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.
Some good and some great news keeps coming out of Greece , Geek banks, and especially NBG. Hold on longs as NBG's day for take off will happen anytime now and no hedge fund or manipulation can stop this speeding train. If the bond sell is successful then we'll be running higher and higher like never before.
Greece and NBG are both in much better shape now than when NBG was @ $24.70 a few months back. No reason why NBG should not get back not just to $24.70 but even above that since things and hugely better now.