Royal Bank Of Scotland Share Discussion Threads

[avatar333] 31/7/2015 08:43

I note the thread was rather busy yesterday.

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[avatar333] 31/7/2015 08:43

Morning.

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[begorrah88] 31/7/2015 08:17

Doing its' level best to get back into the comfort of the red.

How these sorts must laugh at the general public as they plan which carribean island they are going to next.

[begorrah88] 31/7/2015 07:58

For at least half an hour ;-)

[leedskier] 31/7/2015 07:39

Britain's blue chip index is expected to open nine points higher at 6,678, with the German DAX 23 points higher at 11,280 and the French CAC 15 points higher at 5,062.

[tfergi] 30/7/2015 22:50

Poxy share

[audigger] 30/7/2015 20:56

34p in old money.......a long way to go before we break 40p again.......

[audigger] 30/7/2015 20:56

34p in old money.......a long way to go before we break 40p again.......

[tradejunkie2] 30/7/2015 19:57

What did i tell you all?

Number 1 trader on this board, yet again.

What do most of the other posters do such as Ramco and Avatar? Not much.

Listen to the master.

We have now 340p, we now move back upwards but be patient. When TradeJunkie speaks you know the best trader on the board is worth listening to. Filter Ramco, best thing you will do.

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TradeJunkie2 29 Jul'15 - 14:51 - 135629 of 135730 0 0 edit

I reckon 368-370p tomorrow....

Anyone want to take a guess?

[cfc1] 30/7/2015 18:38

f'ing outgoing chairman really helping with his outburst....

[smurfy2001] 30/7/2015 17:21

The Royal Bank of Scotland said on Wednesday that it had sold $2.2 billion in shares of the Citizens Financial Group, an American retail bank, in a larger-than-expected offering as it further reduces its stake in the lender.

R.B.S., which spun off Citizens in an initial public offering last year, said that it had sold 86 million shares at $26 a share, equivalent to a 16 percent stake in Citizens Financial. If an additional overallotment of shares is fully exercised, the sale could amount to as much as $2.6 billion in Citizens Financial stock.

Citizens Financial also intends to repurchase 9.6 million shares for $250 million from R.B.S. in a directed buyback.

After the sale and buyback, R.B.S. will hold a 23.4 percent stake in Citizens Financial, down from 40.8 percent.

[smurfy2001] 30/7/2015 17:20

I thought this was a good summary.



RBS profits 'like groundhog day' says chairman

The banking group, part-owned by the UK taxpayer, warned it will be hit by more legal costs and compensation payouts in the coming years.

Royal Bank of Scotland's finances are "like groundhog day," outgoing chairman Sir Philip Hampton said, as the bank reported a surprise profit of £293m in the second quarter of the year.

That compares with a profit of £230m in the same period of 2014, and exceeds the £300m loss analysts had predicted.

But the numbers are still being dragged down by misconduct and litigation costs, which came in at £459m in the quarter, while RBS also took a hit of £10.5bn from continued restructuring costs.

The results are "like groundhog day, because we've had good operating profits but again another slew of conduct, litigation and restructuring charges", Sir Philip said.


He is leaving the bank at the end of August after more than six years on the board, and said he did not realise the full scale of the problems when he took the job.

"It is just being realistic about just how long a bank with the scale of problems that RBS had - which I think were underappreciated at the time, certainly underappreciated by me - how long it takes to fix," Sir Philip said. "It has taken a long time to fix the balance sheet of what was the biggest bank in the world."

Chief executive Ross McEwan said those restructuring costs were still not over.

"One word of warning - this will continue to be a noisy year as we continue to go further and faster on restructuring and continue to deal with conduct issues of the past," he said.

One major cost will be the settlement with US authorities over toxic loan portfolios from the pre-crisis years. These residential mortgage-backed securities (RMBS) could cost the bank as much as $10bn, according to analysts.

RBS has not yet begun talks with the regulator, and as such has this unknown cost hanging over it for the forseeable future.

Chief financial officer Ewen Stevenson said he hoped to start negotiations within the next six to 12 months.

He also said the bank does not expect to start paying dividends until the first quarter of 2017, disappointing those investors who had thought a 2016 dividend could be a possibility.

RBS wants to start paying dividends when its capital buffer increases to above 13pc, a threshold which is close as the buffer rose to 12.3pc this quarter.

However, that is likely to be delayed by the annual cycle of stress tests run by the Bank of England, Mr Stevenson said.

RBS' capital position has to get the thumbs up from the regulators before it can pay out its excess capital in dividends or share buybacks, and so expects to have to wait until after the stress tests in November 2016 before it gains that official approval.

The improved profits would have been expected to help the Chancellor start to sell down the taxpayers' 79pc stake in the bank, and initially shares rose, however the RBS' stock price slid 0.8pc after markets had some time to digest the results.

There was still a loss of £153m across the first half of the year overall, and analysts noted the delay in dividends compared unfavourably with Lloyds, which was bailed out at the same time as RBS but has already begun paying dividends.

RBS did see some positive figures, particularly in the mortgage market. Mortgage application numbers increased by 43pc on the year, pushing RBS' share of the new mortgage loan market up to 9.7pc, and helping to maintain revenues in the retail banking arm.

At the same time Mr McEwan said he and his team have stripped £800m out of the bank's annual cost base, helping improve the profit numbers further.

[cfc1] 30/7/2015 16:14

just spoke to RBS investor relations and they say the city is ignoring all positive news...that they are ahead of their restricting time lines. They believe they are making great progress.
I think they are just tooo slow...

[shaf200] 30/7/2015 16:04

I'll definitely be buying some RBS next year for an easy 20% in 6 months...

[shaf200] 30/7/2015 16:03

Agreed. They should have been more vocally upbeat. For example: we would LIKE to reinstate dividend by end of Q4 next year... is better than saying at the earliest Q1 of 2017...

Here the emphasis is on the word LIKE. If they don't its not the end of the word... I remember Lloyds doing something similar...

[cfc1] 30/7/2015 15:40

this is mad....the new CEO has no chrisma, no style, no presentation skills, wont take anyone on....he needs to go - that will excite the city.....same as Barclays.....now where is my f'ing SLR!!!!!
As we used to say ...gone in 30secs and quietly!

[astol] 30/7/2015 15:35

defies logic up 15p then down 10p-intraday 25p diff-maybe the figures seemed good at face value but still a big uphill climb and issues at RBS??

[smartypants] 30/7/2015 15:29

Can you remember not that long ago...5/6 years, when such sharp fluctuations in SP's would have people..us..asking questions ??.what on earth is happening.."fat finger" trading..??
Now it seems it is simply a daily occurrence and every one accepts it as normal
So which is more worrying, it happening..or its acceptance ?

[smurfy2001] 30/7/2015 15:03

Tanking now.

[cfc1] 30/7/2015 14:56

I think this CEO is completely unimpressive......doesnot have the stature of a leader at all!!!

[astol] 30/7/2015 14:52

yes crazy situation on the Dow down 100 because good GDP figures that then beckons an interest rate rise sooner than later-funny world we live in-mind you interest rate rises are generally good for the banks to make more margin but not so good when so low as currently.

[smartypants] 30/7/2015 14:45

Market at the mercy of the idiot Yanks again and there whims

[smurfy2001] 30/7/2015 14:43

Despite a Q2 profit share price is further down then earlier in the month. Share price would probably be up on bad news.

At least BARC is doing nicely ;)