Royal Bank of Scotland PLC

RBS-N

NYSE:RBS

2.78
0.17 (5.61%)
The Royal Bank of Scotland Group plc is a British banking and insurance holding company, based in Edinburgh, Scotland.
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Analysis and Opinions about RBS-N

Signal
Opinion
Expert
WATCH
WATCH
August 16, 2019
Has been badly beaten up recently. Has been watching it for 10 years. If Brexit happens, these are the names that will be sold at a discount and could be a good chance to snap up.
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Has been badly beaten up recently. Has been watching it for 10 years. If Brexit happens, these are the names that will be sold at a discount and could be a good chance to snap up.
COMMENT
COMMENT
September 16, 2014

(Market Call Minute.) In 2 day’s time, you will know if it has to relocate to London. The big thing is 1) the UK government is going to be selling shares and 2) will be selling its Citizens financial US bank. After the referendum this will be a Buy, if you are comfortable with UK government selling its shares later.

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(Market Call Minute.) In 2 day’s time, you will know if it has to relocate to London. The big thing is 1) the UK government is going to be selling shares and 2) will be selling its Citizens financial US bank. After the referendum this will be a Buy, if you are comfortable with UK government selling its shares later.

COMMENT
COMMENT
April 16, 2014

Banking system took a terrible shellacking 5 years ago and is still recovering today. It’s not over yet. This one took it on the chin because it was one of the aggressive banks going into the meltdown. If you are patient enough, a rising tide lifts all boats, but when there is a lot of damage is sometimes takes them longer. You have to ask yourself is it more of an opportunity lost not to redeploy the capital and wait than it is to get into something that has a four-wheel-drive going right now. (See Top Picks.)

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Banking system took a terrible shellacking 5 years ago and is still recovering today. It’s not over yet. This one took it on the chin because it was one of the aggressive banks going into the meltdown. If you are patient enough, a rising tide lifts all boats, but when there is a lot of damage is sometimes takes them longer. You have to ask yourself is it more of an opportunity lost not to redeploy the capital and wait than it is to get into something that has a four-wheel-drive going right now. (See Top Picks.)

COMMENT
COMMENT
April 9, 2014

Probably his least favourite company. New CEO is trying to make it a smaller bank and focus the business and has a significant task in order to succeed. Impressed enough that he would take a 2nd look at this bank. It still has a very strong franchise and is potentially a good bank. When looking at the opportunities in the UK, he would rather play it through Hundles (?) Bank because they are growing by 40%.

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Probably his least favourite company. New CEO is trying to make it a smaller bank and focus the business and has a significant task in order to succeed. Impressed enough that he would take a 2nd look at this bank. It still has a very strong franchise and is potentially a good bank. When looking at the opportunities in the UK, he would rather play it through Hundles (?) Bank because they are growing by 40%.

SPECULATIVE BUY
SPECULATIVE BUY
March 6, 2014

It is a little troubled. It is a very high risk trade.

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It is a little troubled. It is a very high risk trade.

WATCH
WATCH
January 30, 2014

Got hit during the global financial crisis. Ultimately the British government took a big stake in this. The UK actually went into a hole about a year after, so the UK recovery process is quite a bit behind the US. An increase in interest rates will actually increase employment for the UK. Thinks British banks in general are a little ahead of themselves. A reinstatement of a dividend would really cause these companies to move higher. A sector to watch, but valuations are a little rich right now.

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Got hit during the global financial crisis. Ultimately the British government took a big stake in this. The UK actually went into a hole about a year after, so the UK recovery process is quite a bit behind the US. An increase in interest rates will actually increase employment for the UK. Thinks British banks in general are a little ahead of themselves. A reinstatement of a dividend would really cause these companies to move higher. A sector to watch, but valuations are a little rich right now.

