you just sold again at 11.20? Day's Range:
10.63 - 10.74 maybe you can go look at the chart and tell when and regarding buy low sell high why did you buy high and ride it down?
Can you give us the ticker for the American Depositary Preferred shares? and can you explain to me once they bought these so called American Depositary Preferred Shares and cancelled them out if that dilutes the value of the bank shares?
please explain the buy back of NBG ADR`s which they call ADSs and then show us where they diluted the ADRs or ADSs as called my Greece, now I hope to receive an answer and a correct one from the SEC filing as I have shown you
On 31 May 2013, the Bank announced an offer to purchase for cash 22.500.000 out of the 25.000.000 outstanding American Depositary Shares upon the terms and subject to the conditions set forth in the Offer to Purchase. On the terms and subject to the conditions of the Offer, the Bank is offering to pay 12,50 Dollar per ADS net to the seller in cash.
The Offer aimed to generate Core Tier I capital for the Bank and to further strengthen the quality of its capital base.
As of 28 June 2013, which was the expiration time of the Offer, 12.360.169 ADSs were validly tendered, representing approximately 49,4% of the ADSs outstanding at the expiration time. Based on the results of the Offer, the aggregate purchase price for the tendered ADSs was approximately USD155 million settled on 3 July 2013.
Therefore, following the purchase of the ADSs, 12.639.831 ADSs remain outstanding. The Bank will submit for cancellation any ADSs purchased pursuant to the Offer, and will cancel the Preference Shares represented thereby, subject to the requisite corporate approvals for cancellation of the Preference Shares.
When a stock price becomes relatively expensive, a company may decide to split the shares in order to make their stock more affordable to investors. It is important to keep in mind that a stock split does not dilute the investment for shareholders, it merely increases the number of shares they own. Sometimes, when a stock becomes too cheap, a company may decide to perform a reverse split, which decreases the number of shares investors own while simultaneously increasing the price each share is worth.
two of the dumbest SA investors trying to explain that reverse splits mean dilutions LOL
reverse splits does not mean its been diluted, but I down wasting my time on ignorant people like you
OTC Disclosure & News Service
No financial reports have been posted for SBRCY
No SEC Filings data is available for SBRCY
like I said its a non=reporting bank on the U.S market and you cant prove me wrong, you can only make stupid remarks as you don't know anything about investing
don't worry it will be cheaper tomorrow, it will break the yearly low, Bloomberg just came out with the news on Russia and no worries I put it on the SBRCY board for investors to read, enjoy LOL
By Olga Tanas Feb 19, 2014 4:41 AM PT
Russian incomes declined the most since 2011, pushing retail sales to their slowest growth in almost four years as joblessness and slowing consumer lending sapped household purchasing power.
Real disposable incomes fell 1.5 percent in January from a year earlier, the Federal Statistics Service in Moscow said today in an e-mailed statement. The median estimate of 11 economists in a Bloomberg survey was for 2.5 percent growth. Retail sales grew 2.4 percent, decelerating for a second month, while analysts projected a 3.7 percent jump. Fixed-capital investment unexpectedly declined.
Consumer spending, a mainstay of the country’s recovery, is failing to ignite an economy growing at the weakest pace since a 2009 contraction. The central bank has limited room to ease monetary policy, holding interest rates as inflation remains above its target for a 17th month.
“Consumption continued to decelerate against the background of falling incomes,” Vladimir Kolychev, chief economist for Russia at VTB Capital in Moscow, said before the data release. “The main reasons are slower increases in wages for state employees, slower consumer lending and the situation on the labor market.”
The ruble is the second-worst performer among 24 emerging-market currencies tracked by Bloomberg, losing 8 percent against the dollar this year. It traded 0.9 percent weaker at 35.7445 per dollar as of 4:05 p.m. in Moscow
A healthy bank that choses to be on the lowest level on the OTC market, a non-reporting company LOL a dream come true for ignorant SA investors like yourself, what they don't have enough rubies to pay to move to level 2 or even 3 on the OTC ? Russian intelligence at its finest while a Greek Bank knows its better to be a full reporting company for investors, yep you the smart SA investor LOL
like I said you are one of the low lives of SA that cant give an answer but siht answer type replies
remember gartman opened up 3 new gold long etfs and no short gold etf, I posted on here and said he will always be long
By Myra P. Saefong
SAN FRANCISCO (MarketWatch) -- The American Petroleum Institute late Wednesday reported a decline of 473,000 barrels in crude supplies for the week ended Feb. 14, according to data from sources. The fall was unexpected as analysts surveyed by Platts had forecast a climb of 1.9 million barrels in crude supplies. Sources also said the API reported gasoline stockpiles rose 1.4 million barrels, while distillate supplies fell 676,000 barrels. Analysts were looking for gasoline supplies to decline 1.3 million barrels and distillate inventories to fall by 2 million barrels. Following the data, which was delayed by a day due to Monday's holiday, March crude CLH4 -0.10% was at $103.39 a barrel in electronic trading, up slightly from the $103.31 close on Nymex. The more closely watched Energy Information Administration report is due Thursday.
DK wait until the Geneva Convention is over, Iran doesn't plan on agreeing to the Nuclear terms, also check out Iranian warships off the coast of Alanta, and check the nuclear deal between Russia and Iran. I am short but don't plan on adding until warships are gone and the out come of the Geneva Convention. all of this happen last week and I don't see shorting oil as safe right now, but god luck on your decision
Russia Bank Reserves down 4%
Russian Central Bank International Reserves Down Almost 4% Year-To-Date
By Kitco News
Monday February 17, 2014 10:13 AM
(Kitco News) - The Russian Federation’s international reserves have been on a steady decline since the start of the year and are down almost 4%.
According to the Bank of Russia, the country’s international reserves were valued at $490.2 billion, for the week ending Feb. 7, a drop of $8.7 billion dollars from the previous week’s recorded value of $498.9.
The central bank’s reserves were volatile throughout 2013 but the recent drop was the biggest decline since early 2013 when the price dropped more than $10 billion between March 22 and April 5.
The country’s international reserves consist of foreign exchange, SDR holdings, reserve positions in the IMF and monetary gold. The central bank’s website adds that country’s international reserves “are for intervention in exchange markets to affect the currency exchange rate, and for other related purposes, such as maintaining confidence in the currency and
More sad news for Russia, Chevron signs deal with Poland to frack there NG which doesn't help Russia, Keep in mind that Chevron signed a Memorandum of Understanding (MOU) in late 2013 with Poland's state-run gas firm PCNiG to develop shale gas from Poland's south-eastern locale. This is potentially a very big move for Chevron considering Poland does get much of it's gas from Russia.
I reported you 15 minutes ago and had your post Angry stockholders storm NBG post removed, remember we all can play your game
finite the highest unemployed are among the 15 to 24 year old. I never heard of counting 15,16,17 and 18 year olds to be recorded to add to the unemployed. if we did that in the U.S the unemployment rate would be sky high and higher then Greece if we added the ones who never got a job and was going to college, they are not included here. Do 15,16,17 year old people in Greece received unemployment checks? If not they should not be included,,,, In November of 2013, unemployment among the 15-24 age group increased to 61.4 percent, up from 61 percent a year ago and 22.6 percent in November of 2008