citi bank (c)

新低手

新版开张

俺低手凑热闹。。。仅供参考。。。

九月份，Kuwait Investment Fund 说不卖. 结果现在全卖啦。俺低手预计C 短期有卖压。。。政府可能近期不会跟进卖掉C，
除非C业绩有明显好转。。。。。。。拭目以待

Kuwait Investment Fund Sells Citigroup Stake for $4.1 Billion

ctcld

it is sold but not selling, which means some buyers in already. Good for C long

6th-Sense

For longs, just buy @ current price.

新版开张

俺低手凑热闹。。。仅供参考。。。

九月份，Kuwait Investment Fund 说不卖. 结果现在全卖啦。俺低手预计C 短期有卖压。。。政府可能近期不会跟进卖掉C，
除非C业绩有明显好转。。。 ...
新低手 发表于 2009-12-6 12:11

长叶草

政府是不会让花旗倒的

dsp

For longs, just buy @ current price.


6th-Sense 发表于 2009-12-6 21:44

I feel $4 is strong support to C.

abracadabra

I feel $4 is strong support to C.
dsp 发表于 2009-12-8 00:23

3.82

abc123

c holder

随机行走

'Fast Money' Recap: Citigroup's Gamble

ajs

　新浪财经讯 北京时间12月10日早间消息，据国外媒体报道，知情人士称，花旗集团计划通过股票发行筹集资金以偿还财政部问题资产救助计划(TARP)提供的救助资金。花旗最早可能在周四宣布此消息，发股规模可能在200亿美元左右。

　　花旗董事长迪克-帕森斯(Dick Parsons)早些时候对媒体表示，花旗正在就偿还TARP救助资金问题与监管部门进行谈判。

　　帕森斯说：“我们相信花旗已经做好充分准备偿还TARP救助资金，但我们不得不与监管部门进行积极主动地磋商。”

　　花旗发言人拒绝就此消息置评。(兴亚)

新低手

等增股完后，俺可能考虑买入1部分股票做长期投资


Citi’s Internal Memo on Repaying Bailout Money
December 14, 2009, 7:28 am

Citigroup announced Monday that it has struck a deal to repay $20 billion in federal bailout funds, capping a frenzied effort to free itself from government control and catch up to its healthier rivals.

In an internal memorandum obtained by DealBook, Citi’s chief executive, Vikram S. Pandit, told employees that the firm still faced challenges as it sought to recuperate from last fall’s financial crisis. He also said that Citi owed taxpayers and the government “a debt of gratitude for their extraordinary assistance.”

Read the full memo after the jump.

Dear Colleagues,

Today, we announced a series of transactions to repay the $20 billion of TARP outstanding and terminate the asset guarantee we received from the U.S. government. The Treasury also announced its intention to sell its ownership in Citi stock in the coming months. These actions bring us closer to ending a very difficult period for our company, and we owe the U.S. taxpayers and the government a debt of gratitude for their extraordinary assistance.

That we are here is a testament to your hard work and accomplishments in getting our house in order. Today we are strongly capitalized, efficient, focused on our clients with a clear strategy for the future. With your commitment and dedication, we have created a strong foundation for the future.

Our goals near term are clear: to achieve sustained profitability and to promote economic recovery by lending, keeping people in their homes, and helping clients with their needs. There are still economic challenges ahead that require your continued focus on clients and disciplined execution.

Over the past few months, I have visited many of you in the U.S. and around the world. I am continually impressed by the depth and breadth of talent we have at Citi. I am also very touched by your efforts to help customers and families in need and the communities of which we are a part. Thank you for all you do every day for our clients, customers, communities and Citi. I am very proud of your accomplishments.

