Member Info for Broomfielder

I dug into this one (for me) fairly significantly in recent times, trying to recover past losses which I was forced to crystallise due to other commitments.
Would have given my eye teeth for Brent to be testing US$122 pb a couple of years or so back but not at all expecting our SP to be where it is at present in light of oil prices but especially given the progress HUR has seen on so many fronts.
Agree, a bit more patience required.
I ain't taking sides, so my thanks to the many regular contributors to this bb. I appreciate all the Input!

Yet another clinical study has underscored not only the accuracy of Angle's Parsortix system, but also its incredible versatility. And, of course, its a non-invasive process.
I don't profess to be a medical specialist, but the findings of so many many independent studies carried out over the past couple of years really underline just how transformative Parsortix will become in cancer diagnosis and treatment.
In many ways FDA approval was academic, but I guess what it does do is add that all important 'kite mark' of approval so coveted for commercialisation of such a health/safety type product.
I honestly cannot see Angle remaining independent once Big Pharma fully assess the potential here. Not a ramp, simply my honest opinion.
GLA.

Great day for AGL investors but an even better one for cancer patients who will benefit immeasurably.

Hi MikeS02 - firstly, I appreciate your own input on this bb helpfully pointing many posters in the right direction etc. with their queries.
As you say, Powell's point is an interesting one albeit its also over simplistic (in my view) as so many of the vacancies within the UK (can't speak for the US), are highly skilled which limits 'transferability' somewhat for those living their jobs. The retraining times are also likely to have a significant impact.
It's also a relatively new feature of many Western economies that there seems to be increasing numbers/types of key jobs that despite being well paid, are just not being filled eg doctors and do not appear to be sensitive to salary levels . This situation also pre dates Brexit for example.
My main concern however is that Central Banks ratchet up Interest rates too much and too quickly. Certainly the Fed Reserve have 'previous' for this sort of behaviour.
If this does happen, it will not necessarily sort out inflation but could well take a sledgehammer to an economy still coming off the ropes of Covid only to face rising costs across the board at the same time consumers cutback on their own spending.
Given the unique issues which most of the world has felt over the past 2-3 years, I think will lead to Banks seeing the adverse impact of such monetary tightening much quicker this time around than has been the case in past downturns.
Rgds
B

With the Fed Reserve increasing US rates by 0.5%, it looks more and more of a stick-on BoE will lift our rates by a further 0.25% tomorrow.
However, as its geo-political risks that are driving world wide, supply driven inflation, you have to wonder what sort of impact even coordinated Central Banks' intervention will have.
Such circumstances, certainly limit the options open to Central Banks but you can't help thinking a further increase in consumer/business costs at this time (on top of all the rest happening and in the pipeline), could have a fairly dramatic effect on the UK and others economies as they take a similar approach.
And it won't necessarily halt inflation.
So, we are heading for increasingly choppy waters and whilst NWG is well capitalised etc increased levels of impairments are expected as we move forward. Its more a question about just how high these get.
So whereas there was the briefest acknowledgement to rapidly changing trading conditions, the 'mistress of understatement' might have to revisit her somewhat sanguine sentiments expressed in the Q1 Results.
Yes, that light at the end of the tunnel really is an express train coming toward us, so Banks generally are bound to get buffeted in the storm.

potential acquisition of Tilney being touted in the Press seems a fairly extraordinary figure to my eyes at least.
Hardly dynamic stuff from our BoD but deemed by many to be safer territory and providing a more predictable income stream than Investment Banking which NWG now deem to be anathema.
Certainly, Tilney has been through many owners' hands and merged with other Fund managers since RBS owned it in the 1980's and sold it under an MBO in the 1990's as part of Charterhouse.
I'm sure the price then was a good bit less than £10m!

Mike /Jim jam - the future of interest rate increases (and the pace of such increases) isn't quite a 'stick on ' as you might imagine.
The problem for Central Banks is that inflation is almost exclusively 'supply' driven this time and as raising interest rates impacts primarily on 'demand'. Too quick an increase(s) will likely end up with stagflation which Central banks have limited ability to influence, and have minimal affect on underlying inflation.
For banks generally, the headwinds affecting most countries economies are inevitably going to lead to challenging conditions where rising customer defaults must be expected. Banks benefitted from lower than expected unperforming debts after the Covid lockdowns, but this time around, I don't think they will be anything as fortunate.
NWG is well placed to weather these storms, but we have yet to see the true extent of the problems now emerging, but profits growth expectations in the short term at least will have to be paired back.

