Royal Bank Of Scotland Share Discussion Threads

[polar fox] 26/3/2018 21:07

The guy who heads up UKFI is quitting and returning to the City. So now the FT is reporting that UKFI is confident of cutting the govt stake despite his departure. A snippet from Google:

The government has committed to restart selling its 71 per cent stake in RBS by next March, despite currently sitting on a loss of almost £27bn after injecting £45.8bn into the bank during the financial crisis. The independent fiscal watchdog currently forecasts £3bn worth of share sales in each of the next five ...
unquote

Of course, much depends on the DoJ, as well as all the usual considerations. The implication remains, I think, that selling below, say, 300p, is something the govt is prepared to consider - it needs the cash!

[polar fox] 26/3/2018 14:39

This probably explains today's perkiness:

Deutsche Bank has upgraded its recommendation on Royal Bank of Scotland as the shares' underperformance "is not justified".

Deutsche, which moved up to a 'buy' rating from its previous 'hold' but trimmed its target price to 305p from 315p, noted that RBS has underperformed Barclays, Lloyds and the wider European market so far in 2018.

Part of this under-performance is seen as relating to a change from RBS management's guidance at the recent full year results, where no explicit cost target was given for 2020 or a reduction target for 2018.

"But the underperformance doesn’t appear to reflect the change in UK rate expectations since the beginning of the year," analysts said, with the implied policy curve having risen >25bps for one-year to three-year, "and RBS’s interest rate sensitivity on most recent disclosures, now amongst the most geared in Europe".

With UK rates almost certain to rise sooner than those controlled by the European Central Bank, the share price and valuation of 8.8 times 2019 expected earnings per share "represents an attractive entry point".

unquote

[chinese investor] 24/3/2018 11:28

"The amounts that are being paid out to eligible Claimants on an interim basis represent 30p per verified share for those Claimants who paid a subscription or joining fee to participate in the litigation (which includes almost all of the Retail Claimants) and 20p per verified share for those who did not (and where
funder costs are therefore deducted)"

So Signature have got some information on the Action Group Fees (this might have come via RBS).

[m1k3y1] 24/3/2018 11:03

If they haven't contacted you, I would take it that they don't need to .
Good news that some money is being paid out but a lot more to come and , I would like an investigation.
GL

[g1945] 24/3/2018 10:42

m1k3y1 - No they haven't confirmed anything. They said in a letter that they wouldn't be doing that. They did say however that they would contact those who needed further confirmation info. I haven't heard anything since I sent them what they asked for so hopefully I will be ok. On the other hand they maybe haven't got round to dealing with mine. It's anybody's guess.

[chinese investor] 24/3/2018 10:22

I haven't been told whether I've been verified or not.
This is totally unsatisfactory !
I'm expecting £1,188 !
I'll just wait for the postman !

[m1k3y1] 24/3/2018 10:09

g1945
havn't the solicitors confirmed whether you have been verified ?

[g1945] 24/3/2018 08:17

I got an email as well but I still don't know whether my claim has been verified so I'll just have to wait and see I suppose. It's all a bit of a shambles.

[chinese investor] 23/3/2018 20:43

GL to you !

[m1k3y1] 23/3/2018 20:34

Fingers crossed .
I got the e-mail tonight also CI .
GL

[chinese investor] 23/3/2018 20:05

Apparently I'm getting around £1,200 next week.

[sux_2bu] 23/3/2018 13:41

Well done smurfy. Good work.

[smurfy2001] 23/3/2018 13:25

Lovely bounce on the FTSE. Pleased with my charting on this one.

[smurfy2001] 23/3/2018 10:09

Hoping the FTSE holds!

[leedskier] 23/3/2018 08:39

A sign of the times when NEXT (one of the few risers today) sold nearly as much online as in its shops.

[leedskier] 23/3/2018 08:34

FTSE250 and Aim both down more than 1%.

[leedskier] 23/3/2018 08:06

In fact opened some 0.37% down.

[polar fox] 23/3/2018 06:43

It's just an opinion piece - can't see it changing anything.

THIS is all that matters, for the time being:

"Ross McEwan, the RBS chief executive, more or less admitted this week he had no idea when the bank would be able to settle.

He told an investor conference: "I've got the timing of this completely wrong for the last 15 months. I thought we would've had it tidied by end-2017.

"All I'd say is that it will hopefully be in 2018."
unquote

Naive optimists should take note, I suggest.

[raffles the gentleman thug] 23/3/2018 06:15

Little odd Sky's interest here ...https://news.sky.com/story/sky-views-us-must-stop-dragging-its-feet-over-rbs-fine-11300681

[smurfy2001] 22/3/2018 22:34

FTSE futures -74