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 -

Hi rbs owes me a bit of money bought years ago at 7o odd p. I dont think I will ever see my money back but whats your thoughts on where they will settle ? or is it in the hands of the gods.

if you're asking me, i haven't the faintest idea ..... i never guess at these things

I'll have a guess. Five years to reach £7.

I hope that isn't insider info!

I hope it is!

yes i can wait for £7, Thanks

Anyone with thoughts on the Direct Line float?

You may have seen this TOK -..Questor share tip: Buy a small position in Direct Line float

By Garry White | Telegraph – Sun, Sep 30, 2012 07:16 BST
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......
RBS (LSE: RBS.L - news) , which is majority owned by the taxpayer, is to float its Direct Line Insurance (Euronext: SIN.NX - news) arm and private investors can buy in ahead of the IPO. Questor thinks the yield makes it worth a nibble.

Direct Line Range: 160p to 195p Questor says BUY

RBS is floating Direct Line to comply with rules on state aid and private investors can buy the shares. But should you?

The disposal by RBS has to start this year, with the majority of Direct Line sold by 2013 and the entire business by 2014. The initial plan is to sell 25pc, with a further 5pc sold if demand is strong.

This means significantly more shares will be issued over the next two years. The price range is 160p to 195p, valuing the float at £2.66bn at the mid point. This is lower than analysts’ valuation of between £3bn and £3.2bn, implying the issue has been “priced to go”.

Not all units are profitable. The combined operating ratio (COR) is a measure of premiums coming in minus insurance claims paid out. Any reading above 100pc means the underwriting business is not profitable. CORs are above 100pc in motor, commercial and its international business.

However, insurers also make money from their investments and the group returned to profitability in 2011. Direct Line mostly faces the relatively mature UK market, so there are concerns about future growth. Closest peer RSA has a significant international presence.

On Friday, the Office of Fair Trading (OFT) referred the UK private motor industry to the Competition Commission. This has put a question mark over the profitability of its motor business, which represents 42pc of the group’s premiums.

The OFT has described this market as “dysfunctional”.

Direct Line admitted on Friday it could not estimate with any certainty the effect of this inquiry, but Eamonn Flanagan, an analyst at Shire Capital, reckons it could put a question mark over 30pc of group operating profit in the first half of 2012.

The insurer has committed to distribute 50pc to 60pc of after-tax profit as a dividend. Based on expectations of a 2012 operating profit of £450m, this implies a payout of about 10p to 12p, or a yield of up to 7.5pc. With interest rates expected to be low for some time this is very attractive and should help support the price through future share sales. With a yield this impressive the offer looks good and the lower-than-expected valuation goes some way to discount risk from the OFT investigation.

With some reservations, Questor says buy a small stake.

..

wonder if existing RBS holders will get a preferential allocation or somesuch ...... quite possibly a good buy as for sure RBS (the taxpayer!) will want to get the offer away easily - and i hope with a sweetener to much-mauled current investors

unlikely HMG would subscribe.

for HMG, it may be a chance to recoup (somehow) a slab of enforced expenditure, but for PIs, a somewhat different story

This means significantly more shares will be issued over the next two years. The price range is 160p to 195p, valuing the float at £2.66bn at the mid point. This is lower than analysts’ valuation of between £3bn and £3.2bn, implying the issue has been “priced to go”.


Don't stay in for too long and stag it for, say a target 15% gain.

shan't bother to stag unless there is an incentive for existing PIs

Thanks for that Dreams. I wonder what Questor considers a small stake? I've applied for a dollop in a SIPP and a dollop in an ISA account I use for trading.

Is that an American 'dollop' or a UK 'dollop' ? :-)

Thanks TOK, thats a new one, a dollop. lol

An oop north dollop, skins and dreams.

If you get a dollop down here in the south..... you'd need to clean yr boots

Anyone got this today?
Direct Line Group plc has launched an Offer of up to 500 million Ordinary shares of 10p.

We would like to give you the opportunity to participate in this Public Offering to invest in Direct Line Group Ordinary shares prior to their listing on the London Stock Exchange.

The Offer price per Ordinary share is expected to be between 160p and 195p per Ordinary share. The minimum investment is GBP1,000, with us having to declare any investments over GBP50,000 to Barclays, acting on behalf of RBS (the Selling Shareholder).

Please be aware that this is a General Public Offer and is being offered to you independently of any current share holdings you may have.

Direct Line Group is a retail general insurer with leading market positions in the United Kingdom, a strong presence in the direct motor channel in Italy and Germany and a focused position in UK SME commercial insurance. The Group operates under highly recognised brands such as Direct Line and Churchill and is comprised of five primary segments: motor, home, rescues and personal lines, commercial and international.

Below you will find all the relevant information you will need to help you in your decision, including details of the web page hosting the Prospectus, however we are unable to provide any financial advice regarding this offer and you should seek independent financial advice if you are in any doubt.

Before proceeding with an application you must read the Prospectus.

If you are in any doubt as to the content of the Prospectus we recommend that you seek appropriate financial advice in order to gain a full understanding.

If you do not wish to participate, please take no further action.

whats the opinion??

This ad. seems to be plastered all over the place to me.. And at our expense as well... Well you did ask BB -):