If you have some cas$ in AIB don't despair. Average down. It does require new cash and a little bit of pain. What happens is you buy the 'new' shares a couple days after floating, at a miserably low price, as much as you can afford and a bit more. Calculate your average price per share and wait for the market to reward you. Good luck. Been there.
Where am located, it is 20 mins to 8. You didn't specify Irish time, midnight. Therefore kindly change my prediction to 00.415 I just got a note from BOI to explain all statements online in future. This is positive development in cutting expense.
Have just returned from a weekend in the province - Belfast gets more like Dublin every time I go - just like Leeds everybody seems to be going somewhere. Beautiful Christmas Market at City Hall and surprisingly "Nollaig Shonagh" in bright lights, high on the side of the building which was good to see. They all seem to be driving good cars still and the restaurants do not seem to have slowed down one bit even though I am told that 80% of homes that are mortgaged are like my daughter's in "negative equity."
As far as she is concerned, negative equity is a state of mind because she is still planning to buy again in two years time - ahh what it is to be young and still optimistic.
The owner of the hotel that we stay in tells me that he is expecting a considerable global slowdown due to the burden of debt that all the various countries are carrying. The figures that he quoted for the UK under young Mr Osborne's management were certainly far from encouraging only serving to confirm my sentiments which I have been indicating for ages.
What he did not factor in however was the Middle East - we get a good fireworks display going over there, our politicians will forget all about the books.
Had a look at the SP and am disappointed that we haven't had more bids on the closing price - in the good old days, when we were crashing all the time and Bond Holders were being liquidated by big ears Noonan we used to have some good fun - to keep our spirits up.
True aib shareholders deserve compensation if goverment had any sense after bailing out big guys. Very politically sensitive I'm sure they'll do the right thing if they have any heart. Would also give economy a boost and increase their chance of been elected. Could get very sour if shareholders turn on dem
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