Natwest Share Discussion Threads

[smurfy2001] 21/3/2024 08:29

Just voted. Vote against scrip!

[chiefbrody] 20/3/2024 15:44

Yup. Allow more things to reset to a more natural interest rate. Of course, if it was not for the housing market Ponzi scheme, there wouldn't be the huge clamour for a rate cut. Best thing for the country would be umpteen years of flat/slowly falling house prices. Madness having so much wealth tied up in bricks and mortar whilst the rest of the country falls apart.

[smurfy2001] 20/3/2024 12:03

Hold those rates allow more mortgages to reset to higher rates.

[gcom2] 20/3/2024 11:30

I read somewhere that the sweet spot for banks is long term 2-3%, gives some stable nim and growth at same time

[polar fox] 20/3/2024 08:20

This sounds right for the time being:
The Times:

Hold rates for now, says Times shadow MPC

Experts vote 8-1 in favour of keeping the base rate stable, but signal that cut should not be far off.
unquote

[polar fox] 20/3/2024 07:15

Inflation drops a touch more than consensus.

CPI 3.4 vs 4.0 last month
Core 4.5 vs 5.1
RPI 4.5 vs 4.9 (in line with consensus)

Welcome news and a good start towards that elusive 2%. The Fed announcement is at 6.00pm and tomorrow the BoE can update its thoughts.

[gcom2] 19/3/2024 23:36

you have a short interest I presume otherwise why worry about a 0.10p movement

[polar fox] 19/3/2024 17:13

Not correct - the share price closed at 240p exactly, which is 0.10 down on yesterday's close.

[gcom2] 19/3/2024 16:47

Went up a bit in the auctionTo close over 240

[kiwi2007] 19/3/2024 10:01

Lloyds and Nat West HQ's are both 11 Downing St?

[polar fox] 19/3/2024 09:13

A TR-1 from BlackRock.
Very similar to MFS at 5.13%. Both of them buyers since those July 2023 holdings.

[johnwise] 19/3/2024 07:43

Communist China enjoying every moment watching the decline of a once great country UK to a Financial basket case with the growth of Food Banks and Charity Shops..
Sir james Goldsmith did warn you



Manufacturing in crisis with no growth on horizon

[skinny] 19/3/2024 06:30

The Government will be pleased to have £3B in the run up to an election.....

[maxk] 18/3/2024 23:38

Hold on a sec.

Surely taking cash and buying back shares, whilst reducing the share count, also reduces the cash count. No?

Where is the gain for the average shareholder?

[gcom2] 18/3/2024 21:35

Should be up 10% on that news.

[polar fox] 18/3/2024 16:13

Directed buyback increasing to 15%.

Worth noting from the AGM RNS:

In line with the authority approved by shareholders in 2023, which will expire on the earlier of the conclusion of our 2024 AGM or at the close of business on 30 June 2024, a special resolution is being proposed to renew the authority granted to the Directors to make off-market purchases of NatWest Group ordinary shares from HM Treasury.



The Directed Buyback Contract currently in place is limited to making such off-market purchases up to a maximum of 4.99% of NatWest Group's issued ordinary share capital from HM Treasury in any 12 month period. If the Amended Directed Buyback Contract is approved and entered into, this will permit purchases up to a maximum of 15% of NatWest Group's issued ordinary share capital from HM Treasury in any 12 month period, so long as no additional shareholder approval would be required under the Listing Rules.



If approved, these resolutions, to make off market purchases of NatWest Group ordinary shares from HM Treasury together with the separate authority for NatWest Group to make on-market purchase its own ordinary shares, will provide the Board with flexibility to consider share buybacks.

[polar fox] 18/3/2024 14:51

Further to my CPI post yesterday, the consensus has been fine-tuned, down another tenth to 3.5% rather than 3.6% vs 4.0% last month. It's not unusual on the Monday preceding...
If it happens, some folk will just holler more for the BoE to start cutting at the next meeting in May!

One interesting detail to Thursday's MPC vote, is that the consensus is expecting one of the two hikers to vote for unchanged this time. So the vote would change from 6-2-1 to 7-1-1.

[polar fox] 16/3/2024 07:12

Bloomberg:

Sunak Eyes Tax Cuts and an Autumn Election — If He Can Survive

Doubts about UK premier’s leadership spreading in Tory party

Plan to jam Labour on taxes widely seen as damage limitation

Rishi Sunak thinks he has the makings of a plan to stave off a Conservative Party wipe-out in the upcoming UK election: another tax-cutting budget in September, with voters going to the polls in October or November. Having the chance to put it into action may be easier said than done.

That is the central scenario among political advisers working for Sunak, who this week finally ruled out holding a snap election on May 2, quelling weeks of speculation that he might call an early vote. While the election date is not decided, the prime minister’s aides believe he can leverage falling inflation, expected interest rate cuts and the fiscal headroom likely to accrue by rolling into a new forecast period to announce more pre-ballot giveaways...
Unquote

"If he can survive" all the plotting to make someone like Mordaunt PM in the near-term.
Ladbrokes still have 12/12 as of this morning. Remember, that was the date in 2019.

[smurfy2001] 15/3/2024 21:20

Nice chunky 10.9m buyback today.

[portside1] 15/3/2024 18:40

Down to the 30 day rule

[polar fox] 15/3/2024 17:57

Quite a sell-off in the auction. It went in just over 243 and then closed at 240.20 - you can see the straight line down on the intraday chart above. No idea why. It could be nothing more than aggressive trader selling or something more significant not yet in the public domain, perhaps linked to Hunt. We'll see in the days ahead, maybe.

[smurfy2001] 15/3/2024 11:33

Wonder if NWG will direct buy back 5% this time round?

[jubberjim] 15/3/2024 11:29

Slowly slowly

Has the Government just sold of 1 % ?