Natwest Share Discussion Threads

[arja] 16/9/2022 08:15

banks should not suffer so much in the USA inspired downturn as bond yields keep rising

[smurfy2001] 15/9/2022 15:08

I have a personal target at 310p.

This is the upper trendline.

[blackhorse23] 15/9/2022 10:18

https://www.google.com/amp/s/capital.com/amp/cury-currys-share-price-double

[smurfy2001] 14/9/2022 14:54

RBC raises NatWest price target to 340 (330) pence - 'outperform'

[polar fox] 13/9/2022 21:07

A bad day in NY, partly because a significant minority are talking about a possible 1% increase at the Fed's meeting next week.

[smurfy2001] 13/9/2022 11:46

UK Unemployment Falls to Lowest Level Since 1974

[polar fox] 12/9/2022 17:16

To be very precise, the gap was at 269.34 on the rebased chart, as I posted previously; today's close at 269.50 closed it. No further need to consider it.

[polar fox] 12/9/2022 16:01

I've taken this off the LLOY thread:

Truss’s Stimulus Set to Boost UK Lenders, Deutsche Bank Says.

The “extraordinarily loose” fiscal policy announced by UK Prime Minister Liz Truss is set to benefit UK banking stocks, analysts at Deutsche Bank said.

The package aimed at combating rising household energy costs will probably prevent a short-term collapse in the economy, and at the same time encourage further interest-rate rises from the Bank of England -- adding to margins on lending -- Robert Noble and Rohan Singhal wrote in a note to clients.

The combined effect could be a 13% increase in 2024 sector-wide earnings, they said, noting NatWest Group Plc and Lloyds Banking Group Plc would benefit most. Lenders’ share prices have a 40% upside, on average, they added.

Separately, strategists at Credit Suisse said Monday that the UK remains its top overweight and highlighted “very cheap” British banks as their preferred sector.

Lenders have outperformed even as the pound has slumped, reflecting the benefit of rising rates, according to strategists including Andrew Garthwaite. The sector is more resilient to potential loan losses than in prior recessions, they said.
unquote

[jordaggy] 12/9/2022 15:52

CPI data will be telling...

[smurfy2001] 12/9/2022 15:38

Portfolio is looking fantastic thanks to bank stocks and Natwest is a star. My strategy is continuing to hold until it looks like rates will be cut.

[polar fox] 12/9/2022 09:25

Banks doing very well, as you can see above. share price fast closing the gap down from 270 on the rebased chart. Remember, the new high for this year is 284, not 264.

[polar fox] 08/9/2022 14:28

Powell making fresh hawkish statements. Markets don't like it, as the charts above show.

[johnwise] 07/9/2022 08:05

4 candles

Now that Boris Johnson has given away UK energy independence, sacrificed at the altar of Zero CO2 this winter will be a third world experience for the British public..

Murmurs of 'sterling crisis' no longer fanciful: Mike Dolan

But the rare sight of the pound and UK government bond prices falling in tandem ever since sounds an alarm bell that there's something more awry than a love for the dollar or the ebb and flow of volatile currency markets.

[smurfy2001] 06/9/2022 18:02

Dividend and special are paid on the same day 😀

[antiquity] 06/9/2022 17:43

Payment date is 16th September

[tradejunkie2] 06/9/2022 16:43

This stinker should be 300p already.

[charlestuart] 06/9/2022 16:39

When is the special Dividend being paid?

[polar fox] 06/9/2022 14:35

The FTSE has been rising nicely since Friday morning, financials included - NWG is up around 18p since the 240p low then. For the record, the gap down after the bank holiday weekend was from 269.34 on the rebased chart (250.10 in old money). 270 is easier to remember.
With the Buffoon finally gone and interest rates continuing to rise - RBA up today, BoC probably up tomorrow, BoE next week, Fed the week after and so on - there's probably a decent S/T prospect of NWG getting back up to 270. That would tidy things up nicely.

[polar fox] 01/9/2022 12:00

Notice that ADVFN has finally got round to re-basing the 2-yr chart above - by multiplying all levels by the magic 1.076923077.

In practical terms, for example, the high was 264.10 on the 17th, that is now 284.4154. If you look at a one-yr daily bar chart, there is now a bearish island reversal on such a chart, as I've been posting about since the weekend. It doesn't show on the chart above, simply because ADVFN's setup isn't sophisticated enough to handle it properly. But there is a gap up at the end of July and a gap down last Tuesday and all the trading in between is clearly an 'island'. How the market deals with it S/T and M/T remains to be seen, but it's been downhill since Tuesday, of course.

If you have any questions regarding the TA, I'll be pleased to answer them (if I can). Remember, you can go to Google for the Investopedia write-up on a bearish island reversal.

[smurfy2001] 31/8/2022 15:52

From the RNS.

Number of Shares issued post consolidation (excluding 123m treasury and pref shares):

9,662,843,918