Royal Bank Of Scotland Share Discussion Threads

[dbesim1] 14/10/2017 17:12

I don’t know if I’m making much sense here but I find most of the major banks have very low share prices when you consider that they are being used on a daily basis by all the major companies on the stock exchange. This includes RBS, LLoyds, HSBC and Barclays. Investors have been saying that these institutions are undervalued for years and the most investable companies. Leedskier. Does the challenge posed by Brexit present new issues and prevent these major major banks from making the expected rises people have been waiting for? It’s been a long time and the market movement has been slow. Do you suppose Brexit will prevent rises from happening or merely just stall it. That’s just anybody’s guess :D

[bonda67] 13/10/2017 18:09

The European situation would be laughable if it weren't so serious

[chinese investor] 13/10/2017 15:43

profit,
I'm gonna find out if that is true !

[leedskier] 13/10/2017 15:29

275.20 +1.00 (0.36%)

[prophet_alexandre] 13/10/2017 14:50

I believe that the settlement figure of 200m is to be paid regardless of whether the number of claimants is reduced. I would be interested to hear if this is not the case.

[chinese investor] 13/10/2017 14:41

All the Action Group had to do was to get valid members on board and choose a solicitor.
The solicitor should have updated members directly - it wasn't a job for the Action Group.

[barmiddleton] 13/10/2017 14:33

Looks more and more likely that we claimants were merely the bait to get any settlement in order for unknown officials of the AG and others (cronies?) to obtain huge fees from said settlement. I am almost certainly now going to nail my petard firmly to Signature Litigation's mast from here on in. I don't like being a pawn in anyone's games and the AG is beginning to create a very bad smell!

[chinese investor] 13/10/2017 14:27

If the Action Group had less than 27,000 valid members then RBS would have offered a larger Settlement (possible 120p) !

[chinese investor] 13/10/2017 14:23

Signature have also said 73 million shares that had been "audited" probably never existed.
This means RBS, instead of having to fork out £200 million, will now have to fork out £60 million less !
So the Settlement Pot becomes £140 million of which £90 million goes to Costs !

What A Pantomime !

[prophet_alexandre] 13/10/2017 14:11

I guess you have to now question the interests of the AG.
Whose interests are they now acting for ?

[chinese investor] 13/10/2017 13:41

G1945,
Signature did say the £20 million was to be paid for "....and various associated third parties".

I took that to mean the early Funders.

[g1945] 13/10/2017 13:34

"It also appears the £20 million the Action Group want is to pay for the early Funding (i.e. "After The Event" insurance)."

Is this definitely the case or someone's thoughts on the matter. Signature Litigation told us that the Action Group had said that it was to pay directors, officers, controllers etc through a company called Evalusafety, (a director of which is Daniel Isman who is also a director of AG). Why would they say that if it was to pay for "After The Event" insurance)? Has the Action group changed its mind as to the reason for this payment being due to Evalusafety, a company which doesn't appear to have had any turnover since its inception??

[chinese investor] 13/10/2017 12:51

It further appears some Corporate Members would have been happy to be Funders but they lost confidence in the Action Group.

Lastly some Corporate members who left the Action Group owe us money !

[chinese investor] 13/10/2017 12:49

It also appears the £20 million the Action Group want is to pay for the early Funding (i.e. "After The Event" insurance).

Signature Litigation were unaware of this Funding and they feel there may have been duplicated Funding.

Why aren't us PIs being told who the Funders are and how much they are going to receive.

[chinese investor] 13/10/2017 11:19

It appears David Grossbard, solicitor - Joelson, and Daniel Isman are important people for the Action Group.

[chinese investor] 13/10/2017 11:15

So why didn't the Action Group set up an online member's database ?
They then would not have to send out 29,000 letters periodically !

There also could have been a member's blog - but I think the Action Group wanted us PIs kept in the dark - they certainly have done that !

[leedskier] 13/10/2017 07:02

Britain must call Europe's bluff and if it wants to go headlong into a no deal brexit ...Britain will just have to do the best it can,

but what is for sure is that Britain must not bend the knee to the bloody Germans!




Theresa May has been caught in a Brexit trap after EU leaders ruled Britain must pay up to secure future trade talks, while her own MPs demanded she make no more concessions.

The heads of the EU states agreed the UK had not made “sufficient progress” on the withdrawal divorce terms, according to a leaked statement drafted by Donald Tusk, the President of the European Council, just hours after confirmation that the talks are deadlocked.

[leedskier] 13/10/2017 06:06

David Buik‏
@truemagic68

European opening calls update courtesy of CMC MARKETS - FTSE100 -12 at 7,544, DAX +8 at 12,990, CAC40 +1 at 5,361, IBEX +12 at 10,287

[maxk] 12/10/2017 20:22

The fact of the matter is: they will all take big hits, either through exports lost or free money not received. The UK is a big net payer to the €U budget and a very big importer of goods from €uropa. (Germany again No1 winner)

Making up the shortfall will not be easy should it come to that.


Bundeskanzlerin Merkel is the big banana in this game, with Barnier and Davis as front men. May really isn't worth a mention, but remains so called head girl.

[cfc1] 12/10/2017 18:35

Leeds. agreed - and our negotiation teams know that. Merkel and co need to directly engage the UK gov't and stop these clowns in Brussels screwing up REAL companies dealings with UK.

[leedskier] 12/10/2017 18:33

I agree that the larger EU states:: Germany, France, Italy and Holland should stop posturing and shape up. The Germans and the Dutch in particular stand to take a big hit if their exports to the UK are impacted.

[cfc1] 12/10/2017 16:43

leeds..the question is WHO should we REALLy be negotiating with?! For me its Merkel and the French President. The rest we don't really give a toss about!
27 countries need to agree...really? What Latvia, Greece, Estonia etc etc...nobodies who have smaller economies that Dorset!
EU needs to get real....germans and French gov'ts need to realise that bunch in Brussels don't really matter!!!!

[prophet_alexandre] 12/10/2017 16:22

At the moment, approx 100m is being identified as to be allocated to funders, lawyers etc. The lawyers have suggested their end will be about 20M - 30M.
This leaves about 60M - 70M for funders .
Let's not forget that this is in return for NOT proceeding to trial AND it was the funders who made that decision. So, how much did the funders actually have to stump up, to get their 60M - 70M payday ?

In addition, it was the action group who agreed to the funders managing the claim, as a condition of funding (I believe) AND we are now informed the Action Group themselves are seeking 20M ???? Given that we are also (only now) informed, that the Action Group are NOT claimants, there remains the question in what capacity were they acting in overseeing the claim and what entitles them to consider taking 20m from claimants settlement monies ?

[chinese investor] 12/10/2017 15:51

This suggests Manx didn't get a windfall !

We should be told !