Natwest Share Discussion Threads

[netcurtains] 16/2/2024 11:55

BBC's take on the news:

[chiefbrody] 16/2/2024 10:56

Last edit eps 48p share price 220 p so aye 4.5 P/E

[chiefbrody] 16/2/2024 10:52

Oops 20B then. P/E of 3.5 lolMadness. Shoud go private.

[smithie6] 16/2/2024 10:50

Thanks.

(Chiefbrody.
How come you are posting duff numbers ?. Post 3070)

----
P/e is hence 20/4.4, yes.
=4.5
..too cheap imo

Divi yield ~7%

[skinny] 16/2/2024 10:48

Just shy of £20B.

As of the last RNS, there are 8,746,367,071 shares in issue.

[smithie6] 16/2/2024 10:29

Advfn says the mkt cap is £20bn
While post 3070 says it is £24bn

Which is correct ?

[smithie6] 16/2/2024 10:27

Chiefbrody

.. operating profit is not bottom line profit.

Is bottom line profit £4.4bn ?
But yes, cheap.

[chinese investor] 16/2/2024 10:27

Funny old share !

[netcurtains] 16/2/2024 10:16

It took its time coming....

[chiefbrody] 16/2/2024 10:05

6B profits and 24B market cap lol. And 300M buyback. That's enough to buy 1% of the shares back. Can see that having a big impact.

[skinny] 16/2/2024 09:33

As low as 203.40p earlier in the week - a decent 10% rise for those nimble enough.

[netcurtains] 16/2/2024 09:30

Certainly have done well...

Phew!

[kiwi2007] 16/2/2024 09:29

I wonder whether they'll let it break out of this 225p'ish price?
If it goes too high they'll have trouble selling it to the mugs (those guys on the LLOY and VOD threads ;o).

[qantas] 16/2/2024 08:23

Stocks to watch

NatWest Bank reported a 20% rise in operating profit and confirmed Paul Thwaite as chief executive on a permanent basis. The bank on Friday said 2023 operating profit came in at £6.1bn. Total income rose to £14.7bn, up from £13.1bn a year earlier. Thwaites had been given a one-year contract last July after the departure of his predecessor Alison Rose, who resigned after she broke client confidentiality in relation to the closure of hard-right political activist Nigel Farage account with NatWest's Coutts banking unit.

TBC Bank Group reported significant increases in net interest income, of 26.8%, and net fee and commission income, of 27.8%, in its full-year results on Friday, leading to total operating income of GEL 2.37bn (£0.71bn), up 14.6%. Despite a 36% increase in its total credit loss allowance and a 24.2% rise in operating expenses, the bank still achieved a profit before tax of GEL 1.33bn, up 7%. After a 20.3% fall in income tax expenses, the bank reported a profit for the period of GEL 1.14bn, up 13.6% year-on-year.

Please do your own research as always and follow FCA guidelines.

[skinny] 16/2/2024 08:23

FT's take :-

[gcom2] 16/2/2024 08:06

That's quite a small fall compared to tradition, quite encouraging.

[polar fox] 16/2/2024 07:32

Dividend payable on 29 April. XD 14 March. Total in line with 16.8p consensus.

The basic numbers are good, but what will the market make of the deteriorating NIM - down quarter by quarter?

[abbs] 16/2/2024 07:18

For 2023 17p per share dividend-


hxxps://investors.natwestgroup.com/~/media/Files/R/RBS-IR-V2/results-center/16022024/nwg-annual-report-and-accounts-2023.pdf

[johnwise] 16/2/2024 05:54

VIDEO

The UK Economy Has Crashed Into A Recession

"The British have the most expensive energy in the world"

[datait] 15/2/2024 23:43

Sky rocket tomorrow

[1224saj] 15/2/2024 22:32

Pump to 2.35, then Sid will come in at 1.95

[polar fox] 15/2/2024 21:33

Farage is still at it. From the Telegraph:

Nigel Farage has warned the incoming chief executive of NatWest that he will try to scupper the sale of taxpayer-owned shares in the bank unless there is a culture change in the wake of the debanking scandal.

The president of Reform UK says he will issue court proceedings against the bank within days if it does not settle an ongoing compensation claim with him and promise
to stop closing the accounts of customers whose views it does not agree with.

more...

I doubt he can do anything to stop a Retail Offer if Hunt decides to go ahead, which does seem pretty likely.