Banco Santander Share Discussion Threads

[mike24] 22/1/2015 09:03

tempting to go long,
but a lot of shares ditched yesterday

edit US rally tonight, possible sell off after our close tomorrow
on uncertainty sunday's vote outcome, probable coalition, will
start banging the drum at brussels door

this is all about how far voters in spain,italy & portugal will be influenced
a need to follow Pablo Iglesias/Podemos Party

26/jan press, EU leaders real fear, Greece quits and thrives,

1/feb Mr T visits Spain & Italy over next couple days
paddypower is offering 6/4 odds on grexit by 2016 rising to 3/1 for Spain
4/1 for ltaly & 13/2 for Portugal
and they will all want equal treatment
did'nt Germany have their debts re-structured in 1953?
half of which were written off

sp looks a hold at 440 in that if it goes lower it will bounce back above this level
a need to see which way trades go 6/feb Edit strong buys on results look
set to push price higher, Times recently gave an awards page on BS inflation figs
and today a one inch square column on Santanders 1.4bl UK profits
PAP.L now put grexit at 5/4 by end 2018
nai

[dendria] 12/1/2015 21:56

Scrip is 1:44 (ex-rights Wed 14 Jan).

[pvee] 12/1/2015 21:30

Am I missing something but will all shareholders have the opportunity to buy at the rights price ?

[keith95] 11/1/2015 14:38

... was just making a passing observation on the mechanism rather than the reason ... BBVA had to do the same fundraising in November ... so I think the regulator has put pressure on the bank (possibly) ... didn't think that BNC was underfunded though .... so am quite surprised as many here are.

[4spiel] 10/1/2015 20:06

Barclays did that for entirely different reasons at a difficult time. Santander have excluded a lot of their shareholders Keith who should have had the opportunity to participate. Yes a 14 per cent drop and there might be a rebound before the XD on Wednesday. But after then with the Greek elections pending another 14 % drop . 5 cents a quarter per share less 21% witholding tax in sterling terms less than 3p. OK they say they plan to increase the dividend in future years but that depends upon future earnings. MIATA wrote not so long ago they are worth about 3 quid !

[acamas] 10/1/2015 09:21

Good morning,

From what I read this is a rum deal for us PI's. What odds do you chaps place on winning your dispute.

Am I correct in my interpretation that we could not have participated in the deal as it was all subscribed by II's?

[4spiel] 09/1/2015 23:18

BNC shares are transacted by the London Stock Exchange and settle in Sterling in Crest.I am unsure of the exact relationship with the Madrid stock exchange the primary listing in euro. The UK listing appears to be similar to an ADR in USA. The LSE accepted trades offered by investors brokers and there was in fact a contract made in each case.This is a binding contract. If the LSE accepted offers in error I don't think that excuses them of liability in tort if their negligence caused you loss. They should have known. if not why not. There ought to have been a procedure or a requirement for the Madrid Exchange or indeed Banco Santander to issue an instruction to the LSE . Interesting But what I am angry about is that private investors got no share - no rights issue so those who had been holding and had been accepting some scrip division have simply and crudely been confiscated by this arrogant suspension. I was showing a 28 per cent appreciation on my invested capital so getting out - 10 per cent yesterday Worse things can happen but it will have to drop a lot for me to set foot here..

[keith95] 09/1/2015 16:43

... the 'phone call' implies to me no procedure capable of handling this somewhat unusual outcome ....

Flaws in procedure are your main argument ... in making a counter case .. and that also applies to the LSE IMO.

[tyranosaurus] 09/1/2015 15:39

Was only worth holding for the dividends and they have now been slashed.

[4spiel] 09/1/2015 15:16

Spain does not change. still run by the same clique that looks after its buddies and screws ordinary investors. Botin was respected for his independent mindedness but what has been done now stinks. Might bounce a bit before the XD but after who wants to invest in a bank that is making no effort to be transparent and suspends the stock to screw investors. trade it for all you can get but can you ever trust it again?

[wilksey1] 09/1/2015 15:09

any guess,s on how low this will go

[bulltradept] 09/1/2015 14:18

Does this help any?

[oniabsta] 09/1/2015 14:12

Kieth - Thanks for your reply.

I have now registered my complaint with my broker who explained they were instructed by the LSE via the mm's to cancel all trades as the shares were still
suspended in Spain.
It seems that the LSE incorrectly reopened the market. Not my problem of course.
I have replied to my broker's response to my complaint stating if this is their
final position I will take it to the FOS.

[oniabsta] 09/1/2015 10:27

Kieth
similar problem to yourself. Could you give me the link to make my complaint?
Don't you have to go thro the complaints process with your broker first?

[keith95] 09/1/2015 09:42

.. for those who had cancelled trades yesterday - I've just filed a complaint with the Financial Ombudsman - and am looking to recover losses from my provider via the LSE.

LSE allegedly made a mistake opening the markets yesterday afternoon, but the share went through the normal auction process and contracts agreed with Market Makers were made. If the LSE makes a mistake, it should provide compensation is my view, but one should claim through the provider.

[rat attack] 09/1/2015 08:04

Looks like around 482 opening!

[rat attack] 09/1/2015 07:58

Chaps, this is a basic corporate finance calculation. The capital raising is effectively a one for ten rights issue, the only unknown is the dividend reduction because the calculation is not only based on the new starting dividend but also present value of market perception of growth over the following years. Only a few minutes to go, but I would have thought it would settle above £5 - obviously I will be wrong!!

[cwa1] 09/1/2015 07:49

By my calcs 6.18E very roughly translates to £4.85 at current rates of exchange. The price of BNC was about £5.25ish in the market yesterday IIRC? Whether it drops as far as £4.85, or further, we'll find out soon I suppose.

[rat attack] 09/1/2015 07:44

So on the prior closing price of €6.856 in Madrid this should give a post cap price of €6.795 - so in theory there shouldn't be much of a decline, but it really depends on the dividend view taken by the market.

[keith95] 09/1/2015 07:40

... so open at £4.70

[dendria] 09/1/2015 07:23

Issue price of the new shares is Euro 6.18.

[keith95] 08/1/2015 23:27

//www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12156427.html

BBVA did the same raising in November .. so I am guessing that this is a regulatory requirement .. looking at the share price of BBVA around the time .. it recovered pretty quickly.