Vikram


------------


Citigroup Inc., U.S. Government And Regulators Agree To TARP Repayment
6:30am EST

Citigroup Inc. announced that it has reached an agreement with the U.S. government and its regulators to repay U.S. taxpayers for the $20 billion the government holds in TARP trust preferred securities and to terminate the loss-sharing agreement with the government. Citi will immediately issue $20.5 billion of capital and debt, comprised of; $17 billion of common stock, with an over-allotment option of $2.55 billion; and $3.5 billion of tangible equity units (consisting of approximately $2.8 billion of prepaid common stock purchase contracts (recorded as equity) and approximately $0.7 billion of subordinated notes (recorded as debt). In connection with Citi`s offering, the U.S. Treasury (UST) will sell up to $5 billion of the common stock it holds in a concurrent secondary offering. After the secondary offering, the UST is subject to a 45-day "lock-up" period. The Treasury has also announced that it plans to sell the remainder of its shares in an orderly fashion over the next 6-12 months. In addition, Citi has decided to issue in January 2010 $1.7 billion of common stock equivalents to employees in lieu of cash they would have otherwise received. Once Citi repays the $20 billion of TARP trust preferred securities and upon termination of the loss-sharing agreement, it will no longer be deemed to be a beneficiary of exceptional financial assistance under TARP beginning in 2010.  - - - - - (repeated)

随机行走

在$3.55处等着。

老顽童

11# 随机行走
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Citigroup Shares Will Be Free To Get Fat Again
By TOMI KILGORE
A DOW JONES NEWSWIRES COLUMN

[Tomi Kilgore]
       

President Barack Obama may not be too happy with the "fat cat" bankers, but that's exactly what Wall Street seems to want them to be.

Citigroup Inc.'s (C) stock is likely to suffer further weakness over the short term as a result of shareholder dilution related to the repayment of Troubled Asset Relief Program capital and other technical headwinds. But once the knee-jerk selling and the taxpayer is out of the way, Citi will be free to become a fat cat once again, and that should be good for the stock over the medium to long term.

Remember that investors were initially unhappy with Goldman Sachs' (GS) plan to repay TARP as its $5 billion share offering announcement in mid-April was met with a 12% drop in a week. But keep in mind that plan was announced just a month after the stock market hit its bear market low. Eight months later, despite the Main Street backlash over the bonuses that TARP repayment allowed Goldman to pay its executives, the stock has gained more than 25%.

Bank of America Corp.'s (BAC) stock lost just 1.7% one week after announcing it's TARP repayment plan, even though BofA said on Dec. 2 it would issue $18.8 billion worth of securities convertible to common stock. Two weeks later, the losses have been pared to just about 0.6%.

Citi shares slumped nearly 5% on Monday after the company said it would issue $17 billion in common stock and $3.5 billion in "tangible equity units" (and don't forget secondary stock sales by the government). Given some technical headwinds, such as the recent break of a nine-month-long uptrend line and a pattern of lower peaks and lower troughs since late August, the stock could face further pressure over the near term, but not for long.

Standard & Poor's equity analyst Stuart Plesser said he viewed Citi's exit from TARP "positively," as it will ease compensation issues as well as reduce annual interest payments by over $2 billion. While share dilution is a concern, Plesser said it was in line with expectations and seems "already reflected in the stock price." The stock was at a four-month low of $3.76 in midday trading Monday, down 4.8% from Friday's close.

The 200-day simple moving average, which comes in around $3.65, should act as support for the stock, as it was the upside break of the 200-day SMA in mid-August that freed the stock to surge to multi-month highs. Even if that support gives way, the stock shouldn't get below the $3.25 to $3.30 range, as that level encompasses an upside gap in the charts created on Aug. 5 (the day's low was above the Aug. 4 high), when the stock soared 10% on record volume of 2.7 billion shares.

To erase the technical overhang, Citi's stock would need to first get back above the broken uptrend line, which currently extends to around the $4.15 level. Other key upside levels to watch include the 50-day simple moving average, currently at around $4.25 and falling, and downward sloping line, starting at the August high, that comes in around $4.40. ----

ranchgirl

在$3.55处等着。
随机行走 发表于 2009-12-15 08:57

me too

AGA7d

Don't understand the urge to buy citi...

dara

To be honest,

BAC is a much better buy than C.

新低手

To be honest,

BAC is a much better buy than C.
dara 发表于 2009-12-15 16:30

but more up and down range (%) for C

新低手

c down to $3.36 AH, now rebounced a bit

usamonkey

Citigroup Secondary Offering To Price At $3.15 A Share -CN

RedCedar

After the close of trading in New York, Citigroup priced its new shares at $3.15 each.

xiaozhu

$3.21, wait until $3