Member Info for jimjam

hasiba "no negatives are left for the sp to go down" Do hope so, of course it might race to 210 which will prove you right however I'm not sure that is what you are looking for.GLA

Matt you don't need recession for there to be bad debts, you have only to note Thomas Cook. The banks have always had periods when they make large provisions for bad debts, but they were softened for them because interest rates gave good margins which is not the case today.
As an aside Metro would do well to grab accounts where large balances are held in current accounts, i.e. the oldies, because the money is 'free' and then allow the bank to lend the money out.

Timescale, there is no reason to believe 2/3 years. I want to see 500 but as people have pointed out there may be a call for more money watering down the sp. Whilst it is not a mature bank, obvious, but just consider what happened with Lloyds, RBS etc - recoveries took more like 10 years. Long term means that, 2/3 years used to be viewed as short/medium term and 5 years plus long term. I'm a long term believer, and short term dreamer.

Expect you answered this yourself - the demerger will complete and MG will be trading from 8am on 21 Oct thats from this website. GLA

Yes it helps to remind yourself why you bought. Looking on here too much can add to concerns if you lose your sense of humour. I have looked at the charts available and can see an upside IMO and personally believe it will get back to 300 and beyond but know that no one can promise WHEN.

Thanks to all who have replied. Lets hope we see 500 on Monday and a rise from there for the rest of the year so they are stuffed(technical term). GLA

you can buy RBS now.

Only joking. GL

someone out there is glad to have bought back in? are you in over the weekend?

Thanks Malu.

I see short positions as 10.15%. So lets assume MTRO jumps to 240 Monday morning and stays there say for 4 weeks, does that mean shorters are forced to lose money. How long does each short position hold. are they able to ride out the rise. How long do they have to make a decision. I have tried to do my homework but someone should be able to clarify, please.

Just seen for 18/10/19 so my 300 must be in with a good chance. Got to be in to benefit.

I'm all in. I will be out monday morning so will get a nice/nasty surprise.

Dinoken the sp is wrong if you look into the way the bank has turned itself around all be it like a super tanker. An sp of 300 is sensible and rbs are long overdue for a re-rating. Yes the bank has reduced in size over the last 10 years but is now an income generator. In the next 6 months we will see 300, mark my words, we may even see 418

Really expected a rise to 1600 this week, if not then we could see a crazy day on Monday. Any thoughts?

Dinoken I do not see it dropping to 150 again. Of course I do see your point. People should understand that the current price is really only 23p which just shows it has a long way to go. I have held natwest shares since the 1980's through good times and bad. Back at the start of this century they were giving me a net income of £8000. To protect the £ I see interest rates rising to 3/4/5% in the next 24 months which will change perception of bank shares.

Start believing this is correcting and will rise above 300. Barclays have been found out and it is the moment investors buy/switch to RBS.
I believe Boris will get his deal through by a whisker. The market will go crazy Monday morning. DYOR GLA

at last i believe the markets see it as a sound business, leaving barclays in its wake

not giving advice here but for me its not going to hit £1. Of course it could as could any share. If you sell your holding in the morning at say £2 you have lost £35000. Lets say instead you sell one half so you have lost £17500. Now if the results are good on the 23rd it could jump to what .... You can sell your other half and won't be making another loss of £17500. Yes it could drop whilst you still have half your holding but its only a paper loss until you sell. So you might stay with it. You could decide to buy back in and then your average is down and it looks a little less scary. DYOR and do have a plan.

They tried to compete on price alone and sacrificed quality. Some years ago when it was the norm for a man to wear a suit you could get a good deal here. But then the quality was reduced. The same happened across the whole of their stores both men/women. The one area where they continued to offer a good product was their food. It started going wrong in the 1980's so to turn it around is a tall order. John Lewis are getting in a similar mess now. Only yesterday I went to buy a laptop they had on display to find it was not in stock. A month before same experience with a mobile. Business needs to up their game. GLA

It does not have to be all or nothing, maybe sell half. If then the sp drops further you have an option to buy back in lowering your average. If it rises then you benefit from the rise and the half still held can be sold. A sort of win win. GL