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PepeMallorca

PepeMallorca
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  • Why I'm Buying Banco Santander After The Capital Raise [View article]
    I don't agree with your statement "The dividend will increase as the net profit increases" as the main economies in which Santander is investing: Brazil, Spain and probably soon adding a new franchise in Portugal, plus the problems they are having in the US ill not help them to increase the net profit.
    In the other hand, Ms. Botin didn't commit in her message to any increase of dividends in the future.
    I personally follow the large number of critics of minority retail investors in the Spanish media that feel betrayed by the 66% reduction on dividends. The volume of shares traded in Madrid vs. NYC (449M vs.0.6M) has to be considered in your analysis.
    Jan 10, 2015. 01:05 PM | 2 Likes Like |Link to Comment
  • Banco Santander: Paying The Price For Its Association With Spain [View article]
    Just a clarification Caiman: FSA has fined recently Santander $2 million USD, for not adequately informing clients.

    http://reut.rs/LnuxTy
    Jun 17, 2012. 09:00 AM | Likes Like |Link to Comment
  • Banco Santander: Paying The Price For Its Association With Spain [View article]
    Lets wait until they arrive to a conclusion on their investigation and publish their findings to the public.

    If you trust the article above published by Bloomberg, you will see their findings in Bloomberg too.
    Jun 15, 2012. 10:37 AM | Likes Like |Link to Comment
  • Banco Santander: Paying The Price For Its Association With Spain [View article]
    The Anti-Fraud General Attorney, IMF, EBA, Oliver Wyman, Roland Berger and Bank of Spain are right now studying the evidence you have not found Caiman.
    Jun 15, 2012. 08:52 AM | Likes Like |Link to Comment
  • Banco Santander: Paying The Price For Its Association With Spain [View article]
    It seems I am not the only one saying that Santander cooked their books:

    http://bloom.bg/KyS58z
    Jun 15, 2012. 07:26 AM | Likes Like |Link to Comment
  • Banco Santander: Paying The Price For Its Association With Spain [View article]
    Caiman Valores: You will get the full spectrum checking Santander Emisora 150 S.A.U. Audit Reports 2010, 2009, and 2008 (in Spanish) were you will see apart from the 7 Billion Euro placement of Valores Santander to the retail clients, the financing of another 7 Billion Euro given by Santander to that 100% affiliated to buy the issue of the Mandatory Convertible Bonds that have been recognized as Reserves, so as Capital Tier 1 in Santander Annual Report 2008.

    If you have any difficulty finding any of these reports pls let me know and I should email them to you.
    Jun 1, 2012. 01:09 PM | Likes Like |Link to Comment
  • Banco Santander: Paying The Price For Its Association With Spain [View article]
    An article written by Christopher Bjork for the WSJ two months ago is already an old history, as the fast rate the Spanish economy is deteriorating.
    Goldman Sachs is a lot more precise on yesterday's article on the gap that Santander has to fill with the new rules of Asset to be valued at mark-to-market. See it at http://bit.ly/KDHZkC
    And this article do not consider the accounting gap explained yesterday of an additional 7 billion Euros of "Financial Assistance" thru their affiliated Santander Emisora 150.
    Jun 1, 2012. 09:34 AM | Likes Like |Link to Comment
  • Banco Santander: Paying The Price For Its Association With Spain [View article]
    Caiman Valores, you are mistrepresenting my comment as the case I am referring to IS NOT UNDER LITIGATION. It will probably be as a Class Action.
    Jun 1, 2012. 09:05 AM | Likes Like |Link to Comment
  • Banco Santander: Paying The Price For Its Association With Spain [View article]
    That toxic product was sold only to Spanish clients. Ask the bank or just get the SEC information note filled by Santander on Sep. 19, 2007 and Oct.4,2007. Or the recognisition of it, as Tier 1, on Jan. 9th. 2012. You will find them on SEC files.
    May 31, 2012. 03:10 PM | 1 Like Like |Link to Comment
  • Banco Santander: Paying The Price For Its Association With Spain [View article]
    Are you sure they have a solid Tier 1 Capital ?.
    Have you checked out what their 7 Billion Euros on special Reserves of Subordinated Notes that were issued by them on October 17th, 2007, but ..... bought by an affiliated company called Santander Emisora 150 SAU with 7 Billion Euros financing provided by Banco Santander.

    Is that what you call Tier 1 ? It is not to the international satandards.
    May 31, 2012. 03:10 PM | 2 Likes Like |Link to Comment
  • Banco Santander: Paying The Price For Its Association With Spain [View article]
    Caiman Valores, you are avoiding to touch the biggest issue of Santander for 2012: The conversión of their issue in 2007 of an hybrid product called Valores Santander that is converted into ordinary shares. Dilution of these 500 million shares, starting in 4 days and remaining valid until October 4th, 2012, is not the the only issue. The holders, 129.000 Spanish clients have lost over 65% of their investment, will not keep their shares, but will thrown then into Santander face.

    They say in the internef forums, they are also preparing their lawyers against the bank management who mislead them.

    Why you hid it?
    May 31, 2012. 10:29 AM | 5 Likes Like |Link to Comment
  • Spanish banking reform details hitting: The government has ordered an independent audit of the real estate portfolio of the banks and will demand 47% provisions on loans made to property developers. The "reform" also enshrines bailouts, saying public money will be given to those lenders whose books don't cut the mustard. Madrid -1%, Santander STD +0.3% premarket.  [View news story]
    OMG ... Good news coming today from the Spanish Economy Ministry....they are bursting the Real Estate bubble....at last....5 years late, but done today. !!!!!!!!

    Banks have to put their big Real Estate holdings at near market value (30% to 100% provisions for performing or not-performing credits) Santander (STD) and BBVA (BBVA) will suffer again for a while, but after that they could probably get to a floor.
    May 11, 2012. 09:45 AM | Likes Like |Link to Comment
  • Banco Santander - Preferreds Are Attractive [View article]
    At last ....after 5 years waiting for it, the Spanish Real Estate bubble is bursted today. !!!!!!!
    The Government is forcing Santander (STD) and the rest of the banks to value Real Estate holdings nearer market value.

    5 years too late.
    May 11, 2012. 09:38 AM | Likes Like |Link to Comment
  • Banco Santander - Preferreds Are Attractive [View article]
    To me, based in Spain, this is a risky investment mainly due:
    1.- Real Assets valuation at 100% when Morgan Stanley Real Estate Division market makers offered them 25% of the value, until last week when they lost their CEO, and cancelled their offer.
    2.- Class Action for €7 billion Euro under development, by 129.000 clients that have an accounting loose of 65% of their investment in Valores Santander.

    I would not put my money at that horse at this moment !
    May 8, 2012. 08:36 AM | 1 Like Like |Link to Comment
  • Banco Santander And Banco Bilbao: 2 Consistently Undervalued Spanish Banks [View article]
    Are you certain of really knowing about Santander ?

    Even here in Madrid, Spain we do not know the value at which they have accounted the thousands of houses, apartments and residential land they have in their books, and the real state bubble has not bursted here.

    Are you aware of their problems with 129.000 local investors to whom they placed Valores Santander, a €7 Billion placement of hybrid Mandatory Convertible Securities done in 2007 ?
    May 4, 2012. 10:30 AM | Likes Like |Link to Comment
COMMENTS STATS
15 Comments
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