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Didn't expect this to rise to a £1 this fast this time last year...glad I didn't sell out last year when I sold a lot of my other loss making ones....but gutted I didn't invest more when this was in the 20's...keep on rising...
Although I hold shares I'm only kindov into buy holding when it rises and then sell, I wanted to ask at what time does the company start to pay divided, when the share price is good, when the company start to makes a healthy profit, can it still pay dividend whilst in loss. Any guesses when PFD or if PFD will pay anything soon.
Separately how high does the share price go to drop back into FTSE 250....
Any help to understand would be appreciated.
Although I dont post much I do like to see the state of the share price as ex employee and hold quite a bit of shares. When RBS Group is taking about name change its referring to its Parent name been changed from RBS Group to NatWest Group. The branches will still trade the same RBS, NatWest, Ulster etc. What will change is RBS back office employees having @natwest.com emails an not rbs.co.uk whether they serve natwest or rbs customers.
There was talk about consolidating and bringing two branches (1 rbs, 1 nwb) that were close under the same roof, but this doesn’t work when you have to balance multiple accounts and from competition point of view it reduces competition. I've posted something similar a few years back, but when RBS took over NatWest in 2000, NatWest was 7 times larger then RBS and its Mortgage book was 3 times larger. Although NatWest wasn't structured correctly and different departments didn’t talk to each other, it was a massive bank with a massive customer base. What drives profits its loans. up to 2/3 of these were organic customers who wanted mortgages coming through retail, whilst 1/3 was from something called introducers. NatWest had 1000’s of intermediary staff based in Priory, Cannon and Maple house whose sole job was to bring in customers.
RBS tried to increase its mortgage book in 2009-10 asking NatWest mortgage introducers or Intermediary partners to push more volume through RBS rather than the NatWest brand. They ended up with losing customers. In the end they gave up and starting pushing more through NatWest.
Resurrecting the NatWest Group name as the Parent company which already has a massive customer base will see people dealing with what they think is a trusted trusted brand although internally everything is the same.
NatWest Mortgage Centre in Birmingham City Centre may end up closing its doors after the final bits or work move to India and Greenock Mortgage Centre in Scotland. Understand that redundancies are been offered again to the NatWest Mortgage staff. What was never on the cards to be moved to India due to the complexity of the work is now been shifted to cut costs and fast. NatWest Mortgage Centre employed once about 400-500 people, not only a handful remain. Whilst there may be saving in the long run, quality of customer service may reduce.
...your not the only one Slinger1 who invested loads through salary schemes hoping for a secure retirement. Myself and loads of others were all lead to believe this is the perfect opportunity to save and benefit long term. After the financial dump everything went pair shaped. There are hundreds if not thousands in the same boat. At director level they come and go after milking the system and doing their bit. The little ones like us hope for the best. Again myself still holding onto bits of paper. But the years come and the years go and kindov sit where I was years ago. From the way the restructuring has happened and loads of work been off loaded to India comes redundancies in the interim with redundancy pay but long term hope they start to make a profit.
Been an ex member of staff who had started to work closely with W&G hot shots, there will be a W&G stand alone system that will not be linked to the current RBS/NatWest platform. The current setup the group has brands like RBS, NatWest, Ulster, First Active and DirecLine are all separate at customer facing level but linked in the background replying on each other. W&G will be different; it will have its own servers, systems, staff who manage W&G will all be separated from RBS Group staff and branded as W&G staff. The idea behind this is that if a buyer comes along you simply sell a product there and then that is not linked in any way to the RBS/NatWest brand. But as the last user has mentioned billions have been spent on creating a brand that once sold could be scraped once merged into another brand. NatWest when purchased in the early 2000 by RBS had a modern mortgage and back office system. NatWest was one of the first to introduce a payment system i.e. Bank Line, a high value and volume payment system. RBS took over and stripped the system bare spending millions to integrate the group onto one platform. Take the mortgage platform. You currently have 4 NatWest Mortgage Platforms, and 3 RBS Mortgage platforms. What could have been 1 easy move for RBS to move onto a existing modern NatWest platform was disregarded and NatWest had to scrap a modern working mortgage platform to go 2 steps backwards towards a paper based mortgage platform which the FSA ruled inadequate. A 3rd party software was purchased of the shelf which had primary use to ne only used for building society accounts was converted into a mortgage platform. It became so bad that RBS bought out the software company. Many years later NatWest and RBS moved a step forward to having an automated system which isn’t as enhanced as what NatWest once had. A lot of money has gone into W&G, the returns can only be made if customer stay loyal to W&G. Once W&G becomes standalone they need to have brand confidence if customers start jumping ship it’s going to be downhill. An example of this is when RBS tried to rebrand the NatWest Intermediary staff as RBS Group and tried to push mortgages through RBS core brand that were once pushed through NatWest. For every 1 mortgage sold for RBS, NatWest brand walked away with 3 customers. RBS tried to even this but it didn’t work and had to drop this tacktick. NatWest has a better brand confidence then RBS. W&G needs to be sold as a better brand but again this comes at a cost.