RBS Shares - Should I buy ?

gettingthere28

RBS (Royal Bank of Scotland) shares are now 29.4p, would this be a good time to buy with a long tern view of them going up and therefore a good investment (Long Term), or would this be a bad move as they could fall further ?.

I can't see them getting much lower, but I am open to advice and suggestions.

barak

gettingthere28 wrote: »

RBS (Royal Bank of Scotland) shares are now 29.4p, would this be a good time to buy with a long term view of them going up and therefore a good investment (Long Term), or would this be a bad move as they could fall further ?

If only we knew! You are right in saying that shares can go up and down in value. Advice on particular investments is not supposed to be given here, but remember that if you buy shares, somebody else is selling them, so probably has the opposite view to you.

purch

a bad move as they could fall further ?.

They can only fall another 29.4p :eek:

rupee99

The're 29.3p now

Jake'sGran

Whatever the price I think banking shares should be avoided now.
Have a look at the tips on the web sites of The Times, FT, Mail etc.
Usually, they show what the papers were recommending lats Sunday.

Rosso

28.93p now :eek:

C_Mababejive

I'm an old cynic and guess what i think? By them becuase they will start vto climb in a year or so. Why? well for the very same reasons that banks were bailed out , big city whizz kids will get their performance bonus's and we will soon hear of xmas excess and mega Christmas do's for city folk.

You see Blighty has nothing left but the banks and financial services and so it will NEVER EVER be allowed to fail becuase if it does,the country is finished,all our personal savings and weath is finished and we will all be doomed.

StevieJ

You should have bought them when they were £0.10p.

StevieJ

Jake'sGran wrote: »

Whatever the price I think banking shares should be avoided now.
Have a look at the tips on the web sites of The Times, FT, Mail etc.
Usually, they show what the papers were recommending lats Sunday.

You mean they are all tipping bank shares.

Masomnia

C_Mababejive wrote: »

You see Blighty has nothing left but the banks and financial services and so it will NEVER EVER be allowed to fail becuase if it does,the country is finished,all our personal savings and weath is finished and we will all be doomed.

That argument would also have been valid for Northern Rock and Bradford and Bingley, though.

They won't go up significantly until they can pay a dividend, and that won't happen until the government's shares have all been sold. These will either be sold onto the market, keeping the price down, or bought back by the bank, impacting profits and thus... keeping the price down.

The bank is going to be broken up, I believe, with branches being sold off, and it'll all impact on the price in unknown ways. Don't forget as well, that there are millions, if not billions more shares in the bank now on the market, meaning that 1 share now is worth much less than 1 share two years ago, as a percentage of the company, so you can't compare prices then and now and expect that 'recovery' for the bank will mean a return to those prices, because it won't. Even in if the bank were in the same shape its price would be significantly lower. There's a good chance that the shares will be diluted further in future too.

Personally I'd rather find a sound FTSE100 company paying a good dividend and stick with that.

StevieJ

C_Mababejive wrote: »

I'm an old cynic and guess what i think? By them becuase they will start vto climb in a year or so. Why? well for the very same reasons that banks were bailed out , big city whizz kids will get their performance bonus's and we will soon hear of xmas excess and mega Christmas do's for city folk.

You see Blighty has nothing left but the banks and financial services and so it will NEVER EVER be allowed to fail becuase if it does,the country is finished,all our personal savings and weath is finished and we will all be doomed.

But we have the sixth largest manufacturing sector in the whole world

http://investing.curiouscatblog.net/2009/10/13/data-on-the-largest-manufacturing-countries-in-2008/