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Bank Of Ireland Share Chat (BKIR)



Share Price: 0.265Bid: 0.265Ask: 0.2675Change: 0.00 (0.00%)No Movement on Bank Ireland
Spread: 0.0025Spread as %: 0.94%Open: 0.2625High: 0.275Low: 0.2625Yesterday’s Close: 0.265


Share Discussion for Bank Of Ireland


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equitrder
Posts: 151
Off Topic
Opinion:No Opinion
Price:0.2375
RE: new government
6 May '16
Who is the opposition?
It can't be FF.

The longer it goes the more of a farse it will be.Straight of the bad the new minister for Transport.Shane Ross does not have the personality to deal with the union's and what does he know about sport
 
johnmcclean
Posts: 1,219
Observation
Opinion:No Opinion
Price:0.2375
new government
6 May '16
I actually think this will be a relatively stable government and last at least 3 years and most likely longer. It is not in FF's interest to bring down a government where they have set many of the policies and at the same time are the main opposition party. Its an interesting position to be in and not to be given up easily.
The independents now have a chance to prove that an independent can bring about real change through power. Throwing away opportunity would be foolish. Next time around they would get it hard make a case to the electorate for support. As for FG. They have to make this work because minority government might be the way things will be for quite a while. you need to keep alot of others happy in a situation like that.
X4Eu2
Posts: 812
Off Topic
Opinion:No Opinion
Price:0.24
Where's the lift
6 May '16
I sure was wrong last week. Seems like BOI not regarded, yet, as a buy, by institutions, despite ratings, progress, relative to contemporaries, buying in to a dividend (ulp!) and despite government formation, Ireland's gdp and gnp forecasts by respected bodies. Now I'm hanging my hat on a rebuttal of the low interest rate, internationally, which, imo, just fills the troughs of the non-transparent hedge fund types, leaving the rest of us poor. Did I really say all that?! In for a penny: Let's give Trump a try-out and get back to financial basics with a bit of elbow room for the banks.
ranger4
Posts: 7,875
Off Topic
Opinion:No Opinion
Price:0.24
Political Interference
6 May '16
Finance spokesman Michael McGrath told the Irish Examiner he will table legislation “within weeks” to give the Central Bank extensive powers persuading lenders to cut expensive standard variable mortgage rates.

“We will introduce legislation at the first opportunity,” said Mr McGrath.

A majority of deputies in the Dáil would now support imposing some sort of controls on mortgage interest rates because lenders are charging “excessive rates”, he said.The legislation could be on the statute book in a relatively short period of time, said Mr McGrath.

The agreement Fianna Fáil has struck to help support a minority Fine Gael government includes a commitment to tackle high variable mortgage interest rates.

The commitment by Mr McGrath means there is likely to be swift progress over variable rates, of which Ireland has the highest in the eurozone.

The Central Bank has long said it doesn’t have the powers to apply ceilings to mortgage interest rates, and, indeed, doesn’t want such powers.

Central Bank governor Philip Lane told reporters last week that imposing a rates ceiling was “a very crude instrument which has many downsides, and is really the symptom rather than the underlying cause”.

He is worried that any controls will discourage new lenders entering the mortgage market.Any legislation to regulate standard variable mortgage rates will not be universally welcomed.

One senior market source said new entrants would likely shy away from a country where rates are set by politicians.

“Political interference would be perceived as very unhelpful,” said the source, referring to funding of Irish lenders and the potential erosion of value in the banks when the State sells its stakes.
ranger4
Posts: 7,875
Off Topic
Opinion:No Opinion
Price:0.24
All will be revealed
6 May '16
Kenny a dead duck PM his hands along with noonan well and truly tied now Independents will control the strings of power otherwise pull the plug uncertain times ahead for Ireland.
johnmcclean
Posts: 1,219
Observation
Opinion:No Opinion
Price:0.24
RE: Govt
6 May '16
i don't think there is very much that will move the share price higher until after the in out referendum anyway. Even after that ECB policy will continue to impact and there is no telling yet what the new government will do on mortgage arrears and interest rates. there were rumors last week that the banks have decided to reduce variable rate when a new government was in place. time will tell.

The one positive might be housing. To make money banks need to lend. With so few houses on sale there has been no real market for banks to lend into. My experience is that that is changing and fast. a number of sites in the Dublin commuter belt area and down along the east coast have been reopened or started lately. In the last month I know of at least 4 big sites in Kildare alone and 1 in wexford all with 300 to 400 houses where houses are going up at boom time speed. I don't have a connection with Cork Limerick or Galway but I suspect the same is about to happen there if it hasn't already.

Housing will be a big part of the new government focus so either the CIF have been made big promises already or they are assuming a stimulus plan is coming. Either way activity has exploded lately. It may take a few quarters for this to show up in the numbers of new mortgages drawn down but it will feed through eventually.
Hotdog1
Posts: 766
Off Topic
Opinion:No Opinion
Price:0.24
Govt
6 May '16
The foundations of a new govt are built on sand. I'll give it 6mths which is depressing as our beloved sp is now in the toilet re its value now. I can't see too many positives ? Anyone out there on the plus side??
Borninusa123456
Posts: 151
Observation
Opinion:No Opinion
Price:0.24
All will be revealed
6 May '16
Will a Taoiseach and a blue shirt cabinet make a difference to bank of Ireland.time will tell
aps991323
Posts: 60
Off Topic
Opinion:No Opinion
Price:0.24
PER
6 May '16
Davy - 2016 9.91 / 2017 8.66
irish_bob
Posts: 821
Off Topic
Opinion:No Opinion
Price:0.24
RE: Senators Opinion Sought
6 May '16
just checked the PE of bkir on the site 4 traders

they list a PE of 8.93 for 2016 and a PE of 8.34 for 2017




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