COOP News (ehemals: Wamu /WMIH)

Andersrum ist aber mancher auch aufgrund schlechter Bankpraktiken beim Umtauschprozedere übergangen worden...

die bank hat als beispiel 2.550.000 wamuqs in ihren lagern und releaset diese komplett, das ist auch der grund warum du deinen namen nicht auf der besagten "Liste" findest. wie gesagt wie das rechtlich ist, weiss ich nicht. würde ich aber auch nicht nachfragen. keine schlafenden Weckchen anbellen.

... die releases 'en bloque' erteilt (im namen der bank).
ist auch der grund weshalb ich bei meiner bank
- die depotbestände betreffend WAMU per release datum
sowie
- termingerechten eingang und korrektheit der abstimmungsunterlagen (releases)
schriftlich habe bestätigen lassen.
ist aber für gewöhnlich kein einfaches unterfangen - hat mich rund zwei monate plus diverse einschreiben an die rechtsabteilung der bank gekostet.
so looong *klonk*
/paketix

... noch :D

das wir das Ganze ohne die United -Gemeinschaft nicht geschafft hätten. Denkt doch nur mal an die Ausfüllhilfen. Oder an die Existenz (und Bedeutung) des W8 Formulars oder an unsere nervigen Anrufe bei den Banken (wo wir besser informiert waren als viele Broker dort) oder an den Lagestellenwechsel usw. usf.

Das haben WIR ALLE zusammen geschafft und das war keine Kleinigkeit für DEUTSCHSPRACHIGE AKTIONÄRE !

Dabei ist mir jetzt ein fehlender Punkt fürs FAQ aufgefallen (grins), mach mich gleich mal an die Arbeit...

Fröhliche Grüße

ranger100

hallo Wamu

ich habe damit dem W8 Formular wegen den escrows noch nichts gemacht.
Muss ich das jetzt gleich nachholen oder reicht es wenn etwas ausbezahlt wird?
Wo erhalte ich die Formulare? bei meiner Bank und wie leite ich die dann an wen weiter?

LG

 

13. Was ist die Funktion und Bedeutung eines W8- Formulars ?

Antwort: Die USA erheben eine Quellensteuer von 30% auf alle Dividenden, Zinsen und Fondserträgen bei allen nicht US-Bürgern. Es gibt aber zur Vermeidung von Doppelbesteuerungen (hier müsst ihr die Erträge ja schließlich auch versteuern) ein Abkommen mit den USA. Allerdings greift dieses nur wenn den US-Behörden ein sog. W8 Formular von der deutschen Bank vorliegt. Es ist für jedem Besitzer von US Anlagen ratsam ein solches vorsorglich bei seiner Bank einzureichen.

Hier ein Link zu diesem Formular: http://www.comdirect.de/cms/media/corp0038.pdf

 

www.finanzen100.de/finanznachrichten/...sch_H1373710512_63178/

hoffe allen gehts gut
kinder in der schule, frau am putzen,
na dann................!

also das unsere wamu so ein zaeher laden isch, haette ich so nicht gedacht!

man kann fast glauben die warten bis wir oder viele unter dem boden sind
dass koennen die aber glatt vergessen das zeugs wird von mir vererbt und die erben vererben wieder das ganze zeugs also die koennen schieben und verschieben so lange sie wollen die unendliche geschichte teil 1 bis ???

und ueberhaupt,

ich lass es mir noch ein paar wochen gut gehen in tenerife bin jetzt im spanischen fernsehen gefilmt worden sie nennen mich jetzt der wilde cubaner aus sud-alemania mehr habe ich nicht verstanden aber das reicht auch!

so, ich habe jetzt weekend genug geschuftet, bares bekommen und lass es mir gut gehen!

wuensche allen zucker-schnuckiies ein sonniges und erholsames wochende

und seit nett zueinander!

isch doch richtig oder!?

ist einfach der HAMMER!!!  :-)

das noch Zeiten, als man Freitags in der Hoffnung auf ein WE-Settlement ins Bett gehen konnte!​

(8-Ball) Help me understand the Capitalization equation

www.boardpost.net/forum/index.php?topic=4077.msg41891#msg41891
Zitat jaysenese:
(8-Ball)

So CSNY has said he / she has run multiple capitalization scenarios and comes up with high potential stock prices for WMIH.  I want to be sure I have the basic concepts correct.   All of the numbers below are just wild guesses.  Do I have the concepts right?

