Banco Santander Share Discussion Threads

[mike24] 22/2/2011 09:46

7/2 averaging down again lloy 61.80 & 60.50 59.60 need to get
back to 64 to break even, as always dyor

14/3 problem with super effient home based japanese car production " jit" just in time component delivery, causing some of shutdowns?
uk burnaston V nissan sunderland, ambition to open 400 more
european dealerships, good for uk production
geneva 2/3/11 nissan aims to overtake toyota in europe,

[fubaratbirth] 18/2/2011 00:21

HI Holler board been bit quiet this last while, nice increase past few days, do you think this is for any reason in particular or just normal trading ranges. We cant seem to get above and hold the £8 mark. Sp increased lately but still on what looks to me as low volume on the lse.
regards
Fubs

[hollerich1] 17/2/2011 19:27

another fine piece, very smart move bnc made a proit of 110 million euros on the sale of 1.9%, share in bnc chile.

[homer8] 09/2/2011 15:23

Fairholme Focused Income Fund Buys VZ, T, STD, RDS.B, AIG, MCY
Buzz up!

Feb. 07, 2011 | Filed Under: VZ , T , STD , RDS.B , AIG , MCY


What stocks will Warren Buffett invest if he is running only $100 million? That is a question investors like to ask. The same question can be asked to Bruce Berkowitz, who is now managing more than $20 billion.

In order to answer this question, we start to track the portfolio of Fairholme Focused Income Fund, the smaller fund of Berkowitz. GuruFocus tracks Bruce Berkowitz under two other Guru Names. One is "Bruce Berkowitz", which tracks the SEC filings of Fairholme Capital Management. The other is "Fairholme Fund", which tracks the stock holdings of Bruce Berkowitz's flagship fund.

According to Fairholme website, The Fairholme Focused Income Fund seeks current income, other forms of cash distributions and capital preservation. The Fund attempts to achieve this objective by investing in a focused portfolio of cash distributing securities. To maintain maximum flexibility, the securities in which the Fund may invest include, but are not limited to, corporate debt securities of issuers in the U.S. and foreign countries, government and agency debt securities of U.S. and foreign countries, bank loans and loan participations, convertible bonds and other convertible securities, and equity securities, including preferred and common stock. The Fund will use Fairholme's focused, multi-sector, multi-strategy, value-based approach.

This is the portfolio chart of Fairholme Focused Income Fund. You can click on the legend of the chart to show/hide buys, sells, or holdings. Each ball on the chart represents a position in the portfolio. You can move your mouse on the balls to see the details of each position and click to see the details of all guru trades with this position.




•New Purchases: VZ, T, STD, RDS.B, AIG, MCY,
For the details of Fairholme Focused Income Fund's stock buys and sells, go to

These are the top 5 holdings of Fairholme Focused Income Fund


1.GENERAL GROWTH PROPERTIES INC. (GGP) - 1,224,807 shares, 25.37% of the total portfolio.
2.Verizon Communications Inc. (VZ) - 542,700 shares, 22.22% of the total portfolio.
3.AT&T INC. (T) - 622,700 shares, 22.14% of the total portfolio.
4.BANCO SANTANDER S.A. (STD) - 1,122,500 shares, 13.81% of the total portfolio.
5.ROYAL DUTCH SHELL PLC (RDS.B) - 174,900 shares, 13.57% of the total portfolio.
New Purchase: Verizon Communications Inc. (VZ)

Fairholme Focused Income Fund initiated holdings in Verizon Communications Inc.. His purchase prices were between $30.11 and $33.57, with an estimated average price of $32.26. The impact to his portfolio due to this purchase was 22.22%. His holdings were 542,700 shares as of 11/30/2010.

Verizon Communications Inc. has a market cap of $100.72 billion; its shares were traded at around $36.31 with a P/E ratio of 15.91 and P/S ratio of 0.95. The dividend yield of Verizon Communications Inc. stocks is 5.47%. Verizon Communications Inc. had an annual average earning growth of 2.3% over the past 10 years.

