POSSIBLY: The large share issue leaving many more shares soaking up the company value. Grexit threat is growing again. Exdiv: paid 4th May, but with 4 divs per year the effect is not usually this severe. The fundamentals seem to me to be sound, so I think this quite severe fall is a 'buying opportunity'. Anyone else got any ideas?
Anyone know why share is currently in freefall?
That's the last of the €15c divs. 3 x €5c cash from Aug with one €5c scrip.
11 Apr '15
Scrip ratio is 1:46.
30 Mar '15
Santander’s big plans for small business: By offering a range of services such as overseas trips and mentoring, Santander is aiming to double its share of the small business banking market by the end of next year.
24 Mar '15
Motley Fool 23rd March
I'm never convinced by the Motley Folk, but I do fully agree with this: "Since the turn of the year, shares in Santander have fallen by 8% while the FTSE 100 is up 1%. A key reason for this is the share placing that was announced by the bank, as it seeks to shore up its financial position. A result of the share price fall is an even more appealing valuation with, for example, Santander now trading at a sizeable discount to the FTSE 100. In fact, its price to earnings (P/E) ratio is just 12.5, versus over 16 for the wider index. In addition, Santander’s yield has improved due to its share price fall, with the globally diversified bank now yielding a relatively appealing 3.3%. However, with healthy growth in the bank’s bottom line forecast, Santander’s dividends per share are all set to rise by 11.8% next year. As such, it could prove to be a top income play over the medium to long term, and appears to be worth adding to your ISA." I have great faith in this company pulling back over the next few years so perhaps we will eventually see the £6 I foolishly predicted last year. I regard the current price as a strong buying opportunity. Of course the dividend now isn't what we are used to, but remains good, especially in prospect and when compared to the sector.
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