1.  WMIH issues, say, $4B in notes or preferred shares.  These are straight debt instruments carrying an annual interest rate of, say, 5%.   Annual interest expense, then, is $200MM / year.

2.  WMIH uses the $4B it raised to buy or begin a business or business that generate annual profits of, say, 10% a year, or $400MM year.

3.  At the end of the year, WMIH nets $200MM in pre-tax profit after paying the interest they owe.

4.  WMIH uses the stored NOL to basically pay no tax on the $200MM pre-tax profits, so their after-tax profits is also $200MM.  

5.  With 200MM shares outstanding, $200MM in after-tax profits means an EPS of $1.00.

6.  Since the stock will trade at some multiple of its earnings, a PE multiple of, say, 15X means that WMIH stock might be trading at $15.00 / share at this time.

Is this basically correct?
----------
Zitat investorwad:
Depends on numerous factors including industry, but a PE of 15 is reasonable as far as the S&P stocks go.

Much would depend on what type of business WMIH gets into. See how little we know? How can one value or speculate on buyouts when we don't know what it is?
---------
Zitat drkazmd65:
That would be my take on the scenario as well.  

The exact numbers (of course) would likely vary from those in your scenario - but the idea behind the numbers and how they might 'add up' appears sound.
----------
ZItat socauser:
Thanks for putting this out there.  I, too, want to understand this scenario.

Wouldn't their total profit be $400MM (or EPS of $2.00) because of they essentially didn't pay any tax.  The NOL's are worth something and by not paying tax as the years go by, they are working through the NOL's (value on one side) and realizing the value in yearly profit (value on the other side).  In other words, as they avoid taxes, the value transfers from the NOL's to bottom line profit - thus a higher EPS.

Again - looking to the team for validation of the concepts here - not the number so much...
----------
ZItat jaysenese:
I don't think that's right. In my scenario they grossed $400MM a year.  $200MM was spent to pay the interest on the $4B they borrowed.

That leaves $200MM pre-tax profit.  Without the NOLS they would owe corporate taxes on that money.  If we assume 35% taxes our EPS after taxes (comparable to all other companies' EPS) would be $130MM, not $200MM, or EPS of .65.  At 15x PE our stock would trade at just $9.75 rather than $15 if the NOLs are utilized.

I THINK that's where the value of the NOLs comes in.
---------
ZItat distrojunky:
Jay,

What am I missing if I use your assumptions?


Company Description   JAYS
Outstanding shares   400,000,000
Current share price(pps)   $10.00
PE Mult   15.00
EPS   0.65
Purchase price   $4,000,000,000
Earnings   $260,000,000
Revenue   $400,000,000
Tax Rate   35.00%
 
Under WMIH Ownership  
Cost Capitalization(annual)   $200,000,000
Interest for new Preferred   5.00%
WMIH Shares    200,000,000
Earnings Expectation   $200,000,000
New PPS(Assume same PE)   $15.00
---------
Zitat jaysenese:
I apologize, I'm not really sure what you are asking.  Are you asking "Jay, you are not making sense. What am I missing", or "Jay, I'm trying to understand you, what am I missing", or "Jay, you forgot one very important thing.  Here, I'll lay it out for you and see if you can figure it out?".  Or ....?

I believe the question is along the lines "OK, I am trying to understand what you are saying, Jay.  I think you're saying that if I make up an existing company, let's all it JAYS, and plug in some values taken from your assumptions, is this what we end up with?"

Let me think out loud (and remember, I am not sure at ALL that I am doing this correctly).

