Royal Bank Of Scotland Share Discussion Threads

[leedskier] 26/10/2016 09:39

From Forbes at the beginning of the year



BP plc ADR (BP) delivered an even uglier fourth quarter report. Net income dropped 90% to $196 million. BP currently pays a $0.60 quarterly dividend, yielding 8.3%. Surprisingly, the company announced that it will maintain the dividend for the first quarter of the year.

BP has taken a number of aggressive restructuring charges over the last five quarters totaling $1.5 billion with another $1 billion planned for 2016. The company’s cost measures have helped decrease operating costs by $3.4 billion, mostly in efficiency savings. Additionally, the company will slash 7,000 jobs this year.

It seems that BP was barely out of their Horizon Deepwater oil spill disaster – which has cost the company upwards of $65 billion – when they were hit with a crumbling oil market. However, the fear of the litigation costs and global scrutiny these past few years may have given the company a jump start on belt tightening.

Of the major oil producers, BP is in the weakest financial shape. To be honest, it should have cut its dividend already. Over the last 12 months, it lost $2.49 per share while paying out $2.40 in dividends.

How’d it bridge the gap? With $5 billion in additional long-term debt.


add


The dividend is calculated in USD. So the fall in Sterling post referendum put it in the sweet spot.

[maxk] 26/10/2016 09:29

I don't see borrowing to pay a div as good business.

[avatar333] 26/10/2016 09:22

Morning.

;

[leedskier] 26/10/2016 09:06

See BP. as an example. It made its largest loss ever last year, it is borrowing massively to pay a dividend, slashing jobs, cutting investment and the market loves it.

[maxk] 26/10/2016 08:55

Yes, but a company that pays a div is not to be sniffed at in this zirp world.

[leedskier] 26/10/2016 08:43

Shame that the US Presidential election, Apple's reduced profit margin and Iraq's refusal to play ball with OPEC, is screwing down share prices today.

Meanwhile the market's love for VOD is total and absolute. It gets wacked with a 4.6 billion fine by Ofcom and its share price rises this morning.

[leedskier] 26/10/2016 08:41

More good news ;)

[gcom2] 26/10/2016 08:39

Clydesdale have just confirmed their offer for W&G

[maxk] 26/10/2016 08:24

That sort of news is not welcome JJ.

[jungle jim] 26/10/2016 08:23

I mentioned we did a trade show last month with very positive results. Our usual order cycle is of the range 6-9 months, we have just paid for the entire show with the profits from three orders taken and delivered within 1 month.

I have had to book next years show early as it is 80% full already which is very unusual (I can normally hang on until about 3 months before the show so I can negotiate a deal but there will be no space left in another month I suspect).

We are a UK manufacturer so I'm a happy bunny. I have an ex-colleague who runs a UK sales subsidiary of a German manufacturer. He's not so happy.

[leedskier] 26/10/2016 07:38

More volatility.



IG Index European opening calls:

$FTSE 6993 -0.35%
$DAX 10740 -0.16%
$CAC 4527 -0.31%
$IBEX 9124 -0.18%
$MIB 17186 -0.25%

[polar fox] 26/10/2016 07:28

There is a CYBG 'holding' RNS out this morning.

[smurfy2001] 26/10/2016 01:37

Royal Bank of Scotland has received a boost after Clydesdale and Yorkshire Bank made an offer for its Williams & Glyn business, which the state-owned lender has been struggling to sell for seven years.

[maxk] 26/10/2016 00:19

The eurozone is turning into a poverty machine

By
Matthew Lynn

24 October 2016 • 8:34pm

[ball deap] 25/10/2016 23:42

Time is short now, for all those on the wrong side of this will get their position ripped I promise you that, I am warning you all now and I have been kind enough, maybe too kind in some people's eyes to bestow my incite and wisdom for you too trade on. The next quarters will see my statements come to pass as I have been saying right from the start !!! Check out my last killer trades !! As if I'm going to waste my time coming on here trying to fruit up a stock not worth trading either direction !!! No and neither would you.CLOSE YOUR SHORT

[gcom2] 25/10/2016 17:46

not much share price reversal yet. it's still 19p

[ball deap] 25/10/2016 17:40

I said this all from the start for all of those who wanted enlightenment. It was obvious this was going to have a share price reversal.

[cfc1] 25/10/2016 17:15

gcom2 - good post! could explain share price reversal.....amazing to think RBS spent MORE computerising the W&G network than they will get from proposed sale!! Anyway doubt it will be done by fri..if more than just a rumour that is!

[gcom2] 25/10/2016 17:03

could get interesting

[gcom2] 25/10/2016 17:03

FT saying that Clydsdale bidding again on W&G

[cfc1] 25/10/2016 16:37

anyone know what % of business does RBS do in the USA? Deutsche do 25% ...not sure of revenue comparison v % ...but someone good at this stuff might be able to give us a feel for likely fine....