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Bank Of Ireland Share Chat (BIRG)



Share Price: 5.14Bid: 5.10Ask: 5.14Change: 0.00 (0.00%)No Movement on Bank Of Ireland
Spread: 0.04Spread as %: 0.78%Open: 5.065High: 5.14Low: 4.962Yesterday’s Close: 5.14


Share Discussion for Bank Of Ireland


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Posts per page:

ashton
Posts: 283
Opinion:No Opinion
Price:5.14
RE: Sell Off
Today 13:13
You will know about the dividend on the 25th Feb, results day.
 
janeyUU
Posts: 6
Opinion:Strong Buy
Price:5.14
RE: Sell Off
Today 11:45
Also what are peeps thoughts on the Divi, will it be higher than €0.12 this year. They did say it would in the past.
janeyUU
Posts: 6
Opinion:No Opinion
Price:5.14
RE: Sell Off
Today 11:43
Dipped my toes in here this week. I had looked at this bank a few months ago and thought Brexit would continue to weigh heavily on the price. But at current prices it would be rude not to take some of those Capital shares
My view now is that we are gone so low here that it will be a great recovery play . A recovery to the upside of €8 is a 60% gain. Not impossible if Brexit gets sorted. ;)
Wexford
Posts: 752
Opinion:No Opinion
Price:5.14
RE: Hmmm..
Fri 23:19
Ha...soon you will be able to put Bitcoin in there too
joebop
Posts: 3,105
Opinion:No Opinion
Price:5.14
RE: Hmmm..
Fri 23:01
Nobody falling for the numismatic coin ruse?
Wexford
Posts: 752
Opinion:No Opinion
Price:5.14
RE: Hmmm..
Fri 21:57
Cash
joebop
Posts: 3,105
Opinion:No Opinion
Price:5.14
RE: Hmmm..
Fri 21:28
What's your hedge?
Wexford
Posts: 752
Opinion:No Opinion
Price:5.14
RE: Hmmm..
Fri 20:39
My view is 2019 will be the year of global margin calls that will make the Financial Crisis in 2008 look like a picnic.
johnmcclean
Posts: 1,587
Opinion:No Opinion
Price:5.14
Hmmm..
Fri 20:34
I wounder has Europe been caught out economically? The numbers out today on manufacturing and activity from all over the place are poor. Brexit can't be blamed for this either. Actually quite the opposite. In the UK and Ireland and I assume all over Europe business have been stock piling. Every warehouse is full in preparation for borders going up if the Brexit is hard. So businesses have actually been over ordering and are bursting with stock and inventory. A bit worrying if manufacturing and activity in China, Europe and the US is slowing. I wounder who is funding all these full warehouses. Hopefully not the "competitive" brexit loans the "banks" are offering.

When activity slowed after the last crisis the worlds central banks came up with QE and lower interest rates. this time round at least the US has a little room to maneuver. They have been retiring billions of the QE bonds and raising rates over the last while. Not so China, Japan or worse Europe. Europe's bullet belt is empty unless it just keeps printing indefinitely. There's actually an economic theory and movement around permanent QE now..

