Royal Bank Of Scotland Share Discussion Threads

[polar fox] 05/8/2019 09:03

So it's just traded through 200 - the December support level is no more. Banks being sold off again.

IMO, it's largely about the threat of No Deal on the 31st.

[buywell3] 05/8/2019 08:18

Trump to put more pressure on the FED for two more rate cuts before the election next years.

EU to rate cut very soon

The currency wars are now in full swing

Rates are the weapon of choice for many

A rate cut by Carney BOE will sink the pound to parity with the dollar and euro

Super low rates and rate cuts are not good for banking sector or financial stocks

[buywell3] 05/8/2019 08:15

China's Yuan Falls Past Key Level of 7 to the Dollar

China's currency Monday fell past the psychologically important level of 7 yuan to the dollar, days after President Trump threatened to broaden U.S. tariffs to cover essentially all Chinese imports.

The depreciation is likely to exacerbate the U.S.-China trade dispute. President Trump and many other U.S. officials have long accused China of weakening the yuan to make its exports cheaper and gain an unfair advantage in trade.

[smurfy2001] 04/8/2019 20:33

I just enable dividend reinvestment on my platform?

[wilc42] 04/8/2019 20:10

Please don't be rude. We are all in it together. I suggest, if you cannot be civil to others, then please fall on your sword and leave. We appreciate your knowledge and learning from it, but not your rudeness.

[polar fox] 04/8/2019 17:09

There is no DRIP, you ignorant fools.

[smurfy2001] 04/8/2019 16:53

DRIP will be a no brainier at lower prices.

[wilc42] 04/8/2019 16:47

Perfect. DRIP. At a lower share price fill your boots

[m1k3y1] 04/8/2019 10:25

Thanks for the update , s usual CI. Here's hoping for a positive outcome for Ann.

[theaviator] 04/8/2019 09:56

Agree it's going a lot lower. Cheeky tempting folk in with special Divi.

[chinese investor] 04/8/2019 07:56

"Ann Carrie is one of thousands of former Royal Bank of Scotland employees who bought shares in the firm just before its near collapse.

With the value of her investments plummeting, she joined an action group to fight for compensation – and was delighted when a £200million settlement was agreed.


But she called me in when she still hadn’t received a penny two years on, despite £33million in interim payments having been distributed.

Ann, 65, said: “I’m getting nowhere fast. I keep asking for updates but the silence is deafening.”

The mum of two signed up with the Royal Bank Shareholders Action Group in 2013, paying £400.

She had clocked up 23 years’ service when she had been invited to invest in the bank’s rights issue in June 2008.

She said: “I’d handed over £1000. I thought, along with the other shares I’d accumulated over the years, that it would give me a nice retirement nest egg of around £30,000. How wrong I was.

“Later that year, RBS had to be bailed out by the government to the tune of £45.5billion.”

The action group acted for about 7000 claimants arguing that the 2008 investments had been mis-sold.
The call to shareholders had raised £12billion.

Ann, of Lanark, who had left the bank five years earlier, said: “It certainly seemed that way, that RBS had misrepresented the state of the bank’s health when it invited us to invest.”

It reached a £200million settlement, with the bank making no admission of liability, in June 2017.

Since then, there have been allegations of fraud against the directors of the action group and a long-running legal battle, although interim payments were made. In Ann’s case, she hasn’t even received that.

Ann, who is married to Neil, 64, said: “I am fed up contacting them. I was initially told I would receive compensation in October 2017. Then I was advised my query was being looked into.

“In February last year, they turned the tables completely and claimed to have no record of receiving my £400 joining fee.

“I gave them the cheque number and date it was cashed. I was upset and angry that my honesty was being called into question.

“I was then advised the matter was being passed to a colleague for investigation. I’ve been chasing constantly since.”

I soon discovered that law firm Signature Litigation now represents the 7000 investors who signed up to the action group.

It said Ann did not appear to be a claimant from official records but it would see what could be done to help and would investigate her case further.

