Royal Bank Of Scotland Share Discussion Threads

[smartie6] 14/2/2020 08:22

217p. Listening the CFO now. Man.

[smartie6] 14/2/2020 08:20

Every news channel is laughing about this decision.
Name and shame the person who thought this up.

[smartie6] 14/2/2020 08:17

Perhaps Barclays should now follow and rename itself as Martins Bank?
Absolute madness.

[leedskier] 14/2/2020 08:17

As I keep posting the FTSE100 is bought for its yield. As with all yields, it is the inverse of the purchase price. The lower the price the better the yield.

Those seeking a short term investment for growth in the share price -- house builders aside -- are looking in the wrong segment of the market.

A further factor is that the £ has flown against both the $ and the € since the General Election. Overseas buyers may want to see how the UK economy is going to perform before buying the yield.

[maxk] 14/2/2020 08:15

RBS to be renamed NatWest

RBS warns of a "period of unprecedented disruption" despite posting £4.2bn annual profit


By
Simon Foy
14 February 2020 • 7:46am


The Royal Bank of Scotland name will disappear later this year when the taxpayer-controlled bank is renamed as NatWest.

The announcement came alongside a 26pc rise in annual pre-tax profits, but RBS warned that it faces a "period of unprecedented disruption".

Operating pre-tax profit increased to a better than expected £4.23bn for the 12 months to Dec 31, up from £3.36bn.

However, RBS said it faced "significant risks and uncertainties in the external economic, political and regulatory environment" and would take a £200m hit fom regulatory changes this year.




More behind paywall:

[smartie6] 14/2/2020 08:09

Market taking it really well, now 219p.

[smartie6] 14/2/2020 08:08

Yes, it’s always a positive move to rebrand. Especially when there’s no reason for it.
Maybe they’ll cover every store in ribbons.

[leedskier] 14/2/2020 07:59

I think it is a positive. It was NatWest Bank back in the day before the Scots took it over and screwed it.

[smartie6] 14/2/2020 07:56

Alarm bells should be ringing loud.
Cost implications?

[smartie6] 14/2/2020 07:55

Rebranding. Is this a smack of desperation?
Truly, truly, sad.

[leedskier] 14/2/2020 07:55

Given the yield on UK 10 year Gilts is 0.65%, a well capitalised bank offering more than 5%, should be a steal.

[polar fox] 14/2/2020 07:26

I don't have time to comment much before I go out, but I would just point out that the total distribution of 22p is very close to the consensus, which has been around 22.5p for several months. Whatever the market's reaction is this morning, it won't be due to a disappointing shortfall against the consensus, therefore.

For info, the consensus for this year is currently around 14p and so is the consensus for 2021.

[hey50] 14/2/2020 07:15

proposes a final ordinary dividend of 3 pence and a 5 pence special dividend

[smurfy2001] 13/2/2020 18:18

Wonder what the dividend will be? Hopefully another double digit.

[leedskier] 13/2/2020 08:19

The market cap of PayPal exceeds the combined market cap of BARC, LLOY & RBS.

[polar fox] 11/2/2020 16:16

Update from IG this afternoon - my own view is that Rose may be tempted to 'kitchen sink' her first Results RNS, which could mean it disappoints a touch. In addition to all the usual detail, I'll also be watching to see whether the total 2019 dividend consensus is met; a lot will probably depend on how promising her forward-looking comments are:

Royal Bank Of Scotland(RBS) will deliver its full-year results on Valentine’s Day (14 February), with analysts from Credit Suisse initiating their coverage of the stock with fondness, offering the lender an ‘outperform217; rating.

Credit Suisse also issued a price target for RBS of 260p, which based on the stock trading at 222p as of 14:00 (GMT) on Tuesday, implies a potential upside of 17.1%.

The news will be welcomed by RBS, with the bank getting off to a poor start in 2020, with the stock down 9% year-to-date, underperforming the broader market.


UBS remain neutral ahead of full-year results

Analysts from UBS were less upbeat about RBS’ share price, reiterating their ‘neutral’; rating for the stock in February and issuing a price target of 230p

Meanwhile, analysts from Barclays Capital downgraded RBS from ‘equalweight’ to ‘underweight’ in January, though opted to leave their target price for the stock unchanged at 225p.

Based on where RBS is currently trading, Barclays Capital believe that the stock is valued appropriately, though their rating suggests investors should consider reducing their holdings in the company.

Barclays said that its rationale for the downgrade is due to the bank continuing to see net interest margin pressure, with the restructuring efforts to support underperforming NatWest Markets and Ulster units likely to take time before bearing fruit.

‘RBS has been sustaining high returns in recent years; however, our analysis suggests net interest margin headwinds are under-appreciated (particularly if the Bank of England cuts the base rate on January 30th) and RWA inflation will also likely drag,’ Barclays Capital said in a note.

RBS no longer plagued by PPI

RBS’ newly appointed CEO Alison Rose will be hoping to deliver a strong set of full-year results on Friday - her first since taking the helm.

Thankfully for the new CEO she will no longer be plagued by payment protection insurance (PPI) charges, which have weighed on the bank’s profits, with the deadline for claims passing last summer.

Brexit uncertainty, though not completely over, has reduced significantly since the Conservative Party secured a landslide victory in the UK general election last December, giving RBS and its peers a degree of clarity over the country’s future relationship with Europe.

However, investors are eager for an update on RBS’ underperforming businesses like Ulster and NatWest Markets, as well as details on its new digital bank Bó.

unquote

[m1k3y1] 09/2/2020 09:17

Thank you CI. Complex points of Law but will be interesting to follow and thank you for keeping us informed. We can only hope for a positive outcome .

[chinese investor] 09/2/2020 09:14

m1k3y1,
Last year there was a huge discussion on disclosure - none of it I understood.
I don't know why John Greenwood was chosen but he was the named claimant.

[m1k3y1] 09/2/2020 08:51

Thanks CI , will keep an eye on it .
John Greenwood ??? any info on him .

[barmiddleton] 09/2/2020 08:43

Thanks CI, that’s not that far away but I doubt that the Action Group will be represented!

[chinese investor] 09/2/2020 08:17

Vannin Capital PCC v RBOS Shareholders Action Group Limited, John Greenwood & Others
High Court, Chancery Division, 16 March 2020, six days

n.b. Claimant John Greenwood is a 77 year old pensioner from West Yorkshire,

[tradejunkie2] 08/2/2020 17:51

hello kitty cats

i guess the virus stopped the rioting