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With one more piece of positive data to be around 150 this week
Just think on 31/1/08 this share was £57.08 when adjusted for consolidation/rights issues according to various charts? I do remember selling some @ £18.07 & I recall them possibly nudging £20? Oh the good ol days lol
Might be a bit of profit taking in the next few days and then a steady rise over a longer period. There's been a real damage and cost because of lock down hence top price this year will be max of £1.60 in my opinion.
Managed to get out today after being locked in for 6 or so weeks. Happy to take a small profit and move on. If it drops back to low teens I might trap some more money here.
I cant answer your question as I now nothing about Barclays. In general though I cant wait to get out of anything Financial. I am kicking myself that I didnt sell these mid week in the 120's. Would have done me, could have bought something sensible with the money. In my opinion this is not currently a well performing sector.
Just wondered why in the last 2-3 days Barclays is out performing rbs, where I think overall rbs in percentage terms has lost more in the last year, now I hold a few Barclays, and was wondering whether to split it between these two or not, what are the thoughts on here?
The SPDR S&P Bank ETF (KBE) gained more than 5% along with the SPDR S&P Regional Banking ETF (KRE), on course for the best week ever in a long time!! Those wondering why this zoomed up from £1 to £1.20
TONY HETHERINGTON: I've been left high and dry by RBS's forgotten mortgage scandal https://www.dailymail.co.uk/money/experts/article-8303371/HETHERINGTON-Left-high-dry-RBSs-mortgage-scandal.html
Exactly this is why I have swopped my BARC for RBS and will swop it back again when it swings the other way .
Lockdown target pressure: RBS staff member claims they're cold calling customers from home to sell products that at one point TARGETED key workers
https://www.thisismoney.co.uk/money/saving/article-8340391/NatWest-RBS-staff-member-reveals-lockdown-target-pressure.html
@ dream,
What planet are you living on as it certainly is not on this one?
vbw
Barclays trading at same sp as RBS, so the mm don't see strength in RBS?
From the Financial Times. Not sure if this would be interpreted as good or bad news, but the share price seems to have been in decline over the past couple of days.
The Royal Bank of Scotland Group plc ("RBSG") completed the pricing of its USD 1,000,000,000 3.073% Senior Callable Fixed-to-Fixed Reset Rate Notes due 2028 ("2028 Notes") and USD 600,000,000 2.359% Senior Callable Fixed-to-Fixed Reset Rate Green Notes due 2024 ("Green Notes").
The proceeds to RBSG (before expenses and underwriting discounts) of USD 1,000,000,000 from the 2028 Notes will be used to fund RBSG's general banking business. The proceeds to RBSG (before expenses and underwriting discounts) of USD 600,000,000 from the Green Notes will be used to finance and/or refinance, in whole or in part, Eligible Green Loans, as defined in and in accordance with RBSG's Green, Social and Sustainability Bond Framework.
The offering is scheduled to close on 22 May 2020, subject to the satisfaction of customary conditions.
This RBS has bounced off £1. It seems to be stuck in this tight range for weeks now!! It's having problems lifting off despite a strong FTSE increase today. Is it the talk of negative interest rates causing it a problem. Sees a like a safe p u n t if there is no downside????
Yep, £2 by end of 2021, but 45p by end of 2020.
vbw
The way they are treating their customers 90pence
https://uk.trustpilot.com/review/www.rbs.com
Agreed
Expect a big spike when lockdown is eased and/or when some vaccine or treatment is announced..
Hold for the long term - RBS is well financed and has more than enough in the tank to oversee the upcoming storm. I can see 200p by end of 2021
Bought in feb at 2.05 and now at 1.04. Loss a lot but now there is no incentive to sell but hold into the future. I don't expect to see sp at £2 anytime soon as covid is not going to be a temporaral thing but hopefully between £1.30-1.50 by end of year. With some small free cash I have been buying in any time it fall below £1.05 and sell anytime it goes above £1.15. By doing so, I have managed to bring my average to £1.71. If I go by the strategy next week at current price I could bring my average to £1.4. At the moment I holding on my free cash not sure what the market sentiment is. I will be happy to know what others are doing to manage their investments. Best wishes all
Also good to see the "top brass" didnt deem it necessary to cancel their performance "bonus" shares unlike the dividend - its does not send out the right message!
With the SP seriously testing its £1 Nominal Value, its probably time for another share consolidation......as if that fools anyone.
Before the last such consolidation, the true price today is equivalent to 10p and thats a much better reflection of risk here. For a share that once traded at over £20 to have slumped to 10p shows the true extent of RBS' demise.
Yes, its reasonable to suggest that the only way is up.......more poignant,I think, is to question whether we will ever live long enough to see it.
B
Lol you copy and pasted this on the barcs board... is it on lloyd and hsba too?
Pippa I agree just make sure you get your loan from rbs.....im not after a 5th home but a little place on the Costa del sol would be ok
Its all about tier 1 ratios and we have loads of it ,I can see us tripling from here if you can wait 2 years.
WMMG, The article I read referred to the BoE not being able to predict / forecast recovery as there were to many variables. Whilst saying they stated a V recovery, where did you get this "confirmation" from - I'm thinking at best a U.
As far as the government reducing assistance to the banks, I didn't make that point. I refer to reducing support toward furloughed workers muted in by CE to not extend.
With regards business, the funds are starting to dribble through but only to replace NP where this has been lost due to lockdown - if it's a grant, all well and good, but on the whole it's a loan (all be it the cheapest commercial loan available), it's still a loan they were not expecting to take on the whole.
How do you think coming out of "lockdown" will develop, particularly in hospitality and travel related businesses?
As far as drinking early, I'm a jolly good religious chap and don't touch the Chateau Lafite until at least the little hand has passed the 7