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Bank Of Ireland Share Chat (BKIR)



Share Price: 0.241Bid: 0.242Ask: 0.243Change: 0.005 (+2.12%)Riser - Bank Ireland
Spread: 0.001Spread as %: 0.41%Open: 0.237High: 0.243Low: 0.236Yesterday’s Close: 0.236



Share Discussion for Bank Ireland (BKIR)


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fermoy2
Posts: 63
Off Topic
Opinion:No Opinion
Price:0.24
trouble
11 Jul '14
http://seekingalpha.com/news/1837785-european-banks-tumble-on-portugal-trouble

When the going gets tough, the tough suspend trading. Portugal has halted trade in Banco Espirito Santo with the stock off 17.2% on the session and 54% over the last month. At issue are financial troubles for the bank's privately-owned holding company, Espirito Santo International. Its accounts are currently under review by an external auditor who has identified irregularities and concluded the company "is in serious financial condition."
Santander (SAN -5.8%), UBS (UBS -1.8%), Deutsche Bank (DB -3.1%), Bank of Ireland (IRE -5.6%), Credit Suisse (CS -2.8%), ING (ING -3.2%), BBVA (BBVA -3.1%). U.K. banks: Barclays (BCS -3.8%), RBS (RBS -1.9%), HSBC (HSBC -1.9%), Lloyds (LYG -2%).
European financial sector ETF: EUFN -2.4%.
 
Senator1
Posts: 187
Off Topic
Opinion:No Opinion
Price:0.24
More interesting
10 Jul '14
IRE now 3% from parity. This helps buyers who like having a dollar exposure. Let's see if this increases the interest stateside which could really help this share. The previous double digit premium would have kept certain US institutions that can only take $ exposure away of which there are many & which are big by Irish standards. Now BKir mgmt need to ensure this doesnt go materially out of line again by ensuring the arbitragers can do their work unhindered.
Senator1
Posts: 187
Off Topic
Opinion:No Opinion
Price:0.24
View Thread (3)
RE: Share price...
10 Jul '14
i agree a sp at 50% of bv would be suggesting the possibility of default/restructuring.....not on the cards for a bank now profitable and building bv, albeit slowly. That's fantasy

BOI's exposure to Spain & Portugal is a 1bn euros all covered bonds so even if Espirito goes this in itself shouldn't be an issue as the covered bonds are designed to not be related to the originator's credit. Espirito is Portugal's leading bank and wont be let go, so worst case would be nationalisation. so its more an equity risk than counterparty risk.

The days of getting Bkir at 50% of bv are well & truly gone
Beyondme
Posts: 815
Off Topic
Opinion:No Opinion
Price:0.24
Just keep buying
10 Jul '14
Every time she drops, just buy more, at some point in the future this little goldmine will pay you back, not many around like this one, it will pay you back in the future, you might have to wait some time, it will come right though.
allmoyne
Posts: 178
Observation
Opinion:Strong Buy
Price:0.24
bear necessity
10 Jul '14
all we are missing here is goldielocks ! and if she turns up she will have more than 3 bowls of porridge to taste.i am off to pampalona ,getting lonely here! buy buy bye
mattyboob
Posts: 9
Off Topic
Opinion:No Opinion
Price:0.24
View Thread (4)
RE: Support @ 25c...
10 Jul '14
Dinarius wrote "Next stop 15c. I'll be averaging down before the year is out"

Well if for some ridiculous reason it gets to 15c, I will be averaging up
irish_bob
Posts: 191
Off Topic
Opinion:No Opinion
Price:0.24
View Thread (2)
RE: ?
10 Jul '14
when you put forward a view that suggest a share may drop more than 50% from here to a level not seen in nearly two years ( when the bank was still in danger of outright nationalisation ) , you best not be too surprised if some prick holes in your thesis
Dinarius
Posts: 43
Observation
Opinion:No Opinion
Price:0.25
View Thread (2)
?
10 Jul '14
What are you talking about "discrediting" my argument?

There is NO argument, merely an *observation* as to where I see support levels. Period.

Shares do tend to test support levels, and if they don't hold, they tend to fall to the next level.

There is a lot of blind optimism on this board and I suspect that a lot of people are wishing they weren't in as deeply as they are.

It may well be the case that if or when the Ross overhang is gone, we may bounce off 25c, or 20c - if we fall there in the meantime.

D.
irish_bob
Posts: 191
Off Topic
Opinion:No Opinion
Price:0.25
View Thread (3)
RE: Share price...
10 Jul '14
it would take the threat of outright default for the SP to get back to 9 or 10 cents , with that line , you completely discredit your entire arguement

id be astonished if it got close to 15 cents , 19 is rock bottom as it would be a 50% drop from the yearly high , that wont happen unless stress tests are failed , we do have work to do under 24 cents however now that we entered that territory
Dinarius
Posts: 43
Observation
Opinion:No Opinion
Price:0.25
View Thread (3)
Share price...
10 Jul '14
Yes, there is support at 20c, then 15c, then 9/10c is a major support level.

Something of a recovery in today's trading now.

Wondering if the Ross overhang is still in the market?

Whatever about holding (which I intend to do) no way would I buy. The trend is down, pure and simple. Anyone saying otherwise is in denial.

D.



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