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Banco Santander, S.A. Message Board

g7game 2 posts  |  Last Activity: Mar 31, 2015 1:59 PM Member since: Mar 10, 2004
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  • Reply to

    Fairfax Perm Watsa Sells 2.9% Holdings

    by jfdavis007 Mar 31, 2015 7:38 AM
    g7game g7game Mar 31, 2015 1:59 PM Flag

    Hi JD,

    So a long term holder waits for the euro to drop and then sells ! Looks like a bad move to me.

    Wilbur was a much better speculator, however I had assumed that Prem Watsa was an investor. Looks like a lukewarm investor/ poor speculator.

    As for your holding in bkir, I suggest, like you intend to do, waiting for the euro to recover to a more normal 1.20 / $, so another couple of years of waiting.

    However BKIR could well get to e0.50 during the wait !

    Good luck :)

    from report :-
    Fairfax sold a third of its original 8.7 percent stake in March last year. At the time it promised to retain its final 5.8 percent stake for "the long term."

  • Reply to

    IRE ADR TO BE DELISTED

    by jfdavis007 Jan 21, 2015 10:32 AM
    g7game g7game Jan 22, 2015 10:04 AM Flag

    so we finally get to know how many IRE trackers there were, and the figure is tiny, under 5% of the shares.

    so 5% of 32 billion shares = 1.6 billion shares, so there are 1.6 / 40 billion IRE's ie
    40 million.

    good luck :)