Market's view on Natwest
Published on April 2024
- NatWest Group plc has issued a supplementary prospectus.
- There are speculations about an early general election in the UK, potentially affecting stock market forecasts and betting odds.
- NatWest Group’s off-market share purchase represents 4.95% of its issued ordinary share capital.
- There is discussion on the percentage of shares involved in a potential buyback, with calculations and implications explored.
- The possibility of a directed buyback of up to 15% of shares is considered exciting.
- The UK government continues to sell its shares in NatWest Group, with recent disposals bringing its stake to 27.93%.
- Anticipations of an increase in stock price and new broker upgrades are discussed once the government’s share sale is clarified.
- NatWest Group’s recent financial results show lower-than-expected impairments at £93m, with overall strong results described by the bank’s CEO.
- Price action is closely monitored, with significant levels noted at 313.10, indicating potential bullish behaviour.
- A directed buyback at current price levels is viewed favourably.
- The influence of buybacks and government sales on stock price is highlighted over other factors like quarterly results.
- NatWest Group has recently reported a 12.7% decrease in revenue, with an EPS of 10p.