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

RBS CEO: Government Plan Wide-ranging, Prospectively Supportive (Royal Bank Of Scotland)





LONDON -(Dow Jones)- Royal Bank of Scotland Group PLC (RBS.LN) voiced its support for the package of measures announced earlier Monday by the U.K. Government, Bank of England and Financial Services Authority to aid the country's financial system.

"Overall the package is both wide-ranging and, prospectively, supportive and well-targeted. The authorities have listened to market needs and responded," RBS Chief Executive Stephen Hester said in a statement.

"We fully understand the role banks need to play in return, in providing support for our customers, and will be doing just that," said Hester.

RBS Chairman Designate Sir Philip Hampton said the effectiveness of the measure will depend, crucially, on details to come.

"Around the world, the gravity of the economic threat is causing governments and banks to work together as never before. This is appropriate given the interdependencies of modern economies," Hampton said.

The U.K. government could end up with a 70% RBS stake after agreeing to swap its GBP5 billion of preference shares for ordinary shares. The move forms part of the latest U.K. financial rescue package announced earlier Monday.

-By Victoria Howley, Dow Jones Newswires; 44 20 7842 9261; victoria.howley@dowjones.com

bugger! ..... can't re-short .... IG is now only allowing positions to be closed ..... never mind; it was a very decent profit overall so shall now look at other banks

I expect Fred gets quite a frosty reception at the 19th. tee these days !

mitzy - 19 Jan 2009 12:48 - 606 of 639
Please if you still hold sell now its worth between -7p and 7p.

good call!!

My order hasnt been filled yet.

It will be patient. Who is next kill for the short sellers, I reckon LLoyds will be thrashed Tuesday as today.

Moneyam RBS 540 ACCORDING TO THEM

UP I546%

Back to 10p must have been a glitch

Amazing almost 1 bill shares traded.

I sold all my holdings a few months ago at 1.60p. No not bragging about it as I had bought only a couple of months earlier at 2.40p.
Apart from the usual none confidence in banks, I feel as soon as short selling was again allowed on banks, these drastic drops in the sp were inevitable, although obviously the lets try anything without fully thinking it through (reduction in VAT, the initial throwing vast amounts of cash at banks without a plan) strategy of this excuse for a government is the main reason.
Shares have always been a gamble, but in the present climate anyone trying to read the direction of banking shares, is in my opinion taking the biggest market gamble possible.

More bad news is on the way according to latest reports this share is a complete gamble.

closing auction price was 12.40 ..... have had to be content with shorting LLOY as IG have shut their books for new orders on RBS

Possibly not a good idea to short the banks at the moment; if they get run into the ground then the whole bucket of sh*t will hit the fan.

As stated on another site, if we dealt with those who knowingly lied to the market, which includes many of our banks directors who openly stated that there were no more 'known' write downs due to all (again that word known) bad debt being declared, many would end up serving long jail sentences.
It is clearly apparent that although they did not know the exact figures, they mislead the markets with their blatant lies.
Don't hold your breath though, waiting for justice.

It hasn't uncrossed yet!

5 when uncrossed?!

HSBA LLOY RBS still in auction.

RBS adopted the same lending strategy as the present government. Can the loan be repaid? No? OK give them the money then!

i scarcely think that my short of 7k will have much effect on a company that trades a zillion a day!