Rbs

[ggth]

Anyone still in with RBS (shares)? surely now they must have hit rock bottom..
I jumped in at 12p, will forget about them for at least 18-24 months

funny way things work out, was in not Gordon Brown that pushed for Fred Goodwin nighthood for services to banking......:faf:

[Andy74]

Anyone still in with RBS (shares)? surely now they must have hit rock bottom..
I jumped in at 12p, will forget about them for at least 18-24 months

funny way things work out, was in not Gordon Brown that pushed for Fred Goodwin nighthood for services to banking......:faf:

Do you know if they get fully nationalised those shares will be worth zero?

Just one to watch for.

[Woody1985]

Do you know if they get fully nationalised those shares will be worth zero?

Just one to watch for.

A guy I was speaking to was saying that they couldn't be fully nationalised in the way Northern Rock were for one reason or another.

Is this the case?

I was thinking of buying £40 / £50 quids worth.

[Andy74]

A guy I was speaking to was saying that they couldn't be fully nationalised in the way Northern Rock were for one reason or another.

Is this the case?

I was thinking of buying £40 / £50 quids worth.

They can. There is a plan in place at the moment for the holding to go to 70%which will be by the end of March.

If anything happens in the meantime full nationalisation is a possibility, some would say probability.

Would be no difference to customers but shareholders would see their shares worth zero.

[Speedy]

A guy I was speaking to was saying that they couldn't be fully nationalised in the way Northern Rock were for one reason or another.

Is this the case?

I was thinking of buying £40 / £50 quids worth.

You'll probably find that buying £40/£50 worth isn't worth it because of the charges.

[Woody1985]

You'll probably find that buying £40/£50 worth isn't worth it because of the charges.

I've looked at some share dealing offers and the best I can get is £7.50 charge per transaction with no account admin fee.

It would be something I'd be happy to leave for a few years 12p now and say in 3-5 years recovered to something like a £1 a share it's not bad going considering the interest rates from having £50 in a savings account for the same period. 5 years at 3% returns less than £60.

Worth the risk IMO. Think I've just talked myself into it!

Does anyone know about what I've said earlier re nationalisation? Could the government even afford it now after the amount of money ploughed in?

[col02]

I've looked at some share dealing offers and the best I can get is £7.50 charge per transaction with no account admin fee.

It would be something I'd be happy to leave for a few years 12p now and say in 3-5 years recovered to something like a £1 a share it's not bad going considering the interest rates from having £50 in a savings account for the same period. 5 years at 3% returns less than £60.

Worth the risk IMO. Think I've just talked myself into it!

Does anyone know about what I've said earlier re nationalisation? Could the government even afford it now after the amount of money ploughed in?

I cannot see the government letting this bank become nationalised as they risk alienating investors who will have a fair whack of money tied up in the bank itself via shares. If RBS can ride out the announcement from yesterday regarding record losses for a couple months they will start to grow again i feel. I am looking to buy another few hundred pounds worth at the current price as bought a £1000 worth a couple months back at 40p per share and still think in time they will come good. I would like to think by this time next year the shoots of recovery will start to show again so a bit patience is required with shares in banks right now. Also got shares in Barclays that have plummeted but again have faith they will come good again in time.

[Woody1985]

I cannot see the government letting this bank become nationalised as they risk alienating investors who will have a fair whack of money tied up in the bank itself via shares. If RBS can ride out the announcement from yesterday regarding record losses for a couple months they will start to grow again i feel. I am looking to buy another few hundred pounds worth at the current price as bought a £1000 worth a couple months back at 40p per share and still think in time they will come good. I would like to think by this time next year the shoots of recovery will start to show again so a bit patience is required with shares in banks right now. Also got shares in Barclays that have plummeted but again have faith they will come good again in time.

That's what I was looking to hear. :thumbsup:

Opened a share account with www.hoodlessbrennan.com (http://www.hoodlessbrennan.com) so plan to start on there. Need to send some ID first.

