very poor though. Bob I agree with you -- this bank should have been dismantled in an orderly fashion
Halfmist -- why didn't you invest the money in big oil -- that was a no brainer --- when shell was the one I went for like a hungry Cat
We have talked the talk here for the past 6 years about RBS getting better, out of the woods, ready for the big rise back.. all have come to nothing... Most of the other UK banks have dropped and remained below their high of the past 3 years... The UK banking shares have performed poorly in general, The state of the economy to the majority is also lower, Brexit will also no doubt create other Banking issues unknown as yet... There could be another recession, I hardly think there will be another BOOM in the next 2 years... so much of the UK economy and basic services is under pressure ... The Tax system still allows billions a year to be lost via personal Tax and Business Tax avoidance. while the NHS and many other basic needs are subjected to cost cuts.. No way to run the UK finances in my mind... The Banks will shut more branches in the future and the downward spiral will continue .. You can see it all happening in years to come The future will electronic banking and any failure will cause chaos and going to a main bank for any reason for most will be miles away or by phone or Email and that takes as long as piece of string at times now...Banks will make more profit when interest rates rise.. when they rise and that will create many other problems of more Debt creation.. and house repossessions. Things are not looking that great on the whole for so many things as we all well know .. Everyday another bad NEWS ITEM problem or issues years old that are getting worse.. Housing a Major UK problem that will impact on many things in the future if not sorted at some time... If unaffordability is getting worse for more each year ..what is the future being created... there was Never such a major set of problematic issues ..25 years ago .. Boy how things have changed... And it is all about the MONEY ..Those that have against those that have not.... 2025 maybe a cashless society and no high street banks needed ... Just make a mistake on line and you will have to a your own financial adviser with no bank to visit to talk to anyone... A faceless banking system in the making.. The price of RBS shares by 2025 GOD KNOWS.. if it still here... Whatever happens we will have to deal with it... .. Just my thoughts... GOOD LUCK ALL
The answer is very simple. By 'inviting' as many refugees, immigrants - both legal and illegal, there is a huge demand for housing. Illegal immigrants always pay their rent to avoid any brush with the law. So, the supply and demand rule applies here. Lots of people and not enough housing means that all those MoPs with lots of BTL mortgages will be safe in the knowledge that they will always find tenants. Of course, everyone else with BTL mortgages are happy with immigration. The problem is that now there are not enough schools, hospitals, electrical generation stations etc . So this stimulates the economy with lots of building and employment.. That's the government's simple plan. But once the UK is bursting at the seams the bubble will burst.
There are is both hostility and indignation at how RBS behaved in the past, and there is a will among some to see it close. I don't think that would be wise. Recently, two Italian banks merged. I know this goes against trend in the 'too big to fail' consensus, but I would image that this must be one option that the government must be thinking through. RBS is now a UK (read European) bank. If more merges are carried out across the EU then I suspect RBS can get caught up in the flow of events and, perhaps with the assistance of sovereign wealth funds, hedge funds, and other financial institutions at play, that we could yet see a merger. Of course, the litigation would have to be dealt with (or underwritten by government) but RBS, like Midland of old, has maybe had its day. It has too many wounds. And it would be better for shareholders if we saw consolidation in banking, as we are definitely over-banked (f that's the right phrase).
I personally think that once the immediate crisis was over it should have been dismantled in an orderly fashion and shut down - instead of which as you say there have been generous rewards for executives of a loss making bank ever since . To let it collapse at the time would I fear have lead to tremendous misery for most if not all of the population As it is still there it should , along with the others , be restructured in such a fashion that they can fail if not run properly, without creating civil mayhem.
They'd need to be over 100 years old to remember that. I think it's a bit disingenuous to compare today's banks with the ones in 1920's.
