Banco Santander Share Discussion Threads

[leedslad001] 27/3/2013 11:53

I am still a buyer. If you can buy and sit back and wait then you should have no problems investing at this price imho.
I have never got in at the bottom or out at the top. But happy with the bit in the middle.
Thing about BNC is it is a global bank not just a spanish bank so could even do well with people looking to move to a big bank in their area or country.
I have a 123 account and an ISA with them. Could not find an account paying as good an interest rate.
Very happy with the service.

[melton john] 27/3/2013 11:42

Well I still think it's a buy at this level, but it it seems the rest of the world disagree so I'm going with the flow for the time being. I should have sold at 4.88 but thought it would recover. By the time I sell, I'm usually the last so it will probably go up now. Judging when to buy back will be tricky.

[bones] 26/3/2013 21:02

I can see further deterioration here, given that the Euro in the Southern countries of Europe is in danger of coming under capital controls to prevent runs on cash if the "Cyprus policies" spread to other EU rescue packages. Spain is still contemplating asking for a bail-out and that would harm bond holders and large depositors of their banks. The Dutch guy let that cat out of the bag although it was easy for markets to look through any denials of such policies anyway. Cyprus changed the rules.

Santander may well be less exposed due to its worldwide business but it is still a Spanish bank at the core.

Technically, the chart suggests the current area of 430-440 may be supportive but its a big drop to below 350p after that support goes.

[dendria] 26/3/2013 19:16

Added more today too. Just taking advantage of Euro-clown Dijsselbloem comments - what was he thinking?! bargains aplenty.

[harmonics] 26/3/2013 17:24

Sanks - you kill me :-)
I reckon this is now in bargain territory, I am looking to buy in this week.

[leedslad001] 26/3/2013 10:10

We have to thank the thick dutch finance minister for yesterdays drop. What a clown opening his mouth and sprouting rubbish. Well let me buy a few more today

[leedslad001] 26/3/2013 08:27

added another 5k

[leedslad001] 26/3/2013 07:43

hope you get your price.
I invest on a 5-8 year outlook so am not worried about day to day movements. but when it goes down i will add.
good luck.

[sanks] 25/3/2013 21:14

Shame you lot are adding so early. Me, Sheila, Helen and Julie are going to add together at £3.13. Some of you will be feeling the beginning of the sheepshagging syndrome...it will start to hurt as the shagging intensifies.

To be honest, i think the banking sector is now shagged, which in return will begin part 2 of the financial crisis...hence, i have also added a level 4 buy order in at £2.17

Let me know if this helps, if it doesn't, then its by the oak tree.......

......................



Cyprus bailout deal with EU closes bank and seizes large deposits
Draconian terms aimed at keeping Cyprus in eurozone include closure of second-largest bank and big losses for wealthy savers

Monday 25 March 2013

[dendria] 25/3/2013 13:22

Added again today - I still can't find better long-term value on my watchlist.

[melton john] 25/3/2013 09:45

"Exposure to the property sector in Spain, net of provisions, represented 1.7% of the group's loan portfolio at the end of the year. As a result of the provisions set aside in 2012, the coverage of real estate exposure in Spain has been completed."

[leedslad001] 25/3/2013 09:27

All good news friday. Keeping divi ahead of substantial profits rise. Nice :-) chairman>

[melton john] 22/3/2013 10:50

I'm fully loaded with no ready cash unfortunately, sure it'll pick up. very small volumes. I'll maybe get some later.

[leedslad001] 22/3/2013 08:33

Added a few today

[melton john] 17/3/2013 21:39

Positive mention of Santander in the Economist.

[mike24] 27/2/2013 23:37

beware scam in last few days using mirror page of bnc taking money from
a/c's using name/s andrew hildred, bnc suggesting closing problem a/c,s and reopen
with new security password/pin, at least their fraud team is "on the ball"

downloading free music is now the most common of many ways a virus can grab your passwords if your banking online, which should be changed at regular intervals both
at home and work

[tricky1992000] 27/2/2013 20:39

sanks you would be better off shagging the pound.

[melton john] 27/2/2013 13:25

Hi Titus thanks for you thoughts on charting. :-)

[harmonics] 27/2/2013 10:26

Hey Sanks, how's it hanging?
I sold out at 532p and am looking to buy back in again as a long.
It would be nice to think about 313p but that is a tad optimistic imo.
I reckon this is cracking value at sub 450p.
Regards to Sheila

[dendria] 26/2/2013 18:19

keep trying sanks. I topped up first thing this morning. Maybe premature but my average price beforehand was 342 so a comfortable addition. SAN up in US now - no sign of 313...

[sanks] 26/2/2013 11:17

I'm a shagger, day trader and an active investor.
I'm looking to do all three at £3.13

Hope that helps
Sanksalot

[titus10] 25/2/2013 09:29

Hi MJ, Thought I should respond here to your post on the 2233 thread.

As an active investor & trader, at it still pretty intensively after about half a century of Technical Analysis of price charts, you're right - I don't really have time to do your question justice. If I did I'd have written a book, I suppose.

So leaving aside questions about your objectives, which rather affect how to skin a cat, let's try just some general thoughts & suggestions about BNC, from a quick glance at the chart.

I always work regressively, i.e. from the broad long-term picture to the immediate, whether trading or investing, for a start. As you'll have gathered, I only look at log-scaled charts and think drawing straight lines on crooked charts to be no more than trying to create patterns in the tea leaves.

The long-term chart of BNC from July 04 is a parabola with a major collapse in 08/09, from which it recovered more quickly than most at that time, thereafter trending down until late-July 12.

The recovery since then seems to have ended that down-trend. Some may now see a Reverse Head & Shoulders pattern (bullish) and the possibility that a third up-leg may take place if it can crack the lateral Resistance in the 5.50 - 6.00 area. At present it has reacted to the next support level down, ~5.00.

Oscillators which try to measure the momentum of participation in this share now show some downward divergence (weakening momentum) between the 14/9/12 and 28/1/13 peaks in price. Had I had a long position, I'd have thought about taking profits on 31/1/13, but as an investor probably hung in there as the up-trend since late-July last looks strong enough at present.

Were I foolish enough to suggest anything, it might be: 1. maintain perspective by frequently switching between long-term (weekly or even monthly) and short-term detailed charts; 2. remember that price trends reflect ongoing accumulation /distribution by other punters rather than talk, with the odd RNS seldom causing more than transient random noise for investment purposes.

Trading is a different game. I do both, but have learned not to mix the two approaches, except when hedging.

Hope that helps.

[melton john] 25/2/2013 08:38

That didn't work.

[melton john] 16/2/2013 15:06

Trying to understand the trading gyrations of this share between results so have recorded my thoughts here. There should begin a climb up if last quarter is anything to go by. I'm not a chart expert so anything could happen. The market is divided between those that are out talking it down and those that are in talking it up.