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Interim results on the 8th August for RBS.
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44p
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Steptoes
I can not see myself ever selling my shares. 20 years down the road u we will have a monster of a bank paying dividends and making excellent profit. With the numer of shares I have (not value) I feell the potential is very exciting! |
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what if it is split up and sold off piecemeal to individual banks?
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what if the world is hit by a comet?
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hmmm, if you had to put % probaboilities on each of thise outcomes what would you make?
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Goose
To be honest the way things are going I am not concerned at all! Just got to forget about thenm and wait for as long as possible. I am sure that temptation to take a profit will be constant. Just got to ignore it. If the Shares EVER get back to where they were I will be very wealthy! I can but dream!! |
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this is where application of logic comes in. and you're not doing it.
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rbs looks nailed on certainty to go above 50p soon ,but we've all seen plenty of so called certainies beat,still my monies on,althuogh i have been trading a bit.......just in case.
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how come rbs.lloyds are riseing but barclays going down.had a chance to loyds shares at 38p but was in to much pain with a trapped nerve was 6 hours to late.where can i find out what happens to the banks ie when do they pay av div.,news job loss is best to google it.
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oversold and look cheap!
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44.85
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barc half yearly report on mon
lloy wed rbs fri |
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what do people think what they gooing to report
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http://www.ft.com/cms/s/0/86b3e9b0-7e09-11de-8f8d-00144feabdc0.html?nclick_check=1
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They will hide huge profit margins by increasing bad debt loss figures. Imaginative accounting is the key term for all the buggers now.
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That from the ft will push them up monday morning.
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47p B-)
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I am with you Steptoe!! Every penny counts
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I'm in too ...only one way these shares are going
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I don't think there is much risk on the downside even at the current price but it's in RBS interest to be more aggressive than some of the others in writing down assets. Maybe their 1H results on Friday will disappoint caused by the writedowns. In the longer-term, depending on how they are returned to the private sector the aggressive writedowns could see them significantly undervalued.
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why aint barcs paying a div if it did how much would it be please what about lloyds rbs will they pay out
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If Barclays maintain the profits in the 2H and a payout ratio of around 35% rather than the former 50% then the dividend will be around 12p. RBS will not pay a dividend but Lloyds might.
"We intend to resume dividend payments before the end of 2009. As announced at the Annual General Meeting, it will be our policy to pay cash dividends on a quarterly basis. For the second half of 2009 we intend to make an interim cash payment in December, with a final cash dividend for the year being declared in February 2010 and paid in March. Looking forward, we intend to maintain strong capital ratios. We therefore expect that the proportion of profits after tax distributed through dividends will be significantly lower than the 50% level which was maintained in recent years." |
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I would say it's highly unlikely that either RBS or Lloyds would pay a dividend for some years. The strings attached to the APS are punitive.
...and I ask the question again. What does "perpetual and irredeemable" actually mean in the context of the B shares being issued to UKFI as the impact will have a big bearing on the way these banks will be run over the next 10 years. |
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People that have bought Rbs and Lloyds shares this year are not worried about the dividend!! Capital growth and stability will suit me fine!
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The LUFCwaffe,
''Perpetual and irredeemable'' I would take to mean that the B shares cannot be cancelled by RBS buying them back at the conversion price. Therefore ALL B shares issued will at some time become Ords which UKFI will place with Sovereign Wealth Funds/Institutions and possibly a retail offer to P.I.'s. RBS could of course buy back Ords in the market but in my experience share buybacks are a complete waste of money(look at LGEN for example..1BN wasted in a pointless buyback and now they've cut the dividend again...to conserve capital lol). To my mind everything hinges on the final details of the APS and how many B shares are issued.From memory the fee is 6BN plus 13 BN extra capital plus an option on another 6 BN capital, all to be paid for with B shares. I hope that with the situation gradually inproving not all of this capital will be required......we'll know a bit more on Friday. |
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According to the UKFI Annual Report RBS B shares convert to ordinary shares automatically if the share price reaches 65p or above for 20 out of 30 consecutive trading days.
Page 25 http://www.ukfi.gov.uk/releases/UKFI%20Annual%20Report%202008-2009.pdf |
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Yes you're correct there but UKFI cannot convert all their B shares if doing so would leave them owning more than 75% of the bank.
Most likely scenario is that they will convert B shares when the trigger point is reached then dispose of some and proceed to convert more and so on. The strong performance of the investment banking unit in H1 will hopefully reduce the amount of new capital forced on the bank by the Govt.This cannot have been factored into the figures mooted when the APS was first devised. Maybe fewer B shares will be issued than originally envisaged...although the Govt is getting such a good deal that they may force unnecessary capital on them anyway since RBS is in no position to argue. |
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It is the complete lack of clarity on the APS which is of concern.
Reading between the lines of the what has been dispatched for our edification, it would (as you point out) seem that there could be an intent (by UKFI) to trade out of RBS shares at opportune times which will free up the ability to replace with converted B shares. ...but as neither RBS (Lloyds) or UKFI have had the decency to state the intended workings of this scheme we can only make guesses. If of course the details of the APS have yet to be confirmed then yes there are certainly grounds for optimism. The details available to date look punitive, and are based on pretty much a doomsday scenario.....todays interim results from Lloyds sound encouraging. Will Lloyds reach the £25bn of writedowns that are required to trigger the APS? Why buy an insure with an excess of £25bn if you can't invoke the insurance? |
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Apologies to LLoyds......from their Interim Statement
"Government Asset Protection Scheme The Group is working with HM Treasury to finalise the detailed terms and conditions and operational mechanics of the Group's intended participation in the Government's Asset Protection Scheme. The operation of the scheme and the impact on our business (and the consequential impact on our lending and the wider economy) is complex. The Group expects to conclude these discussions and agree terms and conditions which are in the interests of shareholders." Hopefully they (and RBS) are in a stronger position now than when the details of the APS were first published. A heavily diluted APS will potentially be a massive boost to the share prices of both RBS and Lloyds over the coming years. |
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''In the interests of shareholders''.
That's the first encouraging piece of news concerning the APS I've read to date. Fingers crossed for a more favourable outcome than feared. |
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49.99p earlier today B-)
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Steptoes
Good to be on the rght side of things right!! Some on here are nbeing made to eat their own words. RBS up 2.5 pence today. as Ibought a load of these at just over 12 pence , every penny is Happy Days. Sure I bought some at much higher prices, that really does not matter any more!!! Happy days |
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through 50p
boooooooooooooooom |
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Wait until interim announcement on Friday expanding on asset sales of former ABN Amro overseas.Should go above 60p soon.
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Happy days. Well over 4 times what I paid for them!. Is there no end to this rally?
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54p!!
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I remember chisel tipping these up at about 2 quid a share saying they couldnt go any lower.
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easy money !
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Hopefully 60psville tomorrow B-)
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