NatWest Shares?

Futuristic

Barclays will get some kick back / % from the up take from their clients, you should be able to buy NatWest shares from all the other big brokers (HL, iWeb etc all have pages about this). Likely take place end of this month or next. 

jimjames

jameseonline said:

eskbanker said:

Yes, the intention for the government to offload some of its NatWest stake via a retail sale was announced in the last Budget, but no idea why Barclays would decide that their customers need to be (re)informed of that via the app, or email!

https://www.gov.uk/government/publications/natwest-retail-offer/natwest-retail-offer

I've never had this thing come up in app until today, very confused why Barclays would advertise another banks shares.

I thought has my app been hacked or have Barclays taken over NatWest Group🤷🤣

It's just coincidence that it happens to be Natwest. They probably did similar for the Royal Mail share sale a few years back.

Unless you have a portfolio of other shares and investments then it's unlikely to be something suitable.

Brie

Is it just on the app that this comes up?  I've checked on my Barclays online but there's nothing about this.  Maybe I'm not in the right customer group!

Brie

Ah!  Found it on the investment page!!

wmb194

eskbanker said:

Yes, the intention for the government to offload some of its NatWest stake via a retail sale was announced in the last Budget, but no idea why Barclays would decide that their customers need to be (re)informed of that via the app, or email!

https://www.gov.uk/government/publications/natwest-retail-offer/natwest-retail-offer

Barclays has a stockbroker, Barclays Smart Investor. I followed the link to signup for alerts and on the final screen it has a, "Get Ready, Open a Smart Investor account" link. To take up the offer via Barclays you'll need its stockbroker.

TheBanker

I got a similar message from a stockbroker that I have an account with - might have been HL...

Anyway, there is some speculation that the Government are going to sell their Natwest shareholding at a cut-down price, to try to generate a bit of a feel good factor before the general election. Similar to when they flogged British Gas off cheap in the 1980s. I guess Barclays and other stockbrokers are expecting a lot of interest, and therefore see an opportunity to make some commission. Barclays in particular might think their retail customers, who wouldn't normally involve themselves in sharedealing, might be interested?

Here's some speculation from Sky News: 

This weekend, sources said that options under active consideration by Treasury officials included a minimum investment of £250, to encourage a wide participation in the retail offer.

A ceiling of £10,000 was "likely", they said, mirroring a 2015 Treasury plan - which was subsequently abandoned - for a retail offering by the Treasury of Lloyds Banking Group shares.

Advertisement

The NatWest offer is also expected to award one bonus share for every ten bought by retail investors and retained for at least a year, the sources added, although they cautioned that final details such as the bonus share ratio and precise investment thresholds could still be amended by officials.

A modest discount to the bank's prevailing share price will also be applied to encourage take-up.

https://news.sky.com/story/ministers-apply-finishing-touches-to-tell-sid-style-natwest-offer-13128685

george4064

AJ Bell have just launched a page covering the secondary offering of NatWest shares, I guess they’re expecting it to be popular and want to get ahead. https://www.ajbell.co.uk/markets/ipo/natwest-retail-share-offer

jameseonline

Had a email from Barclays today, came from Smart Investor, seems to be confirming my interest with a summary of what's known, next steps

jameseonline

Got an email update today

MeteredOut

£1.24B share buyback by NW today.

https://otp.tools.investis.com/clients/uk/rbs3/rns/regulatory-story.aspx?cid=365&newsid=1826577