Really wanted to get in first thing tomorrow as I see they closed at 10.3p today. I fear that I might not have my account set up until next week and they'll have risen. Wouldn't be best please if they were to go up to 20/30p by next week! Would be gutted actually!

I was on a financial site earlier and reading some of the forums from yesterday and today and one guy was saying he was going to put £500 per month into Barclays as he thinks it will recover in time and give him a nice profit.

[Removed]

Anyone still in with RBS (shares)? surely now they must have hit rock bottom..
I jumped in at 12p, will forget about them for at least 18-24 months

funny way things work out, was in not Gordon Brown that pushed for Fred Goodwin nighthood for services to banking......:faf:

Thanks for that.

I have a 'few' thousand, combination of profit sharing and SAYE - and I've got an ISA statement from a couple of years ago with them valued at over £100K

Value today £1700 give or take a few coppers:boo hoo:

[Wembley67]

I cannot see the government letting this bank become nationalised as they risk alienating investors who will have a fair whack of money tied up in the bank itself via shares. If RBS can ride out the announcement from yesterday regarding record losses for a couple months they will start to grow again i feel. I am looking to buy another few hundred pounds worth at the current price as bought a £1000 worth a couple months back at 40p per share and still think in time they will come good. I would like to think by this time next year the shoots of recovery will start to show again so a bit patience is required with shares in banks right now. Also got shares in Barclays that have plummeted but again have faith they will come good again in time.

I bet you £20 to Dnipro that RBS will become nationalised this year :agree:

[col02]

I bet you £20 to Dnipro that RBS will become nationalised this year :agree:

If that happens why would i want to lose even more money?:greengrin Going by what i have read they will recover once the UK economy starts to recover. Below is the wee snippet that gives me heart they will ride out this bumpy period.

'Moody's believes that over the longer term RBS is likely to remain one of the largest retail and commercial banks in the UK, albeit likely with a reduced international presence,' the rating agency said.

[Wembley67]

If that happens why would i want to lose even more money?:greengrin Going by what i have read they will recover once the UK economy starts to recover. Below is the wee snippet that gives me heart they will ride out this bumpy period.

'Moody's believes that over the longer term RBS is likely to remain one of the largest retail and commercial banks in the UK, albeit likely with a reduced international presence,' the rating agency said.

Look back in recent history to a lot of worldwide companies that this has happened too, they have gone under purely (infact that's pish but you get my drift) because the government have not stepped into save them - it's gonna happen!

Please bear in mind I have been to the pub :blah::greengrin

[col02]

Look back in recent history to a lot of worldwide companies that this has happened too, they have gone under purely (infact that's pish but you get my drift) because the government have not stepped into save them - it's gonna happen!

Please bear in mind I have been to the pub :blah::greengrin

Be a shame if it was to happen as like the example above from 65bd there will be a lot of people who stand to lose an awful lot of money that they will not recover thru RBS being nationalised. Be the governments kiss of death for their chances in the next election if they were to authorise that imho!

[Woody1985]

Thanks for that.

I have a 'few' thousand, combination of profit sharing and SAYE - and I've got an ISA statement from a couple of years ago with them valued at over £100K

Value today £1700 give or take a few coppers:boo hoo:

That would make me sick. Losing 20quid in the puggy is bad enough!

[horseman]

That would make me sick. Losing 20quid in the puggy is bad enough!

losing 5 pound on bamba for the first goal every week makes me sick !!

[MrRobot]

I've been tempted to chuck a couple hundred in and see how it goes, not too sure though.

[horseman]

I've been tempted to chuck a couple hundred in and see how it goes, not too sure though.


on bamba ??

[hibsdaft]

i'm no expert but i can see that nationalisation was not an option politically when the share price was 50p, and state ownership was 40%

seems its far more viable now so is this move to 70% was just talking a half step to inevitable nationalisation?

[MrRobot]

on bamba ??

To score with a flying overhead kick with his manouvere start from the 18 year box and ending at the penalty spot. Might get me a wee profit.

