Are RBS shares worth a punt?

Buddy195

Looking at around 25p per share. Are they worth a low level investment or is it best to steer well clear. Invested in Barclays a week or so ago and currently 100% up on my investment. Any chance RBS could possibly go up to 50p in the near/medium future?

jon3001

Buddy195 wrote: »

Looking at around 25p per share. Are they worth a low level investment or is it best to steer well clear. Invested in Barclays a week or so ago and currently 100% up on my investment. Any chance RBS could possibly go up to 50p in the near/medium future?

The title talks about a 'punt' but you then talk about investments. Are you looking to invest or gamble?

I played a poker tournament last Saturday and made about 1000% on my investment/gambling in about 6 hours. Maybe you could try that instead.

Buddy195

jon3001 wrote: »

The title talks about a 'punt' but you then talk about investments. Are you looking to invest or gamble?

I played a poker tournament last Saturday and made about 1000% on my investment/gambling in about 6 hours. Maybe you could try that instead.

At the moment all bank shares are a gamble and I'd say most people are looking to make money rather than invest in the banking sector?

thelawnet

Buddy195 wrote: »

At the moment all bank shares are a gamble and I'd say most people are looking to make money rather than invest in the banking sector?

If you want to gamble, you don't want to be hanging around.

RBS *were* 10p.

That was the time to buy, and then sell now at 25p. Profitalicious.

If you want to be TRADING, then you'd buy when they've just gone down, not up.

Buddy195

thelawnet wrote: »

If you want to gamble, you don't want to be hanging around.

RBS *were* 10p.

That was the time to buy, and then sell now at 25p. Profitalicious.

If you want to be TRADING, then you'd buy when they've just gone down, not up.

Just looking for opinions, I can personally see them rising to around the 50p mark in the next few weeks/months. But this is just my opinion, not worried about nationalisation as just can't see it happening.
Thanks for you input :beer:

jon3001

Buddy195 wrote: »

Just looking for opinions, I can personally see them rising to around the 50p mark in the next few weeks/months. But this is just my opinion, not worried about nationalisation as just can't see it happening.
Thanks for you input :beer:

Sounds like you've already made your decision?

Buddy195

jon3001 wrote: »

Sounds like you've already made your decision?

No not yet.
I jumped onto the Barclays shares once I got wind of profits being announced, was very confident of big increase, as said now 100% up in value. Not so sure of RBS.

Steve_xx

Bit of a gamble I'd say at the minute. They could have another run on them and end up nationalised. Remarkably, they dipped to 10p at one point and this was far below what Bradford & Bingley got to before they were swept away.

At the moment the banks seem to be recovering a little. But I think that there may be more bad sub-prime news to come and so on that basis I'd tend to steer clear of punting with cash I couldn't afford to lose.

The current situation is unchartered territory and therefore it's hard to say what the future will bring.

Buddy195

Steve_xx wrote: »

Bit of a gamble I'd say at the minute. They could have another run on them and end up nationalised. Remarkably, they dipped to 10p at one point and this was far below what Bradford & Bingley got to before they were swept away.

At the moment the banks seem to be recovering a little. But I think that there may be more bad sub-prime news to come and so on that basis I'd tend to steer clear of punting with cash I couldn't afford to lose.

The current situation is unchartered territory and therefore it's hard to say what the future will bring.

Having looked at various sources can't see nationalisation being an issue. UK gov not going to take on all that debt.
Not considering putting in cash I can't afford to lose, more money I've gained from Barclays.
Is very new territory, god knows how it'll all pan out. Once it does some people will make an awful lot of money from certain shares. Wish I had my crystal ball

Rolandtheroadie

I'd buy. Why not. What could possibly go wrong.
I thought they'd bottomed out at about 40p a while back but I was wrong. Luckily I'd took a little bit profit previously but was 40% down at one point.
Right now i'm sitting about 18% down overall (it's getting less daily and i've only been doing this for 4 months).
Heavily into RBS, just bought into Taylor Wimpey (bought at 18p).
Banks and housebuilders, cant beat it.

thrupence

Buddy195 wrote: »

Looking at around 25p per share. Are they worth a low level investment or is it best to steer well clear. Invested in Barclays a week or so ago and currently 100% up on my investment. Any chance RBS could possibly go up to 50p in the near/medium future?

They're certainly worth a short-term punt with money you can afford to lose. I wouldn't be expecting 50p anytime too soon. 31p might be more realistic.

There are a lot of people out there trying to average down holdings they bought at around £5.00 a share.

So count yourself lucky you have the choice. :j