ANYONE KNOW WHY THE ROYAL BANK OF SCOTLAND IS SHOWING A SHARE PRICE AROUND THE 6.59 MARK WHEN IT WAS 18.00 OR SO THE OTHER WEEK OR AM I GOING STRANGE?????????????

Thanks Annie understand now.

Property shares badly hit today .

this is only at early part mitzy.....much much more misery for property.....at least 25% decrease in england....maybe even 50% if it gets bad in next 18 months, haha

Just to come back on the tactics for selling some of the Nil paid rights in order to fund the balance, the formula is mx=(1-x)*200. 200p is the the purchase price of the rights issue. m is the amount by which the actual sp exceeds the rights issue price. x is the proportion of the nil paid shares that should be sold. As an example, assume the sp is 300p, then x=2/3 so you would sell 2/3rds of the rights and take up the balance. The argument for doing this is really, as I see it, to prevent your holding being diluted. We might call this "Annie's law"!

Sold my holding today at approx. 337p (10% loss). Its not so much that I feel their is that much risk of going a lot lower, rather that my funds can do better elsewhere in the short-term (I think!). So I have reinvested the funds in ASOS (ASC, increasing my holding) and Telecom Plus (TEP - I'm a subscriber and very impressed). Looking for short-term gains on both during the reporting season and then, hopefully, will come back into RBS. Need to see the back of this credit crunch first.

Good luck all, Eric

Cheers Eric....I think ? . Only scraped an O level in maths don't you know. Regards.

Interesting comments on RBS in IC today. Page 8 and 14. The figures on p14 tie up with Fundamentals from Sharescope and I think I will hold for rights. There is a temptation to trade, but even at probable prices I doubt dividends will be cut much if any as they should have enough cash in their coffers.

It still seems a safe boat in prevailing waters and should eventual reach land.

Yields and future growth potential should be rewarding, unfortunately the time period will be longer than I expected.

Dont forget they are selling assets which will reduce earnings plus fines/compensation to pay on illegal overdraft charges and lower profits from capital market activity. All that adds up to lower profits in a slowing world economy. If the directors are prudent then they will re-set the dividend after the rights issue is out of the way.

Todays Times says hold/sell.

Average of 9 brokers (I think) is average on Hemscott, i.e. a hold. Press comment in Times suggests that they would never have gone for this elvel of write-offs if it hadn't been a rights issue, i.e. taking the most pessimistic view of outcome. I suggest there should be a good buy opportunity once the rights issue is out of the way. Clearly, from values put on insurance investments, the sum of the parts is much greater than the whole. Back to the upper regions in two or three years time so it would buy and go away opportunity.

Eric

Its the same every day why do we bother..

Just to keep informed anyone interested.

The RBS document has arrived today.

Record date for Rights Issue entitlement is 9 May (so presumably already ex?)
Dealings in new shares, Nil Paid 15 May
Last date for payment for rights 6 June
Dealings in new shares fully paid 9 June

Bought some shares today @ 241p taking a longer term view. My guess is that advisers have allowed for extra funds when considering the size of the rights issue assuming that conditions may deteriorate further. Once the rump has been placed, the sp may stabilise but short term sentiment is also effected to a degree by the outcome of the insurance sale. This issue will strengthern the balance sheet and hopefully a new conservative approach to banking will ensue in future. Mr Goodwin will no doubt go in a year of so.

RBS extend deadline to sell insurance business looking increasingly desperate to raise capital.Perhaps seriously bad news on the cards?

who knows Halifax, perhaps due diligence takes longer or other party may enter at later date. Asset at end of the day is quality so if it is price that is the problem, then they will not sell it. Yes they would like the cash but, not at any price.

rbs will fall further on monday

"rbs will fall further on monday"

really highly intelligent comment based probably on your wind!

There is a deliberate attempt by the market to destroy the rights issue of not only RBS but also B&B by trying to drive down the sp to below the rights price. It won't work my friend because greed will get in the way. When you see the price down there you will be the first to buy.

i actually know something will happen with rbs on monday.

to be honest, its tempting to buy rbs already as it hit 224p today. so its hardly that far away from 2 quid.
b and b.....lol, now that is a shit share.

rbs is a quality bank and will be 4.50 quid in next year or so

If you're right, you're right.

I'm not posting my check till monday night so we will see.

Please don't tell me now it'll be Tuesday!

just post your cheque dealer......you wont lose from the right issues i'm sure

double bluff eh..

Interesting ...