Natwest Share Discussion Threads

[smithie6] 07/11/2023 12:43

..I see some net curtains twitching !

[gcom2] 07/11/2023 11:44

should be 325 not 195....on all metrics

[smurfy2001] 07/11/2023 11:09

At a P/E ratio of 4, is the NatWest share price too cheap to ignore?

[netcurtains] 07/11/2023 10:48

Yep nice open

It would be great to be trading above 220 again

[smithie6] 07/11/2023 08:46

Any known reason for the 3p gap up ?
Press comment ??

[smithie6] 07/11/2023 08:07

Up about 3p at the open

Nice.

[smithie6] 06/11/2023 22:30

..5€/MWHr recently in Spain, wholesale price

...which comes from a daily auction/mkt

----

But yes, you make a valid point ...that it surely costs more than 5€/MWHr to provide that energy from wind turbines or solar panels....due to the cost to create & operate those assets.

It would be interesting to see a graph showing the price to build/provide it over the last 20 years, the price per MWhr , if remove inflation, has reduced a lot I think....& will keep doing so I think. (Although is land based wind power now not getting cheaper per MWhr to install since it is now fairly stable in design I think).

-----

You agree that it is very beneficial for a country to make its own green power rather than importing energy which is money leaving a country. Making, installing, operating green power in one's own country generates a fair number of jobs, which would not exist if that energy was just imported.

& of course burning gas to make electricity is not good for the planet....or global warming.

[maxk] 06/11/2023 21:38

You need to do a bit of research into the costs and benefits of green power Smithie.

Cos cheap it aint!

[smithie6] 06/11/2023 20:54

Johnwise
...did you see the news from Portugal
...6-7 days & all power demands powered by green power

Scotland also clocks up days-periods with a high % of demand being powered from green power

Cheap power in Spain in recent days. 5€/MWhr on Sunday 5th Nov.
Versus 300€/MWhr during the peak periods in 2022.

Summary
1) The world is changing.

2) cheap power is actually a big financial boost to the economy imo since if the public spend less on energy they will have more cash left to spend, & that helps the economy go around & provide jobs.
And if energy costs fall then inflation falls, which is good for everyone.

[netcurtains] 06/11/2023 18:46

Dope007 filtered

[johnwise] 06/11/2023 17:12

VIDEO

'Net Zero is a suicide pill for the British economy, nothing more, nothing less'

Marcus Gibson

GB NEWS

[smithie6] 06/11/2023 16:38

...but she has already departed...

[dope007] 06/11/2023 15:23

A human or a woke lefty moron?

[skinny] 06/11/2023 14:37

Depends on the human!

[smurfy2001] 06/11/2023 14:24

NatWest's new AI-powered chatbot 'will be just like talking with a human'

[smurfy2001] 06/11/2023 14:05

Recovery play from Nov to Feb.

[arja] 06/11/2023 13:46

yes , now in short term uptrend as chart shows and probably more in it . I have no time to study the fundamentals but are there still problems which have to be overcome ?

[smithie6] 06/11/2023 12:42

Up to 190.0p

:-)

(Slow down, I just can't spend the gains at this fast rate !!)

[smithie6] 06/11/2023 11:32

Up thru 189.0p

[careful] 06/11/2023 08:57

Fewer branches, fewer people....this bank could become very profitable again.

[maxk] 06/11/2023 08:52

NatWest AI chatbot to provide ‘human interaction’ amid mass branch closures

Bank’s upgraded digital assistant will be able to hold life-like conversations with customers

By
Matthew Field
6 November 2023 • 6:00am




NatWest is to launch an artificial intelligence (AI) chatbot that it claims will provide more human interaction to customers after closing hundreds of bank branches in recent years.

The bot, built using technology from IBM, will employ so-called “generative” AI technology, similar to that of ChatGPT, which can hold human-like conversations with customers looking for information about the bank.

The revamped chatbot will be known as Cora+, building on a current digital assistant that NatWest offers on its websites.

The company’s Cora+ bot will be able to explain details about products and services to customers in a conversational style, offering up links to useful information or services.

The expansion of its chatbot tool comes amid fears that AI bots will replace millions of office jobs. NatWest said it would still always be possible to speak to a customer services representative on the phone.

NatWest Group, which includes Royal Bank of Scotland and Ulster Bank, has shut down 1,314 branches since 2015, according to consumer group Which?. In September it confirmed it would close 143 locations across 2023 and 2024.


The FTSE 100 lender, which also owns the private bank Coutts, first launched Cora in 2018 as a question and answer bot. Customers can currently use it for queries such as checking recent transactions or requesting a new card. The updated bot will be able to answer more questions in a conversational style.

Wendy Redshaw, chief digital information officer at NatWest’s retail banking division, said the upgrade would “help make Cora feel even more ‘human’”.

Asked whether the expansion of its AI tools could ultimately impact jobs, a NatWest spokesman said: “That’s not the intent, we see AI in the future being used side-by-side with our colleagues to enhance productivity and the experience for customers.

“If Cora can’t help, customers will be referred to one of our colleagues for support.”

On the wider impact of AI, Paul Taylor, managing director at IBM, said: “Do we see wholesale replacement of roles? Not really, we see people using AI to augment what they do and do things better, rather than replace.”

[smithie6] 06/11/2023 08:32

Steamed up thru 188.0p

[smithie6] 06/11/2023 07:42

I'm hoping that we clear 190.0p today

[smithie6] 05/11/2023 18:10

Flyer61 wrote
"They no doubt have a vast number of people involved in non jobs as it continues to act like a minor Government department"

You have any proof at all to justify that claim ?

Or you just invent stuff as you fell suitable.

A big bank will have many staff doing things which you might consider superfluous but that are needed :-
Human resources staff.
Risk analysis staff.
Banking rules compliance staff, including monitoring the bank's lending ratios, liquidity ratios & predictions for 1, 3, 6, 12 & 24 months.
Tax specialists.
Legal specialist(s).
Financial modelling specialists, impact on the bank's compliance with lending & liquidity ratios for negative scenarios 1-10.

These people are needed.
However, if you able to provide all these specialist services yourself, instead of the bank employing these different people, give the bank a call !

;-)

[smithie6] 05/11/2023 18:01

Flyer61
"what you need to understand is that Nat West used shareholders money to create or purchase that app."

The carbon footprint part of the Nat West app. was/is from a company in NZ.

The annual cost to the Nat West is surely completely irrelevant wrt the Nat West annual profit.

It is a non-story imo.