Sun, Apr 20, 2014, 9:43 AM EDT - U.S. Markets closed

Recent

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

BP Prudhoe Bay Royalty Trust Message Board

fp718591 504 posts  |  Last Activity: Apr 16, 2014 5:14 PM Member since: Mar 10, 2012
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • fp718591 fp718591 Apr 16, 2014 5:14 PM Flag

    your looking at roughly 800,000,000 extra shares to hit the market, the only good part is NBG will use 1.35 billion euro`s to buy back all the preferred shares off the state which will help NBG, good luck as I feel its to dangerous to buy with that many extra shares hitting the market this will probably get hit hard.

  • National Bank of Greece gets go-ahead for $3.5 billion share offer

    Reuters
    2 hours ago

    ATHENS (Reuters) - National Bank of Greece (NBG) (ATH:ETE) was set to be the fourth Greek lender to tap international markets through a share offering on Wednesday after plans were approved for it to raise up to 2.5 billion euros (2.0 billion pounds) to boost its core capital.

    The country's largest bank by assets got the go-ahead from bank bailout fund and 84 percent shareholder HFSF to seize a window of opportunity to raise funds as foreign investors warm to the debt-laden country's recovery prospects.

    The bank has picked Goldman Sachs (NYS:GS) and Morgan Stanley (NYS:MS) as global coordinators for the issue, which will be offered to foreign institutional investors via a book-building next month.

    NBG must plug a 2.18 billion-euro ($3 billion) capital hole, a central bank stress test revealed in March.

    The bank, with subsidiaries in the Balkans and Turkey, had previously resolved not to resort to the financial markets to fill the gap but focus on selling non-core assets instead.

    But it changed tack last week after pressure by the central bank to follow the example of its peers Alpha Bank (ACBr.AT) and Piraeus (BOPr.AT), which have already raised 2.95 billion euros between them from markets.

    Eurobank (EURBr.AT), the country's third-largest lender, is also tapping markets for 2.86 billion euros and has already secured commitments to the offer by a Canadian-led investor group for 1.3 billion euros.

    NBG's equity offering will not include pre-emption rights for existing shareholders, including the HFSF, as was the case with share offerings by its peers.

    NBG's board, which on Wednesday set a shareholders meeting for May 10 to get formal approval for the offer, said the funds will also help it pay back 1.35 billion euros worth of preferred shares held by the Greek state.

    "The proposed share offering will boost significantly the bank's capital adequacy ratios, allowing it to continue to support the country's economy," NBG's chief executive Alexandros Tourkolias said.

    NBG, with a current market value of 7.3 billion euros ($10.1 billion), said the targeted proceeds will bring its Core Tier 1 capital ratio to 18.2 percent of risk-adjusted assets. It said it expects to conclude the placing by the end of May.

  • Myra P. Saefong

    SAN FRANCISCO (MarketWatch) -- The American Petroleum Institute late Tuesday reported a jump of 7.6 million barrels for the week ended April 11, according to sources. That was more than three times more than expected as analysts surveyed by Platts had forecast a climb of 2.4 million barrels. Sources also said the API reported gasoline stockpiles fell nearly 500,000 barrels, while distillate supplies declined by 1.1 million barrels. Analysts were looking for gasoline stockpiles to fall 1.7 million barrels and distillate supplies to decline by 200,000 barrels. Following the data, May crude CLK4 +0.04% was at $103.74 a barrel in electronic trading, roughly unchanged from the $103.75 close on Nymex. The more closely watched Energy Information Administration report is due Wednesday

  • fp718591 fp718591 Apr 15, 2014 4:31 PM Flag

    Russia knows the West wont do anything since we know what Turkey can and will do, Turkey has already warned Russia the straits will be cut off, the black sea is useless without the rights to Turkeys straits. One more thing it wouldn't be wise to laugh at Turkey even Putin knows that. We all know who the Tatars are and where they came from and what they can do to Russia over night even Putin knows that. Read Turkey warns Russia

  • Market closed

    $

    103.56

    Change

    -0.49 -0.47%

    Volume

    194,558

    Apr 15, 2014 3:59 p.m.

