Royal Bank of Scotland Share Price (RBS)

Not the famous song, not today's horoscope prediction ! Something more interesting which RBS may participate in.

Apparently, RBS has held talks with Facebook about its new cryptocurrency Libra and is exploring ways it could possibly work on the project !!! Must admit to being amazed that RBS is being so forward thinking - did not think they had it in them.

Facebook have announced plans to launch a new global cryptocurrency, called Libra, in 2020 (assume July 2020), hoping it will help 1.7 billion people globally who are stuck outside of the banking system to access financial services.

Facebook will build products for the cryptocurrency via a new business unit called Calibra.

Simplistically, my understanding is that unlike other crapocurrencies like s*itcoin, Libra will be more stable by being based on a basket of global currencies including sterling.

Hope something comes of this initiative.

I am putting cash inBrexit affected shares depressed by fear, mood and sentiment.

Selected, RMG, SSE, VOD SBRY and RBS. All paying 5% + returns. My assumption is that these are all undervalued on these terms.

November or December this year when the smoke clears will see the success or demise of this plan.

Your beer mat evaluation is compelling and if confirmed on 2/8, I may add some more RBS.

Cheer So!

SonofRobin - tried to calculate out the size of any special divi on a beer mat and came up with complete guesstimate - 10+p per share covered several times. Time to buy.

Share price not divvy.

Thanks D, with HMG owning 62%, I am sure handing a special bonus to them will be most welcome. My gut says it should be £3+. I hope with PPI gone next month, we can move nearer to that level.