It was only a question of when one of the government owned banks in the UK would announce some good news, and today was that day. The Lloyds Banking Group today announced that it expected to make a full-year profit in 2010. Unsurprisingly, its shares have jumped ~8% to 60p on the news. RBS shares […]
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RBS Results
February 25, 2010 
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RBS announced its full-year 2009 results today which were significantly better than expected by the consensus opinion. They lost £3.6billion vs the average view that they would lose £5billion. This may still sound awful, but underneath the headline figures it is obvious that significant improvements are being made. Stephen Hester has also made the bold […]
Continue readingWhy I am Buying RBS
February 9, 2010 0 Comments
One advantage of the ‘Credit Crunch’ or the ‘Banking Crisis’ is that many banks are seriously out of favour with investors, both institutional and individual. RBS has been one of the heaviest hit thanks to media hysteria and clumsy government intervention. RBS was also the victim of very aggressive shorting by hedge funds and others […]
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Alistair Milne 