[Andy74]

Guys, please believe me before chucking in anything that nationalisation is a very real possibility. The govt don't want to, the bank dont' want it, but circumstances may lead to it.

Yes, shareholders will lose out but most have anyway and the instutions have sold in the main which has led to the current price.

It's a very big gamble and only put in if you can afford to see it all lost over the coming weeks.

If things do go well and RBs recover then of course there is potential upside.

[Woody1985]

Guys, please believe me before chucking in anything that nationalisation is a very real possibility. The govt don't want to, the bank dont' want it, but circumstances may lead to it.

Yes, shareholders will lose out but most have anyway and the instutions have sold in the main which has led to the current price.

It's a very big gamble and only put in if you can afford to see it all lost over the coming weeks.

If things do go well and RBs recover then of course there is potential upside.

I understand the risk on this and am going to go ahead with maybe £70. My share account isn't fully set up yet though so can't get in at 11p just yet.

The way I see it is that it's a night out for the potential to increase greatly over a couple of years.

[Toaods]

I read that if nationalised HMG can hang on until the smoke clears then reintroduce them to the market.

Current shareholders would possibly get some form of compenation as such but not anything like you would want.

I'm averaged at just over 50p a share, but was using money that came my way so I won't be chucking myself off the North Bridge if it goes under, of course I'll be hoping it goes the other way...:thumbsup:

[Woody1985]

I just got in at 11.29p. Only £50quid worth and £9.95 transaction fee on top.

Here's hoping they stabalise and go up over the next 3 years or so by a 1000% - £1 odds a share :LOL:

[johnbc70]

It really is a gamble but there is limited downside and unlimited upside. Downside is that if RBS is nationalised you lose all your cash, upside is that any recovery even back to £1 a share sees you near enough getting 10 times your investment back.

In March 2007 you were looking at £7.25 a share so £1000 would buy you about 137 shares. The same £1000 today would buy you about 8,333 shares. Say in 5 years the share price is £5 then your £1000 is now worth a very nice £41,665. Make sure you stick them in an ISA to aviod the capital gain tax mind.

[Removed]

It really is a gamble but there is limited downside and unlimited upside. Downside is that if RBS is nationalised you lose all your cash, upside is that any recovery even back to £1 a share sees you near enough getting 10 times your investment back.

In March 2007 you were looking at £7.25 a share so £1000 would buy you about 137 shares. The same £1000 today would buy you about 8,333 shares. Say in 5 years the share price is £5 then your £1000 is now worth a very nice £41,665. Make sure you stick them in an ISA to aviod the capital gain tax mind.

I'm away to stick my head in the oven :boo hoo:

Admins - for the sake of my blood pressure please delete this thread :greengrin

[Speedy]

It really is a gamble but there is limited downside and unlimited upside. Downside is that if RBS is nationalised you lose all your cash, upside is that any recovery even back to £1 a share sees you near enough getting 10 times your investment back.

In March 2007 you were looking at £7.25 a share so £1000 would buy you about 137 shares. The same £1000 today would buy you about 8,333 shares. Say in 5 years the share price is £5 then your £1000 is now worth a very nice £41,665. Make sure you stick them in an ISA to aviod the capital gain tax mind.

As Andy said, be prepared to lose whatever you put in and don't gamble with anything you can't afford to lose.

[Sauzee07]

I don't get the facination with RBS shares. Everyone I speak to at the moment seems to fancy buying some.

If I showed you a chart of their share price performance over the last 18 months but did not tell you which company I was showing you then you'd laugh if I suggested that you invest. The chart would show you a company who looked like they were going bust fast.

RBS down 97% and nationalisation is a formality in my opinion.

There are far better (and less risky) investments to be had in this market.

All my humble opinion, of course.

[ancienthibby]

I don't get the facination with RBS shares. Everyone I speak to at the moment seems to fancy buying some.

If I showed you a chart of their share price performance over the last 18 months but did not tell you which company I was showing you then you'd laugh if I suggested that you invest. The chart would show you a company who looked like they were going bust fast.

RBS down 97% and nationalisation is a formality in my opinion.

