Piraeus Financial Holdings SA (PK) (BPIRY)

Thanks Renee. These Athens listed stocks are a real hoot.

BPIRY one for 20 reverse split:

http://otce.finra.org/DLSymbolNameChanges

November 22, 2016 -- Moody's Investors Service has revised its outlook on Greece's banking system to stable from negative. The stable outlook reflects the rating agency's expectation of funding and profitability improvements for Greek banks balanced against sizeable problem loans and limited lending opportunities. The outlook expresses Moody's expectation of how bank creditworthiness will evolve in Greece over the next 12-18 months.

Moody's report, entitled "Banking System Outlook - Greece: Stable Outlook Reflects Improved Funding and Profitability Prospects Balanced Against Still Sizeable Problem Loans" is available on www.moodys.com. Moody's subscribers can access this report via the link provided at the end of this press release.

"We expect banks in Greece to return to marginal profitability in 2016-17 on the back of significantly lower loan-loss provisions, decreased funding costs and contained operating expenses," says Nondas Nicolaides, Vice President -- Senior Credit Officer at Moody's and author of the report.

Greek banks have been able to regain access to the inter-bank repo market, reducing their emergency liquidity assistance (ELA) balances and improving their funding and liquidity profiles. However, Moody's notes that they are likely to remain highly reliant on central bank funding over the outlook period.

Banks in Greece will also continue to face significant challenges in tackling their huge stock of problem loans. Moody's expects the volume of non-performing exposures (NPEs) to remain high at more than 40% of total lending by year-end 2017 from around 45% in June 2016.

In addition, despite a modest pick-up in growth, economic activity, consumption and new investments are likely to be limited, constraining banks' loan and revenue growth, in Moody's view. The rating agency's sovereign team expects real GDP growth in Greece of 1.8% in 2017, up from a forecasted 0% for full-year 2016.

Furthermore, while capital ratios are sound -- the rating agency estimates Greek banks' weighted-average common equity Tier 1 (CET1) ratio at around 17% as of June 2016, which comfortably meets regulatory requirements -- around half is in the form of deferred tax assets (DTAs), which Moody's considers to be lower quality capital. This is due to the fact that their eligibility to be converted into deferred tax credits (DTCs) and ultimately into tangible assets, is contingent on the Greek government's creditworthiness that is currently weak as indicated by the sovereign rating of Caa3 (stable).

Finally, Moody's does not expect banks in Greece to benefit from any government support going forward. The government has limited financial strength and its heavy reliance on official creditors' funding displays its minimal capacity to support the banking sector, according to the rating agency.

Subscribers can access the report at: http://www.moodys.com/viewresearchdoc.aspx?docid=PBC_1042014

.45

Nice up day will the run continue?

I am pleased to report that Piraeus Bank continues to make noteable progress. The Bank is working to
achieve its strategic goals in an operating environment which remains demanding, but presents
opportunities, as the Greek economy gradually recovers. We are positioned to realize these opportunities
to the benefit of our shareholders, clients and employees.
Piraeus Bank intends to maintain the highest standards of corporate governance. Our reinvigorated Board
of Directors combines extensive international banking expertise with in-depth knowledge of the domestic
environment. We believe that both of these key competencies are necessary to continue the Bank’s return
to a sustainable path to growth and enable us to build on our leading position in the Greek banking sector.
As we have shown today, our performance over the first nine months of 2016 is consistently improving. On
behalf of the Board of Directors, I express my confidence regarding Piraeus Bank’s prospects and its
positioning for future success.”
George Handjinicolaou, Chairman of the Board of Directors
“Piraeus Bank’s Q3.2016 performance once again demonstrates our commitment to and fulfillment of
stated financial and strategic targets. For a second consecutive quarter, Piraeus Bank Group posted a profit
that amounted to €31mn, and resilient recurring pre provision income of €290mn.
Our Q3 deposits rose by €0.9bn, representing an increase of 2%. This is largely attributed to the easing of
capital controls and our targeted client campaigns.
Active management of non-performing loans continues to yield significant positive results, with a further
reduction of loans in arrears above 90 days by €0.6bn on a quarterly basis. On an annual basis, loans in
arrears have declined by €2.2bn or 8%. In parallel, Non Performing Exposures (NPEs) were lower by €0.2bn
qoq and €1.1bn yoy at the end of September 2016.
The Group’s CET

Its looking like its trading at fair value against the greek market.

