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Another late start on the "L"s again today.
Almost hit my sell mark today. May be this week. I have 500 "L"s up at $7.45.
Yes, I see that, it was late in the day till the first trade.
Thirteen trades, with a total volume of 20,480.
Wonder if the perfs, "L"s, are being called - no trades today. Interesting.
$SBNY : 911 now….
@ $3.35
13:31:15
If you see it …. You know
GO $SBNY
It keeps going
New 52 week high on the "L"s again today $7.05. These things are cooking.
$SBNY: With RILY surging…. Read bullish-case for $SBNY
Signature Bank – why the 36,000% rise in 7 months?
— Undervalued-Shares.com (@uv_shares) April 19, 2024
Between October and December 2023, the share price of Signature Bank $SBNY rose from just 1 cent to USD 1.60. The stock then soared to USD 3.60, and currently trades at USD 3.30.
A fascinating case that may have further to run. pic.twitter.com/OrLqbYKAV6
"L"s just hit another 52 week high at $6.35.
Perfs hit a new 52 week high $6.10 old was $6.00.
The perfs are bumping that 52 week high at $5.95, $6 is the 52 week high.
This one.
Quote page> Trades
I believe it is delayed 15 or 20 minutes
What web site shows the quantities
It will be nice
Yeah. Some nice action in the highs.
$3.45. 100,000
$3.50 300,000
$3.45 200,000
Looks like it's getting ready to fly again pretty soon.
Pretty moot for those who have been following this from the beginning. They're loaded under twenty cents.
Retail is irrelevant at this point. Not needed.
U.S. can buy, you just gotta know how.
The major brokerages do not allow.
How much can this go up? Can the other bank stock on EM at rock bottom do what this is doing?
Had a guy post here a while back that he was in the Expert Market and was able to purchase. I inquired about that and he told me which broker he was with so I checked. In order to be in the Expert Market you had to have something like at least $1mil on account with them and a personal value in excess of $10mil.
You can go bsck thru the prior posts and see whick broker it was. The Expert Market is NOT for everyday investors.
They didn't get "lumped in".. They are separate, and being sold separate. Institutional players are currently buying sbny equity, and see returns based on assets above liabilities.
The FDIC has a joint venture with the signature assets.
So, currently here is the joint, and what's still held by Signature Bridge Bank:
$?.??? Billion in cash.
80% in the $17B CRE portfolio.
(20% to Blackstone)
95% in the $5.8B Multifamily portfolio.
(5% to Community preservation Corp.)
80% in the $9B Multifamily portfolio.
(20% to Santander)
Glad I still hold some 😉
$SBNY: It can't be bought on the open market
By retail investors.
How do you think that Ontario Pension Plan was able to get access to it ?
They have deeeeepppppp pockets.
Assets on the books prior to the SBF debacle/blowup were quite substantial.
They got lumped in with the likes of Silicon Valley Bank without anyone really differentiating the two and ljmpimg them as the same.
They are not !
Going much higher from here... and u still won't be able to purchase as a retail investor on the open market... that window is closed. Almost trading as if this thing has gone private.
From what I understand, broker-dealers, institutions, and accredited investors.
But, I can't confirm this to be 100% as fact, or complete information. Ask your broker, to be sure.
Do you what are these requirements?
Yes.
Unless you fall under the requirements to purchase on the "Expert Market."
You are saying SBNY cannot be bought in the U.S. markets? I was a crypto customer in Signature but pulled out completely before the shit hit the fan. Just now catching wind of the rise.
Elmasry
I think this is the only stock on the exert market that has gone up
It has been moving up and that is all what count
It's traded on the "Expert Market" and US retail can't buy...only sell.
I've seen Canadians both claim they can still buy, and some say they can't.
I think this is a vast majority smart money buying.
I have a feeling that one day soon is going to move very fast to 11 to 12 dollars
It is a question of more people getting aware of it
And that is happening at a faster rate right now
Good luck.
Definitely possible, and much higher I think in time.
MFN Partners taking a position with 9.5% in a recent filing, and Diameter Capital speaking at a conference, openly stating they have an investment and see this going above $600M market cap, are pretty solid signs of what's to come. Although I've yet been able to find a filing for Diameter Capital yet. Still.. Looks very promising for a possible monster gain from here.
Climbing quickly and large interests accumulating. Anyone have a guess on near term price? I'm guessing 12 in the next month or so. Anyone disagree?
I wondered if they consider the Perfs to be bonds???
MFN PARTNERS takes a position scooping up 9.5%.
https://fintel.io/doc/sec-mfn-partners-lp-1288784-sc-13g-2024-march-15-19797-1566
Diameter Capital's Goodwin sees value in failed Signature Bank's bonds, stock
https://finance.yahoo.com/news/diameter-capitals-goodwin-sees-value-203047357.html
Another new 52WH. This chart keeps going from great, to greater. Wow!
Signature Bank Chicago, is not affiliated with the Signature Bank out of New York.
Signature Bank Statement
Rosemont, Illinois-based Signature Bank Chicago was founded in 2006 and is a privately owned commercial bank serving clients throughout the Midwest. Recent events within the banking industry have led to weakened financial positions and the failure of some banks. One of those closures occurred recently with a bank that has a name similar to ours – “Signature Bank New York”. Signature Bank Chicago is not affiliated with this bank in any way. Signature Bank Chicago is well-capitalized and positioned for success, coming off a record year in 2022. The most recent press release on our financial performance can be found at the link here.
There is much to look forward to as we enter our 18th year of serving our clients. As the dust settles on this current financial controversy, just know that Signature Bank Chicago continues our careful and deliberate approach to running our own business so that we can better serve yours! If economic conditions worsen and you have any concerns at all about Signature Bank Chicago or the health of the U.S. banking system, please call any one of our founders directly:
Mick O’Rourke: 773-575-4913
Bryan Duncan: 847-736-1117
Kevin Bastuga: 773-255-7834
Learn More
nice steady move 3's new base now :) another thanks to my canadian broker lol
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