They will probable raise rates 1/8% to pacify the market, theres no winning , a 1/4 kills markets, no raise kills markets as people will realize the fraud the fed has put on. Armageddon is coming.
Yah I agree, one of my concerns is that finas was stable, they insulated nbg against losses, especially the last qtr, what happens now?
My questions are whats the book value after they sell Fin, they are still short 1b or more so that's in the equation, after all said and done is it worth a buck a share??
They said NBG needed around 4.6 billion, it appears they are selling Finas for around 3 billion so they will still need 1 billion dollars or so the way I read all the articles.
Sorry to say but your probably right, NYSE requires a 1.00 share price, I don't know how low this can go, depends on what they get for finas and have to sell more shares meaning more dilution, I may add on but not till it settles, perhaps next week.
Reaction to yesterdays us close and the fact finas is selling the whole bank, it was thought initially they would only have to sell a portion, now it seems the whole bank has to be sold and it still will be over 1b short.
Might average down a bit, have to see the final price they get for finas, they only show a 3.6b value and their capital need is around 4.5b, after todays late news we may see some adverse reaction when Athens opens.
This fell too fast for no reason, many are holding upwards of 2.00 shares, it could climb to 1.50 plus in a month or two with final resolution of the stress test.
If they don't do the rs they will be put on the otc market, much harder to short an otc stock than nas or nyse, ect, plus the otc has no pre or after hours trading.
Regardless of the nonsense spewed by the talking heads worldwide we are entering a depression and it will be worldwide lasting over a decade, this is down over 20% post split, I don't see them making a recovery and palladium will llikely fall another few hundred In price.
Apr 14, 2015 15.88 15.88 15.78 15.81 1,317,500 15.81
Apr 13, 2015 15.90 15.94 15.85 15.86 3,551,400 15.86
Apr 10, 2015 15.83 15.97 15.82 15.90 2,156,700 15.90
Apr 9, 2015 15.94 15.95 15.80 15.80 1,689,100 15.80
Apr 8, 2015 15.97 15.97 15.78 15.94 1,754,600 15.94
Apr 7, 2015 15.58 15.89 15.58 15.88 1,801,400 15.88
Apr 7, 2015 1: 5 Stock Split
Why would they drop the price in order for a buyout? Makes no sense what is going on, only question Is how low is it going, if you bought at post split your down even with a years worth of dividends.