Natwest Share Discussion Threads

[smithie6] 03/12/2023 15:36

Careful wrote
"A snowflake generation today. So many one parent families, 2 kids, no husband, moaning because the state cannot afford to keep them in a manner that they think they is entitled to."

Good text imo.
I agree.

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I was a Univ student in the early 80s & for 1 year I lived in an old terraced brick house, which probably solid brick walls with no cavity. So, very bad thermally. No central heating.
It was really cold. You went to bed dressed & then took your clothes off once the bed had warmed up. & the reverse for getting up.
One just had to get on with it. Many people had similar conditions.
(& cavity wall insulation didn't really exist then, most/many old houses & not so old were bad thermally)

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Most modern young people don't even know how to change a car wheel. They just ring the breakdown service included in the car insurance.
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Looking at society now versus 40 years ago the society or human race in the UK look a lot weaker now. Much higher obesity now & the health problems that produces. Much higher diabetes rates now. Much higher miopia rates now. Higher asthma & allergy rates now. Etc etc

[skinny] 03/12/2023 14:40

"Very old people remember houses without central heating."

You don't have to be 'very old' to remember that!

[careful] 03/12/2023 13:51

Most of us were very poor when young, first married, young children.
With luck and sensible management we gradually get ahead over the decades.

I think todays young are not struggling any more that we did.
That is the deal, young and poor old and better off.

Very old people remember houses without central heating.
Not a matter of struggling to pay the high gas bills.
There was no heating. No one died.

A snowflake generation today. So many one parent families, 2 kids, no husband, moaning because the state cannot afford to keep them in a manner that they think they is entitled to.

[smithie6] 03/12/2023 13:22

"It has resulted in a societal catastrophe for people born in the nineties who are working average jobs paying rent and other bills."

Many people in the UK get high wages imo compared to other countries in say Europe.

- teachers
- doctors
- train drivers
- truck drivers
- metro workers

Etc etc

It is common in the UK for middle class workers to retire early, because they are wealthy enough to do it & get enough pension to do it.
That does not happen in many European countries.

[smithie6] 03/12/2023 13:18

"We are flat broke as a country"

Due to the application of left wing policies for decades that have imo provided too many benefits to too many people for too long.

If any cuts are made to benefits 80% of the media starts screaming & shouting that it is fascist behaviour & that some people will die from starvation as a result. So it is difficult for Governments to make cuts be ause there will be so much noise/opposition to it.

As a result a big debt mountain has been built up. The interest cost for that is a big cost for the country.
Well, the left has fought hard for benefits to be kept high. The left scream against austerity & scream for higher spending.

(The excessively sweet pension rights for public workers is also part of the problem).

Now everyone has to live with the decisions of the past. And pay for it.

The decades of 'there is money for everything have ended' & services will have to be cut.....or taxes increased even more.

The health service that we would would all like, a police & justice system that protects us, sadly there is no money to pay for the level that we would like. Sadly we have to just accept it. That will be bitter medicine over the coming years.

[smithie6] 03/12/2023 13:00

"It has resulted in a societal catastrophe for people born in the nineties who are working average jobs paying rent and other bills."

Not sure that the actual facts support your claims.
The minimum hourly has imo been increased a lot. People with low skills can now get a minimum of ~£11.5/hour. Not bad for working in say McDonalds imo.

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If you are proposing that the train system should be bought back by the Govt.
...well, when it was owned by the Govt it did not work very well. Late trains. Lazy workers.
(While I would agree that the idea of breaking in to lots of different parts with different operators in different areas was, well, crazy imo.
And contractually controlling the different operating companies (including getting them to invest in new trains etc) is perhaps not done well, but it is phps an almost impossible task.

[johnwise] 03/12/2023 07:50

Britain For Sale..


Selling Heathrow to the French and Saudis


"Britain is an open economy where almost everything is for sale to whoever can bid the most. The Tories are the most fervent champions of this system. It has resulted in a societal catastrophe for people born in the nineties who are working average jobs paying rent and other bills.

The rules need to be redrawn and the government need to have the power to take over any company that tries to take work away from the UK and relocate abroad, such as Cadburys, and the steel industry etc. They then need to change the tax rules so that any British company that is sold has to pay such onerous taxes that it becomes unfeasible to keep flogging off the silverware.

