Member Info for nocashqxl

Most likely the money has already been put aside, plus it was always likely that their be a rush of last minutes applications. With just 3 week before the close , most will feel this is almost over and there might be money coming back to share holders as most bank will have put more aside than needed just in case. So maybe another special dividend might be just round the corner. fingers crossed.

I agree, I feel RBS is well undervalued long term. once the uncertainty of Brexit is out the way and RBS have posted a few more improving profit with the dividend's to go with it. The share price will start to climb and climb quickly. I have also been slowly add extra share, and plan to re-invest the dividend payments to add even more and build up that bit faster.

jimjam, Am sure you might feel you do not need to go to the branch, because everything can be done for you Electronically. But what happens if the system goes' down, which it has happen a few times and you need a bill paid urgently. There also the tens of thousands of shops and small business like garage's or fast food outlet that deal with a lot of cash and the taxi and delivery drivers again mainly cash. They need somewhere close by normally with parking (who want to walk around with a big wade of cash) to deposit. There also those who do not fully trust online banking and the app's on phone. When am looking for a new bank, I look at how ease it's to get to the opening hours and offers. Take away the branch network and you lose customers.

I think you are missing the point. What most people are hearing and seeing are banks closing branches all over the place. Yes THERE ARE LOTS of partnerships, but people need branches and opening time to suit them if you want to keep customer's and get new ones. RBS need to be seen where people are now, not 50/60 years ago. Barclays have moved a lot of there branches to shopping arcades, which are newer and most likely cost a lot less to run. As for customer service, make it easier to find local branch phone number, so people know who they are talking too.

I think you are right about banks needing to wake up and change there branch networks. what most want is maybe smaller branch in new shopping areas, as a lot of shopping area's have moved. Also the need to park near a branch. The old big branches must cost a fortune to run and maintain. You still need some big branches mainly in the big towns and city's, but it's also about opening times. People are traveling more to jobs starting earlier or later. Gone are the 1 hour lunch breaks. banks need to have one or two days a week where they open early and again 1 or 2 later, so people can get to branches as with a Saturday maybe be 3pm closing as to 12. Different thinks might help the whole banking sector. RBS need to get ahead of the game here, instead of just hearing about branch closing why not move them to where people shop or work now and move to cheaper places to run. boosting profile and saving money at the same time.

well now that RBS are now well and truly back in profit and paying a decent dividend (25p for this year) would have thought investor would be piling in, as specially at these prices . Yes Brexit is a big part of what is going on at the moment, but as a bank RBS and most if not British bank and building society are safe. None are likely to go bust there for putting pressure on the system. The upside on the share price and future dividends has to be in investor favour.

Given RBS is now back in profit and paying decent dividends again. It seem strange the share price is so low. Just wish I had more spare cash to pile in.

Maybe if Germany is heading for a recession than it more likely want to do a deal over Brexit, as it would hurt even more if one of it's biggest export markets starts to add tariffs to the price of car's and parts. Also if MP's got behind Boris instead of mudding the waters. A deal would be more likely.

As for SP £2.02 today if after the 16th or just after that its above £1.88 then we be in profit. Looking some of the post some are waiting till after the 16th to buy after the expected fall, so there might be a bit of a bounce and a chance to some profits.

Yes I will be going. It's not that far from where I live. Will be interesting to find out where they see things going and to explain about the problems in getting the accounts signed off. Would have thought the auditors would be finished by now. Clearly it been a big job dealing with legacy issue's and most likely the different customers. With the company being in a close position they cannot talk about what's going till they announce it to the stock market, which is very so annoying, but we might get some more information about the bank support and the position in regards to the different company's that might have been over charged in the past and how they are dealing with that,. Should be interesting.

ok thanks.

Well bit surprise the results have been delayed for so long and with the AGM not that far away, bit concerned this could be heading for another share suspension. Am I right in thinking if they are not produce before the end of January as like last year the share are suspended. Although I still think the company will be ok, the fact who ever is doing the auditing needs to pull there finger out.
As regards to the AGM, do you need a invite or can you just turn up. I trade though iii investment, which maybe why I've not received a letter.

