Royal Bank Of Scotland Share Discussion Threads

[maxk] 01/3/2017 07:51

The Trojan looks to rejoin what he never left..

[leedskier] 01/3/2017 07:00

March 1 Britain's FTSE 100 index is seen opening up 23.1
points on Wednesday, according to financial bookmakers.

* The UK blue chip index closed 0.1 percent higher at 7263.44 on Tuesday, as
gains by GKN Plc and Pearson Plc outweighed losses from basic
resources stocks.
* UNILEVER: Unilever is proposing changes to how it pays
executives and directors in order to make them think more like owners of the
business, less than two weeks after seeing off a $143 billion takeover pursuit
by U.S. rival Kraft Heinz.
* VODAFONE: Sky Network Television will not yet cancel its
agreement to buy Vodafone's New Zealand unit after the country's
competition regulator rejected the proposal, the firms said.
* 21ST CENTURY FOX/SKY: Rupert Murdoch's Twenty-First Century Fox Inc
could formally notify the European Commission of its 11.7 billion pound
($14.47 billion) takeover offer for Sky as soon as Thursday, after which the UK
culture secretary will decide whether to launch a probe into the extent of
Murdoch's control of UK media, the Guardian reported on Tuesday. (bit.ly/2m55zjf)
* FORD: U.S. carmaker Ford Motor Co plans to cut 1,160 jobs at its at
its engine plant in Bridgend by 2021, ITV News reported on Tuesday. (bit.ly/2lRIMqG)
* UK PRICES: Prices in British shops showed the smallest annual decline in
over three years last month, adding to signs of growing inflation pressures
after last year's post-referendum fall in the pound, data showed on Wednesday.

* UK INDUSTRY: Prime Minister Theresa May's flagship industrial strategy
lacks "clear actions and milestones", the head of the Confederation of British
Industry will say on Wednesday, challenging ministers to set out what exactly
they plan to do, the Financial Times reported on Tuesday. (on.ft.com/2mIXKgz)
* SCOTLAND: The "sheer intransigence" of the British government over Brexit
could lead to a second Scottish independence referendum, the head of the
devolved Scottish government said on Tuesday.
* GLOBAL MARKETS: U.S. stock futures pared gains on Wednesday on
disappointment that President Donald Trump did not offer further details on his
plans for infrastructure spending and tax reforms, but the dollar firmed on
growing expectations of a rate hike this month.
* OIL: Crude oil prices rose on Wednesday as the dollar trimmed gains and a
speech by U.S. President Donald Trump offered little on plans by his
administration to boost U.S. oil production.
* FEDERAL RESERVE: A handful of Federal Reserve policymakers on Tuesday
jolted markets into higher expectations for a March U.S. interest rate increase,
with comments that suggested rate-setters are worried about waiting too long in
the face of pending economic stimulus from Washington.
* For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets

* UK CORPORATE DIARY:
BBA Aviation PLC Full Year 2016 BBA Aviation PLC Earnings
Release
Carillion PLC Full Year 2016 Carillion PLC Earnings
Release
EVRAZ plc Full Year 2016 EVRAZ plc Earnings
Release
Inchcape PLC Full Year 2016 Inchcape PLC Earnings
Release
Elementis PLC Full Year 2016 Elementis PLC Earnings
Release
Man Group PLC Full Year 2016 Man Group PLC Earnings
Release
ITV PLC Full Year 2016 ITV PLC Earnings Release
Inmarsat PLC Preliminary 2016 Inmarsat PLC Earnings
Release
International Full Year 2016 International Personal
Personal Finance Finance PLC Earnings Release
PLC

[leedskier] 01/3/2017 06:59

David Buik‏
@truemagic68


European opening update courtesy of CMC MARKETS - FTSE +21, DAX +33, CAC +17 at 6.16am - slightly more upbeat

[smurfy2001] 28/2/2017 16:47

polar fox,

If all Stevenson has bought is 30,000 shares it's peanuts given his pay. I hold more than that.

[smurfy2001] 28/2/2017 16:43

polor fox,

Interesting but i'm honestly not going to get too excited about it. It might even be higher than provisioned we just don't know.

[polar fox] 28/2/2017 16:23

And Stevenson is at the heart of negotiations and he's not lost any time in buying a decent amount on the day after the Results!