DON'T BUY
DON'T BUY
February 24, 2012
UK Government just forced new CEO to give back his 1,000,000 pounds bonus, which was in stocks. European banks are not something you should be investing in.
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UK Government just forced new CEO to give back his 1,000,000 pounds bonus, which was in stocks. European banks are not something you should be investing in.
DON'T BUY
DON'T BUY
February 7, 2011
Was a highly levered bank in England but the leverage stopped working. English government owns a big whack and until they get out this won’t trade like a regular security. (See Top Picks.)
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Was a highly levered bank in England but the leverage stopped working. English government owns a big whack and until they get out this won’t trade like a regular security. (See Top Picks.)
DON'T BUY
DON'T BUY
September 23, 2010
Not sure why they have cancelled the dividend. If you're going to own a bank in the UK, you'd be better off with Lloyds (LYG-N) or Barclays (BCS-N) who have better growth prospects.
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Not sure why they have cancelled the dividend. If you're going to own a bank in the UK, you'd be better off with Lloyds (LYG-N) or Barclays (BCS-N) who have better growth prospects.
DON'T BUY
DON'T BUY
September 24, 2009
50 day moving average is very compressed against the 200 and the momentum seems to be falling. Chart looks pretty flat and is not something that would excite him.
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50 day moving average is very compressed against the 200 and the momentum seems to be falling. Chart looks pretty flat and is not something that would excite him.
SELL
SELL
January 29, 2009
Very good assets but in a depressed market it will be hard to sell them off. If it is able to it has great retail franchises in the UK and US. Will probably have a pop in the current upbeat environment. Would sell at that point.
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Very good assets but in a depressed market it will be hard to sell them off. If it is able to it has great retail franchises in the UK and US. Will probably have a pop in the current upbeat environment. Would sell at that point.
PAST TOP PICK
PAST TOP PICK
December 29, 2008
(A Top Pick Dec 6/07. Down 88%.) Overpaid on the ABN Amro acquisition. Sold most of his holdings.
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(A Top Pick Dec 6/07. Down 88%.) Overpaid on the ABN Amro acquisition. Sold most of his holdings.
COMMENT
COMMENT
December 10, 2008
Will be getting capital from Bank of England. This has been a disappointing situation. The UK banking sector in general has suffered because of the poor mortgage situation. The silver lining is that it is trading at a very low multiple. Very diverse mix of business.
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Will be getting capital from Bank of England. This has been a disappointing situation. The UK banking sector in general has suffered because of the poor mortgage situation. The silver lining is that it is trading at a very low multiple. Very diverse mix of business.
DON'T BUY
DON'T BUY
September 16, 2008
Not paying cash dividends but is paying with more shares. Think they have more to swallow from the ABN acquisition.
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Not paying cash dividends but is paying with more shares. Think they have more to swallow from the ABN acquisition.
DON'T BUY
DON'T BUY
April 23, 2008
News came out yesterday that there were large write-downs and they were planning on issuing billions of dollars of new shares. Dividends will be in shares as opposed to cash. This will create a huge dilution effect at a time when loan loss provisions continue to rise.
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News came out yesterday that there were large write-downs and they were planning on issuing billions of dollars of new shares. Dividends will be in shares as opposed to cash. This will create a huge dilution effect at a time when loan loss provisions continue to rise.
PAST TOP PICK
PAST TOP PICK
March 18, 2008
Then 670.00 GBP Down 48%. Guilty by association. Big issue is the ABN acquisition, which he doesn't like. Sold some and wishes he had sold it all.
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Then 670.00 GBP Down 48%. Guilty by association. Big issue is the ABN acquisition, which he doesn't like. Sold some and wishes he had sold it all.
HOLD
HOLD
March 17, 2008
One of the more solvent banks. Balance sheet in alright space. Yield is around 7.3%. Keep your eye on it.
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One of the more solvent banks. Balance sheet in alright space. Yield is around 7.3%. Keep your eye on it.
BUY
BUY
February 22, 2008
