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LennyMac I agree with most of your last post. Banks like other stocks usually tend to track the FTSE however RBS have been the exception to this rule over the last 12 months, losing almost 50% of its value at its low point. The City I believe have grossly over sold this share, and are now having to evaluate the share which will mean it should outperform both the FTSE and the rest of the UK Banking Sector in the short term until it reaches a fair value on current and future earnings growth prospects.

Just clicked onto the link although i am very sceptical of analyst ratings it is very positive news. To early yet to make any assumption on the 275P price target. It will interesting to see over the few trading sessions what share price level the City are prepared to take it to. Once again positive news for long suffering investors the share price is moving in the right direction for once.

I cannot remember the last time RBS has had so many consecutive daily gains in the share price that we have seen recently. May be a temporary spike may be not. With questionable future earnings growth and share price valuations of the UK Banking Sector now firmly under the City spotlight. The City may at last becoming to the conclusion that RBS, despite all the litigation issues and controversy surrounding it, underneath all these issues there is a very highly profitable Bank, and will now start to place the RBS share price into "catch up mode" in terms of valuation and earnings potential, relative to its peers in the UK Banking Sector, from the absurd low levels we have witnessed over the past 12 months.

All the best Jings you have been a true "Stalwart" for many years on the RBS posting board. Due to market conditions and having been out of the UK for most of this year, my share dealing and postings on the LSE Website have been sharply curtailed in recent months. Good Luck Jings.

The Bank fundamentals are fine,RBS are now a rock solid Bank in terms of safety and underlying profitability. All UK Bank shares are strongly out of favour at the moment and are practically trading at share price levels not seen since the 2008 crash, due to uncertainty over the up and coming Brexit Vote and a number of other financial issues effecting the UK and world economy and are likely to remain so for the forseeable future. The RBS CEO, and the Board of Directors has and continues to make good progress in their work to rehabilitate the Bank and to restore and make good its financial position again. A few examples. 1 The final payment made to HMG, cancelling the Dividend Access Share an important milestone in the resumption of dividends payments towards the end of 2017. 2 Good albeit costly progress in restructuring its Investment Bank Operations, and running down its Bad Bank liabilities are firmly on track and a completion date could soon be announced for the final phase of this work. 3 Ulster Bank for many years the achilles heel of RBS after losing £Billions have now been making substantial profits for the last two years Investors will just have to be patient for a little longer it is the overhaul negative UK Banking sector sentiment that has sent the RBS share price tumbling over the past year not the internal workings of the Bank. When UK Banking sentiment turns positive again the share price will rise very sharply.

The problem is the oil market is currently oversupplied by around 2 million barrels of oil a day. The worlds oil storage capacity is almost at maximum capacity, there is no place left for this oil to go. The 500.000 barrels a day of extra Iranian crude is only the initial start. Both Iran and Iraq are determined to regain their historic rightful market share of the oil market lost over the last 35 years due to the sanctions imposed on them during the Iranian Revolution and the Saddam Hussein era. This year alone Iran and Iraq will add a extra combined 2 million barrels a day to an already saturated market,and in further years with the help of western oil technology could almost match the current output of Saudi Arabia. My immediate concern is for the possibility of default and impairment of loans to North Sea and North American Shale Gas Operations, to the UK Bank Sector. It will also no doubt effect the American and UK Bond markets as cash is transferred back home to Russia and the other oil producing countries to maintain their domestic and social spending programmes like you say.

