Replies to post #12268 on National Bank of Greece ADR (fka NBGGY)

[MasterBlastr]

At the same time, they would not have to go down as far into the buy orders to fill the required amount. It will be interesting to see how much they take if they were oversubscribed.

[NewbieWar]

This thing will not see a major pop in price until it shows a positive revenue.

Once it shows a profit, the ROI will be higher than it should be, due to a reduced liabilities/debt(bailed in securities). That may allow the bank to trade at a multiple of book value as most financial institutions.

However this is several quarters if not years away. Q3 NBG Greece showed a profit, but the NBG Group showed a loss, so we are on the verge of improvement, if we see a inflow of deposits, we should get back to profits.