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The Royal Bank of Scotland Group plc Message Board

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  • rexobXIP rexobXIP Aug 27, 2009 3:27 PM Flag

    Preferred Buying Opportunity?

    Yes, and further deterioration into the close.

    Hope some buyers step up.

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    • The term "buying opportunity" is just putting lipstick on a pig. Not that I think the preferreds are pigs, they're going through an ugly phase. Why doesn't management issue a press release if the situation is not so bad?

      • 1 Reply to randynva
      • I was just talking to someone about this and their answer was "because the government probably told them not to say anything" leading me to believe there is a real risk of dividend suspension.

        Look, I hold over 5000 shares and it is most of my net worth on paper - lost 35% of it in the past 2 weeks due to the Fitch downgrade and the subsequent sell offs. RBS' initial response was to declare to Q3 dividend, and then there was a second sell off this week that has started to accelerate. If RBS had confidence in their ability to pay they would make an announcement, the only thing that would stop them from doing so is the EU.

        The risk is real and I think it is greater than many have speculated.

    • ""what's the last date to buy the RBS prefs to catch the 3Q dividend? ""

      i think ABN ex dividend day will be about 9/25, as it was 6/25 on last divi....

      "are paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record one business day prior to the payment date."

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