The previously unthinkable prospect of a world ban on Russia's sale of (principally) oil and gas is inexorably moving toward coming to fruition.
Replacing close to 40% of Europe's gas imports will clearly be a challenge of gigantic proportions but, already countries are now openly airing the implications were such a ban introduced. That in itself is truly staggering.
Oil is still exempt from the West's sanctions but already Markets are displaying clear signs of shunning Russian oil. This, and the fact Russia needs to trade oil as its own oil is 'heavy' in the main, and their needs include importation of lighter crudes.
Now, if the West move to a total embargo (and clearly there is increasing appetite/resignation such a step will be necessary), the effect on Western oil prudes will be dramatic. And it may be just around the corner.
What value now HUR?

Dinoken - Doubt they have any direct exposure to Russia although they may well have to Companies which themselves have either connections or have customers within said country.
I would certainly be surprised if Mr Abramovich has links with NWG but I guess that could be easily resolved.
As a Chelsea supporter, you should certainly be grateful to NWG (RBS actually) for keeping your beloved Club alive in the 90s in the early days of Chelsea Village etc.......but thats another story!
B

Couldn't agree more Scad with all that you say here. Your last para is surely the sentiment of any right minded individual.
As far as the Markets are concerned, they just like our Western 'leaders', genuinely spooked by Putin's unpredictability. Without wanting to spread panic, there must be genuine fear he will not stop at Ukraine - even if we think that's unlikely, they have to prepare for the possibility.
Meantime, until there is greater clarity, the very least we can expect is extreme volatility in SP/Markets regardless of whether or not NWG has any exposure to Ukraine.
Overall a very sad time (again) for humanity and I think we can also ignore the idiots who have posted on this bb stating that 'Putin is not the aggressor here' etc.
Only his nuclear arsenal will no doubt prevent him being rightly tried for war crimes.

....now expected following the decision of Russia to move its troops into Ukraine under the nonsense of supposedly peacekeeping forces.
Only surprise its taken them this long - Putin, just like Hitler, outlined publicly he wanted to reform the USSR and the madman is now doing it. There's not many things more dangerous than a dictator in charge of the word's biggest and supposedly best equipped armed forces. It is genuinely scary.
The cr*p written by so many about Putin being intimidated by the West etc is just that. And the West will have to waken up to seeing the Russians tramp across the second largest independent country in Europe whilst we all wat
Whether or not NWG have any exposure to Ukraine is irrelevant. Western stock markets will write down all of our investments for us.
But that might be the least of our worries as we don't have to look that far back in history to see what happens when dictators believe they are all powerful.

I find it slightly surprising that many analysts believe the risk Russia will invade Ukraine IS already priced in to UK stock prices.
Should Putin decide to live out his dream of restoring the old Soviet Union, then I think every Western stock market will fall off the edge of a precipice. Because Ukraine won't be the end of things as the Baltic states and others have said for years.
So, as investors, we are very much on a knife edge, as the future stability of Europe and perhaps the world, is now at risk for the first time since WW2. Its taken a while, but the world is finally waking up to this possibility.
So it rather knocks the other issues facing NWG into a ****ed hat so to speak but unfortunately, Banks tend to suffer even more in such circumstances as they are viewed as bellwethers. So we can expect much more SP volatility at the very least in the short term.
Let's hope Putin revisits Hitler's plans for invading Russia in WW2 (operation Barbarossa and the story that preceded it looks identical to his Ukraine build up) as we all know what happened to him/Germany. In any case, let's just hope sense prevails.
However, there is nothing quite like a national security crisis to focus the politicians of this world on the real priorities in life, so we may actually get some real leadership to take this country forward after so many years of circus like entertainment.
Real motivation in moving the UK forward dynamically could be an unexpected bi-product.

