Share Name Share Symbol Market Type Share ISIN Share Description
Royal Bank Of Scotland LSE:RBS London Ordinary Share GB00B7T77214 ORD 100P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -3.30p -1.74% 186.70p 186.60p 186.70p 189.70p 186.50p 188.10p 3,632,282 09:37:08
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Banks 12,923.0 -2,703.0 -17.2 - 21,907.94

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Date Time Title Posts
24/10/201609:27RBS 'A NEW THREAD II'144,402
06/7/201608:30RBS HEADING BACK DOWN TO 10p9
29/4/201607:48RBS - Plenty of bubbly for the shareholders meeting20,903
11/4/201619:53Royal Bank of Scotland: Strong *BUY* Short Term Price Target -95p8,612
28/1/201605:21This bank is a good short target because...8

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Royal Bank Of Scotland Daily Update: Royal Bank Of Scotland is listed in the Banks sector of the London Stock Exchange with ticker RBS. The last closing price for Royal Bank Of Scotland was 190p.
Royal Bank Of Scotland has a 4 week average price of 179.07p and a 12 week average price of 188.25p.
The 1 year high share price is 332p while the 1 year low share price is currently 148.40p.
There are currently 11,734,300,200 shares in issue and the average daily traded volume is 18,722,988 shares. The market capitalisation of Royal Bank Of Scotland is £22,013,547,175.20.
gcom2: Any views here on how a Trump/Clinton win will affect rbs share price? or, as it's rbs will it fall on either one winning?
cfc1: yet.....RBS share price which has been slammed not even up 5p on the news!
cfc1: Gcom....good logic. I think that's about right re RBS likely fine. Avatar - will the weather affect RBS share price do you think. Was gonna ask ...what do the tealeaves say but guess it should read cartoons?
shaws67: Has RBS share price got a puncture?
smurfy2001: 6 AUGUST 2016 • 1:31PM RBS is nearing the point of becoming a recovered bank and well on the way to being a good bank,” said the chief executive of the Royal Bank of Scotland. It sounds good, doesn’t it? At last, RBS is showing signs of a turnaround, long after the 2008 bailout which took it largely into public ownership. Sadly, that is not the current chief executive. Those were the words of Stephen Hester in 2012, four long years ago. He left amid a row with the government a year later, but little has changed in the outlook for the bank. Bosses now claim RBS is making good progress, getting back into shape and tackling past problems – yet it is making sustained losses every year. Back in 2012, the bank was talking about resuming dividend payments – something which still seems as far away as ever. Last year, the then-chairman Sir Philip Hampton was predicting dividends would resume next year, but hopes for a payout have dwindled. Even analyst forecasts of a dividend for 2017, which would be paid in 2018, have collapsed. At the start of 2015, the average prediction was for a 17p per share dividend. Now that has fallen to just 3p. “I have a nominal 2p 2017 final dividend pencilled in, to be declared in February 2018,” says Ian Gordon, an analyst at Investec. “I’d be mightily surprised to see anything before that – it is unclear if the bank will be profitable by then.” Four years ago, executives even discussed the prospect of selling down the government’s stake in the bank. That kicked off 12 months ago, when then-Chancellor George Osborne sold a £2.1bn stake in RBS. He hoped it would inject extra liquidity into the market and act as a show of confidence in the bank, but its share price has fallen ever since. The share sale now feels depressingly like a one-off. The sale a year ago priced the shares at 330p. Now they are trading at 179p, and even fell to a record low of 148p in July. It is a grim time for shareholders. But bosses insist the bank remains on the right track. “It is important to recognise that we are a normal bank today – we’ve got six franchises that are doing very well. Over the last six quarters we’ve generated £1bn on average, pre-tax, out of those businesses,” says finance director Ewen Stevenson. “The only thing holding us back from normality is the speed at which we work through the legacy issues. Today, while we did take sizeable conduct provisions, that is a good sign of us continuing to make progress and cleaning up the past.” Even Mr Hester looks back snd sees progress. “I remain extremely happy with my time at RBS, probably more happy that I was there because some of the stresses and strains fade in your mind,” he says. “In terms of what we did at RBS, obviously I’m biased but I think we did a fabulous job – we completely saved the bank, which was far from obvious. We built very, very great foundations for the future. “The one thing we didn’t do was manage to get the share price high enough, which in part was because the government was imposing a strategy on us which I didn’t agree with, which was why I left.” A key difference to which he alludes is the strategy towards the investment bank. Mr Hester wanted a smaller but highly profitable investment bank, but the government wanted a radically reduced unit that would exist solely to provide modest support for large corporate clients. Grappling with that entity is still a problem – last year RBS’s corporate and institutional banking arm made an operating loss of £837m, worse than the £710m loss in 2014 and driven by another £524m restructuring charge. In some areas, history is repeating itself with huge precision. Perhaps the most astonishing carbon copy comes with Williams & Glyn, the spin-off bank that RBS was ordered to set up as a condition of its crisis-era bailout. “The branch sale to Santander… seems to take longer every time I ask a technologist about it,” said Hester in 2012. “So I’ve stopped asking, but anyway, it will happen one of these days.” That statement looked silly shortly afterwards as Santander dropped the deal. Yet in recent months the Spanish-owned bank has restarted enquiries and is even thought to have pencilled in a new offer. The problems to which Hester referred are far worse than he imagined. RBS has 6,000 staff working on the project at a cost of £50m a month. Perhaps Santander will ride to the rescue, moving customers over to its own systems. Or RBS might be saved by Brexit – the European Commission demanded the separation, and its rulings will no longer matter once the UK leaves the EU. Until any decision is made there, the next pressing issues are the Bank of England’s stress tests and the negotiation of a US fine. Regulators at the Bank of England are pleased that RBS has an increasingly formidable capital buffer, though it will not be able to pay any excess capital to investors until officials are convinced the bank can withstand any future recession. While RBS passed the European Banking Authority’s stress test well enough last month, it suffered a large fall in its capital position in the hypothetical downturn, indicating some of its loans are still of relatively low quality. A related problem is the fine for selling toxic US retail mortgage-backed securities before the financial crisis. US authorities have a habit of taking as much capital as a bank can bear to lose, so RBS’s newly restored buffers could be wiped out. Also, the fall in sterling will make fines in dollars substantially higher in pounds. Brexit’s impact may also leave a slowing economy, which also dents RBS’s prospects. The bank has found itself at the end of a business cycle before it has even cleaned up the mess from the previous boom and bust. Chief executive Ross McEwan admits this is pushing down returns again. “Given there will be lower interest rates for a lot longer now, we do have to start factoring that in and so does the market,” he says. That is to say: don’t expect a payday for investors – or the taxpayer – in the near future.