[cfc1] 28/2/2017 15:34

polar fox....great find!! really useful and lets hope so....perhaps that's why the share price trickled up today...

[polar fox] 28/2/2017 14:43

cfc,

This may cheer you up a little - a hint of something favourable in a recent Bloomberg article which mentions the RBS/DoJ situation. I've excerpted the relevant segment:

The new U.S. attorney general, Jeff Sessions, spent most of his Senate confirmation hearing answering questions about his civil rights record. The fate of remaining Justice Department probes of banks’ complicity in the financial crisis, though, may fall to a lawyer who spent much of the Obama administration representing the interests of banks and other corporations.

President Donald Trump last week nominated Rachel L. Brand, 43, a onetime senior counsel at the U.S. Chamber of Commerce, to become associate attorney general, the No. 3 job in the Justice Department. The position, which requires Senate confirmation, supervises the civil, antitrust and environmental divisions, among others, making it an important overseer of many of the department’s probes of corporations.

Brand’s work at the nation’s largest business lobby included helping Citigroup Inc. fight off a demand that it admit to wrongdoing as a condition of settling mortgage-related allegations against it.

It’s common for lawyers who specialize in regulatory work to alternate between defending corporations and working for the government. With Sessions taking the oath of office on Thursday, the top ranks of the new Justice Department are beginning to take shape with Brand and two other alumni of the George W. Bush administration in line to become lieutenants to the attorney general.

During the Obama administration, the No. 3 official ran a task force that coordinated investigations of banks over their sale of shoddy mortgage-backed securities, which prosecutors say aggravated the global financial meltdown of 2008. The official recently oversaw the government’s bids to block two health insurance megamergers and played a role in the investigation of Volkswagen AG over its emissions cheating.

Seven large banks have already settled with the government for a total of $58 billion, and at least two cases remain, including a lawsuit filed against Barclays Plc in December after settlement negotiations broke down.

“There certainly is ample evidence at this point that Trump and the people around him have been listening intently in recent years to the complaints of Wall Street about Washington,” said Samuel Buell, a former federal prosecutor on the Justice Department’s Enron Task Force. “One of those complaints is that the government has been ham-handed” in how it sought settlements over mortgage-backed securities, he said.

Industry complaints that penalties were doled out arbitrarily in earlier cases might help Royal Bank of Scotland Plc, the other bank known to still be a subject of a U.S. mortgage probe, negotiate a lower fine, said Buell, a Duke University School of Law professor. It’s unlikely that prosecutors will walk away from the remaining cases, he said, despite Trump’s pro-business positions and Brand’s history of defending corporate interests.

Unquote

Alongside the above, Google currently has several news items relating to early decisions by Sessions since his arrival at the DoJ - he seems to be reversing some decisions of the previous administration.

Could it be that RBS will come out of this a bit better than has been expected? If so, there surely won't be any dip to buy when/if anything is leaked!

[cfc1] 28/2/2017 12:41

smurfs im in for loads....not selling and trying to buy on dips...expect the next dip to be when the DoJ fine is initially declared which will be OTT - just like DB and that's the time to add on a T20!!

[smurfy2001] 28/2/2017 12:25

I'm afraid to write down my book value on the 333 holding.

[gcom2] 28/2/2017 12:24

£70,500 worth

[smurfy2001] 28/2/2017 12:23

Given the indication of profit in 2018 i've bought a separate holding at 239.13. I have another holding in a different portfolio at 333 already declared, a terrible average which l won't add to.

It will be interesting to see how FY 2017 pans out but l expect to make a healthy return in 2018.

[leedskier] 28/2/2017 12:11

A sign of confidence.

[gcom2] 28/2/2017 11:41

gone up a bit

[avatar333] 28/2/2017 10:37

Morning.

;

[leedskier] 28/2/2017 07:58

End of the month!

[leedskier] 28/2/2017 06:35

David Buik
‏ @truemagic68


Opening calls courtesy of CMC markets - cautious optimism pre-Trump speech - FTSE100 +17 at 7,270, DAX +30 at 11,852, CAC40 +12 at 4,857

[dope007] 27/2/2017 16:12

And when Deutsche bank goes bust they really will have achieved something special