Got a nice load of Santandershares at £7.82 this morning. It's great when everyone bottles it...
Jeebo.... loves the credit crunch!
Jeebo.... loves the credit crunch!
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Whats the current price?Originally posted by OwlHoot View PostSometimes there's a good reason for bottling it ...
edit : £808.50, seems like a good call at the mo.Last edited by Scrag Meister; 28 April 2010, 15:30.Never has a man been heard to say on his death bed that he wishes he'd spent more time in the office.Comment
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He he. Jeebo's trying to show he's a Big Swinging Dick, but only succeeds in showing he's a knob.
Hard Brexit now!
#prayfornodealComment
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I think your right, I am sure the Spanish builders would not be willing or be able to repay their very large loans.Originally posted by OwlHoot View PostSometimes there's a good reason for bottling it ...
I far as I know no one in Spain is prepared to look at the current value of the land banks these loans were acquired with. It only need one bit of bad luck somewhere to bring this house of cards down. So far they have been lucky and everyone is holding their breath. It could take 5 - 8 years for the market to recover, will they stay lucky that long
Fiscal nomad it's legal.Comment
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Originally posted by sasguru View PostHe he. Jeebo's trying to show he's a Big Swinging Dick, but only succeeds in showing he's a knob.
"wit" you say? As always you're up there with the best.
Sold earlier today at 8.19 ... think they are on the way back down ... phew.Comment
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The interesting thing about Santander was that they were offering 6.7% interest just around the time that Iceland took a nosedive. If I remember correctly that was for funds locked up for 3 years, but I might not be too keen on them when that period is up and they have to pay out.Behold the warranty -- the bold print giveth and the fine print taketh away.Comment
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Standard & Poor's has downgraded Spain one notch from AA+ to AA, pointing to a slower than expected growth rate.
"Spain is likely to have an extended period of subdued economic growth, which weakens its budgetary position," S&P says.Comment
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El Tel wants to invest £430 million there!Originally posted by alreadypacked View PostI think your right, I am sure the Spanish builders would not be willing or be able to repay their very large loans.
I far as I know no one in Spain is prepared to look at the current value of the land banks these loans were acquired with. It only need one bit of bad luck somewhere to bring this house of cards down. So far they have been lucky and everyone is holding their breath. It could take 5 - 8 years for the market to recover, will they stay lucky that long
Spanish sports complex
Santander must be sound surely? They've been making a steady 8-9 billion a year, at a time when British banks have had to be bailed out for the sum of 100s of billions. If there is anything wrong, it will be for an international reason (as Santander has invested in many different countries) ?Speaking gibberish on internet talkboards since last Michaelmas. Plus here on TwitterComment
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