ROYAL BANK OF SCOTLAND GROUP PLC is within a rising trend. Continued positive development within the trend channel is indicated. The stock has broken up through the resistance at pence 50.00. A further rise to 100p (1) is predicted in the medium term. The stock is assessed as technically positive for the medium long term.

Good luck -

even better time now - or maybe a bit later - dont think this has hit bottom quite yet

sub 20p a distinct poss imo

Long for me when it goes down to 10p

indeed gl

ooooopsssss

i think more red here good for shorters....


Moody's downgrade report hits UK banks

Shares in banks fell back after a report that the ratings agency Moody's is set to lower its ratings on Lloyds, RBS and other British banks.

05 Sep 2011 - 10:43

Shares in banks fell back after a report that the ratings agency Moody's is set to lower its ratings on Lloyds, RBS and other British banks.

Sky News reported over the weekend that Moody's is awaiting the Independent Commission on Banking's (ICB) report on September 12, which is expected to recommend the imposition of robust firewalls and more stringent capital requirements. According to the news channel, Moody's executives met this week with banks to hint that they will downgrade their rating on the UK banking sector's credit worthiness after the report is released.

Reuters quotes Moody's as responding to the Sky News report by saying that it has not changed its position since 2 August when it said several big British banks remain on review for a possible downgrade.

"As announced on 2 August, our review of UK financial institutions continues," a Moody's spokesman said.

"The review is a broad reassessment of the appropriate levels of systemic support that Moody's expects going forward."

More of a worry, imo, is this:
"UK/EU Banks: Following press reports earlier Friday, post US market Friday the FHFA (Fannie/Freddie regulator) filed lawsuits against 17 banks/FIs , including Barc, DBK, HSBA, CSGN, RBS, alleging mis-selling of mortgages to Fannie Mae and Freddie Mac (Total $201bn)."
It appears LLOY is not on the list, but RBS certainly is.

i agree HC - some fool on another bb tried to say it only affected barcs which is rubbish - this is very serious indeed and i expect more south tomorrow, then other problems as well - a real rough ride ahead imo but also opportunity

i am amazed anyone is buying at these levels when rbs being sued for at least 3.7B + other turmoil - incredible
gla

I am dipping my toe in barc/lloy/rbs at these levels. i think a lot of this doom and gloom is factored in now. Maybe people are becoming immune to
"the end is nigh" i think i am.

.

A dead duck

lame but not yet dead will be in intensive care for some time.

This is a Scottish thing - can the UK Government allow it to fail?

Back in 2007, this was 570p - now you can use the certs as floorcovering at just 23p a throw.

It is unbelievable how badly a "non-business" can be run. (By this I mean they don't have new competitors really; folk rarely change Banks. The money doesn't become old-tech and it's selling a must-have lubricant to the economy...... how much better could it get?

The face value is 25p..... makey you weep, eh?

RNS Number : 7690N

Royal Bank Of Scotland Group PLC

07 September 2011

The Royal Bank of Scotland Group plc - Sale of Hilton Glasgow Grosvenor Hotel

RBS sells Hilton Glasgow Grosvenor Hotel to private investor

The Royal Bank of Scotland Group plc ("RBS") today announced the sale of the Hilton Glasgow Grosvenor to a private investor for GBP9.45 million in cash.

This shows continued progress with the sale of the hotel portfolio in its Non-Core Division and the asset reduction element of its Strategic Plan.

The Non-Core Division has sold 10 of 11 hotels in the RBS Hilton portfolio so far. As at June 2011, RBS has reduced assets by GBP145 billion since the Non-Core Division's inception in 2009.

yep they are also in the process of selling a division in aus - should bring in about 5B - this was a stipulation of the bail out agreement with the gov at the time
interesting little spike earlier

Glad i dipped my toe in, wish twas my foot!

lol
gl

Having banked 8.5% profit yesterday on barc/lloy/rbs. will see how dow fares and poss buy back Monday. "He who dares" or "a fool and his money" make your choice.

i prefer he who dares!! well done btw
i see a typical friday here today - another easy profit maybe here sooner than we thought!! gl

Back to 18p..?