Member Info for LennyMac

Are you kidding? This bank has been crucifying iits shareholders since it crashed in Oct 2008.

I guess there's the adage 'buy on rumour, sell on fact'. Maybe the sp has risen on the expectation of a FTSE 100 move and now it is reality, profit taking is occurring. However, I think we ought to get some improvement as tracker funds start buying up parcels, and maybe they won't start doing that till Fri afternoon (because of the inevitable Friday deflation effect), or Monday.

Nope. Not by a long, long way.

Hi Zebbo, I read the article as as you imply, it sets a reassuring tone. However, the article is dated 06 Mar which, at the current pace of events, is a long time ago. Secondly, the statement about the historical number of successful claims may be rendered moot or outdated once we see just how many claims there may be. The article makes a point about the exception if the authorities close businesses and on 06 Mar that condition may have seemed remote. Additionally, there will be a political weight attached to public opinion if there are a mass of claim rejections, and LGEN will be cautious about its decisions in light of it.

Perhaps the market is waiting for the govt announcement that compels businesses to close, triggering lots of insurance claims. The vector of the sp over the last couple of days may imply that the market thinks this announcement is getting closer.

Only a forecast. Let's see the underlying data.

I don't think seasoned smokers, by and large, will change their pattern of behaviour, especially if self- isolation is the norm, even given the steep price. I would also imagine that BATS operates in many markets without the same regulation and taxation. I am not sure either of your suggestions are valid. Someone on here will be able to give us a quick breakdown of the main geographies from which BATS derives its profits.

I guess if you are buying now, the yield is pretty good. My current av is 276p or about 1%. In my opinion though, there is no good case for buy. This share is a dog and the potential for anything that offers hope of a rise is at best vague or problematic.

I've been in RBS since 2008. Unfortunately, whenever there is a scam, scandal or some kind of market fiddle, RBS is inevitably involved. Maybe look at it as a buying opportunity when the news breaks.

I think it's just a political response to the recent deaths attributed to vaping. A 'being seen to be doing something' action. Plus, individual states might have the prerogative on that kind of thing. A federal ban might not even make it to a bill.

Is there a record date for this offer? What would stop me buying today and then cashing in?

Pearls, don't pay any attention to the prices on here until at least 08.15. They are all over the place till then. 08.04 is too early.

Uncrossing trade. An administrative transaction that means nothing to us as investors. Disregard anything with UT in the line

Relax ladies.
I've held these since 2008, buying in at 525p. The one defining characteristic of the sp over that time is its inscrutability after results. This is a 60- odd percent state- owned bank and as Crystal Balls points out, there are lots of other factors in play. Additionally, the whole market seems draped in red this morning.

If anything, the likelihood of going bust is lower than that of being taken over. That Conn is gone is a good start.

Surely everyone on here isn't hanging on for some unexpected appreciation of sterling that would alter the maths of the transaction?

Hi all, can someone clarify a point for me please:
At some point in q4, the takeover will complete and my holding will be converted to cash at the rate of approximately $7 USD per share?

Thanks in advance.

I think the fall is actually market regret about McEwen's resignation, despite what 5 Oclock and Harpo have said below. McEwen's tenure has had a beneficial efect on the SP and a simple 'price then... price now' extrapolation is unhelpful. We need to think about the vector of the sp over the last five years as a J, not a straight line. McEwen took over when RBS was heavily burdened by regulatory crises. He has taken the bank all the way through that process and the constraint of penalties has finally been minimised. You can see that the market has endorsed his stewardship because the vector of the sp has been upwards since the middle of 2016. To boot, dividends have been paid and the bank is now reporting continual profits. The fall in sp will be temporary because there is nothing in the current figures that supports a sustained decline.

I have been invested here since 2013 at about 337p. Even with the share buy back at that time, this sp has done nothing but decline. Dividends over the period have meant little in relation to the capital loss. That Conn has earned a bonus suggests that his role has been to encourage this decline. But I can't fathom why a stark and consistent fall is helpful to anyone (except the people who endorsed the bonus).

Feel your pain. I've held Centrica since 2013, and it started to tank almost immediately. My av was 337p. It's a bit lower now because of cumulative divs but the fall in sp has always outweighed any gains made from divs.