Natwest Share Discussion Threads

[smurfy2001] 02/10/2022 15:50

UK banks set for bumper profits despite mortgage market freeze

Each additional 10 basis point rise would add close to £1bn in net interest income a year.

[smurfy2001] 30/9/2022 23:27

In 2019 Natwest had 11.2B shares in issue today 9.6bn so a reduction of 1.6bn TD.

[smurfy2001] 26/9/2022 15:41

gcom2, was quite a good call me thinks ;)

Today's price has now hit the 200 day MA so hopefully some support!
RSI is almost oversold.
There's a gap around 242 to fill.

[gcom2] 26/9/2022 12:31

Still overbought on RSI smurfy?I doubt it somehow

[hllpri] 24/9/2022 13:56

I suspect that something fishy is going on with the Nat West share price.
Yesterday can only be described as a day of disaster for the share price.
Most shares in the Market tumbled but Nat West's fall outstripped the majority.

You would expect that with such a significant fall that there was a large number of sellers eager to make a disposal at any price. If you look at the total transactions, the opposite is true. 40 million shares were bought whilst only 10 million shares were sold. The timing of the aquisitions also shows it is not true that a large majority of the 40 million shares were bought in the first two hours of dealing since both the timing of acquisitions and disposals were relatively similar throughout the day.

If the objective of this was to spook some short term holders into selling, this could well happen on Monday since some short term stop losses are likely to have been breached.
Since this is the largest shareholding in my portfolio, I intend to continue holding
since the shares have an attractive yield allied to the fact that a period of inflation always generates additional profits for banks. The dealing spread between lending and borrowing is more pronounced in the banks favour during such a period.

[polar fox] 24/9/2022 09:32

awanm,

3769 looks about right, although you don't provide enough detail to be absolutely accurate, perhaps because you don't yet have it??

3760 reduces to 3491 with 13 for 14. You got 47 from the ordinary div. of £131.60 on 3760, that is 2.8 per. The special is £631.68, divide that by 2.8 = 225.6.
3491+47+225 = 3763. Not too far away, given the lack of precision.

[polar fox] 23/9/2022 11:43

Indeed and all so predictable, with the bunch of strays who now make up the Cabinet.
£ sliding, gilts being dumped and on and on. We could be heading for some sort of financial implosion.

[largeronald] 23/9/2022 11:26

Looks like the born again brexiteer's plans to make Britain great again have certainly impressed the markets.

[awanm] 23/9/2022 10:25

Pre the latest dividends (reinvested) I held 3760 shares. I reinvested the latest dividends. Which means the 3.5p dividend resulted in 47 shares being added. Today , my account is showing as holding 3769. Have read through the posts but still unclear. Where has the special dividend gone? on the 16th sept I have a cash credit of 631,68 GBP but then on the 21st the same amount is shown as a "debit journal". Confused.com
Thanks

[smurfy2001] 22/9/2022 14:27

20 day ma providing support.

[polar fox] 22/9/2022 14:23

I see the Chancellor is due to make his Statement at 9.30am tomorrow. What a time, on a Friday, to deliver heaven knows what scatterbrained decisions. Markets are going to be all over the place.

[largeronald] 22/9/2022 13:11

It'll be on the gravestone of the UK economy.

[polar fox] 22/9/2022 12:40

You might as well put that on your gravestone!

[largeronald] 22/9/2022 12:14

Still - we've got our sovereignty back. That's the main thing.

[largeronald] 22/9/2022 12:14

0.5% rate rise. Pound heading for parity with the Matabele gumbo bead.

[smurfy2001] 22/9/2022 12:13

Pretty sure recent revenue targets for Natwest were at 2.00% rates now they are higher i'd expect Natwest to report even higher revenues/profits assuming the UK economy doesn't go to pot.

[polar fox] 21/9/2022 14:53

Go to the LLOY 'On topic', where there is a full explanation of the likely reason - it involves a possible QE change, bank profitability and related issues.

[chiefbrody] 21/9/2022 14:43

Wtf happened at 1. Somebody press a red button?

[smurfy2001] 21/9/2022 13:27

A slight reduction in the government holding to 46.91% from 47.99%

[blackhorse23] 20/9/2022 00:15

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

[smurfy2001] 16/9/2022 13:00

Looking overbought RSI

[gcom2] 16/9/2022 12:17

City index paid it August 30th

[smurfy2001] 16/9/2022 09:26

All dividend money received.

Lovely.

[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.