Washington Mutual demanda a la FDIC por 17 billones US$ + daños

La perdida de los scrows, que no van a repartir nada, la cascada no llegara a nosotros. Los tendreis compensados con creces con las wmih que Dios sabe hasta donde subiran...

Según esta explicación del split no afecta a la rentabilidad de los accionistas

Un split (o desdoblamiento de acciones) es un ajuste matemático que se realiza al valor de las acciones de una compañía, sin cambiar la composición del accionariado. Consiste en disminuir el valor de cada acción y aumentar su número, respetando la proporción monetaria de los inversores.

Un ejemplo sencillo para entender cómo funciona un split sería el siguiente: Las acciones de una empresa valen 100 euros. Con un split, éstas pasarían a valer, por ejemplo, 10 euros. Tras el ajuste, cada accionista que tuviese una acción de 100 euros, tendría ahora 10 acciones de 10 euros.

Normalmente, a medida que una empresa crece, el valor de sus acciones aumenta. El problema está en que si el precio de una acción es demasiado alto, se puede frenar su liquidez. En este sentido, aunque el split no tiene por qué afectar a la cotización de la empresa, al mejorar la liquidez del valor, el mercado lo percibe como positivo.

Esta estrategia la desarrollan numerosas empresas, incluso las que cotizan en el Ibex 35. El objetivo de esta decisión es ganar sobre todo liquidez y pequeños accionistas.

Un contra split (o agrupación de acciones) es un ajuste a la inversa. Consiste en multiplicar el valor nominal de la acción. Para ello, se unen paquetes de acciones de forma que si, por ejemplo, una acción valía antes 1 euro, ahora valdrá 10 euros tras unir paquetes de 10 acciones de 1 euro.

Este movimiento bursátil del contra split no es una operación muy usual en el parqué, pero algunas empresas de baja capitalización, cuya cotización no llega al euro, recurren a esta estrategia.

Cuando una empresa emite acciones, el valor de la accion baja, esto sucede en cientos de empresas con las cuales he observado que es asi

Este es el motivo por una bajada repentina del 12%... 2.85 - 2.52... y vuelta a $2.65

Hola. Los stop loss para los pequeños inversores son un sacadinero. A los broker son a los que les viene de maravilla para asegurarse comisiones. Yo jamas de los jamases hasta el dia de hoy he puesto un stop loss y la verdad es que no me va mal.

La estan tumbando un -9%... para llegar a $3 vamos a tener que dar un pasito para atras.

Buen fin de semana Pre-Navideño para todos.

Otra buena semana que empezo en 2.18 y la cerramos en 2.52... llevabamos demasiadas subidas seguidas y la gente tambien tiene derecho a coger dinerito para los regalos de Navidad :)

Os voy a pasar info clave para que podais tener acceso a todo el research. Si no entendeis algo porque este en ingles con Google traductor pegais los textos ingles al español y listo.

Teneis un monton de info que conforme vayais analizando entendereis los motivos por los que KKR se quiere quedar con casi la mitad de WMIH con la inyección de $1000 Millones USD o $1 Billon como dicen los yanquis. Se os van a poner los ojos como chirivitas :)

¿Quien es KKR? http://www.kkr.com/
¿Quien es WMIH? Somos un valor cuyo mayor activo es poseer $5797 Millones de USD en perdidas netas operativas (NOLs) que en manos de una empresa con beneficios fuertes le puede llegar a ahorrar $2000 millones en impuestos. Cualquier empresa no puede ser dueña de WMIH porque hace falta cumplir unos requisitos que es que deben dar muchos beneficios. WMIH antes era Washington Mutual el banco que quebro en el 2008 y que luego adquirio JP Morgan con infinidad de problemas. Eso ya quedo atras... se llego a un acuerdo hace casi 2 años en el que los antiguos accionistas (que normalmente suelen perder hasta la camisa en una bancarrota por ser ultimos en linea de cobro) recibirian acciones de WMIH como contraprestación al daño sufrido y que ahora empieza a ver la luz en las cuentas de mucha gente.

