Retail Banks OUGHT TO BE Ring-fenced, Says Commission

Media captionWatch: Sir John Vickers demands ‘retail ring-fence’ UK banking institutions’ retail procedures should be “ring-fenced” using their investment banking hands, the Independent Commission on Banking has recommended. However, in its interim survey the fee halted short of recommending the two should operate as split entities. It said more competition was needed in retail banking, including the sell-off of more Lloyds branches. The commission’s final recommendations will be released in September. The banking commission rate was setup by the federal government last June to examine UK banking institutions following the financial crisis. However, the national authorities is under no obligation to put into action its recommendations. Bank shares reacted positively to the report, with Barclays shares up 3.6% and Royal Bank or investment company of Scotland 3.2% higher by mid-afternoon trading.

They only had twelve months of negative cashflow in 2000. Although, for Real Estate stock, FFO than revenue are looked at rather, cash flow does count. Book Value went over the past 5 and a decade down. However, this should improve with the new account rules of IFRS.

Another thing that may improve, for any Real Estate, stock is cash flow. However, the Return on Equity because of this stock has been suprisingly low with a 5 12 months ROE of just 3.6%. (Remember that this is relatively low for a Real Estate company. In comparison, Canadian Real Estate has a 5 12 months median ROE of 12.9% and RioCan Real Estate has a 5 year median ROE of 9.9%. The ROE on this stock varies from 3.2% to 7.7% over the past 10 years.

Canadian Real Estate runs from 7.7% to 12.9% within the last a decade. RioCan range runs from 6.1% to 14.1% over the past 10 years. 3M of insider selling and small insider buying. All insiders but directors have lots more commodity than shares. I cannot find any given information on institutions holding this stock, so they probably do not. The existing Price/FFO Ratio is 18. Calendar year median low P/FFO is 10 and the high is 14 The 10, so this price looks a little high. Current distribution yield is 4.63% and the 5 12 months median is 5.45%, a distribution some 15% higher.

So by this measure the price is on the high part. When I take a look at analysts’ suggestions I find Strong Buy, Buy and Hold suggestions with the Buy being the consensus recommendation. The website Canadian Dividend Stock mentions this ongoing company as a high Canadian REIT. I am not personally interested in this stock as I already have RIOCAN and Canadian Real Estate Investment Trust REITs. First Capital Realty is Canada’s leading owner, operator and designer of supermarket and drugstore anchored community and community shopping malls, located mostly in growing metropolitan areas.

Its web site is here First Capital Realty. See my spreadsheet at fcr.htm. This blog is intended for educational purposes only, and is never to provide investment advice. Prior to making any investment decision, you should always do your own research or seek advice from an investment professional. See my website for stocks followed and investment notes. Follow me on twitter.

Mike Ashley is reflecting on his 12 years at Newcastle. I’m a negative to that football club,’ he says, without a hint of self-pity. It isn’t a key. I don’t feel sorry for myself. It really is if you ask me down, not Newcastle. I give myself one out of five in some aspects because I made proper mistakes, and football is not a very forgiving place.

  1. The last day to post Investment proofs will be intimated to you by your employer
  2. Mining industry
  3. 18 X 4 = 72
  4. Mortgage brokers are your loan guide
  5. You cannot execute a DCF when there is too much doubt
  6. 14 months ago from Keystone Heights, FL
  7. Merchandise trade deficit: 24.9% of GDP

I didn’t just shoot myself in the foot; I blew my own leg off. People would look at me and think I’d gone temporarily insane. They didn’t know what I used to be doing. Will I be there, first game of the season? What I don’t want is for it to be negative.

Why would I go if it causes the fans an issue? If I’m not there, maybe they can get behind Steve Bruce and can get on with it. That’s probably better. I don’t want visitors to think I’m which makes it worse. I don’t want people to be requesting how our players is capable of doing in these conditions. The reduced point for Ashley was a casino game at St James’ Park when the enthusiasts chanted his name. The Sunderland fans, in the away end, raucously celebrating a gain by performing “There’s only 1 Mike Ashley”. He winces. ‘That was an extremely difficult day,’ he provides. I could hear it and I’m considering, “Mike, this is bad. That is really, really bad”.