| Date | Subject |
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22/4/2021
10:39 | pawsche: @delphiman22 Apr '21 - 09:12 - 876
Pawsche20 Mar '21 - 13:48 - 840 of 875.
Doesnt the share buy back increase the price due to less shares been out there in the market place ?
In theory it should... However, in none of the shares that I have personal experience of buy-backs has it made the slightest difference. Certainly not as useful to a private shareholder as a special dividend (or just an increase of the normal div).
Only "advantage" that I can see for a buy-back is it generates lots of lovely fees and commissions for their mates in the city.
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22/4/2021
09:35 | delphiman: bring on the buy backs, this share was £7 before it sank to the lows of 7p when it rose to 17p they did a multiply x 10 making it £1.70, that puts the original price at £70 in comparison.
so in terms of loss this share was £70 and is now £1.92 as like for like, they did issue more shares, but they are buying them back now, this share is worth around £35 after all the sell offs they have had to make to comply with the agreement of bailout, but then over 10 years equity normally doubles, putting it back at £70.
If you follow the theory, I know there is a lot more involved but a price of £1.92 is absolutely nothing to where it really should be.
Anyone buying now is still going to make lots of money and the bank is buying its own stock back at less than half the price it sold it, what a good move, its like they got paid to take a loan, look at all the dividend money they save on that. The government had preferential shares which meant , they got a dividend when no-one else did all the time from day one. The government has had its money back with interest, so the tax payer didn't lose out, but wait yes we did as the government kept this and didn't give us anything even though we footed the bill.
if there is anyone here not doing justice to the public its the government keeping our money and wait for it, covid is also the perfect excuse for the tax hike they were going to do, so they got behind that and will now blame that and not them for screwing up the economy.
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30/3/2021
14:13 | smurfy2001: NWG really lagging its' peers.
minsky, indeed it's been a while hope he's OK.
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19/3/2021
07:47 | hamhamham1: NWG are removing a lot of the buy back shares from circulation, so this should instantly boost share price.
"NWG intends to cancel 390,730,325 of the purchased Ordinary Shares and hold the remaining 200,000,000 Ordinary Shares in treasury."
And Lloyds will buy back on open market and remove them, causing a same reaction.
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19/3/2021
07:08 | hamhamham1: NWG buyback continues, I expect Lloyds to do the same soon (but not from the gov)
NatWest Group plc
19 March 2021
Off-market purchase of 590,730,325 ordinary shares from Her Majesty's Treasury ("HM Treasury")
NatWest Group plc (the "Company" or "NWG") has agreed with HM Treasury to make an off-market purchase (the "Off-Market Purchase") for the total consideration of £1,125,341,269 for 590,730,325 ordinary shares in the Company with a nominal value of £1 each ("Ordinary Shares") at a price of 190.50 pence per Ordinary Share, being yesterday's closing price of the Ordinary Shares on the London Stock Exchange.
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19/3/2021
03:20 | cassini: Couple of big sells from two CEOs of different NWG divisions on the 16th. Why they sold so much (one sold nearly £400k worth) is a bit concerning, but may be simply to do with tax minimisation as we are very near the end of the financial year?
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24/2/2021
02:24 | cassini: Dividend was reinstated last week, it was the final and worth 3p. This is down from the 3.5p final dividend in 2019. That's not unexpected of course.
The big dividends in 2019 were the specials. I didn't hold then and don't know if they were related to one-off windfalls or RBS (as it was then) just chose to pay nominal final/interim dividends and top them up on discretion with specials.
Anyway, no clues in the financial report on the 19th about any specials so I guess we'll have to just see how 2021 pans out in terms of divis.
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18/2/2021
18:15 | arja: risky to be holding NWG overnight as a real gamble! Just loom how BARC was hammered .
Hopefully the fall in NWG today is the extent of the damage
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31/1/2021
09:38 | netcurtains: bluebell - if you look at the ticks against crosses on British Bulls for NWG its been wrong and right about the same number of times. You might as well toss a coin as use BB as a good indicator (i have no NWG shares at present)
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06/8/2020
11:22 | polar fox: So many caveats surrounding the BoE's projection that it's about as useful as one sheet of toilet paper.
More constructively, I see that Aviva has resumed paying dividends - see below for the relevant excerpt from their Interims RNS. One wonders if NWG might think about something similar a few months hence, PRA permitting, of course. But it's a very long shot at this point, given the huge uncertainties of CV-19 and Brexit.
Quote
Dividends
On the 8th of April 2020, Aviva announced the withdrawal of its final dividend for 2019 for ordinary shareholders. This decision was not taken lightly by the Board, which recognises the importance of the dividend to our shareholders. However, in view of the extreme uncertainty prevailing at the time, and clear regulatory guidance, the Board agreed that preserving capital and liquidity was in the best interest of long-term shareholder value.
The Board has regularly reviewed the impact of COVID-19 on our capital, liquidity, insurance claims, investment performance and outlook for the broader economy. While there is considerable uncertainty in the economic outlook that warrants continued attention, the Board notes operational and financial performance has been resilient and capital and liquidity remain strong, the latter also benefiting from completion of the sale of Friends Provident International Limited.
Accordingly, following its evaluation, the Board has declared a second interim dividend in respect of the 2019 financial year of 6 pence per share. This strikes a balance between paying income to our ordinary shareholders while continuing to preserve additional strength in our capital and liquidity positions.
While the Board continues to monitor the impact of COVID-19 and the economic outlook carefully and with appropriate prudence, we have decided to take the opportunity to review our longer term dividend policy, in light of our strategic priorities and the future shape of the group, with the objective of a sustainable pay-out and lower leverage. We will update shareholders on all dividend matters, including the 2019 final dividend in the fourth quarter.
unquote
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PLUS1