There are far better (and less risky) investments to be had in this market.

All my humble opinion, of course.

Why on earth??

The gov already owns/controls sufficient shares to do whatever they want to do!!

The only further action the labour party in Westminster will do is to find another way of embarrassing the Scottish Gov in Edinburgh.

Got nothing to do with banks - but everything to do with politics!!

[Woody1985]

I don't get the facination with RBS shares. Everyone I speak to at the moment seems to fancy buying some.

If I showed you a chart of their share price performance over the last 18 months but did not tell you which company I was showing you then you'd laugh if I suggested that you invest. The chart would show you a company who looked like they were going bust fast.

RBS down 97% and nationalisation is a formality in my opinion.

There are far better (and less risky) investments to be had in this market.

All my humble opinion, of course.

Care to share them?

The reason for the fascination with RBS is that they are dirt cheap, we will always need banks, the government are trying to prop them up to keep them going and IMO don't want to nationalise them (although may be forced to) and the recession will end at some point. IF they aren't nationalised and manage to stabalise over the next 3-5 years then you really can't lose. For the sake of £50 up to a few hundred quid in my circumstance is well worth the gamble.

I'm personally going to try and learn about the stock market and hopefully pinpoint some companies that will flourish during or at the end of the recession. Just because the economy is bad doesn't mean there isn't a lot of money to be made.

[Coco Bryce]

Article in the Gaurdian revealing Fred the shred who was emptied as a result of this complete fiasco walked away with a £579,000 annual pension :grr::grr::grr:

Also Andy Hornby who took HBOS down the tubes is still working for them as a consultant on £60,000 per month.

Absolutely disgusting, these guy's should be prosecuted for their irresponsible behaviour ala Nick Leeson

Just say sorry Fred... (http://www.guardian.co.uk/business/2009/jan/24/fred-goodwin-rbs)

[Woody1985]

Article in the Gaurdian revealing Fred the shred who was emptied as a result of this complete fiasco walked away with a £579,000 annual pension :grr::grr::grr:

Also Andy Hornby who took HBOS down the tubes is still working for them as a consultant on £60,000 per month.

Absolutely disgusting, these guy's should be prosecuted for their irresponsible behaviour ala Nick Leeson

Just say sorry Fred... (http://www.guardian.co.uk/business/2009/jan/24/fred-goodwin-rbs)

IMO these guys should be put in jail.

The amount of suffering and poverty these R soles will cause through mismanagement is absolutely fking outrageous. Not to mention the wider impact on the social side of things, people with increased debt will turn to crime such as shop lifting, fraud, drug dealing etc to make some money. I know that not everyone will but I certainly think we'll see an increase in crime in the next few years.

The chairmen of these bank should have something written into their contracts that state they have a duty to the economy and the population as a whole. That's if it doesn't already. And if it does it should mean loss of pension, payments etc.

It's a farce that these guys have been getting paid for months after they've caused all this. I understand that this is a global issue (caused by all of them jumping on the same bandwagon) and there is pressure on them to deliver profits and keep at the top end of the market but surely someone with a spine could say we're going to manage things appropriately and not take too much risk.

The Bank that I work for have certainly kept things tight and have one of the lowest, if not the lowest arrears rate in the mortgage market. One of the directors said to us in a meeting 2/3 years ago that we couldn't afford to compete with the likes of Northern Rock on price as it was simply unsustainable. We all know what happened to them...

[--------]

Anyone still in with RBS (shares)? surely now they must have hit rock bottom..
I jumped in at 12p, will forget about them for at least 18-24 months

funny way things work out, was in not Gordon Brown that pushed for Fred Goodwin nighthood for services to banking......:faf:


No, I think The knighthood was for services (a.k.a. financial contributions?) to the Labour Party.

At one time I thought the Tory governments of Margaret Thatcher and John Major were about as corrupt and sleazy as any government could get.

Then Blair and Brown come along and totally out-sleaze them.

There's always a good side to an economic recession - the fly men and the wide-boys like Goodwin and Hornby (and their political pals like Brown and Darling) make a killing while the little guys go down.

