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Here is a link to the conference call regrding 2012 earnings for those interested.
http://seekingalpha.com/article/1146921-banco-santander-s-a-management-discusses-q4-2012-results-earnings-call-transcript?source=yahoo
I am waiting to review the 20-F personally.
News out. If this bond sale for Santander goes half as well as it did for Bank of Ireland it could be a real impetus to upside appreciation.
http://www.euroinvestor.com/news/2013/01/21/santander-plans-5-year-euro-covered-bond-sale/12180920
The fees was .0025 distribution fee and .035 stock issuance fee per
Nice. Thought time had already elapsed. You dont want to fool with selling foreign rights in my experience, the broker fees incurred might eat up most of your dividend.
22nd 8pm east time
What is the last day to declare your preference before it goes to default and what is the default? Just curious
Yea I'm in total agreement maximum profit by taking shares.
Yeah, you opt for shares and get more value from no tax. Equalizes or better the commission cost when you sell the shares earned, if that is your intention.
Sale of rights is a royal pain in the ass from my experience with other foreign stocks. Just FYI. Maybe take the shares instead and sell them on the market when they come into your account if it is not too late to give instruction, IMO of course, which is what I think you are seeking.
I see what's up
.1201 euro no tax or .15 euro but taxed
.1201 euro is spanish market price took me a min to figure out what the price was!
Sale of rights at Spanish market tbd no Spanish tax with held or
.152853 usd minus the double tax
I dont understand. Sell what on Spanish market?
Thanks for the info
Sounds like a plan, nothing wrong with diversification. I dont remember what day instructions were to given by, sorry. I think the default if you give no instruction is cash divi but its been awhile since I looked being as I gave my broker instruction to always take the shares unless otherwise instructed to change the preference.
All depends on what your investment plan is as to which option is better, and sounds like you got it figured out. Best wishes in your investments.
But I have to sell it on Spanish market and that's what's got me as I don't follow it
There is a no Spanish tax option figured I'd take the div and reinvest in another security to diversify
I get my options electronically and chose the shares in lieu of cash divi, and have for many quarters now.
If you take the cash divi, you will be double taxed, once by the Spanish govt and once in your US tax statement.
Depends on if you want the cash anyway or are trying to build a longterm position in shares.
If the past conversion rate is still in effect, you will receive one share for every 36 owned if you choose that option.
Does anyone know what the default is if one does not get specific instructions to their broker in time? I cannot remember.
Hey did anyone get the optional dividen paperwork yet USA reference?
Between option 2 and option 3 which is the most profitable?
Malc, not a good idea of having STD. SAN is much better. It made me feel bad to recommend STD to others!-:)
Long SAN, miss my STD.
Up 2% today go SAN and I see this one outperforming bac, I'm long San
Boy this is a gem of a stock. I see $$$ here as long as Europe gets it right
What?
Dont quite understand it. If you want to keep the stock, then you can either buy back the calls, or.... roll the calls up and out.
i have no interest in pumping the stock. i just need all the help in following the activities. i own quite a bit of it, but sold a lot of covered calls, ending up with not enough(got it?) so come jan, i will be back in the market for replacement. i sold 6 month calls for an almost 20% price increase plus premium. they come due in jan, and it looks like the stock will be called. i have great difficulty with the san website.
Im sorry, I dont really know how to get more people to this board, nor what the value would be there. This is a multi-national big board stock with a huge market cap even undervalued.
I dont think the thoughts/comments of the message boards has much effect on a stock like this. Its macro sentiment, not penny stock momentum that moves this stock.
on prior divi, default was cash. on the fall 2012 payment, the default was stock. or script or whatever it is called. etrade decided not to notify me of the distribution. it was in there, but i did not see it.
do you have any idea how to attract more people to this board? a group of us(about 20) abandon the newer better yahoo boards, and came over here to exchange sympathies over our ownership of fannie/freddie pfds. would also like to get the people from RBS to start posting. they actually seemed to know what they were doing.
I have S Trade and have been receiving shares in lieu of divis for quite some time now. My bonus shares just showed up in my account last Friday from the current payout.
