Natwest Share Discussion Threads

[polar fox] 28/2/2024 07:45

Bloomberg:

NatWest Stock Sale Prep Moves Ahead as Government Taps Brokers

UK has asked brokers to sign non-disclosure agreements

Share offer would further reduce state’s holding in the bank


The UK has opened talks with brokers including Hargreaves Lansdown Plc and AJ Bell Plc about helping to sell the state’s shares in NatWest Group Plc to retail investors.

The government has asked firms to sign non-disclosure agreements and the talks are in their early stages, according to people familiar with the matter, who are not authorized to speak publicly. The retail sale, which Chancellor of the Exchequer Jeremy Hunt announced last year, is expected to be confirmed
......all that's available

[smurfy2001] 27/2/2024 12:31

It could be buying back 7K shares yesterday 🤣 pitiful buy back.

[gcom2] 27/2/2024 12:03

maybe the simple fact of a return to private ownership after 16 years will give share price a boost....who knows

[skinny] 27/2/2024 08:58

3+ month high @234.70p

[smithie6] 26/2/2024 16:53

If I was the Govt I would try to wait a bit, if possible, to let the share price first rise a bit in response to the record results.

[smithie6] 26/2/2024 16:46

If sell 10% of the co. = ~£2bn

If 5m ppl take part, equally, that is just £400/person.

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If HMG sell 20% of the co. shares that is ~£4bn.
If 5m ppl take part, equally, that is £800/person.

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Let us say the placing takes place at 220p. Small discount to the mkt price of 230p.

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A) If one already holds say £5k & the share price rises 10% due to HMG moving from being the controlling shareholder to being a non-controlling shareholder,. 230p to 252p. The gain is £500.
A return of 10%.

B) While the gain on buying £800 of shares in the placing is ((252-220)/220p)X £800 =£116.
A return of 14.5%.

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Conclusion
These 2 calculations with assumptions show that owning £5k of shares gives the higher total return. While just taking part in the placing gives the higher % return....but !!! producing a small amount of money that for many PIs is not worth the effort of filling in the forms ! (If one has to fill in paper forms rather than just click on a box at one's broker's website).

[netcurtains] 26/2/2024 16:15

They might give current holders cheap shares..... 😃

[crazi] 26/2/2024 16:04

HMT should wait until the Divi has gone Ex before any offer...

[polar fox] 26/2/2024 11:45

Another TR-1, this time after just a week. I think we've all seen the impact their selling is having as HMT takes advantage of rises in the share price from time to time.

I don't really understand why folk are buying NWG - up to 232.60 this morning - when a discounted Retail Offer may well be announced next week. It takes all sorts....

Quote
The percentage of voting rights held by HMT in NatWest Group plc (NWG), as shown on this form (32.88%), has been calculated following the disposal by HMT of 59,768,086 ordinary shares in NWG since its last TR-1 notification on 19 February 2024.
unquote

[netcurtains] 26/2/2024 08:49

NWG appears to be having a good run...
Worth noting...

[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'