11:38 24/05/2013	Re: Decent run of the SP, Keep Going!
Government sending messages they intend to off load stake next year ===================== when all about are selling theirs, why would any rational investor want to buy in ahead of this happening? is it not common sense to think that if someone intends to dump their shares into the market then the price will surely fall? if you have any dealings with RBS you'll know they are still deep in the mire and the senior management as incompetent as any ... guess who'll be the first ones rushing to sell their shares By give the dog a bone
10:46 24/05/2013	co-op downgrade to 'junk'
Co-op Bank puts new lending to small firms on ice as part of drive to repair hole in its capital following devastating downgrade of its credit rating to status of 'junk'By Ruth Sunderland PUBLISHED: 21:59, 23 May 2013 \| UPDATED: 08:33, 24 May 2013 Comments (11) Share .. The Co-operative Bank has put new lending to small firms on ice as part of its drive to repair the hole in its capital following the devastating downgrade of its credit rating to the status of ‘junk.’ The troubled bank is in talks with City watchdog the Prudential Regulation Authority about splitting itself into a good bank/bad bank model, with its toxic assets hived off from the healthy business. Officials at the PRA will also want to see a new chief executive installed at the bank as soon as possible. It is currently being led by stand-in boss Rob Bulmer, a former Santander retail banker. The bank is also seeking a chief financial officer and chief risk officer. Talks with the PRA are expected to last between four and six weeks before agreement is reached on how to boost the bank’s capital, which is currently languishing below international regulatory requirements due to come in by the end of this year. Whilst these discussions go on, any new customers applying for a loan will be put on hold. Applications already in the pipeline will be allowed to ‘run their course’, a bank spokesman said. This flies in the face of the government’s stated aim of encouraging the banks to increase lending to small firms to get the economy moving. Co-op has around 100,000 small and medium-sized business customers, attracted by its claims to offer ‘ethical banking’. More...ALEX BRUMMER: Co-operative Bank crisis is first big test for Britain's new regulators Blocked by the banks? How to get a mortgage if you are are a small business owner or self-employed Banks are 'financially raping' small firms with their failure to lend, says Cable's business adviser Could you get a better business loan rate through peer-to-peer lending? Analysts have estimated the capital black hole could be as large as £1.8bn. The bank’s core capital of 6.7 per cent is below the Basel III requirements stating it should be at least 7 per cent, and that picture could worsen if the economy and the banking system comes under renewed stress. The bank is raising cash by selling assets, including its life assurance business that is being sold to Royal London in a move that will release £200m of capital. It is also offloading its general insurance business and looking to dispose of some of its ‘non-core’ lending. The largest chunk of its ‘non-core’ operation is an £8bn book of loans called ‘Optimum’, which is said to be performing well. It also has housing association loans of around £900m. The bulk of the bad loans lie in the commercial property portfolio it acquired in its vainglorious takeover of the Britannia building society in 2009. There are also question marks over how far the parent Co-operative Group, which encompasses supermarkets, pharmacies and funeral parlours, is willing or able to support the bank. The bank and the rest of the group have some separate bond-holders and there may be conditions under loan covenants that could complicate any direct support from the parent group to the banking arm. Read more: http://www.dailymail.co.uk/money/markets/article-2329735/Co-op-Bank-freezes-loans-small-firms.html#ixzz2UCZxGHiL Follow us: @MailOnline on Twitter \| DailyMail on Facebook By taffychaff
23:03 23/05/2013	Re: Decent run of the SP, Keep Going!
