Guys, BOI Market Cap was definately in the 18-19bn range pre-implosion, all academic really at this point given that the market has fundamentally changed in the past 7 years...great to see some healthy debate though, we're all in this seeking the same end-game...only items of significance now are positive results tomorrow and an equally positive interim statement in early November..mass ingress of news positive newbie posters next week should be indicative of uplifts if past experience bears fruit
because that is what you will have when we reach 15BLN - given the current state of play, I think that BOI is doing quite well - but for the life of me I can't see why.
Now that the bottom has been established in the property market with the blunt instrument of auctions, some small momentum is developing in Dublin and near vicinity. Our boys who brought us to where we are now will next develop a story that will encourage confidence and bolster it by lending some money which will cause prices to rise which will reduce the level of bank impairment and thus provisions.
No doubt this will have a beneficial effect on the market cap and we can all book the holiday and perhaps the new car.
There I go again - the swallows have gone and the month of the Holy Souls is ahead of us so let's not get over excited - when you've been here since 2008 you have learnt that a pessimistic view is wise where this outfit is concerned.
We are not out of the choppy water yet when we look at Tesco who are only one of our hi-flyers amongst many who make a virtue of gilding the lily - when they are running on a fund of cheap money and haven't paid a worthwhile dividend for ages because a lot of them are or will be submerged in debt and would sink if they had to pay more for their money.
Do I feel better now - yes - have a good weekend all.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.