Would you not do a simple course on shares ? Your 100% correct. Buying shares and not knowing what your at is like walking on thawing ice. That is only fair. Only idiots walk on thawing ice. Right ????
Hi folks, new to posting here but have been following the board with great interest. I got burned a bit about 14 yrs ago in stock trading and have been quite cautious since. I remember buying shares like these during the dot com bubble when the the prices were based on potential future earnings and not on current fundamentals as with MKIR, AIB and ptsb today. About 3 wks ago I sold BKIR, ptsb and aib all at between 20% and 40% gain on each. I waited for the BKIR results and at the end of the day on Mon it hadn't fallen as I expected so I bought in again at 37c. I noted the interest in ptsb and bought in again at about 11c? So now I'm down by approx. 7% BKIR and up about 15% on ptsb. My experience on the ground here in Ireland is that BKIR is re-structuring big time and ptsb is very aggressive in getting new customers on board with good offers like no current account fees, good deposit interest rates (well compared to competitors).In fact I switched my banking to ptsb recently and they are very good. Bof I here are countering ptsb with cost cutting; I see branches closed and ATMS boarded up. My first hand experience on the ground is cut-throat competition. About 4 years ago I saw the BKIR share price at 5c and my wife had some personal money tucked away but I couldn't bring myself to suggest she invest in BKIR. About 1 year ago I intended to take out a loan in Bank of Ireland and buy at about 12c. I didn't. My rationale is that Ireland has been absolutely hammered and that these 3 shares are a bet on the future of the Irish economy and not based on the current fundamentals of the 3 companies, where P/E ratios are minus numbers. A company with a negative P/E ratio would normally be ignored by the market. So in summary, I'm like a 'cut cat' nursing my wounds from 14 years ago and not sure I have the nerve to leave my bets to simmer and walk away. I'm very nervous when I think I'm right because a cat called Ross might bite my ass - ouch! Two bits of advice were given to me recently by an independent advisor: 1. If you can walk away with 500 profit in a day, that's a good day. 2. If it looks too good to be true, then it probably is. .....In summary, I intend to hold BKIR and not sure about ptsb. N.B. I AM AWARE OF IRISH GOVERNMENT STAKE AND COMING UP TO NEXT ELECTION THEY NEED TO GENERATE GOOD NEWS. NOONAN VERY POPULAR HERE AT THE MOMENT. WHAT A MANIFESTO: "WE HAVE MADE A PROFIT FOR THE TAXPAYER BY SELLING TRANCHES OF SHARES IN OUR NATIONALISED BANKS!" Be careful out there! S'pose I should change my profile name to 'Cut Cat!'
Absolutely. The SP at 13/14 cents is off the wall when you consider the amount of shares in circulation and the government holding of 99% + just like AIB but I am looking more at expectation and stabilization and possible fusions and mergers to push this SP north.
And that is what is going to happen...SP rises on viable future projects and plans for a bank. PTSB and Ulster bank are here to stay (especially PTSB) and has a most definite future. I have more or less broken even on this share now having bought it at 0.03 cents and slightly higher to offset my madness buying at 2 euro and 1.50 euro.
I will hold until such time as it goes a bit higher ..at least up to 20 cents or so.
I think in my understanding. Iptsb true value is not 13 cent. As that 13 cent makes the market cap off the wall its so high . It's a bubble. Do the maths yourself. No of shares issued multiply by 13 cent. The answer valuation is not a burst bank as its billions of euro.
You are 100% correct. 99% of the bank is held and not traded by the govt. 1% is the float. Because the float is at 13 cent / share with Iptsb. There is a market ap calculation all shares x today's price is the market cap. In the case of Aib this is over 100 billion dollars today . This is totally off the wall wrong.
Hi fontenoy - I'm really green at this - I have shares in ptsb also - was lucky enough to get in at .03, as good fortune would have it, I didn't have the free cash to buy when they were falling and I thought they couldn't fall any lower than a euro! Same with BKIR! Anyway, I digress! So, am I right in assuming, based on agritraders comment that the market cap is based solely on 1% of the ptsb? I obviously need to read share trading for dummies! Sorry, realise it's probably a very dumb question! Can you or anyone else advise a good book to get me up to speed? Thanks.
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