I suppose if UTW cannot talk about the results till until the stock markets has been informed, and if they are not been released by AGM on the 31st. By holding the AGM when expected it a way of informing share holder and the stock market what going on with given to many details away, and try to reassure everybody things are ok. Although rights issue would not be reassuring, as it would indicate they need more cash. But at the right price might be tempted. Done quite nicely with the one I brought for 5p.<br /> Mostly likely be there few beers after why not.

Was the AGM not already dated for the 31st. Thought I seen it on the financial calendar in early December. Still time for the results to announced before then. But if not then suspension would be on the cards. From what I heard the accounts have been done but not signed off by the new auditors. Did the letter say not included, discussion about accounts and the auditing. Because most investor would want to know and be expected to talk about the accounts and if this is likely to happen again. Where is it been held and what time.

before you point out the error. I meant it's a movement in the right direction.

Handofjohnson
Do you own any shares in UTW, if not why are you on this site. Is it just to pick fault with people who own or are interested in UTW. The share price has gone from 5p which it was for about a week to nearly 9p and closed 8.2p that up over 65% in a week not bad at all. Yes it has come from a very low point , but it a moment in the right direction with most of the buys, it seems from small traders with a few big trades in the mix. This share price could easily go past 10p next week with out any news. As for " See what you want to see" I see a new team in charge of a company with deals worth around the £50-65 bln a year, having to dealing with past issues from the likes of Thompson. A company who don't have massive overheads and have cut cost even more and where making a profit and also in the past paying dividends. I see a chance to get in early at a very low price and hopefully make a massive profit.
What do you see in UTW going forward, for you to spend time on this site.

At the current price of 7p which only value the company at about £5m at that price a bid could well come in for them. Although 20p would be nice jump from 7p, like you say that would most likely still be undervaluing the company, and the share price would most likely get to that price in a very short time on it's own once results are out. Just wondering what's value people are putting on this company. If you where to disregard passed deals and problems that might arise from them and instead looking forward on new deals. Given that they are doing about £50 to 65m worth of deal's each year, and hopefully still paying dividends. Would 50p to £1 be nearer the mark. Or back over £2. Just wondering what you thought on this are. Nice to see the share price going the right way.

At the currant market value it easy to see why it open to be brought out. the order books gives it more value than it's market value. So if a offer was to come in it be a lot higher than 5p. My friend has no worries, he in the middle of buying a £200k plus house. The new team are buying themselves time to sort this out. Making sure there no more skeletons to catch them out.

Maybe UTW should be pursuing him for the bonuses he received. If he knew this was likely to happen, then the bonuses HE AND THE BOARD AWARDED them self where wrong. The regulators and police could be looking into this. To set up another company to pursued deals your company has done, mean you know the deals where wrong. Is that not intent.

HI FLUMMOXED2000, Thank you for your post. Like you say this has been a ticking time bomb, but the new team are trying to deal with this despite Thompson effort to de-rail them. Setting up a company to sue his former company past deals, which he had a big hand in how it was run seem wrong. Which given the complex issue of dealing with all past contracts and legal issue would be a massive task. But it looks like the new teams are dealing with this, cutting cost and dealing with the suppliers and banks. Trying to avoid any costly lawsuit in the future. It's in no one interest to see the company go bust, so I believe they are all working though this together to make sure UTW survive. The big issue is cash flow and how much of a hit on profit going forward in the short to medium term. As long as the banks and suppliers give them space and time to work though this the company will be fine, and 5p will seem like a bargain.

Hi Kevinmac, For myself I have brought a lot of share in this company. The last lot at 5p brought just over £15k worth earlier this week, before that at 5.5p and 8p and the first lot at 18p. Now hold just 490,000 share average just over 8p. From what my friend saying about the company over the last year or so and how well he doing, I feel this is only a hic-up in the share price. I feel most of this problem in share price is Thompson dumping his share to for what ever reason, and the way things have been done in the past. I also think the share price could jump to 10p and onto 15-20p once result are announce and it clear the company is not going bust. So yes I would buy and have done so. Hope that helps.