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Anybody receive their dividend today?
Divi is 6.2c a share.
Total distribution is over 380mil with 166mil making up the ordinary divi and the rest a share buy back
BOI announced €350m dividend & buybacks or €0.325 a share, wonder what AIB will go with? A €350m dividend would give €0.135 a share?
GLA
Broke WELL over the 4 euro barrier today on the euronext. €4.13 of a high IMO on the back of the northern Ireland brexit deal.
As I posted before I got in here during covid for a song and the sell price I'm looking for is €5.80 but tbh that was banked against BOI having a high of €7.80 and it'd flew over €10 today heading towards €11 which doesn't make a lick of sense to me (nor the brokers who price it at 7.80 or so).
So we COULD be in for a repeat of that blip way back when where it hit €9 a share.
So I'm feeling very confident ill get me 5.8 within the year and the only concern I have is that I may sell too soon.
Divi info may boost us next.
From RTE -
AIB has revised its medium-term targets and now expects a return on tangible equity of greater than 13% in 2024.
In a statement, the bank said it has set an absolute target cost of less than €1.75 billion by 2024. It also expects to deliver a cost income ratio of 50% by 2024.
Subject to a supportive macroeconomic environment and annual board and required regulatory approvals, in the coming years the bank will seek to move towards its CET1 target by prudently increasing levels of distribution, supplementing dividend with share buybacks where appropriate.
Colin Hunt, Chief Executive Officer, said, "We set out our strategy in December 2020 to fulfil our ambition of being at the heart of our customers' financial lives. Since then we have made significant progress in growing and strengthening the Group through an enhanced product suite, a transforming operating model and an increased customer base – now heading to over three million customers."
Mr Hunt said, "While global economic headwinds exist, the Irish economy continues to deliver economic growth and demonstrate resilience. Against this domestic backdrop and given the changing banking landscape and evolving operating environment, we have revised our medium-term targets and now expect a RoTE of greater than 13% in 2024. We continue to implement our strategy to enhance shareholder value and deliver sustainable returns."
GLA
From RTE
https://www.rte.ie/news/business/2022/1107/1333750-state-to-sell-a-further-8-of-its-stake-in-aib/
Bailing before Mary Lu can get her mitts on it!
GLA
Looking positive today - trading update soon
Davy has price target of 4.40euros here for 2023 - profits on track to be more then BIRG, over 1billion dividend uo 15cent from 4.5cent likely - over 3euros foe sure all agree ?
Slow but sure - has to be up around 2.75euros very very soon
Starting to move up now very behind with BIRG - only way is up here
1.97euros - when the buyback starting? buying under 2euros now good move
BIRG is on the up now very positive this will follow - buy
Banks are undervalued - more profits more dividends share buybacks - over 3euros
Hello - I see CEO hunt is buying some 2.06 - can see this up 2.73euros very quick bank run on the cards again
Quiet here - 50% upside easy
Little pull back because of the dividend - it will be up over 2.70euros in no time
Whats davy price target here ?
Can see this going over 3euros - UBS price target 2.90euros. dividend will double and profits on the rise rates up more - funds in irish banks safe bet
They announced today theyre doing a buyback (angling to get it off the states holding from what ive heard too) and paying a dividend for the first time in years.
4.5c a share though.
which prob explains why the share price tanked on the back of it. closing at 2.19 euros on the euronext exchange.
gotta say im in here since the covid crash so its all gravy to me. literally bought this when it and shell were drenched in blood on the floor.
Yankies, there would be nothing wrong with that, given share price of €2.35 as of today that’s a 5% dividend yield.
Hope your right!
What’s the block on an AIB 2021 dividend? Have EU banks been allowed to reinstate dividends yet?
If allowed what level do we think it would be?
GLA
Irish banks are probably the worst run in Europe. In addition, they lie through their teeth. We were promised a special dividend four years ago -never materialised. In addition they pay the dividend to brokers via a cheque. Who does that anymore. Worst investment in my lifetime. Disposing, as and when, Strengthens. BAD BANK.
Sold one third of my holding (=€30,000). Rest going shortly. Bad bank.
nuri123a
The ECB restrictions on bank dividends don’t expire until 30th September 2021 so the fact that there was no specific announcement on dividends is no surprise. However the half-yearly financial report contains the following paragraph
“The increase of 0.8% is due to a profit after tax of € 0.3 billion (+0.5%) and RWA reductions (+0.6%) partially offset by foreseeable charges in respect of dividends (-0.3%) and a reduction in investment securities (-0.1%).”
This means that they have allocated approx. 180 million Euros during the half year for future dividends. By my reckoning that works out as approx. 6.6 cents per share.
In my opinion we are on the right track. Still some patience is needed.