Royal Bank Of Scotland Share Discussion Threads

[chinese investor] 30/4/2017 12:28

The Institutions were settled late last year had forked out £4.8 billion in the 2008 Rights Issue.
They settled for £800 million which is 17% of their original stake (by my calculation that is 34p per share though it was reported as 41.5p per share).

[chinese investor] 30/4/2017 12:17

By my calculations the 27,000 Retail Investors have been offered £160 million for their 800 million Rights Issue 2008 Shares.
That's 43.2p per share !

If they offered them/us 50p (which is the legal costs of the court hearing) I'd be tempted to accept !

[smurfy2001] 30/4/2017 10:22

Please, Mr Trump, hand RBS its punishment and we can all move on

[chinese investor] 30/4/2017 08:11

A significant portion of the Royal Bank of Scotland (RBS) investors represented by Signature Litigation in the ongoing £4bn rights issue battle have settled their claims, while a remaining 60% of the firm's claimants, including 27,000 retail investors, are pushing forward for trial on 3 May.

[maxk] 30/4/2017 07:59

City financiers to revive radical RBS plan



By Ben Martin
29 April 2017 • 8:00pm




A group of City financiers are planning to revive a radical plan to hand the Government’s huge stake in Royal Bank of Scotland to the public.

Portman Capital Partners is preparing to approach UK Financial Investments (UKFI), which manages the taxpayer’s 71pc stake, after the general election over a scheme that could allow the Government to divest itself of the shareholding in one fell swoop.

The plan was first proposed by Portman about six years ago as an alternative to a traditional privatisation, with Barclays advising UKFI on how it might be implemented. But it was shelved after chancellor George Osborne insisted the government must wait to see if it could recoup its investment in RBS.

It is understood Portman believes the scheme could be revived after Philip Hammond, Mr Osborne’s successor, told MPs earlier this month he wanted to return the loss-making bank to private ownership “as soon as we can achieve fair value for the shares”.



More:

[chinese investor] 30/4/2017 07:58

Last week the final institutions settled for £80 million (43.2p per share) bringing the total to 87% by value.

[ball deap] 29/4/2017 23:49

I've been saying this all along it was obvious this was going to rise. Well you better hold on to your hats we have a long way to go yet and it's purely for bulls. Close your shorts go long don't sell out yet whatever you do. It will be worth it, I'm holding out for the multi bag which is +18 months from here. I warned shorters ages ago but some still went short and lost their shirt haha be warned STAY long and don't mi5s out.

[maxk] 29/4/2017 18:53

Somewhere to stuff your winnings .. these guys have some front.



Top seven-year bond pays 2.2pc - the same as a three-year fix

[smurfy2001] 29/4/2017 17:22

If you look at US growth it's falling. What do the central bankers usually do in such cases?

If you know the answer you know the direction of the market under Trump.

[gcom2] 28/4/2017 16:51

cfc1 , Investec Upgrade its coverage for The Royal Bank of Scotland Group plc (RBS) in a note sent to investors on 27-Mar-17. The research firm Upgrade the stock to Hold. Moreover, Natixis Bleichroeder issued Upgrade rating for the stock on 17-Mar-17. Berenberg also Upgrade the company to Buy on 2-Mar-17, 2016. Additionally, Barclays Upgrade its ratings on the stock to Equal Weight.

[cfc1] 28/4/2017 14:48

Polar....yep you're right but the CFO is going and there is a load of people involved in stuff with the US team. Still not a bad day....
im off to the gym before a 'heavy night' out!

[polar fox] 28/4/2017 14:44

We can only guess, so probably not a lot of point. CFO cannot be meeting with Brand yet, but could be meeting with the bank's lawyers possibly??

If Brand is confirmed in the next week or so, realistically, I doubt anything of great significance would happen for 1-2 months, while she gets to grips with the case. That takes us to July-ish, with a one month window before Washington decamps for the summer hols. It wouldn't surprise me if this drags on into Sept/Oct therefore. Trump's people may not be aware of this 'funding opportunity' yet, but will surely want to milk it for as much as possible. I wonder if Trump's golf courses bank with RBS and what he personally thinks of RBS.

Enough - all speculation!

