Natwest Share Discussion Threads

[smithie6] 03/11/2023 08:46

..have you been drinking ??!!

No politician is ever going to propose doing stuff like that.....since they would not get elected.
So you can relax.
The Government is chosen by the people. If any party tries to interfere in people's personal lives too much they just won't get elected.

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Are you scaremongering because you want to hold back the share price while you fill up with volume ?

[johnwise] 03/11/2023 08:37

NatWest accused of 'intrusion' after starting new function that combs customers' accounts to track their carbon footprint


"Well, this is just the beginning. The UK Government is at an advanced stage in the implementation of a CBDC or Central Bank Digital Currency. Once this is introduced there will be no more physical cash. Then the control measures will really start to bite.

They can decide when, where, and on what you spend your "money". They can, for example, decide that your card won't work if you travel to certain places, or attempt to by certain goods or services.

They can set any measures they wish. Let you buy a train ticket, but not a plane ticket, because your "carbon allowance" is too high. Bet you didn't see that one coming did you? It's all part of the plan.

Absolute control, an open prison, say something they don't like, your card won't work. Question something, your card won't work. This is your future. "

[smithie6] 03/11/2023 08:32

185.9p now

Pushing on 186p.

Keep on trucking.

[smithie6] 03/11/2023 08:14

Share price up thru 185p.

Up strongly from yesterday morning's 177p !

[smithie6] 03/11/2023 07:45

...'vegan bankers'
...it's a non story imo

It is to do with carbon footprint. In the banks app users have the option to activate a feature that tries to estimate their carbon footprint, based on how much they spend.

Whether it will be effective in making any reduction or not is another question.

The bank just needs to be careful & not cross the line of privacy or meddling in people's lives.
Santander bank has the same feature in their app as well.

The feature is made by a company in New Zealand.

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I think that every listed company is now doing some reporting about their carbon footprint & what they are doing to reduce it. So, I guess it is probably a legal requirement.
How times change.
In 1980 Greenpeace was trying to convince people to save the whale. And society wasn't interested in being green. Whereas now it is. But still a lot of things need changing, society's use of landfill for waste & millions of tonnes of it, that should change but society is not yet willing to produce less waste.

[jubberjim] 03/11/2023 06:57

I don t know what s behind what I think is a massive disconnect between this Barclays and Lloyds but bought more

Had to sell something else but think it will be worth it

I hope so

[netcurtains] 02/11/2023 20:20

This looks about the best recovery banking stock in the FTSE 100....
And apparently its vegan too...

What is not to like?

This stock is going places...

Touchwood.

[smithie6] 02/11/2023 17:54

...as an investor in the banking sector

I expect banks to reduce the % paid on new 1 & 2 yr deposits....or to just stop offerring them completely !!

Due to the risk of losing money on them if the daily % rate falls during the 1 yr & 2 yr periods.

If banks were to do that then it should help share prices in the banking sector. ;-)

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Ah, and of course, if the interest rate paid on 1 yr & 2 yr deposits falls (& the % paid on gilts also falls) then equities become a bit more attractive to investors relative to gilts. If supply/demand changes then share prices change. (NAT West shares rose ~5p today, without blinking).

Nat West shares were ~300p last year, with the 9 month profit of £2.3 bln, versus £3.3 bln this yr. My guess is that the NWG share price will rise.

[polar fox] 02/11/2023 15:08

Worth noting, from the Governor today:

On that front, there's some good news. Inflation has fallen significantly and we expect it to fall significantly further, probably to below 5%, when the data for October are published in a couple of weeks. Our previous increases in interest rates are working to bring inflation down.
unquote

CPI will be updated Nov.15. The main reason for the sharp drop, is that last October the monthly inflation increase was exactly 2% as Ofgem jacked up tariffs. That 2% will drop out of the annual calculation, from last month's 6.7%. I believe he has said this today to try to make sure that monetary policy gets the credit for reaching 5% and not Sunak and Hunt, who will claim it for themselves anyway, of course.

