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Hampton Roads Bankshares Inc. Message Board

  • theguru_onstocks theguru_onstocks May 24, 2010 5:09 PM Flag

    Prediction: Price will drop once short covering done

    Why would someone pay $2.00+ when PE paid .43?

    As someone said when PCBC rocketed:

    "I used to think the same, "ie, surely there can't be so many naive investors overpaying for this piece of junk".

    But then I saw so-called "investors" paying $5 or more for FRE and FNM in the months leading up to their quasi-nationalisation.

    Then I saw so-called "investors" paying well over $1.50 for GM in the days leading up to its bankruptcy.

    Then I saw so-called "investors" paying well over $1.00 for CIT in the days leading up to its bankruptcy."

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Private equity was probably the only alternative for HMPR. I agree it was sprung. Now at .85 is it a buy or does it drift to.43? Drift is was HMPR seems to do best and frustrates all who either own or are interested.

    • Tried to tell you back on May 24th ... it's amazing how slow the market can be to figure things out sometimes. I think that's why they sprung the private equity announcement one morning ... people just reacted before they had it figured out.

    • Boy those shorts sure "got screwed" today didnt they ?
      hahaha!
      Hey cdnknidlovescoin, how many "block trades" does it take you to make up the $10,000 you lost today by holding your 50,000 shares?

    • You say $1.50 is where it will stop. Why there? What will keep if from going to $1.oo , or even more?

    • Once short covering was done, there was nothing to hold up the stock price except rights offering ... but the dilution is too much. I think this could drop back to the $1.50 range for awhile and then look for direction. Another round of capital infusions could take it lower.

    • THIS IS THE BEST PART! I WILL BE SURE FOLLOW UP WITH THIS AT THE SHAREHOLDER MEETING!!! SEEMS YOU KNOW MORE THAN THOSE WHO TRADE BILLIONS OF DOLLARS!! ROFLMAO!

      The capital infusion will return Hampton Roads back to levels considered well capitalized, Quarles said. Once that is complete, the bank will be well positioned for organic growth, though it will be open to acquisitions on an opportunistic basis. Hampton Roads isn’t “principally designed to” serve as a platform to acquire failed banks from the Federal Deposit Insurance Corp., Quarles said.

    • “We think we got a good handle on the bank’s losses and have a solid and comfortable understanding of the amount of capital that is needed,”

      Not very likely they had the time, manpower, and expertise to figure that out. It always takes more capital than you think. More capital raises could still cause dilution and decimate the stock price.

    • GOING BACK TO 'WELL CAPITALIZED'! FROM THE WALL STREET JOURNAL ARTICLE!!

      Hampton Roads retained Sandler O’Neill & Partners LP and Bank of America Merrill Lynch last year to assist it in capital raise. The advisers contacted Carlyle, and the parties engaged in negotiations on and off, said Randy Quarles, managing director of Carlyle and member of the firm’s financial services investment team.

      As with other private equity firms, Carlyle had been looking at the banking sector closely, having invested in BankUnited FSB in 2009 as part of a consortium, and screened dozens of potential targets. Together with third-party advisers, Carlyle looked “very thoroughly” at the bank’s loan portfolio, finding its problems stem primarily from its construction and development loans, said Quarles.

      “We think we got a good handle on the bank’s losses and have a solid and comfortable understanding of the amount of capital that is needed,” Quarles said.

      The capital infusion will return Hampton Roads back to levels considered well capitalized, Quarles said. Once that is complete, the bank will be well positioned for organic growth, though it will be open to acquisitions on an opportunistic basis. Hampton Roads isn’t “principally designed to” serve as a platform to acquire failed banks from the Federal Deposit Insurance Corp., Quarles said.

    • Look at other rescued banks ... the price will eventually drop back to exactly where it was before the capital infusion. HMPR? Chart says headed straight to $1.50.

    • THE ONLY SHAREHOLDERS WHO GET TO BUY AT .43 ARE THE EQUITY FINANCIERS, THE INSIDERS AND CURRENT SHAREHOLDERS. ALL SHARES ARE TIME RESTRICTED AND THOSE WHO SHORTED THE STOCK THINKING THEY WERE GONNA BE ABLE TO PARTICIPATE IN AN EQUITY FINANCING GOT SCREWED OVER AND THEY REALIZED IT TODAY! THEY ARE STARTING TO COVER AND THAT IS WHY THE STOCK IS '''UP''' 20% TODAY!! What part of this don't you understand? Shorts got screwed and those who supported the company will be handsomely rewarded! I like following the Carlye Group and all their money! Always follow the big money!

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HMPR
1.660.00(0.00%)Nov 26 4:00 PMEST

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