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Nat.West 9%Pf Price - NWBD

Name Symbol Market Type
Nat.West 9%Pf LSE:NWBD London Bond
  Price Change Price Change % Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  +0.00 +0.00% 135.00 132.50 137.50 135.00 135.00 135.00 110,967 05:00:10

Nat.West 9%Pf News, Charts, Forums & Trades

Nat.West 9%Pf News

Date Time Source Title
26/3/201518:14DJFRRBS près d'annoncer la vente de Coutts International - sources
26/3/201517:32DJNRBS to Soon Announce Sale of Coutts International
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Nat.West 9%Pf Discussions and Chat

Nat.West 9%Pf Forums and Chat

Date Time Title Posts
05/3/201509:02Nat West 9% preference shares946
26/3/200916:02National Westminster9% non- cum preference net yield 8.02%11

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Nat.West 9%Pf Top Chat Posts

lord gnome: Good write-up and 'Buy' tip in today's IC. It certainly hasn't done any harm to the share price.
catcheemonkee: Indeed. That's why we buy them (a little capital appreciation is nice, too, of course). Looking across at Lloyds prefs, LLPD can still be bought with (just about) a 10% yield assuming that their dividends start again next May and its share price rises a few pence in the meantime to compensate a missed payment in November this year. I think we're past the date where these would have gone ex-div for this May's dividend, so just the one to go now.
catcheemonkee: Indeed. Now they're really trading ex-div it seems you can buy them this morning at 108p or sell them for 105.5p. Even at 110p that's over 8% yield, and with a tax credit, for something that's considered to be on the safer side and, depending on future inflation, a good chance of a rise in the share price. Would expect them to rally a little over the next few weeks.
simon gordon: Just pondering what the share price will do when RBS announce the standing of NWBD at the end of the month: ~Coupon is Mandatory = 110p for a 8.2% yield seems probable in 2010. ~Coupon is deferred, confirmed 4/3 the skipped coupon in shares = 80p for a 15% yield that would start paying cash in 2012. The only real danger is full nationlisation of RBS, but the Pref would follow Nat West to any new owner. This scenario does not seem probable in the next six months. NWBD has a potential return of 50% if held for one year: ~80p to 110p = 30p ~Two coupons (April/October) = 9p = 39p I imagine that there are a lot Lloyds pref refugees who will pile into NWBD once the coupon is clarified.
gary1966: Assuming 425K transaction was a worked trade and has contributed to recent weakness. Hopefully if overhang is out of the way the share price can reflect the mandatory coupon here.
malcolmmm: Bought on todays dip RBS PRFD R Colin Cawkwell (Evil Knievil ) is hoovering these up to $10 reckons they could be redeemed at $25 in 3 years time. Interesting artcle-- Why RBS can't be nationalised by Brian Turner The announcement by RBS yesterday that it expected to write down £28 billion was extraordinary. Fears that the bank may be fully nationalised drove the share price down 67%. However, the announcement was extraordinary not simply because it would represent the biggest single loss in UK corporate history - but also because of the timing. The RBS is not expected to report on quarterly results until February 26th, so there was absolutely no need for the bank to make such an announcement. Interestingly enough, it also came at a time when banks were being put under pressure to ensure they had fully written down all assets exposed to toxic debt. Barclays had already lost 25% on Friday at suggestions that CDO's the company held had not been properly written down, and discussions into the weekend suggested that all banks should make clear their write downs. In that context, it will be interesting to see whether RBS has already made full write downs and this was the purpose of the announcement. Like removing a sticking plaster in one painful go, instead of slowly and painfully, the RBS could have sought to get all of their worst news out at once, rather than drip bad news through the year. Timing it to coincide with the government's announcement of a bail-out package meant in theory the bad news could be better received if the government were backing the bad debt for RBS. The fact that markets reacted badly wasn't the size of the loss, but the fear that in giving the government a 70% stake in RBS, that the company was effectively going to become 100% nationalised soon - rendering the shares worthless. However, there is little evidence that the UK government is going to 100% nationalise RBS anytime soon. Here are the key reasons: 1. The government has invested over £15 billion in RBS shares. 100% nationalisation would mean this money would have to be written off, and the political fall out on that point alone would be horrendous; 2. The RBS has debts of around £1,900 billion. If fully nationalised, this debt would have to be added to the national debt, which last August stood at £637.4 billion, or 43% of GDP. Even totalled together at £2,500, there is also the £500 billion from the stimulus package to consider. Again, the political fall out could be instant death to any political party adding almost £2 trillion in debt directly on the nation. It would also be economic suicide and almost certainly cause the UK government's credit ratings to be downgraded. 3. Nationalising a major bank such as RBS would undermine confidence in other UK banks, creating a domino effect that would leave the new Lloyds Banking Group ready to collapse, bringing another couple of trillion onto the national debt if forced to be nationalised. 4. RBS has decent capitalisation by existing standards, and is not at threat of immediate collapse, or similar conditions that would force the issue of a 100% nationalisation of the company. Instead, it is stock market investors who are spooked, but as we can see on the ridiculous market cap across UK banks afforded by current share prices, they are not being reliably valued. 5. RBS has massive consumer insurance operations which continue to be profitable, and were initially valued towards £7 billion at the end of last year - almost twice the current market cap of the the parent company! While 100% nationalisation of the RBS has no doubt been discussed and explored, it remains political suicide for Gordon Brown and the Labour Party to consider turning the company over to full state control. The government was heavily criticised over the rescue of Northern Rock and its billions of liabilities, so the chances of any political party rushing into rescuing a much larger bank and taking direct control of its trillions of liabilities seems remote. There seems little reason to believe that any 100% nationalisation of RBS will take place soon, and that the government will look to ride out the current investor jitters. Of course, I could be wrong - but then again, we need to see a compelling reason for 100% nationalisation to arise in the first place. Discuss this in the Finance Markets forums
gary1966: I am encouraged at how well the share price stood up today with a couple of large sells. Hopefully that is them out the way now and onwards and upwards.

Nat.West 9%Pf Most Recent Trade

Trade Type Trade Size Trade Price Trade Date Trade Time Currency
O 22,015 134.50 13 Oct 2015 15:11:07 GBX

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