Full-service bank. Very content with the company. Price has been beaten up quite badly. As far as he can make out, they were not major participants in the sub prime loans.
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Full-service bank. Very content with the company. Price has been beaten up quite badly. As far as he can make out, they were not major participants in the sub prime loans.
BUY
BUY
January 24, 2008
Sold his holdings last summer. Trades at a ridiculous multiple of 5X earnings, below book. Think the yield will be cut. If you have a long time horizon, this is a great company. Has great franchises in the US and UK. Have done some very good things, which will help the stock out in the long run.
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Sold his holdings last summer. Trades at a ridiculous multiple of 5X earnings, below book. Think the yield will be cut. If you have a long time horizon, this is a great company. Has great franchises in the US and UK. Have done some very good things, which will help the stock out in the long run.
DON'T BUY
DON'T BUY
December 13, 2007
Sold his holdings because of the sub prime problems. Did keep his Canadian bank stocks. Banks don't know the actual risk they have on their books because it's a moving target. Difficulty is the negative momentum that is pushing bank stocks down. Wait.
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Sold his holdings because of the sub prime problems. Did keep his Canadian bank stocks. Banks don't know the actual risk they have on their books because it's a moving target. Difficulty is the negative momentum that is pushing bank stocks down. Wait.
BUY
BUY
December 6, 2007
Earnings just came out and were quite good given that they had huge write-downs on the sub prime mess. Their ABN Amro acquisition is going to turn out very well for them. Yielding about 6.75%. Lots of growth potential ahead of it.
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Earnings just came out and were quite good given that they had huge write-downs on the sub prime mess. Their ABN Amro acquisition is going to turn out very well for them. Yielding about 6.75%. Lots of growth potential ahead of it.
TOP PICK
TOP PICK
December 6, 2007
Has been a Top Pick before but hasn't worked out but he is sticking with it. Just gave an outlook for their earnings and their CDO exposure and sub prime were much lower than expected. Historically has grown 15% a year. Their ADN acquisition is already ahead of expectations.
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Has been a Top Pick before but hasn't worked out but he is sticking with it. Just gave an outlook for their earnings and their CDO exposure and sub prime were much lower than expected. Historically has grown 15% a year. Their ADN acquisition is already ahead of expectations.
DON'T BUY
DON'T BUY
November 14, 2007
Would avoid global as well as US financials until there is some clarity as to who owns what. Could potentially be tied into subprime issues. 6.8% is a record high yield, which is an indication there is a crisis going on.
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Would avoid global as well as US financials until there is some clarity as to who owns what. Could potentially be tied into subprime issues. 6.8% is a record high yield, which is an indication there is a crisis going on.
COMMENT
COMMENT
September 27, 2007
Sold his holdings recently because he found other opportunities in the financial sector. A good company and trades at a very cheap multiple with about a 5% yield.
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Sold his holdings recently because he found other opportunities in the financial sector. A good company and trades at a very cheap multiple with about a 5% yield.
BUY
BUY
August 16, 2007
Very cheap. Doesn't own it because he has 2 other foreign banks in his portfolio. Has a good yield.
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Very cheap. Doesn't own it because he has 2 other foreign banks in his portfolio. Has a good yield.
BUY
BUY
August 13, 2007
Banks around the world have been aggressively sold off. Has also been impacted by their bid on ABN AMRO against Barclays (BCS-N). Very cheap.
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Banks around the world have been aggressively sold off. Has also been impacted by their bid on ABN AMRO against Barclays (BCS-N). Very cheap.
PAST TOP PICK
PAST TOP PICK
July 19, 2007
(A Top Pick June 14/06. Up 10%.) Relative to the Canadian banks, it trades at a lower multiple. Now in the midst of buying the US La Salle bank. Still a Buy.
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(A Top Pick June 14/06. Up 10%.) Relative to the Canadian banks, it trades at a lower multiple. Now in the midst of buying the US La Salle bank. Still a Buy.
BUY
BUY
July 12, 2007
