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NWG Natwest Group Plc

265.20
2.40 (0.91%)
Last Updated: 12:53:08
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Natwest Group Plc LSE:NWG London Ordinary Share GB00BM8PJY71 ORD 107.69P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.40 0.91% 265.20 265.10 265.30 266.60 263.70 265.00 6,483,742 12:53:08
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Commercial Banks, Nec 14.77B 4.64B 0.5271 5.02 23.26B
Natwest Group Plc is listed in the Commercial Banks sector of the London Stock Exchange with ticker NWG. The last closing price for Natwest was 262.80p. Over the last year, Natwest shares have traded in a share price range of 168.30p to 277.10p.

Natwest currently has 8,795,471,955 shares in issue. The market capitalisation of Natwest is £23.26 billion. Natwest has a price to earnings ratio (PE ratio) of 5.02.

Natwest Share Discussion Threads

Showing 2901 to 2922 of 4675 messages
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DateSubjectAuthorDiscuss
29/7/2022
09:18
Natwest 'awash with cash' but challenges are 'on the near horizon'
Head of markets at interactive investor Richard Hunter:

'NatWest’s continued progress has left the bank awash with cash, which has resulted in a bumper return for shareholders.

'The interim dividend increase takes the ordinary projected yield to 4.8%, and with the special dividend of 16.8 per share, the yield is turbocharged to around 12%. In addition, the bank intends to continue this elevated level of returns while not discounting further share buybacks or even acquisition opportunities should they arise.

'Coupled with the intention further to reduce the government stake of 48%, there is much demand on the bank’s capital, which it is comfortably able to provide at these levels.

'Quite apart from the strength of the capital position, NatWest has also distanced itself from its peers by announcing a net release of £18 million for the half-year (or £46 million in the so-called “Go-Forward Group”), at a time when the other UK banks are returning to impairment provisions given a weakening economic outlook. NatWest, for its part, maintains that there are no emerging signs of stress among its customers, who are generally continuing to build individual war chests ahead of what could be a tough winter.

'At the same time, loan growth of 2.6% to £9 billion has been largely propelled by further growth in retail mortgages, despite headlines which might have been suggesting otherwise over recent months. Alongside a generally rising interest rate environment, traditionally positive for the banks, the Net Interest Margin has made more progress and currently stands at 2.72%, up from 2.46% in the previous quarter.

'Amid all the progress, there are some challenges on the near horizon, not least of which is the potential for further UK economic deterioration. NatWest remains committed to keeping close to any worsening trends, however, and in the meantime continues to increase prudent lending against the backdrop of a robust balance sheet. The government stake will continue to overhang the shares, although the direction of travel is becoming established in reducing the 48% holding further.

'The elements which have differentiated NatWest from its peers have also been reflected in a uniquely positive share price performance, as evidenced by numbers which have clearly delighted investors. Even prior to today’s surge, the price had risen by 14% over the last year, as compared to a gain of 3.8% for the wider FTSE100. Nor has this return diminished investor appetite, with the market consensus of the shares not only remaining at a strong buy but also maintaining the position of NatWest as the preferred play in the sector.'

smurfy2001
29/7/2022
09:12
Absolutely glorious and upbeat tone on the NatWest webcast. You can tell the CEO and CFO are enjoying reporting the results. Congratulations to the board.
smurfy2001
29/7/2022
09:00
Thaiger, further information in August from my understanding of the webcast. Sounds like September is when the consolidation will occur. I'll be sure to post if l find more information.
smurfy2001
29/7/2022
08:54
Huge volume today ~2.5m shy of average daily volume in just 2 hours.
smurfy2001
29/7/2022
08:53
Confuse by special dividend of 16.8p?What is the term of consolidation?
thaiger
29/7/2022
08:00
A little more information gleaned from the results:

The special dividend will return material capital to shareholders
whilst ensuring the UK Government's shareholding remains below 50%,
which the Board has determined is the interests of all the Group's
stakeholders. The proposed consolidation will be set to reduce the
share count as if we were buying back at the market price thereby
offsetting the dilutive impact to TNAV per share of the substantial
special dividend.

smurfy2001
29/7/2022
07:41
Natwest Group PLC reports results for the quarter ended in June – Earnings Summary
29 July 2022 08:37
Natwest Group PLC reported quarterly adjusted earnings of 12 pence​​ per share for the quarter ended in June. The mean expectation of six analysts for the quarter was for earnings of
7 pence per share.

