Royal Bank Of Scotland Share Discussion Threads

[niggle] 19/9/2018 08:42

Not s lot if chat about RBS on this thread. Where dues rhe 33p come from. Sorry, I’m a holder but new to this thread. Well the last post I read was in 2009 when I last looked at it!

[leedskier] 18/9/2018 09:29

No 10 mocks Boris Johnson for condemning EU backstop plan he originally endorsed - Politics live

[leedskier] 18/9/2018 08:37

I watched Newsnight last night on BBC2. A former Permanent Secretary for the relevant Govt Dept focused on the UK's departure was being interviewed. His explanation was simple.

Either the UK puts in place a legally binding backstop to ensure free movement of people, goods and services in Ireland or the UK crashes out next March.

[mclemon] 18/9/2018 01:34

leedskier, you'll have a lot more credibility when you pay those investors in XEL whom you helped mclala to swindle what you owe them.

I estimate a total of £8,500,000 will suffice.

Used the A66 recently on one of your jaunts back from the Baltic?

"skeptical", lol.

[leedskier] 17/9/2018 10:38

Telegraph ....



IMF warns of 'sharp declines' in asset prices if there is 'disorderly Brexit'
Anna Isaac
Real incomes have already been hit by Brexit headwinds, according to an analysis from global lender of last resort the International Monetary Fund (IMF).

The IMF predicts that the UK economy will grow at a rate of 1.5pc in 2018 and 2019.

Brexit had resulted in businesses investing at a lower rate than would otherwise had been expected, the IMF said. This had been partly responsible for moving the UK near the bottom of the G7 economic league table with growth of around 1.75pc in 2016-2017.

In its regular heathcheck - the so called IV assessment of the UK economy - the IMF also warned that there could be “sharp declines” in asset prices in the event of a “disorderly Brexit scenario”. The remarks echoed those from Bank of England Governor Mark Carney, who told a cabinet briefing that UK banks had been tested to withstand a 35pc fall in house prices.

“Above target inflation following the sharp post-referendum depreciation has slowed real income and consumption growth,” the IMF said.

There remained a “massive scope of work” to be done for Brexit preparations. These were likely to be “incomplete on departure day” it added.

The UK also faces a range of non-Brexit economic challenges, the IMF warned. Chief among these were “persistently lacklustre productivity growth, large public debt and the wide current account deficit”.

Chancellor Philip Hammond said: “We must heed the clear warnings from the IMF and others of the significant cost not securing a deal could have.”

[leedskier] 17/9/2018 10:32

The fall in the last half an hour may be linked to this ...



The IMF also warns that a no-deal Brexit would be much worse for the UK than the negotiated exit which Theresa May is pushing for.

Today’s report says:

Brexit negotiations have yielded agreement in principle on a 21-month implementation period. If ratified, this would allow important additional time to prepare for the new relationship between the UK and EU.

However, fundamental questions—such as the future economic relationship between the two and the closely-related question of the status of the land border with Ireland—remain unanswered. Resolving these issues is critical to avoid a “no deal” Brexit on WTO terms that would entail substantial costs for the UK economy—and to a lesser extent the EU economies—particularly if it were to occur in a disorderly fashion.

While all likely Brexit outcomes will entail costs for the UK economy by departing from the frictionless single market that now prevails, an agreement that minimizes the introduction of new tariff and nontariff barriers would best protect growth and incomes in the UK and EU. Over time, new trade agreements with countries outside the EU could eventually pare some of these losses for the UK. However, such agreements are unlikely to bring sufficient benefits to offset the costs imposed by leaving the EU.

[gcom2] 16/9/2018 09:12

"A special dividend could be used to pay about 33p a share to investors, who have not seen a penny from the bank for more than ten years."

Thats a yield of 13.5%?

[leedskier] 14/9/2018 18:22

10 green bottles standing on a wall ....




""Paul Manafort, the onetime campaign chairman for President Donald Trump, has agreed to fully cooperate with prosecutors and pleaded guilty to two counts of conspiracy in a federal courthouse on Friday, a dramatic shift coming on the eve of a second trial.

In court Friday morning, prosecutors revealed that Manafort had completed a successful meeting with investigators in which he offered them information they considered valuable. They did not specify what information he agreed to share, but made clear the cooperation would be “broad” and would include participation in “interviews, briefings, producing documents, [and] testifying in other matters.”

"You understand that you are agreeing to cooperate fully and truly" in this agreement? the judge asked. Manafort replied, "I do."

Special Counsel prosecutor Andrew Weissman told the court Manafort's "proffer session and cooperation ... led us to today." ""

[smurfy2001] 14/9/2018 16:59

Have a good weekend :)

There’s a video worth watching.

Next financial crisis 'has begun and will be worse than 2008 crash,' economists warn

[tradejunkie2] 14/9/2018 14:31

Have to take a dump had beans for lunch.

[blusteradjuster] 14/9/2018 11:08

And it is people amongst the elite (rich and/or well-educated) who are directing the masses against their fellow elites.

The difference between the two strands of elites? The populists more obviously lack morals.

[leedskier] 14/9/2018 10:49

More about all of that ...


""As an adjective, the word “elite” still conveys something positive, even aspirational: elite athlete, elite model, elite travel services. But as a noun, embodied by actual living people, it has become one of the nastiest epithets in American politics. “Elites have taken all the upside for themselves and pushed the downside to the working- and middle-class Americans,” complains Trump’s adviser Steve Bannon (of Harvard, Goldman Sachs and Hollywood). In this formulation, elites are a destructive, condescending collective, plotting against the beleaguered masses outside their ranks.""

[leedskier] 14/9/2018 10:35

I was watching some programme the other evening and discovered that the rise in popularism is a chain reaction by the great unwashed to those considered elite. Those who were once highly respected for their intellect and judgment are now the scapegoats for the lot of those destined to fail.

[bonda67] 14/9/2018 08:04

Carney does spout a lot of rubbish, and his financial prediction tend to be wrong

[leedskier] 14/9/2018 08:02

The Brexiteers are reviving their "enemy of the people" chants. Yesterday it was a leading CEU, today the BoE Governor being criticised.

""Mark Carney accused of spreading 'gloom' with no-deal Brexit prediction of 35pc house price crash"".

[smurfy2001] 13/9/2018 15:11

Incorrect it's much higher. I'd stress to RBS buy back a chunk of the government stake and cancel the shares, instant increase in shareholder value IMHO.





———;—

gcom2
13 Sep '18 - 08:31 - 151621 of 151627
4bn=18.25p dividend

[smurfy2001] 13/9/2018 14:50

Royal Bank of Scotland's chairman has admitted it is "unlikely" the government will get back all the £45.5bn pumped in to the bank.

Sir Howard Davies said restructuring costs, losses on loans and selling businesses meant RBS was valued at less than taxpayers paid for their stake.

"The focus on survival over a decade has had a cost," Sir Howard said.
"The bank was rescued to save the UK financial system from collapse, not as a financial investment," he said.

[smurfy2001] 13/9/2018 13:27

Let RBS spend that £4bn buying back and cancelling a chunk of the government stake.

But l doubt RBS will do the most sensible thing.

[scamper] 13/9/2018 13:19

Polar, agree.
Below 2.50, will they sell? IMO athough they need the money, a few billion is not huge, they have bigger fish to fry for now like brexit, they will sell above current price ~£2.70 unless the market looks very weak in which it is take whatever you can and run. They may get a better price from RBS (£4b worth)