What would RBS have to gain from administration? Crap retail property management for a start. Ever seen an accountant that could run a retail scene? Give be a break. Trying to seel propertyin Spain just now is like trying to sell hot rocks on the side of an erupting volcano. Every second comercial property in the country has a for sale sign on it. Ditto Greece. Covenant breach or not, RBS itself breached its about 2 years ago. It is now UK govt property. Its a pity they cant find some way of all us shareholders tipping in an extra $20 mil between us. That would save us and stop all the net value going to some opportunistic shark and us ending up with SFA. But then pigs might fly.
AEZ Price at posting:
2.3¢ Sentiment: None Disclosure: Held