Tue, Oct 21, 2014, 8:48 AM EDT - U.S. Markets open in 42 mins.


% | $
Quotes you view appear here for quick access.

National Bank of Greece SA Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • jpomper jpomper Feb 12, 2011 2:01 PM Flag

    Calculate NBG Projections

    -The capital increase due to crisis was cca. 3b Euro;
    By Basel III rules, this will allow (at 7% gearing ratio) a Balance Sheet increase of 3/0.07= 42 B Euro;
    that is, at 1.35 currency rate $57B Growth;

    -Just to have a perspective, the current balance sheet total is cca. 70B;

    -So, after all losses are written down, NBG has a clear path to grow, without further dilution, how much?
    Well, 57B/70B= 80% ;

    -Since bank balalnce sheet total usually grows by twice that of GDP growth,
    (and Greece will grow nicely after this crisis hiccup at a 4% pace),
    NGB will be able to grow up to 180% of its pre-crisis 2007 balanceSheet total; consequently, earnings; and consequently Stock price;

    -Conclusion: if the current minimum realistic share price is cca. $7.5, the maximum price projection should be 7.5*180%= $13.50.
    Yes, a couple of year later, let say in 2017.

    Anyway: my short message to the panicky, sissy NBG shareholders, who want to sell in panic:
    Sell them now to us, we are here to buy them all.
    The grand-grand-grand childrens of those standing at Marathon, will prevail nicely.
    The rest should run.

2.59+0.11(+4.25%)Oct 20 4:02 PMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.