[smithie6] 02/11/2023 13:20

..fell back....went sideways

& now up thru 181p again, in a rapid rise.

& up thru 182.0p

[smithie6] 02/11/2023 10:03

Steamed thru 181.0p

[smithie6] 02/11/2023 09:54

... it's definitely behaving strongly today.....& bouncing back nicely from the dip to 176-177p

Fingers crossed it shows a support/bottom price.

[retsius] 02/11/2023 09:41

Bottom in?

R.

[johnwise] 02/11/2023 07:53

Over 70,000 construction firms on financial brink as recession looms


The Q3 Begbies Traynor ‘Red Flag Alert’ report has highlighted “serious concerns” with regard to the outlook for the construction, real estate and property services sectors, as critical financial distress jumps 46% and 38% respectively on Q2.

Tens of thousands of UK companies are in a critical financial situation as the pressure of higher interest rates, resilient inflation, and weaker consumer confidence take their toll.

These headwinds are increasingly widespread, particularly within the construction and property sectors, with over 70,000 construction firms and more than 51,000 real estate and property services firms in significant financial distress.

Almost 6,000 construction firms are in much more critical situations.

With many UK companies accustomed to years of near-zero interest rates and access to government-backed Covid support loans, the new world of elevated interest rates will continue to push many businesses to the brink of failure.

Julie Palmer, partner at Begbies Traynor, said: "The construction industry, which has long been a bellwether for the health of the economy, looks particularly vulnerable with over 70,000 firms now in significant financial distress and circa 6,000 in much more serious critical financial distress — often a precursor to formal insolvency.

[scania320] 02/11/2023 06:29

Yp to what threshold?

[smurfy2001] 01/11/2023 15:11

House prices see biggest monthly rise for more than a year

[smurfy2001] 01/11/2023 09:50

FED rate decision today expected to stick.
BOE decision on Thursday same as FED, stick.

[smithie6] 01/11/2023 09:48

Off thread post but it is for the same sector, banking shares.

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..another bank share that I like, btw, is Lse:mfx

Manx Financial

I don't know if other posters have ever taken a look at it.
Also on a low p/e ratio.
Compared with the big banks it has a much higher growth history.
And it has bought 50.1% of a company that does lending via Halfords, & other car service places to clients to fund new tyres etc. That company (Payment Assist Ltd) is growing nicely. MFX has option to buy the rest of the company.
And MFX has recently obtained a licence to take deposits from the public in the UK, which should help its growth.

[smithie6] 01/11/2023 09:36

Tim 3
Thanks

[tim 3] 31/10/2023 22:36

To clarify interest from a gilt is taxed as income but they are free from capital gains tax .

[tim 3] 31/10/2023 22:15

Yes if you look at the eighties then 10% yields or more were not uncommon but I think that's unlikely here especially considering this time we have risen from nearly zero rates and virtually everything I have read says the current rates are unsustainable long term let alone further rises.That's not to say there won't be another rise short / medium term.But I strongly believe in 5 years time rates are likely to be lower than now.

[careful] 31/10/2023 21:54

UK Gilts have been irresistible recently.
All durations.
Bought a selection of short medium and longer. 2044 longest.

These longer bonds have collapsed in price more than halved.
Feel sorry for those with so called low risk pension funds heavily into bonds thought to be low risk.

But 10 year interest rates have been much higher in past tmies of high inflation.

The madness of QE when our free spending government tried to prevent financial collapse by issuing Gilts at low interest rates and bought them themselves.
A financial perpetual money tree.
Now they are stuck with billions of gilts with a collapsed market value, up to £300bn loss.
No such thing as a free lunch after all.
My guess is that inflation will collapse along with slightly lower interest rates.

But a 5% yield + a 3% capital gain is a good return for serious investors.
Risk free (almost)