Royal Bank Of Scotland Share Discussion Threads

[smurfy2001] 15/6/2020 21:59

The Fed says it is going to start buying individual corporate bonds

[buywell3] 15/6/2020 21:53

================= FED buying company bonds saves markets ===================

For now -- see buywell buy thread for more info


Asset values on most company balance sheets , and on banks balance sheets are now IMO not worth taking a lot of notice of .

BP. just wrote effectively down theirs by circa $17.5 Billion , which buywell believes is not enough because they see Brent OIL at $55 a barrel for their calcs . buywell sees it as $27.5 , as we go into a years long Global Recession.

Governments are money printing and paper money as $ Trillions of stimulus gets pumped into markets is soon going to drop the value of paper money V the increase of debt/credit and doing more and more of the same in the face of an unusual situation such as this new modern Global Recession based upon a Global Trade model will be , it will last years.

Asset values on balance sheets will HAVE to be written down again and again whilst it lasts IMO

dyor


The DOW recently went to circa 18,591 from 29,551 a drop of 11,000 points
So if it just repeats from here it will go below 15000 for those who do not dyor

[cfc1] 15/6/2020 17:21

get RID of the scientists and FOCUS on the economy. One meter if that.
The scientists can waffle on BUT THEY DONT HAVE to worry about the catastrophe that is maintaining this lockdown.
Its time to get on with life and accept the risks - we've got no choice.

[polar fox] 15/6/2020 16:27

Finally, a journalist asks about the absence of the pros and Raab swerves giving a clear explanation. What a bloody shower!

[polar fox] 15/6/2020 16:09

Raab by himself.

Does this mean that Cummings won't any longer allow any health professional to speak live on TV, who has integrity and principles and refuses to lie repeatedly in line with the example set by the buffoon?

[polar fox] 15/6/2020 15:47

The odds appear to be on a No Deal exit, meaning many loose strands, for example, fishing. French fisherman have form, when it comes to aggressive retaliation. So, how are things likely to go, if the great French public then decides to block the transit of foodstuffs into Britain, in mid-winter, in solid support? Plenty more like that. IMO, there is much more at stake than CV-19.

[andysand] 15/6/2020 15:13

Yep. So what price is RBS with no pandemic?

[leedskier] 15/6/2020 13:57

more about which ...


Imperial College London’s vaccine team, led by Professor Robin Shattock, have developed an RNA vaccine, which delivers genetic instructions to muscle cells to make the “spike” protein on the surface of coronavirus.

The presence of this protein provokes an immune response, offering protection against Covid-19.

The vaccine is now due to enter phase one and two human clinical trials on June 15 with 300 people.
A further trial involving 6,000 people is planned for October and if these prove successful, Imperial hopes the vaccine could be distributed in the UK and abroad early next year.

A separate vaccine from experts at Oxford University is currently undergoing human clinical trials.

Imperial College London has also formed a new social enterprise called VacEquity Global Health to develop its vaccine.

Imperial and VGH will waive royalties for the UK and low-income countries “and charge only modest cost-plus prices to sustain the enterprise’s work, accelerate global distribution and support new research”, the College said in a statement.

“The social enterprise’s mission is to rapidly develop vaccines to prevent SARS-CoV-2 (Covid-19) infection and distribute them as widely as possible in the UK and overseas, including to low- and middle-income countries,” it said.

We have spent an intense six months to fast-track our vaccine to the clinic. Now we are ready to combat the virus through our clinical trials.

We are grateful to the thousands of people helping us advance the vaccine: from donors, investors and the Government to volunteers for our clinical trials.

These new enterprises are the most effective way for us to deliver Covid-19 vaccines quickly, cheaply and internationally, while preparing for future pandemics.


Kate Bingham, chair of the UK Vaccine Taskforce, set up by the Government, added:
The progress being made in the UK to develop a vaccine that combats coronavirus is remarkable and the speed with which Imperial has progressed its self-amplifying mRNA vaccine has been breathtaking.

Imperial’s technology shows great promise, so I welcome this further move to accelerate development of a potential vaccine.

