Are RBS shares worth a punt?

Buddy195

Have taken my punt on Lloyds 57p per share. Lets see where it takes me. Hoping for £1 each by the end of the week lol

Hatone

This is all very tempting....... 20p for RBS or 57p for Lloyds....... Mmmm

sabretoothtigger

You have a recent low to compare them to for any possible point which they might turn around.

Im still unsure if you would get a div payment in the spring of some sort

Buddy195

sabretoothtigger wrote: »

You have a recent low to compare them to for any possible point which they might turn around.

Im still unsure if you would get a div payment in the spring of some sort

Not sure if RBS or Lloyds will be doing div payments anytime soon

ad44downey

Buddy195 wrote: »

.
Tempted to have a go at Lloyds if share value continues to fall...

That would be a prelude to nationalisation which would be the very worst time to buy

Buddy195

ad44downey wrote: »

That would be a prelude to nationalisation which would be the very worst time to buy

Lots of opinion would point to nationalisation being a no goer. But it's a risk I'm talking in dealing in a few hundred pounds all of which came from the £1000 I made on Barclays. So my shares are bought on potential profit and if it all goes to pot I've never actually had the money so not lost a bean.

My perspective is banks are worth buying into as once things click back into place there will be quite a lot of money to be made. I have bought shares in other sectors in companies that I'd consider to be very under valued, could potentially be taken over/bought by other companies (with lack of credit about unlikely though) and/or have lots of potential for future gains in the share price, in the mid term.

ad44downey

Buddy195 wrote: »

Lots of opinion would point to nationalisation being a no goer. But it's a risk I'm talking in dealing in a few hundred pounds all of which came from the £1000 I made on Barclays. So my shares are bought on potential profit and if it all goes to pot I've never actually had the money so not lost a bean.

.

Either it's a profit or it's not a profit. If it is a profit and you lose it then you have lost a bean.

Buddy195

ad44downey wrote: »

Either it's a profit or it's not a profit. If it is a profit and you lose it then you have lost a bean.

Well it's neither to me as is all virtual money. I took a punt on Barclays that paid off.
Now bought into Lloyds & RBS bank and a few other carefully selected companies. I'd say other companies they are all under valued and will recover and should make a fair bit from them. Banks who knows it's a gamble but the doom and gloom on their share price of threat of nationalisation is currently not happening, shares are staying around level I bought in at.
If I lose some virtual cash, I'll gain in other areas, then once I decide to pull the cash back out I'll know if I've made a loss or profit as money will be in the my bank account.

Andrew64

If RBS ends up being fully nationalised because of something the government made it do, the shareholders must be fully compensated.

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/4682751/RBS-struggles-to-find-way-to-pay-8bn-bill-for-toxic-asset-insurance-scheme.html

RBS struggles to find way to pay £8bn bill for toxic asset insurance scheme

"RBS is scrambling to form a plan that avoids either handing over more equity to the Government – which could bring it to the brink of full nationalisation – or destroying its capital ratio."

ad44downey

Hatone wrote: »

This is all very tempting....... 20p for RBS or 57p for Lloyds....... Mmmm

how's it tempting? When RBS fall to 10 pence would you be even more tempted? Or what about 0 pence?