So now we have to look where the greek stock is trading at.
Already 30% below the private placement price of last week.

That was euro 0.3 and $0.64 for BPIRD.

So i think everything below 0.53 is a good buy here.
Large funds invested 2.1 billion at a higher price we are currently trading at

This is going to trade over $1 by summer.
Not have taken a position yet.
Im coming back in June

Gltya.

Its looking like its trading at fair value against the greek market.

overvalued here

should be trading between 0.007 and 0.009

Then we are trading at $1.8 for two Tpeir shares.

Tpeir is currently trading around euro 0.4
So two shares is 0.8 euro dollar ratio is $0.85

Why are we trading at a huge premium to the Athens market i dont know

Should correct itself

BPIRY: effective Dec. 9,2015 a one for 100 reverse split:

http://otce.finra.org/DLSymbolNameChanges

BPIRY: effective Dec. 9,2015 a one for 100 reverse split:

http://otce.finra.org/DLSymbolNameChanges

should be trading at $0.008-0.009 thats where we are in Greece for the moment
today the 8.1 billion shares are added to the float.


I sold yesterday with a loss at $0.02.

Im sure i can pick up twice the amount today.
Gltya

In Greece they already did the R/S

Currently trading at euro 0.65 so pre r/s that is 0.0065 euro

But Bpiry adr are 2 common shares of Greece shares.

So 0.0065X2 = 0.013 euro dollar ratio makes it 0.014.
So i think we are trading at a premium to the greek market.

tuesday the new shares they issued for the private placement are coming into the market

So there is Always a possiblity they could run it to make the price as high as possible to sell more shares back into the market at a higher price.

post split we are only talking about 60 million shares trading currently at 0.65 on the Greece market. so only tomorrow the float is on the low side.

After that we are talking about 8.1 billion shares.
We had a bullmarket in the us Friday ,so monday morning could be good for european shares

I hope the greek shares rally and spiral over to Bpiry in the us.
I only want to get out with minimal loss,i think its to soon to buy in.

When will they to the 1:100 R/S here in the U.S.?
Did they do the R/S in Greece already ?

Where can I find the BPIRY information (Yahoo.finance doesn't have much info) ?

I'm behind. However, I will buy it as soon as I know What's going on.

Is there other info that I should know about ?

Thank you so much for your help.
legalizeMJ

I think they also do a 1/100
So bassicly after split one Bpiry is two Athens shares

Do you own shares?

Glty

Only 125,000 ,but its sad,ihope the price in Athens rally's monday so i can get out as soon as possible

What happens or will happen to BPIRY shares ? R/S ? If R/S, then What's the R/S ratio and When will they do the R/S ?

The same question to EGFEY, ALBKY.

Please let me know.
Thank you,

How many shares did you buy 100,000? or 1 million?

Found it

As a result, effective July 1, 2013 BNY Mellon will change the ratio on the Piraeus Bank S.A Depositary Receipts
(“DR”) program from 2 DRs representing 1 common share to 1 DR representing 2 common shares. The ratio
change will occur simultaneously with a 1 for 40 reverse stock split on the DR program.

So price in Athens is euro 0.65

i have 2 shares for each adr pre slpit

So $0.0181/2= $0.00905
X100 = $0.905 /1.0884 (euro/$ ratio) = 0.83 euro.

So stiil trading above the Athens market.

Most funds bought new shares in the $0,3 region.
Is stiil a discount of 50% to the Athens market;

They issued over 8 billion shares.
current marketcap is well over 5 billion.


To get back to my $0.025 price should go to 1.15 euro.
Thats a 9.2billion marketcap.

Should sell at the beginning of trading monday.
and take the 30% loss.


Looking not good here.

yes bought Friday afternoon.
Can you tell me is one share us adr the same as 2 shares Athens market pre split?

cant figure the ratio out.
Should of done that before i bought in.

And why did this run so high in comparison with the Athens market.

So bassicly im screwed.

so you bought on friday and already down big? don't know what to tell you here.

$0.025 ,do you own shares here?

Whats youre opinion about it?

what price did you buy this at?

guess i made a bad buy here,

Should do more dd before i jump in .
Cant understand why we are trading at such a big premium against the greek market??

pireaus bank is trading at 0.65 euro in Greece.
we are currently trading at $ 0.0181

after the reverse split is in effect on the ADR.
We are at $1.81 .

so do we have another 50-60% drop ,because i asume stocks stays the same ?

Why are we trading currently with a big surplus?

