So the share consolidation I believe was 14 old shares will give you 13 new shares and the special dividend. So your original 98 ÷ 14 = 7 then × 13 = 91. Theoretocally the special dividend would allow you to make up any consolidated shares. You should have received just short of £20 in dividends today which would allow you to buy back the 7 shares (dependant on todays prices). I believe they have basically reduced the number of shares available, so after the dividend you can own slightly more of the company.
update, I sold my shares, made a profit, bought another company, then decided to buy some more Natwest shares. Must be a good thing as already made a “paper” profit
That’s was a sudden drop! Anyone got any news on why?
NatWest profits climb to £1.34bn despite customer jitters
Shame the share price has plummeted instead of climbing as well!
Yes the stock market can be the most irrational thing on the planet some times.
Thoughts on this after the news on the government selling their stake?
I hadn’t realised until recently that the taxpayers’ stake was still so large.
The article below from the FT was an interesting read on the weekend.
The journalist describes it as vicious circle because the market knows the stake will eventually be sold, flooding supply, so it subdues the value of the stock.
Natwest CEO resigns
Seems justified. Can’t see a scenario where leaking info about individual customers ends well, especially for political reasons.
Leaking information was a silly thing to do, but it wasn’t for political reasons that the decision to close Farage’s account was made.
The politics stuff was raised by Farage himself, as he obviously saw another grifting opportunity.
““We acknowledge that the information we reported - that Coutts’ decision on Mr Farage’s account did not involve considerations about his political views - turned out not to be accurate and have apologised to Mr Farage,” the BBC said in the corrections and clarifications section of its website.”
But sure, no doubt he’ll be milking it for mileage on other agendas.
Your last post simply confirms what I said.
And yes indeed, Farage will indeed milk the situation for all it’s worth. He is the most negative and malign influence on our politics and economic well-being. And his funding is highly suspect too.
But yes, foodbanks all over, and it’s this bank issue that gets all the attention from the media and especially this govt.
Who else is shocked by this? grifter going to grift!!!
Was never about being bebanked
It wouldn’t be a bad bet, NatWest were in the wrong, someone shared details of customers. That’s a big no no. It was likely to take a small temporary hit
It’ll be old news quickly. Topped up at these prices. avg now at -£1.81 a share.