Natwest Share Discussion Threads

[skinny] 04/4/2024 11:51

From earlier :-

[chiefbrody] 04/4/2024 11:19

PE of 4-5 the only way is up! Until they drag it down again.

[barnes4] 04/4/2024 09:59

Interest rates high = phat profit

[delphiman] 04/4/2024 09:38

Does anyone know why this is going up the way it is ?
is it because the government is pausing the tell sid, is it 20% increase in profits from 2022, is it because inflation has been coming down, Nigel Farage is still trying to cause trouble, I dont really see why that affected the price so badly last year.

[f56] 03/4/2024 20:15

Depends what you mean by worse. 20% inflation is worse than 10% inflation.

[fegger] 03/4/2024 15:46

Labour says Hold My Beer

[chiefbrody] 03/4/2024 12:36

Yup. Can't really do much worse.

[smurfy2001] 03/4/2024 11:29

Time for change.

[bonda67] 03/4/2024 08:30

true, but it sadly leaves us in the hands of Labour

[chiefbrody] 02/4/2024 21:15

Fully deserved.

[bonda67] 02/4/2024 16:26

Crikey, that's devastation for the Torys.

[polar fox] 02/4/2024 15:40

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 15:48

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

[johnwise] 31/3/2024 14:06

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.