Question - when Alistair-Dahling retires from Parliament, does anyone think he WON'T be offered a seat on the board of RBS or HBOS?

At an appropriate rate of remuneration, of course. Like £2,000 a minute?

[Tyler Durden]

IMO these guys should be put in jail.

The amount of suffering and poverty these R soles will cause through mismanagement is absolutely fking outrageous. Not to mention the wider impact on the social side of things, people with increased debt will turn to crime such as shop lifting, fraud, drug dealing etc to make some money. I know that not everyone will but I certainly think we'll see an increase in crime in the next few years.

The chairmen of these bank should have something written into their contracts that state they have a duty to the economy and the population as a whole. That's if it doesn't already. And if it does it should mean loss of pension, payments etc.

It's a farce that these guys have been getting paid for months after they've caused all this. I understand that this is a global issue (caused by all of them jumping on the same bandwagon) and there is pressure on them to deliver profits and keep at the top end of the market but surely someone with a spine could say we're going to manage things appropriately and not take too much risk.

The Bank that I work for have certainly kept things tight and have one of the lowest, if not the lowest arrears rate in the mortgage market. One of the directors said to us in a meeting 2/3 years ago that we couldn't afford to compete with the likes of Northern Rock on price as it was simply unsustainable. We all know what happened to them...

I think its easy to criticise the likes of Goodwin and Hornby. But in reality if they hadn't operated the way they did, there would no doubt be plenty of influential shareholders calling for their heads, claiming they weren't taking the opportunities that existed in the market. Unfortunately not everyone was as prudent as Lloyds but whilst the bonuses were good and share prices high, everyone was happy. The lack of effective regulation from the government beggars belief IMHO. Suppose hindsight is a wonderful thing though......

[Woody1985]

I think its easy to criticise the likes of Goodwin and Hornby. But in reality if they hadn't operated the way they did, there would no doubt be plenty of influential shareholders calling for their heads, claiming they weren't taking the opportunities that existed in the market. Unfortunately not everyone was as prudent as Lloyds but whilst the bonuses were good and share prices high, everyone was happy. The lack of effective regulation from the government beggars belief IMHO. Suppose hindsight is a wonderful thing though......

That's the point I was making about them having pressure to deliver but someone with such power and influence should be able to resist the get rich quick and have enough intellect to get their points across to their shareholders.

I'm sure the shareholders are delighted now...

I read in the paper today that some boy sold his company to RBS (I think) for shares in the company to a value of £50million, now worth half a million :faf:

What is it they say, don' have all your eggs in one basket!

[Sauzee07]

Why on earth??

The gov already owns/controls sufficient shares to do whatever they want to do!!

The only further action the labour party in Westminster will do is to find another way of embarrassing the Scottish Gov in Edinburgh.

Got nothing to do with banks - but everything to do with politics!!

I am not saying that RBS will be nationalised because Labour want more control. As you say, they have a majority shareholding already. However, they had a majority holding at 55% and they have now increased this to 70%. Not by choice but by necessity.

There is a groundswell of opinion in the City that in a years time there will only be two privately owned banks in the UK (HSBC and Standard Chartered) and the rest will be nationalised. This is why the bank's share prices were tanking last week.

The latest best guess for the total amount of foreign liabilities shared by the "big four" (RBS, Barclays, Lloyds and HSBC) is £4.4 trillion! That is a staggering amount of money and equal to twice the size of the UK economy.

RBS shares have fallen 97% for a reason. Someone on this thread suggests they are now "dirt cheap" but on what measure? Their bottomless pit of liabilities, tidal wave of sellers and very real threat of nationlisation would suggest otherwise.

If people are taking a punt with only £50 on RBS shares then fair enough. However, the guy quoted on the other thread who bought £50,000 using his ENTIRE LIFE SAVINGS needs his head checked. :bitchy:

[Woody1985]

I am not saying that RBS will be nationalised because Labour want more control. As you say, they have a majority shareholding already. However, they had a majority holding at 55% and they have now increased this to 70%. Not by choice but by necessity.

