santander shares

brambram

I have a small amount of santander shares, which have dropped in value, should I sell? any help thanks.

ses6jwg

Yes, you should follow the Gordon Brown school of thought and sell your assets when the value is low.

Buy high and sell low is the old adage.

brambram

but do I get out now or stick. I probably should have sold a couple of weeks ago.

TDPIX

brambram wrote: »

but do I get out now or stick. I probably should have sold a couple of weeks ago.

How long ago did you buy?

Also do you think the share is undervalued or overvalued at present?

brambram

I bought quite low, so they made a profit, but I am just wondering about the state of the bank now, I am trying to find the p/e but cant find it.

TDPIX

Ah okay. I can't see the bank recovering anytime soon (5+ years perhaps?) and the same goes for its share price. So could be worth selling now.

Reaper

brambram wrote: »

I bought quite low, so they made a profit, but I am just wondering about the state of the bank now, I am trying to find the p/e but cant find it.

According to Digital Look the P/E for Banco Santander is 8. Though I would be considering a lot else besides when deciding whether to keep holding their shares.

brambram

Thanks Reaper thats a really useful website.

ses6jwg

46% of Santander's profits I believe come from S. America and around 20-25% from the Eurozone.