NUOVO BUY: Royal Bank Of Scotland

[killer]

Lunedì come già anticipato girerò parte del ricavato da ABN su Royal Bank od Scotland una delle principali banche inglesi quotate a Londra ai prezzi che ci saranno sul mercato credo tra 5,2-5,4 sterline. La banca gira a buoni multipli poco sopra i valori di libro, circa 6% di dividendo, p/e di neanche 8 ed è anche una piccola porta per la Cina avendo in portafoglio una quota di Bank Of China, nel lungo non dovrebbe tradire.

Okkio che comprare a Londra costa non dimenticarsi che su tutti gli acquisti fatti sul mercato londinese oltre alle normali commissioni di negoziazioni si deve pagare la cosidetta Stamp Duty che è pari allo 0,5% del controvalore acquistato.


Ciaooooooooooo

 

[killer]

Oggi parte l'aumento di capitale...... aderirò.


Ciaooooooooo

 

[freemandoro]

Ciao Killer,
io ci sono entrato proprio stamattina,in apertura.
L'aumento di capitale quindi mi riguarda o no?
Grazie,ciao

 

[killer]

Ciao Killer,
io ci sono entrato proprio stamattina,in apertura.
L'aumento di capitale quindi mi riguarda o no?
Grazie,ciao

No le azioni che hai preso sono già senza diritto.

Ciaooooooo

 

[risparmier]

October 7 2008 22:32
The decision to press ahead with a state-sponsored recapitalisation of Britain’s banks was made after a day on which Royal Bank of Scotland became the latest UK lender to find itself in the market spotlight.
Shares in RBS plunged 39 per cent to 90p amid concerns that the bank faced a pressing need for fresh capital and that it might also face difficulties in accessing wholesale funding if the current freeze in the money markets persists. RBS shares closed at their lowest level for 15 years, valuing the bank’s shares at less than £15bn – little more than the £12bn it raised through a rights issue earlier this year.

Analysts were at a loss to explain the reason for the sharp drop, which was much greater than that experienced by Barclays and Lloyds TSB, which are also expected to participate in the government recapitalisation. “It seems strange that RBS has fallen more than Barclays but there is a vacuum of news,” said Alex Potter, analyst at Collins Stewart.
Despite its rights issue, RBS still has one of the lowest core Tier One ratios – a key measure of balance sheet strength – of the UK banks and had been hoping to sell its insurance division, which includes Direct Line to bolster its capital ratios. That sale has not yet materialised.
The drop also came a day after Standard & Poor’s, the rating agency, lowered RBS’s credit ratings. “A combination of mixed earnings prospects, deteriorating credit risk in its key geographies, and difficult market conditions in which to complete its capital transformation plan leaves RBS less well positioned than some of its major global peers,” S&P argued.
The cost of insuring RBS’s debt against default also increased as the markets discounted the increased possibility that the bank might run into difficulties.

Mike Trippett, an analyst at Oriel Securities, said: “It does appear that RBS’s fall today is almost fully discounting capital-raising to support both increased asset growth and balance sheet restoration.”

http://www.ft.com/cms/s/0/68ca2aa8-94a9-11dd-953e-000077b07658.html?nclick_check=1

http://www.businessweek.com/globalb...?chan=globalbiz_europe+index+page_top+stories

 

[risparmier]

December 2 , 2008
Royal Bank of Scotland, which came under government control yesterday after shareholders shunned its £15bn cash call, has got off to a bright start for its new owners.
The bank was the biggest riser in the FTSE 100, up 9.2p to 64p. At this rate the government, which paid 65.5p a share, could soon be in profit. The increase came as tracker funds topped up their holdings to take account of the greater number of shares in issue following the rights issue, and as Merrill Lynch issued a buy note with a 93p a share price target. Merrill said:

"The investment case for RBS rests on a view that it has the options and the appetite to restructure over the next year. Post this restructuring, we see a bank which has a low return on net asset value, but a healthy capital position, and, hopefully, a much more stable business model. We accept that the new business mix would be more UK focused, and might lack growth options, but we think that "phase 1" for [new chief executive Stephen] Hester must involve shrinking rather than growing.
"We think the ultimate risk for RBS is that economic conditions deteriorate to such an extent that full nationalisation is necessary, which in our view would leave little for private shareholders."

http://www.guardian.co.uk/business/...ec/02/royalbankofscotlandgroup-britishairways

Merrill Lynch ha riavviato la copertura su Royal Bank of Scotland con "Buy" ed un target price a 93 pence
​

 

[risparmier]

Wed Dec 10, 2008 12:25pm GMT

(Reuters) - Bank shareholders are at risk of further dilution, either from earnings pressure or further recapitalisations, and the bailout packages may deepen and prolong the recession by sending conflicting signals, Panmure Gordon & Co said.
More loan covenants will be breached, leading to more bankruptcies and more forced selling, putting more cash flows under pressure, the brokerage said in a note to clients.
...
Reiterating the brokerage's negative stance on the UK banks, the analyst said the sheer pace and scale of central bank rate cuts pointed to a global concern about deflation.
Chen expected stagnant top lines and falling asset prices with banks tightening their lending criteria and borrowers repaying their debt first while thinking about consumption and investment later.
The brokerage downgraded the Lloyds TSB-HBOS combine to "hold" from "buy" and maintained its "sell" rating on the other UK banks.
...
Panmure maintained 40 pence target on Royal Bank of Scotland Group (RBS.L: Quote, Profile) and 600 pence on Standard Chartered (STAN.L: Quote, Profile).

http://uk.reuters.com/article/businessNews/idUKTRE4B92OS20081210

 

[risparmier]

26-2-2009
Royal Bank of Scotland ha comunicato la più pesante perdita annuale nella storia delle società britanniche

http://www.nytimes.com/2009/02/27/business/worldbusiness/27rbos.html