There is a groundswell of opinion in the City that in a years time there will only be two privately owned banks in the UK (HSBC and Standard Chartered) and the rest will be nationalised. This is why the bank's share prices were tanking last week.

The latest best guess for the total amount of foreign liabilities shared by the "big four" (RBS, Barclays, Lloyds and HSBC) is £4.4 trillion! That is a staggering amount of money and equal to twice the size of the UK economy.

RBS shares have fallen 97% for a reason. Someone on this thread suggests they are now "dirt cheap" but on what measure? Their bottomless pit of liabilities, tidal wave of sellers and very real threat of nationlisation would suggest otherwise.

If people are taking a punt with only £50 on RBS shares then fair enough. However, the guy quoted on the other thread who bought £50,000 using his ENTIRE LIFE SAVINGS needs his head checked. :bitchy:

I seriously hope this guy phones RBS now and cashes in his shares. Up 23% today!

[Houchy]

A strategy that I use when buying my shares/trading CFD's is to set my "buy price" maybe about 1p above the current price on the basis that you would then, at least, be "buying in" on an upward trend.

This is rather than ploughing in at, say, an opening price of 12p for example then straight away, they go into decline.

[Arch Stanton]

I am not saying that RBS will be nationalised because Labour want more control. As you say, they have a majority shareholding already. However, they had a majority holding at 55% and they have now increased this to 70%. Not by choice but by necessity.

There is a groundswell of opinion in the City that in a years time there will only be two privately owned banks in the UK (HSBC and Standard Chartered) and the rest will be nationalised. This is why the bank's share prices were tanking last week.

The latest best guess for the total amount of foreign liabilities shared by the "big four" (RBS, Barclays, Lloyds and HSBC) is £4.4 trillion! That is a staggering amount of money and equal to twice the size of the UK economy.

RBS shares have fallen 97% for a reason. Someone on this thread suggests they are now "dirt cheap" but on what measure? Their bottomless pit of liabilities, tidal wave of sellers and very real threat of nationlisation would suggest otherwise.

If people are taking a punt with only £50 on RBS shares then fair enough. However, the guy quoted on the other thread who bought £50,000 using his ENTIRE LIFE SAVINGS needs his head checked. :bitchy:

Totally agree about the entire life savings but I would say it's certainly worth a punt of a few hundred, for a few reasons -

The gov has stated that the nationalisation of Northern Rock was a "one-off" and was an option of last resort. It would be a political liability if it happened to other banks.

While 100% ownership has to be a possibility, 90% or even 95% would be a far safer political option as it would leave some value for existing shareholders - and certainly give a decent return to the 12p buyers.

The gov are looking into other ways propping up the banking system - eg hiving off toxic debt into some kind of 'septic bank'. In fact they have already ploughed significant funds into the banking system without them receiving any quid pro quo ownership.

The current share price in no way reflects the book value of it's assets but rather the difficulty they have in realising asset value in the short term.

[RyeSloan]

That's the point I was making about them having pressure to deliver but someone with such power and influence should be able to resist the get rich quick and have enough intellect to get their points across to their shareholders.

I'm sure the shareholders are delighted now...

I read in the paper today that some boy sold his company to RBS (I think) for shares in the company to a value of £50million, now worth half a million :faf:

What is it they say, don' have all your eggs in one basket!

Fact is that Goodwin and almost the entire total of current and past employees (directors and clerks alike) have lost an absolute fortune on the near collapse of RBS...it's not like they actgually wanted it to happen!!

Hailed as heros at the time with almost not a single word against they are suddenly the anti christ....fact is they did what most banks did, over reached themselves in an under regulated market that was falsly inflated by government (not just UK!) actions over many years.

RBS clearly stuffed itself when paying for ABN in cash and it is ABN's exposure to sub prime that has hurt RBS the most but to paint Goodwin as the only bad guy of the piece is missing the point entirely IMHO.

