On paper this is a strong bank that buys distressed assets at the low rather than the top .... The hidden worry is if/when it overstretched itself. That said ... I recently read that Iran was looking to trade in euros rather than the dollar in oil which will I suspect be a coming trend with the demise of the petro dollar ... The UKP will get hit hard I suspect with Brexit fears ... And harder still if the UK is dumb enough to leave the EU ... When the IBEX recovers BNC will double from here… Read More
No, buy shares for the divi, 15 euro cents per ann. plus a scrip divi, approx. one for every 77 shares held. This equates to 5.15%. If all you are after is the quick profit, then I suggest a trip to the cassino or bookmakers might better suit your needs. This divi is almost double most european banks percentage divi, so yes perhaps these will double over the coming months or so. Should you know of any shares with a cast iron guarantee of better results than these then please enlighten… Read More
Benroom, I would invest my sharesave money in buying a few shares now at this lower price and tucking them away for the 3 or 5 years of the sharesave....if you are not optimistic about that you might as well drop out and live in the forest ...
Botins own BNC ...oh yeah right...next you will be telling us the Queen owns the whole of the UK
The whole family own less than 1%. Trust me? never trust anyone who says trust me. These shares are on the floor because of the spanish/european political situation and also their interests in Brazil. I would suggest that if you think they have much further to fall then you sell your holding and buyback in at the lower price you think they will fall to. Personally I am happy with the divi which pays, at the moment 4.81 percent after all deductions as… Read More
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