There was a banking crisis in 1920 -- they let the banks fail -- on one remembers it. ! We have allowed this and other banks to get away with theft and even rewarded them. In the following years after the banks collapsed people having lost trust in the banks started investing in the stock market and like sheep everyone followed as they seen the gains thus creating the bubble that burst in 1929 -- this time it's actually worse because the banks were allowed to carry on making huge losses and the low interest rates are causing the same problem as we had in 1921 - people want to be able to put their money somewhere it won't get destroyed or devalued ( devalued by inflation ) so the golden goose was again property which caused the 2008 problem ( basically should have been a house price crash ) but now that the government is milking property owners ( big tax changes to come next year ) there may be another stock market bubble as people sell up property -- I think that bubble has already begun along with our currency being rebalanced it's the perfect storm -- all the governments fault they can't see beyond property and will do whatever to keep people buying and building. Then there is the huge amounts the government pay in housing benefits -- how is it sustainable ? You tell me.
RBS has dumped RT Russian TV accounts in the UK - yet another stupid move from the arrogant bank.No wonder RBS is junk rated.
Yoiu are rightWe - have to remember RBS is also Natwest . If doors had shut - about a quarter of the hauliers and filling stations in the country would have no access to cash or a way to proceess payments - in short term they would have to cease business .Similarly with supermarkets - Tesco for one I think is an RBS customer and then all other businesses about a quarter would have ceased to operate - until they could open new bank accounts and then get facilities agreed .Also about a quarter of the working population would have lost access to their wages. Together with those on benefits again about a quarter would have not had any income Remaining banks , if not dragged down at same time , would have had to open millions of accounts and amend millions of payment details . Tens of millions of standing orders and automated payments would have rejected . In short there would have been large proportion of population with no access to money , not enough food , not enough fuel for anyone. It would be fair to say that anarchy might have ensued .The regulators had allowed RBS to become too big to fail. I don't think they have done much about it since.
Yep, I read your post, and my point was that RBS was not like any other business, and government action then and more recently, is evidence that it shares my view. I might argue for example that the British steel industry, a far bigger concern than Woolworth, has been considered dispensable in the same way as the retailer. I agree that the banking sector has some predatory instincts and that the problem is sector- wide, but I think the remedy is reform of banking practice rather than your rather more severe approach, which would create new problems for the UK economy. RBS is still a major factor in UK economic activity and in fact, I am not sure that it is in disarray; it is making lots of money and has made great strides in reducing costs and focusing on core activities. The problem for the bank is the scale of impact of penalties for past scandals and mistakes which continue to place RBS balance sheets in negative positions.
I have not posted for a while . It is good to see some of the old posters are still here. I am in at the moment having broken my golden rule about 6 months ago by swapping 250000 Barclays shares for 170000 RBS shares. I note today at one point they crossed and so went ouch! This is my first bad deal ever with bank shares after about 15 very successful ones and I am now down over £150k. I was so annoyed with Barclays at the time announcing their dividend policy for the next 3 years I decided to ditch them. I have moved house since my last posting from the hills of Staffordshire down to leafy Cheshire using past winnings to fund it so not all bad. In the old days I would have considered throwing more money in to bring down my average which is around £2.60 to break even but we live in uncertain times and my spare cash is sitting there waiting for building work I have committed to. I took out a large bet with the bookies the day before Brexit to hedge against any downfall but never in my wildest dreams did Ithink we would be back down at these levels. I will sit it out for the long term, keep working until it recovers ugh and just hope it does not go bust in the meantime.Keep smiling as I say to the Mrs.
Did you read my post correctly - I certainly wasn't comparing rbs to Woolworth's -- just that Woolworth's was a business which got into trouble and is gone but my point was about the many business who failed directly because of the actions of this bank. Nothing to do with comparisons. Woolworth's probably deserved to be gone -- so does rbs that's the only comparison between both but rbs more so because it's still doing untold amounts of damage to others if reports are to be believed. Other banks are at this activity too but this toxic bank is in disarray and it's customers are paying for it along with the tax payer. That's the point I'm trying to make.