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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Royal Bank Of Scotland Group Plc | LSE:RBS | London | Ordinary Share | GB00B7T77214 | ORD 100P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 120.90 | 121.35 | 121.40 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
21/10/2017 16:26 | Good question barmiddleton. I await the next communications from both of them with a keen interest ! Q8 to Signature. Will I get a breakdown of all of the costs deductions being taken from the settlement proceeds? A. Yes | chinese investor | |
21/10/2017 16:12 | It seems more and more certain to me that this latest court case scenario/farce created by the AG is all to do with Sig Lit's investigation into the AG's request for that £20 million. I can't see any other reason for it!! Regarding the latest letter from Sig Lit dd 20th inst one point in particular jumped out at me and horrified me at the same time. I'm referring to the FAQ's Q6, last paragraph of the answer, viz: "We also note that this firm never received any of the subscription fees paid by you to the Action Group, with all of the work done by Signature, experts and Council etc since our instruction, being paid for by third party funders. This is why we now need to deduct those costs from your settlement recoveries." So, where has all those substantial payments provided by us claimants/members of the AG over the years gone? It worries me that Sig Lit have not received a penny of it. I will be looking for the AG to provide us with a detailed statement of how all this money was spent once the proceeds have been disbursed and all legitimate claims paid. I don't know if we can force them to, though. You guys any thoughts? | barmiddleton | |
21/10/2017 15:55 | Indeed, the downside is that both the AG and the lawyers / Funders are now eating into the claimants settlement, with their legal spats against each other. I suspect this has to do with the 20m the AG are requesting. Sadly , the claimants interests appear to have been placed to the back of the queue now. it will be interesting to see what the Judge has to say at the injunction hearing (If it gets that far), regarding the claimants interests. | prophet_alexandre | |
21/10/2017 15:09 | It looks that way ! "The good news about the April settlement is that RBS has agreed to waive its right to recover costs against the settling claiments" | chinese investor | |
21/10/2017 15:03 | because a settlement has been reached between RBS and the AG, each side should bear their own costs. The Judge would not be involved in any settlement negotiations. | prophet_alexandre | |
21/10/2017 14:53 | Has the judge made a decision on costs yet ? Surely RBS should pay for their own costs and we pay for ours (Bird & Bird £6 million and Signature £20 million). | chinese investor | |
21/10/2017 14:35 | "Around 42% by claim value of the Shareholder Group Claimants (SGCs) have now settled their claims against the Defendants (“the April Settlements”). As a result of these April Settlements, the remaining SGCs became solely liable for the adverse costs of the proceedings from 27 April 2017 to the end of Trial 1 (estimated to be £10.9 million), and remain liable for :- (i) 58% of the adverse costs incurred between the December Settlements and 27 April 2017 (namely £8.4 million), and (ii) 58% of the SGCs’s share of the adverse costs incurred by the Defendants prior to the December Settlements (namely £16.2 million). The total potential adverse costs liability of the remaining SGCs is therefore estimated to be around £35.5 million. These figures are all exclusive of VAT." | chinese investor | |
21/10/2017 12:58 | Thanks for the hearing info Chinese. Will be interested to hear the outcome | prophet_alexandre | |
21/10/2017 09:47 | it is interesting to hear that the AG say they are not using claimants funds . Whose money is it then, as the only money I thought they had were the donations from claimants ? Don't forget this is a limited company. | prophet_alexandre | |
21/10/2017 09:22 | Q: I am concerned about additional costs being incurred as a result of the legal action between the Action Group and Manx – what is the position there? A. We strongly believe that this dispute could have been avoided, and so could the costs of it. We have therefore asked the Action Group to confirm that they are not using any funds received from Claimants such as yourselves for the purposes of the dispute, and they have provided this confirmation. As to our costs, we are seeking to keep these to a minimum, and if further costs cannot be avoided we and Manx will be considering the extent to which these costs can be recovered from the Action Group. | chinese investor | |
