Menachem Ben Yakov

Top Foreign Dividend Stocks Traded in New York

Mr.Hunkar, Your comment speaks volumes. Nothing is as impressive as a person who admits an error and thanks the person who corrects them. I will read your posts with a new enthusiasm.
I would also suggest that, in my opinion, buying both HSBC and Lloyds TSB , at current levels, represents an outstanding opportunity. I have held HSBC for ten years and have not sold a share. I recently established a position in Lloyds( $22.05 ) after waiting and watching , quite literally, for the last seven years. These are two companies an investor cannot own enough of.
Respectfully yours , Menachem Ben Yakov



On Sep 08 11:47 PM David Hunkar wrote:

> Guys - Sorry for the delayed replies.
>
> ignorant - Thanks for the note.Will be more specific and clear next
> time.
>
> User 138602 - RBS had a write-down of £5.9B due to exposure to the
> sub-prime credit
> crisis.In order to shore up its capital base the bank had a right
> issue for raising
> £12.0 B in JUne of this year.In addition the board had agreed to
> raise the Tier 1
> Capital ratio to 8%. The stock has fallen so much due to this nearly
> £6.0B loss and
> the ABN Amro purchase/integration expenses.
>
> In UK, the rights issue was made on the basis of 11 new shares for
> every 18 shares
> held at an issue of price just 200 pence which was about 46.3% discount
> to
> the closing price of 372.5 pence on Apil 21, 2008.As of June 9th,
> about 95.11%
> of the shares in the rights issue totaling about 5.8B shares were
> subscribed
> by investors.
>
> RBS has a dividend payout ratio of 45% in 2007.As per the board,
> after the rights
> issue the 2008 may be reduced.
>
> As the second largest lender in the UK after HSBC, RBS had to writedown
> this huge
> £6.0B loss. So when compared to LYG, HBC or Standard Chartered this
> writedown was high.
> Hence the stock is down a lot compared to peers.
>
> Hope the above helps.
>
>
> CARMEL - I included only the commons in this study.I should have
> mentioned this
> in the post.Preferreds are a different story. I will include then
> in future articles.
>
> Menachem Ben Yakov - Thanks for the info.I stand corrected.
>
> goatfarmer- Thanks for the suggestion. You idea will be implemented
> in the
> next similar article.Yes yields net of tax would be good to know
> but it
> gets complicated due to many issues.I can include any time of tax
> info.
> know for the mentioned countries though.
>
> Thanks everyone for your comments. It helps me serve you better.:)

Top Foreign Dividend Stocks Traded in New York

re: Lloyds TSB


www.telegraph.co.uk/mo...

Top Foreign Dividend Stocks Traded in New York

www.telegraph.co.uk/mo...


On Aug 31 04:46 PM Menachem Ben Yakov wrote:

> Lloyds TSB pays a 12.91% (TTM) dividend at an ADR/Share price of
> $22.05.
> Many folks err in computing the dividends on U.K. banks because they
> pay variable dividends. The computer generated stock screens take
> only a multiple of the last dividend paid and don't compute the yields
> properly.
> There is no substitute for pencil and paper and the writer should
> double check his facts before publishing incorrect information.

Top Foreign Dividend Stocks Traded in New York

Lloyds TSB pays a 12.91% (TTM) dividend at an ADR/Share price of $22.05.
Many folks err in computing the dividends on U.K. banks because they pay variable dividends. The computer generated stock screens take only a multiple of the last dividend paid and don't compute the yields properly.
There is no substitute for pencil and paper and the writer should double check his facts before publishing incorrect information.