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 -

Just closed a 2day S/B +42p - and still holding long(er) term.

In the middle of the gap.

Espirito Santo Execution Noble Neutral 330.75 320.00 320.00 Reiterates

Investec Hold 335.55 325.00 325.00 Reiterates

2 May 2014



Allotment and Issue of New Ordinary Shares



The Royal Bank of Scotland Group plc (the "Company") announces the allotment and issue of 32,751,577 new ordinary shares (the "New Ordinary Shares") of the Company at a subscription price of 305.3288 pence per New Ordinary Share. The shares have been sold in the market. The subscription price was determined by reference to the average market price during a period since the Company's Full Year 2013 Results on 27 February 2014. The shares being issued are for the purposes of partly neutralising the impact of 2014 coupon payments on discretionary hybrid capital from a Core Tier 1 capital perspective, as explained in the Company's Full Year 2013 Results.

(Reuters) - Hundreds more investors have joined an unprecedented group legal action against Royal Bank of Scotland, alleging they were misled during an emergency cash call in 2008, and are claiming damages of around 4 billion pounds.

RBoS Action Group, which represents the largest group of shareholders, said it had filed claims by Friday and would lodge more next week. The claims could be for at least 1.2 billion pounds.

That adds to claims from three other groups that total more than 2.5 billion pounds on behalf of big financial institutions and thousands of small investors in the first American-style class action set to hit English courts.

Thursday marked the six-year anniversary of when the shares RBS sold in its emergency rights issue began trading and could be the cut-off point under English law after which damages claims are no longer be accepted.

Fred Goodwin, the former boss of the now state-backed RBS, asked shareholders to stump up 12 billion pounds at the height of the credit crisis to shore up the bank's capital position, which fell dangerously low after it paid top dollar for parts of Dutch peer ABN Amro and lost billions on U.S. credit market assets.

Under Goodwin, dubbed "Fred the Shred", RBS staged a meteoric rise to global prominence, expanding so aggressively into wholesale banking that its near-failure at the height of the credit crisis threatened to fell the UK financial system. Shareholders lost around 80 percent of their investments.

We had many Shareholders actions against many. That's nothing more than hope

Interims early.

Preliminary Interim Results 2014

Bosch! (technical term) out of auction +9.7%.

Numis Hold 373.55 300.00 300.00 Reiterates

Espirito Santo Execution Noble Neutral 373.55 320.00 320.00 Reiterates

i can't even pretend that i had thought of buying these, or any other bank for that matter
still, i have scored modestly with Carrilion, so i shouldn't be greedy :-)

A close and hold above 380 would be fairly significant - maybe too much for today though.

Tempted to take a short against my really, really long term holding at these levels.

Did so and closed for +12.

Half Yearly Report - Part 1

Half Yearly Report - Part 2

Half Yearly Report - Part 3

RBS set to raise $4 billion from U.S. listing of Citizens

(Reuters) - State-backed Royal Bank of Scotland aims to raise up to $4 billion (3 billion pounds) from the share flotation of its U.S. bank Citizens Financial Group this month, it was announced on Monday, putting it on track to be the biggest U.S. bank share offering this year.

Investec Hold 344.70 344.20 340.00 355.00 Upgrades

SCOTTISH REFERENDUM

In response to press speculation in relation to re-domicile, The Royal Bank of Scotland Group plc ("RBS") confirms that, as set out in the risk disclosures in RBS's Annual Report, there are a number of material uncertainties arising from the Scottish referendum vote which could have a bearing on the Bank's credit ratings, and the fiscal, monetary, legal and regulatory landscape to which it is subject. For this reason, RBS has undertaken contingency planning for the possible business implications of a 'Yes' vote. RBS believes that this is the responsible and prudent thing to do and something that its customers, staff and shareholders would expect it to do.

As part of such contingency planning, RBS believes that it would be necessary to re-domicile the Bank's holding company and its primary rated operating entity (The Royal Bank of Scotland plc) to England. In the event of a 'Yes' vote, the decision to re-domicile should have no impact on everyday banking services used by our customers throughout the British Isles. However, RBS believes that it would be the most effective way to provide clarity to all our stakeholders and mitigate the risks previously identified in our Annual Report.

The vote on independence is a matter for the Scottish people. Scotland has been RBS's home since 1727. RBS intends to retain a significant level of its operations and employment in Scotland to support its customers there and the activities of the whole Bank.

It will be interesting to see what effect that announcement has on the share price.

Trading Update

Q3 2014 Trading Update

RBS today provides an update on Q3 2014 financial performance.

· Q3 2014 has seen continued improvement in economic conditions and asset prices in our key markets, including Ireland. This has supported a further quarter of strong operating performance by RBS Capital Resolution ("RCR"). We anticipate that RCR will record net impairment provision releases in the region of £0.5bn in Q3 2014.

· RCR's future overall costs and speed of wind-down remain subject to significant potential volatility. The potential exists, if market conditions remain favourable, for RCR to incur limited future impairments and disposal losses, and an accelerated timetable to achieve its wind-down goals.

· Rising Irish residential property prices combined with pro-active debt management has resulted in lower arrears in Ulster (excluding RCR), within Personal & Business Banking. As a result we expect Ulster to record net provision releases in the region of £0.3bn in Q3 2014. The potential exists for further releases in future, if market conditions continue to improve.

· There has been an absence of large one-off impairments and lower levels of new non-performing loans in the rest of RBS's business during Q3 2014.

· RBS now expects to significantly outperform its previous guidance of c£1bn total impairments for FY 2014. Previously disclosed uncertainties remain, particularly relating to conduct and litigation matters.

· Corporate & Institutional Banking revenues have been weaker than anticipated in the third quarter.

· RBS took advantage of improved market prices to dispose of c€9bn legacy available for sale debt securities. These disposals generated a loss of around £0.2bn in Centre revenues. We expect these transactions to be moderately capital ratio accretive.

The figures quoted in this statement are preliminary estimates and unaudited. RBS will release its Q3 2014 Interim Management Statement on 31 October 2014.

UK closer to selling shares in bailed-out RBS - UKFI

(Reuters) - The body that manages Britain's bank stakes said it is closer to selling shares in Royal Bank of Scotland (RBS.L) and has seen growing appetite from financial institutions interested in buying the shares.

Oliver Holborn, head of capital markets at UK Financial Investments (UKFI), also said he had met with the agency's advisor JP Morgan more than 5 times to discuss the issue during the past month.

Interim Management Statement