Not all contributors on this forum are looking for a continued rise in sp.Me for example.
Having jumped ship prematurely- as it now seems- and sold all on the rise at 0.345 my hope now is that the sp drops to 0.34 to allow me to get back in without a loss. The fluctuations in sp over the past 24 months suggest that this might be just possible but not,I think probable.
If only I had waited just one more week ...................
100% agree that psychology is very important, particularly group psychology. It would be so much easier if you could truly attribute a 50% weighting to any one individual input variable, psychology or anything else.
psychology is in my opinion (at least) half of the game when we talk about the stocks markets. If there was no speculation maybe all could be reduced to technical balance sheet data and co. decisions but since human emotions and ambitions are mixed into the equation psychology plays its roll. I prefer 100 times a solid business which was previously valued in the euros quoted now in the pennies than vice versa. I don't see either any particular advantage in a solid business having a high SP value. If the business is solid i prefer owing 10.000 shares at 30c rather than 1000 at 30 eur .A personal choice i guess.
"My wishful thinking is when the Gov't is ready to sell their holding, BIO buys them back at market value and they remove those shares from issuance."
Boi wont have the cash to buy the government shares for years. they have laid out their intentions clearly. pref share redemption this time next year followed by a reinstatement of a dividend. a consolidation wont cost much so not totally impossible, but no buy backs. they would possibly need CB or ECB approval for a buy back as well.
As a long term investor, if they want to raise the price out of sub 1.00 depths, I would prefer they start buying back shares. But with 32 billion shares in issuance, that would take a long time. My wishful thinking is when the Gov't is ready to sell their holding, BIO buys them back at market value and they remove those shares from issuance.
European Bank – Bank of Ireland & iShares STOXX Europe 600 Bank ETF Bank of Ireland (BUY, Target Price €0.39, previous close €0.37), having posted 16% gains YTD, has been the best performing stock of the 49 banks included within the iShares STOXX Europe 600 Bank ETF (SX7PEX GY), since FY results. The market was impressed with Bank of Ireland’s strong return to profitability (FY14 PBT of €921m), falling impairment charge (-€542m) and a fully loaded CET1 of 9.3%, which means the bank should be in a strong position to redeem its preference shares and have sufficient capital to re-instate a dividend in 2017. On a short term basis we suggest taking some profit given its run to date.
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