Are RBS shares worth a punt?

Rolandtheroadie

Masomnia wrote: »

I'd question RBS long term, no dividends, 70% govt. owned which they'll have to get rid of, which will keep the price low for some time. And all the while the threat of nationalization hanging over you. Tighter regulation of the banks in future will mean that profits may not be as high as before.

Looking at old share prices and wondering if they'll go that high again is pointless simply because there are so many more shares in issue now. For example if they were £5 a share back before all this trouble, this means that if their market cap gets back to old levels and there is for argument's sake twice as many shares in issue, then the peak may be £2.50 per share, not £5, after a full recovery.

If it were me I'd have a punt, it is just that, and cut and run if I could make a quick profit.

I have no idea if or by how much RBS will recover it is just that my plan was always to hold onto them for the longer term.

CLS26

About half the folk in my office have bought into RBS over the past few months (not that I'm saying its a wise thing to do!).

If you have spare cash lying around that you don't mind losing (if so, lucky you!), why not? If you view it as recreation rather than investment, then it might be fun.

CLS

Buddy195

No movement what so ever today on RBS. Wonder what is going on?

thrupence

Buddy195 wrote: »

No movement what so ever today on RBS. Wonder what is going on?

Everyone's waiting on the US stimulation package. Oooo err missus...

Anyway, it's up and down between 23.5 and 25.50.

You can follow all the action live here:

http://www.lse.co.uk/ShareChat.asp?page=1&ShareTicker=RBS

Steve_xx

RBS are set to announce 2000 job cuts.

mikegilbert

why not just place £1000 in their Reward Current account and get £5 for nothing, open 3 accounts set up ddebit and move around same £1000 once a month,, £15 a month for nothing, £180 per yr for free and £1000 save. easy money

Pssst

Why not BAC..Bank of America? not long ago $40 a go ,today about $6.50. When the US new stimulus package takes flight,BAC may well be the first to lift off.
Im also into Premier foods and northern foods,both very cheap at present and people will always need to eat.

Buddy195

Pssst wrote: »

Why not BAC..Bank of America? not long ago $40 a go ,today about $6.50. When the US new stimulus package takes flight,BAC may well be the first to lift off.
Im also into Premier foods and northern foods,both very cheap at present and people will always need to eat.

Both food companies looked very good buys a few weeks ago when shares hit their lowest prices, seem to be on a steady climb since then.
Hoping my RBS shares an edge up and earn me a few hundred quid over the coming months. Also had a dabble in mining & a biotech firm, both 1000 shares for less than £200, potential growth in mining can be massive, but is BIG risk. And final shot of the day was Arena Leisure, which have been in downwards spiral, hoping there is a take over in the pipeline for these. That's me done for the next few weeks and will see where it takes me.

Is intersting looking at how much shares have devalued over the last 10 months for a LOT of share prices. Getting the trading bug big time, but as am now trading previous profits, so spending money I've never had so very low risk.

Buddy195

mikegilbert wrote: »

why not just place £1000 in their Reward Current account and get £5 for nothing, open 3 accounts set up ddebit and move around same £1000 once a month,, £15 a month for nothing, £180 per yr for free and £1000 save. easy money

Seems like a lot of messing about for a small return? Would rather go for the buzz of share trading.

Buddy195

thrupence wrote: »

Everyone's waiting on the US stimulation package. Oooo err missus...

Anyway, it's up and down between 23.5 and 25.50.

You can follow all the action live here:

http://www.lse.co.uk/ShareChat.asp?page=1&ShareTicker=RBS

Should encourage people to take a chance on the banking sector. Wonder how it'll be received?