Is the Time to Invest in Banks approaching?

Decadent_Fool

Buddy195 wrote: »

Has anyone been studying RBS over the last few weeks. Am considering buying a few thousand shares and seeing how they go, they seem very stable at the 40p ish mark recently....

I grabbed some @ 0.33754 on the 29/4; I'm happy with this price, and wouldn't be too miffed with getting them at todays price. be prepared for a bumpy ride though imho!

How long are you intending to hold them for?

Pssst

I'd say BUY RBS and most other big banks.

We know the score. Everyone, the banks,UK Government ,the whole financial system wants banks to recover...and in fact..they MUST recover. Faced with that,your 40p RBS are bound to see a return.

Doshwaster

I'm currently enjoying the ride with Barclays. Bought at 84p and they are currently 291p. They touched 300p earlier in the week then dropped away after some profit taking but are heading back that way again. I'm happy to hold for the long term but I may well cash in if they get to 400p by the end of the year.

I'm not feeling brave enough to touch RBS yet.

sabretoothtigger

You have the option to withdraw your original monies and still speculate with the rest.

I know someone with thousands of these and no other shares but they wont sell a thing, which seems a shame to me if they fall back because it'd be good to put the money back in at a better price.

When things briefly looked less sunny, they went towards 200 so its not so unlikely another chance will occur



Dont look at 40p as a cheap price exactly, they issued 6x their own share base since last year. Compare all these banks on market cap and eps and other less arbitrary measures imo is best

Disclosure of Short Position relating to UK Financial Sector Company

1. Full name of person(s) holding the disclosable short position:
SG Option Europe
2: Name of the issuer of the relevant securities
Lloyds TSB Banking Group plc
3: Disclosable short position
0.31%
4. Date that disclosable short position was held
21/05/09

RBS has nicked SL chief exec for a more minor position but this should generally be taken as good news imo

Lloyds Banking Group has drafted in heavyweight City advisers to draw up secret plans for an auction of its shareholdings in some of Britain's best-known companies. The stakes in more than 60 businesses, including D&D Restaurants, which was founded by Sir Terence Conran, and Vue Entertainment, the cinema chain, were accumulated by executives at HBOS at a total cost of about £1.3bn, reports the Sunday Telegraph.

sabretoothtigger

[FONT=Arial, Helvetica, sans-serif]Breaking News
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[FONT=Georgia, Times New Roman, Times, serif]Gulf investor to sell Barclays’ shares[/FONT] [FONT=Arial, Helvetica, sans-serif] Shareholders in Barclays were on Monday night offered shares held by one of the Middle Eastern investors who helped recapitalise the UK bank in a controversial deal last autumn.

Some of Barclays’ largest UK investors have been contacted by Credit Suisse about their appetite for a placing of shares owned by an investment vehicle controlled by Sheikh Mansour bin Zayed al-Nahyan, a member of Abu Dhabi’s ruling family.

A placing of the shares, which have surged in value in recent weeks as fears the bank would be nationalised have receded, would startle UK shareholders who were told last autumn that Sheikh Mansour was a long-term strategic investor in the bank. Sheikh Mansour could not be reached for comment.

[/FONT]

http://link.ft.com/r/5F39HH/5PN2N/0OLT5/1SP0K/PW0XT/YT/h

One of America's biggest fund management groups has tabled a $5bn (£3.1bn) bid for iShares, a division of Barclays' profitable asset management arm.Vanguard, which is headquartered in Pennsylvania and had about $1trillion under management at the end of last year, is understood to have lodged the offer with Barclays in recent weeks, reports the Sunday Telegraph.

sabretoothtigger

Report discussing BGI sale and prospects for Barclays

http://www.advfn.com/ct.php?ct=MzAwNTE=

sabretoothtigger

Just noticed this guy has still not closed out his positions bought in March for RBS or Barclays, some confirmation for anyone still holding I guess

http://nakedtrader.co.uk/trades.htm

chopperharris

He could sell off his barcs , nice profit there.

Rbs though hes about double on , but like me he reckons theres more in there , not the heady heights of course.Rbs is in the doldurms , will be there for a while unless they buyback the 35 pence shares that hmg are looking for....which as you know helps reverse dilution , and helps raise sp , but if they go on open market instead it wont help hmg get to the 70 target for more sell offs.

rbs , 4th safest in the world as a bank , and biggest by assets , under valued by 2/3rds according to some data , but is there more toxic in there?

sabretoothtigger

Guy from Barcap gives his opinions on market till year end

http://www.youtube.com/watch?v=EYbasgtD-_M


Barcap is the reason why its happy days for barclays afaik. Also heard they will be divesting their private equity section
http://en.wikipedia.org/wiki/Barclays_Capital

Barcap the third-biggest investment bank in the United States [2] and one of the top five investment banks in the world

Investment bank earnings, he doesnt mention rbs or barclays but its relevant to them
http://www.youtube.com/watch?v=GmnGy4QEOqI

conorthomas

I personally think that the banks have bottomed out in the March lows. They fell around 20% in the March lows at least. We have missed an opportunity then, but I feel it can only go up from here, so I would say go down a bit further, and it would be a great buying opportunity for the banks