The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Also if you held those shares you sold at a loss you would of had the chance to sell them at 400 and would of double the amount made or reduced your loses. So in hind sight selling at 209 may not have been a great move as doubling your money on ftse 100 is very rare
It's not just holding the share it's about managing the share with a long term view. Every body is different and have different strategies many people have made good money in rbs over the last few years and many have lost but that is with every share you buy. If would have bought in this morning and sold now you would of made money. As I said everyone has different views. Take lloyds I got into them held them since then..... Now because I purchased so low I'm in a great position and get huge return on my invested not just capital but better yearly return than pretty much anywhere else u could look to invest in now. So in year to come while it raps up dividend to even higher levels it's only going to get better regardless of BE.
True but what i believe they have done this year is that they see the light at the end of the tunnel. So instead of letting it drag on another two years they taken a bigger hit this year to clear the next. They couldn’t do this in previous year because they would have been crazy to take a 10bn hit in one year to clear the next three year if you get me. So instead of taking a smaller hit this year and next year they did it all this year. It all window dressing of accounts as it makes very little difference to the overall business. They would rather take a bigger loss this year and make a profit next year rather than taking a small loss this year and a small loss next year.
agreed give it a month or two and your see this move up to the 2.50 mark again. all depending on quarterly results. but as i mentioned below as they took a huge hit this year to clean it up, next year should look alot better. Let just hope nothing else comes out the wood work that could really hurt this share price. I really cant see it going any lower than 2.10 but then again stranger things have happened topped up this morning at 2.18 got my average right down from over 4
Market over reaction at this point IMHO. They decided to take huge hits this year to try and stop the rot, if they hadn’t the account would look completely different. Hopefully this is the beginning of a new start with a much cleaner base to start from.
You can always hope! When is tough could be any time. I am assuming if an agreement is reached a rns will be released detailing a plan. But hey what do I know
Going to be taken over!
Going Being taken over
Why would it matter to them either way? If Clem does come to agm with info about all these situation of bad practice then if they don't go after these people the question will be asked 1, was the information correct they have 2, if you aren't going after them to get money back why on earth are u wasting time looking into it.
Paul, many people on here seem to think they will lose this 500k if this went bust, they won't. The pure and simple reason is they will realise the losses against other gains they make in the future.
Where do you see the bottom on this share? And what you prediction for next year mate
Is the general thought that when U.S. Raise the interest rates UK banks share price are going to drop?
Don't disagree with your view to be fair. My personal view is that is likely to waffle around here up and down four to five pence. January in my view will be where this share will start to make stronger gains, many investor currently are pulling out the market before Xmas and keeping it as cash, next year they will plow all that back In And will be looking for shares like rbs/Lloyd/barc as a safe bet to make gains
Ah yeah of course, not sure what that will do to the shares here though. I been in rbs for years and got an average over 400p. I have recently put on a spread trade for this to rise with a 6 month time period. Can't see it going any lower that current levels unless there is disastrous news!
Jings I have probably missed it but is there any reason for the 16th?
Recover back to above 300p in January when fund managers, investor etc start placing their money back in the market for 2016.