Democorruptcy Posted August 9, 2011 Share Posted August 9, 2011 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? Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted August 9, 2011 Share Posted August 9, 2011 In the current climate it's hard to see how RBS / Lloyds will survive. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted August 9, 2011 Share Posted August 9, 2011 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. Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted August 9, 2011 Author Share Posted August 9, 2011 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. Quote Link to comment Share on other sites More sharing options...
R K Posted August 9, 2011 Share Posted August 9, 2011 I think Osborne has to wait for instructions from Messrs Rothschild. Is he back of his jollies yet? Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted August 9, 2011 Author Share Posted August 9, 2011 24.4p -10.34% Their insurance businesses such as Direct Line must be taking a hit today "Nurse..... I cannot find a pulse" Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted August 9, 2011 Share Posted August 9, 2011 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 Quote Link to comment Share on other sites More sharing options...
R K Posted August 9, 2011 Share Posted August 9, 2011 (edited) 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 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 August 9, 2011 by Red Knight Quote Link to comment Share on other sites More sharing options...
fluffy666 Posted August 9, 2011 Share Posted August 9, 2011 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 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. Quote Link to comment Share on other sites More sharing options...
Pent Up Posted August 9, 2011 Share Posted August 9, 2011 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. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted August 9, 2011 Share Posted August 9, 2011 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. Quote Link to comment Share on other sites More sharing options...
hedgefunded Posted August 9, 2011 Share Posted August 9, 2011 Massive buying opportunity IMHO. Mind you, I genuinely know nothing. Quote Link to comment Share on other sites More sharing options...
Mr 0.01% Posted August 9, 2011 Share Posted August 9, 2011 What can they do tho? The gov. already owns 90% ish of RBS. In sone ways is RBS not one of the safest bets?? Quote Link to comment Share on other sites More sharing options...
ccc Posted August 9, 2011 Share Posted August 9, 2011 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. Quote Link to comment Share on other sites More sharing options...
Pent Up Posted August 9, 2011 Share Posted August 9, 2011 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. Quote Link to comment Share on other sites More sharing options...
tinker Posted August 9, 2011 Share Posted August 9, 2011 Weren't Lloyds one of the safer, more sensible banks before they were forced into marriage? Or have I remembered this wrong? Quote Link to comment Share on other sites More sharing options...
50sQuiff Posted August 9, 2011 Share Posted August 9, 2011 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. Jesus. Quote Link to comment Share on other sites More sharing options...
ccc Posted August 9, 2011 Share Posted August 9, 2011 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... Quote Link to comment Share on other sites More sharing options...
kilroy Posted August 9, 2011 Share Posted August 9, 2011 quite.is it me or are they all on f****** holiday. not for much longer. PArliament recalled for hte 11th Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted August 9, 2011 Share Posted August 9, 2011 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. Which is what they should have paid for the 90%. Quote Link to comment Share on other sites More sharing options...
papag Posted August 9, 2011 Share Posted August 9, 2011 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 Quote Link to comment Share on other sites More sharing options...
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