Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Nice one , it''s disappointing that after all this time the reality of the situation at the time still has to be explained. .Have to admire your patience .
I am not sure that it is useful to compare Woolworths with RBS in the way you have. The effects and influence of the activities of RBS on the UK economy far exceeded that of Woolworths and the collapse of the bank would have affected millions of people, even if we were only considering their savings accounts. Obviously, an insolvent RBS would have also drastically affected UK financial markets, raising borrowing costs for everyone and possibly causing a credit crisis. Whichever option the government had taken in 2008, the restoration of stability and confidence would have inevitably cost the government billions in cleaning up the mess anyway.
It's time the government took this in hand and got rid of this bank. I'm fed up paying tax to feed bonuses to rbs staff for making monumental mistakes. - if it was a manufacturer or any other type of business it would be gone like Woolworth's -- the incidious thing is that investigators say this business has deliberately destroyed many other worthwhile business as a result of it's own worthlessness.
Thanks for your wisdom buddy. We all make mistakes. I've actually made quite a lot of money over the year, jumping in and out of 100 index companies very quickly but with large 'bets' of capital. The example I gave was Lloyds - which I made £1,100 on over night on Tues and £1k again last night. But yes, you win some and you lose some and perhaps more research is the key in future.
Why did you not research this b4 investing. Go back a few pages and £1.40 was mentioned!!!!!!!! gl, your now locked in.
The next issue for the UK and RBS may come from the USA, and if they do decide to raise interest rates in December .. Which has been talked about this week on CNBC. One thing looks likely with so much going on, with talk of banks might leave the UK, then Brexit issues and the Pound falling and any more problems that are unknown yet in the coming 6 months lead up to March, When Theresa May activates Article 50 ... Then all hell might break loose for how long...as we embark on another road of unknown territory.... In a years time things will no doubt be a lot different Personally taking on any major amount of Debt ..Mortgage or other wise before Article 50 is activated, many be a regrettable move as you have no idea what the affect will be for the first year afterwards .... Prevention could well be better and less costly than finding the cure afterwards if things turn nasty... Never assume anything... Uncertainty is King. Waiting it out until April may prove a wise move...With Terrorism, Finances, The economy, The Pound rate. and Article 50 .and whatever else is on the way... .It looks like the possibility of an evil 6 months road ahead.. What will THE EU be like in another year.... Will house repossessions start rising again... Proceed with caution when major uncertainty is around.... or take the chance and jump in where others fear to go.... We all have that choice... Good Luck All.. Knowbodyyouknow -- Lets hope your loss is short lived or doesn't drop to much further...
Gaah ..what a dog this is. Was £1,100 up this week, in cash - should have just left it there- but not greed got the better of me - now about 5k down, on paper. Possibly the stupidest and most shortsighted investment of my life.
Yeah. I stupidly jumped in too soon yesterday and picked up 50,000 shares. Regretting it now - as someone pointed out - seems to get dragged all over the place by the most minor of headwinds.
Will wait a while before getting in here. looking forward to joining you soon
There's really nothing more I can say. Government is letting go its stake in LLOY, and doing it directly rather than offering to the public in order to raise cash and keep their focus of the Brexit issue, which will monopolize all their time. RBS has been effectively sidelined as an issue, with the Chancellor and Treasury pulling away their stock into the drawer. That leaves only traders to kick the stock around, reacting to events like the US litigation saga, Brexit ripples, low interest rates, new financial players, especially the online kind, any spillover from European banks' problems, and so on. It's purely guesswork after that where the price of the stock will go, but for day and short term traders, it is now their market.
I am seeing the bigger picture. This bank is effectively finished and so whether jobs go quickly or slowly is the only point of discussion. The one thing I cannot understand is people still holding the shares. They pay no dividend (nor will they ever) and the likelyhood is that the SP will either stagnate or steadily decline. Sentimental attachment to what was formerly one of the biggest financial companies in the UK is no good reason not to get shot before it gets worse. There will probably be more scandals, skeletons in the cupboards, legal actions and regulatory fines. This is not an investment it is self-flagellation!
Bankers are people that help you with problems you would not have had without them. ---------------- A man visits his bank manager and says, "How do I start a small business?" The manager replies, "Start a large one and wait six months."
You are right tax payer and country could lose - but even so would be better if all skeletons were of of cupboard about time BOD and Mcewan got a grip and could confirm that the ship is water tight They are certainly paid enough On subject GRG and damage to businesses, normal repossession procedure is to repossess the asset - sell it openly and transparently on the open market cover the debt and give the balance to the borrower. It is not to sell it to a subsiduary or a linked party and take a profit on the subsequent disposal regardless of chinese walls etc. Be interesting to know what proportion of distressed assets bought by RBS property arm West Register were RBS / Natwest businesses and what were from other institutions - if it were completely independent would expect total RBS to be in minority If the bank had to have the property arm common sense should have dictated that it could not buy repossessed assets from its own parent company due to danger of their being a perceived conflict of interest and risk to reputation of both West Register and RBS
Your frustration (and disgust) with this share (and the bank managers) is understandable. But at some point, we have to divest ourselves of certain selfish instincts and see the bigger picture that this company will cost the UK taxpayer a great deal, and the country will be the big loser. We need to bear this in mind when some covet its demise. I certainly don't want that, but I would like to see the viable parts sold off for as much as possible to recoup back for the nation as much as possible. If everyone were to withdraw their funds, that prospect would diminish. I have an account with NatWest, and I won't close it for that reason.
