Natwest Share Discussion Threads

[bonda67] 02/4/2024 15:26

Crikey, that's devastation for the Torys.

[polar fox] 02/4/2024 14:40

There's been media coverage recently of Survation's MRP poll, which was very bad news for CON. That isn't the one I follow, which has just been updated - it is every bit as bad. Details are:

LAB 459 CON 90 LD 49 SNP 28 REFM 12.1% no seats - sample 18,432 people in March

The commentary reads:

Conservative support slipped by 2pc during March, with Reform UK as the main beneficiary. That leaves Labour likely to win a massive landslide if there were an election soon. The Liberal Democrats are now a bit behind Reform UK in terms of vote share, but they will gain dozens of seats, while Reform is unlikely to win any.
unquote

The local elections are exactly one month away and it remains to be seen if Tory MPs act to dump Sunak afterwards and who may then replace him into the election, which the betting strongly favours for October or November at present, although I've put a few bob on December at 10/1.

[chiefbrody] 31/3/2024 14:48

Hardly surprising from a government that doesn't know right from wrong. Left or right. Night or day.

[johnwise] 31/3/2024 13:06

Government quietly pauses Natwest retail bidding process


The Treasury has suspended a bidding process to run the sale of its stake in Natwest in a move which throws doubt on the structure of the much touted ‘Tell Sid’-style retail deal, City A.M. can reveal.

The government, which still owns around 30 per cent of the lender after a bailout during the financial crisis, has been running a competitive tender process with retail investment firms to manage the sale of a chunk of its remaining stake to the general public.

However, those plans are now in limbo after the government wrote to bidders in mid-March saying it had suspended the process and was rethinking its strategy.

“This decision reflects our emerging views on the type of set-up and infrastructure required to deliver this complex transaction,” the Treasury wrote, in a letter seen by City A.M.

[netcurtains] 29/3/2024 08:47

NWG did quite well for me in the March stock challenge - I finished 15th. ... The problem I have is will it continue into April? I have to pick my next lot of stocks......

[1224saj] 28/3/2024 10:44

March 23, 2.90

[polar fox] 27/3/2024 17:18

BlackRock have now dropped back below 5% - they don't have to report again, unless they go back above 5%.

[smurfy2001] 26/3/2024 09:58

Should return to those 300p highs and one hopes onwards and upwards as the directed buybacks take hold. If Natwest do indeed buyback up to 15% should also see a nice jump in dividends. One I’m holding for years.

[netcurtains] 26/3/2024 09:39

Buybacks and government sell offs do appear to be allowing the price to gently rise.. Touchwood...

[smurfy2001] 25/3/2024 14:30

British government no longer NatWest's controlling shareholder

[polar fox] 25/3/2024 11:35

HMT have got below 30% - Hunt will need every penny to cover the bribes he hopes to outline in a possible Autumn Statement. Ladbrokes remain at Dec.12.

The percentage of voting rights held by HMT in NatWest Group plc (NWG), as shown on this form (29.82%), has been calculated following the disposal by HMT of 101,159,756 ordinary shares in NWG since its last TR-1 notification on 15 March 2024.
unquote

[retsius] 23/3/2024 09:38

maxk

Only if it was ISA ringfenced.
R.

[maxk] 22/3/2024 21:18

It would have been better if it was in our bin via divs 😡

[polar fox] 22/3/2024 20:59

The first buyback has completed, as per the RNS:

The Company announces that following the purchase of these shares, the Transaction 1 share buyback programme announced on 31 July 2023 has completed. Since the commencement of this buyback programme, the Company has repurchased for cancellation 227,760,624 Ordinary Shares at a volume weighted average price of 217.1788 pence per Ordinary Share for a total consideration of £494,647,875.28.

unquote

Considering where the share price is these days, the weighted average price is pretty good.

[gcom2] 22/3/2024 20:33

Yes rolls is a great british success story, i took the gift at 75p also.

[chiefbrody] 22/3/2024 16:43

So if this wasn't a banking stock it could go all the way to £5!

[smurfy2001] 22/3/2024 16:36

P/E still 5!

[smurfy2001] 22/3/2024 10:19

RR. is in my portfolio and that's rocketed like a tech stock :-)

[barnes4] 22/3/2024 10:19

A nice phat divi

[netcurtains] 22/3/2024 10:15

Is this a tech stock?

[polar fox] 21/3/2024 14:56

Some uncertainty over rates. I've just reviewed 1-yr FR ISAs on moneyfacts; one top player has increased from 5.05 to 5.09 since noon, while another has gone the other way, 5.03 to 4.80. Plenty of that to come, especially so close to April 5/6.

[chiefbrody] 21/3/2024 14:44

Yeh can't see us cutting till the fed does. We should be after the fed anyway.

[polar fox] 21/3/2024 13:22

The talk is now all about "when will the MPC first cut?".

The MPC next meets May 9, a week after the Fed. Then June 20, again a week after the Fed. Then August 1, a day after the Fed. The majority here seem to regard June as favourite, but might that change if the Fed cuts in May?

[polar fox] 21/3/2024 12:02

So both the hikers have switched to unchanged, meaning the vote is 8 unchanged and one for a cut. A clear message there.

[smurfy2001] 21/3/2024 08:29

Just voted. Vote against scrip!