Thank you Jings,had a most relaxing 2 week break in the sunny warm Caribbean, now back to the snow and freezing temperatures of Cumbria The Arab world in the Middle East is now totally split on religious grounds between Shia dominated Iran Iraq and Syria and Sunny dominated Saudi Arabia and the rest of the Sunny dominated oil producing states of the Southern Gulf. Unfortunately for West it is far cheaper to produce oil in Saudi Arabia and the rest of the Sunny States than it is in Iraq and Iran and only at a tiny fraction of the cost of producing oil in Russia USA and the North Sea. Saudi Arabia is now using this advantage as a economic weapon to punish Iran and Russia for their military support in propping up the Assad Regime in Syria and taking out American shale oil production at the same time. Although American shale oil extraction techniques have improved and costs have fallen they cannot compete against the Southern oil producing States of the Gulf. UK Banks have more than £45 Billion of leveraged loans high yield non - investment grade debt to North Sea oil and gas operations and American shale gas producers with RBS and Barclays by far the largest lenders, any Impairments or defaults to these loans could have serious implications to their balance sheets. With the lifting of UN sanctions against Iran and a immediate extra 500,000 barrels of oil a day pouring on to market we could see oil prices at less than $20 dollars a barrel very soon.

Having just arrived back in the UK after the Christmas holidays it is now beginning to look like it could be another testing year for the World Economy with financial markets now starting to worry over the state Chinese Economy and the price of oil. The Chinese Economy is basically sound after expanding at break neck speed for the last 25 years it is now finally starting to enter the phase of maturity and will continue to grow albeit at a slower pace than previous, in future years, no doubt with a little of pain being felt by commodity producers, and exporters to that country. However the same cannot be said for the price of oil, Saudi Arabia is now hell bent on making oil production economically unenviable in Russia Iran and USA and the North Sea . Both RBS and Lloyds are large traditional lenders,with huge financial exposure running into the £billions, to scores of North Sea oil and gas supply chain companies. Many of these companies are already in financial difficulties and any further deterioration in the oil price could have a profound material effect on the balance sheet of both Banks.

Thank you once again Mailman & Jings for expressing your concern, regarding the current flooding problems, the good people of Cumbria are experiencing at this present time. Hopefully in 2016 we will finally see the the pivotal turning point for RBS, in both the share price, increased profitability, and final closure, of the majority of the outstanding ligation issues. To all Board Members Wishing You a Happy Christmas and New Year. Stagecoach.

Good to see the share price over 300P again although mainly attributable to the recent gains in the FTSE100 Index we have seen over the past few days. Hopefully if this trend continues into the early part of 2016 coupled with a favorable UK Banking Sector reporting season, and positive financial results, from RBS and good news on progress on the recovery programme we should then see much of the 25% fall in the share price we have witnessed this year being quickly reversed. In the meantime RBS needs to stop dragging its feet and and work more closely,and be more cooperative with Bank Regulators in reaching an agreement on the outstanding litigation issues that need to be settled. Until this happens the City and individual investors will continue to mark down the true value of this share.

Ha Ha just looked up my records Mytravel did a Debt-for Equity swap with RBS and Barclays, leaving the shareholders with just 4% of the Company in 2004. Who would have thought just four short years later RBS would find themselves in the very same situation needing a Debt-for -Equity swap with HMG. I take it you are talking about the old Rowntrees chocolate factory at York (yet another iconic British Company sold to a foreign Buyer) in its heyday it employed thousands of people like you say,it is now just a mass of Characterless flats probably purchased for the Buy -to-Let market.

Bought RR £1.20 and EasyJet £.1.28 a couple of days after the Twin Towers attack. what a great investment that would have turned out to be been if i had kept them until the Summer months of this year. Hindsight is a wonderful thing when it comes to sharedealing. Glad i dumped Airtours they changed their name to Mytravel and went bust 12 months later. Arnside and Silverdale great places for a short morning or afternoon stroll.

Thanks Jings for your concerns unfortunatley to late for some people and businesses in Cumbria tonight, back to square one for them in the drying out process, of their homes and businesses. Would be nice to think we had some sought of method of scouping up all this water up, and selling it on to water starved Gulf States of the Middle East, we would soon pay of the National Debt in no time. Mailman The quality and pace of life was certainly better in the 60s/70s and part of the 80s for both young and older generations, all started to go wrong at the start of the Thatcher era which encouraged greed, selfishness and rampant materialism which today still leaves a legacy of divided nation.