[cfc1] 28/4/2017 14:21

news....the CFO is heading out to the US this weekend according to a VERY reliable source within the bank. They expect the settlement to be below $11B and so does city but who knows with Trump's people in...but thye are much friendly to banks than the old bunch.

[cfc1] 28/4/2017 13:53

we need that damn DoJ fine out of the way Polar - wonder what the DoJ will TRY and hit RBS with - any views? I think it will be bigger initially than DBs but then that settled at $7B so will the DoJ see sense and not try it in for $20B before agreeing at $10B?

[polar fox] 28/4/2017 13:44

I've been out since 8.30 and it's encouraging to find the share price at 265p on my return.

cfc, here's some broker stuff:

RBS shares broke through the 264p mark in early trading, the first time above this level in more than a year, and by 1100 BST were up 1.7% at 257.75p.
Analyst Gary Greenwood at broker Shore Capital said while the bank continues to make progress at an underlying level, there remain a number of significant legacy issues that continue to overhang the investment case, including RMBS settlement and agreeing the alternative proposals to a sale of its Williams & Glyn unit as part of a European Commission investigation.
"So, despite recording a Q1 statutory profit, it is expected that the full year result will be another year of losses (taking RBS to a decade of losses) before the group is anticipated by management to move back into profit in 2018."
Hargreaves Lansdown analyst Laith Khalaf noted that the retail bank appeared to be chugging along quite nicely and even the investment bank chipped in with some decent numbers.
"It’s too early to pop the champagne corks though, because the US Department of Justice is likely to play the role of party pooper at some point, by landing RBS with a massive fine," they said, with the W&G saga likely to cost RBS more money.
"These longstanding problems aside, this could be the year when RBS finally starts to look a bit more like a swan, rather than an ugly duckling," Khalaf said, with the state's 73% stake still languishing at around half the price paid during the bailout.
Russ Mould at AJ Bell opined that the low underlying growth on offer from banks and the relatively low quality of earnings increases means they will need to offer a juicy dividend yield to entice investors to hold the shares and compensate them for the risks involved.
“RBS today has reaffirmed its goal of reaching profitability in 2018 and the announcement of a reorganisation of its share capital in 2017 gives the lender greater scope to resume dividend payments, which have been absent since 2007.”

[karateboy] 28/4/2017 13:32

All the way to 300p . I can't remember what price government bought its holding. It was above 300p. Any body with better memory.

[cfc1] 28/4/2017 13:11

where are you reading the upgrades Gcom?

[cfc1] 28/4/2017 12:58

gcom2....break and hold above 260p then opens up 300 and beyond...imagine when gov't sells off, DoJ fine out of the way and Chinese come sniffing and or big institions....call me stupid (don't care) but this will smash through 500p in the not too distant future. it was 5600p and post reversal prices!!

[gcom2] 28/4/2017 12:55

being upgraded by brokers

[cfc1] 28/4/2017 12:24

bluster...what does that all mean???

[cfc1] 28/4/2017 12:22

reddead or whatever your name is....just get on board...you're not too late....cheers! :-)

[blusteradjuster] 28/4/2017 11:45

Something approaching stability.

Still some dodgy "assets" to offload but not a lot.

Litigation costs still a risk?




Is this £30bn they can (at least in part) give to shareholders?


-- It is our intention to implement a capital reorganisation
in 2017 in order to increase the distributable
reserves of the parent company, RBSG plc, providing
greater flexibility for future distributions
and preference share redemptions. We intend to
seek shareholder approval to reduce the share
premium account by around GBP25 billion and to
cancel the capital redemption reserve of around
GBP5 billion. This will, subject to approval
by shareholders and regulators, and confirmation
by the Court of Session in Edinburgh, increase
RBSG plc distributable reserves by around GBP30
billion. As at 31 March 2017, distributable reserves
were GBP7.9 billion.

[redordead1] 28/4/2017 11:27

I read Uncle Arthur's comment, 'The rise in the GBP against the USD, will add more to the value of RBS than the views of Hammond.' with incredulity, RBS are likely to recive a $10b fine in the US and the change in rate has done nothing but increase the cost of the fine! A further $1.5b should have been allocated just to cover the rise in the GBP and they have allowed ZERO! Of course this would have seen YET ANOTHER LOSS