Royal Bank Of Scotland Share Discussion Threads

[barmiddleton] 14/5/2020 11:35

You're dead right CI, we members of the AG were sucked in big time!! Unfortunately, "success payments" are part and parcel of the modern financial industry so it may be difficult to prevent all of those claims being settled. I only hope and pray that Walsh does not receive one penny more and if that happens then I will be a good bit happier.

[diku] 14/5/2020 10:30

Is this trading at 10.2p in old money...10p was the 2009 lows..

[leedskier] 14/5/2020 10:19

Telegraph


"In the UK, we seem to have approached the crisis with the nonchalant arrogance of the gifted amateur who turns up late for the match, has to borrow his boots from the coach, and in his delusion still expects to score the winning goal."

[portside1] 14/5/2020 10:01

How safe are your personal details with people working from their homes , the pra have told me this it's nothing to do with them , it's my problem , yet these same people are the regulators of the financial sector and the same org that told the banks no ordered the banks to stop paying divs So they say they do not want to know about the risk of fraud

[portside1] 14/5/2020 09:22

The lockdown must end . The virus will be nothing compared to the poverty and crime , if it is not back to work now then over 6 million unemployed

[chinese investor] 14/5/2020 09:14

Hopefully rules will be created on how "Action Groups" should conduct themselves.
In our case Gerard Walsh and his team took advantage of us because there were no rules.

None of us Claimants signed any contract with the "Action Group" so the "Action Group" were at will to do what they wanted with our "Contributions"....
....which they did.

[portside1] 14/5/2020 09:09

These funds are run by liars and crooks

[portside1] 14/5/2020 09:09

When these rich investors say they will not buy they are liars Buy buy buy

[portside1] 14/5/2020 09:08

Added more

[chinese investor] 14/5/2020 09:01

"....we began to discover details of arrangements which the 'Action Group' had entered into with a variety of individuals to pay them for their work on behalf of the 'Action Group' and/or the SG Claimants,...

.....out of subscription monies from the SG Claimants,....

....coupled with what has proven in many instances to be additional substantial success payments out of any monies that were paid to the SG Claimants by RBS."

I like the fact Signature are investigating the merits of these arrangements, some of them being legit.

[chinese investor] 14/5/2020 08:55

We are now going for "Bird & Bird" because of the poor contract they made with Vannin !

[chinese investor] 14/5/2020 08:53

"We are pleased to report that we have settled this dispute with the former members who have made a contribution to the costs of the SG Group. We will incorporate these sums in further payments to the SG Claimants."

So the proceeds from the Institutions who ducked out early was not part of our second interim payment.

That's good !

[buywell3] 14/5/2020 00:23

Because of what the COE said


buywell has been negative on Banks and Financials for years as well as OIL and Retail

Stock picking has been the name of the game in key growth sectors , this is very hard to do , which is why most posting are losers.

buywell considers Banks in particular should be viewed as the bellwether of the English economy ( the UK is now a dead concept ) or Great Britain which should be reused .

The CEO has just done an interview , in the current Quarter GDP is set to drop 25%

Plus remember he has just extended furlough payments for another 4 months before doing this latest interview .

Banking shares and Big Insurers plus other Financials are ALL likely IMO to face at least a 25% plus decline from current levels in line with GDP collapse.

As experienced investors like buywell know , panic selling means drops get overdone

The market thought a V recovery was in prospect

The FED have just said a V recovery is now not likely

3 years of pain is IMO and whilst buywell has said FTSE 100 to 5000 in the next downleg

IMO the FTSE 100 will test 4000 before this pain goes away

Hope this Helps

IMO dyor



Re previous riots read

[leedskier] 13/5/2020 15:59

The £ has been sold off today.

[polar fox] 13/5/2020 14:26

After this morning's GDP and related data, NIESR has just issued its first stab at Q2, which is: a decline of about 25%-30%. Twitter excerpt:

Main Points

The ONS preliminary estimates suggest that growth declined by 2.0 per cent in the first quarter of 2020, broadly consistent with what we suggested it could be last month (figure1.)
The substantive contraction in growth reflects negative contributions across all the headline sectors.
Output declined by 5.8 per cent in March itself, mainly due to record falls in construction and services.
The latest ONS estimates are preliminary and largely uncertain but continues to suggest GDP is around 25 per cent smaller when the lockdown is in place.
In light of the preliminary release, we forecast growth in the second quarter to decline sharply by about 25 to 30 per cent.

Dr Kemar Whyte, Senior Economist - Macroeconomic Modelling and Forecasting, said: “In a period of radical uncertainty, the short-term economic impact of Covid-19 is becoming clearer with the publication of GDP data for March, where output is expected to be lower by about 25 per cent in months when the lockdown is in place. Restarting the economy by promoting activities in upstream sectors such as construction, some manufacturing and the government will increase overall activities via helpful spillovers. But without a vaccine, there is significant risk of a second wave which could trigger a further setback in the economy.”

unquote

[portside1] 13/5/2020 12:12

Nem. Sign up to a evening plumping course it's only a couple of hours for around 8 weeks you will find it easy .there is nothing g hard about plumping it's only the gas side , because of rules And a carpenter course the same

[nemesis6] 13/5/2020 11:38

Would have loved to have been able to "do something with my hands " lol rather than an office johnny. Problem is im about as practical as a clown on a unicycle.

[aljm] 13/5/2020 11:24

Friend of mine was a builder , he got a bit of land with a beaten up bungalow on it, he bulldozed it , then spent 50K rebuilding it, did most of the work himself , so was a lot cheaper, had it valued at £375K, thats what is wrong with the housing market, it isnt what a property is worth, it is what they can get for it, more important what area it is, rather than how it is built....

[nemesis6] 13/5/2020 11:18

you are right port...ridiculous property cost. You pay for living near the sea.Always fancied cumbria tbh

[portside1] 13/5/2020 11:17

Alum, they use the cheapest materials they can get fact I no carpenters who work on them and they would never buy one

[aljm] 13/5/2020 11:12

portside, spot on, New builds are shyte ! know someone who got one about 3-4 years ago, so far had to have front and back doors and frames rebuilt, new Boiler and heating system, sewage cleared and redone, the list is endless, needless to say, the builder is not making it easy for the corrections !!

[portside1] 13/5/2020 11:00

Should finish blue today