Royal Bank Of Scotland Share Discussion Threads

[polar fox] 15/10/2019 21:10

Looking at the NY charts, RBS, LYG and BCS have all traded and closed broadly sideways since our close. So no clue there that NY knows anything that we don't know - they are also sitting on their hands awaiting developments tomorrow.

[leedskier] 15/10/2019 17:28

Guardian quote: “Northern Ireland would de jure be in the UK’s customs territory but de facto in the European Union’s,”; one diplomatic source said of the tentative agreement.

--

Which I guess means that NI will enter a menage a trois. Married to GB but enjoying the benefits of an open arrangement with Ireland.

[smurfy2001] 15/10/2019 16:50

RBS share price could rise by over 90%, says Jefferies

In a note on Monday, the US investment bank, which rates RBS at a ‘buy’ with a 418p target price, said they expected mortgage loan growth to accelerate in the fourth quarter of this year.

[maxk] 15/10/2019 16:47

Into the valley of death rode the tory party.

[polar fox] 15/10/2019 16:37

Reminder:

No British Prime Minister will ever agree to a border down the Irish Sea - Theresa May
(many times!}

[smurfy2001] 15/10/2019 16:25

Boris Johnson 'on brink of Brexit deal' after border concessions

Negotiators understood to have agreed in principle to customs border down Irish Sea

[tradejunkie2] 15/10/2019 16:12

LOL no deal is what will happen! Crash bang wallop.

[polar fox] 15/10/2019 16:05

Bloomberg is responsible for the surge - see charts above:

EU, U.K. Negotiators Said to Be Closing In on Draft Brexit Deal
updated 29 minutes ago
Pound Surges

unquote

[smurfy2001] 15/10/2019 15:47

Barnier sets Johnson a midnight deadline for Brexit concessions



Brexit: Narrow path to deal at EU summit, says Barnier

There is a "narrow path" to a Brexit deal this week, but the two sides have to agree the details by the end of Tuesday, the EU's negotiator has said.

[polar fox] 14/10/2019 20:37

They've made four buy recs this year - the one in March had a TP of 489p. Wonder what they smoke for breakfast...

[time 2 retire] 14/10/2019 19:28

Jefferies says "Buy" with a £4.18 target price.

[polar fox] 13/10/2019 14:29

Molly,
You have made a grand total of 19 posts since you became a member last year; half of them on this thread in the past nine days, unfortunately.

You lost all credibility with your first post #394. Waste space somewhere else would you. You're on filter.

[chinese investor] 13/10/2019 13:30

Common sense says "The Action Group" did not conjure up "phantom" claimants and that the "phantom" ones are being converted to real ones.

Looking much better !

[chinese investor] 13/10/2019 13:27

...and of course Signature are making great strides in converting "phantom" claimants into real ones.

Here are 2 extracts from their letters :-

"Our efforts to make contact with a significant number of Claimants who had not previously been in contact with us in relation to what in many cases is a valid and verifiable claim on the Group Register have been largely successful with many of them now engaging with us to provide the necessary verification information."

"We recognise that....a number of retail Claimants who may have valid claims will not have been in contact with us. We may need to obtain directions from the Court to deal with this."

[m1k3y1] 13/10/2019 13:12

Let's hope so CI.

[chinese investor] 13/10/2019 11:53

I now suspect that Signature have been signing up new retail claimants (who were not in "The Action Group") with the full knowledge and cooperation of RBS !

These new retail claimants would be making a contribution to Signature's legal bill !

It'll result in the Final Pot being nearer to the well known figure of 200 million pounds.......which would mean a more satisfactory outcome for everybody (including RBS) !

[chinese investor] 13/10/2019 11:42

Early in the proceedings we were all lead to believe "The Action Group" had signed up up 27,000 retail claimants (hence the title of this thread).
It didn't take much computing to calculate that the "contributions" from these retail claimants would pay for the legal battle against RBS without any third party intervention.

I was taken aback when "The Action Group" came cap in hand to us claimants to pay off solicitors Bird&Bird.
6 million pounds !
Surely the revenue from the 27,000 would mean "The Action Group" could pay Bird&Bird's bill with no problem ?

Sometime later we were informed that there were only 9,000 retail claimants !
These retail claimants held 244,000,000 shares but....there were only 154,000,000 "real" shares.

The legendary 200 million pound Pot would become 126 million pounds !

[mallys83] 12/10/2019 20:05

The true value of RBS shares is around £3.20 so I don't see why this share wont rise in the next couple of years. People should be buying this for a long term investment.

[leedskier] 12/10/2019 09:48

I suspect that for the great unwashed the loss in Prague last night is of greater moment than the shape and form of any concessions made to the EU to enable Boris to deliver on the 2016 referendum.

The Spartans in the Tory Party know that if they vote down a deal, leading to an extension of Article 50, the resulting GE could see the Tory Party fail to win a majority.

If a Labour:LibDem coalition secures power there will be a second referendum.

The outcome of that is anyone's guess. Better for the Spartans (and DUP) to realise their dream of securing Brexit on Boris's (sell out) terms than risk the UK being locked in for a generation or more.

[chinese investor] 12/10/2019 09:45

Looking Back :-

Chinese Investor (RBS) 21 Mar 2019 - 10:02:06
One factor which is emerging is new claimants.
If they are successful then I'm sure they wouldn't mind chipping in with some of the overall costs.
They could replace the phantom claimants.
RBS would object but the court might allow their claim.

[chinese investor] 12/10/2019 09:32

RBS expected to pay out 200 million pounds but, because of the "phantom" shares, they may now be paying out 126 million pounds.

Because we claimants were duped, they may be persuaded to give us a bit more dosh !