Royal Bank Of Scotland Share Discussion Threads

[chinese investor] 07/4/2022 12:33

I have now received the final cheque.
10.47p !

[m1k3y1] 06/4/2022 18:42

Agreed Barmiddleton.
Received mine also.
Thank you to all those involved in this loooooong saga.

[chinese investor] 06/4/2022 18:26

Thank you barmiddleton !
I still wait !

[barmiddleton] 06/4/2022 18:22

Well, I received a cheque today which is the final payment in settlement of our claim. Given all the uncertainty regarding this long drawn out saga I'm pretty happy with the final outcome bearing in mind also the obstacles thrown up by the Action Group company. Only real disappointment is no word on legal action having been taken against Walsh!

Must give special thanks to Trevor Lawrence who was instrumental in taking on Walsh and his cronies and winning and of course to Signature Litigation who always played a straight bat!

[barmiddleton] 05/4/2022 15:20

I haven't received an update either, strange!!! I think you said you received one m1k, did it contain anything important?

[chinese investor] 05/4/2022 10:32

I still haven't heard or received anything.
According to their website we should receive the cheque mid April.

[maxk] 28/3/2022 09:25

Taxpayer gives up majority stake in NatWest 14 years after huge bailout

Government sells £1.2bn worth of shares to take its stake below 50pc

By
Telegraph Reporters
28 March 2022 • 8:22am

https://www.telegraph.co.uk/business/2022/03/28/taxpayer-finally-cedes-control-natwest-14-years/



Nearly a decade and a half since stepping in to save the Royal Bank of Scotland Group during the financial crisis, the Government has ceded control for the first time after selling off a big chunk of shares.

The Treasury said it has sold £1.2 billion worth of shares in NatWest Group - as RBS rebranded in 2020 - taking its stake to less than 50%.

John Glen, Economic secretary to the Treasury, said: "This sale means that the Government is no longer the majority owner of NatWest Group and is therefore an important landmark in our plan to return the bank to the private sector.

"We will continue to prioritise delivering value for money for the taxpayer as we take forward this plan."

In 2008 the Government started to build a stake in the group following the financial crash which had left it teetering on the brink of collapse.

The initial investment, which saw the Government owning 57% of the bank, was extended a couple of times before peaking at 84% in 2009.

The Treasury has been selling off its stake since 2015, and the latest sale takes its ownership from 50.6% to 48.1%.

NatWest said the latest deal saw it buying 550 million shares at around £2.21 each.

The process of selling off NatWest shares is likely to continue for some time to come, and has already taken considerably longer than the sell-off of Lloyds.

The Government's stake in Lloyds Bank, which hit more than 43% following the financial crash, was finally totally unwound in 2017. NatWest is far off this level.

The Government was handed its shares in the banks in 2008 after announcing a £37 billion injection of capital into the sector.

Then prime minister Gordon Brown was clear at the time that it was not an attempt to nationalise the banks, but that they would be sold back "at the right time".

[chinese investor] 14/3/2022 12:28

I still haven't received the letter !

[m1k3y1] 11/3/2022 19:57

You're welcome. Still looking like end March by the way.

[chinese investor] 11/3/2022 19:42

Thank you !

[m1k3y1] 11/3/2022 19:41

Well the figure is individual but positive I think . It will all be explained in the letter CI.

[chinese investor] 11/3/2022 19:32

Which is ??

[m1k3y1] 11/3/2022 19:31

Not yet CI but an indicative Final figure.

[chinese investor] 11/3/2022 19:17

m1k3y1,
I'll probably get mine tomorrow !
Was there a cheque with it ?

[m1k3y1] 11/3/2022 19:05

CI .....Just received latest communication from Signature

[shooter mcgavin] 15/2/2022 22:21

hTTps://t.me/+7lHVB1sgV5BlMmRk - General share chat Telegram/ day trading ideas

All welcome

[m1k3y1] 07/12/2021 14:21

Thanks CI ........Let's hope that indicates a final payment will soon be paid.

[chinese investor] 07/12/2021 14:11

Shareholder Group is currently being wound up !

[barmiddleton] 25/10/2021 22:26

Thanks M1, a very interesting article.

[barmiddleton] 12/10/2021 09:44

Amen to that.

[m1k3y1] 12/10/2021 09:08

Indeed , Thank you Trevor.

[chinese investor] 12/10/2021 08:39

Trevor Hemmings RIP

Thank you Trevor !

[m1k3y1] 30/9/2021 14:42

me too.....
Thanks as usual CI.

[chinese investor] 30/9/2021 14:39

Not bothered !
I'm just waiting for my final cheque !