lifetime guarantee
02 Aug 2017
Re: New Shares Got my entitlement in TDW and HL. Money refunded for the 'extras' I applied for.
5 Iron
01 Aug 2017
Re: New Shares I think they were over subscribed. You have only got your entitlement. No extras!
fillmyboots
01 Aug 2017
New Shares Does anybody know when these will be issued?
Hardcore Uproar
01 Aug 2017
Banco Poplar Was on the verge of collapse, defaulted on its coco bonds, the only thing positive about this bank was its high end retail customer base which includes Opus Dei.
Market Guru
31 Jul 2017
Sumarry of H1 2017 Results Banco Santander Group Executive Chairman, Ana Botín, said: “We have continued to deliver on our commitments, creating strong profitable growth, and further improving the quality of our earnings throughout the Group. The business has seen positive trends across all markets with particularly strong growth in Latin America, further improvements in Spain, and robust performance in the UK despite the ongoing challenges.” Watch video H1 Group Results by José Antonio Álvarez Rate and commentBanco Santander earned an attributable profit of €3,605 million during the first half of 2017, an increase of 24% compared to the same period last year. This was driven by an increase in customer revenues, disciplined cost control, and further improvements in loan loss provisions. Banco Popular, which Santander acquired on 7 June 2017, contributed a further €11 million to the Group’s attributable profit in the period to 30 June 2017, bringing total Group attributable profit to €3,616 million during the first half of 2017 and €1,749 million in the standalone second quarter (+37% compared to second quarter of 2016).Ana Botín highlighted: “Since acquiring Popular less than two months ago we have made significant progress in addressing the immediate priorities: We have raised the capital necessary to meet our requirements and announced a process to reduce Popular’s real estate exposures; we have launched a commercial action to help build loyalty among customers affected by the resolution; we have confirmed the financial estimates made during the acquisition; and we now have a new board and management team in place. Furthermore, we are pleased to say that the quality and commitment of Popular´s teams is very high. We are, therefore, extremely confident that we will deliver a return on investment of 13-14% by 2019.”Ana Botín added: “The banking industry continues to face challenges, but we are well placed to further support our customers and continue to grow profitably. We remain committed to meeting our commercial and financial targets for 2018 and doing so in the right way.”José Antonio Álvarez, CEO, stated: “One of the highlights in the first half of the year has been the acquisition of Banco Popular. It is a transaction that has a solid strategic and business fit in an attractive moment of the cycle and which greatly strengthens our position in Spain and Portugal”.Positive trends across all markets The Group continued to see positive trends across all markets, with revenues increasing in eight of the Group’s ten core markets. Gross income increased by 11% to €23,939 million (+7% in constant euros) with net interest income and fee income increasing by 11% and 16% respectively (7% and 11% in constant euros).Santander has continued to help people and businesses prosper across all its markets during the period, with the number of loyal customers (people who see Santander as their main bank) growing by 1.9 million since 30 June 2016 to 16.3 million. Lending and customer funds were up by 1% and 8% respectively in constant euros over the same period. The acquisition of Popular increases customers loans by 10% (€82,600 million) to €861,200 million. Customer deposits increase by 8.5% (€64,800 million), to €764,300 million. While customer deposits in Banco Popular fell by €20,000 million in Spain in the period from 30 December 2016 and 7 June 2017, following the resolution process a subsequent acquisition deposit levels have begun to recover, increasing by €5,000 million in the weeks following the acquisition.Commercial transformation The Group continued to deliver on its commercial transformation with digital customers increasing by 4 million over the last 12 months to 23 million. The progression in digital transformation, combined with strong cost discipline, allowed Santander to maintain its position as one of the most efficient banks in the world. The cost/income ratio, a key measure of efficiency, remained bro
Market Guru
27 Jul 2017
Rights Issue - Update Banco Santander announced yesterday that it has concluded the €7.072 billion rights issues initiated on 3 July 2017 following the acquisition of Banco Popular. The transaction, the largest M&A financing rights issue globally since 2010, was subscribed more than eight times over with the value of total demand for subscriptions equivalent to more than €58 billion. Requests to subscribe a total of 12,081,854,169 shares were received during the transaction, representing 829% of the 1,458,232,745 new shares issued. The new shares are expected to start trading on Spanish stock exchanges on July 31st.The transaction achieved the tightest discount to TERP (17.75%) seen in any M&A financing rights issue globally above €3bn in the last 10 years.Since the announcement of the rights issue, which will increase the number of Santander shares by 10%, the bank’s share price has increased by 1.78%, making Santander the only bank to achieve a positive share price performance from the date of announcement to the end of subscription period among recent rights issues.During 2017 Santander’s share price has increased by 19% (at 26 July 2017), with a total shareholder return (‘TSR’
, including dividends paid in 2017, of 21.4%, well above the total return of the Eurostoxx Banks Index of 14%.Feedback from analysts and investors has been positive with number of ‘buy’ ratings for Banco Santander S.A. increasing by 11 percentage points from 32% of analysts to 43% since the transaction was announced.Banco Santander Chief Financial Officer, Jose Garcia Cantera, said:“The acquisition of Popular is a unique opportunity to accelerate our strategy in Spain and Portugal and we are delighted with the success of this rights issue and the support we have received from investors. It is a testament to the strength of the strategic and financial rationale supporting the deal, as well as a strong vote of confidence in Banco Santander, in Spain and in Europe.”The integration of Santander and Popular will significantly enhance Santander’s franchises in both Spain and Portugal. In Spain, the Bank will become market leader in both lending and deposits, serving over 17 million customers with a credit market share of c.20%. The combined business will have a 25% market share in SME lending in Spain - a key driver of economic growth for the country.
lifetime guarantee
25 Jul 2017
Re: The Catalonia problem Catalonia has had issue with the Castillians since the 15th century, at least. I can't see the separatists winning (just like the last few centuries)
Hardcore Uproar
24 Jul 2017
The Catalonia problem www.wolfstreet.com/2017/07/23/catalonia-independence-strife-financial-showdown-spain-government/
lifetime guarantee
20 Jul 2017
Re: Good deal. last day of preemptive subscription period is today. Is this affecting the sp? I would imagine there were some ppl selling shares to take up the rights over the last 15 days.
fillmyboots
11 Jul 2017
Re Motley Fool have emailed today about the rights issue so I've accepted the 10 for 1 offer on my entire holding.
lifetime guarantee
11 Jul 2017
Re: Good deal. I'm with TDW (for my sins) and they have given me the option to subscribe to 'rights issue' or 'international rights issue'. The latter doesn't allow me to proceed, the former does let me subscribe. Doesn't make much sense to me (but quite a lot of things are like that now).
PHILKES
11 Jul 2017
Re: Good deal. So is it 1 new Santander share for every 10 held? I have 211 so I can buy 21 new shares at the price stated?
picstloup
10 Jul 2017
Re: Good deal. Investec lets me take up the rights, so I will, and am going for the excess, applying for 573, but will, on previous experience, be scaled down to closer to the 384 I'm automatically entitled to.
Gruffly bear
10 Jul 2017
Re: Good deal. I've been in touch with Share cast (Santander holding people run by Equinity). No option to subscribe if shares held with Santander service as they have already sol the options. Livid.
bamboozled
10 Jul 2017
Re: Good deal. Just an email from Charles Stanley last Friday with the outline of the offer and deadline.One subscription share for each share held,for every ten sub shares entitling one new share @ 4.84eu I think. Can't copy email,its been deleted.
