How much could we make out of RBS?
Discussion
I say we I mean the government.
The government paid an average of 50.2 pence for each of the 90.6 billion RBS shares it bought to save the bank from collapse. On Thursday, the shares had closed at 47.14p.
So 90.6 billion shares if they increased to say 50p, thats a fair profit. Ok they aren't anywhere near this yet but maybe in the future. My calculator doesn't have enough 00000's to do the sums.
The government paid an average of 50.2 pence for each of the 90.6 billion RBS shares it bought to save the bank from collapse. On Thursday, the shares had closed at 47.14p.
So 90.6 billion shares if they increased to say 50p, thats a fair profit. Ok they aren't anywhere near this yet but maybe in the future. My calculator doesn't have enough 00000's to do the sums.
Soovy said:
One thing is for sure, the taxpayer will make a mint here. Something which the chattering classes are too thick to realise.
"We bailed you out"
FFS.
The media doesn't help with the publics knowledge though, the Sun and the likes only report how many billions have been sunk in to bail them out. If they bothered to explain the profits were talking about it public opinion would change. But that doesn't sell papers, topless women do. "We bailed you out"
FFS.
Soovy said:
One thing is for sure, the taxpayer will make a mint here. Something which the chattering classes are too thick to realise.
"We bailed you out"
FFS.
Personally I think we should keep quiet about. If it finally sinks in with the chavs then they will want even more off the system for doing f"We bailed you out"
FFS.
kall and spending all day breeding.BoRED S2upid said:
I say we I mean the government.
The government paid an average of 50.2 pence for each of the 90.6 billion RBS shares it bought to save the bank from collapse. On Thursday, the shares had closed at 47.14p.
So 90.6 billion shares if they increased to say 50p, thats a fair profit. Ok they aren't anywhere near this yet but maybe in the future. My calculator doesn't have enough 00000's to do the sums.
have you bought some then?The government paid an average of 50.2 pence for each of the 90.6 billion RBS shares it bought to save the bank from collapse. On Thursday, the shares had closed at 47.14p.
So 90.6 billion shares if they increased to say 50p, thats a fair profit. Ok they aren't anywhere near this yet but maybe in the future. My calculator doesn't have enough 00000's to do the sums.
BoRED S2upid said:
I say we I mean the government.
The government paid an average of 50.2 pence for each of the 90.6 billion RBS shares it bought to save the bank from collapse. On Thursday, the shares had closed at 47.14p.
So 90.6 billion shares if they increased to say 50p, thats a fair profit. Ok they aren't anywhere near this yet but maybe in the future. My calculator doesn't have enough 00000's to do the sums.
If they paid 50.2p for them, if they increase to 50p that's not a fair profit, it's a loss.The government paid an average of 50.2 pence for each of the 90.6 billion RBS shares it bought to save the bank from collapse. On Thursday, the shares had closed at 47.14p.
So 90.6 billion shares if they increased to say 50p, thats a fair profit. Ok they aren't anywhere near this yet but maybe in the future. My calculator doesn't have enough 00000's to do the sums.
marky1 said:
BoRED S2upid said:
I say we I mean the government.
The government paid an average of 50.2 pence for each of the 90.6 billion RBS shares it bought to save the bank from collapse. On Thursday, the shares had closed at 47.14p.
So 90.6 billion shares if they increased to say 50p, thats a fair profit. Ok they aren't anywhere near this yet but maybe in the future. My calculator doesn't have enough 00000's to do the sums.
If they paid 50.2p for them, if they increase to 50p that's not a fair profit, it's a loss.The government paid an average of 50.2 pence for each of the 90.6 billion RBS shares it bought to save the bank from collapse. On Thursday, the shares had closed at 47.14p.
So 90.6 billion shares if they increased to say 50p, thats a fair profit. Ok they aren't anywhere near this yet but maybe in the future. My calculator doesn't have enough 00000's to do the sums.
What they SHOULD do is sell down enough of the equity so they get the EU off their back for competition regulations etc and sit on the rest and take a very nice dividend over the long term. That of course won't happen...it'll be sold off too early I suspect some of the shares will be available like the utility sell off's in the late 80's. It is amazing that the potential value of the shareholding doesn't get talked about more.
Beardy10 said:
marky1 said:
BoRED S2upid said:
I say we I mean the government.
The government paid an average of 50.2 pence for each of the 90.6 billion RBS shares it bought to save the bank from collapse. On Thursday, the shares had closed at 47.14p.
So 90.6 billion shares if they increased to say 50p, thats a fair profit. Ok they aren't anywhere near this yet but maybe in the future. My calculator doesn't have enough 00000's to do the sums.
If they paid 50.2p for them, if they increase to 50p that's not a fair profit, it's a loss.The government paid an average of 50.2 pence for each of the 90.6 billion RBS shares it bought to save the bank from collapse. On Thursday, the shares had closed at 47.14p.
