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Based on what I see so far from the new strategy set out by incoming RBS CEO, Alison Rose, IMO, RBS SP will do very well going forward, it is currently significantly undervalued and expect huge upside ahead.
With (public) quarterly reporting an accounting requirement in the US, the collapse in net earnings of the US major Banks is already in evidence in the latest figures disclosed this week. And the true impact of the Covid crisis on their economy was only beginning to be felt in the period under report.
So we can reasonably expect something similar in the UK, only it will take another 3 months for the Interims of most to hit the public domain.
Banks inevitably will take a pumelling as the scale of impact on our economy becomes better understood and thats before we come anywhere close to the time when provisions for non performing loans etc have to be made. Its also before you address the impact on Banks as a whole, but perhaps RBS in particular, reacting to Gov pressure to be less commercial and somehow aid the Gov support of the economy (by loosening their normal credit criteria).
Last year, I had been hoping for RBS to make a real start in 2020 toward recovery in their fortunes and ours as investors as far as the SP was concerned.
I think thats more than just a forlorn hope now as Covid moves beyond killing people to killing many peoples' incomes and way of life.
B
Only a loss when you sell
I am expecting another 15-20% drop here however long term see this doubling at this current price anyway.
Gla and dyor
this is back down to my buy in price, thought this was reasonably safe bet,
ah well , best to be sitting neutral than loss ATM
ill wait this one out over the next few weeks
GLA
Not just an odd comment, a really weird and ill informed one. Not least because without banks there would be no stock market. Also, if you look back in his posting history yesterday his quote was "he banks ought to be telling the government what to do - not the other way around. Look at the calibre of the people in each institution. Far more intelligent in the banks on average. Ergo government ought to take its orders from the banks - the people who understand the global economy."
Strange people in the world today...
Agreed
Strange comment, why is it the banks staffs fault???
The banks have well and truly mucked up millions of people's lives and the economy in general. If you work for a bank you have a huge mess to sort out and a lot of people you owe a huge debt to.
In today’s special Easter episode of #FinancialFox, we talk to investment veteran Clem Chambers, CEO of ADVFN and author of '101 Ways to Pick Stock Market Winners', about the current situation of the stock market and the underlying opportunities connected with the crash. Investors are asking: have we reached the bottom? Is it the time to go back into the market yet?
Clem thinks so, but it can be risky and the moves should be careful.
As we settle in a new lifestyle, markets have been slowly reacting still in an unusual highly volatile mood. Clem says that he is back in the market already (50% in) and that the current scenario allowed him to get stocks which were not possible to be purchased before. But, investors must be careful. It is a risky game to play as there are too many variables at the moment.
It is still unclear the full depth of the crisis and it will take time for consumption and services to go back to normal. It is possible that the bear market could last a couple years, Clem says, depending on things play out in the next months. But now, it is definitely a great time to research, watch and make your call.
https://youtu.be/WOhwFzL2pvQ
You can not run a centralised economy without paying the people who make the most important judgements the most money. Not that it matters as I have always argued for a de-centralised economy. However, the centralised economy that has been created (far too over-centralised I would argue) is pure economic lunacy. Just one example will prove this beyond reasonable doubt. The person who makes the most important judgements about health and social care (the Prime Minister) is paid just 1% of the salary of someone who kicks a round object about a field (a footballer). Now if I was the cleverest economist with the best judgement what job would I end up doing. I would try and become a footballer rather than the Prime Minister. Ergo we end up with depressed economists who are failed footballers and jacked-up gob****es as the Prime Minister because nobody else wants a job that only pays £150,000 per year. If I had any brains I could go to silicon valley and earn £450,000 as a programmer. So who would want to be PM?
The banks ought to be telling the government what to do - not the other way around. Look at the calibre of the people in each institution. Far more intelligent in the banks on average. Ergo government ought to take its orders from the banks - the people who understand the global economy. That's unless you all want to be poor. I suppose you are mentally poor already to accept living in an economy where the Prime Minister is paid 1% of what a top footballer earns. That is lunatic economics right there. Whoever accepted that in their world is a utterly crazy. You can not run a centralised economy without paying the people who make important judgements the most money. Not that it matters as I have always argued for a de-centralised economy. But just saying that the centralised economy that has been created is pure economic lunacy as can be seen by the fact the person who make important decisions (the Prime Minister) is paid of 1% of what someone who kicks a round object around a field earns (a footballer).
The price of oil going up is going to create a global economic disaster.
Today 10:06
Nothing surprises me any more in the money world . Just watch on netflix A 2010 film about the lying bankers how they sell you products and shares and bet against them failing . Nice they are all in with the policticians .What chance you got . I thought i met some people in my years in the scrap game but they might be tought nuts etc but not scum like those lot. Did you know in usa they wanted to regulate derivatives but the usa govt turned it down . IN that film all the big bankers made up to 150 million a year each plus bonus yes that much and still got a bail out chunts!!!! MOST of the money men are liars and scum . WATCH THE FILM INSIDE JOB STARRING MATT DAMON BRILLIANT .We cant win
16:45:49 07-Apr-2020 115.55 GBX8,978,191 10,374,299.7 UT but still... good auction at the end. Fingers crossed for tomorrow.
Thats a UT trade which is just a technicality after markets have closed.
At the closing of the auction the bids/offers are frozen and an attempt is made to match as many shares to be sold against shares to be bought - the result of this is what is known as the 'Uncrossing Trade' (UT)
Nice rise Today.
Presumably all bonus's have also been suspended? lol
16:35:28 06-Apr-2020 107.05 GBX 5,070,033 5,427,470.33
Yes, I think you are spot on- lifted a few more on that logic
Have to wait it out get a boost from us markets opening later
But this share is still massively behind the share increase of the other Uk banks - seems determined to decline
Some rest bite this week should have 2 or 3 up days to bring a lift to the share price needs to break 107.5
Fird,
At the moment we are seeing the best of humanity, trying to help each other through this crisis, so that hopefully we can come out stronger in the end.
Unfortunately there is small minorirty like 2227 who are showing the worse in society and not showing any semblence of decency or compassion for others.
It makes me sick to the stomach, that the likes of him are only concerned about the loss of there dividends, when so many people around the world are dying and suffering great hardship.
People like him makes me feel ashamed, that i am a member of the investing community at the moment.
This time it's done by the Bank of England. They ordered the banks not to pay the dividend. The banks are in perfect shape and have plenty of reserves to pay a dividend for 2019 as declared only a few weeks ago.
2227 posted, I quote "Expected to maintain ordinary dividend of around 40% of attributable profits".
We heard similar statement from Fred the Shred, 12 years ago. On the strength of that statement, I along with millions of shareholders subscribed to rights issue. No div was declared for the next 10 years.
Mr 2227 to whom you are kidding?
From another board.
first the govt came for bank shareholders, than they came for FT100 shareholder, than they came for all shareholders dividends…..then they started to takeover the companies…AND WE DID NOTHING