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VIST Financial Corp Message Board

  • jkwelli jkwelli Jul 26, 2011 6:08 PM Flag

    Vist To Offer $30 M to Existing Investors

    In April 2010 Vist sold $5.2M worth of shares to Emerald Advisers and Battlefield Capital Management at $8 per share.

    Those investors were interested in acquiring up to 900,000 more shares at $8 price. That's $7.2M.

    VIST's metrics have only improved since April 2010.

    Perhaps VIST wants to make another acquisition.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I see.

      I posted data refuting vicky at the time when share price was $6.

      I posted this one response setting record straight.

      Vicky was massively wrong.

      If you want to censor my joy and vindication, the one email I posted, then you need to look elsewhere to exercise your control.

    • Thank you.

      Good points.

      I also didn't mention the dividend.

      Given the average daily volume, I cannot see retail buyers absorbing ANY appreciable amount of the shares offered.

    • with respect to where VIST trades, jkwelli failed to mention the most pertinent percent - the 4.5% tangible common equity to assets - aka tier 1 common ratio.

      they are undoubtedly under regulator's thumb to raise to 7% or 8%

      which would mean the offering is being imposed as a means to raise capital.

      VIST is in the position of being a beggar to the capital markets and although the load of goodwill on the books for insurance agency may one day translate to tangible-book (assuming sale), at this time insurance performance is lackluster.

      Stifel Nicolaus is one of the book-runners - which generally means they are trying to peddle this to retail (and anyone reading will be able to participate).

      Cheers. V

    • You are right, I forgot about the extra shares.

      Good earnings, these guys make a ton of cash, once provisions are done, and they are near done, and the acquisition expenses are now done, they could make $2 a share next year. $1.25 if they do this offering at the max.

      We shall see what happens, this stock is cheaper than anything out there, if there is one cheaper, post it.

 

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