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Are they planning to shut down the markets, as they have suspended result announcements for two weeks. It would leave anyone in a short position in a very vulnerable if it reopens during a recovery?
I think HMG would have something to say about that. In the current outbreak they need the cash, I think, and they still have 62% of this business.
hi I'm in long term with RBS but now it's down again do you think it's going to drop further??I'm looking to buy some more for the long term>
they can cancel the dividend, like crest nicolson did just before ex div...
Ex divi on the 26th Thursday
Gavday2
I did exactly the same as you.. sold Barcs on the bounce and jumped in here on the dip!!...
Don't think the dividend will be cancelled now, surely it's too late in the day for that?..
I'm hoping they'll be a tick up in the SP leading to Thursday...
But could be very wrong.
You have to own the shares by Wednesday close of business to qualify?
So just thinking when most stocks had a bounce last thursday / friday RBS dropped markedly from 1.30 area to close on Friday at 1.13?? Barcs had a nice bounce and j sold out of them too early (story of my trading atm). I'm concerned having bought in here where the floor is now. Need to get back to 1.20s before going ex this week. Surely it's too late to cancel the divi now??
As CEO recently offloaded most of her shares, does this suggest divi will be withheld?
Fingers crossed the SP rises leading up to the 26th then!!
Yes Pasty not a bad divi
Ex Dividend 26th March...8p?
If you still think they are awash with cash,then you must be on a different planet.
Broomfielder posting .. very well put together.
Garydav2
Been dropping ever since I bought in too!!.
Well there's a shocker!!!
There are still opportunities for traders to make money but I tend to be a long term investor so am wondering more about the possible share price in June/July, than the share price on Monday or Tuesday.
The market will of course make fools out of most of us but I am holding back thinking we could well be below 90p (9p in old money) in the coming couple of months. I also worry that the dividend may be put on hold. Good luck to all.
Pasty I bought in at 1.16 earlier and losing already haha.
Fingers crossed for next week
@ 114.
Hopefully we'll see 120p again in the next 5 years!!??
Ahh you have the same skills as me
I too bought in again and with everything else appearing to go up, this has since dropped!
With an 8p dividend coming unless this can break the downward cycle this will definitely be heading for sub £1. Perhaps foolish but I averaged down this morning. Getting my timings wrong with everything at the moment.
was the old floor, prior to the share consolidation of 1 for 10 shares in 2012. So will this drop to 90p?
Good to see the rise today. I shall be watching the market from the start tomorrow to see the reaction to the latest HMG measures.
With what seems the inexorable drop in SP towards (and perhaps) beyond its Nominal Value, apart from simply giving an opportunity to 'top up', it does have severe implications for the Bank in raising further capital should it be required were, for example, the SP to be less than a £1.
A situation that doesn't see too far away in these volatile times.
What is really concerning, are the implications for the economy arising from the draconian steps being introduced re: the Covid-19 pandemic.
No-one is disputing the rightful focus on health and welfare coupled with the ability via NHS to provide it etc.
What's still to come, both in terms of social and economic implications of further restrictions yet to be announced, will push the UK economy and many others into deep recession with many customers of the Bank across whole swathes of the economy failing very quickly.
I've no idea of the Bank's (current) capital adequacy position amongst other measures, but there will be little doubt the Bank will suffer severe strain irrespective of potential Gov support (for some of these customers).
Until the virus implications become clearer, IMO anyone buying Bank shares for the foreseeable future are simply taking a gamble .....and a fairly aggressive one at that.
I think we all have a lot more to worry about than the Dividend upcoming.
B
I can't see they will cut dividend. If they do cancel or cut dividend, the share price will go further down. This is what they can't afford to do it.
Can't see the run banks going like 2008,government already, got a foot in banks anyway.