Natwest Share Discussion Threads

[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.

[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.