Hindsight is indeed a wonderful thing but it is clear the regulator failed to 'force' banks to be prepared for the worst and to protect the fabric of the credit markets...the banks on the other hand got punch drunk on their new found freedoms and promptly rode off into near oblivion...serves them right I hear you say but not when their existance has such a impact on the whole economy, that's what regulation is meant to be there for..to prevent the excesses of the market, especially in economically sensitive areas!!

Considering the huge tombs of rules, laws and vast army of employees that the FSA has you really wonder just what they were up to...that's where the real scandal lies IMHO.

[Toaods]

I was back in for more again today at 14.2p :greengrin

I've decided this one will be my s5h1t or bust gamble on clearing my outstanding life debts so I will keep buying them up for a few more months then taking a back seat and watching the price rise to a decent profit margin(for me).


:cool2:

[hibsdaft]

RBS clearly stuffed itself when paying for ABN in cash and it is ABN's exposure to sub prime that has hurt RBS the most but to paint Goodwin as the only bad guy of the piece is missing the point entirely IMHO.

Hindsight is indeed a wonderful thing

I am no expert in economics but i knew when i saw the queues outside Northern Rock 15 months ago that there was big trouble ahead and Fred the shred knew too.

the ABN deal was well after NR but he continued with it because he figured it would benefitted his pocket to do so and he had enough in the bank to risk it - but the risk was ours not his. theres no hindsight in this.

its time some people stopped looking at all this as a game. thousands of people in this city alone are soon going to face a decade of misery because of these irresponsible *******s.

[Andy74]

I am no expert in economics but i knew when i saw the queues outside Northern Rock 15 months ago that there was big trouble ahead and Fred the shred knew too.

the ABN deal was well after NR but he continued with it because he figured it would benefitted his pocket to do so and he had enough in the bank to risk it - but the risk was ours not his. theres no hindsight in this.

its time some people stopped looking at all this as a game. thousands of people in this city alone are soon going to face a decade of misery because of these irresponsible *******s.

There's none of that true.

[Sauzee07]

An interesting overview of the banks and their prospects. (http://www.dailymarkets.com/stocks/2009/01/22/which-uk-banks-will-be-nationalised/)

[Arch Stanton]

An interesting overview of the banks and their prospects. (http://www.dailymarkets.com/stocks/2009/01/22/which-uk-banks-will-be-nationalised/)

Anybody going short on a 12 pence share price would surely be the smallest of the big time players there ever was - even if they are guessing right what kind of a profit are they going to make?

The point of this thread surely is that 'creeping nationslisation' does not deprive the 12p share purchasers of a profit - only full nationalisation does that - a big big step for a government to make.

It is probably also worth pointing out that the government will not be putting funds in HSBC and Standard Chartered banks because that would mean supporting Hong Kong's economy to a larger extent than the UK's.

[hibsdaft]

There's none of that true.

well i must be an economic genius because even i saw that deal and thought wtf are you doing. plenty other media people raised eyebrows at the time too

just shows, its easy to be brave with other peoples money and livelihoods.

[Toaods]

did you know there was a trade today for 5 shares........a SELL.

think it was rounded up as it went through as £1

:faf:

[Woody1985]

did you know there was a trade today for 5 shares........a SELL.

think it was rounded up as it went through as £1

:faf:

I thought these type of sales were quite funny but it must be staff shares that are getting sold through people leaving the company etc.

Surely no one would sell them via a trader as they'd be paying £7+ on fees!

[Andy74]

well i must be an economic genius because even i saw that deal and thought wtf are you doing. plenty other media people raised eyebrows at the time too

just shows, its easy to be brave with other peoples money and livelihoods.

You got to the right eventual answer with the wrong logic and timeframes.

The press criticised the ABN AMRO deal as they thought that RBS were overpaying at the time and that the credit crunch as it was at the time was the wrong time to do it.

In fact, with all that was known at the time the press were at that stage wrong with the figures they were talking about and the economics of it.

What really made the difference in RBS and ABN AMRO was during October when things took a turn for the worse. That was not forseeable. There wasn't really a credit crunch until that time.

