Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Judging by the uptick in Greece trading yesterday we could see a rise here today....
Yesterday was a good up day in Greece but the U.S.
market didn't follow so hopefully we catch up today
09/17/2015 | 02:29 pm
ATHENS (Reuters) - The recapitalisation of Greek banks must not dilute existing shareholdings too heavily or it could endanger efforts to regain the investor confidence essential to economic recovery, the chairman of Greece's third-largest lender said.
"It is very important to restore trust, but existing shareholders must not be wiped out. This would significantly narrow the group of investors willing to participate in the capital boost," he said.
Judging by the graph today I see quite a few don't know whether to stay in or get out before Sunday's elections. I say stay in because no matter what happens it's going to go up
Vangelis Meimarakis
This could be over one dollar after elections on Sunday
New Democracy in the lead at latest polls, if they win this stock could explode on Monday
Greek unemployment rate drops more than expected. rttnews.com/2553993/greece-...
EU's Moscovici statement is meaningless....The IMF has already said if Greece doesn't get a debt haircut they're not playing
Bloomberg ::: NBG up to 4% in the green with 600,000 shares traded and not once having touched red
all green in Greece on 93,000 shares
what I mean by .64 to .65 being a base before elections is it should not go lower but may go higher
.64 to .65 seems the low before elections. Up from low in Greece right now
Down 6% now in Greece
Getting worse in Greece. Now at yesterdays low.
Could end up under .65 today....not sure when down trend will end... .looks like people are getting out before elections this Sunday......Monday will either find 52 week lows or a slight uptrend....
If you're not in best to wait till Monday or Tuesday
Down again in Greece. Touched yesterday's low.
Trading at .58 US....we may see .65 today
judging by the low of day in Greece we could have another down day tomorrow
Down again in Greece because not too many people are going to stick around for the September 20th election....
Look for this to have a down week.... Try to get out today in the .70's and wait till next week after you know the results of election
Make sure you're out before September 20 elections. Selling pressure before then
In the news : recapitalization could take place before the September 20 elections...
After recap ....reverse split......this is to make it easier for the new government to organize the country
$NBG trading at $0.66 U.S. In Greece....not bad....$0.06 U.S. Premium at $0.72
NBG bad loans way down
thestreet.com/story/1327991
Up 3.5% in Greece
I don't recommend selling this week....you'll be chasing next week
Finally into the € .60 's in Greece and holding at .71 premarket in the U.S.
.71 premarket and up another 4% in Greece from yesterday's hike of 5%...
That's a 9% hike in 2 days as U.S. markets were closed yesterday
Ended up 5% in Greece
Up 1% in Greece
We need all those dummies who bought at a 50% premium in the U.S. to come back
Now up 13% in Greerce
hit up 8% in Greece... could be a good day
look up "Nbg Athens Exchange" to get Greece quote
Up 5.5% in Greece
So how can banks recapitalize?
There are many ways to recapitalize, in ways that both involve and don’t involve the government. The key message is banks – just like taxpayers – typically prefer not to be recapitalized through government programs. This is because government stakes in banks will dilute the original shareholders.
Ways European banks are hoping to recapitalize:
Rights issues: ask current shareholders to invest new funds in the bank
Deleverage – shrink the size of the lending book by lending less (the capital ratio has a denominator as well as a numerator!)
Grow retained earnings (profits which aren’t distributed to shareholders, and thus stay on the balance sheet as additional cushion):
Reduce staff pay (read: reduce bonuses) – investment banks bonus structure allows huge year-on-year flexibility on staff pay
Reduce dividends
Seek large-scale investor to make large one-off investment – e.g., call Warren Buffett.
Go cap in hand to the government
Again, bank’s typically avoid government bailouts to avoid diluting current shareholders
In extreme conditions, such as RBS and Lloyds, banks are basically seized and recapitalized by the government – eg original shareholders wiped out, government is the new owner
However some capitalization programs, such as TARP, were designed in ways that didn’t significantly impact shareholder wealth, and thus were popular amongst banks
Now up 2.65% in Greece
Up 1.5% in Greece
HELSINKI (Reuters) - Greek banks will recover from the current crisis because they entered the turbulence relatively strong thanks to earlier reform efforts, Daniele Nouy, the European Central Bank's banking supervision chair, said on Thursday.
Up 13 % in Greece....buy time....it has paired US price
It's obvious you sold your position and now became a basher
Closed up 26% in Greece
Upticked to 20% in Greece now