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Deutsche Bank Fixes Price For Share Sale At €33/Share, To Issue 308.6 Million New Shares
The bank notes it will issue 308.6 million shares for total gross proceeds of €10.2 billion. This is somewhat perplexing as the bank currently trades at €46.88 on the XETRA. In other words, DB is selling one third of itself on a pro forma basis. Of course, this will mean a bloodbath for all the smaller banks once they commence their Basel III required capital raising activities as their discount will have to be far greater than DB's.
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SHARES FOR EVERYBODY!!
Confetti, bitches!
Bank shares are in your population making you minorities.
The question here is does the real value of the stock is above or below the 33Euro ? most probably its much below than this number.. We will never know exact value until we can see the balance sheet clearly. The DB is in the family of Rothschild banks, i would assume they have filled the balance sheet with toxic assets and the actual value of a share may be less than 1Euro... Good luck for those who has DB shares..
If you ain't first, you're last.
The solution to pollution is dilution.
the stock should go up..ha ha what a joke...
They still trade at 61$ today on the nyse ?
Deutsche Bank, ein Haufen Geldsäcke denen man(n) nicht trauen sollte! Lived there vor 20 Years, what a waste of talented people, I guess when the BIG DUST settles the Deutsche Mark will be BACK! Hehehe this is all too funny and sad at the same time!
Even after 60 years of brain washing the German people are still strong, but the herd mentality is here strong, without strong lidership Germany wont rise (and they know it)
Silent participations mah man ... silent participations...
Its a discounted rights issue, otherwise they won't get it away. Even with it being the first of the big boys in this current round. Remember that DB did not raise capital during 2008 when others were floundering, nor did a mystery sugar daddy (hello Uncle Warren) appear out of the woodwork. They are happy to raise now, make a lowball bid for Postbank, and kick the can down the road.
As for their book value, I guess its around €33 a share, so paying 1x P/BV is a sensible level to pitch it at if you are DB and the first in the queue. Dunno what all the fuss is about, it will get done.
Gee, I wonder why they'd raise capital at such a discount.
And poor Santander can't do its float at all. It's almost as if...hang on...as if people don't want European bank shares for some reason.
Those banks better stop fooling around and raise that equity - pronto - at whatever discount they need to get that cash.
"If you ain't first, you're last." Exactly. This is a me first situation. DB doesn't intend to be left out when all the placemats at the trough have been occupied. And if you can't print money, at least print stock certificates. Get it while you can.
Thanks for such a great post and the review, I am totally impressed! Keep stuff like this coming!...
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