Royal Bank Of Scotland Share Discussion Threads

[chinese investor] 12/10/2019 09:28

Looking Back :-

Chinese Investor (RBS) 01 Jun 2019 - 13:07:55

The 82p genuine claimants "owned" 244,000,000 shares (Pot being 200 million pounds).
We were recently told there could be 90,000,000 "phantom" shares.
i.e. 154,000,000 genuine shares.

Pot could now be 126 million pounds with possible Total Costs being 37 million pounds !
i.e. Total Payout would be 58p per share !

Worst case scenario -> Total Costs being another 29 million pounds -> 39p per share !


We have received an interim payment of 30p !

[barmiddleton] 11/10/2019 20:45

Interesting thoughts CI, like you I am really wondering to what extent the "phantom" shares will affect the final determination. It is noticeable that Signature never really mentions this issue directly in their updates! However, matters are grinding, slowly, to a conclusion though it seems, with the two main court cases not due until May next year, the final determination is not likely before late summer 2020 at the earliest! The best report in the latest update however is undoubtedly the news that the Evalusafety claim seems dead in the water. I'm going to have a nice stiff dram to celebrate, :-)

[chinese investor] 11/10/2019 16:24

I was encouraged by the paragraph "Negotiations with RBS" - will RBS be sympathetic in the way we retail claimants have been duped (e.g. phantom shares etc) ?

Have a good weekend y'all.

p.s. I made a mint on my RBS holding today !

[smurfy2001] 11/10/2019 16:22

Brussels gives green light

[chinese investor] 11/10/2019 16:20

This is what I think :-

1) "The Action Group" are unlikely to receive the 20 million - they can keep the "contributions"
2) Vannin to receive 5 million in an out of court settlement
3) The Corporate Claimants to give us a couple of million
4) Slim chance of happening
5) No comment

We claimants have received around 40 million so far.....we could be receiving 120 million more if there are no "phantom" shares !

The "elephants in the room" are the "phantom" shares and....the possibility that Signature are on a huge "success fee" !

[m1k3y1] 11/10/2019 16:09

Thanks CI.
Received the update.

[chinese investor] 11/10/2019 16:04

Looking Back :-

Chinese Investor (RBS) 1 Jun '19 - 12:44
This is what I would like to happen :-

1) "The Action Group" to receive no new money
(IN COURT 2020 - They want another £20 million)
(they have received £8 million "contributions")

2) The Early Funders (i.e. Vannin) to receive £5 million
(IN COURT March 2020 - Vannin want £14 million)

3) The Corporate Claimants to give us a couple of million
(IN COURT May 2020)

4) Small claimants to be given a refund on a proportion of their "contributions"
(slim chance of happening)

5) Gerard Walsh to be investigated

Total Costs :-
Signature (£24 million)
Vannin (£5 million)
Bird & Bird (£6 million)
"Action Group" (£2 million - they paid B&B £6 million)
Total Costs to be £37 million

Total Pot should be £200 million but it could be a lot less due to "phantom shares" !

[mallys83] 11/10/2019 15:29

That's true. Let's hope that a deal goes through.

[leedskier] 11/10/2019 15:20

Still higher than it was at the time when you suggested selling.

[mallys83] 11/10/2019 15:18

Its dropping away now.

[tradejunkie2] 11/10/2019 15:18

Why does Corbyn look like a scaled cat?

[skinny] 11/10/2019 14:12

As it stands a gap up today and looking @230p?

[leedskier] 11/10/2019 13:43

Curry and freeze them!

[tradejunkie2] 11/10/2019 13:34

Does this mean the 100 cans of baked beans l bought will come to waste?

[leedskier] 11/10/2019 13:00

Now reported that the negotiations are in the "tunnel" phase ... i.e. intense negotiations.

[smurfy2001] 11/10/2019 12:52

Updated probabilities:

[smurfy2001] 11/10/2019 12:35

Just imagine the rise in stock prices if a deal is confirmed and then another rise if approved by parliament!

Still I'm scaling back my leveraged positions to reduce risk and free up some capital.

[polar fox] 11/10/2019 12:33

BBC: 27 give green light to go ahead with "tunnel negotiations".

Must be something worthwhile to the proposals then.

[leedskier] 11/10/2019 12:11

If a deal is not done, Brexit goes on the back burner until after a GE in November.

[mallys83] 11/10/2019 12:04

If a deal is not reached though it will drop like a stone. 20% drop imminent that's the thing.

[leedskier] 11/10/2019 12:03

If Rees Mogg remains a member of the cabinet, it would be surprising if all the Spartans vote against him and Boris.

But there are thought to be at least 40 Labour MPS who are likely to support a deal.