1.  I think you've laid out JAYS correctly.  What you call 'Revenue' I am calling 'Gross Earnings'.  Your basic assumption here is that WMIH is going to buy an existing public company, although I personally feel that WMIH will buy some profitable unit of some very big company or, as was suggested here yesterday, begin developing a whole new business, perhaps in mortgages, or something else.

2.  So, the day BEFORE WMIH buys JAYS, here's how they look:

   *** WMIH ***                 *** JAYS ***

SHARES:  200,000,000             400,000,000
CASH:  $4 Billion                      assumes -0-
DEBT:  $4 Billion                      assumes -0-
REVENUE:   -0-                               ?
ANNUAL COST:  $200MM           assumes -0-
GROSS EARNINGS   -0-             $400MM
NET EARNINGS  :  -0-             $260MM
TAX RATE:  0%                         35%
EPS:    -0-                                  0.65
P/E:    n/a                                    15x
STOCK PRICE:  ?                  $10.00 / share

and the day AFTER WMIH buys JAYS, here's what WMIH looks like:

SHARES:  200,000,000
CASH:    -0-
DEBT:    $4 Billion
REVENUE: ?
GROSS EARNINGS  $400MM
NET EARNINGS  : $200MM
TAX RATE:  0%
EPS:  $1.00              
P/E:   15x
STOCK PRICE:  $15.00
--------------------------------------------------
Zitatende

MfG.L:)

www.boardpost.net/forum/index.php?topic=4077.msg41912#msg41912

Zitat distrojunky:
Jay,

My confusion was your statement - "At 15x PE our stock would trade at just $9.75 rather than $15 if the NOLs are utilized."

I understood you were using the NOLs and resulting pps would be $15.  If that's correct, I'm fine.  TIA
-----------
Zitat bgriffinokc:
Jay,

A couple of things come to mind,

1.  We have 5,000,000 share of preferred authorized. Most of us assume they will be issued at $1,000.00 each, however I don't recall seeing that in writing.  I suppose half of them could be issued or even less than that is a possibility.  If all are issued at one time that would amount to a capital raise of $5,000,000,000 assuming face is $1,000.00 per share.

2. We still have the remainder of the unissued commons to be issued. Their future issuance is fuzzy at best, but will added to the total capital at some point in time.  What if the preferred shares are issued, a merger or acquisition take place and the commons go to $15.00. When the remaining commons are issued they will raise the cap. substantially what will that do for us.  We are in the dark at present, however in the near future we will get a glimpse at what the possibilities might really be. I personally plan on getting back what they took from me in March of 2010.m

If only a portion of the preferred shares are issued at first to raise the initial capital we really have no idea where this could lead us to in the future. This unknown, plus the reserved commons, place us in a guessing game as to where we are headed.  I suspect on the surface it may appear, " it is, what it is" , however if the hedge funds wish to buy out retail they may find it more difficult than they planned as there are several of us with our heels dug in.

Bob
----------
Zitat  jaysenese:
I'm sorry, I wasn't too clear.  My statement was in response to the question about whether or not I had utilized the NOLs in my calculations.  I meant to say something like "Yes, I figured in the NOLs.  If it weren't for the NOL's, WMIH would earn .65 a share, not $1.00 a share, and our stock, if it traded at a multiple of 15x, would be trading at $9.75 rather than at $15."
--------------------------------------------------
Zitatende

MfG.L:)

11352 Letter to the Honorable Mary F. Walrath Regarding No Reply Concerning Response to Debtors' Seventieth Omnibus (Substantive) Objection to Claims [Docket No. 9813]
          §302 k

www.kccllc.net/wamu/document/0812229130830000000000002

WAMU bankruptcy to be discussed - American Bankruptcy Institute (ABI)

www.boardpost.net/forum/index.php?topic=4075.msg41886#msg41886

Zitat Nightdaytrader9:
This upcoming ABI Program has at least 3 interesting items tied to WAMU:

ND9
**************************************************

The American Bankruptcy Institute will hold its 5th Annual Mid-Level Professional Development Program on October 11 at the Davis Polk & Wardwell Conference Center in New York.

