Rbs shareholders

[Toaods]

The open offer for shares is out, so if you are on the hit list what's your plan of action............................and why???

also how low will the SP drop to?

[johnbc70]

At the moment you do nothing - why take up the 'offer' to buy shares at 65.5p when you can buy them in the market for 60p.

If the share price increases to over 65.5p then yes buy them via the offer and sell them when you can and walk away with your profit.

p.s. only IMO, I am not offering advice!!!

[Phil D. Rolls]

When others are fearful it's time to be reckless and when others are reckless it's time to be fearful.

That's how the big money makes it's money by the way.

[Removed]

At the moment you do nothing - why take up the 'offer' to buy shares at 65.5p when you can buy them in the market for 60p.

If the share price increases to over 65.5p then yes buy them via the offer and sell them when you can and walk away with your profit.

p.s. only IMO, I am not offering advice!!!

:agree:

[Houchy]

I've not had the chance to read the letter yet. My wife just told me there was "a letter in the house offering a certain amount of shares at a certain price for every 14 shares" so I've no idea what it's about yet.

[Toaods]

Ever visit The Motley Fool?

one wag on there reckons they could drop to as low as 30-40p and the press sure seem out to get them. I just raised cash to buy but think I'll hang fire a wee while and see what way it goes.

[Houchy]

Just read the letter and I think it's ridiculous that we are getting offered "new shares" at a higher price than what anyone can buy them for anyway. I feel like a mug for lumping £3k into them in the first place without them trying to take me for another ride to raise cash.

I know my £3k aint much in the grand scheme of things, but i'm thinking of selling for £1600 (approx) just to show my disgust at their crap offer. IMHO of course.

ps. is anyone elses smillies not working?

[GREEN BRAZIL]

can you sell your allocation just now :dunno:

[Houchy]

can you sell your allocation just now :dunno:

What do you mean GB?

[Toaods]

I'm already in at a higher price so will take my gamble on them rising back in the longer term.

If that pans out as I hope then the current lower market price does say to me 'buy more at this rate as you can't go wrong'.

Of course, we all know sods law says different, but hey thats the gamble.

Must be a few RBS workers on here sitting with a big pile of top-heavy shares??

If so, whats the staffs general attitude?

uncertainty or dismay??



NB - needed another option on the poll for - buying at a much cheaper price in the market.

[GREEN BRAZIL]

What do you mean GB?
im not too sure to tell you the truth

[GREEN BRAZIL]

What do you mean GB?
the last time rbs done this a few months back i could have sold my option at a market price

[Houchy]

the last time rbs done this a few months back i could have sold my option at a market price

Yeah but this isn't an open options deal. If you have options, you have the "option" to sell at current market value or likewise the option not take it up and withdraw your money.

Where you may be getting confused is where you have options priced at £8.00 whereas the actually market value is £8.42

You would therefore be able to do a cash free trade where you excercise your option of say 100 shares and taking the £0.42 profit per share without actually buying and therefore owning the shares at any point.

Because it's a cash free purchase and sale there should be no trader fees/commission.

[GREEN BRAZIL]

Yeah but this isn't an open options deal. If you have options, you have the "option" to sell at current market value or likewise the option not take it up and withdraw your money.

Where you may be getting confused is where you have options priced at £8.00 whereas the actually market value is £8.42

You would therefore be able to do a cash free trade where you excercise your option of say 100 shares and taking the £0.42 profit per share without actually buying and therefore owning the shares at any point.

Because it's a cash free purchase and sale there should be no trader fees/commission.
this ones called an open offer entitlement, do you know what happens to those shares if i don't buy them

[Houchy]

this ones called an open offer entitlement, do you know what happens to those shares if i don't buy them

My understanding is that the option to buy at that price lapses and you just buy them as normal at whatever price the market's at.

[GREEN BRAZIL]

you probably know this so my apologies. the new sharers that are not bought by shareholders will be taken up by the government. is this good or bad

[Andy74]

This is an open offer and not a rights issue so you canot sell the rights like you could the last time.

Remember to take into consideration that the additional shares which will be in issue mean that your current holding will be diluted if you take the do nothing approach.

[Houchy]

This is an open offer and not a rights issue so you canot sell the rights like you could the last time.

Remember to take into consideration that the additional shares which will be in issue mean that your current holding will be diluted if you take the do nothing approach.

So, am I right in saying that they are making us buy shares at a higher price than the current market value or we lose even more money. The RBS is a **** money pit which would be aswell going away and dying quietly instead of trying to screw the very people that bought shares to try to support it (ok and to make money).