Revenue rose 20.7% to £3.21 billion from a year ago; analysts expected £2.91 billion.
Natwest Group PLC's reported EPS for the quarter was 10 pence​.
The mean earnings estimate of analysts had risen by about 7.6% in the last three months.​
In the last 30 days one analyst negatively revised an earnings estimate
Natwest Group PLC shares had risen by 5.4% this quarter and gained 1.9% so far this year.
The company reported quarterly net income of £1.05 billion.
Wall Street's median 12-month price target for Natwest Group PLC is GBp300.00
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy," 3 "hold" and 1 "sell" or "strong sell."

smurfy2001
29/7/2022
07:24
NatWest said it would pay an interim dividend of 3.5 pence and a special dividend with share consolidation of 1.75 billion pounds, equivalent to 16.8 pence per share. Taken with an earlier buyback, the bank said it had paid out 3.3 billion pounds in the first half.
chinese investor
29/7/2022
07:12
I thought l was the only poster left here ! Welcome !
smurfy2001
29/7/2022
07:12
The share price blasts up through those gloomy moving averages.
It feels a little like Christmas!

polar fox
29/7/2022
07:10
I'm gonna sell at 280p !
chinese investor
29/7/2022
07:05
Up 17p !! Well done NatWest board !
smurfy2001
29/7/2022
07:05
5 minutes in auction!
smurfy2001
29/7/2022
07:04
4 minutes in auction!
smurfy2001
29/7/2022
06:48
Can someone explain how the special is returned?

Are they reducing the share count of your holding and returning cash?

Sounds similar to Aviva special if so.

smurfy2001
29/7/2022
06:29
Probably the best report that I've seen from RBS/NWG.

Here's the important stuff:

The 2021 final dividend was approved by shareholders at the Annual General Meeting on 28 April 2022 and the payment made on 4 May 2022 to shareholders on the register at the close of business on 18 March 2022.

NatWest Group plc announces an interim dividend for 2022 of GBP364 million, or 3.5 pence per ordinary share. The interim dividend will be paid on 16 September 2022 to shareholders on the register at close of business on 26 August 2022. The ex-dividend date will be 25 August 2022.

NatWest Group plc also announces that the directors have recommended a special dividend of GBP1,750 million, or 16.8 pence per share, and associated share consolidation, each will be subject to shareholder approval at a General Meeting on 25 August 2022. A circular containing details of the special dividend and share consolidation, as well as a notice convening a General Meeting of shareholders and a class meeting of ordinary shareholders and details of the resolutions to be considered at that General Meeting and class meeting, is expected to be published shortly. If approved by shareholders, assuming that all other conditions are satisfied, the special dividend is expected to be paid on 16 September 2022 to shareholders on the register on 26 August 2022. The ex-entitlement date for the special dividend will be 30 August 2022.

unquote

HMT will be delighted!

polar fox
29/7/2022
06:25
Fantastic update and profit beat estimates. How will the 16.8p special work? Sounds like it's not cash in the bank and a "share consolidation"?
russ1983
29/7/2022
06:02
- We are pleased to announce an interim dividend of 3.5 pence per share, up 17% on 2021 and a special dividend with share consolidation of GBP1,750 million, or 16.8 pence per share, subject to shareholder approval. Taken together these will deliver 20.3p of dividends per share.

- When combined with the directed buyback in the first quarter, the proposed interim and special dividends bring total distributions deducted from capital in the first half to GBP3.3 billion, or c.32 pence per share.

smurfy2001
28/7/2022
13:56
The latest Q2 Consensus has become available this week, on NWG Investors. Interesting read.

Regarding tomorrow's interims, the consensus is: 3.4p Ord. plus 1.8p Special, for a total of 5.2p.
For the year, the amounts are 10.1p and 7.5p, for a total of 17.3p - the discrepancy is explained in the notes.

We'll see tomorrow what the girls have decided and whether any Ord/Special split is indeed involved.

polar fox
28/7/2022
07:19
Lloyds increased their dividend by 19.4% for the interim from 0.67 to 0.80.
Barclays increased their dividend by 12.5% for the interim from 2.0p to 2.25p.

I reckon NatWest can better that given the huge buyback to date!

Here's hoping for at least a 1p rise.

smurfy2001
27/7/2022
19:09
Hoping for a 33% rise in the interim dividend from 3p to 4p. They can afford this thanks to the shares cancelled !
smurfy2001
27/7/2022
15:25
"BlackRock Invests in Communist China"

Sen. Tom Cotton, R-Ark., demands answers on BlackRock CEO Larry Fink’s involvement with the Climate Action 100+ initiative on ‘Mornings with Maria.

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VIDEO

johnwise
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