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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 -

Stan - 25 Nov 2013 21:21 - 716 of 847

Anyone here still own any of these?

skinny - 26 Nov 2013 06:27 - 717 of 847

Yes, I still have some.

Time Traveller - 26 Nov 2013 08:40 - 718 of 847

And me!

skinny - 22 Jan 2014 10:04 - 719 of 847

Wishful thinking!

Liberum Capital Buy 351.00 359.00 - 445.00 Reiterates

skinny - 27 Jan 2014 16:26 - 720 of 847

Trading Update

The Royal Bank of Scotland Group plc ("RBS" or "the Group") will announce its full year results on 27 February 2014, which will reflect the following:

Provisions for litigation and conduct related matters

· The Board of RBS has decided to provide £1.9 billion covering various claims and conduct related matters affecting Group companies, primarily those related to mortgage-backed securities and securities related litigation, following recent third party litigation settlements and regulatory decisions.

· An additional £465 million provision for Payment Protection Insurance redress and related costs. Q4 2013 claims experience has continued at previous rates (c.£225 million per quarter) rather than declining as anticipated and claims are now expected to continue for a longer period. The cumulative provision is £3.1 billion, of which £2.2 billion had been utilised at 31 December 2013. The remaining provision of £0.9 billion covers approximately twelve months of redress and administrative expenses.

· A further £500 million provision for Interest Rate Hedging Products redress and administration costs. The increase in provision reflects both higher volumes and anticipated redress payments, recalibration of our methodology based on experience during Q4 2013, and additional administration charges. The cumulative provision, including expenses, was £1.25 billion at 31 December 2013.

Operating Performance

At its Q3 2013 results, RBS announced its intention to create RBS Capital Resolution, which was established on 1 January 2014. To reflect this new strategy, RBS recognised additional impairments and asset valuation adjustments in Q4 2013. In aggregate these are expected to be in the range of £4.0 to £4.5 billion as previously announced on 1 November 2013.

Non-Core asset reduction was accelerated in Q4 2013. As a result, Third Party Assets at 31 December 2013 were below previous guidance of £35 billion. The cost of this faster de-risking process will be reflected in the division's operating loss for Q4 2013.

Q4 2013 Core operating expenses include c.£200 million of additional provisions for various conduct related and legal expenses, in addition to those detailed above.

As anticipated, Markets performance in Q4 2013 reflected normal seasonal trends.

Capital

As indicated in the capital plan announced with our Q3 2013 results, RBS continues to target a fully loaded Basel III Core Tier 1 ratio of c.11% by the end of 2015 and 12% or above by the end of 2016. The impact of the provisions highlighted above was reflected in our future capital plan, outlined at the Q3 2013 results presentation.

On a reported basis, RBS expects to report a Core Tier 1 ratio of around 11% as at 31 December 2013. On a fully loaded Basel III basis, the Group's equivalent Core Tier 1 ratio is expected to be in the range of 8.1% and 8.5%.

The figures quoted in this statement are preliminary estimates and unaudited. The normal year end results processes are currently underway. The RBS Full Year 2013 Results and Strategy presentation will be held on 27 February 2014 and available to view via webcast at www.investors.rbs.com/financial_result

Time Traveller - 27 Jan 2014 16:33 - 721 of 847

Breaking News

RBS sets aside £3.1bn for new claims

RBS says it will need to set aside another £3.1bn to settle claims relating to mortgage products, PPI claims and interest rate hedging.

The bank's chief executive, Ross McEwan said: "The scale of the bad decisions during that period [the financial crisis] means that some problems are still just emerging.

RBS also said its executive committee would not receive a bonus for 2013.

Mr McEwan has already said he would not take a bonus.

halifax - 27 Jan 2014 16:45 - 722 of 847

TT what is the source of this breaking news?

skinny - 27 Jan 2014 16:52 - 723 of 847

See post 720!!

halifax - 27 Jan 2014 17:02 - 724 of 847

skin just a breaking repeat then!

skinny - 28 Jan 2014 07:26 - 725 of 847

Numis Add 338.00 374.00 374.00 Reiterates

Espirito Santo Execution Noble Neutral 338.00 365.00 365.00 Reiterates

Investec Hold 338.00 345.00 345.00 Upgrades

Morgan Stanley Equal weight 338.00 - 323.00 Retains

Citigroup Sell 338.00 290.00 290.00 Reiterates

JP Morgan Cazenove Underweight 338.00 350.00 330.00 Reiterates

Nomura Reduce 338.00 285.00 285.00 Reiterates

Credit Suisse Underperform 338.00 265.00 265.00 Reiterates

Deutsche Bank Sell 338.00 320.00 320.00 Reiterates

Stan - 28 Jan 2014 15:31 - 726 of 847

Crumbs this lot just get worst don't they?

cynic - 28 Jan 2014 16:29 - 727 of 847

interesting chart today ....

