Cardboard Posted June 5, 2013 Share Posted June 5, 2013 Indeed you are correct... My bad. I posted this news article from CNBC, but I have seen it also on Reuters and Forbes. It just shows to double check your sources no matter how many repeat the same story even if written differently. Cardboard Link to comment Share on other sites More sharing options...
Cardboard Posted June 5, 2013 Share Posted June 5, 2013 Now, let's go with a rumour! ;) I would expect some news very soon. I don't have a Bloomberg terminal, but I see the stock moving up strongly now in the pre-market with decent volume. Did we receive the deposit on the ILFC sale? Cardboard Link to comment Share on other sites More sharing options...
vpagano Posted June 5, 2013 Share Posted June 5, 2013 Well it certainly would appear so..... http://www.sec.gov/Archives/edgar/data/5272/000119312513247896/d549684d8k.htm Link to comment Share on other sites More sharing options...
ourkid8 Posted June 5, 2013 Share Posted June 5, 2013 Amazing news, once this closes we just need to wait for the capital return announcement which should come out shortly! My bet is $5B split between dividends / share repurchases to propel this stock to $50!!!! Tks, S Well it certainly would appear so..... http://www.sec.gov/Archives/edgar/data/5272/000119312513247896/d549684d8k.htm Link to comment Share on other sites More sharing options...
racemize Posted June 5, 2013 Share Posted June 5, 2013 Wait, does this mean the whole thing is cleared? It could still go south right, they would just lose the deposit? Link to comment Share on other sites More sharing options...
vpagano Posted June 5, 2013 Share Posted June 5, 2013 That's what I was thinking, and I guess it took the market a little while this morning to have the same thought. Link to comment Share on other sites More sharing options...
krazeenyc Posted June 5, 2013 Share Posted June 5, 2013 ILFC could cause some short term volatility -- but in reality if it doesn't close -- it simply means it will take time and resources to complete another deal. Meh... I'm not so concerned about the short term volatility of AIG based on these short term headlines. I'm more worried about macro insanity that could occur. Link to comment Share on other sites More sharing options...
Uccmal Posted June 5, 2013 Share Posted June 5, 2013 IMHO, The ILFC deal is not material to AIGs prospects going forward. It was relevant last fall, but not now. If they keep it on the balance sheet they will earn some money on it. I think they should forget about the China deal, and float an IPO. Sell it to the public over a couple of years. Getting it off the balance sheet is more important than the cash the sale will make. Getting ILFCs debt moved off will allow AIG to improve its credit ratings. Right now the debt is being counted by the rating agencies as part of AIG. Link to comment Share on other sites More sharing options...
MrB Posted June 5, 2013 Share Posted June 5, 2013 IMHO, The ILFC deal is not material to AIGs prospects going forward. It was relevant last fall, but not now. If they keep it on the balance sheet they will earn some money on it. I think they should forget about the China deal, and float an IPO. Sell it to the public over a couple of years. Getting it off the balance sheet is more important than the cash the sale will make. Getting ILFCs debt moved off will allow AIG to improve its credit ratings. Right now the debt is being counted by the rating agencies as part of AIG. I still think it cannot be sold...maybe an IPO can work. I will be happy to be proven wrong though. Link to comment Share on other sites More sharing options...
Uccmal Posted June 14, 2013 Share Posted June 14, 2013 Something driving me a tiny bit nuts about this AIG lawsuit against BAC. It would be interesting to cross compare the shareholders of AIG and BAC for overlap. I am betting that a bare minimum of 50% of the shareholders of BAC are also Shareholders of AIG, with known cross holders, and index funds. If the lawsuit was put to a vote I would think it would be cancelled. This would save both sides a mountain of fees, and remove uncertainty from both sides, especially BAC. Just a thought. Link to comment Share on other sites More sharing options...
nkp007 Posted June 14, 2013 Share Posted June 14, 2013 Something driving me a tiny bit nuts about this AIG lawsuit against BAC. It would be interesting to cross compare the shareholders of AIG and BAC for overlap. I am betting that a bare minimum of 50% of the shareholders of BAC are also Shareholders of AIG, with known cross holders, and index funds. If the lawsuit was put to a vote I would think it would be cancelled. This would save both sides a mountain of fees, and remove uncertainty from both sides, especially BAC. Just a thought. I'm with you on this. Let's do it. Link to comment Share on other sites More sharing options...
krazeenyc Posted June 14, 2013 Share Posted June 14, 2013 Something driving me a tiny bit nuts about this AIG lawsuit against BAC. It would be interesting to cross compare the shareholders of AIG and BAC for overlap. I am betting that a bare minimum of 50% of the shareholders of BAC are also Shareholders of AIG, with known cross holders, and index funds. If the lawsuit was put to a vote I would think it would be cancelled. This would save both sides a mountain of fees, and remove uncertainty from both sides, especially BAC. Just a thought. LOL . AIG needs to do what's best for AIG -- even if there is shareholder overlap. I'm sure you know this. Link to comment Share on other sites More sharing options...
nkp007 Posted June 14, 2013 Share Posted June 14, 2013 Something driving me a tiny bit nuts about this AIG lawsuit against BAC. It would be interesting to cross compare the shareholders of AIG and BAC for overlap. I am betting that a bare minimum of 50% of the shareholders of BAC are also Shareholders of AIG, with known cross holders, and index funds. If the lawsuit was put to a vote I would think it would be cancelled. This would save both sides a mountain of fees, and remove uncertainty from both sides, especially BAC. Just a thought. LOL . AIG needs to do what's best for AIG -- even if there is shareholder overlap. I'm sure you know this. Correct. Not what's best for the lawyers. Link to comment Share on other sites More sharing options...