I just see no benefit.

[Toaods]

So, am I right in saying that they are making us buy shares at a higher price than the current market value or we lose even more money. The RBS is a **** money pit which would be aswell going away and dying quietly instead of trying to screw the very people that bought shares to try to support it (ok and to make money).

I just see no benefit.


i think the main idea was the Gov underwrite the additional shares available at a price of 65p.

as this was to be a decent deal it would tempt people to cough up more dough, which boosts the bank. This left unsold go to HM Gov and they get their cash back regardless in time.

The main two problems seem to be:

1. Timing - the bottom is falling out the market and the price has crashed lower than the 'bargain' offer.

2. The Media - out to slate the banks with RBS an undoubted favoured target.


As things stand tonight - I can buy 'more for less' than the offer using the market. If it drops again by close of play tomorrow night.......wee heeeeeee.........:thumbsup:

[hibsdaft]

3000 jobs will go at RBS securities division according to Bloomberg source:
http://www.bloomberg.com/apps/news?pid=20601087&sid=aWhJM1D.BYuc&refer=home

are many of these likely to be based in Edinburgh?

[Houchy]

3000 jobs will go at RBS securities division according to Bloomberg source:
http://www.bloomberg.com/apps/news?pid=20601087&sid=aWhJM1D.BYuc&refer=home

are many of these likely to be based in Edinburgh?

I would have thought Securities (and derivatives) are mostly traded in London but I don't know an awful lot about RBS operations in Scotland.

I just know that the jobs that i've looked at in securities and financial derivatives have mostly (or all in fact) been based in London.

[Removed]

A man is getting into the shower just as his wife is finishing up her shower, when the doorbell rings. The wife quickly wraps herself in a towel and runs downstairs. When she opens the door, there stands Bob, the next-door neighbor.
Before she says a word, Bob says, “I’ll give you £800 to drop that towel, “
After thinking for a moment, the woman drops her towel and stands naked in front of Bob After a few seconds, Bob hands her £800 and leaves.
The woman wraps back up in the towel and goes back upstairs. When she gets to the bathroom, her husband asks, “Who was that?”
“It was Bob the next door neighbor,” she replies.
“Great,” the husband says, “did he say anything about the £800 he owes me?”

Moral of the story:
If you share critical information pertaining to credit and risk with your shareholders in time, you may be in a position to prevent avoidable exposure.

[Toaods]

A man is getting into the shower just as his wife is finishing up her shower, when the doorbell rings. The wife quickly wraps herself in a towel and runs downstairs. When she opens the door, there stands Bob, the next-door neighbor.
Before she says a word, Bob says, “I’ll give you £800 to drop that towel, “
After thinking for a moment, the woman drops her towel and stands naked in front of Bob After a few seconds, Bob hands her £800 and leaves.
The woman wraps back up in the towel and goes back upstairs. When she gets to the bathroom, her husband asks, “Who was that?”
“It was Bob the next door neighbor,” she replies.
“Great,” the husband says, “did he say anything about the £800 he owes me?”

Moral of the story:
If you share critical information pertaining to credit and risk with your shareholders in time, you may be in a position to prevent avoidable exposure.

:greengrin

[Removed]

Under 50p now :faint:

[Toaods]

Under 50p now :faint:

they'll be a bit investmentgroup friendless after this preferential shares pay out change in direction by the government.

I still think with my unqualified brain/intuition that it's got to go back up with government support. Wonder what'll happen first a healthy profit if buying in this week or us to win the Scottish Cup....??


EDIT: 45.90p:http://www.iii.co.uk/investment/detail?code=cotn:RBS.L&display=summary&it=le

[Houchy]

they'll be a bit investmentgroup friendless after this preferential shares pay out change in direction by the government.

I still think with my unqualified brain/intuition that it's got to go back up with government support. Wonder what'll happen first a healthy profit if buying in this week or us to win the Scottish Cup....??


EDIT: 45.90p:http://www.iii.co.uk/investment/detail?code=cotn:RBS.L&display=summary&it=le

41.7p:grr: And we've got the nerve to laugh at the Okay Dokey bank.:greengrin

[Houchy]

I'm starting to think that they'll never go back above £1. I really just cannot see it being possible.

[Toaods]

I've been a bit busy at work(well still here now :cool2: ) so haven't really had a chance to follow events of the last few days, but that may well have been to my advantage..price has dropped and may struggle to rise again but my moneys still in my online pocket.

A bung inot the mortgage might be the better bet, need to do some catching up with all the message boards before I commit.