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For ethical and reputational reasons I cannot see NatWest Group purchasing any of its shares back from HMT. It's one thing for the Government to be all over the news for crystalising a loss to the taxpayer for selling the shares to the market at less than 502p, it's quite another for the Bank to have sold them to the taxpayer for 502p and then buy them back from the taxpayer for anything less (and especially at more than 50% discount). The Bank is all about doing the right thing these days and a directed buyback from HMT specifically, at these prices, would fly in the face of so many of its checks and values.
may be not ,for face sake ,might be a hard landing with Brexit. only thing will shift
banks if interest rise.
Phil, yes agree some sort of buyback must be on the cards; likely to be a very interesting year for RBS with a positive look to it.
Could also be a reason for the drop in divi if they are hoping to do a share buy back from HMG? Or is that wishful thinking .....
You've Made A Good Start ................ Flog The BBC With Yesterdays News Whilst It's Still Worth Something ......... Tear Up RBS Shareholding Set It Free,Admit We're Overbanked ...... Flog Your Golden Shares In BP,Power,Railways,Defence ...... Set Light To Markets Build Your War Chest .......... Simple Really..... The Format Is There .
Saw Times article declaring HMG intentions to sell off some of its stake even at these low prices.... guess depends who buys the shares as to impact here.... ii's would cause price depression IMO, however if RBS buy them then cancel them should be beneficial?
Thoughts anyone?
You think we are going to drop with HSBC today? We've already had our punishment surely...
What do you think Foxy? £2.60 or £2.00 .....
Royal Bank of Scotland: JP Morgan reiterates overweight with a target price of 260p
RBC Capital Markets lowered their target price on the Royal Bank of Scotland Group from 230.0p to 200.0p on Monday following the bank's 2019 full-year results.
I guess your average must be a lot greater than mine then.
Depends on your average. I’m a LTH.
10% return except the sp is down 20% from this time last year???????
Well bit of a strange day. I sold out from my original Friday buys at 2.11. Then traded NMC twice and got out there as my nerves wont allow me to hold that one overnight.
Bought back in here at 2.066.
Hopefully get a bounce back here tomorrow?
Brilliant 10%+ return in last year.
Cheap as chips.....
Divi was confirmed on Friday @ 7.00am in the final results "RBS reported an operating profit before tax of £4,232 million and an attributable profit of £3,133 million and proposes a final ordinary dividend of 3 pence and a 5 pence special dividend. "
Market makers,down to shorting, tree shaking won't drop that much now.
Thoight 8p ordinary dividend had been confirmed for 2019-2020 FY? Looks as though the broker expected 13.9p 2020-2021 is a little shaky, but even if it's say 10p, that's still near 5% divi at these prices, hardly a big ssue for me. I'm long term here and bought more the other day, so avg now is 220p. Any drops below 200p and I'll add more. As soon as interest rates rise this becomes an instant bargain IMO and I can wait while reinvesting my dividends in the meantime
Bristolcupid
"jreid - Your post Friday 7.30am - "8p??" "
I was looking for the number to be confirmed.
The real problem is that the Government still own 62.4% of the shares - it has stated that it has no wish to own/run a Bank & have previously sold tranches @ 330p in 2015 & 271p in 2018 therefore it appears to be happy to dispose shares at a significant loss around these levels. Therefore if the sp reaches anywhere near these levels a further Government sale will take place to again suppress the sp for a further significant period.
jreid - Your post Friday 7.30am - "8p??"
Ex div date 26th March so we can expect a rise between now and then, followed by a drop, maybe some more good news will drive it up sooner.
my gut feeling is the price is going up. I also believe another tranche of shares will be sold off reducing the gov owned stake. then it will be a rocket share rise.
Rose now has the scope to raise the dividend, or maintain it if trading conditions dictate, this approach is best for LTI's. Some of us have waited for RBS to pay a div. and can take the long view. GLA
Expectations were raised too high for the dividend payment so i'm thinking the SP will recover with the nearly 4% yield before the 26th of March.
I'm sure our biggest shareholder would want to see a higher price.
@bristolcupid can you please elaborate on "divi very poor"???
if a 10% yielding dividend is a very poor dividend - can you please point me in the direction of a stock which pays a good dividend.
Thanks