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Whilst we all hope this is not a rerun of 2008/09, the collapse of the SP (of almost 25%) in little more than 2 weeks, has once again given lth in particular that uneasy feeling the falling knife has quite a way to go yet before it hits the floor.
Never mind, we have A Rose and a soon to be rebranded name to get us out of the quicksand. Oh, no doubt its not anyone's fault here, its simply that nasty coronovirus which after all, no-one in the Bank could have foreseen.
Never mind, in a couple of weeks the SP should tick up - just before the collapse should resume once it goes ex-div.
Yes HM Gov are desperate to sell their remaining holding to shore up their post Brexit plans, so the Market is well aware etc. that disposals will happen sooner than later.
And everyone thought it such a bargain when the SP approached £2.........
B
This bank was bad when it was more than a hundred billion in debt ,but they hired the right man in ceo Stephen Hester but that wasn’t good enough for the pm David Cameron & school boy George Osborne , nota bloody bars iron brew of knowledge between them the too flower pot went into high gear for more destruction , by sacking Hester , and hiring Georgie boys pick in Ross Mcewan , from Newzeland , well he was top brass for selling and removing banks like a ice cream shop selling ice cream in a heat wave , the man was useless , just like the CHAIRMAN ha ha Sir Philip HAMBURGER HAMMOND now we have ceo Alison Rose , ?.....??? They will keep changing this share about just ta keep the very wealthy getting on the gravy train again , when we leave the EU and start trading with all the world , but they will still keep putting the spanner in the works , just ta stop uUS that will never get there money back ,ha ha ha they are so out of touch we the ordinary punters they made shares into 10 so it looked a bit better looking for new customers , ta spend there money in this , bottomless pit RBOS ?
This bank was bad when it was more than a hundred billion in debt ,but they hired the right man in ceo Stephen Hester but that wasn’t good enough for the pm David Cameron & school boy George Osborne , nota bloody bars iron brew of knowledge between them the too flower pot went into high gear for more destruction , by sacking Hester , and hiring Georgie boys pick in Ross Mcewan , from Newzeland , well he was top brass for selling and removing banks like a ice cream shop selling ice cream in a heat wave , the man was useless , just like the CHAIRMAN ha ha Sir Philip HAMBURGER HAMMOND now we have ceo Alison Rose , ?.....??? They will keep changing this share about just ta keep the very wealthy getting on the gravy train again , when we leave the EU and start trading with all the world , but they will still keep putting the spanner in the works , just ta stop uUS that will never get there money back ,ha ha ha they are so out of touch we the ordinary punters they made shares into 10 so it looked a bit better looking for new customers , ta spend there money in this , bottomless pit RBOS ?
Lol yeah but a somewhat misleading statemwnt with an RBS MCAP of 23 billion versus 330 Million
Metro SP will soon be greater than RBS!
Is this drastic and painful drop down to Nat West getting the good bits and RBS getting the dross?
It’s scary to think about it but we’ve been talking over the years about total government control.
Any positive news anyone.
Yep. Was tempted to top up sub 200p, but I'm personally going to hold off to see if this gets any worse.
Coronavirus, its hitting markets hard.
Jeez, taken a tonking this morning!
So either hmg sale, RBS buy or even both ? IMO RBS buy back at inflated price likely - citing average sp for week after election LOL
According to the press expect a small sell off, I'm still hoping RBS get to buy back despite the reasonable contrary comments on this board. Time will tell.
Still due 11th March. RBS stake will be mentioned. Anyone see anything in their crystal ball ?
I'm in with both, but TBH I don't understand the reaction to LLOY when RBS got spanked despite a rise in profits. I know it's about forward estimating, but the forward issues seem similar to both for me? Anyway, I'll happily add a other tranche here if it goes sub 200p. Looks like my LLOY holding is going OK though at the minute
Lloyd's up nearly 4%.
This stock seems so unloved at present.....
