Royal Bank (Symbol-RY)

Discuss your favourite picks, broker, and trading or investment style.

Re: Royal Bank (Symbol-RY)

Postby mpav » 22 Jun 2012 13:28

This will likely have no impact....

Since it was annouced it was underreview their funding and price at which they issue debt has not changed. They still are ranked as strong or stronger than other banks....plus it really just gets Moody's in line with hte other rating agencies.

If you think hard enough this actually may be a positive, as the other big banks took a hit, which may make RBC a much better counterparty....
mpav
Silver Ring
Silver Ring
 
Posts: 529
Joined: 12 Jul 2007 13:30
Location: Toronto/Croatia

Re: Royal Bank (Symbol-RY)

Postby skepticus » 18 Oct 2012 10:12

Royal Bank says it will soon start repurchasing up to 30 million of its common shares. How will this affect the price of the stock now, and during the repurchase?

TORONTO, Oct. 12, 2012 /CNW/ - Royal Bank of Canada (TSX: RY) (NYSE: RY) today announced its intention, subject to the approval of the Office of the Superintendent of Financial Institutions (OSFI) and the Toronto Stock Exchange, to commence a normal course issuer bid through the facilities of the Toronto Stock Exchange and to repurchase for cancellation up to 30 million of its common shares, representing approximately 2.1 per cent of the bank's outstanding common shares as at September 28, 2012. On September 28, 2012, there were 1,444,700,692 common shares outstanding. The bank intends to file a notice of intention with the Toronto Stock Exchange in this regard.
User avatar
skepticus
Silver Ring
Silver Ring
 
Posts: 858
Joined: 21 Jul 2006 06:54

Re: Royal Bank (Symbol-RY)

Postby tidal » 18 Oct 2012 11:02

skepticus wrote:Royal Bank says it will soon start repurchasing up to 30 million of its common shares. How will this affect the price of the stock now, and during the repurchase?
TORONTO, Oct. 12, 2012 /CNW/ - Royal Bank of Canada (TSX: RY) (NYSE: RY) today announced its intention, subject to the approval of the Office of the Superintendent of Financial Institutions (OSFI) and the Toronto Stock Exchange, to commence a normal course issuer bid through the facilities of the Toronto Stock Exchange and to repurchase for cancellation up to 30 million of its common shares, representing approximately 2.1 per cent of the bank's outstanding common shares as at September 28, 2012. On September 28, 2012, there were 1,444,700,692 common shares outstanding. The bank intends to file a notice of intention with the Toronto Stock Exchange in this regard.
If it is like most years, it will mean that existing shareholders will be diluted, after all is said and done.

All the big Canadian banks announce a similar repurchase program every year, and are required to announce them if they contemplate making them. But you can look at the annual reports. Most of them are in net issuance over time, in spite of whatever repurchases are undertaken...

Edit add: Here are the common share counts ('000's) for RBC the last few years. There were similar (maybe even identical) share repurchase agreements in place every year, as far as I know... Note, especially, that when the shares got hammered in the 2008-2009 timeframes, the share counts went up, not down...

2007 1,276,260
2008 1,341,260
2009 1,417,610
2010 1,424,922
2011 1,438,376

This is pretty par for the course for most companies that announce share repurchase programs... A few, like BRK.A, mean it when they say it... subject to pricing, of course...
The future is bright for jellyfish, caulerpa taxifolia, dinoflagellates and prokaryotes... rust never sleeps... the dude abides... the stupid, it burns. (http://bit.ly/LXZsXd)
User avatar
tidal
Gold Ring
Gold Ring
 
Posts: 3009
Joined: 28 Jul 2006 10:56
Location: Toronto

Re: Royal Bank (Symbol-RY)

Postby A1Stocktrader » 14 Jun 2013 06:32

Anyone else been shorting RY as of late day trading? I have. Looking forward to banks selling off. Economy is in a mess despite what Fraud Street pumps. Had fast fun shorting RY near the close yesterday, in and out for 20 cent swing down.
A1Stocktrader
Silver Ring
Silver Ring
 
Posts: 130
Joined: 09 Nov 2007 17:17

Re: Manulife (Symbol-MFC)

Postby A1Stocktrader » 17 Jun 2013 14:01

shorting ry today, tight trades, g'rr, such hopium bullsh-t that the DOW is up ridiculously high today.
look out below!
A1Stocktrader
Silver Ring
Silver Ring
 
Posts: 130
Joined: 09 Nov 2007 17:17

Previous

Return to Stocks, Bonds, ETFs, Funds, REITS and More

Who is online

Users browsing this forum: bbsj, oneproof and 8 guests