RBS posts record £40bn Pre-tax loss

piggeh

If we are to buy 95% of shares, are we not then obliged to make an offer to buy out the reaming 5%? I'm sure there's a rule about takeovers with different trigger levels like these?

chewmylegoff

piggeh wrote: »

If we are to buy 95% of shares, are we not then obliged to make an offer to buy out the reaming 5%? I'm sure there's a rule about takeovers with different trigger levels like these?

25% is the threshold above which you have to make a takeover offer for all of the shares of a PLC.

i expect the new banking act deals with this, but i don't know.

INSTRUCTOR_3

So we as the taxpayer have bailed out the banks. How does this work then as I'm not that financially savvy. Firstly did the Government borrow the money from other countries for the bail outs. If not why are there billions sitting in the Governemts bank account. Surely we don't just pay tax year after year and they don't use the money for helping UK residents. They say money is tight and there are cutbacks everywhere (NHS) but they have huge reserves?

Also I'd be interested to hear from a top ranking bank employee of Rbs or similiar to find out how they feel about the position their employer has left shareholders,savers and possibly them in.

Andrew64

piggeh wrote: »

I'm sure there's a rule about takeovers with different trigger levels like these?

You think this government cares about rules!?

beingjdc

INSTRUCTOR wrote: »

So we as the taxpayer have bailed out the banks. How does this work then as I'm not that financially savvy. Firstly did the Government borrow the money from other countries for the bail outs.

Yes, other countries, other countries' banks, uk residents, and pension funds. The Government's net debt is currently £703.4 billion.

bubblesmoney

Andrew64 wrote: »

You think this government cares about rules!?

they will just make up the rules as they bumble along or just ignore the rules when it doesnt suit them. even in the present circumstances the f*ckwits at the fsa get 10-30% bonuses above regular pay as per fsa

Dithering_Dad

beingjdc wrote: »

Shares up 27% today thanks to the latest Government subsidy plan.

Yep, great isn't it .

As I have said a few times in this particular forum (for example...), people need to decide whether they will take advantage of the downturn or run around like frightened rabbits, donning tin hats and hoarding food.

I bought shares in RBS and Lloyds knowing that their share price was a bargain and knowing that the government could not nationalise them and could not let them fail either. I was ridiculed on here by the 'scared tin hat wearing, food hoarding rabbits' but look, I was right.

In the words of many armchair economists here - "I told you so, but no one would listen to me". Unlike the armchair economists, I actually put my money where my mouth was.

Happy days

bubblesmoney

Dithering_Dad wrote: »

Yep, great isn't it .

As I have said a few times in this particular forum (for example...), people need to decide whether they will take advantage of the downturn or run around like frightened rabbits, donning tin hats and hoarding food.

I bought shares in RBS and Lloyds knowing that their share price was a bargain and knowing that the government could not nationalise them and could not let them fail either. I was ridiculed on here by the 'scared tin hat wearing, food hoarding rabbits' but look, I was right.

In the words of many armchair economists here - "I told you so, but no one would listen to me". Unlike the armchair economists, I actually put my money where my mouth was.

Happy days

peoples investing needs and risk taking appetite will differ. whats good for the goose is not necessarily good for the gander. everyone might not have the appetite for tracking the share daily or even weekly. they might be busy in other things in life and might prefer lower yield but safer instruments.

edited by me to remove personal details. apologies for any inconvenience caused.
. so might not be the best investment for people who dont want to lose their money gambling on RBS stock, because when the CEO says they are looking for 95% govt stake, thats not very far off from nationalisation is it. for others who dont mind risking losing 100% of their money RBS is still fair game. it is playing russian roulette gambling and not fundamentally sound investment would be my opinion about RBS investment at the moment.

Rochdale_Pioneers

There is an alternative:

1. Let RBS, Lloyds et al go bust
2. Watch as savers withdraw money in a panic
3. Watch as investors flee the UK in a panic
4. Watch as the economy crashes to a complete stop

America decided to be bullish and let Leeman go bust. The result was a one day run on their banks that almost bankrupted their entire financial system. So yes, if you want an end to capitalism as we know it, let the banks go bust.

purch

if you want an end to capitalism as we know it, let the banks go bust.

Thats a big decision to have to make. :eek:

I wouldn't want to make it, and I'm not sure I would trust anyone else to either !!!!!