It does a pair of days he was announcing from the Santander an increase in capital surprise to himself to effects of reinforcing the capital core of the Entity, that is to say, this ratio to which the assets of high quality measure themselves. The funds that it has requested amount to 7.190 million euros, practically 25 % of the capital.
The increase in capital will begin tomorrow, and therefore, the subscription rights will be quoting on the market from 13 on November 27, will setting off from a price for 0,77 euros.
You must know, therefore, that tomorrow on the 13th you will find in your actions account up to 4 rights for every action of the Santander that you have since the price that they will receive from you for the new action, case of that you come finally to the enlargement, will be of 4,5 more € these 4 subscription rights, so that the price of game of the new action is 7,58 €.
But let's go step by step …
1. - If you are a shareholder of the Santander:
You must know that, obviously, you do not have why to come to the enlargement. If you do not think to do it, you must sell the subscription rights on the market, but you must know that during his quotation period, from November 13 until November 27, they will range, and enough. The game price is 0,77 € for every right, therefore you will have to give the sale order when you consider it opportune in the term. If you do not indicate anything to your bank, this one will sell them to you at the cost of the 26th.
If you think to come to the enlargement you will have only to pay 4,5 € for every new action that you want to acquire, in addition to delivering 4 rights of subscription of those who have given to you. Nevertheless, you must know that the new actions do not begin to quote up to past a time, and that therefore, you will not be able to sell them as soon as you buy them.
2. - If you are not a shareholder of the Santander
First of all you will have to buy 4 subscription rights on the market, for every new title of the Santander that you want to acquire. Once bought and in your power these rights, you will have to give order to your bank to sign the enlargement, for what habrás of paying next 4,5 € out. Before ocmprar the rights do a simple account to know if it is convenient or not for you about the same moment. For example:
Tomorrow the rights will begin to quote in 0,77 €, therefore a new action will cost you:
4 rights x 0,77 € = 3,08 € + 4,5 € in cash = 7,58 €
Today, the ancient action has closed to 6,80 €
Obviously, in these moments it is convenient more to acquire the actions that exist already in the parquet not to buy the rights and to pay the cash to buy the piece of news. Probably, that will do that tomorrow to the opening the price of the rights of subscription they lower enough, until they tend to be compared at the cost of the current action.
3.-Is it convenient to come to the increase in capital?
Since everything depends on the idea that you have of supporting the short-term or long-term qualifications. That Santander is a strong entity nobody doubts it, and in the long term it should always be considered to be a good investment. In the short term it is different for the conjuncture through that we are living in the one that is punished hardly to the financial institutions, in Stock Exchange.
My particular recommendation: if you are not a shareholder in these moments, at the moment do not come to the enlargement, but watch it. How I have explained in these moments it is convenient to enter the shareholders of the entity across the current qualifications. If you are a shareholder at present, he would bet for coming to the enlargement, but as I say, always with a view to the long term. After all, the only payment will be 4,5 € for action, which is a good price for the future of the Entity, and really, to sell the rights will not suppose a big revenue to you. Also, it is not necessary to forget that Santander has quoted not long ago to 15 € and that the tough punishment might be considered to be excessive. It is, after all, to bet in the long term for a solid value, paying a minimal quantity out for new qualifications.
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