Perhaps your broker is just a bit slower to remit you your shares or cash depending on your choice. Have you been giving them your instructions? Im fairly certain cash is the default unless you instruct your broker you want shares instead.
missed dividend???
i did not get a oct-nov div. anyone else get missed. ex-10/12, pay 11/13. i had calls into etrade. just sent them a love note today. i have what i consider a serious holding in san, so missing a divi is a big deal.
Santander still climbing. BBVA has been recovering as well, although their books are not nearly as strong IMO. Looking forward to more shares coming into my account in lieu of the cash divi. This shares option has been a great way to build a long term position.
I am afraid we will see the beginning of a short term correction, with SAN closing in the bottom Bollinger bang over the past few closes, the reversing MACD.
Not quite set on cutting any positions, however would look to add if opportunities come up. SAN is a core, long term holding for me.
If I was trading it, I might even be looking to short it.
May pick up some protective puts though.
Thanks. Record date Oct. 16th. Im going to add a few to level off divi shares before that. And Im going to call the broker anyway tommorrow and cross that off the LTD before I forget. I dont want the plithy divi after double tax if I can have shares instead to hold LT. And Im pretty sure if you dont call and give specific instructions everytime you dont get put into the shares in lieu of cash divi pool.
Last conversion rate was 1-36 if you opted in shares in lieu of divi. I dont know how you got stuck with 1-47. You got robbed by the brokerage lol.
Got it...
Record date of October 16th,
Instructions to broker by October 26th,
Payment during week of Nov 12th.
Final conversion ratio on October 15th
http://www.santander.com/csgs/Satellite/CFWCSancomQP01/en_GB/Corporate/Shareholders/Shareholders-US/Santander-Scrip-Dividend.html
http://www.santander.com/csgs/Satellite?appID=santander.wc.CFWCSancomQP01&c=DocumentoGS&canal=CSCORP&cid=1278684152922&empr=CFWCSancomQP01&leng=en_GB&pagename=CFWCSancomQP01%2FDocumentoGS%2FDocumentoGSPreview
Something screams to me October 21st, iirc.
Last one I got was 1 new share per 47.
Reminds me to give instructions as well. Options house already screwed me on the dividend once, as they want you to call every time.
As per SAN's disclosure, the default option per Chase is shares... and if you gave instructions before, they should still be good.
But alas.
Im keen on Santander but miss the ticker STD. SAN is too blah, but it does acurately reflect the current market sentiment.
Santander has very strong financials for an otherwise troubled Euro fins sector. The sentiment regarding the EU is the holdup, not the financials. Santander is well capitalized, derives half of their earnings outside of Europe, and has made adequate provisions IMO for further losses in their real estate holdings - already priced in on the books but not priced into the pps in the current market sentiment.
Santander has also been giving me free shares instead of cash dividends for several quarters now. I am glad you posted regarding sleepy Santander today because that reminded me I need to call my broker tommorrow and give my dividend instructions.
Do you happen to know the ex-dividend date for this period? I also want to increase my position beforehand, the ratio was one share for every 36 owned last time around.
Too bad the ticker changed, I cant use our old joke anymore in the small investment group I partake in - "STD, try some, its not so bad...."
malc
Santander as a long term core holding.
I must say, working in the financial services industry, and seeing all of the values that were presented during 2007 and 2008, I feel SAN is one of those value options for the long term.
The only thing wrong with SAN is that it is a Spanish bank. Their balance sheet is superb, and still able to cover the dividend with a low percentage of the cash flow.
LOL, STD is was kind of cute. I am sure they did not want to be associated with a Sexually transmitted disease though. =)
Santander has been on fire since getting rid of the STD.
Draghi backing Spanish bonds doesnt hurt either. But were not out of the woods yet.
Santander awarded World's Best Bank in 2012 by Euromoney magazine - The magazine also named Santander Best Bank in the UK, Poland, Portugal, Mexico and Argentina. - Euromoney highlighted the Group's diversification, model of subsidiaries and cost/income efficiency, the best among international Banks. - "It is hard to think of a bank that could have faced the challenges that Santander has already overcome better than Botin and his colleagues have done. And the smart money has to be on them doing so again," Euromoney said.
