the simple average of the 13 forecasts i have for net is e285 million for FY 2014. There is only one forecast above e600. If they guided e600 (recurring excl one offs) for fy 2014 this sp would fly as its so above forecasts from the pros. The e600 is just below the av of 2015 so they would be a year ahead!!! no, it doesn't need to be that good.
also from a technical point of view there is nothing special about 0.27. 0.26 is a much stronger obstacle, then 0.278 ish
Breaking into 27c is key and it will take results above expectations to do that. They will need to be close to €300 mil pre tax profit with guidance to break 600mil full year 2014. NIM 2.05 will be tough to beat because of the lack of borrowing here. The uk could possibly help boi to reach the 2.05 mark. Anything above will be fantastic. The big one will be debt write downs. I think we will see a big improvement in the loan books and that guidance will be very positive. That 8billion capital put aside will not be needed post stress test.
It will require a 10% lift in 4 days to get us safely past 27c. That's a big ask especially with markets so nervy but it has to be the minimum you would expect with the results they will have. I am no way a gambler but as an investor I will be very disappointed if we don't break 27c on Friday. So 27.5 for close and I would be happy and with an expectation of pushing on to 30 soon after. (So, no messing Putin !!!!!)
It will be interesting to see what happens on Friday. It is frustrating to watch this SP go up and down like a yoyo but if you review the general spread over the past year (except for the blip up to 0.38, which was out of character) it has been a gradual increase. If you're the type of investor that follows the SP hourly, this may not be the share for you (stress related health implications) Good Luck
bkir & IRE are battling to break through the 50 day SMAs respectively of 0.26 and $14.65. You should expect that this will be no slam dunk. The tougher the battle to decisively break through the stronger it will be to work as support. It might need a push from AIB assuming they can produce a good half year report
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.