  • fp718591 fp718591 Apr 14, 2014 5:12 PM Flag

    I am not short or long this stock, with the amount of shares to hit the market, I would wait for low 3~s or high 2 range. JVET which is an ADR on Thursday the price close at 18.55 and right after closing the company said we are selling 3 million shares in the morning at 15 a share. I bought in on Friday, ADR`s can announce the share price and amount at closing before they sell the next morning. that was a 22 percent drop and companies in other countries don't care about price just as long as they get the money they need. Just check VJET out

  • fp718591 fp718591 Apr 14, 2014 5:03 PM Flag

    ADR`s can be sold at any time, an ADR is not the original share, the original shares are locked in a vault by the bank that creates the ADR to sell on the U.S market. ADR`s have no rights, original shares have all the rights. Piraeus will not be offering shares to ADR holders only the private investors that bought those shares to be converted into ADR`s will sell on the U.S market like JP Morgan, Goldman Sachs as they already bought those shares. Even in your post it states this: Piraeus will offer 10 percent of the share issue to local investors next week at 1.70 euros a share.
    local means in Europe only

  • fp718591 fp718591 Apr 14, 2014 4:49 PM Flag

    Dr this is an ADR before the can buy back shares when they start making money they have to use the money they made to pay the dividends on the preferred shares, not only that they have to pay all the back dividends on preferred shares since they haven't paid anything in years. This is European law.

  • Market closed

    $

    103.51

    Change

    -0.23 -0.22%

    Volume

    217,398

    Apr 14, 2014 4:18 p.m.

    Quotes are delayed by 10 min


    Previous close

    $ 103.74

  • fp718591 fp718591 Apr 14, 2014 3:39 PM Flag

    Brenda , there are other factors to consider when buying a Greek Bank stock, no Greek Bank can reprocess a home until 2015 that is when they are allow to start, they will need real estate investors to buy up those reprocessed homes, that is one of the reason Greek Banks are hurting, once they get more revenue from selling those repo homes the banks will do better, good luck

  • fp718591 fp718591 Apr 14, 2014 2:36 PM Flag

    heres the whole story,its the reason I stayed out and couldn't figure out why people were buying up the stock, it was heavily diluted,,, Alpha Bank, Piraeus shareholders approve share offerings

    * The two banks raised a combined 2.95 bln euros

    (Reuters) - U.S. and British investors bought the bulk of Alpha Bank's 1.2 billion euro ($1.65 billion) new share issue, it said on Friday, providing further evidence that foreign investors are warming to Greece.

    Alpha, Greece's fourth-largest lender, issued new shares to buy back 940 million euros of preferred shares from the government and cover a 262-million euro capital shortfall revealed in a stress test by the central bank earlier this month.

    "The 1.2 billion euros that was raised is an important vote of confidence," the bank's Chief Financial Officer Vassilis Psaltis told shareholders on Friday, adding that 42 percent was placed with British investors and 45 percent with U.S. funds.

    The country's second-largest lender Piraeus Bank also completed a 1.75 billion euro ($2.40 billion) share offering earlier this week.

    "The response of international investors exceeded expectations and signals confidence that the Greek economy will soon enter a growth path," Piraeus's Chairman Michael Sallas told journalists.

    Piraeus will offer 10 percent of the share issue to local investors next week at 1.70 euros a share.

    The country's bank rescue fund HFSF welcomed the successful completion of the share issues.

    "The capital raised by private investors further strengthens the capital adequacy of the banks, significantly contributing to the stability of the financial system, and highlights the dynamic return to international capital markets," the fund's CEO Anastasia Sakellariou said.

  • fp718591 fp718591 Apr 14, 2014 2:20 PM Flag

    Brenda the new shares were already bought my investor mainly in the U.S and UK with no restrictions, they probably got a huge discount and sold most of them off in the market already,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,l March 28th was approval and selling began April 4th
    Fri Mar 28, 2014 8:43am EDT

    * Alpha Bank, Piraeus shareholders approve share offerings

    * The two banks raised a combined 2.95 bln euros

    (Reuters) - U.S. and British investors bought the bulk of Alpha Bank's 1.2 billion euro ($1.65 billion) new share issue, it said on Friday, providing further evidence that foreign investors are warming to Greece.

  • fp718591 fp718591 Apr 13, 2014 6:38 PM Flag

    Remember what I said last week? Shares are announced at the end of the trading day with prices, they did this with JVET on Thursday it closed at 18.55 then they announced they would sell 3 million extra shares on Friday morning at 15 a share, these ADR`s get away with stealing peoples money.

  • March 28th was approval and selling began April 4th
    Fri Mar 28, 2014 8:43am EDT

    * Alpha Bank, Piraeus shareholders approve share offerings

    * The two banks raised a combined 2.95 bln euros

    (Reuters) - U.S. and British investors bought the bulk of Alpha Bank's 1.2 billion euro ($1.65 billion) new share issue, it said on Friday, providing further evidence that foreign investors are warming to Greece.

    Alpha, Greece's fourth-largest lender, issued new shares to buy back 940 million euros of preferred shares from the government and cover a 262-million euro capital shortfall revealed in a stress test by the central bank earlier this month.

    "The 1.2 billion euros that was raised is an important vote of confidence," the bank's Chief Financial Officer Vassilis Psaltis told shareholders on Friday, adding that 42 percent was placed with British investors and 45 percent with U.S. funds.

