Royal Bank Of Scotland Share Discussion Threads

[chinese investor] 18/2/2019 09:35

The 82p retail claimants (i.e. us) "owned" 244,000,000 shares.
Now we are told there could be 130,000,000 "phantom" shares.
i.e. 114,000,000 genuine shares.

Pot is £93 million and that is before the expenses !

[chinese investor] 18/2/2019 09:32

Vannin Capital won't want to wait until next year because they are keen to Float at the earliest opportunity.
A deal will be done.

[m1k3y1] 17/2/2019 11:12

Thanks
CI, interesting info as usual.
Have you got the rest of the Law 360 article please.
Can't believe the trial date is in 2020 !!!!
Ridiculous amount of time for claimants to have to wait for a resolution.

[chinese investor] 17/2/2019 08:17

Gayle Dunne, the wife of bankrupt property developer Seán Dunne, is the beneficial owner of a company that has loaned a “fraudsterR21; £1.45m to fight a legal action over access to a share of £200m in compensation awarded to thousands of shareholders of Royal Bank of Scotland in 2017.

The shareholders, who successfully argued they were “duped” into buying shares in a “cash call” by the bank months before it collapsed in 2008, have yet to receive their settlement because of a dispute between Corkman Gerard Walsh, the co-founder and “driving force” of the RBS Shareholders Action Group company, and Manx Capital, a company owned by British billionaire Trevor Hemmings, one of RBS’s largest shareholders and the lead claimant against the bank.

Manx Capital…..............................

[smurfy2001] 16/2/2019 11:25

Already posted.

[cfc1] 16/2/2019 11:01

when do rbs pay the 2018 final and special dividends?

[diku] 16/2/2019 08:18

Ne Haa Ma....

[chinese investor] 16/2/2019 07:53

Funders Behind £200M RBS Settlement Get 2020 Trial Date

Law360, London (February 15, 2019, 1:23 PM GMT) -- An investment company accusing Lloyds Bank subsidiaries and other institutional investors of failing to pay their share of the costs of securing a £200 million settlement for RBS shareholders will.........

[smurfy2001] 15/2/2019 23:18

The Government buy back is capped at 4.99% of market capitalisation, which is around £1.4bn at the current share price.

[polar fox] 15/2/2019 16:55

A week or two before Christmas, the share price traded down to a low of 200.10. Last week, it hit a high for this rally of 249.80. This afternoon it traded up to 249.60. So it looks promising for next week, like the market would like to see it above 250 again. We'll see.

[cfc1] 15/2/2019 15:12

Yep very good numbers - I've waited TWELVE years for RBS to start recovering fully.
Wonder what the 2019 divi will be now!

[polar fox] 15/2/2019 14:48

This excerpt is quite interesting for its numbers:

Broker Shore Capital noted that consensus was forecasting a 5.6p ordinary and 2.8p special dividend, so this is higher than expected, "although not all analysts (including us) had made explicit forecasts for one off capital returns even though there was a reasonable expectation of these being announced".

Despite this, RBS has "significant capital surplus" that ShoreCap analyst Gary Greenwood calculated, post dividend accrual, is worth circa £4.2bn or around 35p per share.

He said net interest margin was is 2bps better than reported in Q3 despite management previously guiding it to be flat to slightly down in Q4.

For the new year, the consensus forecast was for adjusted PBT of £5.15bn, adjusted diluted EPS of 28.0p, ordinary dividend per share of 8.4p.

"On the whole this was just what investors have been waiting for," said market analyst Neil Wilson at Markets.com, though he felt the prospect of the government selling down its stake "will act as a residual weight on the stock performance".

"The real question is just how quickly the Treasury decides to sell down its stake. Philip Hammond may well feel that a selling the roughly £18bn the government owns would be a nice little bonus for his Brexit war chest. At £2.41 on the close yesterday the shares are worth half what the govt paid for them, but needs must some times."

Wilson added: "There are some really encouraging numbers in this release. RWAs were down £12.2bn through active capital management, while the CET1 ratio - the core measure of the bank's strength and resilience to shocks - improved 30 basis points to a very healthy 16.2% [...] A negative on this report card was the drop in net interest margin but I think investors will be looking through this and focus solely on the jump in profits and dividends."

unquote

[khitchen] 15/2/2019 14:12

thanks got no Rolex

[m1k3y1] 15/2/2019 10:50

Agreed Bar, the sooner the better

[barmiddleton] 15/2/2019 10:33

I must say that that is a very welcome announcement from RBS, 11p per share is not to be sneezed at and, hopefully my shareholding will once again bring me continuous dividends annually. If only we could see the other matter resolved soon.

[gotnorolex] 15/2/2019 10:25

Ex-Div Date: 07 March 2019. Pay Date: 07 June 2019

[khitchen] 15/2/2019 10:17

if i buy shell today do i still get the divi ,or did that go yesterday

[scamper] 15/2/2019 08:52

L2 bid firming up as 9am nears

[shiv1986] 15/2/2019 08:28

Have you seen the ADVFN Twitter poll about Brexit?

[scamper] 15/2/2019 08:19

L2 thin order book, especially on the bid so far

[tfergi] 15/2/2019 08:18

Down now ??? I give up.

[polar fox] 15/2/2019 08:17

And the fact that the final is less than double the interim - McKewan not getting carried away and keeping an eye on dividend levels into the future.

[tfergi] 15/2/2019 08:06

Is that it !? What a rubbish rise.Definitely the dour Brexit out look holding it back.