RBS shares (5%) being sold- too cheap?
Discussion
Du1point8 said:
Brown didn't need to wait until rock bottom... Winky caused it by announcing to the market, that he was going to flood the market with UK gold, even though we didn't need the money and there was no reason to do it.
Osbourne just needs to keep it quiet so the share price doesnt artificially drop just before selling, unlike the loud mouth t
t Winky.
We did need the money, it was essential to give the public sector massive pay rises for a decade, pensions that they don't even contribute 20% of the value too, limitless sick pay etc. It was needed to ensure a fairer society, you know ending relative child poverty, so less children are living in households with an income of... Socialist spouting here... In the real world it was needed for client state votes, NOTHING was more important to the Osbourne just needs to keep it quiet so the share price doesnt artificially drop just before selling, unlike the loud mouth t
t Winky.s Blair and Brown than votes.oyster said:
So Osborne has a choice:
1. Sell the whole 81% stake at 330p now (or likely less than 330p, as he'd need to offer a discount so someone could underwrite it).
2. Sell some at 330p now to bring down the Government's ownership and allow the bank to free itself from the shackles, make some bigger profits and see if the share price rises to allow further sales at higher prices.
3. Wait and see if the share price rises, continuing to pay interest on the money being borrowed to maintain the stake and keeping the shackles on the bank, but hoping somehow it can conjure up more profit that way.
If you were chancellor (and left in this mess by the previous Labour government) what would you do?
Thank you for the clear explanation.1. Sell the whole 81% stake at 330p now (or likely less than 330p, as he'd need to offer a discount so someone could underwrite it).
2. Sell some at 330p now to bring down the Government's ownership and allow the bank to free itself from the shackles, make some bigger profits and see if the share price rises to allow further sales at higher prices.
3. Wait and see if the share price rises, continuing to pay interest on the money being borrowed to maintain the stake and keeping the shackles on the bank, but hoping somehow it can conjure up more profit that way.
If you were chancellor (and left in this mess by the previous Labour government) what would you do?
drainbrain said:
As an ex-RBS customer can I say it is a disgusting organisation. I earnestly hope that once all the people it swindled have been compensated its shares sink to zero and it finally comes to an end.
What makes you think we will ever be compensated? They appear even to have got off scot free (see what I did there?) with their crooked +/or incompetent rights issue prospectus.b
ds!Last night labour`s shadow finance minister Rachel Reeve, was on the news whingeing that this weeks sale of some of the government holdings in RBS had cost the UK taxpayer 1 billion pounds.
Quite how she, and Harperson could do this with a straight face, knowing that Tony Bliars give away
of a large part of the UK`s EU rebate, has cost the UK taxpayer an average of 3.1 billion EVERY year since, and for eternity (or as long as the EU lasts and we are still in it) and for absolutely NO gain whatsoever for the UK taxpayer, is staggering.
And lets not forget when Gormless Clown sold off 395 tons of the UK`s gold reserves when (for the UK) he did not have to, and managed to lose the UK tax payer 7 BILLION pounds in one go.
As some have pointed out, the tories are not much good for the UK, but in no way are they as disastrous for the UK as the clusterf*ck we know as the labour party.
Quite how she, and Harperson could do this with a straight face, knowing that Tony Bliars give away
of a large part of the UK`s EU rebate, has cost the UK taxpayer an average of 3.1 billion EVERY year since, and for eternity (or as long as the EU lasts and we are still in it) and for absolutely NO gain whatsoever for the UK taxpayer, is staggering.
And lets not forget when Gormless Clown sold off 395 tons of the UK`s gold reserves when (for the UK) he did not have to, and managed to lose the UK tax payer 7 BILLION pounds in one go.
As some have pointed out, the tories are not much good for the UK, but in no way are they as disastrous for the UK as the clusterf*ck we know as the labour party.
Edited by Pan Pan Pan on Wednesday 5th August 07:37
Cliftonite said:
drainbrain said:
As an ex-RBS customer can I say it is a disgusting organisation. I earnestly hope that once all the people it swindled have been compensated its shares sink to zero and it finally comes to an end.
What makes you think we will ever be compensated? They appear even to have got off scot free (see what I did there?) with their crooked +/or incompetent rights issue prospectus.b
ds!Pan Pan Pan said:
Last night labour`s shadow finance minister Rachel Reeve, was on the news whingeing that this weeks sale of some of the government holdings in RBS had cost the UK taxpayer 1 billion pounds.
Quite how she, and Harperson could do this with a straight face, knowing that Tony Bliars give away
of a large part of the UK`s EU rebate, has cost the UK taxpayer an average of 3.1 billion EVERY year since, and for eternity (or as long as the EU lasts and we are still in it) and for absolutely NO gain whatsoever for the UK taxpayer, is staggering.
