RBS shares: is it time to buy this FTSE 100 bargain?

first_img See all posts by Rupert Hargreaves Simply click below to discover how you can take advantage of this. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Image source: Getty Images. Enter Your Email Address Rupert Hargreaves owns no share mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. RBS (LSE: RBS) shares have plunged over the past four weeks. The stock, which has been struggling since the UK voted to leave the European Union in June 2016, has fallen 51% in 2020. By comparison, the FTSE 100 is off around 23% year-to-date. The question is, should investors make the most of this decline and snap up RBS shares today?5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Time to buy RBS shares?Investors have been avoiding RBS shares since the financial crisis. The bank, which is still majority-owned by the government after its bailout, has struggled to turn itself around.It looked as if this was starting to change last year. RBS reinstated its dividend for the first time since the crisis in 2018. Then in 2019, management announced the bank would pay a special dividend.RBS was planning another special payout in 2020. However, the coronavirus crisis has thrown the bank and its peers off course. Regulators have ordered UK banks to put their dividends on ice for the time being. This is to preserve capital and strengthen the banking system in these extraordinary times.The good news is, RBS is in a much stronger position today than when it needed a bailout in the financial crisis.RBS’s fully loaded common equity Tier 1 ratio, a measure of its highest-quality capital, was 16.2% at the end of the first quarter. The ratio was just 4.5% at the end of December 2007. In the 15 years before the crisis, analysts estimated the bank’s capital ratio rarely exceeded 5%.In other words, RBS’s balance sheet looks to be stronger today than it has been at any other point in the past 25 years.Undervalued stockThe above implies that the lender will survive the coronavirus crisis in one piece. With this being the case, RBS shares look cheap after recent declines. The stock is currently trading at a price-to-tangible book (P/TB) ratio of just 0.4. This suggests RBS shares offer a wide margin of safety at current levels.However, it’s unlikely the bank will escape the crisis unscathed. Regulators are asking financial institutions to offer customers payment holidays, as well as flexibility around loan terms. This will reduce interest income in the short term. Nevertheless, from a long-term perspective, it seems a sensible decision.Payment holidays might reduce the lender’s income in the short term, but most borrowers should be able to resume payments when the crisis is over. If lenders take a hard line and don’t offer payment holidays, borrowers might have to declare bankruptcy. That would substantially reduce the chances of the debt ever being repaid.As such, while RBS might suffer a drop in income over the next few weeks and months, as one of the largest lenders in the UK, the bank is well-positioned to make a functional recovery when economic growth picks up again.On that basis, RBS shares could be an attractive bargain investment. Their current valuation suggests the stock could rise by more than 100% from current levels when the crisis is over.For risk-tolerant investors, it could be worth taking a closer look at the bank.center_img Our 6 ‘Best Buys Now’ Shares RBS shares: is it time to buy this FTSE 100 bargain? Rupert Hargreaves | Thursday, 9th April, 2020 | More on: NWG “This Stock Could Be Like Buying Amazon in 1997” I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool.last_img read more

BA auctions Concorde tickets online for charity

first_imgBA auctions Concorde tickets online for charity Howard Lake | 19 October 2003 | News  29 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis British Airways is auctioning two Concorde tickets on eBay.co.uk and will donate the proceeds to charity.The tickets are for a flight from London Heathrow to New York on 22 October 2003, two days before Concorde is withdrawn from service.Ananova.com reports that the beneficiary charities will be UNICEF, Reading Is Fundamental, The Fred Rogers Fund and The Boys and Girls Club of America. With two hours to go before the auction closed the tickets had reached £19,440. Advertisement Tagged with: Digital Trading AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img read more

Recent Antarctic Peninsula warming relative to Holocene climate and ice shelf history

first_imgRapid warming over the past 50 years on the Antarctic Peninsula is associated with the collapse of a number of ice shelves and accelerating glacier mass loss1, 2, 3, 4, 5, 6, 7. In contrast, warming has been comparatively modest over West Antarctica and significant changes have not been observed over most of East Antarctica8, 9, suggesting that the ice-core palaeoclimate records available from these areas may not be representative of the climate history of the Antarctic Peninsula. Here we show that the Antarctic Peninsula experienced an early-Holocene warm period followed by stable temperatures, from about 9,200 to 2,500 years ago, that were similar to modern-day levels. Our temperature estimates are based on an ice-core record of deuterium variations from James Ross Island, off the northeastern tip of the Antarctic Peninsula. We find that the late-Holocene development of ice shelves near James Ross Island was coincident with pronounced cooling from 2,500 to 600 years ago. This cooling was part of a millennial-scale climate excursion with opposing anomalies on the eastern and western sides of the Antarctic Peninsula. Although warming of the northeastern Antarctic Peninsula began around 600 years ago, the high rate of warming over the past century is unusual (but not unprecedented) in the context of natural climate variability over the past two millennia. The connection shown here between past temperature and ice-shelf stability suggests that warming for several centuries rendered ice shelves on the northeastern Antarctic Peninsula vulnerable to collapse. Continued warming to temperatures that now exceed the stable conditions of most of the Holocene epoch is likely to cause ice-shelf instability to encroach farther southward along the Antarctic Peninsula.last_img read more