So 90.6 billion shares if they increased to say 50p, thats a fair profit. Ok they aren't anywhere near this yet but maybe in the future. My calculator doesn't have enough 00000's to do the sums.
Sorry BoRED S2upid but given your other post about the ineptitude of the HSBC I'm not sure you're having a particularly good day
Fatman2 said:
Beardy10 said:
marky1 said:
BoRED S2upid said:
I say we I mean the government.
The government paid an average of 50.2 pence for each of the 90.6 billion RBS shares it bought to save the bank from collapse. On Thursday, the shares had closed at 47.14p.
So 90.6 billion shares if they increased to say 50p, thats a fair profit. Ok they aren't anywhere near this yet but maybe in the future. My calculator doesn't have enough 00000's to do the sums.
If they paid 50.2p for them, if they increase to 50p that's not a fair profit, it's a loss.The government paid an average of 50.2 pence for each of the 90.6 billion RBS shares it bought to save the bank from collapse. On Thursday, the shares had closed at 47.14p.
So 90.6 billion shares if they increased to say 50p, thats a fair profit. Ok they aren't anywhere near this yet but maybe in the future. My calculator doesn't have enough 00000's to do the sums.
)
marky1 said:
Fatman2 said:
Beardy10 said:
marky1 said:
BoRED S2upid said:
I say we I mean the government.
The government paid an average of 50.2 pence for each of the 90.6 billion RBS shares it bought to save the bank from collapse. On Thursday, the shares had closed at 47.14p.
So 90.6 billion shares if they increased to say 50p, thats a fair profit. Ok they aren't anywhere near this yet but maybe in the future. My calculator doesn't have enough 00000's to do the sums.
If they paid 50.2p for them, if they increase to 50p that's not a fair profit, it's a loss.The government paid an average of 50.2 pence for each of the 90.6 billion RBS shares it bought to save the bank from collapse. On Thursday, the shares had closed at 47.14p.
So 90.6 billion shares if they increased to say 50p, thats a fair profit. Ok they aren't anywhere near this yet but maybe in the future. My calculator doesn't have enough 00000's to do the sums.
)
If the shares were purchased directly from RBS then RBS would have profited from the 0.2p whilst the government lost 0.2p per share. But anyway I was just taking the wee wee so apologies for the misunderstanding
Fatman2 said:
marky1 said:
Fatman2 said:
Beardy10 said:
marky1 said:
BoRED S2upid said:
I say we I mean the government.
The government paid an average of 50.2 pence for each of the 90.6 billion RBS shares it bought to save the bank from collapse. On Thursday, the shares had closed at 47.14p.
So 90.6 billion shares if they increased to say 50p, thats a fair profit. Ok they aren't anywhere near this yet but maybe in the future. My calculator doesn't have enough 00000's to do the sums.
If they paid 50.2p for them, if they increase to 50p that's not a fair profit, it's a loss.The government paid an average of 50.2 pence for each of the 90.6 billion RBS shares it bought to save the bank from collapse. On Thursday, the shares had closed at 47.14p.
So 90.6 billion shares if they increased to say 50p, thats a fair profit. Ok they aren't anywhere near this yet but maybe in the future. My calculator doesn't have enough 00000's to do the sums.
)
If the shares were purchased directly from RBS then RBS would have profited from the 0.2p whilst the government lost 0.2p per share. But anyway I was just taking the wee wee so apologies for the misunderstanding
what is more important is what happens to the profit if it materialises imo
Let's say, for example, its £90bn (a quid a share). Sensibly that should be used immediately to pay off a (small) chunk of the national debt (£1 trillion or so)
The worst thing would be that it just dropped into the general taxation pot and was consumed on day to day costs of running the country
Let's say, for example, its £90bn (a quid a share). Sensibly that should be used immediately to pay off a (small) chunk of the national debt (£1 trillion or so)
The worst thing would be that it just dropped into the general taxation pot and was consumed on day to day costs of running the country
JPJPJP said:
what is more important is what happens to the profit if it materialises imo
Let's say, for example, its £90bn (a quid a share).
Where do you get that number from ? Are you saying HM Govt's profit at a share price of £1 is £90bil ? Think you need to check your numbers if that is the case....IIRC before all this happened RBS's market cap was something like £60 or £70 bil and the sahre price was an awful lot higehr than £1. Let's say, for example, its £90bn (a quid a share).
Beardy10 said:
JPJPJP said:
what is more important is what happens to the profit if it materialises imo
Let's say, for example, its £90bn (a quid a share).
Where do you get that number from ? Are you saying HM Govt's profit at a share price of £1 is £90bil ? Think you need to check your numbers if that is the case....IIRC before all this happened RBS's market cap was something like £60 or £70 bil and the sahre price was an awful lot higehr than £1. Let's say, for example, its £90bn (a quid a share).
There are 57,968m shares in issue and the government holding is 68.4% = 39,560m shares
So, £1 per share profit (i.e. selling for £1 per share more than it bought in at) only equals £39.5bn.
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