Royal Bank Of Scotland Share Discussion Threads

[leedskier] 29/5/2018 09:25

European bourses are being hammered on the back of the shock news from Italy, which could lead to a constitutional crisis after the election to be held in the Autumn.

Earlier Italy's index was off 3%, Spain 2.5%, France & Germany 1.5%.

BARC is falling in line with RBS.

[raffles the gentleman thug] 29/5/2018 09:23

But that's what I mean re RBS versus Taylor Wimpey - both are critically dependent upon the health of the U.K. housing market - and whilst the market expects the former to pay out a paltry £900m off a £33.5bn market cap the latter will be paying out at least £600m a year for the next FIVE years off a £6.6bn market cap. Easy choice really especially as you get none of the incompetence RBS and UKGI offer you

[smurfy2001] 29/5/2018 09:20

If they declared a dividend the share price would be much higher wouldn't it? So why not do that as quickly as possible then proceed with the sale? You'd think that would make sense...

[polar fox] 29/5/2018 09:11

It's almost immaterial at this point, but the consensus has nudged up to 7.55p from 7.27p last week.

[raffles the gentleman thug] 29/5/2018 09:08

Well LLOY is a totally duff threat polar with little but hatred frankly from the vast majority of posters there. Re RBS I wouldn’t sell here because as soon as this placement is out of the way and dividend news released it should recover easily. But slightly longer term I ask myself why support a domestic bank when domestic house builders can give me a much better bang for my buck with far higher yields, and squeaky clean balance sheets. Really the recent Taylor Wimpey news was momentous and sign of serious confidence for the future - and I for one can’t see the Bank of England doing anything than succumb to the U.K. governments desire to continue to try to inflate our way to growth

[equalibrium] 29/5/2018 09:01

Thanks scamper
But what was the market expecting surely this was always gonna be the case.
You’d think they would have announced a dividend first I supose

[gcom2] 29/5/2018 08:58

Stuck a buy order in at 27pDivi to be announced his weekFine came in 7bn under

[polar fox] 29/5/2018 08:56

Spot on, Raffles. It's helping the Lloyds DRIP today, if that's any consolation. FYI, I may stop posting over there, largely as a result of the arrival of jpj, a serial liar with some sort of personality disorder.

[scamper] 29/5/2018 08:52

Potentially £billions of shares coming into the market to be sold...govt would have to sell at discount to current price. Buyers could also sell ahead and pocket the difference/protect themselves.
If i were to flip the shares, that's what i would do.

[equalibrium] 29/5/2018 08:49

I may sound stupid but does nt the market want rbs to be sold back out of government control
So why is it falling ?

[raffles the gentleman thug] 29/5/2018 08:49

And someone in UKGI needs to get the sack for leaking sensitive news to Sky every five minutes

[raffles the gentleman thug] 29/5/2018 08:44

To be honest I can't be bothered to hold it anymore. It's pathetic they can't immediately declare a dividend; pathetic the government feels the need to leak what it might or might not do; pathetic that the U.K. economy is likely to remain in life support of negative real interest rates for the next decade with no likelihood of fiscal policy taking over from monetary policy. So feel U.K. banks are a ticket to nowhere. And meanwhile I've got great companies like Taylor Wimpey which will pay me a 9.5% yield for the next five years whilst RBS can't make up its mind what to do

[smurfy2001] 29/5/2018 08:26

Given the Sky news report i've dumped my ISA holding 274.6 holding @ 283.6

[polar fox] 29/5/2018 08:10

Headless chickens. And these are the people in charge of the country's purse strings in the months leading up to Brexit.

[polar fox] 29/5/2018 07:38

What a mess, eh? - all talk and no action, and trading starts in a few minutes.

[leedskier] 29/5/2018 06:30

The spin for selling the markets has switched from North Korea to Italy.

[leedskier] 29/5/2018 06:24

FTSE100 to open down some 35 points.

Oil was hammered on Friday in the USA. Brent currently $75.

[leedskier] 29/5/2018 06:20

CityAM is carrying the story too.

[polar fox] 28/5/2018 17:34

Thanks, Raffles. The AGM is on Wednesday - I would have thought the smart thing to do, is to use that to get some bullish news out and thereby encourage City interest, in particular some guidance on the dividend front. Unlike Lloyds, RBS does usually issue an RNS update just before the AGM starts.

Going back to 2015, the discount was about 12p, as I posted - 3.5% or so. Apply that to Friday's 290p and 280p would be the equivalent to 330p then. I'm not forecasting that, just indicating the parallel - £3bn would be more ambitious and the share price is lower than 8/15.

[smurfy2001] 28/5/2018 14:12

No wonder the share price has been stagnant. Dividend news would be very welcome too.

I'd like to see RBS approach the Government to buy back/cancel shares. That would be a great way to increase shareholder value.

[raffles the gentleman thug] 28/5/2018 14:09

The government is poised to sell a multibillion pound stake in Royal Bank of Scotland (RBS), resuming a huge privatisation programme that has been stalled for three years.Sky News has learnt that City bankers and investors have been ?primed to expect a disposal of part of taxpayers' 70.5% shareholders, potentially as soon as this week.

[barmiddleton] 25/5/2018 17:20

Great news CI, very pleased for you!

[m1k3y1] 25/5/2018 16:25

YaY !!!! Congrats CI, well done for sticking with it .

[chinese investor] 25/5/2018 16:09

My claim has finally been accepted.

[ramco] 25/5/2018 12:55

filled that gap yet smurfy ...it was around these levels if I recall...;)