UK bank shares - how high will they go?
Discussion
Obviously we'd all be multi millionaires if we knew when shares bottom out and when they reach their peak, but what's the general consensus about UK bank shares?
Amongst others, I have RBS, Barclays, and Lloyds shares which have done tremendously well for me in the last few months. The question is, how high are they likely to go? And how long wil it take for them to get there? Will they ever get back to 2007 or 2008 levels? Should I sell now?
Yes, yes, I know I should consult an IFA not an online community of petrol snorters, but this is the Finance thread, right?
Amongst others, I have RBS, Barclays, and Lloyds shares which have done tremendously well for me in the last few months. The question is, how high are they likely to go? And how long wil it take for them to get there? Will they ever get back to 2007 or 2008 levels? Should I sell now?
Yes, yes, I know I should consult an IFA not an online community of petrol snorters, but this is the Finance thread, right?
I've got a fair few LBG and some RBS and I reckon there's still a bit of life left in them.
I read somewhere that RBS now have 4.5 times the number of shares they had a year ago. Not sure if this is true (help anybody ?) but if it is then this puts 50p per share into perspective and would also imply that there's no chance of them going back to say £5 a share.
LBG will go on a bit I would think but again I'm not sure how many shares are issued now in comparison to the past and of course there's HBOS to factor in and that is beyond my meagre abilities!
My mystic Meg answer is RBS=80p by the end of the year and LBG=£2.
(I'll be back to edit this crap so best quote me for a laugh later
)
I read somewhere that RBS now have 4.5 times the number of shares they had a year ago. Not sure if this is true (help anybody ?) but if it is then this puts 50p per share into perspective and would also imply that there's no chance of them going back to say £5 a share.
LBG will go on a bit I would think but again I'm not sure how many shares are issued now in comparison to the past and of course there's HBOS to factor in and that is beyond my meagre abilities!
My mystic Meg answer is RBS=80p by the end of the year and LBG=£2.
(I'll be back to edit this crap so best quote me for a laugh later
) Can anyon confirm what the Govt bought RBS at and also what 2 prices the Govt bought LHBOS for - in fact did the govt have a 2nd bite at RBS too??
Would be good to know as a tax payer when were finally back to parity and then moving forward how much "profit/debt clearing" the Govt could take.
Would be good to know as a tax payer when were finally back to parity and then moving forward how much "profit/debt clearing" the Govt could take.
Welshbeef said:
Can anyon confirm what the Govt bought RBS at and also what 2 prices the Govt bought LHBOS for - in fact did the govt have a 2nd bite at RBS too??
Would be good to know as a tax payer when were finally back to parity and then moving forward how much "profit/debt clearing" the Govt could take.
Complicated one to calculate, seeing as their preference debacle means they get paid back first before ordinary share holders get dividends. So instead, Lloyds and RBS are giving out extra shares in lieu of dividends. So for every 40 Lloyds shares, theres an extra one being issued. Thus, the volume of shares is increasing.Would be good to know as a tax payer when were finally back to parity and then moving forward how much "profit/debt clearing" the Govt could take.
it baffles the mind how rbs lasted..their like the rocky balboa of banks....their loaded up with overseas liabilities and the next wave of ninja mortgages is going to be as bad as subprime...
http://www.youtube.com/watch?v=t69-aqa3boQ
http://www.youtube.com/watch?v=t69-aqa3boQ
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