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RBS Shares
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RBS closed at 14p. We'll have to see what the rest of the week will bring!0
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Me or anyone else selling shares won't bring the bank down, a liquidity crisis will though. People panic (NR, B &
and withdraw their savings, when there is no reason to. I happen to believe that this will probably be the outcome, and based on that have sold my holdings. It wasn't panic selling, it was a sensbile, reasoned decision. The chance of losing it all has become too great for me.
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I fear an awful lot of the selling will be panic induced though.
Id like to know what Capt Chesley B. "Sully" Sullenberger III, would do in this situation?0 -
Not advice, but I sold up this morning. Made a loss, but the chance that I'll lose it all just wasn't worth it.
They've fallen even more since I sold so I'm happy with my decision. Down to 12.7p.
If people are selling then someone must be buying??0 -
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I often wonder how you can trade something which we are lead to believe is just about worthless?
If people are selling then someone must be buying??
Some people love these kinds of shares, you can double your money in minutes. Even if they lose it all, the people trading it most heavily will be the ones using the capital loss against previous gains and taxes they would have had to pay0 -
Indeed, and it's also worth noting that current market action is absolute panic - in such circumstances, a rebound would be naturally expected as investors realise that just because something is called a "bank" doesn;t mean to say it will automatically collapse.
As Robert Peston made a big point of earlier, Barclays market cap values it at just 1.5 x 2008 profits - and 2008 was a bad year as well.
Also, RBS is currently valued by market cap at £4.5 billion, which is ridiculous when you think of the major insurance operations RBS runs, such as Directline, Churchill, etc.
Insurance remains a steady income stream for RBS, not least because people always need car/home insurance, and RBS insurance operations are already sold on price points to capture the market.
RBS may be in trouble and its share price diluted, but the UK government has made plain that it is willing to throw limitless funds behind the banks to ensure their bad debts don't cripple them.
Presuming no nationalisation - which would make little sense in a 70% owned company, plus the massive confidence knock to the financial services sector this would cause - RBS share price will still remain muted - but I would expect it to rebound over the rest of this month. Anyone who bought now could probably enjoy a good 30-70% gain before the end of January, simply due to the ridiculously low share price at market close today.0 -
It's a mystery to me why anyone still holds RBS shares!0
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itsallagame wrote: »A bloodythievingmazing, someone follow the money, go arrest the scumbag who signed the loan at RBS.
We can all be zillionaires if given the cash
You can bet the scumbag got a seven digit bonus for his 'astute' investment for the bank.
Only a blue chip company should be lent this sum of money by a bank. I am enraged at the way RBS has been run. They are truly a 'fur coat, nae knickers' organisation.0 -
Perhaps now we see why putin is peeved at those oli's that fly the coop.
Just a thought.
If rbs cannot get a fair chunk of that cash back then the guy must be broke.If the uk opens the door to debt retrieval of the non dom oli's then putin will do the same......perhaps the non doms here should have a whip round now for the 2b or face losing more.Have you tried turning it off and on again?0
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