Royal Bank Of Scotland Share Discussion Threads

[equalibrium] 15/8/2018 14:35

Quick question Polar fox

Am I right in saying if I buy RBS again and get on their register before 22nd August I would be entitled to the dividend

[smurfy2001] 15/8/2018 14:26

Fantastic news! :) Look forward to a much larger final dividend!

In accordance with its intention announced on 3 August 2018, the RBS Group today declares an interim ordinary dividend of 2 pence per share.

The dividend shall be paid on 12 October 2018 to shareholders on the register at the close of business on 24 August 2018. The ex-dividend date will be 23 August 2018.

[maxk] 15/8/2018 14:13

The thug's gone very quiet.

[gcom2] 15/8/2018 14:10

Waiting for 23,2p here stillIt need some more good news to get it lower

[equalibrium] 15/8/2018 12:46

Polar fox I know this is the worst call I have ever made in my life

Made my biggest loss on this share

Luckily i have only invested what I can afford to lose so OK but I miss called this one

I thought as soon as outstanding events was sorted it would go to £3+ not thinking that the government would off load so early and so cheaply

What a mistake to maker

Sold out and will maybe revisit in September.

[polar fox] 15/8/2018 12:14

As I warned last month, 240p is absolute;y crucial - look across the L/T chart, back to last year. If it gives way, watch out.

[polar fox] 15/8/2018 08:57

E,

Three weeks ago you posted - "£3 easily by end of September".

Don't quit your day job, is my advice.

[tfergi] 15/8/2018 08:17

Yes and no doubt Brexit.Share sales will be v good for the share price in the long run.

[purplepanther] 15/8/2018 08:17

Rightly so - it was something like a 10p discount last time and the shares then promptly fell another 20p so 210p or thereabout here we come.

[equalibrium] 15/8/2018 08:14

I think people are nervous about the next government sale of shares which is allowed from September 3rd (I think)

[tfergi] 15/8/2018 08:06

Up a whopping 0.4% this morning on confirmation of the dividend payment.

[jpjohn1] 15/8/2018 07:48

I5 mins before start, I have the FT +20 at the moment.

[jpjohn1] 14/8/2018 21:28

Interesting polar to see what happens hear and the other banks. UBS reiterated a buy here last Friday was 285p now 300p & yesterday Deutsche bank reiterated a buy and changed 312p to 315p

[maxk] 14/8/2018 21:21

Cheers polar.

[polar fox] 14/8/2018 21:10

Department of Justice

Office of Public Affairs

FOR IMMEDIATE RELEASE
Tuesday, August 14, 2018

Royal Bank of Scotland Agrees to Pay $4.9 Billion for Financial Crisis-Era Misconduct

Settlement Is Largest Penalty Imposed On A Single Entity By The Justice Department For Financial Crisis-Era Misconduct

The Justice Department announced today a $4.9 billion settlement with The Royal Bank of Scotland Group plc (RBS) resolving federal civil claims that RBS misled investors in the underwriting and issuing of residential mortgage-backed securities (RMBS) between 2005 and 2008. The penalty is the largest imposed by the Justice Department for financial crisis-era misconduct at a single entity under the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, which authorizes the federal government to seek civil penalties against financial institutions that violate various predicate criminal offenses, including wire and mail fraud.
more........

There should be an RNS.

This will open the door 1. For the interim 2. Whitehall dumping up to 1.5bn shares or so, probably anytime after 3 Sept. would be my guess.

[sbs] 13/8/2018 19:09

RBS seems to have avoided any backwash from the Turkey debacle.

[smurfy2001] 10/8/2018 13:02

Hardly booming at 34p was 1200p in 2013 lol

[costax1654x] 10/8/2018 12:50

Anyone knows why Sosandar is booming?

[leedskier] 10/8/2018 12:36

Yes the politicians just have to get their act together over the shape and form of the UK's departure from the EU and RBS should do well.

I am away next week, will look in from time to time. May not post pre market.

[smurfy2001] 10/8/2018 12:25

So lots of scope for dividend increases and/or sharebuy back in future.

A "now" exciting recovery stock.

[smurfy2001] 10/8/2018 12:23

DM
Hey, how about this

11:56 am
DM
Someone likes RBS

11:57 am
DM
UBS have turned buyers on the basis of undervalued capital optionality, obvs

11:57 am
DM
RBS' 2Q18 pre-provision profit generation was in line with market expectations but capital generation was again much stronger than forecast: CET1 at 16.1% is £4bn or 13% of market cap above target despite consigning the DOJ RMBS investigation, £2bn in pension contributions and a chunk of restructuring spend to history. The first dividend in a decade didn't dent the balance sheet either: significant special dividends or buybacks – perhaps direct from government – are needed to stop this undervalued surplus capital from growing further. We think earnings and excess capital are undervalued at a buyback-adjusted medium term P/E of 6-7x; upgrade to Buy.

11:57 am
DM
Bank buybacks are probably a post-not-hard-brexit scenario kind of affair, but there you go

11:58 am
DM
Don't have much to add to the sewing club chat

11:59 am

[smurfy2001] 10/8/2018 11:42

SIMON LAMBERT: We've been told interest rates will stay lower for longer, so could a chaotic Brexit really see them hit 4%?

[maxk] 09/8/2018 23:08

He probably thinks he can take it with him.