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I and my parishioners are a little confused, so correct us if we are wrong. We hold shares in Banco Santander following on from the Abbey National days. Everybody keeps on about a rights issue. Surely this only occurs when something is offered for sale. As this is not costing us anything, I think, shouldn't the correct terminology be that it is a scrip dividend.
every blessing rev shep
It's just like a dividend. You could also say dividends aren't helpful as they decrease the SP once they go XD. Banks were told not to issue dividends this year due to Covid. Santander found a way round it with this rights issue. The new shares are received on Dec 11th but should be able to trade the rights to them before that date - not sure when though - I thought the rights would be tradeable by today. I would expect an SP drop of about 8p/9p as soon as the rights are tradeable. So, if you have 1000 shares you will get an extra (1000/23) 43 shares worth about (43*2.07) £89 on Dec 11th.
Good point Low:
Just been advised by my broker...so for 10k shares ...i would receive 10000/23 × 2.07 at todays price...
Obvious question is if theres a share dilution will the SP decline when the rights are issued and if so to what level?
Or am I way off the mark here ?
Can anyone explain how Santander creating extra shares in lew of dividends benefits existing shareholders.
Surely I will end up with slightly more shares however each existing share will be worth a slightly smaller fraction of the company because of the dilution effect ?????????
yaaaaaaaaaa yaaaaaa oh yerrrrr
Correction Cantera. Talking about dividends.
BNC appearing on Bloomberg TV in a few minutes, Ana Botin.
I bought some in the slump at 145p.....seems the market is beginning to feel the amount put aside for loan losses may have peaked and there is quite a war chest available now on the books .....judging by the Barclays comment and result today
:+)
Side Stepping The Banks .......... "Risk Off" For Another 3/4 Sessions Best Guess 96.4 Dxy Should Get Blown Through .Gla
Anyone knows why we had a sudden drop in the sp after 3pm?
From Central Banks After The Reset ............. Once Pension Funds Start Putting Their Assets Into AU Will Be The Trigger.
how will Joe public get a mortgage
Retail Banking To Go The Way Of The DoDo ..... Kraken Issued Licence Just The Start To Serfdom.
can't see why
It Will Be Too Late ............ Penny Stocks At Best.............. Drag Up 30yr Chart Of Any Bank ............ Banks Will Not Be Bailed Out This Time....... And The Politicians Will Say They Are On Your Side.
You Couldn't Make It Up .......... At Least They Will Be Able To Say They bought A Tier One Asset ....... Till It's Not.
Trouble Is The Banks Are Not Lending And Tightening Lending Standards ......... But The Main Problem Is US GDP Is So Low And Revenue Falling They Have To Print Just To Pay The Interest ....... Without Fiscal Spending The "Fed" Is Powerless In The "Real" Economy.
well the fact that they keep creating scrip divs doesnt help...and ulta low interest rates fo 3 years..if the FED is right..will continue to hit their earnings ...so..they are a bit hemmed in at the moment...poor revenue inat one end, and loan loss risks at the other end ...not the best business to be in right now
BNC shares soon to be 'junk bond ' status.
It's the lowest these shares have ever been.
Remember the financial crisis these shares were selling at £4 a go.
So the question is 'how low can BNC shares go'?
I thought the US Fed were merrily buying up US Corporate debt and US Treasuries and shoving it on their balance sheet?
Whilst US Governmen Debt issue is high he notion that the FED isasying it sees interest rates at rock bottom until 2023 suggests that ianterest payments will remain somewhat steady.
The situation today is that they can have, for example, 30% more debt on their books than 10-15 years ago...but as a result of rock bottom interest rates are actually paying, in relative terms, less than then in interest payments for it... so it is cheaper to borrow more money now, than less money then...
Triple Witching Next Week ....... Expecting A Smash And Grab Tonight .......... The Senate Putting Pressure On The Bond Markets Won't Help.Gla
Could Get Choppy.
This share is going up and down like a pair of elasticated knickers !
Getting dizzy seeing it go up one day down the next.
WTF.