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

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.

yet! Another swing on the downturn and they'll probably be cap in hand.

Barclays? ..... doubt it, not because they are necessarily any better than the others, but they have handled their problems very differently ..... i am damn sure the saudis or kuwaitis or whoever it was, would rather take a bigger slice if necessary than to hand over to uk gov't for zero

It's all going to depend when the economic downturn ends. I know the SM looks 6-9mnths ahead but this has the potential to be a deep depression, mass unemployment and wholesale nationalisation and bankrupcies. Let's hope it doesn't come to that and as you said a long time ago, we desperately need to see some confidence return.

uk on its own, i am not sure, but on the global scene, i still reckon the economic bottom is not a million miles away, and that there will be some steadying to upturn in Q3/4 ..... it is not (quite) impossible that USA will recover very quickly - depends on the perception and actuality of what Obama brings ..... if that happens, then of course things will change dramatically and quickly ...... but if too fast, then US interest rates will have to go up, which will be bad news for debtor countries.

from our biz perception (loosely chemicals), USA has collapsed horribly, and Europe is pretty grim too, but India and M/E are still performing

As for going short, the problem is if this hammering continues then the Gov could at any time bring back the ban which will put one hell of a squeeze on those short.

In auction.

looks as though my rather belated short was not a bad idea!

just sold it
this post is enought for me:

http://www.investors.rbs.com/investor_relations/announcements/releaseDetail.cfm?ReleaseID=359621

..Warren Buffet ones said banks the last place to invest..
well..

am now in the fortunate position of (already) being able to put a stop at a level which will still leave a nice profit ..... if RBS continues to tumble, shall adjustr it accordingly

Please if you still hold sell now its worth between -7p and 7p.

Wow 42% down today

Incredible I cant believe it myself I imagined 27p today and now its 20p.. I have an order to buy @7p .