Last chance (or very near the last chance) to buy me thinks ... sentiments towards UK Retail banks appears to have changed: 1) UK economy on the way up (albeit slow growth) 2) House prices rising again (bad debts falling at banks) 3) UK Government sending messages they intend to off load stake next year 4) Banking regulation (capital requirements / ring fencing demarcation etc) to be made clear in June - clearer and calmer waters ahead where informed investment decision can be made Hopefully RBS will be trading at near it's book value soon (currently around 458p) .... especially once 4 above has been clarified. ---- Downhill from here... until next year By eye_user
0:27 23/05/2013	Conversion
Am I right or put me right , it used to be divide by 6 dollar to get the £ price. Is it now divide by 2 to get the UK equivalent price ? It's been some time since I had to work it out. By i WISH i WAS i
15:57 22/05/2013	Re: Sell (some)
''Failure of the banks will lead to anarchy'' Rhino , The anarchists are the ones that are hoping the banks fail mate. They know its all rigged already. This economist thinks we have no need for banks and you should let the bad ones fail ; http://www.thisisguernsey.com/latest/2008/12/04/why-not-let-bad-banks-fail/ ''Banks = fundamental financial infrastructure = civilisation as we know it!!'' I cant see the smelly anarchists with the peace signs shouting that when they smash in RBS's front windows mate. ''Oh we've made such a mess here, go and fetch the dust pan and brush Rodney'' Just cant see it mate somehow. By poley
15:21 22/05/2013	Re: Sell (some)
Poley Banks = fundamental financial infrastructure = civilisation as we know it!! civilisation as we know it doesn't actually mean a lot nowadays; and if, like me, you owned northern Rock shares, you could be forgiven for losing the plot. the government, however, have already shown that they are prepared to bankrupt the country to preserve the banks and the bonuses paid to deserving causes:-) Failure of the banks will lead to anarchy, although some grumpy older people may argue that anarchy, in some undesirable shape or form, has existed in the UK for at least 40 years. By rhino666
5:17 22/05/2013	Re: Sell (some)
Mmmmm, and i'll huff and i'll puff and i'll blooooow your house down !!!!! Orchard , as you know i'm not a gambling man and certainly not someone who makes speculative punts...hence my avoidance of RBS. Although i can understand the attraction as its abit of a thrill when you happen to get lucky... I hate charity aswell mate. Give a man a fiver and he'll come back tomorrow looking to get a tenner. This is no place to try and scam posters out of their hard earned returns mate ! If you're that struck for cash get yerself down the Salvation Army for a wash up and hot meal. Pee and wind you say.....come on give us YOUR in depth analysis of why you bought RBS in the first place. Back up your arrogance on this BB please. Sometimes humility is the path to righteousness.... I'm a perfect example of that. You are great for a laugh though. In all my time on these BB's thats the first time ive ever seen someone give a broker recommendation as a reason to buy shares in a company !!! Wahahahaha ! Poley , keepin em honest. By poley
17:53 21/05/2013	Re: Sell (some)
Yes, sometimes it is hard to know what to believe isn't it poley but there's those posts of yours saying RBS was effectively bust and uninvestible since when the shares have risen by about 80% and even last week we can se you saying there was n o way t could get above £3 and here we are above £3,40. And then there are my posts, all pretty consistently bullish dating back about four years or so. So difficult to know what to believe but I'll be guided by what I see before my eyes which suggests you have been consistently wrong and i've been right. Of course if you're suggesting I have not bagged a handsome profit perhaps you'd like to put your money where your rather large mouth it and we could have a wager with the loser paying out to the other's charity of choice. What do you say - £1,000 if I prove to the satisfaction of a decent third parrt - like iii, for example - that it is as I say and £1,000 to yuor charity if I fail to do so. Want to play? Or are you all pee and wind? By Orchard Gate
15:33 21/05/2013	Re: Sell (some)
Orchard , I wouldnt buy the Big Issue if i were you as Morgan Stanley has it as a sell and Poley has it as a buy. Congratulations on your enormous profit on RBS !!! You never know what to believe on BB's but your always brilliant analysis of RBS certainly backs things up. Cough cough. Is Taffy there with you to celebrate ? I thought you played off each other so well. Buying RBS in 2009 was probably the best time to make a profit out of it though. Bought in 2009 but still acquired options eh ? By poley
14:54 21/05/2013	Re: Sell (some)
Yes, Povey, Taffyliar and Nimberdribbler, geniuses one and all. You almost have to admire them for having been so spectaculalry wrong and yet still coming back to be mocked once more. Perhaps it is a fetish of his. Sorry, I meant theirs. By Orchard Gate
11:11 21/05/2013	Re: Sell (some)
Good timing Orchardgate! Haven't been into this share for a while but a number of good opportunities missed. Where is Taffy these days or has he been replaced by this Povey genius? By rhino666
9:38 21/05/2013	Options
Hi orchard How did you get/purchase the options, this is something I have not done yet thanks By cyberbuyer
20:37 20/05/2013	Sell (some)
As many here will know I've been a long term bull of RBS having first bought a rather sizeable (for me at least) stake back in early 2009 and having subsequently acquired options but I reduced my holding by a little over 1/3 today, booking an almost 90% gain. Long term I do think it can go higher, quite a bit higher in fact, especially once it gets HMG off its back but it's sometimes feels right to lock in a decent profit. I should thank Povey for saying it could never get through 300p - less than a week later and it's up 20%. I'll buy a copy of the Big Issue from him in the morning. By Orchard Gate
19:00 20/05/2013	Re: Decent run of the SP, Keep Going!
" UK Government sending messages they intend to off load stake next year"... surely that is a strong signal that one ought to sell ? think Broone signalling the gold sale - result was a freefall in the price as the sell dates approached By give the dog a bone
18:19 20/05/2013	Re: Decent run of the SP, Keep Going!
Last chance (or very near the last chance) to buy me thinks ... sentiments towards UK Retail banks appears to have changed: 1) UK economy on the way up (albeit slow growth) 2) House prices rising again (bad debts falling at banks) 3) UK Government sending messages they intend to off load stake next year 4) Banking regulation (capital requirements / ring fencing demarcation etc) to be made clear in June - clearer and calmer waters ahead where informed investment decision can be made Hopefully RBS will be trading at near it's book value soon (currently around 458p) .... especially once 4 above has been clarified. By NumberONE