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?????????????

wow that was quiet something
lucky those went short at the time

7p mitzy - is that the value of BARC you are saying? OK they may have some toxic debts, but these can't be all that big (can they?)- and BARC did secure a loan of-sorts from the middle-east at 14% - so they have enough to tick-over OR do you consider this is nonsense....e.g. that when "bust" the only value is the office furniture and building leases, etc? (see*).
I will agree that the departure of a Dir is unsettling - esp at this rather dangerous time (UK-restoration of Shorting).
+Can you provide further insight, - pse?
.
.

* Many consider HBOS was broke ( well damn close) - and that was taken-over by LLOY at a reasonably large price, presumably for its network, underlying Mortgages and infrastructure. Their problem was lack of cash, but this was papered-over/ smoothed-out by UK Gov ( =uk Taxpayers!). They have some redeeming cash from savers, but these are relatively small compared with the HBOS "loan-book" hence the difficulty when no-one will lend, etc.

anyone think that shorting the banks will be banned again real soon?
Else i can foresee the Govt having to step in and (part/whole)nationalise them.
If shorting banned then maybe a chance for a quick[high risk imho] profit from those having to close their positions.

The only bank Gordon Brown cannot nationalise is Barclays as so far they have not taken any taxpayers money. Latest statement from Barclays seems to contradict the markets perception of the value of their business.

possibly good for a bounce then? albeit high risk

I predicted 20/30p for RBS in October but I think 7p would be true figure now and 60p for Barclays.

don't you scare me mitzy with that 7p

Its scary stuff tomasz one broker said 1p last week, JPM said 9p and another 18p in November.. take your pick.

AN RBS UPGRADE Friday from Dresdner K from HOLD to BUY

Latest:

RBS to convert 5bill of preference shares held by the government to Ordinary shares resulting in a 70% stake.

So we now have a bank 70% owned by the taxpayer where does this leave the shareholder..?

Well the way I see it ,the bank does not have to pay the 12% interest on the 5
billion pref shares,so this would free up and save the bank money,I would consider this good news

Good question.

Earlier today, reports were saying RBS was going to be nationalised with the 70% stake. Surely nationalisation means 100% and delisting. Over the last couple of hours, reports appear to have backtracked from this position.

To be frank I don't understand the rules well enough and many attempts to have meaningful dialogue on here have fallen foul on ill informed self-opinionated crap. Perhaps I expect too much but you would have thought that on a share trading site there would be people around who knew what they were talking about and were willing to discuss these issues. It appears not. Most of the genuine and informed investors have left along time ago. Tis no wonder moneyam struggles to resolve it's many diificulties when subsciptions must be at an all time low.

Yes I am a shareholder and yes I fear that we are about to be cleaned out.

DD On my understanding of what happened to the Anglo Irish bank Govt nationalised it, it was delisted and shareholders will get zilch. So yes you are right.IMO

dealerdear I am a holder to of 50k ,the Telegraph reported it might be nationalised,but heh the dailys do like a good headline.
Are you saying that holders of pref shares do not receive interest,if you consider everyone on this site is talking crap why bother posting.

Rumours of full nationalisation within months I hear which would be logical I guess shareholders will recieve little in the way of compensation as taxpayers always come first.

A loss of 20 bill is to be announced this is really a bank that has had its day and talk of full government cintrol in weeks...7p is my target.

Thank you for your comments.

It appears that they are still a listed company this am, just!

Expected to open around the 30p mark.

Morning dealer effectively its another rights issue the 3rd one @ 31p this time.

Incredible down 30% in one hour its a disaster.

sorry to hear your plight mitzy, though i am afarid financials have not been the place to have long money for some time.

from my own point of view, i just hope that it will not all get totally silly, as RBS is our company's bank and we have a very good relationship with them ..... that we are (currently) profitable and performing well ahead of predictions no doubt will help considerably