Member Info for HALFMIST

Sorry, typo error .Sold 110000 today leaving a balance of 240000 shares in my portfolio.

I put a sell on today of 100000 at 1.97 which just went through before the close leaving me with 240000 shares to carry forward in to the next tax year. Me and my Mrs made a profit of £24k on this sale which is below our CGT annual limit. Onwards and upwards in to the next tax year. Mortgage paid off, new canal boat purchased and a spare £60k to spender the next 12months.. Bearing in mind we were sitting on losses of £350k around 12m ago just pleased we had the bottle to sit tight and wait. Good luck everybody.

Peanuts, exactly. Doesn’t stop the share price dropping by about £1billion though.

The Bank Of England does not have the Statutory Powers to insist on the dividend policy of a commercial bank. That said, it’s guidelines are very specific. It would be a very brave bank that went against those guidelines.

Bank Of England.... Dividend guidance to the banks "Distributions will be CAPPED at the higher of either 25% of two years profits after dividends and other distributions or, 20 bp of end-2020 risk weighted assets" ... sounds like a restriction to me.

There isn’t a divi paid on the last day of the trading year stay or go. The Accounts have to be audited first. The announcement will not be made until March and then it will be voted on by the shareholders. Don’t expect a massive dividend as the authorities have told the banks to keep the payouts within certain parameters because of the uncertain times.

Negative interest rates doesn’t mean Joe Public will be paid for borrowing the money. It is a mechanism used by the Central Bank to encourage the High Street banks not to hold too high cash reserves.

Negative interest rates doesn’t mean Joe Public will be paid for borrowing the money. It is a mechanism used by the Central Bank to encourage the High Street banks not to hold too high cash reserves.

PSK. Preference Shares are a different class of share to Ordinary Shares. As the name says they take priority over ordinary dividends and are paid out before ordinary shareholders. With Non Cumulative ones if a dividend is missed that's it. With Cumulative ones all arrears of dividends are paid ahead of ordinary share holders dividends. They usually pay out dividends at a percentage of their par value for example 3% of £1 Preference shares would pay out 3p per year. They don't carry voting rights and they tend to pay lower dividends than ordinary shares as there tends to be less risk attached to them. Many companies issue them so on this occasion there is nothing going on underhand by the Board.

Agreed battleja. My cushion before being forced to sell is about 4 years but very pleased with the last 10 days rises. I am now only 12p off break even.. Then hopefully onwards and upwards to £2 which I have agreed with my Mrs that its time to bale out though she would prefer to stay in. Just hope the Chancellors Statement doesn't put the brakes on, then of course its almost crunch time with Brexit. I voted out and would be happy to stick two fingers up at them in normal times but as I am in for so much I just hope we can do a deal to see the SP go to my out price

It said on Radio 4 this morning that December 15 is when the FSA will decide if the banks can re introduce dividends and its 50/50 on next year according to the experts. See what 8.00am brings with the new vaccine announcement.

Normally I would agree with you Jim jam but now I am in retirement I am not prepared to take the risks that I have done over the last 10 years. Time to give someone else a chance once it hits my target price

Yes, I agree, £2.00 would be great. Got in at various prices from £2.54 down to £1.06 to bring my average down. At its lowest, I was nursing losses of over £300k and just hoping it didn’t go bust. My losses at the moment are around £70k and £2 would give me a profit of around £76k. Then it’s out of shares for me in to something less stressful..

Nah. Not a poor trader. Made over £1.4m after tax since the banking crisis mainly through RBS but some of the trades were Barclays. The bungalow I bought with some of the proceeds in 2015 has increased in value by more than £200k since then so very relaxed with my position. If I lost the lot I wouldn’t course go ouch but would not need to return to work. I can sit and wait for 4 years so hopefully in that time I will be back to break even. If not I will sell some as and when needed.

Good to see this share making a bit of a recovery. I have recovered losses of over £100k since it hit the early 90's pence. Now only sitting on a loss of just under £200k!! I need it to get to around £1.80 to break even. Fortunately have sufficient living funds for the next 4 years to avoid having to sell. I will just sit tight, hope it doesn't go bust and be patient. I have been here before but not quite at these levels

Ha ha Not thought of that 1 for 10 consolidation ...again. Then they can throw us a 2p dividend next January and we should be grateful.

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

They can cancel the dividend because it is only proposed at the moment. The Bank Of England will provide all the necessary liquidity to the Banks.. Cancelling the dividend would have very little effect on liquidity improvement.

This is a fantastic share to make/lose money because it is highly volatile. Anyone in for the long term unfortunately will have a long wait for recover and,..... the threat of a Labour Government. I last sold out at £2.61 a few weeks ago and my profits over the last 6m have been around £124k. My strategy is, don't listen to the Mrs because she normally wants to stay in for too long in a rising market, buy big amounts, keep my bottle in the bad times, never sell at a loss and don't be too greedy. Back in at £2.20 this morning and now its just a case of be patient and wait. Exit price of £2.40 should not be too ambitious, leaving me with a nice tidy profit. History says it should be back there in the next few weeks but if not patience is a virtue. Good luck to all.

I think Dinoken is making his point with a touch of sarcasm onelongrunner