Member Info for LennyMac

Or maybe it was 52p... I can't remember. All these years of pain have addled my memory. I thing we are going upwards from here though.

I bought in at 525p in Oct 2008, and RBS tanked immediately after. Held ever since.

Didhereally has casually omitted the 1 for 10 consolidation that occurred in 2010 or so technically ists about a 2.5X on his investment, but I think 10.8p was pretty close to the lowest that RBS got, and it was probably 2008 or early 2009 that it got that low.

Heh heh. Well said.

I am going to get a t-shirt printed with 'Grow up you naive morons!! '

Nice to see you back here. Haven't heard from Jings or Mailman for a while but Halfmist has been on today. Hope your investments are fruitful.

Welcome to RBS.

However, I think the trajectory for this share is positive. Improving results, dividend payments, and I think that the government is carefully priming media commentary for another sell- off (although I note that some of the big institutions will be cautious, having been stung at 271p at the last one).

I see Neil Mitchell has resorted to erecting a billboard near Croydon to highlight RBS' nefarious ways. Where are you Tilting? Your take on the state of all things Neil Mitchell is eagerly awaited.

Thanks for your thoughtful post.

You might be right about Brexit concern being a factor depressing the sp but I note the correlation between the RBS sp and the FTSE generally since the end of September. I suspect that the range of geopolitical factors that has pushed the index downwards since then has had the most significant effect on the RBS sp, rather than anything inherently specific to RBS itself. Additionally, you can see similar trajectories in sector peers LLOY and BARC and more broadly, FTSE companies like TSCO, LGEN or VOD all exhibit a similar pattern from on or around 24 Sep.

I discount your point about challengers although I agree about the increasing significance of small fintec operators. UK banking customers are for the most part, resistant to switching, probably because the products offered by banks differ only marginally, and I don’t rate the threat as highly as you have.

It is my view that once markets across the globe regain their confidence we will see a commensurate rise in the RBS sp. With regard to Brexit, I think we’ll see the opposite of what appears to be intuitive; come 29 Mar, if the UK successfully leaves the EU with or without a deal, much of the uncertainty about the economy will be removed. The uncertainty factor (so far as the stock market is concerned) is not related to the direct impacts on the economy per se, but about businesses not knowing what their investment decisions ought to be, and after 29 Mar, things will be much clearer and the FTSE will experience a positive jolt as the market decides on the companies and sectors in which it will invest its massive stockpiles of cash. The irony of my view is that an extension of the article 50 period or any delay in leaving will increase the uncertainty and depress the FTSE.

I-1986: do you have any substance to your assertion or is it just a hunch? This board gets lots of posters who make this kind of statement and to be honest, given the historically mercurial nature of the share price and the difficulty in uderstanding the reasons for its perennial fluctuations, your assertion is lazy and practically useless.

For a long time the sp has tended to oscilate over a particular price range. In 2013-14, the range was 320- 370; lately it's probably 240- 255. I think that results for the next few quarters are likely to be more consistent and encouraging than they have been for a long time and there will be improvements in the dividend, both of which will provide impetus to the sp. What will prompt your 'dive'?

Additionally, I think we'll see at least one more rate rise before Mar 2019, which will add support to the SP. Despite concerns about the impact of Brexit, the figures proffered for nominal wages growth and unemployment are positive, which improves the argument for another rate rise. Additionally, the BoE has to start considering the 'normalisation' of interest rates; it needs to raise the rate to a level that gives it some flexibility to deal with a sudden shock (like Brexit). I think the rate rises we've seen in the US are signifiers of this concern rather than any attempt to dampen a runaway economy.

Worldgoround:

Yeah, because schools seeking to supplement their diminishing levels of funding from government is despicable.

Bulent, did you get the 'big day' you hoped for?

I think I'm with Stagecoach here. I think there are lots of barriers to the sheer chutzpah of considering a special dividend. This bank hardly qualifies as a national treasure, and given that the vector of media narrative about the bailout tends to be resigned acceptance that the £45bn will not be recouped by the tax payer, I can't see how the idea of a (big) special payout to investors will fly in the media. Granted, there are lots of small investors including RBS employees who have had their holdings smashed by the event s of the last decade but even that group is not substantial enough to justify what will be perceived as yet another filip to the wealthy, and another kick in the face of the general populace, who see themselves as having footed the bill for the 'crimes' of bankers.

In a cartel-ised market where it is characteristic for large numbers of customers to stick with their choice of provider for extended periods regardless of paltry interest rates, and the growing importance of online banking, does a customer satisfaction survey really affect the sp?

The sp isn't really falling, just hovering within a range, which has been characteristic of this share for a while. Given the general improvement of fundamentals over the last few quarters, the vector of the sp should be positive over time.

It is precisely your fault if people can't understand you. Your posts aren't filled with densely technical information, just statements that read like you've composed them on a motorbike whilst travelling on the M25. Do us all a favour and pay greater heed to your syntax. You appear to have some kind of insight but honestly, what's the point of posting a whole load of quasi- jibberish on multiple boards if everyone on those boards complains about it?

Wait till about 08:15

First time in a very long time that anyone has come onto this board complaining that the sp wasn't low enough!!

Ironically, 'in the future' is now in the past. We are all 'going forward' now.

The Pyrrhic Cup?

525p for me. I've been in this for almost 10 years.