Member Info for MikeS02

Janus1 - Probably just something you've missed in all the detail about energy. So as consumers, we've had a 'cap' in place for many years and Ofgem oversee this etc. Businesses do NOT have any cap and as such, prices are simply driven by the market - from what I understand, just like some consumers, many businesses agree fixed deals with their energy companies, but many of these are coming to an end and hence why you'll see a whole range of scary increases - so hope this helps - pretty confident though, it's not scaremongering and Truss will undoubtedly have to step in to support both groups - us consumers and businesses alike

Hello WM2020 - Yes, sorry, just coming on to correct the fine number at £600k!! Guess with ALL of the fines in recent years, simply assumed it into the Millions when I first saw the number - thankfully MUCH better

Hi Cllwyd, Many thanks for sharing - wonder if the £600 Million fine just announced yesterday for mis-selling business accounts may have something to do with the sp weakness over the last two days, although of course I understand the bigger macro picture too. What will be interesting is whether NWG has in effect already accommodated the £600 Million in that they say that it was them who spotted the error and notified the authorities and took action accordingly, or whether this will appear in our Q3 results, which if so, will undoubtedly be a significant downer

So we've gotten through the first day of consolidation, with barely a move in the sp - what I DO know, is that my share holding has declined c7% and as per the consolidation and of course that's also reflected in my overall share holding value - so I know we ALL know that that was going to be the outcome, but have to say that to see it in so called 'black and white' has certainly put me on a bit of a downer. I understand too that I can re-invest my divi payment to rebalance, but having gone through today; seen the impact etc it just makes me feel that the ONLY winner in this is NWG itself and as such, we've all been taken for a bit of a mug! This is simply me sharing and I understand that many will disagree with my sentiment, but it's how I feel and just wanted to share to get it off my chest!!

Hi Ripley, Hope you're very well - so all you need to do, is add all of the shares together that you've bought and simply multiply the total by 13 and then divide that total by 14 and this will give you your new shares total following consolidation. From the prospectus it also looks like we'll be receiving new share certificates showing us our new values from the 14th September, so watch out for these too. Hope this helps

So it's a 'done deal' as everyone expected, but just in case you don't know, the ONE really good piece of news out of this consolidation is come next Tuesday, there will be 9.81B shares in circulation - to put into context - we had c12B just two short years ago - now there aren't any other UK based banks that can show such a significant reduction in shares in such a short period of time and this will only go to play to our advantage going forwards with regards divi payments and the ability to significantly increase such payments etc - in fact it's highly likely that by the end of 2023, shares in circulation will likely fall below the 9B mark, so guess the key message is 'hang on in there' - there's more wonga on the way!!

TT - I actually believe that you'll miss the boat with this one and that actually the price will appreciate pretty substantially into next week - believe the board will clarify everything this pm and during the meeting, so there should be no confusion hopefully and they MAY actually slightly tweak the terms based on the SP since the half year announcement and may offer a 15:14 share consolidation - let's hop eh. Anyway good luck whatever and simply hope and actually believe for all us stock holders that it's the start of another leg up

88 - Yes it is, consolidation takes place just before the markets open at 8am next Tuesday as far as I understand and as shown in the NWG consolidation notes

Hi all,

Just a quick message to share that our value as a bank has exceeded Barclays for the first time in many a year and as such, thought I'd share to celebrate - our value is £27.2B and Barclays is £26.7B! As we all know, an important few days coming up, but have to think that we could increase this gap even further still - also closing in on Lloyds, although they're at £30.7B, so a little way to go to catch that one

Hi MasterShake,
In terms of your Q's, I'd answer as follows:
1. To me, Yes it is, although NatWest are 'positioning' it as a means of maintaining the % split between us private share holders and the government share - to me, I'm not that bothered if the government share went up a little in order to give us a special divi with no conditions attached, but that's just me
2. No, not guaranteed, as one of the points NatWest points out with the consolidation, is that the share price will remain 'static' based on the price going into the consolidation, ie the price a week on Friday, 26th August, as the consolidation occurs before opening the stock market on Tuesday, 30th August and after the bank holiday - that said and taking my steer from previous posts on this forum, there does seem to be some pent up demand that when consoilidation happens, many appear to want to get back into the market early on to 'buy back' their lost shares, so you have to assume that the 30th will probably be a good day and possible the day after too - unless of course something 'macro' is happening in the market that day
3. Applies to the shares owned before consolidation
My last point is you can actually vote FOR the special divi and AGAINST the share consolidation, as I've done and I know some others on the forum have done too - that's simply about what's right for me - that said, you have to think that NatWest board sought lots of input from their main shareholders before going down this route, so whilst I and some others may be seeking a different route for the special divi, you have to think that the consolidation is a done deal
Really hope that this helps alongside the other posts