A spokesman said: “There have been many problems with the Action Group Company accepting money from individuals who contacted them but without those claims being accurately recorded or included in the litigation.

“We had no involvement at the time and, while the individuals were never clients of this firm, we are with our instructing claimant client nonetheless trying to assist those individuals.”

A spokeswoman for the Royal Bank Shareholders Action Group said: “As far as I can see from the records, Ms Carrie is indeed a member and should have received a payment a long time ago. We do not have any control over payments. This process rests entirely with Signature Litigation LLP.

“The group has had a lot of difficulties with this firm and has made a complaint to the regulator. However, we will raise this matter immediately and revert to you as soon as we have more information.”

RBS has said the allocation of funds was not something it had knowledge of."

[cfc1] 03/8/2019 09:58

smarty - well I believe the share price will recover. What is the point of selling in this mess of a market and battered share price Brexit and uncertainty is the problem now. SO once that is sorted then I think this share price will be easily into the 300s So right now I just reinvest the divi into cheap shares.

[nemesis6] 03/8/2019 09:52

perhaps fair value is 10p eh Amadeus? you twerp IMHO of course

[action] 03/8/2019 09:48

Less divi to come.

[amadeus888] 03/8/2019 07:16

The UK banking sector likely to take even more of a beating until Brexit is resolved. Sterling is also taking a hit. A NO-DEAL Brexit will see these much lower IMHO.

[smartypants] 02/8/2019 22:37

cfc1
If the div is worth £15.5K to you then you have at least £250,000 invested?
Your investment just lost £15.5K in one day...today!
When you are paid the dividend the value of your investment will fall another £15.5K, the value of the div?
Just cash in your shares and buy your self a speed boat, or some premium bonds.

[ramco] 02/8/2019 21:35

When you look at it from that point of view it appears a non brainer positive...however it is about what you are looking to find...Rote helps in identifying the rate of a subset TCE which is about common stock holder returns in an entity insolvency scenario both on common share equity and not prefered or intangible...it is arrived at through division by a ratio which is why the way you are attempting to view it is as you can by now see can be skewed...it is more about the entity's ability to absorb losses in a 2008/2009 scenario and the effects to and on preferred equity returns... look at it from that perspective and you will arrive at a different view to the straightforward one you have adopted...;) it is many paths and ways and why banks are so notoriously difficult to pin down in terms of their make up....many so called experts have tried and failed so good luck in what exactly it is you seek and to what purpose...;) DYOR as there are many formulas readily available to help you...

[f15jcm] 02/8/2019 19:05

I've read the comments about the return on tangible equity not going to be what was been aimed for. Clearly that's a negative. I'm something of a novice when it comes to banking statements but given the shares are currently trading at a 40% discount to tangible equity value (mkt. cap. £24.5bn, balance sheet tangible equity £40bn), isn't the return on what you're actually paying for the capital rather good? I'd welcome comment from someone more experienced in this sector.

[cfc1] 02/8/2019 15:28

smurfs - me too. Its madness! Clearly we need a new big hitting CEO and that thing called Brexit sorted - perhaps Nov will be a massive turnaround.
Convinced Brexit deal will happen - if HoP block a good deal (no Backstop) then Labour wouldnt dare block it...otherwise GE and they will get slaughtered...

[grand time] 02/8/2019 14:44

Knowing - says 15 August on their website
hxxps://investors.rbs.com/shareholder-centre/ordinary-share-dividends.aspx

[smurfy2001] 02/8/2019 14:28

I may actually re-invest the dividend if this trend continues! Yield is over 12% now (this years final + interim = 25p).

[cfc1] 02/8/2019 14:25

quite astonishing....RBS now 20p equ. Yet now profitable, good divi and hammered way way more than everything else! Perhaps its a Scottish
started the year at 216 now below even that.
Sure we have Brexit et al but this share price was the equ when it was apparently going bust!!!

[knowing] 02/8/2019 14:15

Did it go ExDiv on the special today?