You can't say that in May you knew it would be a bad deal because October hadn't happened and no-one knew it was going to happen. Just because you heard in the press things were going to get worse, RBS and ABN AMRO were still going to be fine and it was going to be a worthwhile deal.

Things changed more than prople realise during October.

And as well as investors money RBS Directors and executives have paid with their own money and jobs. All of them subscribed for the intial rights issue aon top of shares they already held. Yes, most of them can afford to take the hit.

RBS has been the biggest payer of corporation tax and the bigger donator of money to charity in Britain over the last 10 years, so peoples money and livelihoods have taken a bosost from RBS' activities over the last 10 years. There weren't too many people queuing up to give them that cash back.

Customers haven't lost a thing, investors have and shares can always go down as well as up and you shouldn't invest what you can't afford to lose.

Pension funds etc should be suitably hedged and diversified.

[ggth]

I thought these type of sales were quite funny but it must be staff shares that are getting sold through people leaving the company etc.

Surely no one would sell them via a trader as they'd be paying £7+ on fees!

Probably a typing error, I have nearly done it myself
anyway I am glad I am in sitting on a tidy profit as at 13.40pm
current sp is 19.5:wink:

[jonty]

Probably a typing error, I have nearly done it myself
anyway I am glad I am in sitting on a tidy profit as at 13.40pm
current sp is 19.5:wink:
:agree:
If the buyer who spent £50k on them bought them at 10p, he's doubled his money.

Shame about the capital gains tax. :greengrin

[ggth]

:agree:
If the buyer who spent £50k on them bought them at 10p, he's doubled his money.

Shame about the capital gains tax. :greengrin


He might have put them into an ISA then there is no worry about Capital Tax

[Woody1985]

He might have put them into an ISA then there is no worry about Capital Tax

ISA limit is £7,200 so he couldn't have got all of it in.

It sounds like the guy has seen the RBS share price was 10p and thought it'd be a good idea to put all his life savings into shares without really knowing too much about the ins and outs.

I'm not sure that RBS have financial advisors in store that could give him sufficent advice on ISAs etc (maybe they do?).

Sounds like the guy has got lucky for now but I'd be cashing them in before their 2008 accounts are released.

I only got £50 worth as that's all I had at the time, with the fees I'm about 20 quid up as I got in at 11.30p. Going to leave them for a year or so and it might even pay next years car insurance :greengrin

[Speedy]

Looking a bit healthier now :thumbsup:

[Andy74]

Looking a bit healthier now :thumbsup:

Yes, but chances are it is going to be quite volatile for some time. The risk is still there that all that value can be wiped out.

It's an ideal time though for anyone who wants to play it over a few days. Buying a big chunk a few days ago and selling now would have made a big profit of about 100% but that would have been a big gamble to use enough cash to make it worthwhile.

[Woody1985]

There's speculation that the RBS share price could reach 30p tomorrow and dip back down to around 25-27p at close of play.

[Toaods]

I'm averaged at just over 50p a share, but was using money that came my way so I won't be chucking myself off the North Bridge if it goes under, of course I'll be hoping it goes the other way...:thumbsup:


and nice one..........:cool2:




I was back in for more again today at 14.2p :greengrin

I've decided this one will be my s5h1t or bust gamble on clearing my outstanding life debts so I will keep buying them up for a few more months then taking a back seat and watching the price rise to a decent profit margin(for me).

managed to get on at 8.30AM this morning and hoover up some more sweetie-wrappers at 17.2p just before the rush.

A hard day's graft hitting the Halifax online Shareholding Valuation 'refresh' button.......:faf:

[Coco Bryce]

Is he though...not seen or heard of him since day one of the new group. Wonder if he is alright?

Yes and he also recently recieved £2m worth of shares in the Lloyds Banking group.

[Toaods]

Not much of an HBOS follower but the name rung a bell.....

http://www.independent.co.uk/news/business/news/investors-urge-lloyds-to-sack-andy-hornby-1522243.html