Good time to buy shares?

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John_Brown_4
John_Brown_4 Posts: 43 Forumite
in Savings & investments
RBS shares are 11.6p, does this look like a good time to buy? They look real cheap, considering they were £6+ only one year ago. This is a massive discount. Looks like a good buy and hold for a year or so before they rocket :money:
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  • sabretoothtigger
    sabretoothtigger Posts: 10,035 Forumite
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    They wont be 6 pounds ever again is a pretty safe bet because they recently issued 100% new shares and again today some more new shares were issued and then there was the rights issue last year of 12bn wasnt it
  • tradetime
    tradetime Posts: 3,200 Forumite
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    Yes I'm sure Gordon and Alistair will greatly receive any donations, to help pay for the nationalization ;)
    Hope for the best.....Plan for the worst!

    "Never in the history of the world has there been a situation so bad that the government can't make it worse." Unknown
  • Masomnia
    Masomnia Posts: 19,506 Forumite
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    Bradford and Bingley looked like a good long term investment at 20p...
    “I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse
  • piggeh
    piggeh Posts: 1,723 Forumite
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    I'm tempted by Barclays - seem to be in better shape than most, maybe undervalued?
    matched betting: £879.63
  • The_Fiddler_2
    The_Fiddler_2 Posts: 565 Forumite
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    Is it April the 1st??? :rolleyes: :D
    Noobie (not so :D) trying to make loads a dosh - please bear with all my questions :beer: Thanks :D


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