PR Newswire
Pullback at the open Tuesday
http://edition.cnn.com/2012/05/28/business/spain-borrowing-costs/index.html?hpt=hp_t3
Loans across Spain having issues.
http://finance.yahoo.com/news/spain-banks-bad-loans-highest-since-oct-94-094146407--sector.html
Next week will be interesting imo.
http://online.wsj.com/article/SB10001424052702304356604577340971215097612.html?ru=yahoo&mod=yahoo_hs
This explains a new 52 week low imo.
http://www.bloomberg.com/news/2012-04-13/spain-default-swaps-rise-to-record-498-basis-points-cma-says.html
Going to be a interesting week imo.
http://www.reuters.com/article/2012/01/23/us-japan-economy-tankan-idUSTRE80M0AT20120123
STD. Santanders combination of selling some Brazilian assets and other minor assets in Latin America and the offering of new shares as opposed to divi's to existing shareholders, even the holders of the US ADR, how allowed STD to raise core capital rather painlessly. STD, LYG and IRE are all capitalized at core ratios 0f 9% or better.
Now we just need some signs of recovery in the Eurozone in general but I am not holding my breath. It is a very good time to load for the LT providing that Europe does not collapse.
malc
STD sale assets rather than raising capital tru dillution.
Europe stocks lower after Franco-German talks
10:23a ET January 9, 2012 (MarketWatch)
MADRID (MarketWatch) -- European stock markets drifted lower on Monday, with UniCredit SpA leading the banking sector south, and GlaxoSmithKline PLC weighing on pharmaceuticals, as investors considered a meeting between French and German leaders.
Early losses for Wall Street also pressured the Stoxx Europe 600 index , down 0.5% to 246.21 in afternoon trade, following a gain of 1.2% last week. Read more on U.S. stocks.
Weighing on the downside for the Stoxx 600, shares of heavyweight GlaxoSmithKline PLC sank 4.3% after the release of results on trials for lung drug Relovair.
Markets spent the day near the flat line as German Chancellor Angela Merkel and French President Nicolas Sarkozy met in Berlin. In comments after the meeting, they presented a united front on the euro, and said progress had been made on plans to forge a pact to tighten up budget rules across the region. Read more on Merkel and Sarkozy.
But Merkel said Greece must complete its debt haircut soon or it won't receive its second aid package.
Over the weekend, a report in a German newspaper said Greece's second bailout will need to be bigger than the planned 130 billion euros ($166 billion) owing to worsening budget figures.
The Greece ASE Composite index fell 1% to 641.85, led by a 3.5% fall for National Bank of Greece SA
"I think what the markets are waiting for is a bit of a lead," said Mike Lenhoff, chief strategist with Brewin Dolphin. "To be honest, I didn't really think the meeting that was held today with the two leaders was going to provide very much for the markets.
"If by March they actually can agree to a very specific framework which will set the stage for fiscal integration...then I think that will be very good," said Lenhoff. "On [the] back of improving prospects out of America it may not take a big outcome or change to positively affect sentiment."
Away from the Europe debt crisis, the chairman of the governing board of the Swiss National Bank, Philipp Hildebrand, resigned amid a controversy over currency trades by Hildebrand's wife weeks before a move by the SNB that significantly weakened the franc.
Italian, Spanish banks in focus
Shares of UniCredit SpA were a top decliner for the Stoxx 600, down over 10% as Monday marked the kickoff of a ?7.5 billion euro rights issue, which offers two new shares for every one held.
UniCredit fell 36% last week after announcing Jan. 4 it would issue shares at a 43% discount to raise capital. Other Italian banks continued to fall, similar to last week, with Banca Monte dei Paschi di Siena SpA down 6.3% and Mediobanca Banca Di Credito Finanziario SpA off 2.8%.
Italian debt came under pressure, sending the yield on the 10-year Italian government bond up 10 basis points to just over 7%. Yields for Spain's benchmark bond fell 13 basis points to 5.50%.