Deezul - firstly, I thank you for having the courage to place your personal health issues on a public forum as a very relevant contribution to the discussion surrounding Angle's Parsortix technology.
Angle have achieved the CE mark that permits use of its product within the EEA which includes both the EU and the UK,but I am not aware if the commercialisation strategy Angle has for Parsortix awaits the outcome of FDA approval prior to global roll out.
Given the severity of your condition, I would have thought it worthwhile to make contact with Angle, if you have not already done so, to determine their positioning as far as the UK market. Time is not on anyone's side who may have cancer and I have publicly berated the FDA delays citing the lack of any issues/areas of concern they may have being raised publicly from the information and plethora of independent research material at their disposal, makes their position increasingly culpable.
I can only echo Thompi's good wishes to you for the future.
B

Understandably, many investors are getting a bit excited about NWG's increasing SP, coupled with the prospects of potentially mouth watering levels of Dividend, be they 'special' or normal. After all, we LTH's (and anyone else) are due something from this share, I hear you say.
I am not complaining, as it gives me some hope of at least making a small dent in the losses I have incurred with NWG (aka RBS) in 2008.
But I think we shouldn't delude ourselves and be alert to the fact that this country is sleepwalking into a potential inflation lead disaster with so many people almost overnight being unable to meet their increased energy, fuel and food bills. So many businesses will also face huge increased costs of the like a generation or more has not witnessed.
Increased interest rates fuel greater Bank profits as economists tell you. But that's only if people and businesses remain 'viable' and meet their obligations allowing Banks to widen margins as we have seen in the past. So, potentially, there is the basis for non performing debt already mushrooming.
Enjoy, the positivity in which Banks are currently viewed by all means but don't forget that banking is and always will be, deeply cyclical. Yes, the picture can change very quickly, especially when we have a BoE that seems to have one eye on political spin rather than having both firmly focused on the their real job.

.....together with any bail-out finance should be the domain of Government (as of course RBS/NWG know only too well), but according to The Telegraph, NWG are being roped in at the Gov's behest to assist structuring a deal to support many of the remaining players.
Normal bank lending criteria should not be compromised.....unless of course the Gov are prepared to provide a full Guarantee (like other Gov assisted lending schemes) covering 100% of any facility beyond our normal lending parameters.

You are not wrong Dinoken.....the mess in Irish banking is inextricably linked to the Province's politics and 'our' exit will improve our B sheet significantly, after the huge write offs that is.
Jimjam - comparing the share buy back v dividend argument can only really be advanced once we know some clarity on detail to allow number crunching etc.
Simplistically, I've always favoured the Divi hike as returns are easier to calculate and more transparent. Usually the preferred route of II's.
Rgds.
B

Dinoken - I love some of your 'positives' for 2022.....'no obvious new fines in sight'!
You are just such a cheery soul.....! Made me laugh anyway.
Good New Year to you .......and 'all the best' to the many long suffering RBS/NWG investors.

B

As you say, bbeettaa, there probably won't be any Exec or senior management casualties despite having to shell out such a substantial sum for not only being unable to do their job but in so doing to achieve a level of sheer incompetence that is almost breathtaking in its scope.
The Authorities should (be able to) penalise key office bearers in order that lessons may be truly learned, but, instead the easy (and wrong) option is always chosen leading to us shareholders to foot a bill for which we have no responsibility.

....is just the latest in a long line of supposedly one-off penalties the Bank has been hit with over recent years.
And this is not a legacy issue from the much reported days of excess at RBS but dates from the outcome of police raids in 2016. Quite honestly, the details of the case are staggering and should result in some serious casualties in Senior management and Executive.
I have no idea if the level of fine is higher or lower than was expected but the quantum is clearly not insignificant.

I wonder just how many people worldwide could have benefited or even, saved by the use of Angle's non-invasive Parsortix system during the FDA's extraordinary strung-out approval process.
Everyone appreciates these matters should not be rushed but for Heavens sake, the plethora of extensive independent Research findings have been exclusively and transformatively supportive, and should assuage most concerns.
So, meantime, people are doubtless dying waiting for the FDA decision. A bit more important then than peoples' potential investment profits, including my own!