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RBS & LLoyds
kennyboy66_2
Posts: 2,598 Forumite
http://www.guardian.co.uk/politics/2010/apr/26/profit-taxpayers-bailed-out-bank-shares
Well look at this.
Combined unrealised profit on RBS & Lloyds crashes through the £9 billion mark.
Well done Alistair Darling - played a blinder there. Another fail for the hopeless George Osbourne.
I know the next hurdle will be to sell the mammoth blocks that we own, but difficult to think of a better way of valuing the stakes than the market price.
Well look at this.
Combined unrealised profit on RBS & Lloyds crashes through the £9 billion mark.
Well done Alistair Darling - played a blinder there. Another fail for the hopeless George Osbourne.
I know the next hurdle will be to sell the mammoth blocks that we own, but difficult to think of a better way of valuing the stakes than the market price.
US housing: it's not a bubble
Moneyweek, December 2005
Moneyweek, December 2005
0
Comments
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Possibly worth merging this with this thread
https://forums.moneysavingexpert.com/discussion/2430503:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
but difficult to think of a better way of valuing the stakes than the market price.
You could always ask someone to make you a price in 27.5 million shares :eek:'In nature, there are neither rewards nor punishments - there are Consequences.'0 -
i read on a forum that both Lloyds and RBS would not make a profit in 2010 or even for the next 5 years and both banks would be insolvent for years to come.
i guess that must have been true.
<sarcasm>this news surprises me <sarcasm>0 -
Indeed....
The doomers have been utterly humiliated on this one.
"Bank bailout nets £9 Billion profit for taxpayer" probably wasn't the headline they were expecting this year......:rotfl:“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »Indeed....
The doomers have been utterly humiliated on this one.
"Bank bailout nets £9 Billion profit for taxpayer" probably wasn't the headline they were expecting this year......:rotfl:
Hmmm. Strictly speaking, no profit has been made. The valuation of the shares held by us has increased significantly.
So I think we should hold our horses until the shares are sold. Only then will we know what the profit is. Til that time, we hold an asset that is valued at £9 or 10 bn depending on who you read.
Like purch syays, bash 27.5 million shares on the market & I doubt you'd recover £10bn.
That said, anything that makes Osbourne look the deluded incompetant pr1ck he is, can only be a good thing...It's getting harder & harder to keep the government in the manner to which they have become accustomed.0 -
fortunately he does this quite frequently without prompting himlemonjelly wrote: »That said, anything that makes Osbourne look the deluded incompetant pr1ck he is, can only be a good thing...0 -
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I think that may have just been a throw-away figure.lemonjelly wrote: »Like purch syays, bash 27.5 million shares on the market & I doubt you'd recover £10bn.
LLOY has 66.92 billion shares in issue, and we (the Govt) have a 43% stake
=> ~ 28.78 billion shares at about 71.27p at the moment
total value approx £20 billion
what did we buy them at? about 38p ?0 -
Why sell the shares at all?"Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves." - Norm Franz0
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maybe it was 59p-ish if we spent £17bwhat did we buy them at? about 38p ?
http://news.bbc.co.uk/1/hi/business/7666570.stm0
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