Natwest Share Discussion Threads

[smurfy2001] 23/2/2024 11:45

Need to punch through that 200 day average.

Last time there was a directed buy back it was May last year. Assuming the government want value I'm hoping we see price appreciation from here.

[smurfy2001] 22/2/2024 19:30

Wow what a meaty buy back today just over 40K shares.

[polar fox] 22/2/2024 17:50

Interesting day - LLOY had an excellent day, rising over 6% on the back of its "robust" Results, but NWG sold off in its closing auction by 1.7p, which is a pretty sharp move for their auction. Maybe Hunt continues to twist HMT's arm, with the Budget so close ??

[smurfy2001] 22/2/2024 12:08

Need some broker upgrades to give this a much needed kick.

[polar fox] 21/2/2024 21:22

LLOYDS results tomorrow morning. Final of 1.84 expected, twice the interim, for a total of 2.76, plus another buyback of £2bn, as last year, perhaps a little more.

[kiwi2007] 21/2/2024 19:51

Real value here. Already one of my best performersI've no doubt it's been manipulated and held back so as to be able to tempt Sid.

and

NatWest Group's
NWG
guidance for 2024 is below consensus and "highly conservative," given markets' current rate cut pricing for the UK, Berenberg analysts said Monday.

The British lender expects income, excluding notable items, to reach 13 billion pounds sterling to 13.5 billion pounds in 2024. The group's forecast reflects a Bank of England interest rate of 400 basis points by end-2024, lower than market estimates by 40 bps. Based on market-implied interest rate projections, Natwest's revenue outlook could increase by an additional 400 million pounds. Berenberg estimates 13.8 billion pounds.

As the BoE begins cutting rates, analysts expect NatWest Group's net interest income to stabilize and increase by mid-2024, supported by the company's reinvestment of hedge assets. Berenberg believes that the company will be able to offset the negative impact of lower interest rates through higher margins on new mortgage lending and modest loan growth.

Berenberg reiterated its buy rating on the stock.

[smurfy2001] 21/2/2024 18:50

Looks like FT have updated stats based on the latest results just look at that yield,

EPS (TTM) 0.4893
P/E (TTM) 4.60
Annual div (ADY) 17.00
Annual div yield (ADY) 7.43%
Next div ex-date Mar 14 2024
Next div pay-date Apr 29 2024

[netcurtains] 21/2/2024 13:02

Nat West begin buying back their shares

251,770......

[bridggar] 20/2/2024 20:39

You are shorting the wrong sector. FWIW.

[skinny] 20/2/2024 16:52

FWIW :- RBC raises NatWest price target to 340 (315) pence - 'sector perform'

[johnwise] 19/2/2024 18:50

VIDEO

Britain is finished, the exodus begins...

[jubberjim] 19/2/2024 18:40

Skinny

Word of caution

Who has been given the 300 million buyback brief?

[porsche1945] 19/2/2024 17:12

This dogshxt will be revisiting covid lows by summer, time to buy those puts, brexit basket case U.K. terminal…..coming sell off will be brutal.

[polar fox] 19/2/2024 15:56

Another TR-1, this time only two weeks gap and 123m. Time for another one before the budget; in fact, HMT may largely be responsible for today's decline from 231p.

quote
The percentage of voting rights held by HMT in NatWest Group plc (NWG), as shown on this form (33.56%), has been calculated following the disposal by HMT of 122,762,277 ordinary shares in NWG since its last TR-1 notification on 5 February 2024.
unquote

[skinny] 19/2/2024 10:04

FWIW :-

UBS raises NatWest price target to 265 (250) pence - 'buy'

Berenberg raises NatWest price target to 325 (300) pence - 'buy'

JPMorgan raises NatWest price target to 270 (260) pence - 'overweight'

[kiwi2007] 19/2/2024 09:52

Sell at 230p and buy back in the 200's ?
Or just continue to hold?

[smurfy2001] 17/2/2024 11:10

Another year of NatWest best annual profits since the global financial crisis
The UK's third largest mortgage lender said it assumed the Bank of England will bring interest rates to 4% by the end of this year and 3% by the close of 2025.

[skinny] 17/2/2024 10:33

A bullish engulfing candle, crossing both the 50 & 200 DMAs and on good volume.


free stock charts from uk.advfn.com

[smurfy2001] 16/2/2024 22:13

Results presentation:
Natwest has no exposure to the FCA investigation on car loan commissions.

[chiefbrody] 16/2/2024 14:25

Cheers not even a 10% reduction (Lloyd's). Pathetic (as thought). Guess the % reduction for NatWest will slow now there's only 300 M for buybacks but every little helps. Still makes since I guess at these absurd levels.

[skinny] 16/2/2024 13:28

Just for clarity, LLOY had :-

30 Sep 2020 - 70,802,126,471

31 Jan 2024 - 64,086,434,019

[chiefbrody] 16/2/2024 13:24

Pretty good numbers. Wonder how that compares with Lloyds reductions. Probably favourably.

[smurfy2001] 16/2/2024 13:09

Natwest have decreased the shares in issue from 12.1bn (2020) to 8.8bn shares (2023) a reduction of 27.2%.

[netcurtains] 16/2/2024 11:58

Google has Market Cap as £19.87B
PE ratio as 4.85
Dividend Yield of 6.83
(20 minutes delay)

[smurfy2001] 16/2/2024 11:56

I'm pretty sure they will do a directed buy back as well. Consensus suggests it won't be as big as last year though.