Royal Bank Of Scotland Share Discussion Threads

[leedskier] 19/11/2013 08:33

19 November 2013 | 07:11am
StockMarketWire.com - Budget airline easyJet reported a record pretax profit of £478m in the year to end-September, up £161m on 2012. In addition to the regular dividend of 33.5p per share, easyJet will pay a special dividend of 44.1p.

Profit before tax per seat rose by £2.22 year on year to £7.03.

Return on capital employed grew by 6.1 percentage points to 17.4% and total shareholder return grew by 143.8%. easyJet generated operating cash of £616 million in the year.
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[leedskier] 19/11/2013 08:31

Speedy was a follower of Bitcoin.

[leedskier] 19/11/2013 07:24

Year to-date ...

[leedskier] 19/11/2013 07:17

(edit) Dow Jones industrial average crosses 16,000 for first time S&P's 500 index rose past 1,800 shortly after the market opened though both slipped below those levels within next half-hour and the DJI closed flat at 15,976.02.

[jazza] 19/11/2013 06:59

Tulip bulb anyone?

[leedskier] 19/11/2013 05:53

November 19, 2013, 2:22am
BITCOIN reached record highs of around $788 last night after the digital currency received a boost to its legitimacy from the US Senate.

US officials told a Senate committee that Bitcoin – the digital currency that can be traded anonymously and freely worldwide – should be considered a legitimate currency, despite its documented criminal uses.

"This is a huge moment in my opinion, legitimacy is the one thing that Bitcoin is lacking," Alistair Cotton, Currencies Direct's head of corporate dealing, told City A.M. yesterday.

"For it to be adopted it has to be recognised as a legitimate form of currency. Regulation and becoming accepted by the traditional banking system and regulators is crucial."

Mt Gox, one of the currency's largest exchanges, has seen Bitcoin jump a number of times in recent weeks due to the digital currency's rising popularity in China, the shutdown of the Silk Road website, the Cypriot banking crisis and fears over the security of traditional currencies.

In the past week alone Bitcoin has risen from $350 to its current high.

Last month the FBI shut down the anonymous online marketplace Silk Road, which took payments in Bitcoin and was used to trade drugs and criminal services.

Cotton said that the Silk Road shutdown actually helped Bitcoin: "The FBI seizing some one and a half per cent of the total supply of bitcoins has had an effect in driving the price upwards."

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[ramco] 18/11/2013 18:18

Please check out the 5th cartoon caption down here...;

[ramco] 18/11/2013 18:14

While the domestic euphoria in the stock market bubble has succeeded to sucker in everyone into the biggest multiple expansion rally in 15 years (as was noted earlier today, 75% of the S&P's YTD return has come from its trailing PE expanding to 16.5x now from 13.7x in 2012 - the largest increase since 1998), foreigners continue to vote with their feet. In fact, as today's August TIC data report showed, in August - perhaps due to Tapering fears - foreigners sold $16.9 billion in US equities. This was the fourth largest equity outflow in history. Transactions in other securities were mixed, with $10.8 billion in long-term Treasury sales offset by $16.8 billion in MBS/agency purchases, as well as $2.3 bilion in Corporate Bond buys.

[ramco] 18/11/2013 18:11

Goldman moving ahead with warehouse sale talks
Claiming plenty of buyer interest, Goldman Sachs (GS +1.8%) - reports the FT - is stepping up discussions of a sale of its metals warehousing business, Metro International Trade Services. Among the more than a dozen parties expressing interest are major commodity trading houses, P-E groups, and Chinese buyers including insurer Ping An and China Minmetals.
The movement comes as the Fed reviews banks' allowed participation in the physical commodities business, and amid new rules from the LME making it easier to put a value on the unit. Those new rules would force stocks lower at the largest warehouses and a cut in the rent paid. Partially thanks to that, industry insiders reckon Goldman may get just half of the $540M it paid in 2010.

[ramco] 18/11/2013 18:10

Dudley optimistic about 2014 as fiscal drag slows
While liking recently reported 2.8% annualized Q3 GDP growth and the pickup in job gains , FRBNY chief Bill Dudley isn't yet ready to declare "mission accomplished." He notes inventory investment added 75 basis points to the GDP print - something likely to be reversed in Q4. As for employment, "we have seen such bursts" a few times over the past few years and the pickups have proven temporary.
"But, I have to admit that I am getting more hopeful," he adds, pointing out 2013 has been an "usually contractionary" year for government expenditures at all levels - again something likely to slow or end next year.

[ramco] 18/11/2013 18:09

On the hour
Dow +0.26%.
10-yr +0.2%.
Euro +0.09% vs. dollar.
Crude -1% to $93.55.
Gold -1.2% to $1272.

[dope007] 18/11/2013 16:44

plus someone should tell Yellen that unemployment isn't falling, although I guess she already knows that, and couldn't care less.

[ramco] 18/11/2013 16:33

In spite of $85B a month in asset purchases in April through August of 2013, interest rates on the long-end of the curve increased. Janet Yellen in her testimony repeatedly pointed to lower long-term rates as the reason unemployment is currently falling. Somehow, the facts are not lining up with the assertion as the opposite is now taking place in the market for credit. Interest rates on riskier credit assets such as municipal bonds, preferred stock and long-term utility bonds I track continue to trend higher, and are increasing more relative to Treasuries. The risk spread between real economic activity based long duration bonds and rate controlled government bonds is where investors need to pay attention at the present time. The market for riskier credit calmed in October as the government shut-down injected the prospect that rates would not move higher. But in the recent week, rates on the long end began to tick up again.

My own view at present is that long-term interest rates on risk assets cannot move much higher without a stock correction taking place. However, do not see the signals that I look for to trigger an immediate major downturn, meaning that the stock market momentum trade higher is likely to continue over the near term. However, signs are brewing that there is trouble ahead and the downturn will be significantly more painful because stocks are trading up in anticipation of an unlikely outcome. The trading pattern in the transition from 2013 to 2014 is likely to be very telling with regard to the true underlying belief in the current market valuation

[ramco] 18/11/2013 16:22

you did not supply the housing numbers...tut tut, here they are

NAHB Housing Market Index at 54.0
NAHB Housing Market Index: 54, vs. consensus of 55; 54.0 in Oct (prior revised).

[dope007] 18/11/2013 15:02

Housing numbers missed, get in there +200 now, gotta be......

[dope007] 18/11/2013 14:50

When do we go to tripple POMO?

[leedskier] 18/11/2013 14:42

INDEXCBOE:VIX

12.19.

Close to.

[dope007] 18/11/2013 14:41

Apparently it is Brucie Bonus time Ramco and today is double POMO with $2 billion before the $3 - $4 billion one. Bring it on, DOW 20,0000

[dope007] 18/11/2013 14:36

Is the VIX at zero yet?