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On Monday, 19 January 2009, a date previously known as Blue Monday, British banking shares collapsed in a rout of selling after Royal Bank of Scotland (RBS) announced the biggest corporate losses in British history. The shares fell over 67% in a single day. Shares in all other British banks suffered heavy losses.
LONDON -- Since the beginning of the year, shares in Royal Bank of Scotland have risen 13%. In the last three months, the shares are up 32%. Go back six months, and RBS shares have increased 72%.
In 2012 RBS shares were consolidated on a 1 for 10 basis. The Stock has not recovered from the financial shock of early 2009 and is currently at 316 pence (30 October 2015.) This equated to a price of just 31.6 pence per pre-consolidation share.
The average price per share paid by the Treasury was 499 pence, after receiving income from redeeming the preference shares. In August 2015 the UK government began the process of selling its RBS shares. It sold a 5.4% stake at an average of 330p per share. This brought its shareholding down to 72.9%.
Consensus estimates are for RBS to report 28.1 pence of earnings per share for 2013, to be followed by 36.5 pence for 2013. A simple analysis suggests that RBS could end 2014 with 500 pence of ...
RBS' share price has enjoyed a turnaround since July, rising 30% to today's price of around 26 pence (that's what happens when you invest in volatile penny shares!). That's still roughly half what ...
If shareholder take-up of the share issue was 0%, then total government ownership in RBS would be 58%; and, if shareholder take-up was 100%, then total government ownership in RBS would be 0%. [32] Less than 56 million new shares were taken up by investors, or 0.24pc of the total offered by RBS in October 2008.
Shares in Lloyds <LLOY.L> and Royal Bank of Scotland <RBS.L> tumbled on Tuesday after failing to impress in the 2019 stress test of Britain's biggest banks, while new capital rules are expected to ...