Hi Jimjam, Many thanks for the feedback and thought I'd re-check my data on HL site - so Lloyds 52 week high is 55.96p and Barclays £219.60, which were the figures I'd used below - think what the difference is, is that you're looking at YTD, whilst I'm quoting the rolling 52 week figures as I believe them to be a better reflection, ie over a longer timeframe - hope that helps

Hi all,

Just to keep everyone in the loop - so as mentioned by lucky, we have indeed hit a new 52 week high as of today - previous high was £258.10 - so will be interesting to see how this holds - often a new high is also a form of resistance to the share price and unless it both holds the new high and indeed puts a little more on, the likelihood is, is that it falls back and below the previous high - so here's hoping it has further legs to climb in the coming days and weeks. Just for comparison, Lloyds is -18% currently vs their 52 week high and Barclays is -21%, so against these two, we're certainly doing well - hope it helps

Just a quick correction when people say there is nothing we can do about the consolidation - in terms of the vote, you can simply vote for the special dividend and then vote against the consolidation - I've done exactly that and whilst I have no doubts whatsoever that the consolidation will indeed happen, at least I've voted in line with my thinking and beliefs and again, just to clarify

Tarzansbrother - spot on - in fact after the consolidation and just for ref, the shares in circulation will decrease from the current c10.4 Billion to c9.65 Billion and clearly great news going forwards for future divi payments etc. Indeed with future buy backs direct from the government in the next two years pretty much nailed on and ahead of the next GE, we could be in a position into early 2024, where there's c8 Billion shares in circulation and how good would that be!!

Hi Mike, Many thanks for the update and makes total sense. Have to admit to feeling a 'little' stitched up with this one and not really convinced by the rationale quoted by the bank for doing it this way - but hey, in the scheme of things it 'is what it is'! And whilst I and many others could register a no vote, you have to think that the group took soundings from its major investors before this route and as such, it feels like a done deal

Hi Fender5 - Great to have you on board and think you've made a very wise decision - of course only time will tell, but we're certainly the best UK bank without a doubt - great capital buffers; best in class divi's with more to come and a leader in Alison Rose who has certainly grown in her role and is taking us along a great path

Also congrats Spikeyj and believe you've certainly joined the 'one forum' for banks that actually gets really good commentary, whilst challenging too and I so agree with lucky with regards the Lloyds forum - my goodness, stay clear for your sanity!! So next Tuesday will be important with regards the release of the special divi prospectus - simply hope that it covers the relevant ground really well and comprehensively and real clarity as to why they want to go the share consolidation route rather than a simple pay out. Again though and looking through all of the UK based banks results as I know many of us do - NWG is way out in front and with the best levels of capital buffer and even more to come in the next year to two, with the disposable of interests in Ireland; the best share reduction programme which in the last two years alone have saw a reduction of c12 Billion shares to c10.4 Billion now and meaning over time continuing fewer shares in circulation and meaning bigger payouts per share too

Jamtart - I wouldn't rush as there may be alternative options in the prospectus which is published on the 9th August and you may be able to refuse the special divi and retain your holding - just a thought - if you do decide to bail though, very best of wishes

Hi all, Many thanks for updates and like all of us, think I'm starting to understand more of what's likely to happen. My understanding is that they're using this route as a means of ensuring that the 48/52% government/private ownership is maintained, but like many, if I'm basically 'paying' for this with reduced ownership, then I'll have to think long and hard if this is the route I'd want to take - I'm simply HOPING, that the prospectus will provide a number of options, including simply paying out in the standard way etc - let's see eh

Hi jimjam - Totally agree - I'm actually hoping that as part fo the prospectus, that one option is to simply pay out a special divi and be done with it in terms of reflecting in the sp on payment day - of course, we may not have options and may only be able to vote on a single option, but hope not - as shared on another link, will need to see the detail and then vote accordingly, Many thanks