Has had a negative feel with many investors and he's not sure why. Recently announced they are joining a consortium to take over a Dutch bank. That would be a great fit for them. Well-run and it's totally integrated.
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Has had a negative feel with many investors and he's not sure why. Recently announced they are joining a consortium to take over a Dutch bank. That would be a great fit for them. Well-run and it's totally integrated.
PAST TOP PICK
PAST TOP PICK
June 28, 2007
From June 30th 2006 Still holding. They've got a strong franchise.
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From June 30th 2006 Still holding. They've got a strong franchise.
BUY
BUY
June 6, 2007
Fundamentals are very strong. Are trying to buy the La Salle bank in America which is giving it some problems, but a very good stock to hold.
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Fundamentals are very strong. Are trying to buy the La Salle bank in America which is giving it some problems, but a very good stock to hold.
PAST TOP PICK
PAST TOP PICK
May 17, 2007
(A Top Pick June 14/06. Up 13%.) Dividend of about 4.5%. Trades at 9 X earnings versus Canadian banks at 15 X. still a Buy.
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(A Top Pick June 14/06. Up 13%.) Dividend of about 4.5%. Trades at 9 X earnings versus Canadian banks at 15 X. still a Buy.
PAST TOP PICK
PAST TOP PICK
April 23, 2007
(A Top Pick Apr 18/06. Up 11%.) An undervalued stock. 5% yield. Have some very solid businesses in the UK. Trades at about 10 X earnings and 1.5 X Book. Two good assets in the US. Great growth potential.
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(A Top Pick Apr 18/06. Up 11%.) An undervalued stock. 5% yield. Have some very solid businesses in the UK. Trades at about 10 X earnings and 1.5 X Book. Two good assets in the US. Great growth potential.
PAST TOP PICK
PAST TOP PICK
March 16, 2007
(A Top Pick March 30/06. Up 5%.) Still likes it. Large portion of their business is in the US. This hurt the stock, but doesn't feel they have a large exposure to the sub-prime mortgage market. A good buying opportunity.
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(A Top Pick March 30/06. Up 5%.) Still likes it. Large portion of their business is in the US. This hurt the stock, but doesn't feel they have a large exposure to the sub-prime mortgage market. A good buying opportunity.
BUY
BUY
March 1, 2007
Yield is around 4%. Fantastic operators in terms of their cost structure. Good ability to make accretive acquisitions.
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Yield is around 4%. Fantastic operators in terms of their cost structure. Good ability to make accretive acquisitions.
TOP PICK
TOP PICK
February 28, 2007
Consistently grown their earnings between 10% and 15% over the last 5 or 6 years. Trades at 9 X earnings with 15% growth.
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Consistently grown their earnings between 10% and 15% over the last 5 or 6 years. Trades at 9 X earnings with 15% growth.
PAST TOP PICK
PAST TOP PICK
February 5, 2007
(A Top Pick Feb 23/06. Up 12%.)
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(A Top Pick Feb 23/06. Up 12%.)
COMMENT
COMMENT
January 23, 2007
This is a stock you want to buy when it has a very attractive dividend yield. A market leading blue chip company.
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This is a stock you want to buy when it has a very attractive dividend yield. A market leading blue chip company.
TOP PICK
TOP PICK
January 15, 2007
(A Top Pick Aug 22/06. Up 16%.) Trades at a discount and low multiple compared to continental European banks and North American banks. Very solid company with a great retail franchise. Almost 4.5% yield.
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(A Top Pick Aug 22/06. Up 16%.) Trades at a discount and low multiple compared to continental European banks and North American banks. Very solid company with a great retail franchise. Almost 4.5% yield.
BUY
BUY
January 9, 2007
When a bank gets to this size, organic growth becomes increasingly difficult, however this is arguably the best bank in this lot. Fantastic allocators of capital. Dividend yield is getting close to 4%.
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When a bank gets to this size, organic growth becomes increasingly difficult, however this is arguably the best bank in this lot. Fantastic allocators of capital. Dividend yield is getting close to 4%.
PAST TOP PICK
PAST TOP PICK
December 19, 2006
(A Top Pick Sept 5/06. Up 9%.) Trades at 10.5 X versus Canadian banks at 14 or 15 X’s.
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(A Top Pick Sept 5/06. Up 9%.) Trades at 10.5 X versus Canadian banks at 14 or 15 X’s.
TOP PICK
TOP PICK
December 13, 2006
15% growth per annum over the last 5 years. An unloved stock in the UK.
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