Buenas, te paso una noticia calentita de Bloomberg, creo que afecta a tu inversion en Sovering.

Un saludo

Sovereign to Raise $1 Billion With Banco Santander, Person Says

By Linda Shen

May 8 (Bloomberg) -- Sovereign Bancorp Inc., the second- biggest U.S. savings and loan, will raise more than $1 billion from investors led by part-owner Banco Santander SA of Spain, a person familiar with the matter said.

Santander, which has a 24.9 percent stake in the Philadelphia-based thrift, will lead partners including Relational Investors LLC, the person said. Relational, based in San Diego, is Sovereign's No. 2 shareholder after Santander.

``I'm not surprised to see it led by their largest shareholder,'' said Matthew Kelley, an analyst at Sterne Agee & Leach Inc. in New York. He expects the thrift, which posted a $1.3 billion loss for all of 2007, to price shares in a fundraising at about $6, below today's close of $7.46.

Banks and securities firms have raised or announced plans to seek $245 billion since July to replenish capital depleted by the collapse of the U.S. subprime market. UBS AG analyst Matthew O'Connor said on April 24 that Sovereign was the most likely of the 16 banks he tracks to need a ``large amount of capital.''

Sovereign spokesman Ed Shultz declined to comment, while Santander spokesman Peter Greiff didn't return a call. The Financial Times earlier reported Sovereign's plan, saying it could involve the sale of common shares, convertible preferred shares or a combination.

Other participants in the sale will be determined this weekend and a deal could be announced early next week, the person familiar with the matter said, declining to be identified because the talks are private. Sovereign's board opposed any attempt by Santander to infuse capital on its own, raising its stake, to preserve negotiating power should the Spanish bank try to acquire the thrift in the future, he said.

`No Desire'

P. Michael Ehlerman, Sovereign's chairman, said in a meeting with shareholders today that Santander ``has no desire at this point to go forward'' with an expansion of its stake in the lender.

Santander bought a 19.8 percent stake in the thrift in 2005, leading to the ouster of Sovereign Chief Executive Officer Jay Sidhu. The Santander, Spain-based bank later raised its stake.

Until next month, Santander can buy more of the thrift if asked to do so by the company, and has the right to make a bid in the event of an unsolicited offer by another party. Starting in June, Santander has the right to acquire the rest of Sovereign at a minimum price of $40 a share.

The thrift said nonperforming loans rose 73 percent as of March 31 from a year earlier to $417.8 million as commercial borrowers struggled to repay debts amid the U.S. housing slump.

In the fourth quarter, Santander booked a 737 million-euro charge ($1.14 billion) on its Sovereign investment. Shares of Sovereign have lost more than two-thirds of their value from the average $24.83 price that Santander paid in 2005 and 2006.

Seattle-based Washington Mutual Inc., the largest U.S. savings and loan, said last month that it would raise $7 billion in a deal struck with TPG Inc. Sovereign is the second- largest publicly traded savings and loan by assets.

¿No te parece que se está formando una cuña para arriba que en cualquier momento puede "estallar"?
Un saludo

Buenas Oscar,

Pues si, tiene toda la pinta. Desde luego yo apostaría por una bajada, en este tipo de situaciones en el 70% de las ocasiones. El volumen esta tambien descendente, aunque en este punto es probable que este afectando la falta de liquidez. Aunque esto tambien refuerza la idea de que es complicado encontrar dinero ahora para invertir en bolsa.