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

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

Morning. The market is in effect saying it will be fully nationalised. It may recover but it doesn't look good.

I been patient so long that im lost 70%
now is too late for any sale
ok now every one knows what is going on , how much losess etc ,
before, treasury did't know about all losess , Brown nearly headbutt the wall on news that bloody ex CEO's lost 2bil with some russian deal (just like that) what start real RBS problem.
good news they swop pref shares for ord,
there is still light in the tunell
know is time for relax cause nothing we can do about it now , these are days we will remember for rest of life

Hi cynic

I'm not a holder will buy @7p ot lower no value in banks with government control.

I guess it's never too late to sell. 100 back is better than nothing. At least you can then drown your sorrows!

I nearly sold when it rose to 70p thinking that may be a high but didn't. I guess I thought that if things were this bad they may sell out to a foreign bank.

My guess ie they will be broken up and sold off to foreign banks.

why do that? ...... if the banks in general are to be nationalised, Barclays prob excluded, why would we (our money!) want to sell off the profitable bits and just keep the trash?

by the way, RBS is still shortable on IG, somewhat to my surprise

The government is very reluctant to nationalise them I believe for two reasons.

1) they will lose their investment in them and the resulting public outcry will probably finish this government

2) The remaining banks with the possible exception of Standard Ch. are generally lumped together. If RBS collapses then they all probably will do given time and the gov will end up nationalising them all. A&L; B&B and North. Rock were always considered to be the weak ones.

as Barclays have accepted no money from the gov't, i would have thought they wedre in a very strong position to resist any attempt at nationalisation.