rbs sharesave 08/09

Kavanne

anna42hmr wrote: »

ok thanks i didnt realise that

I am sure we will all be informed if it does turn out to be the case. I was only going to do £50 pm but my bf has offered to give me another £100 a month so £150 in total...

sabretoothtigger

Sounds reasonable to scale back, they'd do the same with ipo or a rights issue afaik. I doubt people will oversubscribe though, that'd be alot of shares/money.
RBS could use the money either way, good for them

anna42hmr

good point sabretoothtiger

did everyone get their application in on time? as its closed now

Kavanne

i presume so, it's showing on computershare...

Sillychuckie

28p strike not looking so hot now... (11.91 spot in auction - shares suspended just now).
Not too late to cancel that standing order. hehe.

sabretoothtigger

Its just an option on a future price, its still a good deal. Its not surprising the price has fallen below 35 especially when shares are today diluted further

swiss69

You might as well not bother and start job hunting instead. What has happended to RBS is a disgrace and if I worked there I would get out as fast as I could before things get worse and you are pushed. Unless you have a decent pension (And how long before that goes too??) They dont deserve staff loyalty.....

As for profit share, I think if RBS announced that the staff were to get a bonus when losses are likely to exceed £20bn the papers would have a field day

toptrader

What happens to the sharesave scheme if the bank is nationalised?

Sillychuckie

toptrader wrote: »

What happens to the sharesave scheme if the bank is nationalised?

Clearly, you wouldn't be able to exercise any options...
So, if you continued to save into it, you would just get the 3-4% back at the end of the term.

If it did come to that, you would probably just be better off cancelling the direct debit and taking your money out early.
I'll still be doing it - it is a long term thing after all, and with much less downside risk compared to owning the shares.

Kavanne

swiss69 wrote: »

You might as well not bother and start job hunting instead. What has happended to RBS is a disgrace and if I worked there I would get out as fast as I could before things get worse and you are pushed. Unless you have a decent pension (And how long before that goes too??) They dont deserve staff loyalty.....

As for profit share, I think if RBS announced that the staff were to get a bonus when losses are likely to exceed £20bn the papers would have a field day

I'd rather wait and get my redudancy tbh... it'd be a nightmare getting a job now and it'll be a nightmare getting a job then!