Those of you that know me, knows that I always make money when investing in RAS.
Davis, good to see you're still active and doing a good job explaning what RAS is all about... Things have changed quite a bit on this board... Lots more jerks around.... Anyway, RAS is looking good here. See you at $8 soon.
I'm all in on BSBR... Its just to cheap to pass up at p/b of 0.6. It's peers are trading at much higher p/b.
the dilution is not enough to affect the stock price. What counts is the value of my holding has increased... Also, the equity increases each quarter because SAN is keeping some of the profit instead of giving it to shareholders.
I like the fact that when I receive my dividend as scrip shares, I do not pay any taxes. So for me it can keep on like this. Also, the script shares I got last month were for a price of $6.65, so that is nice now that the shares are $7.37.
No way SAN is plunign down by 20% to below $6... It will not even come much below $7, at the most it will touch the lows we got a couple of months back, which is only $0.30 down from here.
Sentiment: Strong Buy
Yeah, it sucks, but as long term investors we don't really care... I enjoyed my nice dividend which was completely tax free... Anyway, what else is out there that is a bargain... All stock are touching the highs and any upcoming correcting will make them all fall 10%.
At $2 below book value, there is lots of room for some dilution before the boko value is $7. So, all accounted, SAN is a BUY because of its selling for below book value and any dilution will not affect current stockholders because they will get the extra shares.... You can sleep at night knowing that with SAN you are not gambling. This bank have zero chance of going bankrupt and 100% certain that when the euro crisis is over the stock will get back to $14+.
You forget that the money saved by issuing scrip dividends (over a billion) increases the equity value... So, yes there is a dilution but also a capital increase... San will without any doubt be worth $15 or more 9 years from now.
As an investor at these prices ($7) expectations are not high so the stock price will stay above $7.
I think what will dictate stock price is earnings multiple. At a PE of 12 and $0.50 cents earnings for this year. Fair stock price is $6.
The way I see it, the business is generating too little profits. Margins are to low.
Incredible you guys keep saying that the deal only benefited the common share holder... Look guys, the common share holder only owns half the company, the other half belong to Limited partnership interests in BGC Holdings, so that an extra 142 million shares.
You have o include the 142 million shares of Limited partnership interests in BGC Holdings. In effect they own half the company so half the money is going to them.
You are forgetting to include in your calculations the 142 million shares of Limited partnership interests in BGC Holdings.
After reading the BGCP's 10-K I understod things better...
Common stock outstanding: 154,189
Limited partnership interests in BGC Holdings: 142,915
RSUs (Treasury stock method) : 506
Total fully diluted shares: 297,610
So, the $750 million + NASDAQ Stocks should be divided among all fully diluted shares and not just the common stock.
I noticed that for each quarter, the number of fully diluted shares is increasing... What is going on? When will this extra shares hit the market?
Please explain me why the company uses the fully diluted shares count in its calculation in the quarterly report and not the outstanding shares count?
Can the current shareholders expect to be diluted sometime in the near future?
So what you are syaing is that fully diluted, my shares are worth only $2.86? Payed $4, so this whole diluted shares vs outstanding shares is making me nervous... When will the remain 200 million shares hit the market?
On the last earnings report it is written that fully diluted shares is 341 million. So, when they are calculating earnings per share, they are using the number 341 million.. this is quite confusing.