Natwest Share Discussion Threads

[dealerman] 19/11/2023 17:10

Thank you Goodnight1

[goodnight1] 19/11/2023 11:43

Barclays said it had upgraded NatWest on signs of slowing deposit migration, and now sees it as best placed to overcome term-funding risks.

It looks for a substantial rebound in net interest margin and earnings, ahead of consensus, driven by a best-in-class structural hedge tailwind.

“As well as now being 10% ahead of consensus 2024E PBT, we see NatWest as able to comfortably deliver a double-digit RoTE over the medium term, even in the unlikely event of sharp rate cuts or a significant re-acceleration in deposit migration,” it said.

Barclays remains positive on Lloyds, rated overweight and has raised its price target to 67p from 65p, but prefers the better NIM trajectory at NatWest, underpinned by its best-in-class structural hedge yield, which is set to comfortably overtake that of Lloyds.

Barclays has moved NatWest to overweight from equal weight with a 330p price target, well above today's 205p share price.

[action] 19/11/2023 09:52

Sharecast.Barclays upgrade natwest from equal weight to over weight due to sign of slowing deposit migration

[dealerman] 19/11/2023 08:36

According to the Times, Barclays came out with a note saying NWG earnings will rebound. If anyone has this note and can post it........

[smithie6] 16/11/2023 13:58

..Divi....when ?

[smurfy2001] 16/11/2023 13:32

Looking at the consensus (20 October 2023) DPS is 17.3p so a potential final dividend of 11.8p (vs previous 2022 final of 10.0p) with 8.7bn shares in issue.

NWG currently has 8.82bn shares in issue.

[smithie6] 15/11/2023 11:05

Should be over 300p imo.
....which is where the share price was about 1 year ago
...& the profitability is higher now !

[polar fox] 15/11/2023 09:24

I'm talking about the Q3 collapse, when the prior overnight was 205.80.

[smithie6] 15/11/2023 09:11

On the chart it has to get to 230p to achieve that, not 206p.
...at the current rate that won't take too long !

[polar fox] 15/11/2023 08:27

The share price has recovered all the loss it suffered, when it collapsed to 168.30.

[polar fox] 15/11/2023 07:55

Almost at 7500. That's better.

[polar fox] 15/11/2023 07:28

FTSE has managed a maximum rise of about 45 pts so far, on IG. A bit disappointing maybe considering Asian markets are very strong today.

[polar fox] 15/11/2023 07:06

Bingo.

CPI 4.6 vs 4.8 consensus
Core CPI 5.7 vs 5.8 consensus
RPI 6.1 vs 6.4 consensus
But the FTSE up only 30 or so as I type this, on IG.

[chiefbrody] 14/11/2023 17:09

Madness indeed. Best thing that can happen to this rabble is to be truly massacred at the polls. As a right winger, this party does not represent me whatsoever.

[polar fox] 14/11/2023 15:19

In a moment of madness, I've just placed a bet on No Overall Majority at the next election @ 4/1, the best available on Oddschecker at present. Interestingly, the bookie immediately shortened to 7/2!
Gut feel, which is all it can be this far out.
Cabinet reshuffle, CPI around 5% tomorrow, Autumn Statement next week. Goodies of some sort at the next Budget. Lower interest rates next year. Question marks against Starmer and the clear lack of real talent in the Shadow Cabinet. All sorts of factors.

[smurfy2001] 14/11/2023 14:17

US stocks and bonds jump after inflation falls to 3.2%

Make or break tomorrow morning as we learn of UK CPI.

[polar fox] 14/11/2023 14:11

In NY, ahead of the opening bell, the DOW is up over 350 on IG - the prospect of lower rates.

Bets are now that the Fed will cut rates FOUR times next year......that has to influence the BoE.

[smithie6] 14/11/2023 13:55

Polar fox

Your inflation predictions look like good news for NWG shares imo.

[polar fox] 14/11/2023 13:46

Favourable US inflation has caused the spike. See charts above. CPI down from 3.7% to 3.2%, better than the consensus at 3.3%.
Tomorrow we get our own CPI. The consensus is a drop from 6.7% to 4.8%, mainly due to last October's 2% monthly increase dropping out of the annual calculation, as I posted recently.
Core inflation remains important and the consensus is 5.8% from 6.1%.
RPI also has a sharp drop, to 6.4% from 8.9%.

All the above has implications for softer interest rates, in due course.

ADD: Expect the gov't to fill the media with claims that they are responsible for the CPI drop all day tomorrow. They are not, but Downing Street never lets the facts get in the way of claiming credit for something positive for voters....

[smithie6] 14/11/2023 13:44

"How can we improve the standard of living for all of those recent immigrants"

...you think that the Govt or the society has a duty to illegal immigrants.....that are here illegally ??!!