WShak

Boards Post

WShak replied to the Paulypilot's Pub - Share Ideas board. 11:28

Re: CAPD Capital drilling.

Very disappointing update from CAPD and the big sell-off in recent weeks is a sign that the company doesn't keep a particularly tight ship with respect to market sensitive information.

Whilst the company is undervalued, I'm not tempted to [more]

Boards Post

WShak replied to the Banking Sector board. 15:37

Re: National Bank of Greece Common Shares

Is it just me who thinks the common has gone daft/crazy/bonkers?

In reality, the ex-rights price is hardly moving. There will be a deeply discounted rights issue, where today's buyers will have pre-emption rights, and so the price [more]

Boards Post

WShak replied to the Bert's Investor Sanctuary board. 11:27

Re: Greek 1% GDP-Linked Securities

One of my ISA managers has confirmed that as the securities don't settle in CREST, they're unable to purchase for me. If you don't mind my asking, earlier in the thread you mentioned a family member with an ISA that was able to purchase a slug of [more]

Boards Post

WShak replied to the Cricket board. 11:08

Re: IPL corruption?

Sadly, cricket doesn't take corruption seriously and the game is becoming the equivalent of WWF. Whatever money is thrown at cricketers in the IPL, the massive illegal gambling industry in India will ensure that they get the odds that they [more]

Boards Post

WShak replied to the Bert's Investor Sanctuary board. 09:56

Re: Greek 1% GDP-Linked Securities

It's worth having an update on this thread because a lot has changed in Greece in only six months. As a result, a lot of hedge fund managers have now started appearing in the media, beating their chests about the potential of the country - the idea [more]

Boards Post

WShak replied to the Banking Sector board. 11:55

Re: co-op Bank sub debt

Co-op bank might be fine, or it might not. However, current analysis from Barclays under "stressed" conditions suggests that the capital hole might be £1.8bn.

[more]

Boards Post

WShak replied to the Banking Sector board. 10:17

Re: co-op Bank sub debt

Sticking my neck on the line here, but I would treat this as the start of the problems, not the end -- bail now and reconsider later. Look back at Avidya's recent posts on this board if you need any stimulus.

At the kind of yields on [more]

Boards Post

WShak replied to the Banking Sector board. 20:03

Re: National Bank of Greece Prefs (NBG-A)

As mentioned on the 'NBG Common' thread, the bank has today started its LME, but has gone down the straight cash route at 40% of par, rather than looking for a debt/equity swap. This means they won't raise as much capital as they might have but it [more]

Boards Post

WShak replied to the Banking Sector board. 19:34

Re: National Bank of Greece Common Shares

My greekie contacts tell me the tender price is at 40%....are we missing something?

Still looks good from 30....but how do you get to double your money even if the share price collapses?

A badly priced tender, IMHO, and I [more]

Boards Post

WShak replied to the Banking Sector board. 14:06

Re: National Bank of Greece Common Shares

I have (probably) taken on some exposure to NBG common through buying a good chunk of the T1 hybrid debt today, three different securities at prices between 30 and 33%. Whilst there may be some doubt about a tender offer for the US prefs, I fail to [more]

Boards Post

WShak replied to the Banking Sector board. 22:07

Re: National Bank of Greece Prefs (NBG-A)

I decided to add to my position today (extra 30%) at the highest price I have paid for NBG-A, just under $9, because like WShak I think the Eurobank tender points to the Greek gov treating pref/sub debt holders fairly I.E not resorting to SLO type [more]

Boards Post

WShak replied to the Banking Sector board. 19:50

Re: National Bank of Greece Prefs (NBG-A)

Obviously a good think if hybrid-T2 take a swap to ords as you say but I didn't think there was very much of it anyway? I can't recall but from memory I thought there wasn't much. Do you know how much below the US ADR Prefs (NBG-A) and the T1 [more]

Boards Post

WShak replied to the Banking Sector board. 15:30

Re: National Bank of Greece Common Shares

Am I missing something? Is there some reason why the Common Shares might not be wiped out in due course?

I wouldn't short the ADR purely because there is no way of knowing where they will go short term. They are prone to huge swings [more]

Boards Post

WShak replied to the Banking Sector board. 15:08

Re: National Bank of Greece Prefs (NBG-A)

Eurobank (which failed to meet the 10% threshold in order to keep itself private) has just launcehd an LME for all subordinated securities (Greek law, I think).

They are offering a debt/equity swap, voluntary, at 100% par at the same [more]

Boards Post

WShak replied to the Oil & Gas - Companies board. 11:35

Re: Niko negotiations continue

Hi xxjnr,

Some form of expropriation apart, I really can't see where the Indian Government is going with this. It seems obvious to me that production will continue to drop as the D6 consortium refuse to invest anything until they have a [more]

Boards Post

WShak replied to the Banking Sector board. 16:42

Re: National Bank of Greece Prefs (NBG-A)

Eurobank (which failed to meet the 10% threshold in order to keep itself private) has just launcehd an LME for all subordinated securities (Greek law, I think).

They are offering a debt/equity swap, voluntary, at 100% par at the same price [more]

Boards Post

WShak replied to the Oil & Gas - Companies board. 15:59

Re: May "May" be Massive for >20%..

Up BLVN
Down FAST

Boards Post

WShak replied to the Football Fools board. 09:15

Re: Villa

Stemis3,

It could be an absolutely massive away trip to QPR for us on the final day of the season.

In that case, we're definitely down because we are due to host Arsenal at St James' Park on that day.

I think [more]

Boards Post

WShak replied to the Banking Sector board. 08:27

Re: Lloyds ~ cracking Q1 results

Great results, but it won't save you in our bet, which is up in a year's time. :o)

[more]

Boards Post

WShak replied to the Oil & Gas - Companies board. 16:41

Re: Takeover targets

WShak can you explain why nobody even wants to buy AEY for the tax losses? Can it really be that much hassle to make a sure hundred million dollars if you are currently a NS producer? It doesn't make a lot of sense to me but then WTFDIK [more]