A lot of those familiar names went into to administration shortly afterwards or were taken over, following the aftermath of the foot and mouth out break in 2001, it was a devastating and costly time for farmers, leisure companies and their shareholders, thankfully at the time i had no exposure to the leisure sector. However later that year, i did invest heavily in Rolls Royce. Airtours. and EasyJet in the following days after the devastating and horrific attack on the the World Trade Centre in New York. Nothing wrong with driving an old car i have a trusty 5 year Volvo, unlike my wife who changes her car for a new model every year . Just back from from Christmas shopping in Kendal there is an immediate threat of flooding in the town centre again. The River Kent looks like it could burst its banks anytime.

Center Parcs Leisure Group at Penrith Cumbria,do you remember when the group was owned by Scottish & Newcastle Breweries plc before the company was sold and delisted from the FTSE in 2007. That was a solid stock to have your money invested in and a good dividend payer to. Another great British Company and institution, that has been sold to a foreign buyer.

That will be the Lakeland Leisure Park you are refering to, used to be the old South Lakeland Caravan Site at Flookbourgh like everywhere else in the Lake District. large Leisure Companies and Hotel Chains are moving in and over commercialising the area at the expense of the independent local long established buisnesses. I think of these Leisure Parks as a modern day updated version of the old holiday camps, like Butlins and Pontins of the fifties and sixties that many of the older board members will probably be familiar with.

Not quite, about a 20 minute drive from Grange over Sands.

I have travelled extensively around Scotland for many years now and still do, Went on many short holiday skiing breaks to the Cairngorms during the seventies but never managed to climb or walk to the summit of Ben Macdui. I live on the Cumbrian shoreline side of Morecambe Bay it can be a wild and windswept place in winter but the panoramic views of Morecambe Bay from the front of the property and the Lakeland fells from the back of the property make it all very worth while living here.

Welcome back Mailman. Yes the UK is now a very much changed country to live in today, and totally unrecognisable today from the past, especially places like London where i spent much of my care free student years living and studying in the mid to late swinging sixties. I sometimes wonder these days when i visit the Capital i am now walking the streets of Lagos or some other foreign city, certainly not the city i remember from all those years ago. The present idea of a United Europe involving political, economic, and cultural integration have now all but extinguished, a far cry from the ideals of the 1975 Common Market Referendum, which was mainly about stronger trade links among its six member countries of the time. No mention in those days of mass immigration across all the borders of Europe or a common currency. I am very concerned today for the younger generation,who have not been afforded the opportunities in life, that our generation had, regarding career opportunities and the ability to purchase an a decent home to raise there families in. On the question of interest rates i believe these will have to eventually rise to their historical averages if the world and our own domestic economy stand any chance of reconition of normality,albeit painful for some business and mortgage payers. You mention the general outlook for the next 15 years personally these days i do not try and look that far ahead. I live in a beautiful unspoilt sparsely populated area of the UK that has been relatively untouched for the last 40 years by the modern day rigours and problems of day to day living that are afflicting many parts of the UK today, and will remain so hopefully for many years to come.

It certainly is Jings an end of an era for the British Coal Mining Industry, now following in the path of our once great Iron and Steel, Chemical and Shipbuilding Industries. I still find it inconceivable that it is cheaper to ship coal from the other side of the world from countries like Australia than it is, from a coal mine in Yorkshire like Kellingley, who have a direct rail link to the main complex of coal fired power stations in Yorkshire. With over 300 years of coal reserves left in the UK. and carbon capture technology available and 14 coal fired power stations coming online every month in India and China alone, I find it a very bizarre situation for the UK to be in. The UK government future energy policy is now clearly tilted towards Nuclear Power and Gas Fracking who both have their own very controversial issues that need to be addressed. Although planning permission has now been granted for the hugely expensive Hinkely Point project, EDF are already having second thoughts on the project on grounds of cost, and this was before the the drop in oil and gas prices which at the moment are making Nuclear Power Generation uncompetitive, and with out large subsidies from the UK taxpayer will continue to do so in future years to come. Unable to find a UK based Boat builder who can build me a new yacht to my own specifications and price i have reluctantly had to to turn to North America for one to be built. this is another example of a once proud industry of our great seafaring nation that could soon be in terminal decline.