DSX Lover

Under The Radar News - Monday

at 12 Billion Pounds, RBS is issuing stock at Book Value, unlike U.S. smaller regionals that issued stock way below their book values like WM and NCC. When this clears, it does not mean WM, NCC, and anyone selling below Book will be safe for management, they will actually easier takovers. If you look at NCC, they are issuing Stock and convertibles at $5, when you take into account all new shares, the overall shares will have a Book Value of $10, and stock is selling for less than 7. Any foreigner like HBC, BCS, or STD can offer $12-$15 and take it for themselves. Current shareholders would be loved that, after the horrible take under offered by current management, and an incompetent board of directors.