Royal Bank Of Scotland Share Discussion Threads

[cfc1] 27/7/2020 12:45

sweepstake - Taking bets on what happens to NatWest share price on Q2 results this Friday ?
The latest useless CEO needs to give the market something...but I suppose it will be the usual BS

[delphiman] 27/7/2020 10:21

Dicey thing changing the name whilst its down in price, sort of stops people realising its a bargain and deletes the history of the stock in a lot of free platforms and iPhone's etc, Not a good move in my opinion.

[delphiman] 27/7/2020 09:31

smurfy2001

the money he lost so fast was $100.

when I've traded for 100,000 shares thats just a one spot move, if your complaining at $100 then perhaps he should not have gone into the share market at all, as you need to trade a serious amount of money to be able to make the buy in and sell out or vise versa along with the spread percentage to equate to been like pennies on your investment.

£10 in and £10 out and the spread on £100 equates to needing at least £25 percent of a rise to break even.

I had to laugh when I saw some one say I turned my £5 into £100, really, she actually managed to invest £5, would the fees be more than that and she reaped a 2000% profit during corona lol has there actually been a company that has had a 20 fold share price increase during corona im not sure even the corona virus antidote manufacturing companies have achieved that multiplication.
Think they are trying to frighten public investors so its left to the big boys to control

[buywell3] 27/7/2020 07:51

Reality is a word
That sometimes hurts

buywell AD 2020

[smurfy2001] 26/7/2020 12:48

Newbie investors: 'I didn't know I'd lose money so fast'

[alexytrader] 26/7/2020 09:01

Look at US bank shares like Bank of America they too fell prior to results week but then rose sharply afterwards. NatWest has relatively low credit card base and business loan defaults are covered by government.
Also cost cutting is good for the bottom line and share price.
Happy to hold these shares when over 60% still govt owned (will not sell until after covid impact) and will not disappear which could happen in hospitality, travel and retail sector. DYOR.

[polar fox] 26/7/2020 07:07

From the ST - it doesn't add all that much but it does give a sense of where the wind is blowing. The paper has finally got the spelling correct, after several days of Natwest!

Quote
NatWest’s top managers will tomorrow be presented with plans to slash up to £3bn of costs over the next five years — including closing more branches — as banks brace for a wave of bad debts.

The presentation to the executive committee at the state-backed bank, which changed its name from RBS last week, will set out a blueprint to reduce annual operating expenses from £7bn to £4bn.

NatWest chief executive Alison Rose wants to cut costs as record low interest rates of 0.1% and other pressures caused by the coronavirus crush banks’ income.

Lenders are set to report torrid second-quarter results this week. They will show a dramatic fall in income in the three months to the end of June, and hefty provisions for

Continue....

[alexytrader] 25/7/2020 09:03

2019 profits was over 4Bn so 1.8Bn loss provision is already factored into the lower share price (compared to 2019 share price). What I don't understand is how share price was much higher 5 years ago when the company was making larges losses!

With p/e ratio of under 5 (lower than piers with lower bad debts), I expect things to improve in long term

[polar fox] 25/7/2020 08:16

Excerpt from the Times:

Britain’s big banks are set to reveal a £14 billion hit from the Covid-19 crisis.

City analysts have forecast that HSBC, Barclays, Lloyds Banking Group, Natwest Group — the new name for Royal Bank of Scotland — and Standard Chartered will be forced to book billions of pounds of impairment charges against their loan book when they post results for the first half of 2020 in the next two weeks.

HSBC may report bad debts of about $5.8 billion, Barclays £3.5 billion, Lloyds £2.8 billion, Natwest £1.8 billion and Standard Chartered $1.9 billion, according to analysts.

unquote

[leedskier] 24/7/2020 17:20

I can create a new bb but would prefer to get epic changed on the one.

[polar fox] 24/7/2020 10:52

I feared this would be a shambles, when I posted, a couple of days ago, the hope that ADVFN would deal with the change smoothly and sensibly. I generously gave it about a 20% chance!

A couple of years ago, I tried to do them a favour, by informing them of a technical fault on what has now become the Lloyds Brexit thread, where the idiots waste their days. Their reaction was to not believe me and not check. I reported it twice more in the following weeks. Same reactions. Then, out of the blue, i was sent a grovelling apology by Ruslan, after they investigated properly. I replied that I would never, ever have anything to do with them again.

So good luck with any contact you have with them. Keep a bottle of something strong handy!

[leedskier] 24/7/2020 10:30

I may telephone ADVFN on Monday to see what can done.

[polar fox] 24/7/2020 10:09

It was Richard III who said "My kingdom for a horse!".

MY kingdom for the NWG's quote in NY and a page on ADFVN, when you enter NWG as the epic!! Any chance? Am I missing something?

[leedskier] 24/7/2020 09:48

It was bought for £2.4 billion in 2008.

[maxk] 24/7/2020 09:10

Northumbrian Water Group is a dead parrot.

I dont know the history, but the old thread will probably tell a story (if interested)

[delphiman] 24/7/2020 08:57

Not sure if this name change is a good or bad thing, the share price is not liking it much, even though good profits.

plus was this the best ticker NWG.L

NWG Northumbrian Water Group share price with NWG chart ...www.livecharts.co.uk › share_prices › share_price › symbol-NWG
Todays Northumbrian Water Group (NWG) share price from Live Charts UK, with ... NWG analysis chart · company results calendar Calendar ... L share news » ...

just causes confusion.

[delphiman] 24/7/2020 08:41

tozzyyone

That link is not readable to peeps that are not members bud.

"These Tweets are protected
Only approved followers can see @smallcappick’s Tweets. To request access, click Follow. Learn more"

[sux_2bu] 23/7/2020 19:44

Probably never, Miss Rose has gave out a major profit warning looming.

[growthpotential] 23/7/2020 19:26

When is this nose dive stock going back over 200?