Natwest Share Discussion Threads

[chinese investor] 05/1/2023 15:33

smurfy,
I'm looking at 300p plus !

[smurfy2001] 05/1/2023 15:30

Chinese, i'd be asking the question why would you sell no harm in taking a profit l guess!

Banks will be making record profit and NIM will only get higher as the BOE increase rates further.

I have a target of 318p this year.

I expect increased dividend, directed buyback from gov and further buybacks.

Good luck and enjoy your profit if you sell.

[chinese investor] 05/1/2023 15:27

..but do I ?

Chinese Investor (NWG) 29 Jul 2022 - 07:10:23
I'm gonna sell at 280p !

[smurfy2001] 31/12/2022 14:01

NatWest chief executive Alison Rose, the first woman to head a major UK bank, will receive the honour for services to the financial services sector.

[polar fox] 31/12/2022 08:28

Rose made a dame in the NYHList.

[smurfy2001] 29/12/2022 01:53

By Roland Head. I think FTSE 100 bank stock NatWest Group (LSE: NWG) offers investors the opportunity to profit from strong earnings growth and a market-beating dividend yield.

Rising interest rates are providing a long-awaited boost to the bank’s profits. NatWest’s net interest income rose by £771m to £2,640m during the third quarter. This helped to increase underlying profits for the period by 76% to £1,333m.

One risk is that late payments on mortgages and other loans could rise next year if the UK economy continues to slow. NatWest set aside an extra £247m to cover possible future losses during the third quarter, but management say there’s no sign of any repayment problems yet.

Broker forecasts suggest earnings will rise by a further 31% in 2023. Despite this strong outlook, the stock currently trades on just six times 2023 earnings with a dividend yield of 6.1%. I see NatWest as one of the best stocks to buy for 2023.

[smurfy2001] 23/12/2022 20:12

Gov holding reduced from 46.91% to 45.97%.
Should help fund the winter fuel bills 😂

Shares outstanding 9.66bn

266p serving as resistance.

[polar fox] 23/12/2022 12:40

Interesting that you should mention him. I happened to re-check his Twitter account a couple of weeks or so ago and was surprised to be given access to around half the twenty tweets on the account - I suspect because Elon Musk has screwed everything up and the account protection was temporarily partially not operating properly.

It was his account alright; there were tweets from 2011, 2013, 2015 and 2017. He was recommending shares to buy, even including RBS! Almost every tweet mentioned ADVFN and provided appropriate links relevant to his recommendations.

I see it as conclusive evidence that he did leave us two Decembers ago - amazing how time flies. I haven't been able to access the account since, including today - it was serendipity.

[iomdm] 23/12/2022 12:11

Happy Christmas everyone. Thinking of you Leedskier, where ever you are, possibly looking down on us all.

[smurfy2001] 03/12/2022 22:45

BOA raises price target from 415p to 430p

[polar fox] 30/11/2022 21:57

Looking good for tomorrow after Powell's speech this evening pointing to smaller rate increases from December's meeting. NWG, LYG and BCS finished higher than London's close as NY markets rocketed up from 6:30pm our time.

[largeronald] 30/11/2022 21:08

Part of Brexit race for the bottom more like.

[smurfy2001] 30/11/2022 19:43

UK to Relax Ring-Fencing of Banks as Part of Brexit Big Bang

The UK government will relax the ring-fencing of banks as part of efforts to deregulate the City of London and get a “Big Bang” out of Brexit, according to a person familiar with Treasury plans.
Ring-fencing requires banking groups to separate their retail banking services from their investment and international banking activities. It was part of the government’s response to the global financial crisis in 2008 and was aimed at protecting UK retail banking from shocks emanating from elsewhere. 

[polar fox] 29/11/2022 15:24

Over 260 for the first time since September - from the wave pattern, it can go higher.

[blackhorse23] 29/11/2022 08:35

Best cyber Monday deal at CURY. https://www.independent.co.uk/extras/indybest/black-friday/currys-black-friday-deals-cyber-monday-best-sale-2022-b2233839.html

[smurfy2001] 26/11/2022 12:12

The overall cost, according to figures buried in last week's Autumn statement, is now forecast to reach an astonishing £6.5billion, making it the most expensive taxpayer bailout since the fall of RBS during the 2008 financial crisis.

[polar fox] 17/11/2022 12:00

Banks are rising faster than the FTSE.

[polar fox] 16/11/2022 07:08

Worse than expected at 11.1% and 14.2%. And it looks like it will be higher in January.

[polar fox] 15/11/2022 12:42

Sunak has been grilled by Chris Mason today over in Bali. Some of the questions were related to the Autumn Statement and he declined to engage at all only two days ahead of Hunt speaking. But he did say, at least three times, that dealing with inflation is the government's top priority. He made no mention of tomorrow's ONS release or otherwise prepare the ground, but he must already know the numbers. Political naivety or what?

If the consensus numbers turn out to be about right, it's easy to see a huge amount of political pressure being put on Captain No Balls and his spineless MPC crew to continue raising rates, whether they like it or not. Next MPC is mid-December, right after the Fed.

[polar fox] 14/11/2022 07:12

The consensus inflation numbers for Wednesday are out.

For October's y/y CPI, the consensus is an increase from September's 10.1% to 10.7%. Trading Economics' own forecast is 11.0%.
For RPI, the consensus is an increase from 12.6% to 13.5%. Trading Economics' own forecast is 13.7%. RPI matters, because interest rates on much of the UK's debt are linked to it.

These types of increases are the last thing the gov't will want on the day before the Autumn Statement. The media, especially the BBC, will spend all day Wednesday going on about inflation and so will the newspapers on Thursday morning.
Most probably, the BoE will again be the target of some criticism for moving its base rate up 'too slowly', specifically in comparison to the Fed and the fall in US CPI last week.

Should be quite a week, beginning with the latest earnings data and employment statistics tomorrow.

[smurfy2001] 10/11/2022 12:04

Closed trade @ 237 for 12.3 points.

===

smurfy200128 Oct '22 - 10:05 - 1644 of 1671 Edit
Bought @ 224.70.

[donald t] 06/11/2022 00:18

Go woke go broke.

[donald t] 05/11/2022 23:35

I shall be terminating my NatWest account following their recent advertising campaign. Ridiculous

[smurfy2001] 04/11/2022 23:40

Credit Suisse has upgraded its NatWest guidance following what the Switzerland-based financial institution considered a strong third-quarter earnings call from the bank.

Pre-provision profits came in 7% ahead of expectations, profit before tax was 3% ahead, and year-end revenues and net interest margins were upgraded.

Accordingly, Credit Suisse increased adjusted earnings per share for 2022-24 by 4-7%, with target price improved from 350p to 370p.

Costs are expected to increase from the proof flat guidance, so 4% year-on-year cost growth has been factored into the assumptions.

“Our estimates factor an increase in the Bank of England (BoE) rate to 3.5%, on deposit betas of 55%, for the November and December hikes which may yet prove to be on the modest side,” said Omar Keenan, co-head of Equity Research.

Credit Suisse maintains an ‘outperform217; view, though risk factors include lower-than-expected BoE rates and a worse UK macroeconomic outlook.