Banco Santander Share Discussion Threads

[extrader] 27/11/2010 20:04

Hi josels,

I think the technical problem - if that is all it is - is that it's generally not allowed for a company to have a higher rating than the country in which it is incorporated......

IIRC HSBC had this issue for a number of years. Can't recall offhand how it was resolved. But wouldn't be surprised if Santander (apparently an equally sound bank) was caught up in this contagion.

[josels] 27/11/2010 14:17

Mr
Botin has recently bought E10 Millions in shares

[josels] 27/11/2010 14:16

montyhedge - 26 Nov'10 - 16:17 - 468 of 471

property 50%-60% down

that is a lie.

[hollerich1] 27/11/2010 12:48

ireland bailout is set to be concluded tomorrow, i hope this gives the bankers a lift on monday.

[hollerich1] 27/11/2010 12:47

everywhere is broke and in trouble guys, i hope we all don't expire one day with the rates things are going.

[alphorn] 26/11/2010 16:32

mh - you are describing the USA ;-)

[montyhedge] 26/11/2010 16:17

With unemployment at 20% in Spain, property 50%-60% down, builders owe the banks millions, how does this not affect Spain and certaintly the spanish banks, Spain worries me more than Portugal.

[acamas] 25/11/2010 08:19

HOLLERICH1,

Just shows the instability connected to investing right now. BNC guilty by association and little else

[hollerich1] 24/11/2010 18:18

acamas- i agree but bnc deos not even make it's profit from spain.

[acamas] 24/11/2010 08:06

Simple, They are a Bank of Spain and markets are worried by Spain's economic plight which may not be justified. But uncertainty is a killer in this game

[hollerich1] 24/11/2010 07:53

this is so interesting, one of the only bank in the world still making profit, got so sold down like this, what is the rational behind this.

[mike24] 22/11/2010 10:16

edit
23/11 banks now looking fair value,(lloy 61-90) see a 20% upside from todays level by easter dyor
25/11 added a few more

[evox] 28/10/2010 08:15

6 billion euros profit YTD! Can't be bad.

[wad collector] 24/10/2010 20:45

Acamas , they are in my ISA a/c, so Selftrade take the easy option of mass opting for the divi.I don't know if it would avoid witholding tax by opting for shares.

[acamas] 21/10/2010 08:14

wad collector,

I thought under the scheme if you said nothing you automatically got shares and did not pay the 19% Spanish witholding tax. You had to elect to take the dividend.

Do you have a nominee account with your broker and they have elected to take the dividend on your behalf?


edit:Shareholders who do not make an election will receive new shares unless they
have previously given (either in this program or in previous programs) the
permanent instructions described in section 3.2 below.

[evox] 20/10/2010 22:59

Thanks wad. Saved me asking. Wondered what they were!

[wad collector] 20/10/2010 20:55

Thanks for that .Here was the response from selftrade:


There is no rights issue for Banco Santander. As part of an Optional Dividend service offered by Banco Santander you have been credited with Option Rights. The Rights are issued in connection with a dividend payment and offer the holder the right to elect to receive the dividend in cash or new ordinary shares. As we are unable to facilitate an Optional Dividend scheme you will automatically receive the dividend as cash. The Rights are shown purely for administration purposes and these will be removed from individual client accounts upon receipt of the cash dividend.

[fubaratbirth] 19/10/2010 16:43

Wad its your BNC Share Script offer. You have till 5pm today to decide to take the free shares or sell them at source and pocket any profit. Its a profit return to shareholders by BNC like last year. You were given one right for every share and then are entitled to one free share for every 7 rights you own. Better hurry though only 15 mins left to decide.........!!

[essentialinvestor] 19/10/2010 09:10

Is there a confirmed date for the Q3 results?

[evox] 13/10/2010 22:11

Lol wad. You'll be retired by Christmas then ;0)

[wad collector] 13/10/2010 15:54

Yeah sorry , but the money was just burning a hole in my pocket.

[purplebox] 06/10/2010 21:52

What are these 70,000,000 trades!

At £8.40 we have 70,000,000 equal to over £588 Millon!