Hello all25 Jul 2017 11:53
First time poster here - been a regular reader of this site for many years and used to work for RBS before taking VR earlier this year after 35 years. Always enjoy reading the posts - many are very informative whilst some are just wind up merchants.
Like many I lost a pretty packet in the crash of 2008 although managed to average down to about £3.90 buying low and mostly holding. Since leaving RBS I've stuck to short term trades buying low and selling high (I wish! - never managed to achieve that but nevertheless not doing too badly). Problem is there has not been much movement over the last few weeks so limited opportunities of late. I try to follow the wise words of Mailman - not to be too greedy, be patient and when you see a reasonable profit - bank it! (Whatever happened to Mailman?)
Finally for now re doubling in the next few years ...... Lennymac (another wise head!) I agree with Ezikiel. Within the next 12 months I would expect the RMBS fine to be sorted with the US - although not fully provided for, I do believe this has been mostly factored into the share price. We should also see the deal re W&G being agreed. Following this, the Government could begin to sell their stake, dividends could be payable, making this share attractive to pension funds and income seeking investors.
Appreciate there's a few "coulds" above - I've been around long enough to see many false dawns but I remain a glass half full type of guy and am optimistic for the future of this share. Good luck all.