Royal Bank Of Scotland Share Discussion Threads

[avatar333] 30/11/2016 11:56

145339

Is that AIM listed?

;

[cfc1] 30/11/2016 11:52

just read the stress test scenarious....based on situations that would be WORSE than 2008.....31% crash in property, 9.5% unemployment, crash in China and global growth crushed etc etc.....friggin doomsday.

but I still think RBS mgmt. are a mess....they STILL cant even sell W&G....so what exactly do they do year after year?!?!?!

[gcom2] 30/11/2016 11:34

blusteradjuster, good post. I agree with this.

[srpactive] 30/11/2016 11:00

Leedskier

Good morning.

As you know from time to time I mention the odd stock
I am following to you.

Recently I have started buying Greka gdl, they have just
released the following interesting rns.

dyor

regards

active

======================================================

Greka Drilling Limited PetroChina Drilling Contract Award
30/11/2016 9:35am
RNS Non-Regulatory

TIDMGDL

Greka Drilling Limited

30 November 2016

30 November 2016

Greka Drilling Limited

("Greka Drilling" or the "Company")

PetroChina Drilling Contract Awarded in China

Greka Drilling Limited (AIM: GDL), the largest independent and specialized unconventional oil & gas driller in Asia, is pleased to announce a new contract to provide CBM drilling services to PetroChina Huabei Oilfield Limited ("PetroChina") in the Fanzhuang Block in Shanxi Province, China.

Greka Drilling successfully drilled 13 wells (involving 19,257 metres) for PetroChina from 2013 to 2015 and is pleased to be awarded this contract for up to 5 horizontal wells. The new contract is for a period of one year. Drilling operations are expected to commence shortly.

Randeep S. Grewal, Chairman and CEO of Greka Drilling, commented:

"The winning of this 5 horizontal well contract proves once again that PetroChina recognizes Greka Drilling as a quality drilling company with advanced rig technology and experienced crews. PetroChina is also expected to commence a 100 cluster wells drilling project in Anze Block in 2017, which represents a significant further opportunity for us. Following an expected slow 2016, we are hopeful that 2017 will be a busy and fruitful year for Greka Drilling in China."

For further information on Greka Drilling, please refer to the website at www.grekadrilling.com or contact:


Sarah Lowther
Media Relations
Greka Drilling [phone]
Dr Azhic Basirov / David Jones /
Ben Jeynes
Nominated Adviser and Broker
Smith & Williamson [phone]


This information is provided by RNS

The company news service from the London Stock Exchange

END

NRAAKKDNCBDKKDN

[smurfy2001] 30/11/2016 10:16

Carney: RBS has made progress....

Q: How frustrated are you that Royal Bank of Scotland failed this year’s stress tests?

RBS has made a lot of progress in recent years, says Carney, especially around its core business -- to serve UK small businesses and households. However, it still has legacy issues to deal with.

As Carney puts it:

It lost its way over a number of years and did a number of other things...not particularly well.

That’s a coded jibe at RBS’s former boss, the de-knighted Fred Goodwin, whose ambitious growth plans ended in utter disaster in 2008.

Carney emphasises that RBS doesn’t have to raise extra capital; it has to reduce risks assets, to put itself in a stronger position to handle another financial crisis.

[smurfy2001] 30/11/2016 10:12

The RBS CEO has failed and should be fired. I've been saying this for a while now he's managed the bank badly and he's out of his depth.

[maxk] 30/11/2016 10:08

That poll was pretty much on the money: And from the Graun (swoon)

[avatar333] 30/11/2016 09:24

Morning.

;

[leedskier] 30/11/2016 09:01

As your here maxk I thought you may be interested in this article dating from the end of May.



Pretty accurate polling don't you think.

[maxk] 30/11/2016 08:57

I suppose it's out of the question to blame brexit?

[blusteradjuster] 30/11/2016 08:56

I don't understand the continuation of ever-more-adverse stress-testing.

Anchoring the capital/asset/lending set-up using a severely adverse (and somewhat unlikely) scenario ensures banks are not efficient.

What this does do is protect the reputations of those ordering the stress-tests - stops them being accused of being asleep at the wheel. It's a shame they weren't so vigilant 8 years ago.

[leedskier] 30/11/2016 08:45

I doubt that changing the CEO will fix the problem.

RBS has massive liabilities from its pre-financial crisis adventures coupled with which, its exit from investment banking, means its revenue stream is now pretty limited.

The real question to be answered, is how is RBS going to pay off those liabilities.

This is why it is trading at less than 20p in old money.

[cfc1] 30/11/2016 08:22

serious question.....how do we start a movement to get the CEO fired??????

[tfergi] 30/11/2016 08:15

It's certainly an unbelievably frustrating share.......

[leedskier] 30/11/2016 07:51

David Buik
‏@truemagic68

BOE Mark Carney on stress tests - greatest threat to stability global - Chinese financial system a concern; also adverse effects from BREXIT

[leedskier] 30/11/2016 07:29

David Buik
‏@truemagic68

Good numbers from SAGE GROUP - STEPHEN KELLY - top CEO - profits of £300.4 million - dividend +8%

[leedskier] 30/11/2016 07:18

David Buik
‏@truemagic68

Very slight bounce at European opening - FTSE +6, DAX +14, CAC +6 courtesy of IG at 7.13am

[leedskier] 30/11/2016 07:17

David Buik ‏@truemagic68 10m10 minutes ago

RBS fails stress tests & require fresh capital (circa £2bn/asset sales) Barclays & Standard short of requirement (no fresh capital needed)

[pal44] 30/11/2016 07:14

Crash test dummy they said on R4 today... lol