New Purchase: At&t Inc. (T)

Fairholme Focused Income Fund initiated holdings in At&t Inc.. His purchase prices were between $27.27 and $29.44, with an estimated average price of $28.39. The impact to his portfolio due to this purchase was 22.14%. His holdings were 622,700 shares as of 11/30/2010.

At&T Inc. has a market cap of $162.47 billion; its shares were traded at around $27.97 with a P/E ratio of 12 and P/S ratio of 1.31. The dividend yield of At&t Inc. stocks is 6.26%. At&t Inc. had an annual average earning growth of 2.8% over the past 10 years.

New Purchase: Banco Santander S.a. (STD)

Fairholme Focused Income Fund initiated holdings in Banco Santander S.a.. His purchase prices were between $9.74 and $13.46, with an estimated average price of $12.43. The impact to his portfolio due to this purchase was 13.81%. His holdings were 1,122,500 shares as of 11/30/2010.

Banco Santander SA is the biggest bank in Spain and the biggest international bank in Latin America as well. Banco Santander S.a. has a market cap of $98.09 billion; its shares were traded at around $12.09 with a P/E ratio of 9.24 and P/S ratio of 0.92. The dividend yield of Banco Santander S.a. stocks is 4.29%.

New Purchase: Royal Dutch Shell Plc (RDS.B)

Fairholme Focused Income Fund initiated holdings in Royal Dutch Shell Plc. His purchase prices were between $53.37 and $67.34, with an estimated average price of $60.69. The impact to his portfolio due to this purchase was 13.57%. His holdings were 174,900 shares as of 11/30/2010.

Royal Dutch Shell plc is the result of the unification of Royal Dutch and Shell Transport. Royal Dutch Shell Plc has a market cap of $218.06 billion; its shares were traded at around $69.75 with a P/E ratio of 13.45 and P/S ratio of 0.78. The dividend yield of Royal Dutch Shell Plc stocks is 4.82%. Royal Dutch Shell Plc had an annual average earning growth of 10.7% over the past 10 years.

New Purchase: American Int'l Group Inc (AIG)

Fairholme Focused Income Fund initiated holdings in American Int'l Group Inc. His purchase prices were between $35.07 and $45.61, with an estimated average price of $39.99. The impact to his portfolio due to this purchase was 2.3%. His holdings were 43,474 shares as of 11/30/2010.

American International Group, Inc., world leaders in insurance and financial services, is the international insurance organization with operations in more than one hundred thirty countries and jurisdictions. American Int'l Group Inc has a market cap of $5.44 billion; its shares were traded at around $40 with and P/S ratio of 0.06.

New Purchase: Mercury General Corp. (MCY)

Fairholme Focused Income Fund initiated holdings in Mercury General Corp.. His purchase prices were between $39.12 and $44.79, with an estimated average price of $41.82. The impact to his portfolio due to this purchase was 0.59%. His holdings were 10,800 shares as of 11/30/2010.

Mercury General Corp. is engaged primarily in writing all risk classifications of automobile insurance in a number of states, principallyCalifornia. Mercury General Corp. has a market cap of $2.33 billion; its shares were traded at around $42.94 with a P/E ratio of 14.52 and P/S ratio of 0.75. The dividend yield of Mercury General Corp. stocks is 5.64%.

Fairholme Focused Income Fund has been added into the list of Premium Gurus. A premium membership is required to access the complete portfolio. If you are not a Premium Member, we invite you for a 7-day free trial.

[homer8] 09/2/2011 15:18

Spain's Bailing Out Ireland? (STD, AIB)

By Roger Nachman
Benzinga Staff Writer
February 07, 2011 12:40 PMSymbols: AIB, STD


Read more:

According to the New York Times Dealbook, Banco Santander (NYSE: STD) is offering $5.8 billion for Polish bank Bank Zachodni WBK, which is currently controlled by Allied Irish Banks (NYSE: AIB).

Santander is trying to expand into Poland, and since Allied Irish is trying to raise capital, it seemed like a natural fit for Santander. Allied Irish has been effectively nationalized by the Irish government, stemming from the Irish financial crisis which forced the country to seek a bailout not long ago.



