Very funny to rank a company "market perform" and yet have a price target lower that current price. By Market Perform to they mean performing down? Then why do they also have under-perform rankings in their arsenal.
Also the most importantly they don't say why they lowered the price target and based on what oil prices in the future? Were they may be expecting the oil prices to crash much further and hence lowered price target? What would be their price target if oil went upto $200? Do they even know for certainty where the price of oil would be one month or one year from now or what Saudis or others may or may not do in the future? Of course they don't know any of these important factors and hence they should shut up and stop with opening their mouth although I have no doubt they have an incentive to keep the price down following the good news from the company yesterday.
afters day after day of bloody res over since Feb 9th we finally see GREEN. I've had to pinch myself to make sure it is not a dream...Is it possible that short sellers have finally let it go and those on the sidelines have realized how silly cheap this is become?
The only reason this was up today was because of short covering; But it feels as though most shorts may have already covered. If so I truly believe this will go back under a dollar. Remember an analyst downgrade yesterday wit h price target of 0.75..
Analysts expected profits of only $65 million (with an M) but NBG's profits came at $125 Billion (with a B). The report needs to look at more carefully as it includes some tax deferred assets but no matter how you look at it NBG is a major winner and will be heading much higher from here ...This is an extraordinarily great earning report folks. We should be getting upgrades....
Sentiment: Strong Buy
should see at least 4.50 or higher this coming week. This will be a major boast to Greece's economy and help the unemployment rate.
But more importantly this is a seal of approval from second largest world economy that Greece is turned the corner ...That is why Chinese Premier is in Greece now but not last year or the year before, etc
Of course shorts are going to try to place a negative twist on such a major positive event for Greece as they do on any good news for any stock they are shorting. and that is why we call them twisted shorties!!! LOL!
could you cut and paste the article is you are a Barron subscriber...The tille of the article indicates Barron to be very positive on NBG and even directly advising readers to put "cash" into buying shares.
Good news for all EU banks including NBG.
Sentiment: Strong Buy
Hey hey hey...That is second upgrade in as many days; first Nomura took the unusual step of a DOUBLE upgrade jumping from reduce all the way to BUY (bypassing hold)... and now the all important Deutshe Bank upgrading today...This on top of all recent upgrades...I agree we may see 10 soon as NBG tends to fly at times (just look at last April 2013 and how it jumped from low 3's to over 24 in a matter of days...Once markets smell the future being set in uptrend it will fly in a blink of an eye.
Sentiment: Strong Buy
5.50 will not even get NBG back to where it was in April (5.70 is). Once we clear 5.70 and fills all the gaps since April, hopefully by June, it is all clear for take off.
“The share offering was substantially oversubscribed, confirming a strong interest by institutional investors in National Bank,” announced NBG
Just Think about it : offering was oversubscribed e over THREE times; Translation: While nearly 1 billion shares were sold at just above $3/share there were others willing to buy another TWO BILLION shares. I would think that many of those folks who did not get in at $3 will most likely won't mind getting in at today's price or even higher depending on what their research had shown; Another 2 billion shares at 3 would be 6 billion but at todays price or say $4-5 you be having nearly $10 BILLION DOLLARS chasing after NBG shares.
In addition many of those who successfully bought at $3 most likely will try to add to those shares even if their average goes up to say $4 or more. The higher the price goes the more this group will be enticed to add.
And yet with government's ownership suddenly dropped to %57 from %84 and with additional 1.3 Billion of the preferred shares being bought back from the greek government from this newly raised funds all of the above investors will begin resetting their calculators and do new assessments and will soon figure out the if NBG was worth $3/share last week it is now worth much more and even $5 or $6 or $7 may be too conservative.
But also lets don't gorget the this new fund raising added about a couple of BILLION dollars to NBG's cash hoard of nearly $15 BILLION.
Finally with Greece's economy on the mend and with NBG less and less controlled by the government and more and more in the private hands now only the above mentioned big investors but also the retail investors will pile on simply by anticipating the future.
Last year this time NBG suddenly zoomed from a lower share price than today's to nearly $24/share So the potential is there but this time because of the above mentioned reasons I won't be surprised if it zooms past the $24. (NBG: #1 Greece bank established in 1841).
Sentiment: Strong Buy
sorry Buch; I had not seen your post. I simply copied and pasted that article. If you copy and paste it on google you should find it.
I have a nag for calling the bottoms and despite price offering rumors, etc I am calling today's 3.53 the bottom. I am also predicting that we be about a buck higher than this bottom in a month's time and will go higher from there and will NEVER EVER look back.
BofA Merrill Lynch upgraded shares of National Bank of Greece (ADR) (NYSE:NBG) from an underperform rating to a neutral rating in a report issued on Thursday,American Banking & Market News reports. National Bank of Greece (ADR) (NYSE:NBG) shares fell -1.01% in last trading session and ended the day on $3.92. NBG return on equity ratio is recorded as 42.40% and its return on assets is 0.60 %. National Bank of Greece (ADR) (NYSE:NBG) yearly performance is -57.39 %.
to the top. Completely agree. He is a manipulating fraud and a paid basher. I have been visiting this board occasionally and everytime I leave for awhile because Red_tsar makes me want to puke. It is sad in this life we have blood sucking bums that go around making money out of defrauding others. The problem is that not many people stand up to criminals like Red_tsar and his multiple names. Of course people like him are creeps that create new aliases once exposed and it is next to impossible to stop them.
I 100% agree; After it is done NBG will have more credibility for having been able to pull it off for the first time in 5 years, would be more independent from the government, will have less warrants out there, and will have more money.
Obviously people confused usual fund raising by issuing shares by other companies who do it to pay down debt or pay for expenses. Not NBG. Above mentioned benefits where not a single penny is spent on expenses or paying debt but rather all collected funds are used to increase the value of the company in one way or another.
No way the shares deserved to get a hair cut. The should have and will eventually go up.
Someone had said $25 by the end of the year. I 100% agree.
Despite this extremely good news the initial stock's response so far premarket has been muted because of the reported bombing. But once the major demand for Greek bonds sinks in and people realize the "bombing" was an small explosion without any injuries I expect the stock to turn around in a major way.