BBVA Shares

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This topic contains 6 replies, has 3 voices, and was last updated by Profile photo of Anonymous Anonymous 3 years, 5 months ago.

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  • #57103
    Profile photo of Anonymous
    Anonymous
    Participant

    I’ve posted this opn another forum and also here, as I know a few pundits lurk around here.

    Is there anyone on here tracking the share price of BBVA ?

    The reason I ask is that if you have 500 BBVA shares and they’re lodged with BBVA, then there are certain benefits which reduce the cost of banking e.g.
    – Exemptions from fees on the current account associated with the share contract
    – No fees for national bank transfers in euros to EU Member States (up to 50,000 euros).
    – No fees for paying in euro-denominated checks from national accounts and for issuing banker’s checks.

    At the moment I have free banking with BBVA (as a non resident) but this requires me to have 2 utility bills paid via direct debit (not a problem) and transferring more than 600 Euros into the account each month.

    So it seems as a medium term proposition, that BBVA shares would be a reasonable buy.

    Any pundits out there, care to comment about the direction and velocity of BBVA shares?

    Regards,

    Mike

  • #112839
    Profile photo of Anonymous
    Anonymous
    Participant

    I don’t have a Spanish broker account – I continue to use my UK broker but was very interested to read of the incentives. As things stand for my Spanish useage I am pleased with Barclays and their Cuenta Opportunidad that charges me very minimally . BBVA is a strong bank not dependent on earnings from Spain as Santander. It is a relatively safe haven as far as banks can be until the Euro uncertainties are resolved in a decisive way and certainly when the direction is clearer because there still remains a lingering doubt as to whether the Euro is a serviceable currency for the operation of domestic economies in a competitive way in some countries like Greece Spain Portugal and Ireland is not out of the woods. There is uncertainty whether the direction of French economic policy will reinforce the economy or lead them into a deterioration that will impair their economic relationship with Germany but remember also German elections next year are no foregone conclusion yet for the centre right coalition. Spanish matters are now clouded by the threat of secession by Catalonia -this cannmot be good for Spain and only makes national consolidation more complicated and undermines international confidemce. At the root of this is the prospect for economic recovery upon which bank shares are essentially interlinked. So I do not see any great prospect for headway in BVVA in the short term. In fact as the bank has substantial Spanish exposure and the economy remains in decline with negative output upside -well where are the positive possibilities apart from appreciation in the euro if the $ were to come under pressure thus improving the currency value ceteris paribus -and in these matters we entering a period of volatility with the best of pundits very divided about the short term outlook but more confident beyond the medium term.

  • #112865
    Profile photo of Anonymous
    Anonymous
    Participant

    Thanks Ptr … some good observations there … a key one for me is the German elections.

    Short to med term, growth looking more unlikely than likely.

    Cheers,

    Mike

  • #112866
    Profile photo of Anonymous
    Anonymous
    Participant

    You are welcome Mike and good luck. However always rely upon own instincts/judgement. I think thosewho bought in the summer lows to hold have some insulation if they purchased for yield except that we cannot be certain of future company earnings except to say that there are some things we will always need -food -power – petrol – water-maybe a phone. My local Natiowide Building Society in England has a poster -‘You need a bank account but you don’t need a bank !’But you probably do in Spain.

  • #111289
    Profile photo of Anonymous
    Anonymous
    Participant

    Well Mike if you are still around BVVA having had a good run corrected very slightly below where we were and on the rise from there. So you would have had a good trade on this if you ignored me and got out before the recent slide- it could be the same again ! -but I am thinking of an early Santa Rally& wary about next January. All I would say now is that there is a possible bump in the road when US Fed do start ‘tapering’ . But I do think long term these are good to hold but naturally as cheap as you can get them and the best time was in the big crisis. I recently bought some Santander not a lot and a few Telefonica but not many as may get cheaper as the big dividends of late are not on going.The purpose is solely for dividends to pay towards Spanish utility bills and eventually hopefully to recover my capital intact !!!

  • #82772
    Profile photo of The Australian
    The Australian
    Participant

    @Ptr wrote:

    Well Mike if you are still around BVVA having had a good run corrected very slightly below where we were and on the rise from there. So you would have had a good trade on this if you ignored me and got out before the recent slide- it could be the same again ! -but I am thinking of an early Santa Rally& wary about next January. All I would say now is that there is a possible bump in the road when US Fed do start ‘tapering’ . But I do think long term these are good to hold but naturally as cheap as you can get them and the best time was in the big crisis. I recently bought some Santander not a lot and a few Telefonica but not many as may get cheaper as the big dividends of late are not on going.The purpose is solely for dividends to pay towards Spanish utility bills and eventually hopefully to recover my capital intact !!!

    Hi, I have 15 years of experience in various financial roles, including proprietary trading.

    If you look for dividend yields I can recommend you Eni and Snam, 2 Italian blue-chips (currently above 7% very sustainable).

  • #82823
    Profile photo of Anonymous
    Anonymous
    Participant

    Quite a big witholding tax -about 27%. I do have a few Telecom Italia and I used to hold Enel but they have a lot of debt now to finance. I was once informed of an Italian Tax Office (in Ancona?)if I remember correctly where you can get some of it back but thought the hassle of a tax return and charges on banking the cheque. ENI is oil and I am positive about oil &gas assets RDS BP CNA. I have been concerned about the possible effect of the current weakness in Brazil on TEF and Banco San -but believe its not going to be permanent due to the young population in Brazil and the potential there. A Spanish/Canarian businessman I know is positivre about Gaz Natural (on Madrid) rather than Iberdrola or Endessa.(Still trying to cut my posts not only on here !!! but good always to get positive input !

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