Read more:

[mike24] 09/2/2011 08:50

still a chance to catch lloyd's rise then
put your profits into S float as and when it comes,
10/2 lloy chart says recovering off higher lows

[hollerich1] 07/2/2011 13:19

good link fubaratbirth, this is a bank you can invest in, leave your money in it and go to bed at night. the float of bnc uk will unlock more value and add more to the share price.

[fubaratbirth] 07/2/2011 11:09

Pinched from the iii board but thought worth posting here.

Ten reasons for investing in BNC-

The chairman (Emilio Botin) provided ten reasons to be remembered in order to explain why he is convinced that the Group's objectives will be met, namely:

1) The Bank has been capable of overcoming the crisis, the most intensive and longest global economic and financial crisis since the 1930s, with no public assistance whatsoever, combining high returns with a reinforcement of our balance sheet.

2) There is no need to reinvent the business or management model. "Our model has passed the toughest test we could imagine."

3) Foundations have been laid for the BNC income statement over the next five years, with huge provisions and a reinforced position in very relevant markets, with strategic acquisitions at interesting prices.

4) The Bank has been capable of generating a profit and paying out a dividend to shareholders like no other bank, in the worst years of the world economy since the Great Depression.

5) Currently have a very comfortable capital and liquidity situation, and the parent company will not have to issue debt to meet the maturities due in 2011 and 2012.

6) "Our diversification makes us unique and inimitable; it is impossible for any financial entity to replicate our presence and market share in Brazil, the United Kingdom, Mexico and Chile, and, at another scale, in USA or Germany."

7) Do not need to acquire competitor organisation to grow. "We have culminated our geographic deployment and we are in countries whose economies will grow substantially on average."

8) The image and confidence aroused by Banco Santander among customers, shareholders and investors is an extremely valuable asset.

9) "We have a unique program in the world supporting higher education, Santander Universities, which brings us very close to the communities where we are present. Today we have collaboration agreements in place with 922 Universities across the world."

10) The value of stability in our income statement, which recurrently has remained at high levels over recent years.

"I wish to remind you again that in the last 4 years of strong international crisis the Group has obtained 35,000 million euros, ranking third worldwide by profits, only behind two Chinese banks," added the chairman.

At the end of his speech, Emilio Botín asked the executives to continue "putting the team first always before the individuals; stimulating the culture of effort; proving your execution capacity and feeling proud of belonging to the best bank in the world."

[fubaratbirth] 06/2/2011 14:30

cheers holler, unfortunately the batch I have for trading is not in profit. Have around 5K at the £9.30 mark :( so gonna have to wait it seems for a bit yet but happy to take the free shares and divi's meantime!

Saw in press that BNC looking to float UK part now in Autumn this year on LSE. How do you see this affecting us ? Does this mean whether we like it or not we will be extracted from BNC and operate on a 1 for 1 share basis but listed purely on LSE as a British Bank like Abbey was before ?

[hollerich1] 05/2/2011 14:18

fubaratbirth- the share price at the moment will be a bit up and down for about another 3/4 weeks, this is purely due to the ajustment of new share etc, if you are in profit, take some of it now, cos it is still profitable to sell now, something which some people recieving new shares as ti dividend will do, but make sure you top right back up from the lows of between 6.89/7.20, cos the next leg up will breach the 8.00 mark, epecially when the bad banks start to report improvements.

[homer8] 01/2/2011 08:26

Banco Santander (STD) NewsBite - STD Q4 Earnings Preview
Posted: Monday, January 31, 2011 11:56 AM EDT

Banco Santander (NYSE: STD) opened at $12.42. So far today, the stock has hit a low of $12.29 and a high of $12.45. STD is now trading at $12.38, up $0.46 (3.82%). Over the last 52 weeks the stock has ranged from a low of $8.65 to a high of $14.99. STD is scheduled to report earnings on Thursday. Analysts are expecting the bank to post a fiscal-Q4 profit of 34 cents per share.

[fubaratbirth] 31/1/2011 16:34

hi hollerich if your reading this bb whats your take on current share price activity for bnc ? do you still see it climbing in weeks to come as you anticipated before ?

