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

As a long term holder of a lot of inherited RBS shares as long as they don't go bankrupt, I don't care too much what the sp does in the near term. I keep them for the large divi each year. A reduction in that is unacceptale to all shareholders through very poor management so Goodwin would have to go.

Will Barclays have the last laugh at Goodwin's expense?

When does Godon brown join the board..?

when's st.georges day?

next week .

See Panmure Gordon update below.

Responding to the reports, Panmure Gordon said it thinks this would be bad news for RBS, given uncertainties about further write-downs, impairment charges
and higher capital requirements.

The broker said it thinks the bank is vulnerable -- along with many of its peers -- to falling house prices and rising arrears, which it believes will lead to both further write-downs and higher impairment charges.

It added that these macro trends appear to have migrated from the United States to the United Kingdom.

Panmure Gordon maintained its 'sell' recommendation on RBS, with a target price of 280 pence.

I agree where is the upside coming from for all banks over the 1-2 years apart from opportunistic takeovers or mergers?

Latest rumour in the city is that Barclays may try and beat RBS to a rights issue, true or not I dont know. But would expect other banks to follow along this route.

As I said a few day ago, I note when companies are in trouble they go for rights issues to the shareholders, in better times we don't get a look in. They just go for a placing with large institutional holders.

Yes have a rights issue good excuse to reduce the dividend.

Yes have a rights issue good excuse to reduce the dividend.

I guess it will be a 2/5 issue at 280p raising 10b .

I read earlier a figure of 275 to raise 10bn, so would expect sp to drift lower to low 3.00s

Anybodys gess we should run a book.....1 for 3 @ 3.30 !

not necessarily so at all ..... others may perceive it as a way of picking up cheap stock, especially if market sentiment is positive

Picking up cheap stock. That is exactly how I would see it, so the low 3.00 figure could be what I would like to see. But would still expect to see this unless whole market remains bullish.

Pretty expensive way to raise capital with RBS shares yielding 9% unless you reduce the dividend subsquently.

and this may be the time Sovereign Wealth Funds take stakes an look to take a longer view ?

May prove difficult to get a rights issue away in volatile markets, in normal conditions it would not need to be underwitten... perhaps an opportunity to earn some fat fees?

I'm impressed Halifax theres more to you than meets the eye, surely you wouldn't underwrite the whole lot, must spread some of the risk............lol