LC Posted June 14, 2013 Share Posted June 14, 2013 LOL . AIG needs to do what's best for AIG -- even if there is shareholder overlap. I'm sure you know this. AIG needs to do what is best for AIG shareholders ;D Link to comment Share on other sites More sharing options...
mrvlad0 Posted June 17, 2013 Share Posted June 17, 2013 AIG extended ILFC deal deadline by month and half, July 13,2013 http://1.usa.gov/ZX3RyK Link to comment Share on other sites More sharing options...
Uccmal Posted June 17, 2013 Share Posted June 17, 2013 Something driving me a tiny bit nuts about this AIG lawsuit against BAC. It would be interesting to cross compare the shareholders of AIG and BAC for overlap. I am betting that a bare minimum of 50% of the shareholders of BAC are also Shareholders of AIG, with known cross holders, and index funds. If the lawsuit was put to a vote I would think it would be cancelled. This would save both sides a mountain of fees, and remove uncertainty from both sides, especially BAC. Just a thought. LOL . AIG needs to do what's best for AIG -- even if there is shareholder overlap. I'm sure you know this. Correct. Not what's best for the lawyers. Exactly, Right now AIG is doing what is best for lawyers. Cases like these, with dubious outcomes at best cost a fortune for both sides. And all shareholders suffer. Anyway, the case will be long gone before anything changes. Link to comment Share on other sites More sharing options...
fareastwarriors Posted June 17, 2013 Share Posted June 17, 2013 http://www.bloomberg.com/news/2013-06-17/aig-extends-share-deal-on-plane-leasing-unit-with-chinese-group.html AIG Extends Share Deal on Plane-Leasing Unit With Chinese Group Link to comment Share on other sites More sharing options...
dcollon Posted June 17, 2013 Share Posted June 17, 2013 I wish they would just sell it to Berkshire. Link to comment Share on other sites More sharing options...
fareastwarriors Posted June 18, 2013 Share Posted June 18, 2013 http://www.bloomberg.com/news/2013-06-18/aig-falls-as-bernstein-cites-risk-to-ilfc-deal.html ... The insurer said yesterday it is open to new offers for its International Lease Finance Corp. and may pursue an initial share sale of the business after extending for a second time a deadline for a group of Chinese investors to buy the unit. The group, led by New China Trust Co. Chairman Weng Xianding, agreed in December to pay $4.2 billion for an 80 percent stake in ILFC. .... Link to comment Share on other sites More sharing options...
mankap Posted June 19, 2013 Share Posted June 19, 2013 Buy-rated AIG's price target is hiked to $56 from $52 by Deutsche's Joshua Shanker after meetings with Peter Hancock, the CEO of the insurer's P&C business. Shanker is confident AIG is on track to achieve a 90-95% combined ratio by 2015. A dividend - "modest," but more than "nominal" - and continued share repurchases are looking more certain for 2013. Shares +0.5% premarket. http://seekingalpha.com/currents/post/1092842 Link to comment Share on other sites More sharing options...
racemize Posted June 19, 2013 Share Posted June 19, 2013 Buy-rated AIG's price target is hiked to $56 from $52 by Deutsche's Joshua Shanker after meetings with Peter Hancock, the CEO of the insurer's P&C business. Shanker is confident AIG is on track to achieve a 90-95% combined ratio by 2015. A dividend - "modest," but more than "nominal" - and continued share repurchases are looking more certain for 2013. Shares +0.5% premarket. http://seekingalpha.com/currents/post/1092842 any one have that report around? I'd be interested to read it. Link to comment Share on other sites More sharing options...
dcollon Posted June 19, 2013 Share Posted June 19, 2013 Here you go racemizeDB_AIG.pdf Link to comment Share on other sites More sharing options...
racemize Posted June 19, 2013 Share Posted June 19, 2013 Here you go racemize Thanks! Looks like they peg the dividend right at the warrant threshold - I guess it will be good for price appreciation, but that's the highest level without any adjustments! somewhat painful... Link to comment Share on other sites More sharing options...
ourkid8 Posted June 19, 2013 Share Posted June 19, 2013 Don't forget, this will also be combined with a share repurchase program. We still have 6 more years left in the warrants so plenty of time for dividend adjustments! :) Tks, S Here you go racemize Thanks! Looks like they peg the dividend right at the warrant threshold - I guess it will be good for price appreciation, but that's the highest level without any adjustments! somewhat painful... Link to comment Share on other sites More sharing options...
nkp007 Posted June 19, 2013 Share Posted June 19, 2013 Don't forget, this will also be combined with a share repurchase program. We still have 6 more years left in the warrants so plenty of time for dividend adjustments! :) Tks, S Here you go racemize Thanks! Looks like they peg the dividend right at the warrant threshold - I guess it will be good for price appreciation, but that's the highest level without any adjustments! somewhat painful... Warrants expire in 2021, so we have close to 8 years left. That's A LOT of time. Link to comment Share on other sites More sharing options...
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