We are flat broke as a country. Everything has been sold.. there is nothing left except to tax us more & more to fund crazy eco projects such as net zero"

Selling Heathrow to the French and Saudis is just the latest sorry story of how some of Britain's greatest assets are owned by foreign governments and firms


If only Britain had a politician with a backbone that puts Britain first
Video

[smithie6] 02/12/2023 19:43

Btw

Price up from 203p to 211p over last 3 trading days....steady trend line

:-)

....supposed to be a positive indicator I think, volume + increase in price

[smithie6] 01/12/2023 09:07

Dow Jones at ~35950

I didn't expect that a few weeks ago.

[smithie6] 01/12/2023 09:06

...numerous buy tips coming out of big finance houses

I assume they hold a lot of shares

.. I assume they will keep tipping NWG in the months ahead

[smithie6] 01/12/2023 09:03

I wonder if we will get to 210.0p today & stay above it ?

[polar fox] 30/11/2023 21:39

Notice that they've 'overlooked' issuing a Total Voting Rights RNS, which they are supposed to do on the last business day every month. What a hopeless bunch.
And if the algorithm bought some back today, that's another one.

[qantas] 30/11/2023 18:22

JPMorgan Cazenove upgraded NatWest on Thursday to 'overweight' from 'neutral' and lifted the price target to 280.0p from 230.0p as it took a look at European banks.

JPM said it remains bottom-up in its approach to European banks, and further shifts the portfolio away from short-rates driven net interest income (NII) geared banks as it believes we are at, or near, peak rates in key geographies.

The bank's house view is for no further hikes by the European Central Bank, Bank of England or Federal Reserve, but rate cuts starting with the Fed and ECB in H2 2024.

"Hence, we shift away from currently low deposit beta driven NII-geared banks and instead increase the quality bias of our portfolio by adding BBVA to current top picks UBS, ING and ISP," it said.

JPM also added NatWest to its 'top picks' portfolio, as it sees the stock materially undervalued at 4.8x price-to-earnings 2025E.

"While 4Q net interest margin could still be under pressure, we see this as largely discounted and in 2024/25 we are in line with consensus on NII," it said.

Please do your own research as always.

[polar fox] 30/11/2023 14:33

That's why the share price opened at 211.70, continued on up to 213.20 in a blink, whereupon there was a tsunami of selling, back down to 206 odd, all in less than an hour...

[skinny] 30/11/2023 10:19

JPMorgan raises NatWest to 'overweight' (neutral) - price target 280 (230) pence

[tim 3] 29/11/2023 18:35

Yeah where's that housing crash that was all over the media earlier this year!

[smurfy2001] 29/11/2023 14:02

Mortgage approvals rise for first time since June as housing market stabilises

[qantas] 28/11/2023 17:53

City firm argues Lloyds Bank shares worth at least 50% more


The base case on Barclays
BARC
0.16%

in today’s note is 235p, rising to 350p in an upside scenario. NatWest Group
NWG
0.15%

is rated “equal weight” and 260p, with a bull case of 440p should there be a stronger earnings recovery due to a resilient economy and higher terminal rates.



Please do your own research as always.

[polar fox] 27/11/2023 13:37

I see that Jamie Dimon is at the Investment Summit at Hampton Court, opened by Sunak.
What an opportunity to discuss NatWest and see whether there's any interest at all in that quarter.

[1224saj] 26/11/2023 16:56

Good article in todays Sunday Times, suggesting NWG is undervalued to its peers

[smurfy2001] 25/11/2023 14:22

Natwest in no hurry to finish the buyback.

[chiefbrody] 25/11/2023 06:10

That was then. This is now.

[svend2] 25/11/2023 00:42

Polar Fox > Maybe jo public might/should take a share of the flotation if the price/conditions are right just IMO. Why not?

[smithie6] 24/11/2023 22:05

Chiefbrody

...but didn't Santander buy a UK bank in order to establish itself in the UK ?

If so, it shows your post is wrong.

[polar fox] 24/11/2023 14:17

cb,

Given what Hunt said on Wednesday, if a big, well-managed US bank were to offer/negotiate around 250-275pps for the whole of the govt's holding, I suspect they would sell out pronto, with a public offer then for the remainder. Hunt would get loadsamoney and get rid of a pain in the backside.
But I doubt a buyer from any other country would be welcomed.

I think I now understand why Katie Murray sold over 600k shares last May at 274p!

In a sense, especially since the Q3, NatWest has become a low-hanging fruit of rare opportunity for the likes of JPMC and BoA and it's probably mostly a matter of whether there is any interest over there in such UK exposure.