Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
The journey will be longer. The results will be bad tomorrow in terms of bad debt provisions. I reckon those in the know will have jumped ship today. If there is ever bad news from a company, RBS likes to go down in sympathy with its own share price. Tomorrow it can go down all on its own with no help needed from anyone else. i wouldn't be surprised if it nears the £ mark
I guess the journey will be longer.
In yesterday and out today so you will probably all make a fortune tomorrow. GLA
I am guessing today's SP downturn is a reaction to Lloyds Q1 figures and a concern it will be more of the same from RBS tomorrow.
I actually think the Q2 figures will in due course be worse once the scale of the lockdown's economic impact really filters through every aspect of the Bank's business.
B
Results are going to awful, we know that..but is today's drop on the back of that or is there another more pain to come?..
Perhaps tomorrow we'll see £1?
Good Week....Oh, aye?
They Geld RaceHorses to improve their attitude and performance....
Do you think this would this assist the current greedy Boardroom DickWeeds?
CET1 ratio should be bery healthy hopefully this dog will rise Friday.
Great to see a bit of rise. Hoping it might have followed the likes of barclays. Long way to go but glad to see some rise this week.
I read this by an economic commentator and I must say I agree with a lot of what they said:
How is the Fed different from ponzi schemers like Bernie Madoff? Can someone please explain this with an intelligent answer. Everything I learned in business classes in college preaches how supply and demand create a free market and thus a real price of goods and services. What is going on? I want my money back from the tuition I wasted. This is ridiculous how we jail all the Madoffs but let a gigantic Ponzi entity stay free. What is the point of opening a legit business and being financially responsible only to see your irresponsible risk taking competitor always getting bailed out? There is no incentive to compete. No reason to win. All the businesses and individuals that saved and kept a sound foundation wasted their time. Sounds like socialism. Not capitalism. Help....
In my opinion, Comparative Share Price analysis pre-covid and now for all the banking sector shares puts this ABOVE 140p.
Hopefully the Q1 results are better, then this can FLY PAST 140p in no time:)
DYOR
results week, looks like the current shift upwards means they're positive on the outlook
Broomfielder I agree.
With the current government I fear the entire economy could collapse before they approve the funds needed to keep every business open (because we need more small businesses not less in order to raise people's living standards in the UK).
Sonsof, If you look at Trustpilot reviews for any of the big UK banks, you'll very much note same pattern, large banks generally don't receive great ratings there. IMHO, RBS may currently the most undervalued UK bank stock, worthy to note that it has a CET1 ratio of 16.8% which is 7.9% above the regulatory minimum and way higher than other major UK banks, it has a huge cash buffer which makes it very cheap at present, additionally as highlighted earlier, new CEO in place seems to have a good strategy in place so far, again IMHO.
According to reports over the weekend, analysts are predicting RBS first quarter profits (to end March) to be down 70% on previously predicted levels. This should reduce net contribution to c£200m.
It should be borne in mind the effects of Covid-19 on the economy were only really starting to be felt around mid/end March. The full impact of the lockdown wont start to be seen until the Q2 performance is reflected in the H1 Interims produced later in the year.
They are unlikely to make good reading.
I keep hoping for a sustained upturn in the RBS sp finally putting the 2008 financial crash behind it, but any hope of recovery seems once again a distant prospect, albeit this time, for reasons beyond anyone's control.
The recent loss of dividend I fear is about to pale in significance when compared to the likely impact the impending recession will have on Banks in general and RBS will be no different.
B
Today's FT suggests the Gov are now actively considering launching the Coronavirus Business Loan Interruption Scheme enabling Bank loans that meet appropriate criteria to be 100% backed by Gov guarantee.
This should have been on the stocks long ago as I posted last week. The true extent of the economic turndown isn't yet known but it is obvious that most economies inc the UK will face little short of catastrophe.
This loan arrangement should help liquidity and greatly widen the number of customers who can now access much needed support. It will also help Bank's capital adequacy.
That its taken this long really reflects the lack of quality in the people running this country. And I am NOT trying to make a political point/score here but we, the UK public and commerce really deserve better.
B
Interesting comments, Dartron, all makes sense. I hope that after this recent stability of sorts, we can start to move up at some point in the near future!
Having analysed the buys and sells, the only considerable volume is either after hours or first thing in the morning. The rest of the day its just silly games, dribs and drabs trading. The last 3 sessions, all featured a big buy at close so the next day it opened slightly higher. They cleverly manipulate the price all day dropping it lower so they can buy again at the end of day. I think around 104p for this share is the price floor (at the moment) so it makes sense that big buys are occurring (albeit on the sly).
I must take this opportunity to say what a great investment my 240p buys of RBS have been, although these are well and truly locked in (and we may not see this price for a very long time) I do think there is money to made here in the short term. I did another buy a few weeks ago at about 110p. Im hopeful we can get beyond that before the economy implodes...
I was wondering whether anyone else had noticed or had any thoughts on why the share price seems to go up early most mornings recently but at precisely 8.35am, it starts to go down! Any comments?
Almost every business would benefit from a fall in fuel costs (albeit to differing extents admittedly). However, it is a lot fairer than simply targeting the banks (and their investors) over and over again.
Very good points Broomfielder. It is completely unfair to investors in banks. When other people run short of money these investors are always the ones targeted (same in 2008). You make a very good point that others should be asked to fund any shortfalls. A good start would be reducing tax on diesel/petrol in the UK to the same level as in the USA. This would reduce the price per litre to about 55 pence. This is a contribution the government could make using the money they took from investors during the 2008 meltdown.
Excellent customer Service tells you everything you need to know before Investing in this outfit https://uk.trustpilot.com/review/www.rbs.com
Robots, it appears, have taken over the NatWest asylum
https://www.dailymail.co.uk/money/comment/article-8232445/JEFF-PRESTRIDGE-Robots-appears-taken-NatWest-asylum.html
As was fairly predictable, Banks are now being widely kicked for not throwing loans at UK's struggling corporates (as well as to private individuals etc) on very generous (ie not normal commercial) terms.
Certainly this support is desperately needed but it has to come from Central Government and not commercial entities, be they banks or otherwise. After all, how many other strands of the UK economy are asked to reduce the prices they levy such as oil / energy companies or haulage / logistics cos etc which would lower industry costs nationally. No, its always the Banks that are expected to add liquidity.
A Government backed loan guarantee scheme outlining some basic customer requirements would be the quickest and most efficient form of delivery. It would also ease pressure on the Banks' capital base which will increase as other defaults inevitably increase. Similar, albeit smaller such schemes have worked in the past.
Almost beyond belief is todays coverage of the Chancellor considering a securitisation scheme (packaging up bundles of Bank loans which could then be sold to the Bank of England). No doubt the bundles wont be properly credit rated and in an instant we are back to what caused the 2008 financial crash.
Of course, this time will be different I hear everyone saying - these guys know what they are doing.............
B
Interesting that £1.06 is really in old money 10.6p which is where the SP was 10 years ago during the FC when RBS was the centre of the crisis and the companies entire wherefore was in doubt.
Very much not the case this time around but the same bargain basement price.
When things eventually return back to normal, at this entry price this is going to provide one hell of a div yield !
Here's hoping so....