[cjl2112] 27/1/2011 18:09

Mike24- I'm wondering if this may break through £8.00 tomorrow definatley on the up.......

[mike24] 27/1/2011 08:36

worth taking profits here?
and get ready to pile into oversold Lloyds
hope there will be just a small retrace up to 70p

edit cjl agree with you bnc going higher, but compare both sp's
to this time last yr lloy early feb from 46p to 70p third wk april
the percentages look better, if you can get the timing right

did the bnc share price deserve to be battered down to 617 jan the 10th
how many sold out how many averaged down, lloy going through
the same, why sell out when you know the price will come good
just a strategy of looking ahead a couple of months

31/1 the same % increase as last yr from today's low would put
a target yr's high of a possible 90p as always dyor

[fubaratbirth] 22/1/2011 11:30

sorry this relevant one



mentions bnc very briefly near end

[fubaratbirth] 22/1/2011 11:05

cheers Essen, link for anyone else below

[essentialinvestor] 21/1/2011 16:41

FUB, I watched it live on CNBC, would have thought the interview is on the CNBC website.
Tepper talks about Spain, the mortgage market as well, worth a listen.

[fubaratbirth] 21/1/2011 16:37

anyone have the link or details re cnbc Tepper? Confess never heard off him but great if its good news for bnc. Good day today, would love to see this continue to tick upwards.

[acamas] 21/1/2011 15:42

pvb,

once again thanks for your reply.

I read the piece below and say what gives

•if you're a basic rate taxpayer inside or outside an ISA you pay tax at 10 per cent on dividend income; this is taken as a 'tax credit' before you receive the dividend and cannot be refunded for ISA investments

Now if the principle is not the same as the 18% Spanish withholding tax.

One country takes 10% the other 18% of my dividend before I get it and neither is refundable. That is the only point I am making

[pvb] 21/1/2011 15:26

I said "no" it is like our 10% dividend tax here. We cannot claim that back either as I understand the system

I don't want to bang on about this any longer if possible but.. The reason we can't claim our 10% tax back is because there is no such tax to claim back!

In the case of the Spanish Witholding Tax - As far as I know this is a real tax that is actually levied on dividends to shareholders. As it is a Spanish Tax I don't suppose UK ISAs_ really count. So we can't claim it back.

[acamas] 21/1/2011 14:00

Hi Chaps thanks for the replies.

All I was replying to was dividends inside an ISA could we claim back the 18% Spanish withholding tax was the question asked. I said "no" it is like our 10% dividend tax here. We cannot claim that back either as I understand the system

[essentialinvestor] 21/1/2011 13:28

David Tepper on CNBC, has revealed he owns some BNC, may be good news for holders with his incredible record.

[wad collector] 21/1/2011 12:57

Acamas
Basic rate Income Tax threshold is £37,400 for the this tax year . If your overall taxable income for the year exceeds that threshold, you will be required to pay tax on your dividend income at a higher rate than if your overall taxable income falls within it. If your overall taxable income falls within the threshold, your dividend income will be taxed at a rate of 10%; if it exceeds £37,400 but is less than £150,000 it will be taxed at 32.5%; if it exceeds £150,000 it will be taxed at 42.5%.

'Dividend income' is not the same as the sum of the dividends you have received. Rather, dividend income describes the total reached when this sum is added to any associated tax credit which is made available to you. Dividends are paid to shareholders from income on which tax has already been paid by the company; as a result, shareholders are given tax credits which they can use to offset against the Income Tax bill for your dividend income. The tax credit makes up 10% of your total dividend income. If, for example your dividend income was £100, only £90 of this would be the dividend itself.


In reality, the tax credit system means that investors who pay tax at or below the basic rate are required to pay no tax whatsoever on their dividend income. This is because, for these individuals, dividend income is taxed at a rate of 10%, but this has already been absorbed by the tax credit. If, on the other hand, you are a higher rate taxpayer, you will be required to pay tax at a rate of 32.5%, as mentioned above. However, the 10% tax credit again mitigates your liability, bringing the 'real' rate down to 22.5%.