The market climbed on Tuesday. After a down start to the trading session, the market direction reversed. The S&P 500 and Dow Jones hit fresh trading highs and closing highs yet again. Just past 4 am ET, the$S&P 500 Index (.SPX.US)$traded up 25 bps, the$Dow Jones Industrial Average (.DJI.US)$climbed 20 bps, and the$Nasdaq Composite Index (.IXIC.US)$fell 56 bps. MACRO Consumer sentiment took a sharp downturn in Septemb...
$Hawaiian Electric Industries (HE.US)$ buy up when HE goes under the 8 dollar mark. They aren’t going anywhere. Hawaiin Progressive fruitcakes still need electricity
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john song
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How much are they selling the shares for the offering
70831857
OP
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They have not disclosed the share price publicly as of yet. This piece of an article I found interesting though. The crisis raised questions about the fate of American Savings Bank, the state’s third-biggest bank and the only bank in the country owned by a utility holding company. American Savings Bank said in July that Hawaiian Electric had been conducting a strategic review for the bank, confirming an earlier report in Bloomberg News. The bank could be valued at $600 million to $800 million, according to Evercore ISI. Hawaiian Electric’s financial advisers ran a broad sales process but found little interest from potential buyers on the mainland US, as Hawaii is a small market with little growth potential, one of the people said. The deal requires Central Pacific — Hawaii’s fourth largest bank by deposits — to raise money from private equity because it’s smaller than American Savings and will need cash to help cover unrealized losses in its securities book, which have to be recognized when a bank changes hands. Honolulu-based Central Pacific had $7.4 billion in assets and 27 branches as of June 30, according to its website.
70831857
OP
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$HE at the market offering. That of itself smells. Screams that they couldn’t assign any price in good faith. $250m offering was 20.8m shares at $12.00. Imo this round will dilute the pool by 30m shares.
Hawaiian Electric Industries Stock Forum
overnight 7%
Just past 4 am ET, the $S&P 500 Index (.SPX.US)$ traded up 25 bps, the $Dow Jones Industrial Average (.DJI.US)$ climbed 20 bps, and the $Nasdaq Composite Index (.IXIC.US)$ fell 56 bps.
MACRO
Consumer sentiment took a sharp downturn in Septemb...
buy up when HE goes under the 8 dollar mark. They aren’t going anywhere. Hawaiin Progressive fruitcakes still need electricity
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