La noticia del 9 Diciembre: http://seekingalpha.com/news-article/8396851-wmi-holdings-corp-announces-commitment-by-kkr-for-strategic-investment

Analisis de la noticia en la que se indica un primer potencial de $6.73 para la acción WMIH (sin que sepamos nada aun de fusiones):
http://seekingalpha.com/article/1899381-dissecting-the-washington-mutual-kkr-deal

Estudio adicional de inversiones realizadas por KKR que pueden entrar en sinergia con WMIH añadiendole más valor

Below are snippets of recent KKR activity that may offer clues to involvement of its new WMIH investment. Taking it as a 10,000-foot level view, some of you may be able to see how the pieces may fit together.

Stuff can disappear. Example, the yahoo KNR board was closed soon after KKR bought it So it's possible stats and M.O. indicators here may later become unavailable to us.

If we continue to add to this category and keep responses here, it can serve as a master reference for ongoing monitoring and pondering of KKR activities as they may tie in to WMIH’s future

det

[1] “Pioneering private-equity firm Kohlberg Kravis & Roberts & Co. (KKR) might seem like it’s in purchase mode with its agreement Monday to acquire its debt-finance affiliate KKR Financial Holdings (KFN) for an initial price of $2.6 billion. Yet KKR is issuing its own shares to pay KFN shareholders, which suggests at minimum that KKR management views its stock as relatively richly valued compared to that of KFN, which is a vehicle started by KKR that buys and holds high-yield bonds and loans.

Indeed, even after slipping more than 1% Tuesday, KKR shares are up some 60% this year, have doubled in two years and trade above 2.7-times book value. As for KFN, it was something of an orphaned stock, having traded below its book value in recent months, and it was clever of KKR to reacquire the company to bolster its own finances.”
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[2] “..Based in San Francisco, KKR Financial was founded in 2004 as a mortgage real estate investment trust (REIT) but later turned into an investor in corporate debt after being hit by the sub-prime mortgage crisis in 2007. Being a specialty finance company , it operates a wide range of asset portfolios and primarily invests in financial assets including private and public equity investments, high yield bonds and distressed securities.

According to Kohlberg Kravis, upon closure the deal is expected to pave the way for a 2% accretion on Kohlberg Kravis’ total distribution per unit basis while its balance sheet is expected to grow from $7.2 billion as of Sep 30,2013 to $9.3 billion. Further, it is expected that the acquisition will enhance liquidity, increase return to shareholders and build capital. ”
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[3] “KKR & Co. expects to complete raising a $1.5 billion real-estate fund this week , say people familiar with the firm, the latest sign that some large investors are regaining an appetite for riskier real estate.

“KKR's fund has made about a dozen investments over the past 18 months , including acquiring U.K. shopping centers, developing industrial property in Houston and building an apartment complex [“master planned community”] in Williston, N.D.

“The New York-based private-equity company is one of the original buyout shops, and it has dabbled in real estate in the past. But KKR had resisted assembling a real-estate team and raising a dedicated property fund, watching as longtime rivals Blackstone Group LP and Carlyle Group took in billions of dollars to invest in property.

“With the collapse in real-estate prices during the financial crisis, and with many bank-sponsored property funds either out of business or unable to raise new money, KKR executives believed the time was right to enter the business. The firm started buying property in 2012 to establish a track record and began raising the fund earlier this year.

“…Property funds such as KKR's invest in riskier real estate, including half-empty office buildings, shopping centers struggling with debt, or new construction.

“…KKR's $1.5 billion fund includes about $300 million from the Teacher Retirement System of Texas , say people familiar with the fund. The Texas pension fund in 2011 agreed to invest $3 billion with KKR , and the private-equity firm has discretion over where to allocate that money , according to people familiar with the matter.

