Royal Bank Of Scotland Share Discussion Threads

[maxk] 08/1/2018 09:05

More heresy..



Brexit: why the UK economy hasn't led to buyer's remorse


Larry Elliott

[leedskier] 08/1/2018 08:35

Perhaps there will be no reshuffle of the key posts.

[leedskier] 08/1/2018 07:44

Flat opening.

[dbesim1] 05/1/2018 21:21

Yes, it’s not recent. I post up snips from the past. Hope it’s ok too.

[polar fox] 05/1/2018 20:53

For the sake of transparency, folk should note that the TA above was originally published on Dec.19 on iii - I read it then. From what I've seen, yesterday and today, be a little careful with this lady's posts.

[dbesim1] 05/1/2018 19:30

Can RBS shares break out to 300p and a two-year high?
[...]
The Royal Bank of Scotland (LSE:RBS)

It's time for our monthly moan about RBS (RBS), the bank that likes to say "doh".

Oddly though, for four days earlier this month, the company share price actually managed to close a session above the trend since 2008 - currently 279.25p. Usually this is something giving some hope, suggesting a downtrend which can be bettered.

Or perhaps we've drawn the wrong line?

This is actually doubtful, given the level of fascination the share illustrates against this blue line. It does tell us, rather than hoping for a trend break, the only signal we now dare trust shall be this banks share price illustrating "higher highs".

If we were asked to pick a "safe trading scenario", it appears closure now above just 286p should produce circumstances where growth to a near term 302p makes a lot of sense. Equally sensible, though unlikely if we say it aloud, is the secondary which calculates as a longer term 353p.

To be fair, the price has already ticked many of the boxes allowing for 353p making a guest appearance in the future and our only worry has been the respect shown by the market to this downtrend. It's almost as if "they" do not wish this price to go up just yet.

If this reticence against growth is indeed correct, the immediate red uptrend since 2016 is currently lurking at 256p and presents a real risk of the share remaining trapped for a while. Below red would certainly justify some alarm, along with a trip down to 244p. Visually, this would stink and tend confirm the market does not wish RBS share price to head into the santa zone, onward and upward.

[leedskier] 05/1/2018 17:21

polar fox, Trump is a gift that just keeps on giving.

[leedskier] 05/1/2018 17:19

Rather like the highly successful USSR wheat harvests. The only problem was that they could not get the wheat to markets and it was left to rot.

[maxk] 05/1/2018 15:34

Oh dear, the wrong kind of productivity..

[polar fox] 05/1/2018 15:08

From CNN today - a delicious read:

Michael Wolff to Trump: 'Where do I send the box of chocolates?



Author of bombshell Trump book speaks out

Michael Wolff says his explosive book about President Trump is accurate, despite the White House's attacks. And he appreciates all the free promotion from the president.
"Where do I send the box of chocolates?" Wolff asked playfully in his first interview about the book, "Fire and Fury," which became the country's hottest book in the last two days.

"Today" show host Savannah Guthrie asked: "You think he's helping you sell books?"

"Absolutely," Wolff said, and "he's helping me prove the point of the book."

What Wolff portrays as Trump's instability is one of the troubling themes of "Fire and Fury," which was supposed to be released next Tuesday. Leaks and excerpts from the book and a legal threat from one of Trump's personal attorneys caused the publisher, Henry Holt, to move up the release to Friday.

Wolff cozied up to White House sources like Steve Bannon and spent months inside the West Wing last year, which is why Trump's Thursday night tweet was so curious.

"I authorized Zero access to White House (actually turned him down many times) for author of phony book! I never spoke to him for book. Full of lies, misrepresentations and sources that don't exist," Trump tweeted.

Wolff told "Today" on Friday that he "absolutely spoke to the president" while working on "Fire and Fury."

"Whether he realized it was an interview or not, I don't know, but it certainly was not off the record," Wolff said. "I've spent about three hours with the president over the course of the campaign, and in the White House. So, my window into Donald Trump is pretty significant."

White House aides have depicted the book as a work of fiction. In fact, some of Wolff's reporting has already been corroborated. But the book also contains some errors, according to early reviewers.

"This author is quite frankly a crackpot fake news fantasy fiction writer," deputy press secretary Hogan Gidley said on CNN's "Erin Burnett OutFront" Thursday night.

