Buy RBS?

markwilkinson

This isn't a tip etc.

I think I might take a punt, for the long term.

Archi_Bald

I am sticking with the Kempton 3.30 fav.

This is not a tip either.

Thrugelmir

markwilkinson wrote: »

This isn't a tip etc.

I think I might take a punt, for the long term.

Very long term.....................

Next set of results going to be interesting.

Ifts

I was reading an article over on the Motley Fool about RBS yesterday, it could have a thing or two about RBS that you may have overlooked:

http://www.fool.co.uk/investing/2014/02/06/3-terrifying-reasons-why-royal-bank-of-scotland-group-plc-is-set-to-dive/

Glen_Clark

RBS is a huge complex international business with notoriously opaque accounts that few people, if any, really understand.
The only thing you can say in its favour as an investment is that politicians keep chucking public money at it (indirectly) to keep it afloat.
How much more of our money they will chuck at it is inside information you are not likely to find out on an internet forum.
Why do you think bankers pay so much to hire (ex) politicians?

sabretoothtigger

RBS is ok so long as they dont have to repay their debts. In a decade or so they might have siphoned enough from the real business to cut off the dead gangrenous parts and live.
I'd say closer to 20p or 200 as it is now

wary

markwilkinson wrote: »

This isn't a tip etc.

I think I might take a punt, for the long term.

Might be worth a long-term punt. Hopefully all of their recent woes will be long since behind them in 10 years time and you'll have made a killing ...

PeacefulWaters

wary wrote: »

Might be worth a long-term punt. Hopefully all of their recent woes will be long since behind them in 10 years time and you'll have made a killing ...

It's a theory.

I'd be very concerned about their lack of understanding around their USA assets and the new losses they are now incurring as a result.

While the 10 year timeline should be ok for them their shareholders won't benefit if it takes a full nationalisation to get them to that happy place. Indeed, they'll lose every penny.

A_Flock_Of_Sheep

You'd be better off having a go at AIM shares.

Thrugelmir

PeacefulWaters wrote: »

I'd be very concerned about their lack of understanding around their USA assets and the new losses they are now incurring as a result.

Ulster Bank also makes up a sizable chunk of the toxic debt portfolio.

planteria

i have had one eye on Lloyds over time, and probably should have invested.

but RBS seems like a minefield to me. i think we (the taxpayer) could be long out of Lloyds but still propping up the Scots;)