Royal Bank Of Scotland Share Discussion Threads

[leedskier] 06/8/2015 08:30

Will Australia win the toss again?

[avatar333] 06/8/2015 08:24

Morning.

;

[leedskier] 06/8/2015 07:42

It is going down today.

[smurfy2001] 06/8/2015 05:17

So quite a bit of short covering to go LOL ;)

[gcom2] 06/8/2015 01:27

Some investors "got wind", I'd call that insider trading.
Full investigation and prosecutions will surely follow?

[leedskier] 06/8/2015 00:40

At last there may be some Parliamentary interest in the activities of the hedgefunds and others who manipulate the markets daily.

[leedskier] 06/8/2015 00:37

It has been alleged that the increase in trading could be a sign that some investors got wind that the Government was about to start selling part of its 78 per cent stake in the bank – betting this would drive the share price down.

In the event, RBS shares fell 8 per cent between Thursday and Monday evening. If this resulted in the Government getting a lower price for the shares it sold – as would be expected – that would mean hedge-fund traders benefited at the taxpayer’s expense.


According to data from the financial information company Markit, quoted by the Financial Times, RBS shares used for short selling almost doubled to 1.8 per cent at the end of last week, their highest level for several months.

The total amount of shares being used to sell RBS short peaked at about 68 million, worth some £230m. If the short sellers got out of the market on Monday they would have made around £20m.

[little hen] 05/8/2015 21:04

Thanks Smurf. For the past couple of months I've been buying in the 335 - 345 range and selling at 360 - 365. Starting to think about putting a few aside for med/long term.

[jazza] 05/8/2015 19:34

RBS might be to Gideon what gold was to Broon.

Should have negotiated with the PLC to let it buyback huge chunks with excess capital at above market-price.

[smurfy2001] 05/8/2015 19:17

The chancellor’s sell-off of the first tranche of UK government shares in the Royal Bank of Scotland could not have been more poorly timed (Report, 5 August). The predicted £1bn loss on the price paid for the stake when the bank was bailed out demonstrates that we, the taxpayers, have been ridiculously shortchanged. This is especially troubling given the fact that six months ago the shares traded at over 400p, whereas at their sale they were traded at 330p.

While the chancellor aims to promote “financial stability” through this sale, it is difficult to see what sort of instability required it to be done so quickly, with the loss of £1bn for a 5% holding. The chancellor must also justify why, given his austerity agenda, he is able to so easily write off such a huge amount of money, equivalent to a twelfth of his proposed welfare cuts.

With the sell-off set against a background of cuts driving hundreds of thousands of children into poverty, it is clear that austerity is not being driven by necessity but by a cruel and vindictive political philosophy.
Alex Orr
Edinburgh

• It has not taken long for George Osborne to reward the hedge fund managers et al who funded the Tory election campaign in being able to purchase RBS shares at a knockdown price. Instead of staring at its own navel, the Labour party should plan an effective opposition to the sell-off of public assets by the government, combining with the SNP, Welsh nationalists and the Greens. They should remember that the Conservatives have a slim majority of 12.
V Crews
Beckenham, Kent

• Towards the end of June I wrote to the chancellor and asked if the exchequer would send me, as a taxpayer, my share of the RBS shares. I was told that Rothschild had looked into the matter and decided the taxpayer would get much more if the shares were offered to the market gradually. How Rothschild can look into the future and take a better gamble on my behalf than I would, I do not understand. Under Tory economic theory, surely I (and by implication all the other taxpayers) have a much better idea of how to manage my affairs than some Treasury bureaucrat.
Margaret Squires
St Andrews, Fife

[smurfy2001] 05/8/2015 19:01

Little hen - my exit target for my long term is +100 pence on my average price (which is declared here). I was half way there earlier in the year.

I have no idea how long that will take.

In the meantime l trade on the side using CFD's, these l hold for weeks. Right now l have un-declared CFD positions with a 360p exit.

[little hen] 05/8/2015 18:24

Smurfy - Have you got a target/timescale on these?

[cfc1] 05/8/2015 16:41

well I am not thinking about anything other than the share price I reckon there is talk behind the scenes and some big institutions will want to snap up shares!

[smurfy2001] 05/8/2015 16:26

cfc1, it was multiple times oversubscribed. The gov could have sold 10% easily but then you'd have a much higher loss.

[cfc1] 05/8/2015 15:35

Leeds you now buying RBS.
Interesting to note that the 5% release of gov't shares of RBS was snapped up immediately. I wonder if there are behind the scenes chats with some big possible buyers to snap up 5-10% chunks of gov't shares too.
All good for the future.
Now we just need a settlement (final) over claims - just like BP did with litigation US teams last week.

[leedskier] 05/8/2015 13:49

OK I have made my contribution here for today. Have a good afternoon.

Test Match tomorrow from Trent Bridge.

[leedskier] 05/8/2015 13:47

Dow futures up more than 100 points after ADP private-sector jobs growth slows

[leedskier] 05/8/2015 13:46

Talking of China ...


Apple Inc.'s stock AAPL, -0.93% fell 0.9% in premarket trade Wednesday, which puts it in danger of suffering a sixth-straight loss, and 11th decline in the past 12 sessions. The stock slumped 3.2% on Tuesday to close at the lowest level since Jan. 27. It has lost $18.36, or 14%, from its Feb. 23 record close of $133, which shaved off $104.7 billion in market capitalization. Analyst Trip Chowdhry of Global Equities Research lowered his stock price target to $155 from $176, citing concerns over the impact of an expected slowing of China's economy. Apple generated about 16% of its revenue from China over the last 12 months, according to FactSet.

[leedskier] 05/8/2015 13:44

The weak ADP data is helping the FTSE


6,760.14 +73.57 (1.10%)

[leedskier] 05/8/2015 13:42

When they write the history books about this period, I am sure Dr Strangelove's paranoia about Germany being revisited by 1920's levels of inflation and his obduracy about allowing the ECB to introduce timely positive measures to encourage Eurozone growth, will be considered to have been principal contributory cause of the prolonged weakness in Global growth during this decade. Am I right in thinking that the ECB actually raised interest rates in 2008?

With demand weak across much of mainland Europe, is it any surprise that Asia and the USA are not growing as strongly as anticipated during this phase of the cycle?

It is different in the UK.

The UK, like the USA, was quick to take steps to help, added to which the Government has moved quickly to rebalance the economy and lower taxes. All of which has stimulated UK domestic demand for goods and services. Lower commodity prices are not harming the likely continuation of lower interest rates either.

[leedskier] 05/8/2015 13:22

The data prints coming from the USA and the Eurozone, the two largest economies, do not suggest either is overheating. Meanwhile China is in meltdown and earlier today Indonesia posted its lowest GDP growth since 2009.

Is the Federal Bank still determined to pretend otherwise and raise rates in September?

[leedskier] 05/8/2015 13:19

$ falls on that data.

[leedskier] 05/8/2015 13:18

The ADP employment data was much less positive than consensus forecasts.