This bank share has been one of the worst performing in Europe in 2016...we went completely backwards in 2016 and the share is still stuck in the 20 cents bracket. I for one have no choice but to keep faith with this share as my break even point is in the late 40's. Unlike some people who have been completely wiped out, I will be holding these until I take early retirement in approx 6 years time at the ripe old age of 55. The share price should be around 45/55 cents by then I imagine.
BREXIT will affect this share however so I foresee many peaks and valleys over the next couple of years.
The EU has been brilliant for Ireland but we have also been good for the EU. The only worry after the UK on the horizon is Italy. High unemployment and major debt issues. Banks are all very fragile with French banks owning huge amounts of this debt.
The French economy is doing better however and they have just landed massive naval contracts and a very lucrative fighter plane (rafale) with India, Quatar, Egypt etc, in addition to a huge submarine contract (30 billion with Australia alone). France will elect François Fillon in 2017 and the economy will start to boom I feel.
A propos, anyone interested in renting a small three bedroom house in West Dublin?? 1, 700 euro per month.
Two years ago the same house could be rented for 950 euro. Insane!
.. if you have an iphone.. accumulate the symbols in 'stocks' much easier.. i keep a watch out for some bank stocks.. currencies.. and oil.. 2 sectors for 2017 i predict are banking and oil.. and keep a watch on the euro and the £..
.. earnings are not that far away.. 7 - 8 weeks.. Db German bank was up 6% today.. some banks did not move at all like BBVA.. but then Bkir and Db have taken a beating this year.. bkir has a market value of 8.5b € so it has good upside..
Jumping onto this post now the rollercoaster is going in the right direction. Think there will be ups and downs with good ol article 50 but holding a pipe dream that with interest rate / house price rises this could hit .50 in 2018. Go on call me crazy...
Happy New Year one and all. Great to see our beloved BKIR going in the right direction. It still has a long way to go but hopefully FED rate hikes and inflation will keep the trajectory on a steady path and the hope of dividends for this year. GLA.
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