Although I dont post much I do like to see the state of the share price as ex employee and hold quite a bit of shares. When RBS Group is taking about name change its referring to its Parent name been changed from RBS Group to NatWest Group. The branches will still trade the same RBS, NatWest, Ulster etc. What will change is RBS back office employees having @natwest.com emails an not rbs.co.uk whether they serve natwest or rbs customers.
There was talk about consolidating and bringing two branches (1 rbs, 1 nwb) that were close under the same roof, but this doesn’t work when you have to balance multiple accounts and from competition point of view it reduces competition. I've posted something similar a few years back, but when RBS took over NatWest in 2000, NatWest was 7 times larger then RBS and its Mortgage book was 3 times larger. Although NatWest wasn't structured correctly and different departments didn’t talk to each other, it was a massive bank with a massive customer base. What drives profits its loans. up to 2/3 of these were organic customers who wanted mortgages coming through retail, whilst 1/3 was from something called introducers. NatWest had 1000’s of intermediary staff based in Priory, Cannon and Maple house whose sole job was to bring in customers.
RBS tried to increase its mortgage book in 2009-10 asking NatWest mortgage introducers or Intermediary partners to push more volume through RBS rather than the NatWest brand. They ended up with losing customers. In the end they gave up and starting pushing more through NatWest.
Resurrecting the NatWest Group name as the Parent company which already has a massive customer base will see people dealing with what they think is a trusted trusted brand although internally everything is the same.
Let’s be clear, due to a lack of governance from HMG, NWB was bought with paper by a bean counter from north of the border. The two IT systems were never properly combined. Further acquisitions and poor decisions put the whole thing into public ownership. The branches in Scotland will not be badged Nat West. Closures have been suspended. Further news later in the year are awaited. Lloyd’s have the same situation with BofS.
The good news is that the bit called Nat West is now we’ll capitalised as is the entire group of entities.
I don’t post on the LSE much but I do look in every day, it amuses me greatly when people go ‘ the Scots this the Scots that’ I’ve today on this site that ‘when NATWEST bought RBS’ incredibly incorrect, year 2000 RBS finalised the purchase of NATWEST, headquarters where and still are in Edinburgh, even though the new chief will be based in London, many people say do your own research, and that would possibly be the ones that know all about the markets... oh and before someone comes back just think would NatWest still be around today if Shred hadn’t tabled, RBS wouldn’t have been hit as hard by the major fall outs....
Not sure of the logic there - However there will be opportunity to reduce the number of expensive branches once full rebranding from RBS to NatWest takes place.
What about hiving off the Royal Bank of Scotland branches and giving it to Scotland and returning Nat West to UK ownership. This could be taken as a payment by HMG to the Scots and reduce the HMG holding to below 50%. When RBS was bought it was roughly 30% of the whole. Then it could return to the pre-Shred days eg 1999.
Catch 22 when Govt. have so many shares it holds the sp within a narrow range, get the figure below 50%, the sp will rise and the govt. may get a profit in time.
Boris Knows Banking Advertising Where It Get's It's "Profit's" From Is A Busted Flush ..... Tech Companies Paying No Tax Will Eat Them ............ Like The BBC being "Eaten" From The Inside With So Called "Celebs" Setting Up Their Own Companies Bleeding The BBC Dry ...... BBC Get Their "So Called News" From FB .... Only A Matter Of Time .
The Government, through UK Financial Investments, have previously sold tranches @ 330p in 2015 & 271p in 2018 against public backlash but in hindsight being pretty shrewd - therefore it appears to be happy to dispose shares at a significant loss around these levels.
On what basis are you saying it will hit 250p?
Unless, they give it to per shares to the people
Of the country, not to moan. Can't see it with Boris Johnson's, spending plans,he doesn't
Need votes anyway.
JABH see you have these as a Strong Buy?
Me too bought at 2.06 yesterday a little rise earlier but back down with whole market.
Lets hope for some uptick soon especially with the divi soon