Natwest Share Discussion Threads

[jubberjim] 07/1/2024 18:01

Is there any indication as to what the final dividend is anticipated to come in at

Back at the time of the interim dividend I did hear a final dividend of 10 pence was anticipated
Making a total of 15.5 pence in total or have I got hold of the wrong end of the stick

Any insight would be appreciated

[netcurtains] 07/1/2024 11:25

Is she related to the old CEO of M&S - Stuart Rose?

[tradejunkie2] 07/1/2024 11:13

Quids in Jim, i'm that good, Rose is gone.

[tradejunkie2] 07/1/2024 11:12

====


TradeJunkie231 Oct '23 - 13:03 - 2707 of 2939 Edit
0 4 1
First trade kitty cats.

Buy £25,000 @ 177.75.

[tradejunkie2] 07/1/2024 11:12

FAO of above plonka.

[jubberjim] 07/1/2024 07:04

The biggest challenge facing NWG is the unfortunate fact that the upper echelons of the management don t engage their brains before opening their mouths.

Looks to have reached a plateau and likely to struggle from here on in.

But this is in line with likes of Barclays and Lloyds

My holding is overweight in Lloyds at moment and I will buy Barclays and Nat West nearer results but dependant on market recovering it's nerve.

At the moment most of my exposure is in Insurance

Avoiding housebuilders DIY and retail especially the 'Chav Favourites'
Boohoo Doc Martens JD Sports and Super dry

What is wrong wiv the yoof of today.

Is wicked innit

Take care everyone

[maxk] 05/1/2024 09:11

Back to the good ol days?




Getting onto the property ladder is not that difficult, the chairman of NatWest has said, as it emerged the average UK house price rose last year despite a downturn in the sector.

Sir Howard Davies said people “have to save and that is the way it always used to be” if they want to buy their first home.

It comes as data from the lender Halifax revealed the average price of a UK property reached £287,105 last month, with prices rising by 1.7pc during 2023 despite interest rates hitting 15-year highs of 5.25pc.

First-time homebuyers typically needed to save a deposit of 20pc to buy a home in 2022, according to the latest data from Statista.

Asked why it is so hard to get onto the property ladder, Sir Howard told BBC Radio 4’s Today programme: “I don’t think it’s that difficult at the moment.

“You have to save and that is the way it always used to be.”

He added: “What we saw in the financial crisis was the risk of having people being able to borrow 100pc in order to get onto the property ladder and then suffering severe falls in the equity value of their houses and having to leave and having a bad credit record.

“There were dangers in very very easy access to mortgage credit.

“I totally recognise that there are people finding it very difficult to start to process.

“They will have to save more but I think that is inherent in the change in the financial system as a result of the mistakes that were made in the last global financial crisis and we have to accept we are still living with that.”

[polar fox] 04/1/2024 14:28

So Sunak comes close to ruling out a May GE, with commentators now going for polling day in October or November/early December. Nov.21 mentioned.
As far as NWG is concerned, it means that HMT can continue selling (aggressively?)
through the summer and, if Hunt does announce a Public Offer, there would be sufficient time to wrap that up before polling day. Obvious implications for the SP, relative to the sector.

The latest MRP Regression polling is out today, based on December's polls (15,469 people). LAB's lead over the CONs is 3% smaller than a month ago resulting in:
LAB 412 CON 157 LD 30 SNP 28. Just a snapshot, of course, changes every month.

[polar fox] 03/1/2024 14:23

It's also possible that Hunt wants the holding just below 35% by the time he stands up, so that he can announce something specific, incorporating round percentages, regarding a Public Offer, on 6/3. The Sids out there will probably understand round percentages better!

Notice that no one ever mentions the book losses resulting from HMT selling around these price levels. It's all about politics now, saving the Tories from losing power.

[smurfy2001] 03/1/2024 12:36

Looks like Natwest are slowly reducing their treasury shares and so the buyback is essentially keeping us around the 8.8bn number of shares outstanding.

[polar fox] 03/1/2024 12:29

From the RNS:

The percentage of voting rights held by HMT in NatWest Group plc (NWG),
as shown on this form (36.94%), has been calculated following the disposal
by HMT of 91,097,634 ordinary shares in NWG since its last TR-1 notification
on 11 December 2023.
unquote

Interesting to see how aggressively HMT has been selling since 11/12 for this percent, largely in a range of 215-225. Explains the sideways move on the chart.

Ahead of the giveaway Budget, the gov't wants to gather in cash from any and all sources! It's possible we could get another TR-1 towards the end of this month.

[smurfy2001] 03/1/2024 12:10

Probably going to be compounding at 7% yield in the ISA (or even higher if the final is as consensus) so pleased to wait.

