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Guest muttley

Which Bank?

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Guest muttley

Ok.If the UK population is going to shackle itself to mortgages for th rest of their lives,which bank should we be guying shares in?

I'm undecided between HSBC an RBS.

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Ok.If the UK population is going to shackle itself to mortgages for th rest of their lives,which bank should we be guying shares in?

I'm undecided between HSBC an RBS.

don't buy banks, during the last credit implosion (1929) banks failed at a rate of 60 per month !

HSBC though as they have a very large international presence all across the world. And acording to my housemate who works for them they didn't go crazy in the consumer finance boom.

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don't buy banks, during the last credit implosion (1929) banks failed at a rate of 60 per month !

HSBC though as they have a very large international presence all across the world. And acording to my housemate who works for them they didn't go crazy in the consumer finance boom.

Doesn't Lloyds have a div yeild of over 6%? i'd go for that IMHO

Edited by mescalinemonkey

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Doesn't Lloyds have a div yeild of over 6%? i'd go for that IMHO

up 5% today on your recommendation, better than a newspaper tipster :lol:

Lloyds is far more UK focused than any of the other top banks, probably why it's share price is more in the value territory (or it was when it was under 450 last year). Perennial take-over talk keeps boosting the price, for it to fall back when nothing happens.

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RBS is the cheapest bank, currently on p/e of about 10, compared to 13 for HSBC. RBS has underperformed the FTSE for years, despite having better growth and less exposure to consumer slowdown than other banks.. one of the market's anomalies.

IMO, they're all pretty much of a muchness, so buy two or three and you shouldn't do too much different from the entire sector.

Banks very strong today, pushing the FTSE up. Rumours doing the rounds that Buffett is building a stake in LLOY (but they're just rumours for now).

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RBS is the cheapest bank, currently on p/e of about 10, compared to 13 for HSBC. RBS has underperformed the FTSE for years, despite having better growth and less exposure to consumer slowdown than other banks.. one of the market's anomalies.

IMO, they're all pretty much of a muchness, so buy two or three and you shouldn't do too much different from the entire sector.

Banks very strong today, pushing the FTSE up. Rumours doing the rounds that Buffett is building a stake in LLOY (but they're just rumours for now).

Correct--a true anomaly or what investors might call a "Value" bet. Warren Buffet is keen on value that is why he does not think much of houses as investments at this stage of the cycyle.

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Guest muttley

Doesn't Lloyds have a div yeild of over 6%? i'd go for that IMHO

What other stocks should I buy,o wise one?

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What other stocks should I buy,o wise one?

Vodafone is interesting imo! Read up on it first though!

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Vodafone is interesting imo! Read up on it first though!

Possibly Accuma (ACG) on a dip, P/E is lower than others in the sector, some pension funds have been buying it recently which gives it credibility. Unfortunately it has been tipped since i bought it in both investors chronicle and the daily mail (probably a kiss of death :ph34r: ). Bought some start of November at 170p currently trading around 240 :D , i'm tempted to buy more.

New IVA case numbers

Accuma's run rate has increased significantly over the past year as shown below:

New IVAs Monthly Case Run Rate

2004 2005

3 months to March 20 37

3 months to June 31 84

3 months to September 50 126

3 months to December 47 186

The above figures show a threefold increase in our case run rate year on year

and a fourfold increase in the last quarter.

The Group is now profitable and has increased its future contracted revenue from

£5.4m at the end of July 2005 to £11.1m at the end of December 2005. This

revenue will have a significant positive effect on the profitability of the

Group as supervisory fees have an average 80% gross profit margin.

Market continues strong growth

The IVA market continues to grow at a significant pace with 2005 year on year

growth expected to show a near doubling of the 10,752 IVAs registered in 2004.

With nearly 2,500 IVAs registered in November 2005 alone, it is predicted that

2006 will see this growth continue.

Consumer debt now stands at £1.14 trillion. £192 billion of which is unsecured

with £56 billion outstanding on credit cards. Unsecured debt is forecast to

increase to over £200 billion in 2006 with a further 5-7% annual growth over the

next five years.

Recent commentary would support the forecast growth in consumer credit and the

IVA market. A You Gov poll in July 2005 reported that nearly 80% of an average

family's take home pay is required to meet living expenses.

The Bank of England's Financial Stability Review (June 05) indicated that

household debt averages 150% of annual net income (up from 100% in 1998) and

that it is likely that debt will continue to increase more rapidly than income

over the next few years.

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Vodafone is interesting imo! Read up on it first though!

Vodafone is the whipping boy of the market at the moment.

Institutional investors are getting personal with the CEO and throwing their weight around.

The company has an enormous cash flow and good dividend, and a P/E of 10.9

But if you're in the City's bad books, your shares remain discounted for a while (true of RBS too)

Edited by tonification

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Banks ??

I'd put the money into Bankruptcy related companies instead !!

Agreed. IMO investing in banks at the moment looks a risky low reward place to park your cash.

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  • 335 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% +
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      • Even
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