“…KKR offered various incentives to attract investors, including fee breaks. In addition, KKR let new investors in at cost for deals that had been done earlier and were already showing a gain. The equity value of the fund was up about 27% as of Sept. 30 , according to KKR's third-quarter earnings statement.”
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[4] “FORTUNE -- JPMorgan has put its Asia-based Global Special Opportunities Group on the block, hoping to fetch a cool $1 billion from the sale. The bank has been shopping the group around to a number of private equity firms and credit-focused hedge funds that apparently want greater exposure to the fast-growing Asian -- and by Asian we really mean Chinese -- credit markets. The Financial Times reports that Blackstone's GSO arm, Carlyle (CG), and KKR (KKR) are kicking the tires.

[5] “…KKR was the most active private equity investor this year . The New York-based group agreed 24 investments , valued at $15bn in total, including its biggest: the $3.9bn acquisition of Gardner Denver, a Pennsylvania-based maker of industrial equipment…
“…This year’s biggest deals were the $27bn acquisition of HJ Heinz by Berkshire Hathaway and 3G Capital and the $20bn buyout of Dell by founder Michael Dell and Silver Lake. And they are still less than half the 2007 level.

SOURCE 1: Would you buy what the buyout pros are busy selling?
By Michael Santoli 12-18-13
http://finance.yahoo.com/blogs/michael-santoli/buyout-pros-are-busy-selling-into-a-deal-starved-market-220226357.html

SOURCE 2: Zacks Equity Research
http://finance.yahoo.com/news/towers-watson-big-lots-kohlberg-114425931.html

SOURCE 3: KKR Real-Estate Fund Hits $1.5 Billion Target, Sign Large Investors Are Regaining Appetite for Riskier Real Estate, By Craig Karmin, WSJ - Dec. 17, 2013
http://online.wsj.com/news/articles/SB10001424052702303949504579264630384409374

SOURCE 4: JPMorgan to sell Asia investment business: Buyer beware
December 17, 2013: 6:12 PM ET, CNN Money
http://finance.fortune.cnn.com/2013/12/17/jpmorgan-sells-asia-investment-business-buyer-beware/?source=yahoo_quote

SOURCE 5 – “High prices keep buyout bosses guessing,” Financial Times 12-19-13, http://www.ft.com/cms/s/0/f0513052-6749-11e3-a5f9-00144feabdc0.html#axzz2nw8lZIQh

"KKR INVESTED IN NEPHILA IN 2013

The investment in Nephila is part of KKR's efforts to broaden its offering of liquid alternative investment strategies and further the expansion of the firm’s hedge fund platform. The investment was made by the firm and not through KKR’s investment funds.

Nephila also announced today that it will be closing its Juniper Catastrophe Fund and Triton Catastrophe Fund to new investor subscriptions based on its current assessment of market conditions. Its other strategies remain open.
Nephila’s investment committee stated: “We are committed to building the optimal profile of risk/return for our investors and will continue to actively monitor our investment capacity in each strategy relative to market opportunities.”

About Nephila
Nephila Capital Ltd is a leading investment manager specializing in reinsurance risk. Nephila offers a broad range of investment products focusing on instruments such as insurance-linked securities, catastrophe bonds, and weather derivatives.
Nephila has assets under management of approximately $8 billion as of January 1, 2013 and has been managing institutional assets in this space since it was founded in 1998. The firm has over 50 employees based in Bermuda, San Francisco, CA and Nashville, TN. Further information can be found at..."

And this post from brandmarty--now, fair is fair, when he has a valid point: [edited for length/repetion]

"The investment was made by the firm and not through KKR’s investment funds.

...So technically it can sell its investment to WMIH and to itself because it will own half of WMIH.

I am trying to figure out KKR strategy to see whether it should sell cheaply or at fair price its various investments to WMIH. Selling cheaply means that it can transfer more of its businesses to WMIH toshelter the tax or if KKR sells at fair price then it will get more money for its own KKR company.

Making WMIH very profitable will also benefit KKR because t owns half of it..."