And what happens when the 8 billion shares are trading over in Greece on december the 8th.

I guess we are going down further.

HELEX announced that Piraeus Bank’s 8,672,163,482 new common registered shares following the share capital increase realized as a result of a private placement will commence trading on December 8.

on 1.94 billion raised ,thats $0.224 a share in private placement
Thats way lower then i was thinking.

After the European Central Bank’s Single Supervisory Mechanism identified a capital shortfall of 4.93 billion euros for Piraeus Bank, the bank has succeeded in covering in 1.94 billion euros of the capital needs by private means, the EU said. The SSM also approved additional capital actions of 271 million euros.

Pirate Bank.

Nice move here

They do not have the strength of the U.S. banking system behind them. Look for a R/S soon and another 50% drop.

BPIRY vs EGFEY (It's Greek banks comparison)

1)BPIRY and EGFEY are both Greek banks.
2)BPIRY= $0.031 per share( on 11/23).

3)EGFEY is Eurobank
EGFEY= $0.0098.

EGFEY is Greece's prestigious bank stock, EGFEY is one of the largest bank in Greece. It owns more than 500 branches, 820 ATMs. Its total assets is 75.5BL Euro.

EGFEY has more upside potentials because its pps is the lowest.
EGFEY stock is at super bargain price.
BUY EGFEY to PROFIT.

People said the SAME things to American banks in 2008.....Citigroup(C, An American bank) was less than $1. per share......Now, look what happens...........C stock has been UP and C (and other American banks have been doing just fine)............
Greek banks are just like the American banks story in 2008, that's all...... Happy ending is coming, AND Investors are BUYING EGFEY shares to PROFIT because they know FOR SURE that EGFEY is alive and well.

If you include its debts its worth about zero.

BPIRY vs EGFEY (It's Greek banks comparison)

1)BPIRY and EGFEY are both Greek banks.
2)BPIRY= $0.03 per share.

3)EGFEY is Eurobank
EGFEY= $0.009.

EGFEY is Greece's prestigious bank stock, EGFEY is one of the largest bank in Greece. It owns more than 500 branches, 820 ATMs. Its total assets is 75.5BL Euro.

EGFEY has more upside potentials because its pps is the lowest.
EGFEY stock is at super bargain price.
BUY EGFEY to PROFIT.

BPIRY vs EGFEY (It's Greek banks comparison)

1)BPIRY and EGFEY are both Greek banks.

2)EGFEY is Eurobank
EGFEY=$0.0176 as of 10/23. EGFEY is doing better,
Greek economy is getting better.
EGFEY is Greece's prestigious bank stock, EGFEY is one of the largest bank in Greece. It owns more than 500 branches, 820 ATMs. Its total assets is 75.5BL Euro.

EGFEY has more upside potential because its pps is the lowest.
EGFEY stock is at super bargain price.

The above is Greek banks comparison.

LOL are you bringing in a group ?

BPIRY vs NBG(It's Greek banks comparison).

1)Both of them are Greek banks.

2)It's easier to trade NBG than BPIRY because of the Bid/Ask differences and the low daily volume in BPIRY make BPIRY more difficult to trade(buy/sell).

3)NBG is a BIGGER bank than BPIRY.
NBG is Greece's most prestigious bank stock, NBG is the big bank in Greece with 528 branches and 1,416 ATMs AND with a strong presence in Southeast Europe and Eastern Mediterranean.

4)NBG is a NYSE big board stock, NOT an OTC stock. AND this is GOOD.

NBG stock is at super bargain price.
BUY NBG stock to profit.

They both should make handsome % gains . . .

BPIRY vs NBG (It's Greek banks comparison)

1)BPIRY and NBG are both Greek banks.

2)NBG is National Bank of Greece.
NBG=$0.81, UP 15.71% on 10/16/2015 because NBG is doing better,
Greek economy is getting better.
NBG is Greece's most prestigious bank stock, NBG is the largest bank in Greece.
NBG is a STRONG BUY.

NBG is a NYSE big board stock, NOT an OTC stock. AND this is GOOD.

NBG stock is at super bargain price.
BUY NBG stock to profit.

$BPIRY little bounce..close watching

$BPIRY Expected bounce off the over sold signals...see if this can hold up...not ready IMO but continuing to watch close

BPIRY vs. NBG?

Looks like NBG has a much stronger chance at recovery for shareholders value. Possibly huge upside in all this pain.

Glta