Banco Industrial Colombiano ADR NYSE:CIB Message Board

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Non-Tech : Banco Industrial Colombiano ADR NYSE:CIB

CIB 57.79

-0.2%

12:54 PM EDT

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To: Arnold Layne who wrote (54)	7/30/1998 5:52:00 PM
From: k urmann	Read Replies (1) of 72

Carl, I ran across the Bancolombia report by Santander about 2 months ago... I could only read the brief introduction to the report as you need an account to access it, but it said something to the effect that the post merger Bancolombia was dissapointing. I attempted to locate the report today but I failed, It was on one of the Santander sites.. I think it might be on this one saninvest.com CIB did not trade today despite a nice recovery for the markets. However in Bogota today, ticker: BAIC3 it traded up 1% or 20 pesos to close at 2020 with volume of 62,000. If the monthly dividend is 100 pesos and it is trading for 2000 pesos then I need to find out how I can buy on the Bogota market. you informed me that there were currently 1378 Colombian pesos/dollar... that means the shares in Bogota are trading for less than 2 dollars each and the yield would be over 50%. This does not seem possible? do you know if the exchange in Bogota trades in colombian pesos? Best Wishes, Kyle

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