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RBS Buy at 54p - Target 100p (RBS)     

peeyam - 26 Aug 2009 13:00

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 -

Fred1new - 10 Oct 2012 10:27 - 584 of 847

Wait and buy them in the after market!

skinny - 11 Oct 2012 16:10 - 585 of 847

Golden cross powered by DLG.

Chart.aspx?Provider=EODIntra&Code=RBS&Si

Balerboy - 11 Oct 2012 19:40 - 586 of 847

which means what skinney, on up or come crashing down? as for my purchase of dlg, it appears i didn't hit the right button, in hind sight maybe it was fate. no great loss, but in profit now with rbs.,.

skinny - 11 Oct 2012 20:09 - 587 of 847

Its normally a bullish sign. But wtf do I know.

Balerboy - 11 Oct 2012 20:11 - 588 of 847

more than me and thats a fact lol.,. cheers skinny

skinny - 13 Oct 2012 08:42 - 589 of 847

Santander $2.7 billion deal for RBS UK branches collapses

LONDON | Sat Oct 13, 2012 1:37am BST

(Reuters) - Spain's Santander pulled out of its 1.65 billion pound (US$2.65 billion) deal to buy 316 UK branches from Royal Bank of Scotland late on Friday, dealing a sharp blow to the state-backed British bank.

More than two years after the deal was struck, it collapsed because the process of carving out the business proved more complex and difficult than had been expected. Santander said it was unwilling to again extend the deadline when it became clear that it would not be completed this year.

RBS, 83 percent owned by the British taxpayer, said it would restart the sale process, which had been ordered by European authorities as a cost for Britain's rescue of RBS in 2008.

skinny - 14 Oct 2012 11:48 - 590 of 847

Sir Richard Branson set to make a move on 316 RBS branches

Virgin Money is poised to work on a bid for the 316-branch Royal Bank of Scotland division after the collapse of the deal to sell it to Santander.

The Sir Richard Branson-backed bank, which took control of previously nationalised Northern Rock on January 1, is ready to look at the balance sheet of the unit with a view to beginning formal due diligence once the sales process is restarted.

A source close to Virgin Money indicated that it had been “very keen” on the RBS unit when it was first put up for sale in 2010, and would be seriously considering the opportunity to rebid.

ahoj - 14 Oct 2012 14:18 - 591 of 847

Despite Virgin Money interest in the branches, RBS may prefer to keep the branches.

Balerboy - 14 Oct 2012 20:21 - 592 of 847

either way, reckon sp going to dive tomorrow.....

ahoj - 15 Oct 2012 08:03 - 593 of 847

I think it will not move much by the close.

Note: Virgin Trains Secures West Coast Extension

Balerboy - 15 Oct 2012 08:11 - 594 of 847

No, think i was wrong looks quite steady atm.,.

ahoj - 15 Oct 2012 10:34 - 595 of 847

Not much move as expected. If holds, it will jump by the end of the week.

Balerboy - 15 Oct 2012 11:11 - 596 of 847

which way?? and why.,.

ahoj - 15 Oct 2012 15:35 - 597 of 847

There is always a limit to everything, even stock manipulation thorough computer glitches cannot destroy the world.

The branches worth much more than the price offered. RBS holders should be happy, IMO.

skinny - 15 Oct 2012 15:43 - 598 of 847

Have a look under the paragraph "What now?"

Treasury's dilemma over RBS break-up

ahoj - 16 Oct 2012 10:20 - 599 of 847

As expected. Higher than close before the news.

skinny - 16 Oct 2012 10:22 - 600 of 847

RBS are considering suing BNC.

skinny - 17 Oct 2012 07:14 - 601 of 847

RBS exits UK Government's Asset Protection Scheme

RBS is pleased to announce that it has agreed with HM Treasury to exit the UK Government's Asset Protection Scheme effective 18 October 2012.

The exit comes at the earliest date consistent with the minimum contractual APS fee. RBS will have paid £2.5 billion for its participation in the APS, without having made a claim, in addition to around £1.5 billion it paid to HM Treasury for liquidity support received during the financial crisis.

skinny - 19 Oct 2012 10:11 - 602 of 847

BREAKING NEWS: Bank of Scotland fined £4.2 million for failures in mortgage record keeping

HARRYCAT - 22 Oct 2012 11:57 - 603 of 847

Ian Gordon of Investec:
"We are genuine admirers of the Hester/Van Saun turnaround project, but we were left somewhat perplexed by last week’s excitement over RBS’ exit from the APS. We’re pleased that it happened, but in both practical and financial terms, nothing changed relative to expectations. We still forecast another jaw-dropping statutory loss - £1.0bn for Q3 2012e on 2 Nov - and a bleak outlook for returns thereafter, (RoE 2013e 2%, 2014e 4%). As such, with the stock on 0.6x tNAV and close to a new 17-month high, we downgrade to Sell.
We agree that it was necessary and appropriate for RBS to “exit APS” before year-end in order to avoid paying incremental fees over and above the £2.5bn already charged for the notional protection. But let’s be clear; the scheme was a charade from the first moment it was put in place (December 2009). At that time, although the outlook remained grim, there was no realistic prospect of this “catastrophe-only” insurance scheme “paying out”. To give credit to RBS, it has always been transparent about the temporary APS boost to its printed core tier 1 ratio, and the market has always “looked through” to the adjusted (ex-APS) measure – 10.3% at 30 June 2012. The one positive we do take from last week’s confirmed exit is removal of the risk that the authorities could “play games” and block RBS’ exit to extract a further fee. A “fee-free” exit was assumed in our numbers, and by the wider market.
For Q3 2012e we expect an Operating Profit of £0.7bn, (Q2 2012: £650m). But this becomes an estimated pre-tax loss of £1.0bn once we include deductions for FVOOD (£0.7bn), PPI (£0.3bn), interest rate swap misselling (£0.2bn) and integration/restructuring/amortisation (£0.5bn). In our forecasts, LIBOR, FHFA and Iran settlements all fall in later periods (along with further restructuring charges and another interest rate swap top-up). Give credit for the progress made, but there’s a very long way to go. RoE-g/CoE-g 255p TP maintained."
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