    The country's second-largest lender Piraeus Bank also completed a 1.75 billion euro ($2.40 billion) share offering earlier this week.

    "The response of international investors exceeded expectations and signals confidence that the Greek economy will soon enter a growth path," Piraeus's Chairman Michael Sallas told journalists.

    Piraeus will offer 10 percent of the share issue to local investors next week at 1.70 euros a share.

    The country's bank rescue fund HFSF welcomed the successful completion of the share issues.

    "The capital raised by private investors further strengthens the capital adequacy of the banks, significantly contributing to the stability of the financial system, and highlights the dynamic return to international capital markets," the fund's CEO Anastasia Sakellariou said.

  • Reply to

    My falling knife stock

    by red_tsar Apr 12, 2014 10:35 AM
    fp718591 fp718591 Apr 12, 2014 3:11 PM Flag

    Looking at the stock it stopped trading on April 8th no trades after that. Could be under SEC review, also if its a company that started in Canada the U.S has been working with Canadian officials to clean up some of there OTC scam stocks, we have enough of them here and the U.S is requesting other countries to check out there OTC stocks and go after the con`s since they like listing here due to higher trading volumes. Not saying its a scam but people really need to be careful on the OTC market and especially here, good luck

  • Reply to

    Doubled my position

    by dr_dr_detroit Apr 11, 2014 2:27 PM
    fp718591 fp718591 Apr 11, 2014 4:56 PM Flag

    Krim the most they need to sell is 550,000,000 shares and that takes weeks to sell that many shares on the market, they might keep 200 to 300 million shares off the market for warrant holders if they get some. Also when they sell they announce it at closing they will be selling the next day. This is an ADR and they are allow to do that, just like last nights closing for VJET was 18.68 then they announced they would sell 3 million shares today at 15 a share and VJET is an ADR also, its a German company. I would wait to see the deal they do with warrants and amount of shares going on the open market.

  • Reply to

    Doubled my position

    by dr_dr_detroit Apr 11, 2014 2:27 PM
    fp718591 fp718591 Apr 11, 2014 4:24 PM Flag

    hello dr you should of waited until after the share dilution which begins in a week or two, only 2 billion shares going up for sale, you could probably get more in the 4 range

  • Reply to

    extremely danger place for nbg to be right now.

    by pizza108 Apr 11, 2014 1:10 PM
    fp718591 fp718591 Apr 11, 2014 2:28 PM Flag

    the reason it dropped so hard was vjet put up a secondary offer of 3 million shares today at 15 a share, and they are selling above 15 a share, look at the volume and check out the news, that was the reason I jumped in on that one since its selling above asking price, good luck

  • Reply to

    extremely danger place for nbg to be right now.

    by pizza108 Apr 11, 2014 1:10 PM
    fp718591 fp718591 Apr 11, 2014 2:07 PM Flag

    Just bought some VJET another 3D printer, at 15.50 I thought it was a good deal, might get back to 20 in less then a month, only bought a small amount, but at this price I couldn't pass it up.

  • Reply to

    Market is correcting itself

    by red_tsar Apr 10, 2014 3:25 PM
    fp718591 fp718591 Apr 10, 2014 9:26 PM Flag

    You should do good. The warrants get up to 5 years (60 months) to exercise there shares when it hits a dollar. ,,,, TSX: MBC
    OTCQX: MBCFF
    Shares Outstanding: 152,029,492
    Fully Diluted: 171,450,330

    TORONTO , March 27, 2014 /CNW/ - MBAC Fertilizer Corp. ("MBAC" or the "Company") (TSX:MBC and OTCQX:MBCFF) has today entered into an agreement with Canaccord Genuity Corp. (the "Underwriter"), pursuant to which the Underwriter has agreed to purchase, on a bought deal basis, 25,720,000 units of the Company (the "Units") at an issue price of C$0.70 per Unit (the "Issue Price") for gross proceeds to the Company of C$18,004,000 (the "Offering").

    Each Unit will be comprised of one common share (each, a "Unit Share") of the Company and one common share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder to purchase one common share at an exercise price of C$1.00 per share at any time prior to the date that is 60 months from the closing date of the Offering. The Underwriter will also have the option exercisable for a period of 30 days after and including the closing date of the Offering, to purchase up to an additional 3,858,000 Units at the Issue Price per Unit to cover over-allotments, if any, and for market stabilization purposes. The option will be exercisable for Unit Shares and/or Warrants, or any combination thereof. If this option is exercised in full, an additional C$2,700,600 will be raised pursuant to the Offering and the aggregate gross proceeds of the Offering will be C$20,704,600 .

BPT
84.85+0.32(+0.38%)Apr 17 4:04 PMEDT

Trending Tickers

i
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.