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

[ricohflex]

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

 

[Shizuma]

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.

 

[ninelives]

a lot of people going to jump down liao..

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

 

[ed9119]

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

 

[Shizuma]

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!

 

[ed9119]

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