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Siemens Aktiengesellschaft (SIEGY)

Other OTC - Other OTC Delayed Price. Currency in USD
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66.91+0.45 (+0.67%)
At close: 3:59PM EST
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  • E
    Edward
    OK, cash from Siemens Energy sale is on its way. "Ex-div" was Nov 17, payable is Nov 24. $6.17 per share.
  • E
    Edward
    What happened overnight? Closed at $72+, opened today at 66.28.
  • B
    Bakka
    Did any ine who owns ADRs SIEGY get shares or cash from the Energy division spin off?
    Thanks for responding
  • b
    bemiller
    Does anyone else ever read (http://tradingstrategys.com)? They just mentioned SIE.DE this morning.
  • A
    Anonymous
    Did anyone get their spin off shares of the new energy company. I did not as of 10/3/20
  • E
    Edward
    From ADR relationship manager:

    "According to Deutsche Bank, the depositary for Siemens, the company announced that the spin-off shares will be sold and a cash distribution will be made to the Siemens AG ADR shareholders. Once the Siemens Energy shares are sold, Depositary Bank will announce a record date and an ADR pay date to the market resulting from the sale of the unregistered shares. Only after the announcement is made, the exchange will establish an Ex-Date for the cash distribution. No further information is available at this time."

    SIEGY ADR holders get a cash payment. Siemens Energy started trading on 28 Sept in Germany. So far there doesn't seem to be any consequential impact on Siemens/SIEGY price.
  • m
    mike
    Asking if this is a good time to buy the stock? Or are you feel as a pullback coming?
  • M
    MARK
    Has anyone any valued news on this company? Shares seem to be loosing their ground.
  • M
    Mike
    I enter my guilty plea for being somewhat confused by the whole spin off thing.
    I got here last year because SIEGY was considerably off its highs and had two things I really like.
    An old company with a long track record of reinventing itself over and over again as old techs cycle out and the ability to pay a reasonable dividend without missing a step.
    The spin off wasn't in the air at the time.
    So, I'm trying to figure out where I'm at now and would appreciate any help toward that end.
    As I understand this now ADRs cannot receive shares.
    We will get a cash payout in lieu of shares but that won't occur until Siemens can sell a lot of paper to cover.
    Undoubtedly this will take many months and will put pressure on the share price of Siemens Energy unless they can come up with some compelling news.
    I have to imagine this could take 6 months to a year to complete unless their is large scale demand from institutional buyers.
    Back of the envelope I see the spin off is valued by the market at $18.6 billion.
    55% of that is just shy of $10 billion.
    1.6 billion shares out makes the value approximately $6 per share.
    Is that about right?
    Bullish
  • E
    Edward
    "Siemens will give 55 per cent of its power business to shareholders when it spins it off in September, the German engineering group said on Tuesday, the latest stage in its shift away from a sprawling conglomerate."

    How does this work with ADRs?
  • O
    Omar
    Why the 10% drop?
  • A
    Andre
    Siemens will be 125 by beginning of August. New and more slim organization to be announced + good profits
  • R
    Richard
    The California Public Utilities Commission approved an order Thursday that will require PG&E Corp., the state’s biggest utility, to change the way it supplies power when demand peaks.
    The California Public Utilities Commission approved an order Thursday that will require PG&E Corp., the state’s biggest utility, to change the way it supplies power when demand peaks.
    www.latimes.com
  • R
    Richard
    Solar Turbines(CAT)
    http://www.solarturbines.com
    Redirect - Mysolar
    www.solarturbines.com
  • K
    Kroptie
    Siemens is buying trxc for $3.75 a share Transenterix
    RegenXBio (RGNX) Receives a Buy from Chardan Capital | Analyst Ratings
    www.analystratings.com
  • D
    Dan
    Siemens + General Electric fighting for a huge $17billion-contract in Iraq (unfortunately in german language). Both companies should benefit nicely...
    https://www.capital.de/wirtschaft-politik/wie-siemens-und-ge-um-den-irak-kaempfen
    Siemens hoffte auf den größten Auftrag seiner Geschichte: die Elektrifizierung des Irak. Dann trat der Erzrivale General Electric auf den Plan
    Siemens hoffte auf den größten Auftrag seiner Geschichte: die Elektrifizierung des Irak. Dann trat der Erzrivale General Electric auf den Plan
    www.capital.de
  • K
    Kirk
    Chief Executive Officer Joe Kaeser and Christian Bruch, chief executive officer.
    "Anytime you have a team that has diversity of thought, diversity of color, diversity of culture – all those things – it’s going to be a much stronger team. I’m a firm believer in that, and it will give Siemens a strategic advantage to help increase value. Do you have any of those things at Siemens?