Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
It’s very clear Google ECB Crystal clear and you will see all the members of the governing council ‘s views
Let it go You loser
BIRG have bought back 16,176,435 shares as on the 18 April at a cost of €147,147,857. Average daily volume = 462,183 at average daily cost of €4,204,224.Balance available for buy backs = €372,852,143..
Between today and ex div date of 11 May there are 14 trading days so am assuming a buy back total of c 7 million shares at an assumed cost of little under €70 million leaving a balance of c.€300million for buy backs post ex div date. ie 30million shares approx to be bought back prior to release of H1 24 results in July so the buy back ante to be raised.
Divs applicable to c.23 million shares ( 16,176345 plus 7mill) = 13,905,807.
According To Christine Lagarde today - "Euro zone inflation is likely to decline further and the ECB MAY apply the scissors to interest rates if it's long standing price growth criteria are met ".
At the same time it's Governing Council is NOT PRECOMMITTING to a particular rate path " Lagarde said.REPEATING the Bank's most recent guidance.
Risks to the inflation outlook are 2 sided she said - upside risks include heightened geopolitical tensions as well as higher wage growth and more resilient profit margins.
So , Cuckoo, you may read between the lines, above the lines , below the lines or even the lines themselves but I for one cannot see any reference to it being CRYSTAL CLEAR that the scissors SHALL be applied in June with a further scissors application in July. Later I shall reexamine the comments of the ECB President and it's Governing Council through the eyes of an Eagle.
Interesting to note that AIB is now not far off Davy target price (about 8%) - however the current BIRG price is still way below their target price - looks like the momentum is with AIB at present.
Please explain where you got €14m figure from I’m not sure about it
AIB up 14.6% since going ex div.would be nice if BIRG appreciated 50% of that following ex div.
The 14mill saving on div payments going to reserves will help.
ECB have now moved on to discussing weather to cut again in July
Ash, yes I see what you mean with the “7%” today, although is a better look!
GLA
It would be great for everyone if we can reset and stop the childish bickering.
Hopefully the SP momentum upwards continues.... GLA
Johnny I’d give that post 2/10
I think your mixing up cooking with cuckoo
Cristal clear Johnny cristal clear
Read between the lines Johnny How many times
Cuckoo,
I fully appreciate the fact that when you are not camped in other birds nests you are in the air beneath the clouds with the benefit of bird's eye view of events.However you are not blessed with the eyes of an eagle.
Also,while you may post that the ECB is "Crystal Clear" on a June rate cut I have never known the ECB or the BOE or the FED to make SPECIFIC comment on future rate movement(s) as their language is in the form of "may" or "might" etc leaving their future options open and LEAVING YOU TO READ BETWEEN THE LINES.
ECB “ Crystal Clear “ on June rate cut. As I said before Johnny you need to start reading between the lines!
Ignore the London SP. The real action is in Dublin. €9.75 just now. GLTA
I think it's a glitch as I couldn't see the 5% drop elsewhere including my Degiro account. It seemed to rise another 0.6% in after hours trading too.
What’s with the 5% drop?
GLA
Let’s hope you’re correct as usual!
Gone for a burton now means even Steven’s 🤔
The FED'S ongoing fight against inflation could take longer than expected with 1 FED Policymaker suggesting rates could remain at their current levels until 2025.
According to top ECB official prospect for use of interest scissors in June assumes no further set backs in the geopolitical situation affecting energy prices and other inflationary factors.
British price inflation slowed by less than expected to 3.2% in March when the BOE had forecast a drop to 3.1%. The BOE is likely to want more conclusive evidence that a sustainable return to the target level of 2% has been achieved before they pivot to further use of the scissors.
So the Cuckoo is 100% certain that the scissors will be put to good use by June 6 following ECB meeting. My feeling ,as it was towards close of 23, is that it is even steven at the moment but if the geopolitical situation deteriorates , as mentioned by ECB official, the scissors may not be used in 24.
I am sure the Board will be delighted to see you are finally converted to Inspector Clouseau's philosophy with more visionary use of the front window and less of the rear view mirror. Your concern for a fellow poster is very touching and heart warming. It is so heart felt would not be surprised if you went wailing to Mama. However our fellow poster may take comfort when BIRG hits 10.5 or thereabouts before the scissors is plunged into the interest heart.
Good job nobody remembers my “she will > €10 by the summer “ disaster! Ah well this old FKIR never fails to disappoint…..
GLA
JH You predicted interest rates were gone for a burton you didn’t clarify uk ECB or us.
I posted last October rates (ECB) would be reduced in March/April I was premature it will 100 percents be June !
Finally it’s not fair when dealing with a fellow poster with limited intelligence to stop/advise him not to sell at €10.12 when that was his wish
Cuckoo,
fyi I have NEVER had a post deleted on any LSE board , so you had better look elsewhere for your culprit but why anyone would wish to delete it is beyond me .
Cuckoo's patience is as limited as the brains in his cuckoo sized brain. You may be accustomed to climbing ladders but the market keeps away from ladders.BIRG also traded at 9.74 today and the SP readily varies by up to 3% daily. Very comfortable with seeing BIRG hitting 10,12 plus 50c in coming weeks .It traded at 8.92 on 26 march - 8.80 on 20 march - 10.12 on 10 april.Appreciate Iran etc may put a spanner in the works but ceteris paribus 10.12 plus 50c would not make financial headlines.
Next meeting of ECB = 6 June while BOE =9 May - Fed = 30 April/1 May. As you should be aware , being the IC interest rate spokesman, when speaking of the timing of interest rate movement you refer to the end of the month rather than the beginning.Hence reference to interest rate movement for June the reference point being end of June rather than the beginning. Similarly with march /september etc.
You continue to be very quiet on whether or not interest rate reductions will come into play in June and if there are reductions where will they apply -ECB or BOE or FED - or all equally. What do you expect to roll out from BOE meeting on 9 May and FED on 30 April/1 May and how they will influence the ECB.
Hopefully your predictions will be more accurate than your BIRG predictions for 26 February.
Post deleted by JH I’ll try again
Green grass was boating about the sound advice he got from JH recently
Don’t sell @€10.12 is will go up another 50c
Unfortunately the share is currently €9.55
Sound advice indeed
Burton
Attack Attack Attack you’re like a rat in a corner.
You posted that rate reductions are gone for a button in 2024 . Not sure where you live but I was talking about the ECB last time I checked I had euros and cent in my wallet
As for a rate reduction before June that’s not possible John next ECB meeting is in June.
Also this is not a competition in communication
Attack Attack Attack you’re like a rat in a corner.
You posted that rate reductions are gone for a button in 2024 . Not sure where you live but I was talking about the ECB last time I checked I had euros and cent in my wallet
As for a rate reduction before June that’s not possible John next ECB meeting is in June.
Also this is not a competition in communication
Some things never change with the Cuckoo still exercising literally the communication skills of a cuckoo.
Any possibility that that you might elaborate on your communication skill relating to "rates being gone for a Burton "
- have rates being extinguished ?
- have the ECB applied the scissors instruement to rates ?
- have the rates taken the upward journey to the stars ?
I note ,however, that your prediction -ie the one you stuffed down our throats towards the end of 2023 _- that the scissors would be applied with a vengeance in march 2024 has never materialised. Do you envisage the scissors being applied before June 2024. If so, will it be applied to the ECB or BOE or FED or to all 3 simultaneously. Is your position as interest rate spokesman for IC under threat.
Looking forward to receiving your front window viewpoint as opposed to the rear view history.
I’ll pass on that thanks . I’m doing just fine without it.
And god help you if you take your advice from some clown online that you don’t even know.