Royal Bank Of Scotland Share Discussion Threads

[smartie6] 28/4/2020 06:59

HSBC results very worrying this morning. See a Reuter’s report.
Credit risk default anticipation very high.
Fraud anticipation high.
Low NIM impacting profitability.
Inability to assess provision policy, £7b, £11b, or £xxx billion?

Very worrying for U.K. banks?

[portside1] 27/4/2020 21:30

Bleach is used to kill virus , who knows what is going to be the vaccine to kill it Remember this. Ever medicine is a poison fact One day they will use a bleach like treatment to clean out the body ,They is no medicine that will not kill you it's just the dosage that kills. When you go onto drip morphine you are going to die it kills you but they still give it to you,The reason is it is cheaper to give you itIf you were rich they would give you?The royal famil have .

[dope007] 27/4/2020 18:50

FED pumped US stock racing away again as PE expansion moves from one record to the next one

[tfergi] 27/4/2020 16:52

At the risk of sounding like a broken record. The S&P500 is down just over 10% this year. The US is nowhere near the end of this but the markets are pricing this Corona pandemic as a correction currently.The mind boggles

[gcom2] 27/4/2020 15:09

jpm +5.5%is it up on trump's bleach cure?

[portside1] 27/4/2020 13:20

Put it simple , just for some postersTake aways. Restaurants are filthy germ infected places on the wholeGyms are full of germs

[dondee] 27/4/2020 12:45

Portside1
Can you try and write in a way which makes sense to the rest of us.
There is something called spelling another is punctuation (you can google that word) also syntax (you can also google that one) or buy a good book!

[tfergi] 27/4/2020 09:59

Never mind all, markets seem to think everything is fine

[portside1] 27/4/2020 09:36

Gyms the smell of sweat and th3 air full of sweat and breath avoid go and run or walk out side ,The days of the gyms are over and small restaurants those days are over ,Eat at home only eat out when you are away from home and be careful where you eat

[portside1] 27/4/2020 09:33

Who in there right mind would want some strangers seat near you while in a restaurant they must be at least 10 feet away from each other The simple answer is do not go in small restaurants keep away Pubs are better you do not need to be by any other people you can big chains be at least 6 feet away or even sit outside when it is dry ,Never enter a small restaurant you need space not cramped in Like rats

[dope007] 27/4/2020 09:32

The leisure economy is our economy Leeds and talking from the point of view of stock prices, it is vital and it is not opening up in the way stocks are celebrating

[tfergi] 27/4/2020 08:02

One thing that many analysts do mention is that it's all very well easing the lockdown but consumer behaviour may not instantly return. I think China are seeing this.I think there are a lot of people that will jump when we have an easing of restrictions and we will see an initial large uplift that may then fade as people realise things are not like they were pre lockdown.

[dope007] 27/4/2020 07:48

Anyone been reading the restrictions on opening up economies? They are pretty severe on businesses. For example Gyms with reduced numbers for social distancing, same with pubs/restaurants. These places are really going to struggle. Markets are celebrating economies opening up, but mkts are ignoring the true picture, which is far from being open

[portside1] 26/4/2020 10:21

Rbs to rise after wednesday

[stonedyou] 26/4/2020 09:08

From Mr.elbee

[smurfy2001] 25/4/2020 22:19

Barclays are reporting next Wednesday so should give us an advance look into retail banking (woes).

[whitestone] 25/4/2020 10:54

Investec turns buyer on Royal Bank of Scotland:

The UK Government chose to acquire 84.4% of RBS during 2008/9 at c.£5 per share. A decade later, with the shares at c.£1 and a residual stake of 62.2%, its stated intention is to achieve a full exit by 2025. Is the Government actually intending to engage in self-harm? The 2019 final dividend was cancelled, the CET1 capital ratio has been rebased from 16.2% to a “preposterous”pro-forma 17.0%, no dividends are to be paid during 2020 and the UK economy has been placed in lockdown. UK base rate is now 0.1%. None of this is helping, but…

Clearly we expect the UK’s lockdow n to trigger a recession, tipping RBS into loss in 2020e. We forecast a loss per share of 5.5p in 2020e.

However, in the context of RBS’ 2019 pro-forma CET1 capital ratio of 17.0% w e see no material capital impact; we expect it to run with a significant surplus over its 13-14% target through 2020-22e . We regard this as a “political” decision, rather than an economic or pragmatic judgement.

Following cancellation of the 2019 final dividend, our tNAV per share forecasts are rebased higher. We now forecast only a 5.8p YoY reduction to 261.9p in 2020e against which the shares trade on 0.4x.

Even though we continue to assume a zero dividend for 2020e, in the context of our EPS forecasts of 6.5p/13.3p in 2021/22e and RBS’ “bloated” capital base, w e model a relatively “full” pay-out of 6.0p/12.0p DPS in 2021/22e; a prospective dividend yield of 5.6%/11.3%.

What could go wrong? Well, w e think that w e already assume that quite a lot of things will! Impairments rose by 75% YoY to £0.7bn in 2019 and w e continue to model a further 300% YoY increase to £2.8bn in 2020e. We also assume that revenues w ill fall by 12% YoY in 2020e reflecting both “low er forever” interest rates and sharply low er other income.

We do remain concerned that banks could be “coerced” by Government into “reckless” new crisis lending. We hope that they w ill maintain discipline, and w e draw comfort from the fact that RBS states it is only lending (under government-backed schemes) “to our own customers and within risk appetite”.

On 0.4x 2019 tNAV for ROTEs of -2.1%/+2.5%/+4.9% 2020/21/22e, we cut our TP to 135p (from 140p) but with almost 30% implied upside, we upgrade to Buy (from Hold). The Q1 2020 IMS is due on 1 May

[smurfy2001] 24/4/2020 18:26

Harry got out lucky him

[smurfy2001] 24/4/2020 14:06

Tranche filled at 106.21 think this is worth an investment in a long term portfolio.