[kiwi2007] 03/1/2024 07:37

LEX - FT

" Even NatWest, which has the confidence to promise a 14-16 per cent ROTE, gets little respect. Its shares trade a fifth below its tangible net worth. UK banks need to get their ROTE into the mid-teens or higher to cover their cost of capital. While Barclays has some way to go, NatWest looks undervalued......"

It spent 4 months (July - Oct) bouncing up from the 220 level and now it's spending time bouncing down from it. I wish these traders would make their minds up.

As LEX says it's probably the best of the domestic banks . I think patience will pay off..

[smurfy2001] 30/12/2023 23:20

Well it's part of the DailyMail so...

[chiefbrody] 30/12/2023 19:41

£150 a month no big deal. Report makes it sound like the Apocalypse lol.

[smurfy2001] 30/12/2023 15:58

More than a million Britons face £1,800 mortgage payments hike in 2024



Fantastic news for bank shareholders! 😁

[smurfy2001] 28/12/2023 00:31

NatWest's year of reckoning: Bank which was once a basket case faces public sale in 2024

[kiwi2007] 27/12/2023 20:52

Valuations in the UK banking sector are well below the long-run average. NatWest has had its own challenges this year. Concerns about corporate governance led to significant changes to the board of directors. More recently the group’s seen a greater than expected rush by its customers switching to higher interest longer-term savings products. That’s impacting profitability. Based on analyst forecasts for forward earnings, the valuation is now at close to 10-year lows.

But there‘s a lot to be positive about.

Management are confident that the drop in net interest margin (a measure of profitability in borrowing/lending), will be less pronounced in the final quarter of 2023. In 2024 things are expected to stabilise, although there can be no guarantees.

Provisions set aside for debt defaults were better than first thought and full-year guidance remains intact. This is something to keep a close eye on, but default levels are staying low for now.

We don't think NatWest is top of the pack when it comes to the quality of its mortgage book. But on the flip side, NatWest boasts one of the lowest levels of higher-risk unsecured lending in the sector.

Costs are an ongoing point of note, and a key focus for the new CEO. We've been pleased to see continued progress on reducing the cost:income ratio (51.4% third quarter) – medium-term targets look for sub 50%.

Keeping costs in check is an ongoing challenge, especially in a high-inflation world. Running on a CET1 ratio – which essentially shows how well capitalised banks are – of 13.5% is still very comfortable. We think this underpins the 7.4% dividend yield, although no dividends are ever guaranteed.

NatWest is poised to benefit from some of the structural tailwinds that should lift sector earnings over the medium term. Mortgage pricing is currently a pain point, as more profitable business written over the pandemic is replaced. That should be a headwind that eases over 2024.

There's also the benefit from the structural hedge to come through – think of this like a bond portfolio that's set to roll on to better rates over the coming years.

All in, at current valuations, the potential for returns over the long term look attractive for both the business and shareholders, although of course there are no guarantees.

hxxps://www.hl.co.uk/news/articles/opportunity-in-unloved-companies-3-value-share-ideas

[kiwi2007] 27/12/2023 20:51

Banging on the 220 door - but no one answering :o(

[polar fox] 27/12/2023 13:28

Hunt has set the Budget for 6 March, earlier than usual. Will there be a GE on 2 May?
Let the speculation begin!

Guardian:

Spring budgets are typically held in March, although the choice of a date at the beginning of the month leaves open the possibility of a snap general election before the summer by allowing the government time to prepare the ground.

To coincide with local elections across England on 2 May, parliament would have to be dissolved in March. Under the rules, which have changed since the abolition of the fixed-term parliaments act, an election takes place 25 working days after parliament is dissolved, so not counting weekend days or bank holidays.

While the idea of Sunak calling an election when the Conservatives remain well behind in the polls looks unlikely, some Tory MPs argue that the party’s best chance is to go for May, in the wake of a bold tax-cutting budget, which would also avoid the turmoil of what is likely to be another disastrous set of local election results for the Tories.

unquote

[netcurtains] 27/12/2023 10:30

I guess that is why its going up...

[gcom2] 24/12/2023 09:44

No, we not American

[smurfy2001] 22/12/2023 18:10

Nothing from Santa this time round 😭

[factsandfigures] 21/12/2023 09:53

Coop Bank in advanced merger talks with Coventry Building Society

[kiwi2007] 20/12/2023 21:04

Difficult to get through that 220-5p chart blockage and hold.

Not surprising when you read the financial press though:

"Bond fund giant Pimco warns of ‘hard landing’ for UK economy"

"UK house prices fall at fastest pace in more than a decade"

"Mounting costs and red tape hit UK exporters three years after Brexit"

That's just today's snips in the FT. No wonder UK pension funds and institutions don't buy UK shares ;o)