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Thread: Spain's Bankia Bank stock value is reduced to 1 cent a share

  1. #1
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    Default Spain's Bankia Bank stock value is reduced to 1 cent a share

    Bankia Stock Value Is Nearly Wiped Out Under Recapitalization Plan - NYTimes.com

    At its IPO in 2011 its stock value was 3.75 Euros a share. Today, it is 1 cent a share.

    If a person had bought 100,000 Euros worth of Bankia Bank shares at its IPO, today that is worth 267 Euros.

    Look at Bankia Bank's headquarters building in Spain.
    The two wings of Bankia Bank look like they are falling to the ground, with a sharp edged object cutting through the middle space.
    Maybe they should have believed in Feng Shui. Never say never.

    Photo credit: Bloomberg

    Last edited by ricohflex; 26th March 2013 at 09:46 PM.

  2. #2

    Default Re: Spain's Bankia Bank stock value is reduced to 1 cent a share

    Quote Originally Posted by ricohflex View Post
    Bankia Stock Value Is Nearly Wiped Out Under Recapitalization Plan - NYTimes.com

    At its IPO in 2011 its stock value was 3.75 Euros a share. Today, it is 1 cent a share.

    If a person had bought 100,000 Euros worth of Bankia Bank shares at its IPO, today that is worth 267 Euros.

    Look at Bankia Bank's headquarters building in Spain.
    The two wings of Bankia Bank look like they are falling to the ground, with a sharp edged object cutting through the middle space.
    Maybe they should have believed in Feng Shui. Never say never.

    Photo credit: Bloomberg

    why no one jio me short.
    宁愿遇见丢失幼崽的母熊,也不愿碰上做蠢事的愚人

  3. #3

    Default Re: Spain's Bankia Bank stock value is reduced to 1 cent a share

    a lot of people going to jump down liao..

    about the feng sui, the gateway east and west at beach road also similar.
    Objection !!!

  4. #4
    Moderator ed9119's Avatar
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    Default Re: Spain's Bankia Bank stock value is reduced to 1 cent a share

    a few people did very OK buying BII shares in Indonesia in 99' at 0.06 cents a share ($0.0006)

    at 1 cent a share I think its ok to take a punt with $1000

    ditto Citi shares too a few years back when it went well below $1 and a split during the height of the Lehman structured notes and home loans crisis when for a short while it was owned by the US Government


    for this Spanish bank,
    1. the moment it goes to 5 cents a share you're basically up 500% , no ?
    2. whats $500 or $1000 or $2000 for a crazy long-shot multi year punt and lock it away out of sight ? Sure, it might be worthless by then ..... or not

    Better than having a bang balls "I SHOULD have bought" story years later
    Last edited by ed9119; 27th March 2013 at 12:49 AM.
    shaddap and just shoot .... up close
    Walkeast

  5. #5

    Default Re: Spain's Bankia Bank stock value is reduced to 1 cent a share

    haizz . i missed out on our own Golden Agri , every day see it 15c 16c long time ago after financial crisis, never buy. and i do literally see it everyday continuously during the trading hours!
    宁愿遇见丢失幼崽的母熊,也不愿碰上做蠢事的愚人

  6. #6
    Moderator ed9119's Avatar
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    Default Re: Spain's Bankia Bank stock value is reduced to 1 cent a share

    a few friends bought Bank of America shares at about US$3.60 when the US Government effectively became its major shareholders during the financial crisis

    Logic ? The Government knows NOTHING about running a bank....but if there are going to be municipal , state and federal bonds and debts issues ..... who do you think the Fed will give the bulk of that issue business to help it along and recover as quickly as possible ?

    When things are down, especially doomsdays scenarios amid widespread panic , dont scorn it. Instead, have a perspective of the big picture ,evaluate how much you're actually risking and decide if its worth putting in some pocket money or not

    they cashed out at US$12 barely 4 months later
    shaddap and just shoot .... up close
    Walkeast

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