1.) One of the 1:45PM topics is about WAMU:
"Getting Restricted without Getting in Trouble: Negotiation and Settlement in a Post-WaMu World."
Nearly two years have passed since Judge Walrath's September 2011 decision in Washington Mutual threatened to drastically alter the landscape of high-level financial restructuring negotiations. Since then, there have been few further developments in the case law to guide would-be participants in such negotiations. This panel will explore the legal and practical implications of obtaining confidential information in the course of restructuring transaction negotiations, including (1) whether the WaMu decision has had any lasting effects, or whether it has been superseded by subsequent events both in the WaMu case itself and in other major restructuring transactions; (2) how principals and professionals can best protect themselves in negotiating confidentiality agreements; and (3) the requirements for effective "cleansing" when settlement negotiations break down.
Gregory A. Bray
Milbank, Tweed, Hadley & McCloy LLP; Los Angeles
Matthew J. Hart
Lazard Frères & Co. LLC; New York
Laura Torrado
Knighthead Capital Management, LLC; New York
Edward B. Winslow
Jones Day; Chicago

2.) The welcome address is given by Michael O'Hara, from The Blackstone Group.  The Blackstone Group website says he has been involved with assisting in restructuring transactions, including Washington Mutual.

8:45-9:00 a.m.
Welcome Address
Michael O’Hara
The Blackstone Group; New York

3.) I threw this last item in as a laugh...  There is a topic at 10:15 that discusses financial institutions and "too big to fail."   Both JP Morgan and Weil Gotshal have representatives on panel...

www.abiworld.org/PDP13/schedule.html

--------------------------------------------------
Zitatende

MfG.L:)

11353 Motion of Claimant Craig Tall for an Order Granting Amendment to Proof of Claim Regarding an Additional Theory of Recovery Based Upon the WMI Executive Officer Severance Plan
          §2460 k

www.kccllc.net/wamu/document/0812229130830000000000003

er hat zwar nur 553 alte wamu's, aber wahrscheinlich noch zu 20, 30 oder 40$.
Aber ich glaube, er hat recht. Es wird Zeit, dass wir wieder etwas unternehmen, sonst ist es
2014 oder 2015 und wir warten immernoch auf news.
Wünsche euch allen ein tolles Wochenende.

VG
Navora

Hier sind die Direktlinks:

http://www.ariva.de/forum/...-Die-Infoseite-473931?page=11#jumppos284

http://www.ariva.de/forum/...-Die-Infoseite-473931?page=11#jumppos285


Montag haben übrigens die US Börsen geschlossen - Feiertag !

Schönes Wochenende wünscht

ranger100

läuft grad interessante sendung über Goldmann Sachs und ihre rolle in der finanzkrise

Sehr Interessant

hier ein link zur sendung in die mediathek, ist schon der hammer

wer es sich ansehen will

www.zdf.de/ZDFmediathek/hauptnavigation/...Bank-lenkt-die-Welt

zur Erinnerung!

Trust setzt deadlines bis 4.9 / 17.9.
Ungelöst verbleibende Fälle werden bei Mary am 24.9. behandelt werden.

Gladiatoren auf das der Rubel noch vor Weihnachten rollt!

Dann gibt's tolle Geschenke dieses Jahr!

für die beschuldigten Abkassierer war der Gabentisch ja schon die ganzen letzten
5 Jahre immer seeehr reich gedeckt. (Doch-Rückflüsse aus den ach`so wertlosen
Hyp.-Krediten u.v.a.m.) Aber vielleicht müssen die jetzt doch davon bald einen,
-hoffentlich ordentlichen Teil-, wieder an uns abgeben ...  

Hallo Forum.                                                                                                                             Frage an alle Versierten: Betrifft den Lagerstellenwechsel der WMIH vom Ausland nach Deutschland. Lt. meines Bänkers (Raiba / und dessen Anfrage bei seiner übergeordneten Depotstelle) ist der Lagerstellenwechsel für alle damals umgetauschten WMIH-Aktien nach Deutschland nicht durchführbar. Kann mir das jemand bestätigen oder soll man der Sache nochmals nachgehen. 

Vielen Dank im Voraus,

much slower