I have held BNC since 2012 when I was lucky to buy in at under £4. Since then I have predicted (guessed if you like) £4.50, £5.00, £5.50 and recently (to myself only) £6.00 and £6.50. In mid 2014 BNC did burst comfortably through £6 only to drop again. I am not really a chartist, graphs cannot show futures, only past patterns. Instead I go on instinct, research on google and in the papers, company reports and watching how the bank performs in the real world. One big factor contributing to my views has been the successful break through in the UK market. Another has been the near miraculous way that capital and funds can be found by selling overseas assets. I also like the way the national banks are give considerable freedom in their areas, indeed the UK may well be floated in London soon. Well here goes: £6.50 by Christmas 2015... The analysts do not all agree with me. 34 analysts: 4 buys; 2 overweight; 18 hold; 2 underweight; 8 sell. But then I never agree with them either!
However they may have issued more shares to cover the 300 million for the 2015 British stress tests, as per my21. I think there will have to be an RNS Monday to clarify the holder / buyer of that many shares. It does not detract from the value of BNC as an investment, I think it remains very good value as a medium term investment for dividend and possible capital growth.
Santander boosts financial safety net as tougher stress tests loom: Santander U.K. has been handed £300 million by its Spanish parent to bolster the bank’s capital position as Britain’s biggest lenders prepare for a tougher round of Bank of England stress tests in 2015.
delayed trade 226 million, 40,489,401 shares, must have confidence in BNC going up, 2015 will be a big year for BNC..
RE: Ibex chart falling from cliff
At first glance, any pain in Spain should be bad news for a Spanish bank. However thanks to Santander's very wide geographical diversification and strength overseas it does only 1/3rd of its business in Spain. Seems bad news from the Spanish economy is good news for those like me who want to buy more of this stock.
Ibex chart falling from cliff
The Ibex http://www.tradingeconomics.com/spain/stock-market
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