Jump to content
House Price Crash Forum
Sign in to follow this  
Democorruptcy

Rbs Down Another 7% And Falling

Recommended Posts

Do the government have to wait for queues outside, or is there a stop limit on the share price before they take the extra 16%?

If they had to take over RBS would they have to do Lloyds at the same time? Surely Lloyds would drop off a cliff so it would be BOGOF?

Share this post


Link to post
Share on other sites

Lloyds being the biggest UK mortgage lender.

Don't forget, as its value falls due to a cr*ppy share price it is legally obliged to bolster its cash reserves so that will result in less lending.

Share this post


Link to post
Share on other sites

On Sunday Vince Cable said the US downgrade will not cause problems like 2008 because it isn't a banking crisis.

It made me think of those TV programs they make a couple of years later where they show what happened and replay clips of who said what at the time.

Share this post


Link to post
Share on other sites

I think Osborne has to wait for instructions from Messrs Rothschild.

Is he back of his jollies yet?

Share this post


Link to post
Share on other sites

RBS down about 96% on the price I paid for them in 2006

That';s the worst 500 quid investment I ever made. It's so s**t it's funny :lol:

Royal Bank of Sh1t.

I'm amazed Her Majesty still allows them to use her assent. Silly woman.

That Spanish bloke from Santander that the BoE put in charge of Lloyds has been rubbish too.

Lloyds off 50% since April. Must be due a Knighthood!

http://stockcharts.com/h-sc/ui?s=LLOY.L&p=D&b=5&g=0&id=p69022848846

Edited by Red Knight

Share this post


Link to post
Share on other sites

RBS down about 96% on the price I paid for them in 2006

That';s the worst 500 quid investment I ever made. It's so s**t it's funny :lol:

A lot of long term staff were encouraged to put a chunk of their pay packet into RBS shares.. even as the crisis unfolded in 2008. Main source of saving wiped out for many.

Share this post


Link to post
Share on other sites

Do the government have to wait for queues outside, or is there a stop limit on the share price before they take the extra 16%?

If they had to take over RBS would they have to do Lloyds at the same time? Surely Lloyds would drop off a cliff so it would be BOGOF?

Iirc the shares were suspended at 11p last time.

Share this post


Link to post
Share on other sites

A lot of long term staff were encouraged to put a chunk of their pay packet into RBS shares.. even as the crisis unfolded in 2008. Main source of saving wiped out for many.

I was taken in with a few people saying "the bank shares go up by a bit more than the interest rates"....that was the last shares I ever bought.

I still have my allocation, they aren't worth selling.

Share this post


Link to post
Share on other sites

A lot of long term staff were encouraged to put a chunk of their pay packet into RBS shares.. even as the crisis unfolded in 2008. Main source of saving wiped out for many.

There were days where almost entire departments were all frantically calling up to open up share dealing accounts because they were 'cheap' as they dipped below one pound per share. A few were asked why exactly one pound was cheap and what logic/reasoning there was behding that ? The response from all was along the lines of 'They are so cheap they will go back up and I will make money'

One bloke persuaded his mum to put in £50k of her life savings. I do not think this was an isoltaed event.

Don't ask how I know this. ;)

Share this post


Link to post
Share on other sites

What can they do tho? The gov. already owns 90% ish of RBS. In sone ways is RBS not one of the safest bets??

Not if they take the other 10% too. Like northern rock and B&B. They will pay you £0.00 to take them off your hands.

Share this post


Link to post
Share on other sites

Weren't Lloyds one of the safer, more sensible banks before they were forced into marriage? Or have I remembered this wrong?

Share this post


Link to post
Share on other sites

There were days where almost entire departments were all frantically calling up to open up share dealing accounts because they were 'cheap' as they dipped below one pound per share. A few were asked why exactly one pound was cheap and what logic/reasoning there was behding that ? The response from all was along the lines of 'They are so cheap they will go back up and I will make money'

One bloke persuaded his mum to put in £50k of her life savings. I do not think this was an isoltaed event.

Don't ask how I know this. ;)

:o

Jesus.

Share this post


Link to post
Share on other sites

:o

Jesus.

There was one afternoon where literally nothing was done. Everyone was on the phone desperately trying to buy up as many of these cheap shares as they could. Classic shoe shine boy moment.

You won't find many of them telling other people about it today though...

Share this post


Link to post
Share on other sites

not for much longer. PArliament recalled for hte 11th

Thats good of them 1 day out of their 18 weeks or so, hope they get double time and a day off in lieu or many wont come in

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 338 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.