Natwest Share Discussion Threads

[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 % ?

[smurfy2001] 14/3/2024 22:08

Indeed, it was a 10.6m buyback today.

[portside1] 14/3/2024 17:12

Today was a great top up day. 300 and over is the target this summer

[crazi] 14/3/2024 16:06

26/4 Q1 Results... They should be good...

Today wasnt so good though. Shareholders would have been better off if they had sold out yesterday before Ex-Div...

[portside1] 14/3/2024 15:58

April 26th nwg to announce excellent update

[crazi] 14/3/2024 15:45

I see the Buyback scam is extremely busy (tongue in cheek)...

They seem to be buying about 8000 shares a day of which about 3500 is off the LSE...

UBS using our dividends to show HUGE support for the share price then :-)

[netcurtains] 14/3/2024 15:40

It does look quite firm around this price. The closing auction will be important (I guess)...

[portside1] 14/3/2024 15:37

4903 at. 239996

[portside1] 14/3/2024 15:36

It's down as a sell it was a buy

[portside1] 14/3/2024 15:35

Just added. 4903

[netcurtains] 14/3/2024 14:17

Looks like the yanks tried to pull it down further on their open but without much success. I suspect this will close higher than it opened (well higher than 8:05am)..

[netcurtains] 14/3/2024 09:41

Interesting to note if price rises back to where it was yesterday over the next few days I would have been better off buying after ex-dividend then before. Reason: before carries bigger risk - it has to recover but buying after most of that risk is removed. The risk buying after is the hope that it falls enough - which it did do
But still I do have the dividend so actually it’s about the same risk. It’s a bit confusing- sorry

[netcurtains] 14/3/2024 08:11

So now "hopefully" we will have the long march back up....
Not sure how many days it will take but I guess its going to be
a few.....

I still think I did the right thing.... Touchwood....

[barnes4] 13/3/2024 21:14

😊.

[f56] 13/3/2024 20:53

OK. Can you please put a full stop after your sentences.

[barnes4] 13/3/2024 20:21

I didn’t say it should the point I am making is I know where I would rather be

[f56] 13/3/2024 20:14

Which points out why Russia shouldn’t exist.