21/10/2017 09:21 | Action Group vs Manx A court hearing is listed for next Monday 23 October 2017 in front of Mr Justice Hildyard who has been the judge throughout. | chinese investor | |
20/10/2017 22:39 | Don't worry Chinese, in 50 years you'll break even. | tradejunkie2 | |
20/10/2017 20:44 | 265p cometh. Friday 27 October Royal Bank of Scotland (RBS) caps off a busy week for banking analysts. Pre-tax profits of £1.1 billion are forecast by UBS, with a strong quarter for capital generation expected, driven by lower risk-weighted assets in the capital resolution division. The firm has already guided towards a continuation of its shrinking NIM as the interest rate hedge matures. "However, our house view [on rate rises] raises the prospect of a better outlook for margins," UBS explains. No new information should be forthcoming on legacy litigation costs, but look out for an update on Natwest Markets revenues, which have "been on a tear" in the last few quarters. RBS trades on 10.9 times forward earnings, 1 times TNAV for a forecast ROTE of 9%. "With target price broadly in line with the current share price, no near term yield and uncertainty around the cost of any DOJ settlement, [we] remain 'neutral'," says UBS, which has a 265p target on the shares. | sux_2bu | |
20/10/2017 20:08 | I've just received an email from Signature and it looks good. I'll read it again tomorrow morning. | chinese investor | |
20/10/2017 11:09 | This is appreciating slowly but surely. | smurfy2001 | |
20/10/2017 10:28 | Government borrowing comes in lower than expected again, providing more wriggle room in next month's budget; public sector net borrowing at £6.5bn in September Bank of England deputy governor John Cunliffe puts the pound under pressure with dovish comments on hiking interest rates; sterling has slipped 0.3pc to $1.32320 against the dollar but remains in flat territory against the euro Miners lead FTSE 100 higher as Chinese industrial production figures come in stronger than expected | leedskier | |
20/10/2017 09:25 | And another one... Nicola Sturgeon accused of ignoring warnings about £12.3 billion cost of 'citizen's income' | maxk | |
20/10/2017 09:22 | We seem to be cursed with possibly the most incompetent bunch of chancers I can remember. | maxk | |
20/10/2017 09:15 | So what ? Haven't the tories let their supporters down ?? | raffles the gentleman thug | |
20/10/2017 09:12 | hoping that 3 years will be a long time in politics. Still hard to imagine Corbyn walking through the door at no.10. Economic realities will ensure that he lets his supporters down. | careful | |
20/10/2017 08:55 | An oft used expression when someone is being considered for promotion is 'that they will grow into the job'. Meaning that the weight of the responsibility coupled with the promotion will sit well on their shoulders. Something quite remarkable has happened in British politics since the Party Political Conferences of the two major parties, Theresa May had a shocking conference and has appeared like a rabbit in the headlights ever since. Jeremy Corbyn on the other hand had a brilliant conference and as each day passes looks more and more like a Prime Minister in waiting. The same thing happened during John Major's term as Prime Minister. Blair's coronation was a given before the election, the only question was how large would be his majority. As it transpired the Conservatives were all but wiped out in 1997. James Callaghan,, who served in the Royal Navy in WWII, ahead of Margaret Thatcher's successful campaign in 1979 commented in private that he sensed a 'sea change' was about to occur in British politics. I think there is a sea change coming. Whether it will be a broad coalition involving the Labour Party, LibDems and others on the left remains to be seen, but I very much doubt that the Conservative Party will feature in the next Government if it continues to tear itself apart. | leedskier | |
20/10/2017 08:54 | I said a few months ago we would be £3 for xmas but we could be on for it sooner | scemer | |
20/10/2017 08:31 | Barring accidents RBS could clear 300p before the end of the month if its present rate of climb is to continue. | leedskier | |
20/10/2017 08:08 | 281.70 +1.60 (0.57%) | leedskier |
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