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

halifax - 28 Jan 2014 16:46 - 728 of 847

the only way is up!

skinny - 21 Feb 2014 06:50 - 729 of 847

RBS to retrench in investment banking, cut 30,000 jobs - FT

(Reuters) - Royal Bank of Scotland is expected to announce its withdrawal from many investment banking activities as well as much of its international business in a move that is expected to reduce staff numbers by at least 30,000 over the next three to five years, the Financial Times reported on Thursday.

The newspaper said that the restructuring will be a part of a range of cost-cutting measures and disposals adopted by Ross McEwan, the bank's new chief executive who is looking to revive the fortunes of the partly nationalised lender which was the subject of a 45 billion pound ($75 billion) government rescue in 2008. (link.reuters.com/hyq96v)

RBS, which is 82 percent owned by the British government, declined to comment on the story.

skinny - 21 Feb 2014 11:20 - 730 of 847

Numis Add 362.95 355.70 374.00 374.00 Reiterates

skinny - 27 Feb 2014 07:27 - 731 of 847

Final Results - Part 1 of 6

Royal Bank of Scotland posts £8.2bn loss

Royal Bank of Scotland (RBS) has reported its sixth annual loss since it was rescued by the UK government in 2008.

The bank's pre-tax loss for 2013 was £8.2bn.

However, excluding bad bank and legacy costs, RBS made an operating profit of £2.5bn.

RBS' bonus pool is down to £576m, a drop of 15% on last year, when £679m was paid out.

The bank, which is 81% owned by the UK taxpayer, also set aside regulatory and redress provisions of £3.8m.

It incurred impairments and losses of £4.8bn due to the establishment of a new internal "bad bank", known as RBS Capital Resolution (RCR).

skinny - 10 Apr 2014 10:15 - 732 of 847

Royal Bank of Scotland secured a landmark deal with the European Union last night which paves the way for it to eventually begin repaying dividends to shareholders. Under the EU ruling, RBS will pay the UK government 320 million pounds in the next 45 days and the remaining 1.18 billion pounds over a period of time, allowing the Treasury's golden share to be retired. - The Scotsman.

skinny - 25 Apr 2014 09:02 - 733 of 847

RBS plan for 200% bonuses blocked

Royal Bank of Scotland has abandoned attempts to pay bonuses twice the size of salaries after being told the move would not be approved.

UKFI, the body that manages the Treasury's stake in the bank, told RBS it would veto plans for a 2:1 bonus ratio at the next shareholder meeting.

New EU rules mean that the bank has to ask its shareholders for approval of annual bonuses.

RBS said it would now seek to pay up to 100% of base salaries in bonuses.

skinny - 25 Apr 2014 09:27 - 734 of 847

Espirito Santo Execution Noble Neutral 304.40 320.00 320.00 Reiterates

Deutsche Bank Hold 304.40 315.00 310.00 Upgrades

Citigroup Sell 304.40 270.00 270.00 Reiterates

skinny - 25 Apr 2014 14:32 - 735 of 847

Oh goodie!

Exclusive - Top investors to file 1 billion pounds legal claims against RBS : sources

(Reuters) - Three of Britain's biggest investors are expected to file lawsuits against Royal Bank of Scotland (RBS.L) next week saying they were misled over its 2008 rights issue and seeking to claw back more than 1 billion pounds, people familiar with the matter said.

Legal & General (LGEN.L), which was the biggest investor in RBS at the time of the rights issue, is expected to file a claim, a person close to the insurer said on Friday.

Standard Life (SL.L) and M&G Investment Management, which is owned by Prudential (PRU.L), are also set to file claims, two other sources familiar with the matter said. Those firms were both among the ten biggest investors in RBS.

The claims are expected to be filed in a London court on Wednesday, the sources said.
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