On the upside, shares of Banco Santander SA rose 1%, keeping the Spain IBEX 35 index in the black, up 0.3% to 8,313.30.
In a statement, Santander said it reached a core capital ratio of 9% ahead of the European Banking Authority's deadline of June 30, and said it still aims to reach a core capital ratio of 10% percent by the end of June 2012.
The French CAC 40 index fell 0.4% to 3,123.46, with shares of Societe Generale SA , down 3.4% amid a downbeat banking sector.
Peugeot SA fell 3.6% to ?12.37 after Citigroup analysts cut their price target to ?14 from ?17.
The German DAX 30 index fell 0.9% to 6,004.47, with shares of COMMERZBANK AG down 4.2%.
But BMW AG rose 2% after reporting its best sales result ever in 2011 on Monday, with sales up 14.2% to 1,668.983 vehicles. Ian Robertson, a member of the board of management of BMW, said at the North American International Auto Show in Detroit that the group expects to remain the world's top-selling premium car maker in 2012.
Shares of Daimler AG rose 0.8%.
The U.K.'s FTSE 100 index fell 0.5% to 5,615.88, pressured by losses for GlaxoSmithKline. Banks were also weak with shares of Barclays PLC off 3.3% and Lloyds Banking Group PLC down 2.5%.
Resource stocks also weighed, with Anglo American PLC down 1.1% and BP PLC down 0.7%.
The telecommunications sector was under pressure in Europe. Shares of L.M. Ericsson Telephone Co. fell 1.3% and Nokia Corp. dropped 1.6%.
RF Micro Devices Inc. , whose biggest customer is Nokia, last week reduced its third-quarter outlook.
Shares of Swiss-based banking software group Tenemos Group AG fell 6.7% after announcing Mark Austin had resigned as a member of the board of directors. The board had previously said it would not seek his re-election at an upcoming annual general meeting.
Getting better every week.
http://www.zerohedge.com/contributed/watch-pandemic-bank-flu-spread-italy-france-spain-big-not-fail?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
http://finance.yahoo.com/news/China-funds-bail-Europe-CNBC-theflyonthewall-1242630989.html?x=0&l=1
http://money.cnn.com/2011/11/15/markets/thebuzz/index.htm?source=yahoo_quote
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*** UNDER CONSTRUCTION ***
Banco Santander, S.A. operates as a commercial and private bank primarily in Spain, the United Kingdom, other European countries, and Latin America. It operates in three segments: Retail Banking, Global Wholesale Banking, and Asset Management and Insurance. The Retail Banking segment offers a range of deposit products, including savings, current, demand, time, and notice deposits, as well as international and domestic interbank deposits; and loan products and services, such as auto financing, personal loans, mortgages, and leasing and renting. This segment also offers credit cards, automated cash dispensers, savings books updaters, telephone banking, and electronic and Internet banking. The Global Wholesale Banking segment provides corporate banking, treasury, and investment banking services. Its products and services include commercial financing, funds, trade finance, transactional products, custody services, corporate finance, structured finance, and capital structuring. This segment also engages in the trading and distribution of equities. The Asset Management and Insurance segment involves in the design and management of mutual and pension funds, and insurance products. As of December 31, 2007, the company had 5,976 branch offices in Continental Europe; 704 branches in the United Kingdom; and 4,498 branches in Latin America. It serves individuals, small and medium enterprises, companies, institutional investors, and financial institutions. The company was founded in 1857 and is headquartered in Madrid, Spain.
Dividend Information
One of the reasons to own Santander is the fantastic dividend options that you receive. Yielding far beyond anything you would get in a CD, or fixed income, you have a great, steady (for now) dividend that can be taken in a few ways, cash, warrants, or shares. There are tax savings to taking the dividend in shares. Info can be found here... http://www.santander.com/csgs/Satellite/CFWCSancomQP01/en_GB/Corporate/Shareholders/Shareholders-US/Santander-Scrip-Dividend.html
FINVIZ reports an OS of 8.16B and float of 6.44B shares.
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