The UK’s Vaccines Taskforce will continue to work closely with Imperial and its new social enterprise and will ensure that they receive the support needed to accelerate the clinical development, manufacture and launch of its promising vaccine.

– KATE BINGHAM, UK VACCINE TASKFORCE
Last updated Mon 8 Jun 2020

[maxk] 15/6/2020 13:41

Came across this on the lloy fight thread.


Looks like andy might be right.


Imperial vaccine begins human trials: Researchers at Imperial College London will begin human trials this week on their candidate for a COVID vaccine. The team have pledged to make the jab available at the lowest possible cost in Britain. Provided it is safe and the trials succeed, the vaccine would be available for a cost of around £3 per person. Laboratory trials using mice have shown that the vaccine caused the animals to make neutralising antibodies, an important part of the body’s defences against viruses. The other British candidate for a coronavirus vaccine is being developed by the team at Oxford University and began human trials last month.

[polar fox] 15/6/2020 13:32

....."effective later this year." = H2.

[gcom2] 15/6/2020 12:27

What happened to the re-brand? it still seems to be called RBS?I note the current mcap (14bn) is 3.5 x 2019 profits

[andysand] 15/6/2020 11:38

Yes really. We have never been in a situation when the whole world is looking for one vaccine. This will be achieved easily. The winner takes all.

[cwebb07] 15/6/2020 11:03

Might fall to 110 but definitely 150 target when shops and travel starts to open up...so definitely a 30 % gain to be had

[maxk] 15/6/2020 10:36

A vaccine for covid...really?


Thats a very upbeat forecast for something that has never been achieved before.

[andysand] 15/6/2020 10:33

Not interested in trading this. But it's great for a longer term Sipp. You'd have to be nuts not to buy this when looking at a 12 month time frame. In 12 months, there will be a vaccine for Covid and all this will be a distant memory.

[sux_2bu] 15/6/2020 07:15

Gap @ 104p soon.

[sux_2bu] 12/6/2020 14:39

DOW dropping fast.

Will it be a RED Monday after the CV-19 breaking news ?

[nemesis6] 12/6/2020 14:38

polar...oh yeah less than theyve been since the start of the pandemic....very likely...NOT

[polar fox] 12/6/2020 11:21

Gove has tweeted that he has formally confirmed to Brussels that there will be no extension beyond year-end. What a double whammy is coming down the pike!

[cfc1] 12/6/2020 08:18

buywell ummm why do you write about 'buywell' in the third person rather than I??
Sounds like the deformed weird creature with the ring from Lord of the rings??

ANYWAY, my new slogan LET THEM DIE re Corona or have no economy left then MILLIONS more die!!
This is all a political leadership global mess. Lockdown = more deaths!
GDP dow 20% and we remain in lockdown! Do me a favour. "led by the science" = blind led by the blind. Who invented the 'r' number or this slide shows e=2pieR2.3456 - or thats what the slides show based on data from the ONS (FFS)..
Enough is enough
LET THE DIE

[buywell3] 12/6/2020 07:09

Expect worldwide cases to hit 14M by the end of the first week of August , Africa plus India and Latin America together with a suge in the USA now underway will swamp most Hospital Services. Airline travel will do the rest along with cruise ships in spreading the news.


================= Trump has an election to win in November ====================

Can't see him leaving the FED alone re not printing more paper

But what is he going to do when Coronavirus wave number two adds to wave number one and a tsunami wave of Covid-19 cases swamps the 1,000,000 Hospital beds that the USA has ?

USA bed gridlock will be reached within weeks as near to 1M Covid-19 patients have not yet been discharged according to the stats.


Approx 100,000 beds are ICU

It comes down to this

Will the USA carry out Lockdown Mk2 ?

[gcom2] 11/6/2020 22:02

lots of if's polar fox

[polar fox] 11/6/2020 20:14

!,862 off the DOW at the close.

Some folk in NY think the sharp decline this Spring was wave A and last week's top was wave B and we're now going down again on wave C. If that turns out to be correct, RBS will go below 100p.