On Friday morning, Guthrie asked Wolff: "You stand by everything in the book? Nothing made up?"

"Absolutely everything in the book," he said.

Importantly, Wolff said he has receipts: "I work like every journalist works. I have recordings, I have notes. I am certainly and absolutely, in every way, comfortable with everything I've reported in this book."

Wolff has a controversial track record. He has racked up scoops over the years, but critics have at times accused him of sloppy or unethical reporting practices.

Trump might have been alluding to this in his Thursday night tweet: "Look at this guy's past and watch what happens to him and Sloppy Steve!" (That's presumably Steve Bannon.)

Wolff responded on Friday morning: "My credibility is being questioned by a man who has less credibility than, perhaps, anyone who has ever walked on Earth at this point."

With "Fire and Fury," there has already been speculation that Wolff burned some of his sources, using material that was meant to be "off the record."

His own description of his reporting indicates that he capitalized on the dysfunction in and around the Trump White House to gain access.

While working on the book, he also publicly flattered his sources and criticized other news outlets for being too tough on Trump.

On the "Today" show, he said, "I said what was necessary to get the story."

As for Thursday's extraordinary cease and desist letter from Trump's personal attorney Charles Harder, the publisher responded, "We see 'Fire and Fury' as an extraordinary contribution to our national discourse, and are proceeding with the publication of the book."

The book soared to No. 1 on Amazon's best selling books list on Wednesday and has remained there ever since.

One bookstore in Washington even held a midnight release party for the tell-all.

Harder has not responded to CNN's requests for comment about the new release date or the prospect of legal action against the book.

unquote

[leedskier] 05/1/2018 13:04

January 4, 2018, 7:33 PM GMT Updated on January 5, 2018,
Crispin Odey’s European long-short equity fund deepened its losses in December, pushing its decline for 2017 to more than 20 percent, according to a performance document seen by Bloomberg News.

The Odey European fund, which is overseen by the hedge-fund manager himself in London, fell 8.2 percent in its euro share class in December, the document shows. This follows the firm’s 49.5 percent slump in 2016, its worst annual decline since it started trading in 1992.

Depending on the share class, the fund fell 20 percent to 22 percent last year, according to a separate investor document.

[leedskier] 05/1/2018 09:07

The rumour is that there is to be a Cabinet shuffle which will see BJ replace DD as Brexit Secretary and Amber Rudd move to the F.O. -- it is unclear who will be the new 'policeman' to enforce T.M.'s immigration policies.

[dbesim1] 04/1/2018 19:59

..and

‘Secret Boris Johnson column favoured UK remaining in EU’ (16 October 2016)

[leedskier] 04/1/2018 10:02

It is curious that as much of the planet moves politically to the right and far right in the case of some, the UK teeters on the brink of moving to the far left.

[leedskier] 04/1/2018 09:42

Perhaps there should be a "Happiness Index" published every month.

[leedskier] 04/1/2018 09:25

The Telegraph with its narrow agenda may fantasise that the EU will soon all end in tears, but the hard data suggests it is in robust health.



Eurozone growth hits near seven-year high

Breaking: Europe’s companies have posted their strongest growth since 2011.

The eurozone composite PMI, which measures activity across the region, jumped to 58.1 in December, up from November’s 57.5.

[leedskier] 04/1/2018 09:04

Debenhams’ profit warning has spooked other UK retailers too.

Marks & Spencer are down 2.7%, the worst performer on the FTSE 100, on fears that its Christmas may have been less sparkling than hoped. Dixons Carphone have dipped too.

Connor Campbell of Spreadex says Debenham is in a tough fight:

After Wednesday saw Next provide its retail peers with some post-Christmas optimism, Debenhams gave the sector a reality check this Thursday as it became the first casualty of 2018.

A 2.6% drop in like-for-like sales following a ‘volatile and competitive’ festive period forced the firm to issue a profit warning, with the ailing high street staple forecasting its full year figures to come in somewhere between of £55m to £65m, way off the £83m expected by analysts.

Inevitably this caused a wave of investors to jump ship, the stock plunging 20% to sub-28p – Debenhams now faces an uphill battle to avoid becoming the next BHS.

[leedskier] 04/1/2018 08:54

9:30am

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