Royal Bank Of Scotland Share Discussion Threads

[polar fox] 31/7/2020 10:47

And the RNSs, what's the position there?

[polar fox] 31/7/2020 10:41

Rose was just interviewed live on 231 for a few minutes. No hard questions - it mostly boiled down to her talking almost entirely about the fantastic support the group has been and is offering to business and all other customers. She must have said the word 'support' scores of times!

As I've posted before, it's just a shame that no solid, experienced, respected banker was/is willing to head the group. So she gets it by default. Not good enough.

[leedskier] 31/7/2020 10:40

pf as I recall you wanted the charts on the same bookmark. It is not possible on ADVFN to change the text above the charts or the epic.

I am more than happy to close this BB down, but if I do I will remove all the charts.

[polar fox] 31/7/2020 09:58

He can say this again!

BBC:
Donald Brown, senior investment manager at Brewin Dolphin, said: "Banks are expected to bear a lot of the economic fallout from Covid-19 and their share prices are down significantly this year - in NatWest's case, more than 50%.

"It is likely to be a treacherous road ahead for NatWest and many of its peers. With the UK banking season nearly complete, NatWest's statement adds to the downbeat tone heard this week."

unquote

[polar fox] 31/7/2020 09:16

Have you been hiding behind the sofa, leeds? The RNSs have long gone from this thread. Are you making any effort to reflect the change of name properly?

If it doesn't happen soon, it will make sense to me to switch and leave this thread solely for monitoring its charts.

[leedskier] 31/7/2020 07:59

Guardian


NatWest Group – also the owner of Royal Bank of Scotland – has told 49,000 of its 65,000 staff to keep working from home until 2021. Its CEO, Alison Rose, said the bank would by that time consider bringing people back in a “gradual and cautious way”. Around 10,000 staff have kept 95% of its branches open during lockdown. Another 400 staff in highly regulated roles were asked to return to offices in June.

Rose said some staff benefited from the flexibility of home working, but said the bank would likely end up with a “hybrid model of still needing offices and space to bring people together to make sure our culture stays strong”.

[polar fox] 31/7/2020 06:10

Everywhere you look, the numbers are horrid. Shocking. On balance, they are worse even than LLOY's yesterday. Are the girls in charge up to it? No respite for falling SPs for the sector is how I see it.

[clond] 30/7/2020 15:31

Brexit and 2nd wave versus vaccine.

Who when and where will play this out in the next 8 weeks.

[sux_2bu] 30/7/2020 13:14

80p coming soon

[polar fox] 30/7/2020 08:57

ADVFN can't cope with the volume.

[polar fox] 30/7/2020 08:57

ONS has done an international comparison, for the first time, into excess deaths up to mid-June. England had the highest total in Europe. What a surprise.

The BBC's stats guy is going to be on 231 after the news at ten, talking to Anita. Must watch!

[buywell3] 30/7/2020 07:26

UK Banks stressed NOW

And we haven't even had Covid-19 wave number two yet

What then ???

[polar fox] 30/7/2020 06:14

LLOY awful. This about sums it up:

Statutory loss before tax of GBP602 million and statutory profit after tax of GBP19 million, both impacted by income developments and the increased impairment charge. Tangible net asset value per share of 51.6 pence.
unquote

Probably much the same tomorrow....

[buywell3] 29/7/2020 21:16

A name change won't help this chart --- only better numbers will IMO

buywell has been negative on banks for the last 5 years as many might have gathered

The share price Chart of UK banks has agreed with buywell .

======== LLOY and Banks and Markets and GOLD =======


If you look back buywell has said 20p for a few months now

Several months back when LLOY was circa 60p to 68p and they were carrying on a large buyback program of many Billions of pounds using shareholders monies . buywell was critical of that program and predicted 30p would come when it stopped.

This is now the case with FED stimulus in the USA

They have created a monster market in the face of a Covid-19 pandemic. A monster which must be fed ever bigger meals to keep it alive as it grows.

Another $ 2 Trillion now hangs in the balance ( days) to add to the $7 Trillion already spent/agreed . The $ has tanked nearly 9% in the face of such FED actions and GOLD has surged to Historical highs.

Another $2 Trillion should IMO tank the $ another several per cent and send POG higher still IMO. Will investors now increasingly leave the main markets and invest in precious metals ? IMO some have done so already and it has been FED stimulus that has been sending Main markets and POG higher at the same time .

This is not the usual case IMO so we have a disconnect situation indicating the markets are in a stressed / bubble state.

All IMO dyor

[polar fox] 29/7/2020 19:52

Judging by your profile, it's because you're about as bright as a Toc H lamp.

[lms] 29/7/2020 17:47

Help ! Why can't I find RBS on my stockwatch page ?

[polar fox] 29/7/2020 11:38

This was the recent comment from IG:

RBS share price: technical analysis (first-half earnings 31 July)

Royal Bank of Scotland (RBS) has seen only limited upside since the March lows, with the spike to 140p in June followed by steep losses. This was followed up by a range-bound trading pattern, with gains capped around 127p and downside held around 118p. Longer-term gains back in the direction of 140p will have to await a rally through 127p, while a drop below 115p raises the prospect of a move back to 100p.

unquote

The share price is now below 115p.

[polar fox] 29/7/2020 11:05

I was just looking at the BARC thread. After the RNS, the posts reflected an enthusiastic welcome for interims that were judged to be much better than generally expected. Then the market opened and the share price has taken a real hit, as can be seen on the chart above.

It doesn't augur well for LLOY tomorrow and Northumbrian Water on Friday, given that BARC was rated the best of the three in the run-up.

[maxk] 27/7/2020 22:27

It's just delphiman talking to himself.

[polar fox] 27/7/2020 20:44

leeds,

Go to NWG - there is a surprise package. You have a (second-rate) rival!