They are going to sell 25% to the public market announced a $41 million annual dividend 1/3 now and balance in early 2015 with I assume another 41 million in 2015. I believe APO owns half of this company so they will retain about 37.5% for the future dividends and share sales
unfamiliar with Apollo until today when it came to my attention they have taken a 34% stake in IStar Financial (STAR). Presume it is STAR's raw land they are interested in, but frankly was hoping someone from this board could shed some light on the subject. Thanks.
I was looking for a close above $31.18 on Friday which put the price above the 14 & 22 day Linear Regression moving average. I don't know if the rally at the close was a technical move or a single buyer but I was glad to see it cross. Along with the two MA's the MACD and Stochastics are also looking very positive.
Technically, I think APO has a good chance of moving to new highs within the next 30 days.
Good luck longs!
Sentiment: Strong Buy
Those "huge buys" (aka huge sells) are generally prearranged deals between big players that will take place at the closing price. I would not read too much into it. IMO.
That being said I am very bullish on all PE.
I am going by the chart - hourly (in this case, the last hour of trading Friday) provided by Ameritrade. It looks like one trade right at close for 662,850 shares @ $31.49-$31.69. The price spike bears this out. I don't wholeheartedly advocate basing any investment decision one source. I looked at the Yahoo charts, and they don't show what my Ameritrade chart does.
If you go to the 1 day chart under Basic Technical Analysis on this site, it clearly shows a dramatic jump in price & volume in the last few minutes of trading. There are several trades at or approaching 50,000 shares.
My chart doesn't show that ever happened. Here's the data from my chart minute by minute. Please explain!
351509 (Twelve minute total)
We would all like to think that our stocks are undervalued. Perhaps a large institutional investor or mutual fund feels that this sector is undervalued. If so, it might be contagious. It certainly bears watching. Thanks again for the heads up!
Also, a large buy of Black Rock (BLK) stock came in at end-of-day. No uptick, but still a large ($13 million) purchase. Black Rock is also in capital markets - higher valuation, at $299 a share, and large market-cap ($55 Billion).
Looks like a similar buy, without as much upside on BX (Blackstone Group) at end-of-day. BX is a much larger Co. (at $34 billion market cap), but I think business model similar to APO. Buy-in to BX was 342,000 shares - about a $10 million buy.
I really wish that as they spin these companies off they would throw a few shares to the shareholders as well. I know we get paid via dividend for the sales money but they could throw a few shares out like 1 share for every 100 you own and only have to issue an additional 2.5 million. Thing is for guys like me that just own 500 shares I would get 5 shares. There is not enough value to sell it due to commissions so you have those shares locked up and out of the float. If it ever ends up being a google price or something people will have something worth something or if it splits kind of like coke did after it's IPO where $40 share is now worth 10 million with reinvested dividends and splits. Just my two cents
Mark, I think you need to re-read my 2 posts stating that you need to buy by close of business on Thursday to get the dividend.
ehpb1 is correct. dividend paid on 26th for holders going into the 14th so buy on thursday if you want the dividend
Sentiment: Strong Buy