leedskier: cfc1 you seem to be losing your charm today. Nothing to do with the impact of the referendum on RBS share prices, I guess, since you seem to be persuaded that it is just a blip.
bit thick: "Read yesterday that Brexit could take RBS share price down 25%" and what happens if we stay in and the Euro zone collapses? 25% down might be a good option!
jungle jim: What is the concensus regarding the RBS share price after the referundum? As I see it the Brexit question is suppressing it, should it then be taken as given that on the 'stay in' result (according to the book makers and therefore most likely) we will rise?
gcom2: RBS share price was 25% higher in Jan 2013, when pigs bond yields were all over 6%, billions had yet to be paid in PPI and UK GDP had just shrunk by 0.3 % in q4 2012. But hey, at least RBS was 370p a share !!!
smurfy2001: RBS Delays AGM Over Dividend Share Talks Last Updated 15: 43 15/03/2014 Mark Kleinman, City Editor Royal Bank of Scotland (RBS) is to delay its annual shareholder meeting by several weeks as it seeks to cancel a special Government-owned share that prevents it paying dividends. Sky News has learnt that RBS has decided to hold its 2014 AGM in late June amid advanced talks between the Treasury and the European Commission about the fate of the so-called Dividend Access Share (DAS). Last year's AGM took place in May, while the event was traditionally held as early as April. The decision by directors of RBS to delay the 2014 meeting was taken in the last few days. The DAS was put in place as part of the £45.5bn taxpayer bail-out of RBS in 2008, and removing it would be a crucial step on the bank's long journey back to normality. Doing so, however, will not be cheap for the state-backed lender. The DAS, which confers enhanced dividend rights on RBS ahead of ordinary shareholders, was valued in the Treasury's books on March 31 last year at just under £1.5bn. People close to the talks between the Treasury and Brussels said there was a realistic chance that an agreement could be reached by the end of June about the terms under which the DAS could be bought out without breaching state aid rules. The cancellation of the DAS requires a vote that would only involve RBS's minority shareholders because of its status as what is known as a related-party transaction, meaning that the Government cannot vote on it. The value of the DAS fluctuates based on a range of market data, including the RBS share price, the expected volatility of the stock over various time periods and the riskiness of the B-shares in RBS owned by the Government. RBS's shares closed on Friday at 299.5p, suggesting that the cost of cancelling the DAS could be recorded at a lower level at the end of the month than it was last year. That is because the cost reduces as RBS's share price rises, with a provision for cancelling the DAS altogether if the market price of RBS's ordinary shares exceeds 650p for at least 20 out of 30 consecutive trading days. "The theoretical valuation does not necessarily reflect the price RBS would be prepared to pay to remove the DAS," the Treasury said in its annual report last year. The DAS effectively acts as a block on dividend payments to ordinary investors because at least £1.8bn must be paid to the Treasury before any payout to other shareholders can take place. Ross McEwan, the new RBS chief executive, is keen to resolve the issue of the DAS and said last month that "discussions with the UK Government...are well-advanced. A successful restructuring of the DAS will represent a significant step towards the normalisation of RBS's capital structure". Insiders cautioned that the delay to the AGM did not offer a guarantee that the outstanding issues could be resolved in time and it remained uncertain whether the DAS-related resolution would be put to a vote on the same day. The intention to do so is designed to avoid the cost of staging a separate investor meeting on another date. Even if there is a vote on the DAS in June, the payment of the cancellation fee might not take place until ordinary dividends start being paid again. With RBS not forecast to be profitable until 2016 and regulatory approval required for a resumption in dividend payments, that could mean the Treasury faces a three-year wait for the money. News of the AGM delay comes weeks after Mr McEwan unveiled an annual loss of £8.2bn for 2013, and announced plans for an overhaul of RBS to focus it more clearly on improving service to personal and small business customers. Delaying its AGM will also provide RBS with more time to resolve an issue that has provoked significant debate in Westminster: whether it should seek shareholder approval to pay out higher bonuses under new European rules.
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