A little disappointed toay, but think the figures were actually not too bad!

Haven't digested the figures yet myself, but at first glance the negative statements look a concern. If the write downs have yet to peak and a recovery further off than previously anticipated by the markets, then the prospects for the business remain cloudy.

Hesters comments regards political interference don't bode well either, even though he's spot on in what he's saying.

RBS don't seem to have the flexibilty going forward that is now available to Lloyds, for whom they may even be able to escape the clutches of the APS, whereas RBS are being sucked into it

unless we see some inflation ,house prices are still way too high,rbs might have the edge on lloyds inthis respect,but i would be a little more cautious over 50/100 inboth shares.

As previously stated it is in RBS interest to be cautious and more aggressive in writedowns. Obviously RBS and Lloyds loan book will be different but they can't both be right-

' results will be poor over the next two years, with no substantial improvement before 2011...
still too soon to say whether the market had seen the high-tide mark for impairments.
It's not impossible that we should be more optimistic now, but I am not going to call the turn today -- we need more evidence...
Even if the technical peak is either near or has passed, it will be some years before impairments subside. One needs to be cautious at overinterpreting short-term indicators.'

RBS is too cautious or Lloyds are too optimistic with their view that loan impairments have peaked. Political nuances are very much in the picture but I think Lloyds are being overly optimistic.

RBS biggest corporate loss in UK history now a small profit.

Not a bad turn around if u ask me.....another year and these shares will have at least doubled.

This appears to be the thread for making comments completely off the top of your head.

Trying to put a valuation on a bank that is all but nationalised is 100% guess work, because ultimately the share price will depend on what the bloke in no. 10 decides.

If he decides to pay 95 pence on the pound for all the sh1t that they have on their books then the share price could go to the moon. If he decides to let them suffer the consequences of the coming tsunami of defaults then the price will go all the way to zero.

There are far better ways to invest your money then trying to second guess what a politician is going to do.

OK RTB?

OK owls, get your point!

But still think that there are reasons for Lloyds to be upbeat and RBS downbeat.

Although with talk of yet another rights issue at Lloyds it may be a while before £1 is reached again.

lloyds rights much would the share price be at?

The problem that Lloyds have is that there's initial agreement is that the Gov will subscribe to Lloyds B shares at a price of 115p per share......as they are currently trading at 100p per share it will be difficult not to serious p1ss off the small shareholders.

The big institutions will be happy (and can afford) to subscribe, but the small man on the street may struggle.


RBS non-core business is losing money hand over fist (£9.6bn for the last 6 months) is expected to continue to do so, and may not yet have peaked. Their participation in the APS looks a done deal.

Lloyds on the other hand believe that the rate of losses should now be in decline, and they expect a significant reduction in impairments from now on. They also appear to have booked a lower profit on buying their debt than RBS did (£745m against RBS' £3.8m....from what I note in the Interims)...these benefits will not be inevidence so much next time, if at all.

Lloyds also believe they will be able to book a £+2bn readjustment over the next 6 months (was £+3.7bn for the first 6) which will be beneficial, + the ongoing cost savings.

Lloyds state that they will make a full year loss, but at what rate is that loss being reduced? Why pay £15bn+ for the APS, if you have to absorb the first £25bn yourself (c.£10.4bn attributable from the latest results, and believed to reduce significantly over the next 6 months).

For Lloyds the current APS arrangement no longer looks approriate, but at what cost and to whom (the small shareholder?). The amount raised by a rights issue needs to be assessed realistically. How much money genuinely needs to be put into the pot to keep the FSA happy regards capital ratio (which currently looks better than RBS from what I can glean)

It will be a while before RBS shake off the non-core loss making side....and return to a profitable bank. The latest accounts for the core business show a profit before tax of £6.3bn for 6 months (though this may include the debt buy back profit of £3.8bn).

Somewhere behind the figures from these banks lies profitability for the future.....your guess is now to work out how much and whether your holding is going to be diluted out of sight

The problem that Lloyds have is that there's initial agreement is that the Gov will subscribe to Lloyds B shares at a price of 115p per share......as they are currently trading at 100p per share it will be difficult not to seriously upset the small shareholders.

The big institutions will be happy (and can afford) to subscribe, but the small man on the street may struggle.

RBS non-core business is losing money hand over fist (£9.6bn for the last 6 months) is expected to continue to do so, and may not yet have peaked. Their participation in the APS looks a done deal.

Lloyds on the other hand believe that the rate of losses should now be in decline, and they expect a significant reduction in impairments from now on. They also appear to have booked a lower profit on buying their debt than RBS did (£745m against RBS' £3.8m....from what I note in the Interims)...these benefits will not be inevidence so much next time, if at all.

Lloyds also believe they will be able to book a £+2bn readjustment over the next 6 months (was £+3.7bn for the first 6) which will be beneficial, + the ongoing cost savings.

Lloyds state that they will make a full year loss, but at what rate is that loss being reduced? Why pay £15bn+ for the APS, if you have to absorb the first £25bn yourself (c.£10.4bn attributable from the latest results, and believed to reduce significantly over the next 6 months).

For Lloyds the current APS arrangement no longer looks approriate, but at what cost and to whom (the small shareholder?). The amount raised by a rights issue needs to be assessed realistically. How much money genuinely needs to be put into the pot to keep the FSA happy regards capital ratio (which currently looks better than RBS from what I can glean)

It will be a while before RBS shake off the non-core loss making side....and return to a profitable bank. The latest accounts for the core business show a profit before tax of £6.3bn for 6 months (though this may include the debt buy back profit of £3.8bn).

Somewhere behind the figures from these banks lies profitability for the future.....your guess is now to work out how much and whether your holding is going to be diluted out of sight

hmm...the "Invalid Data" problem.

sorry for the multiple posts folks

I would assume that RBS do not care a jot about the current government and will await the arrival of Mr Cameron.

Could be true ~ for a year is a long time in politics.

Good Man

Good luck to you !

reportedly selling asian assets to standard c

B-)

Steptoes

Enjoy the good news whilst it lasts. All those that told you to leave the shares alone are conspicuous by their abscence from your thread

barc shares have just come off the back of a incredible run!

made 27% profit in less than a month but im not sure if i should get out now or wait a few years to see if i can double/treble my investment. im in no need of cash in short term so im thinking leave it