For my views on this horrible trainwreck of a share see my post Monday 09.45. Just sell up and move on. I can guarantee you will be happier having done it despite the losses you may incur. I have recouped the hit I took on selling out of this uberdog many times over and there are far more interesting and profitable shares in which to place your now shrunken wad. Having seen the evidence on Newsnight of their despicable and deplorable business practices under the auspices of project "dash for cash" I am in the process of switching my current account from Natwest to NW in protest. If everyone did this the whole filthy shower would be gone in a heartbeat.
Point taken. So let me add some comments on RBS. I remarked many years ago that I could not see this bank being returned to the private sector. There is no dividend on the horizon, and external troubles (albeit of its own making) seem to routinely assail it. That would be bad enough but it also is getting hammed by sheer bad luck, and worse of all, poor management. How do you expect this organization to flourish with such poor management, and a culture of resignation. I suspect a lot of talented employees are looking elsewhere for a career, and the clever ones (traders) after milking all they can from RBS, head off to greener pastures. Even the government is openly talking about selling RBS at a loss, and still no buyers emerge on the horizon. Because what will you be buying? A disenchanted workforce. Mediocre, poor management. Talented (and clever) staff seeking opportunities elsewhere. You tell me where the good news is? What prospects do you see for this bank? At best, whatever the outcome, will be years away. So in the interim you may as well just trade it like a poker chip as best you can, (just as the speculators do), and chat about something else. Because this organization is many years away 9if ever) from a meaningful recovery. - Good trading.
Some of us have been here for seven or more years, we've many times been through all the stuff you want to talk about. That we divert to other subjects on occasion is simply a relief from all the doom and gloom our more recent adherants are so keen to discuss. Bear in mind that when we originally invested in RBS it was in the belief that we would come to the day when we had the wealth to allow a comfortable retirement 'home in the sun'. At 179.90 that is a long way from being possible!
Is this now the "homes in the Sun board"? WTF has this got to do with RBS? Surely there are more pressing matters to discuss with regard to this shambles of a bank than where one might retire to in the sun!
I owned a house in the Algarve for some years when I was younger and etc.. Following the Mozambique 'war' the Govt turned the army into a FOURTH police force! They all ran about with guns on their hips and were extremely aggressive. Over quite a short period of time there was an upturn in the number of people being stopped on the road and breathalysed. Suddenly it became a police state. Some were taken immediately to be locked up, weren't allowed to make a phone call home or other contact to tell wives where they were. Frequently there was a stop and test team on the little road from the golf course on the basis that golfers drink after their round and were fair game. This is just one simple example of what you can expect, perhaps not immediately noticeable on a short holiday, it was enough for me to sell and seek a better atmosphere elsewhere. Others among my golfing friends did the same. Last year I toured 13 European countries over several weeks and enjoyed the whole trip but having had the Portugal, France, and Spain experiences I could recognise many circumstances that, if living in a country, would mean significant compromises and in some places risks that I would not wish to face as an ageing senior. As I said already there are plenty of attractions in other countries but the UK is still well ahead of most. GL
RBOS have always paid lip service to these wishy washy HR issues. Just ask the unions. Why dont you post how many paper clips are used in a branch or what type of cleaning materials cleaners use to clean the toilets? Get a life and post something " RBOS banking " related. No wonder the banking industry is in a mess.
No it does not. It has crashed circa 50% since last year!!!!!! Head in sand, rose tinted glasses etc etc. Just wait until " Brexit " takes hold in 2017. Banks will see mahoosive deposit withdrawals when peeps get to realise the gov will steal a big proportion of their money to bail them out as no more quantative easing monies as before. There will be some fully stuffed mattresses for some years and gold silver, platinum shares going through the roof. Not rocket science. Oh and dont forget to sell property as you will be able to buy back at 50% discount. Happy daze!!!
The share price continues to show remarkable resilience in my opinion. Recently it has been subjected to waves of fear concerning old news and yesterday an element of more recent "disgustingness" has been introduced, which RBS claims to have been resolved rather than provided for. Perhaps it is simply cheap on a price to NAV basis? ... glad to be on the sidelines because I suspect the banks are still worthy of particular contempt.
In theory it is old news but if some of the email extracts etc are to be believed what is perhaps a greater concern is that the report commisioned by the bank found little evidence of wrong doing - while on the face of it this was not the case . If allegations are true then would indicate that senior staff either were not informed accurately of results of their own internal investigations or they were and drew different conclusions from the results that others might have done . Of course there may be no issue RBS has I think always said that is the case - until last week when _ ''In the aftermath of the financial crisis we did not always meet our own high standards and let some of our SME customers down''.
Finding some of the posts way over the top . This is old news , with the FCA still to publish their report . Not tthat I'm condoning RBS but let's at least wait until we find out how widespread this practice as been , if at all , and if we are basing our investing decisions on the damage which may have been caused to a numder of Individuals , according to the media , then there are anumber of other sectors we could consider getting out of . Tobacco , drinks and food spring to mind , not to mention defence , the big pharmas , car and domestic appliance manufactures.Forgive the pun but few if any are whiter than white . Big business , regrettably, is often dirty business ,
Finding some of the posts way over the top . This is old news , with the FCA still to publish their report . Not tthat I'm condoning RBS but let's at least wait until we find out how widespread this practice as been , if at all , and if we are basing our investing decisions on the damage which may have been caused to a numder of Individuals , according to the media , then there are anumber of other sectors we could consider getting out of . Tobacco , drinks and food spring to mind , not to mention defence , the big pharmas , car and domestic appliance manufactures.Forgive the pun but few if any are whiter than white . Big business , regrettably, is often dirty business ,