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Athens
26/07/2019
?National Bank of Greece will announce 2nd Quarter 2019 results on Thursday 29 August 2019, at 17:30, Greek time (GMT +2:00). A conference call for the presentation and discussion of the results is scheduled to follow at 18:00 on the same day.
50 Mio+ volume today.
People still going long on this stock?
It almost crashed back to before splitt range.
I assume as long as Italy is an issue this will keep falling.
How is everyone?
Going hard...
Anyone a good reason to why or general fear?
Uncertainty around NPL and Italy, opportunity or ?
https://www.google.be/amp/s/amp.ft.com/content/a19bbf16-c727-11e8-ba8f-ee390057b8c9
Anyone got an opinion on the effect of the SRB on the stock price for banks and more specific Greek banks?
https://srb.europa.eu/en/node/632
The SRB has emerged after the 2008 EU bankcrisis and has the capability to keep stockowners etc. responsible during failure by reducing stockprices. This should only be used in certain cases and for systembanks but it already happened to a Spanish bank:
https://srb.europa.eu/en/node/315
I assume it reduces upwards potential since more knowable traders will keep this risk in mind?
A couple of days now I notice a trend that there is a big spike in volume around 15h-15h30. Any a guess to why this would happen? (ETE on ATHEX)
Haha you start wondering what's more volatile, crypto vs greek banks :')...
I'll ride it out.
With all the news getting better this can't go down forever. But I am not expecting returns in the short-term.
Just as info, the following board is more active:
https://investorshub.advfn.com/National-Bank-of-Greece-ADR-NBGGY-17091/
Happy to have you.
Kr,
J
Exiting :)
Thanks for your opinion.
J
Someone has a clue for the latest drop?
Italy and Turkey rub off only?
Kr,
J
@all: what are your plans?
Wait it out?
Sell and buy back when it drops?
Sell and keep away?
Combo of the above?
I am thinking to wait it out or sell half in hope to buy back at cheaper prices. Not sure yet.
Thanks for your answer Chris777.
I have time, I'll sit this out and keep my shares.
When reading my quote again it seems not only a RS but something with the "bank's special reserve".
What does this mean exactly, new shares, buy back?
//Edit:
Found a document about one of the previous RS:
https://www.google.be/url?sa=t&source=web&rct=j&url=http://www.athexgroup.gr/documents/10180/4210701/57_11356_2015_English_2.pdf/4225a936-3cbb-4eae-bf42-53463c38149f&ved=2ahUKEwiyspaipLXcAhVD3aQKHU0uBSYQFjADegQIBxAB&usg=AOvVaw04q6S5q31NZgJVbjENP6SJ
And a short explaination of "share capital increase":
https://www.brreg.no/business/limited-company/share-capital/share-capital-increase/
It was actually a question.
But this was my way of thinking:
They say to increase the value of a share to €0.9 and it's worth about €0.3 today. (Roughly speaking of course..)
They made a statement like this in the past with a 1/10 split using similar wording:
https://www.nbg.gr/en/the-group/press-office/press-releases/reverse-split
But it's not completely clear to me so please correct me if I am wrong.
Kr
J
100 shares at €1
Or
25 shares at €4
still is the same sum.
I do understand that the multiplier goes down but if no one is interested in pennystock..
The question is if it has an impact on an uptrend and new investors?
At least the board of NBG seems to think this is positive for their position and they should know their market..
What do you guys think?
https://www.nbg.gr/english/the-group/press-office/press-releases/Pages/INVITATION-TO-THE-BANK’S-ANNUAL-GENERAL-MEETING-OF-SHAREHOLDERS.aspx
Quote:2. (i) Increase in the share capital by EUR 0.90, due to capitalization of an equal part of the Bank's special reserve of Article 4.4a of Codified Law 2190/1920, and concurrent (ii) increase in the nominal value of each common registered voting share of the Bank and reduction in the aggregate number of such shares by means of a reverse split. Amendment of Article 4 of the Banks Articles of Association. Granting of authorities.
So are we expecting a 1/4 RS?
Corporate presentation June/2018 seems slightly positive:
https://www.nbg.gr/english/the-group/investor-relations/financial-information/presentations/Documents/Presentations/NBG%20Corporate%20Presentation_June18.pdf