Are RBS shares worth a punt?

gozomark

spartacus1291 wrote: »

So what happens to shares that been purchased if the RBS were to be nationalised?

shares become worthless - however, there maybe some subsequent payment, but don't depend on it

Buddy195

scotsman4th wrote: »

It seems my PHD is no match for your crystal ball.

My crystal ball is doing very well this year , very happy with it. Not going along with the doom & gloom merchants, now is a good time to buy most things, why wait around keeping money in savings accounts that are not gaining anything

FoxtonsRIP

Buddy195 wrote: »

Lose the lot. Could well happen but for now no news is good news. Share price is bouncing along nicely. I'm holding onto my shares for now and have my sell price set, may buy further shares if I see some positive news regarding RBS.

Yeah, the biggest loss in UK corporate history, 28 billion pounds down the swanee. Their share prices crashes to about 5% of its original value and this mug sees positive news. There really is one born every minute.

amcluesent

At less than 20p, taking a punt on Hester is starting to making sense to me. ££ Billions of this weeks write-downs are just on goodwill.

Sure, a lot depends on politics. Does Clown think he'll get a boost as a 'man of action' by nationalising it, or will the civil servants steer clear of taking responsibility. After all, the public sector is now planning for 'after Clown'.

sabretoothtigger

Bad news yesterday doesnt mean they cant have good news.

I think it will be on the news tonight but I heard RBS will be split in two soon

Maybe our RBS employees can tell us more during the week

chambta

sabretoothtigger wrote: »

Bad news yesterday doesnt mean they cant have good news.

I think it will be on the news tonight but I heard RBS will be split in two soon

Maybe our RBS employees can tell us more during the week

I wouldn't bank on it. We seem to be the last to know anything.

Buddy195

FoxtonsRIP wrote: »

Yeah, the biggest loss in UK corporate history, 28 billion pounds down the swanee. Their share prices crashes to about 5% of its original value and this mug sees positive news. There really is one born every minute.

A "mug" who made 100% profit on Barclays shares in 3 weeks, a "mug" who was told not to touch Barclays? Yeah one born every minute.
We really need more people who see no good in taking a gamble on something, if only we were all like you would be still living in caves. Less the personal insults as obviously you have nothing to contribute. When I sell my shares at a profit we'll see whom the mug is.....;)

Andrew64

Can anyone guess what this new type of share - not preference or ordinary - will mean in practice? Any ideas how it might affect existing shareholders?

RBS puts more jobs on the line in bid to avoid full-scale nationalisation

http://www.guardian.co.uk/business/2009/feb/22/rbs-lloyds-job-losses

"He intends to avoid full-scale nationalisation of RBS by paying for a new insurance scheme to cover the most problematic £250bn of its loans through the issue of a new class of shares which do not carry voting rights."

flossy_splodge

There is a blog on Motley fool at moment about Bank shares in general. Worth a listen.:cool:

sabretoothtigger

Sounds like a rights issue to me of some sort, they'll share the dividends like anyone else

I heard the company was being split in two, maybe these new shares will carry 250bn of bad debt but who the hell would buy that excluding the government though the debt will be insured for 90% of its cost once the initial fee is paid, whatever that is. Gambling tickets/shares


I like this guy anyway is my first thought. I like

He has already reversed the sale of the insurance businesses

good job because why would they throw out the profit making part of the business, its the only hope not to be submerged and they werent going to get a good price on it afaik

They arent the underwriters not like the mortgages (afaik), the article describes positive moves is my rough opinion