Santander shares

alliballi

Is it worth hanging on to these at the moment or better to sell , or keep some and sell some, god I dont know, any advice appreciated.

sabretoothtigger

The price is lower but I dont think the company is doing badly. They hold 30bn in spanish government bonds apparently or something like that. If spainish government collapses the company would be worth less hence the shares are down 40%

barak

Don't forget Spanish tax formalities for UK residents selling Santander shares :eek:

http://www.santandershareholder.co.uk/index.php/shareholder-services/buying-and-selling-shares/products-for-shareholders1/products-for-shareholders/

alliballi

Many thanks for both replies, sounds complicated to me, not sure what to do now.

Jake'sGran

I have some too although I am not sure how I got them - maybe it's time to sell all my investments! I did know that the charges for selling these shares would be more expensive than with others so I will let the broker deal with them when the time comes.

alliballi

Is it better to go through a broker than the bank then??

barak

alliballi wrote: »

Is it better to go through a broker than the bank then??

I doubt it. When I come to sell mine, I shall definitely talk to a large [ex Abbey] Santander branch first as they claim to be able to help with the Spanish tax formalities.

It would be interesting to hear from somebody who has actually sold Santander shares.

sabretoothtigger

You own the shares quoted on the madrid stock exchange? I'd think any uk people would own the british listed share BNC

alliballi

Thanks for replies again, I have inherited these shares so never having had shares before totally confused, I did speak to a santander manager and she said I had to call them as they do not deal with them in the branch, think it was called equitnas or something like that the company, will try and find out more info from her and post on here, but might leave the broker for now

sabretoothtigger

Equitas sounds right, dont like them much but if thats where you hold them you dont have much choice. Theres a helpdesk for shareholders. Santander mailed about a year ago mentioning this and their shares with the high yield, I thought it looked too good to be true but eventually bought some myself (on my own account)

We've just come full circle, 1 year its back to a similar price. I think there is actually less to fear now because the company seems to be doing ok

April_30,_2010 wrote:

6 per cent rise in first-quarter profits, driven by Latin America and Britain.

UK profits surged by 15 per cent to £426m, and the bank, which has 13.4 per cent of Britain's existing mortgage stock, again outperformed, accounting for one in five home loans in Britain in the first three months of 2010.

http://www.businessweek.com/globalbiz/content/apr2010/gb20100430_117055.htm?campaign_id=yhoo


Heres the bad news

Santander, the eurozone's biggest bank, has an exposure of just €200m to Greek sovereign debt, but €3bn to Portuguese and, unsurprisingly, €24bn to government bonds issued by Spain.

30 bn in the context of a company with 1,111 bn of assets making 9 bn profit a year

http://en.wikipedia.org/wiki/Grupo_Santander

alliballi

Hi, yes that is the company I just assumed I contacted Santander but have to go through this company, the bank manager seemed to think they will go back up in price, but not so sure, being a novice it is vey difficult to undersand thanks for the links.