The proposed settlement stands significantly below expectations but this is also true as regards the dedicated provisioning. As a result, the net uplift on the valuation appears pretty limited, thus explaining the relatively tepid share price reaction. The two prerequisites to engage discussions with the PRA about dividend payment resumption have now been cleared. However, this will be largely symbolic, with limited implications on the valuation in our view.
11 May 2018
Path to dividend payment resumption cleared
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Path to dividend payment resumption cleared
NatWest Group Plc (NWG:LON) | 276 8.3 1.1% | Mkt Cap: 24,043m
- Published:
11 May 2018 -
Author:
David Grinsztajn -
Pages:
2
The proposed settlement stands significantly below expectations but this is also true as regards the dedicated provisioning. As a result, the net uplift on the valuation appears pretty limited, thus explaining the relatively tepid share price reaction. The two prerequisites to engage discussions with the PRA about dividend payment resumption have now been cleared. However, this will be largely symbolic, with limited implications on the valuation in our view.