Re: [請益] 有關NBG的ADS

看板Foreign_Inv作者lightkuo (not @Germany)時間11年前 (2013/06/03 12:49)推噓4(4推 0噓 6→)

留言10則, 6人參與討論串2/2 (看更多)

簡單解釋一下我的了解 NBG這個tender offer主要就是針對持有其在US發行的特別股股東們(非普通股)。欲收購的價格以12.5美元/股計算 (面額的一半)，不包括任何利息如果ryo板友持有的是普通股的話，基本上這個新聞就可以跳過不看，如果是特別股的話，就看ryo板友要不要把股份賣回去給NBG 我個人是持有不少的NBG特別股，我也不打算參加這次的tendor offer。原因如下 1. NBG已經開始獲利，而法律上規定如果有連續獲利(忘記多久)的話，就必須要發股息假設tender offer過後價格維持在12.5，他的殖利率也有18% 2. 目前特別股的價位已經來到12.44，NBG如果真的要用12.5收購，直接在市場收購即可另一方面，12.5這個價位一點也不迷人，才面額的一半.... 3. 由於是在US發行的特別股，哪天NBG不爽要CALL回所有的特別股，他一定非得用面額買我這筆資金是打算長期投資，我可以等 4. 等到NBG開始發股息後，我相信它的價位會相當快的回到20塊以上參考看看摟我個人是認為: Hold ※ 引述《ryosaiba (秋天的風)》之銘言： : 有關近日NBG的ADS的新聞小弟有點搞不太懂新聞的意思 : 想跟大家請教一下懇請大家指教 : ------------------------------------------------------------------------ : ATHENS, May 31, 2013 /PRNewswire/ -- National Bank of Greece S.A. (the Bank) : announces today that it has launched an offer to purchase for cash up to : 22,500,000 of the outstanding 25,000,000 American Depositary Shares (ADS : CUSIP 633643507) (each, an "ADS" and collectively, the "ADSs"), each : representing one of its Non-Cumulative Preference Shares, Series A, nominal : value EUR0.30 per share (the "Preference Shares"), upon the terms and subject : to the conditions set forth in the Offer to Purchase dated May 31, 2013 (the : "Offer to Purchase") and the accompanying Letter of Transmittal (the "Letter : of Transmittal"), which, as each may be amended and supplemented from time to : time, constitute the offer (the "Offer"). On the terms and subject to the : conditions of the Offer, the Bank is offering to pay $12.50 per ADS net to : the seller in cash, less any applicable withholding taxes and without : interest, after deduction of any other applicable fees and taxes, for ADSs : validly tendered and not validly withdrawn (the "Tender Offer : Consideration"). : 這段的主要意思是否為NBG打算用二千二百五十萬美元購買二千五百萬的ADS : 且每股ADS為0.3歐元?還是每股ADS以12.5美元來購買呢?? : The Offer aims to generate Core Tier 1 capital for the Bank and to further : strengthen the quality of its capital base. : The Bank will purchase up to 22,500,000 ADSs. If more than 22,500,000 are : validly tendered and not validly withdrawn, the ADSs tendered will be : purchased on a pro rata basis. As of May 30, 2013, there were 25,000,000 ADSs : outstanding. All of our outstanding Preference Shares are represented by : ADSs. The offer is not conditional on any minimum number of ADSs being : tendered or the availability of any financing. However, the Offer is : conditional on certain conditions, as set out in the Offer to Purchase. : The Offer and withdrawal rights will expire at 12:00 midnight, New York City : time, on Friday, June 28, 2013 (being the end of the day on June 28, 2013), : unless the Bank extends the offer (such time and date, as the same may be : extended, the "Expiration Time") and subject to the absolute right of the : Bank, in its sole discretion and in accordance with applicable law, to : terminate or amend the Offer at any time. Holders of ADSs ("ADS Holders") may : validly withdraw tendered ADSs at any time prior to the Expiration Time. Any : ADSs validly tendered and not validly withdrawn prior to the Expiration Time : may not be withdrawn unless the Bank extends the Expiration Time or is : otherwise required by law to permit such withdrawal. : 這段的主要意思是否為2013.6.28為最後交易日如果沒有賣出的話就由NBG收購 : 且不再得以交易除非NBG另開設另一段期間 : Settlement is expected to occur on July 3, 2013 (the "Settlement Date"), : subject to the rights or obligations of the Bank to extend or amend the : Offer. : The Bank will submit for cancellation any ADSs purchased pursuant to the : Offer, and will cancel the Preference Shares represented thereby, subject to : the requisite corporate approvals for cancellation of the Preference Shares. : The Bank will publicly announce no later than 9:00 a.m., New York City time, : on the first business day following the Expiration Time the results of the : Offer, the aggregate number of ADSs accepted for purchase by the Bank, the : satisfaction or waiver of the Offer conditions and the proration factor, if : applicable. : 這段的主要意思是否為如果沒在2013.6.28前賣掉的ADS 將於2013.7.3註銷 : --------------------------------------------------------------------------- : 心得: : 1.就整篇新聞來看 NBG的ADS到底是NBG以每股0.3歐元來購買?還是以12.5美元來購買呢?? : 小弟英文不是很好就這篇的寫法意思認定上的不同將會造成不同的判斷 : 2.如果ADS沒有在交易日前賣掉的話是否會轉換成NBG的優先股呢? : 如果是的話的確是可以常抱的標的但是如果不是的話趕快離開才是上策 : 最後請各位術有專攻的版友們麻煩提供一下意見或者討論交流一下意見 : 感激不盡 -- ※ 發信站: 批踢踢實業坊(ptt.cc) ◆ From: 175.98.104.66

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moss18

06/03 15:22, , 1^F

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lightkuo

06/04 01:44, , 2^F

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ty67

06/04 16:06, , 3^F

06/04 16:06, 3^F