There's a good chance an end to trade wars ( even if China needs to have its wings clipped) and protectionism would ease the pressure. For Europe, a reasonable Brexit deal, or no brexit, would brighten the outlook no end. With a bit of luck 2019 will be a little brighter than 2018.
johnmcclean
Posts: 1,587
Opinion:No Opinion
Price:5.14
RE: Sell Off
Fri 19:25
Funds like Capital are made up of money from loads of different clients. Their investment decisions are constantly changing. When all markets are shaky and worse been predicted it's not a surprise individuals and institutions are nervous. With bonds and US interest rate offering a better rate now why risk the markets now that there is a competitive alternative that didn't exist for the last few years. Expect more of the same for the next while I would think.
skinnarney
Posts: 67
Opinion:Hold
Price:5.055
RE: Sell Off
Fri 17:09
They might be waiting for it to drop lower and buy back in.
Observe
Posts: 89
Opinion:No Opinion
Price:5.125
Sell Off
Fri 16:31
Note that Capital Group out of the US sold off close to 1% of its holding in BKIR (still hold 4.98%). Most likely accounts for the weakness from about 6.00. No one stepping up to take their order in one go.
Would love to chat to their analyst over there to figure that decision.....buy high and sell low!!! Good riddance and hope they don't come back!!
Time to kick back?? Next week will tell.
joebop
Posts: 3,105
Opinion:No Opinion
Price:5.055
RE: Take Over and Manipulation
Thu 18:44
Senator, that 14c divi works out at a 3.6% yield, which for those buying now, is a bit more inspiring than at a €8 sp. I wouldn't call that much of a victory though.
PGee
Posts: 554
Opinion:Buy
Price:5.055
RE: Take Over and Manipulation
Thu 17:04
Senator, I think that was a little joke on Bronxs part, however you would be advised to keep a fire extinguisher in your car just in case.
Bronxville
Posts: 676
Opinion:No Opinion
Price:5.09
Manipulating
Thu 16:17
Whats happening!
The hedgies are manipulating the share price on LOW volume on the London Stock Exchange and Shorting it in HIGH volume in the 'so called' Irish Stock Exchange..
Senator1
Posts: 443
Opinion:No Opinion
Price:5.08
RE: Take Over and Manipulation
Thu 16:01
There is no way CBI or SSM would sign off on an individual buying a bank either directly or through a corporate vehicle. Also no way any bank in Europe allowed to buy another bank with NPE ratio greater than 5% unless it was a zero price rescue which isn't BkIr's situation.
No this is down to Brexit unknowns but also a very poor mgmt team and uninspiring 14 cent div accrual which if net is e800-850M is pretty poor and suggests a lack of confidence to me
Bronxville
Posts: 676
Opinion:No Opinion
Price:5.055
RE: Take Over and Manipulation
Thu 15:42
Sean Quinn!
PGee
Posts: 554
Opinion:Buy
Price:5.085
Take Over and Manipulation
Thu 15:23
Well maybe what I have being saying all along is coming to pass, finally. Lets see if we can find a smoking gun. Any ideas anyone who it might be?
Bronxville
Posts: 676
Opinion:No Opinion
Price:5.055
RE: Take over
Thu 15:21
Not gonna happen!
Observe
Posts: 89
Opinion:No Opinion
Price:5.055
Take over
Thu 14:50
Highly unlikely that the acquirer would delist the share and therefore choice to remain is there. The buyer would have lined up a number from existing shareholders to satisfy his demand... before announcing the offer. A total buyout would mean either a cash payment or shares in the predator....wherever they are listed.
Howth
Posts: 123
Opinion:No Opinion
Price:5.065
Degiro and takeover bid
Thu 14:42
Thanks Ashton for Degiro. Haven't moved yet from Davy. Anyone got comments on Degiro's service?

Question: If a takeover offer was made and accepted say offering a 25% premium over the Sp of €5, would we be forced to sell our shares to the new company?
Observe
Posts: 89
Opinion:No Opinion
Price:5.08
Value Trade
Thu 14:21
With the scars to show for the early buys!! Regrets no....perhaps helped by having zeroed my previous holdings between Jan and Aug.
I get the Brexit circus and the continuation for some time, all things being equal. I do not get the correlation factor with BKIR. For a bank with 60% of its business in Ireland but being marked as if it had 100% of its business in the UK simply does not make sense. In most cases you would go back to the b/s and income statement to look for problems/issues. Nothing to see and indeed a lot to believe....E800m pa annuity! So what else can be going down? Weak shareholders (government?) , legacy negativity? (most likely judging from this site) or a concerted play to drive value down on a share that finds itself caught up in an one in a generation political event across in the UK. Because it has the negatives of shareholding it lends itself on a weighted factor (or manipulation as some on this site would argue). The most likely outcome of this is predatory takeout.
Where the price gets to....who knows. It has broken any rational trading levels now so my guess it is to the point that the predators have set as the takeout number. No existing core shareholder prepared to build their holding (rather looking over their shareholders to sell) means that the predator will push more but down here we are now I will guarantee there are visitors from the mainland already beating the door at HO!!
Hotdog1
Posts: 1,078
Opinion:No Opinion
Price:5.10
Take over
Thu 13:55
here too- it’s ripe to be plucked
johnmcclean
Posts: 1,587
Opinion:No Opinion
Price:5.10
RE: Value Trade
Thu 13:35
After your post on Nov 21st when BIRG hit your target NAV of .75 and a price of 5.75 you were at buy buy buy up to an NAV of 1.1, I posted the following..
"I think May's deal is a near term catalyst. If as expected it crashes and burns then the SP drops below €5. if she defies all and gets it through we then more or less know what Brexit acutally means and we are heading for €8. As we are at an NAV of .75% today then the down side looks a lot less than the upside potential. However after 9 years of chasing this share lower there is one lesson I (should) have learned .. the ability of BIRG to shake off all positivity and to disappoint is unrivaled."

This still holds in my opinion so I am with Senator1's view. I think the situation is the UK is worse now than ever. May did not win the confidence vote yesterday. She got the vote for the least worst option for the UK at the moment and that tells you where they are. Not only that but by avoiding putting her brexit deal to parliament she has put off the inevitable for another month. So for BIRG no news means more uncertainty and a share price most likely heading for the mid €4's. Logically it makes no sense but that's where we are. The ending of EU QE today, although no surprise is not going to help sentiment either. No Santa rally this year.
Bronxville
Posts: 676
Opinion:No Opinion
Price:5.08
RE: Value Trade
Thu 13:31
Just like every other bank in Europe..
There's value everywhere..




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