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
7
3
Report
john song
:
How much are they selling the shares for the offering
70831857
OP
:
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
:
$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.
Stocks mostly inched up Monday as Wall Street managed to slightly extend its recent rebound from the big pullback that it saw earlier this month on weak July U.S. jobs data. The Nasdaq Composite led the upward, gaining 35.31 points (0.2%) to a 16,780.61 close. The S&P 500 likewise inched up 0.23 points (less than 0.1%) to a 5,344.39 finish, although the Dow Jones Industrial Average shed 140.53 ticks (0.4) to 39,357.01. T...
Space Dust
:
it's a BLEED OFF, .. FFS, this market is gonna go up 1-2 days, and down 3.. at the END of each month, after inflation, WILL BE A NET LOSS. .. war. turmoil, have to pay for it, by backdoor market liquidation.. and the RETAIL INVESTOR WILL HOLD THE BAG LIKE every previous time . and the WHOLE TIME DOWN.. sugar coating .. and gaslighting.. it's a " buying opportunity" ..such an old, tired, played out statement.
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
The Nasdaq Composite led the upward, gaining 35.31 points (0.2%) to a 16,780.61 close. The S&P 500 likewise inched up 0.23 points (less than 0.1%) to a 5,344.39 finish, although the Dow Jones Industrial Average shed 140.53 ticks (0.4) to 39,357.01.
T...
No comment yet