m22au's journal

Discussion in 'Journals' started by m22au, Aug 25, 2003.

  1. m22au

    m22au

    #391     Apr 22, 2017
  2. m22au

    m22au

    #392     Apr 30, 2017
  3. m22au

    m22au

    #393     May 3, 2017
  4. m22au

    m22au

    #394     May 4, 2017
  5. m22au

    m22au

  6. m22au

    m22au

    29 May
    "Banco Popular’s Co-Co Bonds Plunge as Balance Sheet Chaos Revealed in Potential Forced Sale"
    http://wolfstreet.com/2017/05/29/banco-popular-co-co-bonds-plunge-balance-sheet-chaos-forced-sale/

    12 May
    "Hit by Run on Deposits, Banco Popular Denies it’s Looking for Rushed Takeover to Avert Collapse"
    http://wolfstreet.com/2017/05/12/ru...ain-denies-rushed-takeover-to-avert-collapse/

    Some related articles:

    http://www.eleconomista.es/mercados...rtos-va-desde-los-15-hasta-los-025-euros.html

    http://www.expansion.com/empresas/banca/2017/05/25/5925e620ca474184048b4601.html

    http://www.expansion.com/empresas/banca/2017/05/26/5927c32b268e3e4b608b4607.html

    https://translate.google.com/

    **************

    Today - Wednesday 31 May, POP down 5.5% to 0.614 (Tuesday 30 May close was 0.650).

    POP 52-week low 0.595

    POP self-imposed deadline for bids is (Sat) 10 June

    .
     
    Last edited: May 31, 2017
    #396     May 31, 2017
  7. m22au

    m22au

    #397     Jun 1, 2017
  8. m22au

    m22au

    Santander bought POP for 1 EUR. (Not 1 EUR per share, but 1 EUR total consideration).

    https://srb.europa.eu/en/node/315
    https://srb.europa.eu/sites/srbsite/files/note_summarising_effects_07062017_5.pdf

    It's unclear whether the common shares were wiped out to (exactly) zero, or whether shareholders will share in the 1 EUR consideration.

    However with approximately 4.197 billion shares outstanding as at Monday 5 June 2017,
    https://www.bloomberg.com/quote/POP:SM
    that 1 EUR consideration would be worth a tiny fraction of a cent for each shareholder.

    Bloomberg article:
    https://www.bloomberg.com/news/arti...taken-over-by-santander-after-eu-sees-failure

    .
     
    Last edited: Jun 7, 2017
    #398     Jun 7, 2017
  9. m22au

    m22au

    #399     Jun 7, 2017
  10. #400     Jun 7, 2017