Royal Bank Of Scotland Share Discussion Threads

[sharesoc] 20/3/2018 18:12

RBS Confirms Shareholder Committee Resolution will be put to AGM Vote

[leedskier] 20/3/2018 10:19

Lower than consensus forecasts at 2.7%.

[leedskier] 20/3/2018 07:32

UK inflation data this morning.

[smurfy2001] 19/3/2018 17:33

It's a good idea start fresh. I imagine their current technology would be very expensive to refactor just too big and old. Technology in banks tend to lag behind.

[smurfy2001] 19/3/2018 14:57

Very lucky punt Leeds...Was another PFG.

[leedskier] 19/3/2018 14:53

You did well on your day trade there smurfy.

The spin for the FTSE100 being hammered today is the rise in Sterling on the back of the transition deal being agreed. It seems to matter not a jot that the UK now finds itself subject to all the constraints, bar 1, that currently apply during the transition period, but without any legislative voice or vote.

What can the UK do?

Shop around for and sign-up trade deals outside the EU. Will Russia be in the long queue of countries willing to sign-up? Come to think of it, will the USA?

[smurfy2001] 19/3/2018 14:24

Breathtaking recovery on MCRO.

[smurfy2001] 19/3/2018 13:08

"Activist shareholder" are two words almost guaranteed to make chief executives choke on their morning coffee.

It usually means that someone with a lot of money thinks the CEO is not doing a very good job of running the company and maximising its value.

The news that activist investor Edward Bramson has taken a 5% share in Barclays had an instant effect, pushing the share price sharply higher as investors reflected on his track record of increasing the value of companies by muscling his way onto the board, shaking up the management, returning cash to shareholders by selling off bits of the acquired business and improving what's left.

The question is just how "activist" does Mr Bramson intends to be. According to Barclays insiders the early indications are - not very.

They point to Mr Bramson's previous investment in buyout group 3i, in which he played a very passive role and for now portray his investment as a vote of confidence in a company that could be about to experience a couple of positive catalytic moments.

First, settling with the Department of Justice over Barclays' role in selling risky mortgages. The inevitable - but hard to estimate - fine has been hanging over the company as a known unknown for many years.

The second is the future of the CEO, Jes Staley, who has been under investigation by the financial watchdog for his attempts to unmask an anonymous whistleblower. Both these issues could be resolved in the next few weeks. That could give Barclays shares a boost if resolved positively as far as shareholders are concerned - namely a reasonably proportionate fine and Mr Staley surviving.

Mr Staley has already taken a pretty sharp axe to Barclays - exiting 20 countries including the whole of Africa where it had operated, sometimes controversially, for a century.

But one task that remains outstanding is separating the very profitable Barclays retail bank from its underperforming investment bank. If Mr Bramson agitated for that to happen, he would be on a direct collision course with Mr Staley - and then sparks could start to fly.

[smurfy2001] 19/3/2018 12:48

MCRO could be worth a punt if dividend maintained. Down over 50%.

[m1k3y1] 19/3/2018 11:08

agreed , they could but do they want to ?

[chinese investor] 19/3/2018 10:45

It would take less than a day to create the online database.
They then could send a username and password to members who then could check to view their status.

[leedskier] 19/3/2018 10:30

Yes I saw that smurfy.

Very brave.

[m1k3y1] 19/3/2018 10:23

Never too late CI but would they want to do it ?

[smurfy2001] 19/3/2018 10:20

Why is BARC steaming ahead?

Could Barclays be the recovery stock of 2018? Could this activist investor give Barclays a good kick?

==

Activist investor Sherborne takes 5pc stake in Barclays

Sherborne Investors or companies affiliated to it have acquired 5.16pc of Barclays’ issued capital, it said. The move makes it Barclays' fourth largest shareholder.

It spent £580m on its stake in Barclays, saying the investment indicates "a potential return... in line with Sherborne Investors' customary return objectives".



Mr Bramson has a track record of targeting UK companies, mostly notably Electra Private Equity, where he is due to step down as interim chief executive this month, having battled his way on to the board in 2015.

After taking control of Electra Mr Bramson slashed costs and sold off a series of assets, raising some £1.35bn for shareholders.

He previously staged coups at firms including F&C Asset Management, which was subsequently taken private by Bank of Montreal for £708m in 2014, telecoms business Spirent Communications, and chemicals firm Elementis.

[chinese investor] 19/3/2018 10:06

Is it too late to put a members' database online ?

[leedskier] 19/3/2018 10:06

MCRO helping. Now off 58%.

[leedskier] 19/3/2018 10:04

FTSE100 in melt down mode today.

-1.27%

[m1k3y1] 19/3/2018 09:55

Next Month ??? Why didn't they do it at the last hearing ?

[leedskier] 19/3/2018 08:56

I posted that too soon. If I had posted it now, it would have stated a fall of 52%.

[leedskier] 19/3/2018 08:46

This market is brutal.

Micro Focus (MCRO) shares down 47% this morning.

Quite a fall for a FTSE100 company.

[smurfy2001] 18/3/2018 16:23

I've been lucky commodities have been my biggest earners (VED & KAZ) although my 2nd half performance is not as good. I'm kicking myself for not investing in AAL.

Hopefully banks will be next big earners but i've been waiting a while.

[m1k3y1] 18/3/2018 12:16

Hopefully Signature will not pay them a penny.
Bring on the Formal Investigation !!