Are RBS shares worth a punt?

Buddy195

sabretoothtigger wrote: »

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 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

Have you got anymore RBS updates? Share price seems to be fairly static gains followed by losses...

sabretoothtigger

Not heard much, try ft.com

They report results this week as well as lloyds, things will develop that way I guess. Their own website has a schedule maybe or I will see if I can find one.

Try pestons blog, he seems to know everything lol


Speak of the devil, rbs is in discussion

http://www.bbc.co.uk/blogs/thereporters/robertpeston/

Buddy195

sabretoothtigger wrote: »

Not heard much, try ft.com

They report results this week as well as lloyds, things will develop that way I guess. Their own website has a schedule maybe or I will see if I can find one.

Try pestons blog, he seems to know everything lol


Speak of the devil, rbs is in discussion

http://www.bbc.co.uk/blogs/thereporters/robertpeston/

Ta for link

sabretoothtigger

Later this week, Brown will reveal the costs of loan guarantees for banks in exchange for promises to lift lending and curb bonuses.

http://www.bloomberg.com/apps/news?pid=20601109&sid=aL7YMnJhLrgI&refer=home

bargainbasement

....... and have bought £1k shares in RBS today at 28p - good move, bad move??:eek: . Any other recommendations for a £500 investment??

malik999

bargainbasement wrote: »

....... and have bought £1k shares in RBS today at 28p - good move, bad move??:eek: . Any other recommendations for a £500 investment??

£1k isn't gamble/beer money so i would consider this a bad move.
re other £500. if you mean shares - diversify your portfolio i.e. anything other than another financial

Ada3050

I went in yesterday at 23.8p only for £100 though.
Put a limit of 40p to sell half the amount if it gets that far, to make a small gain before the whole lot goes to the government (us).

Will start a small holding of longer term shares such as tesco, centrica etc. We all need to eat and keep warm, plus the dividend will be nice add on.

bargainbasement

malik999 wrote: »

£1k isn't gamble/beer money so i would consider this a bad move.
re other £500. if you mean shares - diversify your portfolio i.e. anything other than another financial

I am planning on being in for the long term on this, 5 years or so (if they are still around!!!)

Considering Lloyds Banking Group for £750.........?? Thoughts

malik999

bargainbasement wrote: »

I am planning on being in for the long term on this, 5 years or so (if they are still around!!!)

Considering Lloyds Banking Group for £750.........?? Thoughts

I just can't bring myself to recommend banks. Its not only the risk but also the timeframe is too long term for the profits I would be looking for. My opinion, and its just my opinion, alot of new buyers are jumping on the wrong share bandwagon. People are purely focused on the financial institutions because of price and number of shares and overlooking other companies. Just about all companies have taken a huge hit. There are some great buys around imo which will bounce back far faster and greater than the financial institutions. You pay a higher share price but you have to look at the return and consider within a few years you can make a higher profit.

Buddy195

malik999 wrote: »

I just can't bring myself to recommend banks. Its not only the risk but also the timeframe is too long term for the profits I would be looking for. My opinion, and its just my opinion, alot of new buyers are jumping on the wrong share bandwagon. People are purely focused on the financial institutions because of price and number of shares and overlooking other companies. Just about all companies have taken a huge hit. There are some great buys around imo which will bounce back far faster and greater than the financial institutions. You pay a higher share price but you have to look at the return and consider within a few years you can make a higher profit.

Have to agree with not just focusing on one area of shares. Personally have bought into Barclays, RBS & Lloyds, all share prices are now above what I paid. Barclays I sold at double what I paid and I expect to get 20% plus return on both RBS & Lloyds, not in it for the long term, just looking to make a few hundred and as prices are right now I've made it. Would expect to sell my RBS & Lloyds shares in the very near future, almost hit my sell price on RBS today :mad: was very very close, hoepfully tomorrow they will go up again