RBS Shares - Should I buy ?

purch

we have the sixth largest manufacturing sector in the whole world

Yeah.........but apart from the 6th largest manufacturing sector in the whole world......What have the Romans ever done of for us !!!!!

Thrugelmir

gettingthere28 wrote: »

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.

On what basis do you regard RBS shares as "cheap" ?

As opposed to say HSBC or Standard Chartered.

cashbackproblems

I would say an absolute BUY and I hold a load at an average of 35p. Short term there will be some volatilty but if your willing to hold for 2-3yrs+ you will double your money at least, simply as the govt have a huge stake in the bank and will want the bank to be a success so they can profit and obtain some much needed funds. Also RBS still has strong brands in insurance (direct line, churchill etc) and in investment banking.

anselld

I used to like RBS. But why would you want to invest in a failed bank which is largely owned by a failed government? Surely you would want to invest in a business which has some better expectation of being successful. Cheap does not equal good value.

gozomark

cashbackproblems wrote: »

if your willing to hold for 2-3yrs+ you will double your money at least, .

the word you are after is may, not will, unless you are providing a personal guarantee....

friar

Is it correct that if the goverment nationalise bank,you get nothing ?

Masomnia

friar wrote: »

Is it correct that if the goverment nationalise bank,you get nothing ?

That's what looks to be the case with Northern Rock. The shares become worthless and it's then down to whether you get compensation or not.

gozomark

friar wrote: »

Is it correct that if the goverment nationalise bank,you get nothing ?

Is it correct that if the government nationalise anything,you get nothing ? not necessarily, but either nothing, or close to it, is the most likely scenario

friar

May be not so cheap,but I did read that the commercial arm of RBS is very profitable.
Rest of bank dragged down with toxic debt.
I had some, and sold at 59p, will wait a while now before buying again.

clockworks_2

As tempting as it they are i personally am not convinced by them. I personally prefer LLoyds for a long term buy.