And lets not forget when Gormless Clown sold off 395 tons of the UK`s gold reserves when (for the UK) he did not have to, and managed to lose the UK tax payer 7 BILLION pounds in one go.
As some have pointed out, the tories are not much good for the UK, but in no way are they as disastrous for the UK as the clusterf*ck we know as the labour party.
Or the tories could be seen to need to offload the shares at market rate as they will never reach the highs at which Labour blundered in and paid for them... what should they do? Hang on for another 10 years in the hope they go back up or use the money elsewhere and take the loss?Quite how she, and Harperson could do this with a straight face, knowing that Tony Bliars give away
of a large part of the UK`s EU rebate, has cost the UK taxpayer an average of 3.1 billion EVERY year since, and for eternity (or as long as the EU lasts and we are still in it) and for absolutely NO gain whatsoever for the UK taxpayer, is staggering.
And lets not forget when Gormless Clown sold off 395 tons of the UK`s gold reserves when (for the UK) he did not have to, and managed to lose the UK tax payer 7 BILLION pounds in one go.
As some have pointed out, the tories are not much good for the UK, but in no way are they as disastrous for the UK as the clusterf*ck we know as the labour party.
Edited by Pan Pan Pan on Wednesday 5th August 07:37
Du1point8 said:
Pan Pan Pan said:
Last night labour`s shadow finance minister Rachel Reeve, was on the news whingeing that this weeks sale of some of the government holdings in RBS had cost the UK taxpayer 1 billion pounds.
Quite how she, and Harperson could do this with a straight face, knowing that Tony Bliars give away
of a large part of the UK`s EU rebate, has cost the UK taxpayer an average of 3.1 billion EVERY year since, and for eternity (or as long as the EU lasts and we are still in it) and for absolutely NO gain whatsoever for the UK taxpayer, is staggering.
And lets not forget when Gormless Clown sold off 395 tons of the UK`s gold reserves when (for the UK) he did not have to, and managed to lose the UK tax payer 7 BILLION pounds in one go.
As some have pointed out, the tories are not much good for the UK, but in no way are they as disastrous for the UK as the clusterf*ck we know as the labour party.
Or the tories could be seen to need to offload the shares at market rate as they will never reach the highs at which Labour blundered in and paid for them... what should they do? Hang on for another 10 years in the hope they go back up or use the money elsewhere and take the loss?Quite how she, and Harperson could do this with a straight face, knowing that Tony Bliars give away
of a large part of the UK`s EU rebate, has cost the UK taxpayer an average of 3.1 billion EVERY year since, and for eternity (or as long as the EU lasts and we are still in it) and for absolutely NO gain whatsoever for the UK taxpayer, is staggering.
And lets not forget when Gormless Clown sold off 395 tons of the UK`s gold reserves when (for the UK) he did not have to, and managed to lose the UK tax payer 7 BILLION pounds in one go.
As some have pointed out, the tories are not much good for the UK, but in no way are they as disastrous for the UK as the clusterf*ck we know as the labour party.
Edited by Pan Pan Pan on Wednesday 5th August 07:37
If we could afford to wait indefinitely for the share price to rise back up to what they were bought
at, that `might' be alright, but by that time, the cost of a 3 minute phone call could be 20.000 pounds
StevieBee said:
drainbrain said:
As an ex-RBS customer can I say it is a disgusting organisation.
You can. And I agree. Many times over.Although I agree that RBS buying ABN Amro as some kind of willy-waving contest against Barclays wasn't a great move.
MrBarry123 said:
Yes but, with all respect, drainbrain is only a customer and knows very little about the inner workings of the bank. To say that it's a "disgusting organisation", with very little evidence other than personal experience as one of quite a few customers, is quite a blanket to cast.
Well, I used to be "only a customer". Now I'm an ex-customer who retains a specialist to give me a bit of insight into "the inner workings of the bank", so I possibly know a bit more than you might want to think. Funnily enough it's largely what's been discovered about their "inner workings" that's begun to loosen their purse strings and recently the first £35k has come my way. Apparently that's just the start of the compen due me for the raping they gave me. Bum like a manhole in my case apparently. I would urge anyone similarly raped by this top-to-bottom parcel of rogues to engage a specialist (usually an ex-banker) to fight their corner if they're finding it difficult to restore their rights. The scum are well aware how difficult it is for ordinary people to deal with the obstacles and hurdles they (and, sadly, their cronies in glove puppet regulatory authorities, ombudsmen etc) put in the way of compensation. But trust me, persevere with it along with some specialist help. It's not quick, but eventually they crack and pay up.
Edited by drainbrain on Thursday 6th August 00:20
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