Banco Santander Share Discussion Threads

[josels] 12/10/2011 20:21

SANT underperforming 10% BBVA brrrrr
Oh well it will outperform in the future
main reason for underperformance IMHO is that SANT keeps buying cheap assets, last one is a Belgium bank's participation in a polish bank. The Belgium bank has been forced to sell by the European Union because it received a government bail out
SANT may need to hold more of its dividend if the capital requirements are increased again!
I can't blameSANT management because the politicians, out of the blue, are changing the capital rules again, they want to increase the capital requirements again .
BBVA has more capital than Sant (% of the loans in their book will be around 11% next year if I remember correctly),
also BBVA owns a big% of a chinese bank which is rallying at the moment
so I think people are selling SANT and buying BBVA,
But patience we are in good hands, Mr Botin!

[fubaratbirth] 12/10/2011 16:21

nice day :D

[josels] 10/10/2011 18:47

end up positive today 556.5
underperfomed though rrrr

[josels] 10/10/2011 14:00

santader makes offer to belgium bank to buy banking assets in Poland (new last friday) Thisis the reason why sant is underperforming BBVA: buying assets in poland


Empresas




Santander presenta una oferta vinculante por el polaco Kredyt Bank, según prensa

El Santander ha presentado una oferta vinculante para adquirir la entidad polaca Kredyt Bank, perteneciente al grupo belga KBC, según informan varios medios polacos, que citan en sus informaciones fuentes anónimas conocedoras de la situación.

[josels] 10/10/2011 10:27

Russia showing interest to buy spanish goverment debt


11:18 Rusia estaría dispuesta a comprar deuda española

Rusia está dispuesta en principio a comprar deuda pública española una vez que los estados miembros de la zona euro introduzcan una estrategia para superar la actual crisis de deuda, dijo el lunes Arkady Dvorkovich, asesor económico del presidente Dmitry Medvedev. Las reservas de Rusia son las terceras del mundo en tamaño y tiene dos quintas partes de los 517.000 millones de dólares de sus reservas extranjeras en deuda de la zona euro.

[josels] 09/10/2011 21:52

as expected


and euro + futures up

;)

[josels] 09/10/2011 09:59

"there is still intense pressure to come up with a much more powerful response to the crisis and show that eurozone countries are determined to contain it."

German wants to increase that fund indirectly, how? by saying to France that the EFSF money is not going to be touch to refinance the french or german banks, i.e. new private or French government money will need to be put on the table (different from the current EFSF), ie larger haircut required to national greece debt to be paid by french and germans one way or the other.

If the Slovakian parliament does not approve they will not receive any structural funds from the EU, as the EU would implode, so that is the pressure for them, slovakian oposition supports the new bail out but only following concesions, this may delay the scheduled vote this tuesday. DYOR

[fubaratbirth] 06/10/2011 19:09

yep that £2.27 target is looking just swell.......

Pity about the nice increase again today!

Hope it helps 'your crabs'

[pvb] 06/10/2011 17:10

Whatever...

[josels] 06/10/2011 16:13

t-10 spanish bonds elow 5%!!! good for SANT

[josels] 06/10/2011 12:06

GBP Asset Purchase Facility 275B 200B 200B
GBP Official Bank Rate 0.50% 0.50% 0.50%


pound to the rubish. 275B QE

[josels] 05/10/2011 08:02

almost 10% spread
love it

[josels] 05/10/2011 05:32

If I remember correctly, please check, from last week presentation in London, the total sovereign debt in Sant books is 21 Billions, from those 91% is Spanish debt. The Spanish debt is doing much better than the Italian, very small debt in Greece. Debt in Portugal should be the second largest one and the country appears that will be supported by lenders.

In any case Sant Market cap has gone gone down more than the 21 Billion of sovereign debt in their books

I read that Sant has put on sale 8 Billion in property. Here you can see Satander's Spanish flats on sell at a discount, there are not too many considering the Spanish market!!



In Spain previous flat owners still are paying to the banks for their mortgages if they have partially defaulted and returned the flat keys (that is the Spanish law, repayments are fixed by the courts if someone hand over the flat keys to the bank, I believe that the only way to cancel a debt is if someone dies). SOme foreigners have disappear though...

Sant postpones sell of part of the UK business till 2013, this mean they can afford not sell at this moment, i.e. it is solvent!!

currently spanish futures up

sp graph will show today a potential upwards trend channe, hope it is mantained till it reaches £7 where it goes horizontal before going up again towards £8.25.

[josels] 04/10/2011 21:25

NYSE +8.3% !

[josels] 04/10/2011 17:14

santader and bbva above +2% in the NYSE

[josels] 04/10/2011 16:13

about to term +
in a very bad day for the market