RBS shares?

virgin_moneysaver

would RBS shares be worth a go with a view to the long term, & any guestimates in how long before they may provide a return?

Stavros_3

42p now, my mate advised me to buy in 8 months ago when they were £3, thanks christ I stayed away

eeja

Stavros wrote: »

42p now, my mate advised me to buy in 8 months ago when they were £3, thanks christ I stayed away

Yes £3 must have sounded cheap as the shares were £4.50 earlier in the year !

virgin_moneysaver

bumpty bump

eeja

virgin_moneysaver wrote: »

would RBS shares be worth a go with a view to the long term, & any guestimates in how long before they may provide a return?

REPLY
Below copied from the press today :...must be many on this forum who lost their shirt. One small saver from Huddersfield who I know, being a proud Yorkshire man, had put all his savings of £18k into B & B ....poor sod.
QUOTE
RBS investors endured a rocky rights issue process this summer but a late rally by its shares encouraged 95 percent to participate in a record 12 billion pound rights issue.
Those shares were bought at 200 pence apiece. The shares fell to a 16 year low of 40.2p on Tuesday.

lectureral

Well, I have seen these being called a bargain at 1.80, then 1.20, then 80 - now they are 42p. If you can afford to put money in them and leave for 3-5 years then you might do well. I think it is a bit of a punt (but one I have just taken myself). I think the market thinks there is a risk that the shares are going to be worthless at some point though.

ExBanker_2

Ftse will see 3500 soon...don't expect ftse to hold 4000...oil to $40 and banks well could all be penny shares soon with exception of HSBC. All confidence seems to have been lost in bank stocks and major investment will not want to be part of anything part owed by government. Be long road back from here and if long term could prove a wise investment but not short-mid.

sabretoothtigger

Its a gamble and five years to get a dividend sounds about right.
You could take the recent price range as a reasonable estimate of their future prospects, no higher then 85p vs the prospect you lose all your money because their debts worsen as even normal mortgages default

The only bank share that seems reasonable to me is lloyds because they can predict something positive for the future, cost savings and a massive influx of customers. Ive read official opinions they are the worst of all because they now have hbos debt, but lloyds is sticking to its game plan for long term growth I reckon

Just dont go thinking this is a clever investment, its cheap because risks are so obvious.
spring 08:

virgin_moneysaver

thanx to all

Andrew64

Bit of a gamble! I remember people were still talking about picking up B&B shares at 40p. What happened!? They kept going down to 20p - and that was that!

eeja

sabretoothtigger wrote: »

Its a gamble and five years to get a dividend sounds about right.
You could take the recent price range as a reasonable estimate of their future prospects, no higher then 85p vs the prospect you lose all your money because their debts worsen as even normal mortgages default

The only bank share that seems reasonable to me is lloyds because they can predict something positive for the future, cost savings and a massive influx of customers. Ive read official opinions they are the worst of all because they now have hbos debt, but lloyds is sticking to its game plan for long term growth I reckon

Just dont go thinking this is a clever investment, its cheap because risks are so obvious.
spring 08:

Where did your illustration come from ? No mention on your posting.
Amazing as Stanchart bonds are currently yielding nearly 11 percent from fear of toxic debts. If above true I would buy the bonds immediately .