Hypovereinsbank strong buy - 500 Beiträge pro Seite

[Boersianerin]

IPO der Hypovereinsbank ist bereits zu 85% verkauft, man
geht von einer dreifachen Überzeichnung aus, d.h. es kommt
jede Menge Kohle in die Taschen der HVB und entsprechend wird der Aktienkurs reagieren.
Institutionelle haben in den letzten beiden Tagen gewaltig die Kurse gedrückt, um sich einzudecken ( u.a. auch ich-sorry )Entsprechende Empfehlungen werden nicht mehr lange auf sich warten lassen.

[Dr. Motte, Berlin]

der hedgefonds wird deine zeilen mögen, indem du unwissend und unverfangen zum kauf aufrufst.

auszug aus dem hedgefonds-junibericht, welcher den forecast für juli darstellt:

We are looking to short Hypo Vereinsbank again. The bank has Germany’s worst loan
portfolio of the three big private banks. Moreover, HVM is Europe’s largest property
lender – a questionable claim to fame given a potential property bubble. Their tier one
ratio of 5.7% speaks volumes. New loan volume is near zero. On the positive side, they
have sizable stakes in Allianz and Munich Re. Both stocks have appreciated massively
during the last eight weeks. Two smaller bank stakes (Norris Bank, Vereins und West
Bank) are also for sale. That should help restore capital. Lower interest rates are also
helping because lower funding costs are not passed on to customers. However, HVM’s
most important asset is 99% of Bank Austria AG.
HVM is looking to sell 25% of this stake via an IPO in early July. The expected cash
injection of €1 billion in addition to selling off two smaller banks is badly needed to
repair HVM’s eroded capital base. We expect that the pending IPO of Bank Austria will
either be postponed or brought to market at relatively low valuations. Bank Austria’s
accounts make Enron and Worldcom look like plump accounting frauds. This
accounting scam is actually publicly disclosed. Almost 40% of profits (from 2000 to
2002) were realized by shifting assets into foundations controlled by Bank Austria
while 95% of the benefits accrue to Bank Austria. Normally such a shift would require a consolidation especially since 95% of the benefits accrue to Bank Austria. Even better, the boards of these foundations are primarily made up of people related to Bank Austria.
The Bank Austria/KPMG explanation is that foundations do not have owners (only
beneficiaries) and as such do not need to be consolidated. The Bank Austria assets were
transferred, thereby creating hundreds of millions of paper profits to an entity controlled
(but not owned, because these funky foundations do not actually have owners) by
HVM, when common sense and any other non-Austrian interpretation of IAS, or for
that matter US GAAP, would mandate a full consolidation. This flotation would never
make it in the United States or the United Kingdom given the current sensitivity to
accounting issues. JP Morgan and Goldman are global leaders. They must be desperate
to do some underwriting business, even in Central Europe.

[Boersianerin]

#Dr.Motte:
Wer wird wohl am Ende die Oberhand gewinnen ?
Auch wenn Hedgefonds in der Vergangenheit das Geschehen dominiert haben, wird das hohe Volumen der Privatanleger das Geschehen bestimmen, außerdem kann sich die Hypovereinsbank beim ersten IPO diesen Jahres einfach keinen Flop leisten, deshalb :
Kursziel 20 Euro

[NabilK.]

Motte, den Hedgies werden HVM-Shorts nur so um die Ohren fliegene. Aber ich denke die machen das Gegenteil von dem was Sie schreiben - ist doch immer so.

Alles andere wäre Dummheit.