Quick one... RBS
Discussion
Sold... Decent profit 
Despite immense problems with the fecking Barclays site.
What's the stock du jour tomorrow then? BARC has seemed quite buoyant but hasn't dropped down to a worthwhile level to buy in for a while.
RBS did seem a little sluggish... What effect is the rights issue likely to have?
Despite immense problems with the fecking Barclays site.What's the stock du jour tomorrow then? BARC has seemed quite buoyant but hasn't dropped down to a worthwhile level to buy in for a while.
RBS did seem a little sluggish... What effect is the rights issue likely to have?
Chompeur, if id have seen this thread in time then id have given you my 33.1p target for them
the whole market is fascinating at the moment, iv already said im optimistic on the banks (though I wasnt optimistic enough to hold on to them barclays shares, backed the dark side there but thats the way it goes)
From where they are now they could continue with a rally to about 40p, but I emphasise the word could!!
mondays action will give a few more clues to the exact direction this ones heading
the whole market is fascinating at the moment, iv already said im optimistic on the banks (though I wasnt optimistic enough to hold on to them barclays shares, backed the dark side there but thats the way it goes)
From where they are now they could continue with a rally to about 40p, but I emphasise the word could!!
mondays action will give a few more clues to the exact direction this ones heading
Thanks for that, did kick myself when I sold late yesterday for 28.5 and they peaked around 33 today...
I did expect somewhat of a dip before starting today which didn't happen. Hopefully there'll be a slight dip Monday morning so I can buy back in- Whatever happens it's not disastrous as I have locked in a decent profit and also want to consolidate with some money that was in LLOY.
I did expect somewhat of a dip before starting today which didn't happen. Hopefully there'll be a slight dip Monday morning so I can buy back in- Whatever happens it's not disastrous as I have locked in a decent profit and also want to consolidate with some money that was in LLOY.
Chompeur- RBS came back down to 29p after 33.5, which could be all of its downside on this move out of the way, but its possible that it goes down to 27p
after 40p comes a potentially large drop, where we could revisit 20p
Fesuvious- where does that target come from?
Topless MX5- 40p is a good target, and theres only one way to learn about the market
just dont get to greedy on exit and you'l be fine
after 40p comes a potentially large drop, where we could revisit 20p
Fesuvious- where does that target come from?
Topless MX5- 40p is a good target, and theres only one way to learn about the market
just dont get to greedy on exit and you'l be fine
Have been day selling lots of the above mentioned financials for a while. Agreed that most seem to have addressed a lot of internal issues and one would hope that no more writedowns are in the pipeline.
Now totally out of Barc but Lloy and Rbs have some more gains in them yet IMO.
Target price of 43 for RBS is a pretty good shout. I'll come out if they head North of 40.
Came of out LLoy on Friday at close but will keep an eye on them at open on Monday.
Now totally out of Barc but Lloy and Rbs have some more gains in them yet IMO.
Target price of 43 for RBS is a pretty good shout. I'll come out if they head North of 40.
Came of out LLoy on Friday at close but will keep an eye on them at open on Monday.
Tis confidence that drives rise in share prices. The current "confidence" is from a lack of bad news more than a spate of good news. We're heading towards a lot more earnings reports over the coming period, etc. These WON'T be pretty. Any up-side has likely now been factored into the financial share prices. Rise also partially due to end of tax year ISA padding. Likely a bit more of a very short term rise as people don't realise that boat has sailed...
...then quite likely for them to drop noticeably as the reality of the recession hits home again.
Things to note:
Apologies for lousy grammar - falling asleep at the keyboard here... jobs in banking just aren't 9-5 any more
...then quite likely for them to drop noticeably as the reality of the recession hits home again.
Things to note:
- Not all banks are equal
- Compare the market cap of the banks to the subsidiaries they own - quite an easy way of seeing who's undervalued (or has their assets mis-valued, if nothing else!)
Apologies for lousy grammar - falling asleep at the keyboard here... jobs in banking just aren't 9-5 any more
Did nicely on all three last week but like an idiot went into RBS at COB yesterday as there were some big buys going through and I wanted to see if anything was in the offing.
Bailed out this morning at a loss.
Barc may have some life left in it, selling it's PE business that holds a lot of toxic assets and very close to selling the i-shares business for 3/3.5bn USD so that will shore up the balance sheet somewhat.
All open to interpretation - is selling one of the most profitable parts of the business a good idea in the long run .......................... maybe not but helps in the short term.
Bailed out this morning at a loss.
Barc may have some life left in it, selling it's PE business that holds a lot of toxic assets and very close to selling the i-shares business for 3/3.5bn USD so that will shore up the balance sheet somewhat.
All open to interpretation - is selling one of the most profitable parts of the business a good idea in the long run .......................... maybe not but helps in the short term.
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