Shane Ross’s article is profoundly ignorant. Wilbur Ross jumped onto BKIR when it was a sinking ship and nobody else would touch it. It was his restructuring skills, and not those of Boucher, which has brought this bank back to a level of viability. Far from selling out and clearing off back to the US, as Shane Ross has stated, he sold only 6% of his holding (at .329 Euro cents) and continues to hold a far larger percentage, which, he says, he has no immediate plans to sell. He has also stated that he is now looking at other potential investments in Ireland, which he considers to be a country with a future. Ireland should be so lucky. The alternative was either to see this bank go bust or for the Irish Government (read: tax payer) to take on yet greater debt.
For my part, I bought at .07 pence and, thanks to Wilbur’s skills, sold at .23 pence, making a nice little profit. Yes, I sold too early, have learnt my lesson and, like 2CV, and currently sitting on a pile of cash ready to jump back in as soon as this sp drop looks like it has flattened out. By December 2015, IMHO .30 Euro cents will be a distant memory.
Correction there radar. Please don't underestimate the power under my bonnet... You're also getting a tad cryptic there. Yip, there Wexford, if we don't see a significant bounce back you have correctly given a known phrase a new meaning. Amazing to watch the evolution of the English language in front of our very eyes.
U can even watch the video of guys blowing kisses at each other...
Unless you are wilbur Ross or watsa driving down the road in your 2cv oblivious to everything you should know that in the long run small movements in this share shall be of no or insignificent consequence.
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