スペインのBankiaに投資した株主は、その99'7%を損失！
Bankia tendrá más de un billón de acciones con la entrada del FROB
Bruselas impone su criterio y fijará en un céntimo los títulos del banco
Los inversores que acudieron a la OPV pierden el 99,7% de lo aportado
El grupo sufre pérdidas récord de 21.238 millones de euros
Goirigolzarri dice que el Estado ganará dinero con las ayudas
Íñigo de Barrón Madrid 28 FEB 2013 - 00:00 CET
Bankia will have more than a billion shares FROB input
Brussels imposes its criteria and set at a penny bank securities
Investors flocked to the OPV lose 99.7% of the amount contributed
The group suffers record losses of 21.238 million euros
Goirigolzarri said that the State will make money with the aid
Barron Íñigo Madrid 28 FEB 2013 - 00:00 CET
Bankia crisis is poised to break all the records. And all of them negative. In losses, Matrix Financial Savings Bank will approach, as the results presented Thursday, about the red of some 20,000 million, in aid of taxpayers stood at 23,500 million. Now comes the undervaluation of its shares, which can convert to Bankia in the state with more action in the world, with over a billion titles.
About to complete negotiations with the European Commission, the Bank of Spain and the FROB working with the idea that every action depreciate Bankia to one euro cent. Yesterday closed at 0.301 euros so the loss would be 96.7%. For those who attended its premiere on the floor, in July 2011, to 3.75 euros per share, the ruin is even higher, 99.7%.
This assessment will also affect owners of preferred and those perpetual subordinated debt, will suffer significant losses. The group will deliver 4,800 million (compared to their investment of 6,500 billion) in shares at a penny on the dollar value of their securities.
The entity will have the most titles in the capital of the world
From the Spanish institutions admitted that negotiations have taken in recent weeks with the European Commission (even comment that are not fully closed), but failed to beat the price. The reasons for the EU authorities are two shareholders are to be paid first, the poor state of the company and, secondly, that the Group's equity is negative, ie, less than zero. This situation has already made public on May 25, when the president, José Ignacio Goirigolzarri, said the state needed 19,000 million to capitalize the group. However, the shares are down 30 cents.
From 1,993,000 to 20,000,000
The only reason that the European Commission has admitted leaving no qualifications is zero which is publicly traded, "which always gives a value to the company," sources recall negotiation.
The current capital of Bankia, 1,993,000 shares will be worth about 20 million euros. Then the convertible bonds will become the FROB, through the matrix BFA, Bankia injected by 10,700 million. Also joining the 4,800 million contributed by the owners of preference shares and bonds, making a total of about 15,500 million capital. This money to one cent per share, represents a whopping 1.5 billion shares. Bankia will break another record, this time globally, with the astronomical number of titles. I would, by far, the Agricultural Bank of China, which has 294 000 million shares, and the Chinese ICBC, which has 263,000 million. In Europe the company that approaches you will also nationalized Lloyds, the UK, which has 70,000 million shares.
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Given this exorbitant number of shares and as low within Bankia are studying whether to do a reverse split, ie, grouping the value of 100 shares at a time, so it would happen to one euro per share. The problem with having a penny stocks is that it is very difficult to turn two pennies, because that would mean that Bankia spend 15,000 to 30,000 million euros in value. It seems that to happen in the short term. Other sources dismiss the reverse split, which will force shareholders to be aware of what the third decimal is changed, it will be the most vary.
From the psychological point of view, for many customers could be better deliver Bankia shares at a value of Euro. If you give them a penny titles, one might think that is less attractive. Others, however, may think they come at an attractive price. From a financial standpoint the company will have the same valuation at a price to another, because what matters is the number of shares, which will determine the total value, ie capitalization.
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