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 -

bloody hell! thought i might have paid a bit too much, but sp roaring away even from my purchase level (236.65)

I have had rbs for ages years, when they did the x for 1 share thing what was the price and how many shares were made into one Any help would be good

For memory mojo47 I believe they were around 22p at the time of consolidation at the rate of 1 new share for 10 old shares.
2517

Here is the RNS from June 6th - Sub-Division and Consolidation of Ordinary Shares

Excellent run since the start of the month.

Wish I'd listened to cynic, good move cyners.,.

Yep, tip my hat. RBS up 23% this month, LLOY up 15% this month so far.

[StockMarketWire.com
There were strong rises in shares at Royal Bank of Scotland and Lloyds Banking Group after Germany's Constitutional Court rejected a move to block the creation of the eurozone's proposed rescue fund.]

are you still in cyners?

i am indeed - lovely jubbly!

clever boy ;)

Hi rbs owes me a bit of money bought years ago at 7o odd p. I dont think I will ever see my money back but whats your thoughts on where they will settle ? or is it in the hands of the gods.

if you're asking me, i haven't the faintest idea ..... i never guess at these things

I'll have a guess. Five years to reach £7.

I hope that isn't insider info!

I hope it is!

yes i can wait for £7, Thanks

Anyone with thoughts on the Direct Line float?

You may have seen this TOK -..Questor share tip: Buy a small position in Direct Line float

By Garry White | Telegraph – Sun, Sep 30, 2012 07:16 BST
.

......
RBS (LSE: RBS.L - news) , which is majority owned by the taxpayer, is to float its Direct Line Insurance (Euronext: SIN.NX - news) arm and private investors can buy in ahead of the IPO. Questor thinks the yield makes it worth a nibble.

Direct Line Range: 160p to 195p Questor says BUY

RBS is floating Direct Line to comply with rules on state aid and private investors can buy the shares. But should you?

The disposal by RBS has to start this year, with the majority of Direct Line sold by 2013 and the entire business by 2014. The initial plan is to sell 25pc, with a further 5pc sold if demand is strong.

This means significantly more shares will be issued over the next two years. The price range is 160p to 195p, valuing the float at £2.66bn at the mid point. This is lower than analysts’ valuation of between £3bn and £3.2bn, implying the issue has been “priced to go”.

Not all units are profitable. The combined operating ratio (COR) is a measure of premiums coming in minus insurance claims paid out. Any reading above 100pc means the underwriting business is not profitable. CORs are above 100pc in motor, commercial and its international business.

However, insurers also make money from their investments and the group returned to profitability in 2011. Direct Line mostly faces the relatively mature UK market, so there are concerns about future growth. Closest peer RSA has a significant international presence.

On Friday, the Office of Fair Trading (OFT) referred the UK private motor industry to the Competition Commission. This has put a question mark over the profitability of its motor business, which represents 42pc of the group’s premiums.

The OFT has described this market as “dysfunctional”.

Direct Line admitted on Friday it could not estimate with any certainty the effect of this inquiry, but Eamonn Flanagan, an analyst at Shire Capital, reckons it could put a question mark over 30pc of group operating profit in the first half of 2012.

The insurer has committed to distribute 50pc to 60pc of after-tax profit as a dividend. Based on expectations of a 2012 operating profit of £450m, this implies a payout of about 10p to 12p, or a yield of up to 7.5pc. With interest rates expected to be low for some time this is very attractive and should help support the price through future share sales. With a yield this impressive the offer looks good and the lower-than-expected valuation goes some way to discount risk from the OFT investigation.

With some reservations, Questor says buy a small stake.

..

wonder if existing RBS holders will get a preferential allocation or somesuch ...... quite possibly a good buy as for sure RBS (the taxpayer!) will want to get the offer away easily - and i hope with a sweetener to much-mauled current investors

unlikely HMG would subscribe.