Royal Bank Of Scotland Share Discussion Threads

[leedskier] 16/11/2016 08:16

The FTSE100 is now negative.

[leedskier] 16/11/2016 08:15

Whatever the cause(s) it is the function of Government to fix the problem.

[careful] 16/11/2016 08:06

They seem to be building everywhere and the old properties still exist.
Prices go up, not because of shortages, but because buy to let investors are buying so many.

They have created a dot com type bubble because they think that property is a one way bet.
Suckers pay far too much rent, but it is hard to break the cycle down.

[leedskier] 16/11/2016 07:46

But there is still a shortage!


It is not problem replicated to the same extent elsewhere.


Prices in Paris have risen for three consecutive quarters, and in France generally house prices are slightly up.

Apartment prices in Paris rose by an average of 2.66% (2.67% inflation-adjusted) to €8,100 (US$ 9,126) per square metre (sq. m.) during the year to Q2 2016, according to the La Chambre des Notaires de Paris.


In Metropolitan France generally, house prices rose by 0.78% during the year to Q2 2016,

[leedskier] 16/11/2016 07:43

BDEV this morning ...


Highlights

· Overall market conditions remain healthy, with the Group trading well since the start of the new financial year

· Sales rate of 0.74 (2015: 0.71) net private reservations per active outlet per average week

· Total forward sales (including joint ventures ('JVs')) up by 4.3% to £2,654.3m (2015: £2,544.6m), with wholly owned forward sales up strongly by 19.5% to £2,466.1m (2015: £2,062.9m)

[maxk] 16/11/2016 07:38

* UK HOUSING: Britain built the largest number of new homes since the global
financial crisis during the year to the end of March, annual figures showed on
Tuesday, as the economy picked up and the government took steps to tackle
Britain's housing shortage.

[leedskier] 16/11/2016 07:36

Mark Carney said to the HoC Select Committee yesterday ...

“House prices in the U.K. are high because there’s no supply,” he said. “The more we avoid this point, the more we pretend that the ills are the consequence of monetary policy. That’s why I said earlier this is a massive blame deflection exercise. We’re going to do what we have to do given the suite of all the other policies in place.”

[leedskier] 16/11/2016 07:04

IGSquawk ‏@IGSquawk 31m31 minutes ago
Our European opening calls:

$FTSE 6818 +0.38%
$DAX 10776 +0.38%
$CAC 4555 +0.40%
$IBEX 8739 +0.60%
$MIB 16764 +0.49%

[maxk] 15/11/2016 20:40

So our independent judiciary declares a position before hearing argument.



"In a dramatic intervention, Lady Brenda Hale said a “simple Act of Parliament” may not be sufficient to start the process, arguing replacement of the 1972 Act that took Britain into the EU in the first place may be needed."



Par for the course.



All the voyeurs and the lawyers

who can move a fountain pen

and put you where they choose

with the language that they use

and enslave you till you work your youth away

[leedskier] 15/11/2016 18:19

I know you ardent brexiteers love these stories so it would rude not to oblige.

[leedskier] 15/11/2016 16:55

Crazy situation. Problem with the UK is that building land is very expensive. The builders tried to solve that problem by reclaiming derelict inner city sites, but trendy inner city apartments are not ideal for young families. So back to the greenbelt. We may be permitted to fish the ocean to exhaustion, but woe behold any local authority which permits house building on anything green.

[smurfy2001] 15/11/2016 16:52

'The bullish case for US banks is built on the idea that we are entering an era of higher interest rates, coupled with a president that is keen to roll back some of the legislation enacted in the wake of financial crisis. The new administration has made noises about lifting some regulations, with the Dodd-Frank provisions mentioned during the course of last week, which may be why the sector enjoyed such a strong move.

Of course, actual detail is still lacking, and may be for some time, but one possibility is that the minimum asset threshold for banks designated as ‘too big to fail’ (TBTF) is $50 billion. If this is lifted to $250 billion then many US banks might find themselves outside of the TBTF designation, giving them more capital to expand their businesses.

For the biggest banks, a limiting of Dodd-Frank provisions could allow the return of some activities such as proprietary trading, while a reduction in regulations would reduce costs and increase profitability, raising the prospect of higher dividends.

On the interest rate front, a period of higher inflation caused by increase infrastructure spending and tax cuts could see the Federal Reserve having to move more quickly, and more dramatically, than many had expected. Global banks have seen their profitability hit by record-low interest rates, but with the Fed already talking about raising rates (after a hike in December 2015), investors were on the lookout for any sign that further rate increases were on their way. Indeed, data has shown that ETFs tracking financial stocks saw seven consecutive weeks of inflows in the period to 9 November, a phenomenon that may accelerate now that Donald Trump has won and talk of stimulus is in the air.

At present US banks currently trade at around 11 times forward earnings, versus a low of 9 times in February 2016. At the peak of the crisis, the sector traded at over 33 times earnings. A removal of regulations could see banks due for a re-rating, particularly if Trump also succeeds in boosting US economic growth through his stimulus plans.

[chiefbrody] 15/11/2016 15:50

YupHas been for a decade or 2. Hopefully that trend will reverse soon though.

[leedskier] 15/11/2016 15:43

Remarkable that the demand for housing is outstripping supply. Is the UK population really expanding at a faster rate than the housebuilders can supply new houses?

[cfc1] 15/11/2016 15:33

come on RBS...all we need is news on W&G....but we still need news on DoJ case....I expect both done in 2017...then brakes off ....despite the good run we are STILL 40p behind brexit morning after price.....and that's rubbish at 250p!!!!
So loads of upside here

[gcom2] 15/11/2016 14:26

bonda hadn't seen the keel walk until just now, thanks. Thomson now has a 58 mile lead over Le Cleach. That's great that your friend has crewed on Hugo Boss, well jealous!!

[avatar333] 15/11/2016 14:06

Has anyone else noticed that, apart from good old Nigel, nobody ever mentions the demand side of the equation:

'Monetary policy not to blame for high house prices'

Does the Bank of England run risk of creating house-price bubbles by keeping interest rates low?

No, Governor Mark Carney tells the Treasury Select Committee: "House prices are high because there's no supply. The more we avoid this point, the more we pretend that the ills are the consequence of monetary policy - there's a massive blame deflection exercise. We're going to do what we have to do, given the suite of other policies which are already in place."

[bonda67] 15/11/2016 13:28

gcon2 - did you ever see his mast walk and keel walk videos on youtube?
a friend was crewing the boat at the time.

[leedskier] 15/11/2016 11:34

Brilliant ;

[smurfy2001] 15/11/2016 11:30

Made me chuckle.

[leedskier] 15/11/2016 10:47

A lot of chatter this morning that the low inflation print this morning is only a temporary respite and that the real rise will be next year as manufacturers and retailers find that they can no longer absorb rising input costs.

That view squares with something I read last week, namely that the UK supermarkets are not currently passing on increased input costs, in an attempt to maintain market share.

The downside of this self-flagellation is going to be reflected in their financial results next year.

At some point Carney will have to raise UK interest rates. It is a double edged sword. Higher interest rates will push up Sterling leading to lower input prices, but it will be expensive for HMG as Gilt yields will rise and may impact on growth. It should however calm down the housing market.

Banks should benefit from higher interest rates.

[maxk] 15/11/2016 10:47

Graphic wont post.

These supposed price rises, are they real, or a figment of estate agents imagination?