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Interesting article in the Guardian a couple of weeks ago saying that many companies on the LSE felt undervalued.
Could it be that the same interest rates that are driving our profits are also contributing to a lack of inward investment in equities,why take a risk when you can get a guaranteed interest return?
Hope,
What’s your break even?
GLA
Of this reaches 9.30 I'm out with a loss, in it just over 10yrs, thinking it might do well. Before ye comment. Bought on 25th Feb 2014. Rolled the dice and lost. Would love to see 10.80, nearly got there but alas not to be.
100 Percents johnny
100 Cents is the name of a perfume johnny
Always written 100cent
4 interest rate cuts this year plus a further.35 cut as ECB bring deposit and refinancing rates closer together
The Cuckoo proving once again he has a Doctorate in Pedantry and a brain the size of a cuckoo's.
Officially, the euro is divided into 100 cents.
This week will tell a lot . Jerome Powell will indicate higher for longer as will ECB , and then we are still on for another 2 billion profit ( and at least another 60 cent in 2025 dividend ) plus another 500m buyback ! And higher for longer would indicate it will be 3-4 years before we see real discounts to interest rates ! This is a strong buy for me !
No such thing as cents it’s always cent
Cuckoo,
you obviously see what you WANT to see.
10.2 = 10 euro 20 cents.
John,
You may be right, but I see PTSB underlying profit before exceptional items going from €44M in 2022 to a reported €166M in 2023. And given that the CEO is still talking of dividends being kicked down the road, if I was invested there, I wouldn’t be best pleased.
GLA.
True to your narcissistic nature you accuse me of policing the board ha ha
It’s a bit like conducting the orchestra in the muppets
Have to start calling you wonky John
You talk about 52week high being 10/2
10/2 is not 52 weeks ago
Cuckoo,
still policing the board Lugs would be proud but pay more attention to Inspector Clouseau.also Pedantic as ever.
according to my board 52 week high shown to be 10.2.
Also John closing price yesterday was 8.914
Get with if Johnny
You love a bit of fake news
19 March 2023 sp 8.78
Cooking,
time to invest in a new calculator. In 12 months BIRG has dropped from 10.2 to 8.89-drop of almost 13% which to me is a damned sight more than 1.4% !.
Joeoh and I differed on the interpretation of the PTSB results and he is correct in his comments on growth.No growth in earnings, increasing costs and you end up without a pot to p..s in, never mind no dividends. However the fact that no div has been paid for 16 years the possibilty that divs MAY be paid in 26 is unlikely to result in heart attacks among investors due to excitement.A drop in PBT from 267mill in 22 to 79mill in 23 might lead to panic attacks.
Still trying to get my heead around market reaction to BIRG results.
In 22 PBT figure of c1.1bILL and a dividend of 21c together with a share buy back of c 13million shares. SP = €11.
In 23 PBT almost doubles to 1.9bill-div almost trebles to 60c with a committed buy back of almost 60mill and potential FURTHER buy back of 50million shares -SP drops 13.5% over the day ( 9.19-7.95).
With you, Cuckoo, being the investment guru, the yield curve strategist for IC and beloved by the market the only conclusion I can come to is that the market took your BIRG results predictions to heart and were shocked to see the huge variance in the actual results from your predictions.Probably explains why thy went along with your lower sp of 8.1.
What does FOS mean?
“ Fill your boots I bought more” posted @ €9.74
Not your best move Sammy
Some might say you are FOS
Cooking you are FOS
Ya and BIRG are down 1.4% over 12 months. After all the interest rate increases and nearly 2billion in profit.
Get over it you narcissist
Not to mention dividends
Joeoh,
PTSB have not paid a div since 2008 but that didn't prevent the SP hitting €3 less than 12 months ago.
Hi John Hume, are you buyer or seller
John,
I think it’s the fact that the boss of PTSB said that they won’t be paying dividends for another 2 years! 2026!
That’s a dividend policy that investors love…..
GLA
Joeoh,
any chance you might enlighten us on the PTSB dividend policy; They just announced they are resuming dividend payments which can ONLY be interpreted as good news for investors ,seeing a dividend not paid for some time. SP tumbled following results because it's pretax profits fell from 267mill in 22 to 79mill. in 23 - nothing whatsoever to do with payment or non payment of dividends. ffs BIRG announced an increase in profits from 1.1 Bn to 1.9Bn, an increase in Dividend from 21c to 60c and the SP FELL 10% !!! Do you not think that makes BS of your theory of growth and dividends driving the SP.
AIB include in their recent statement that 24 earnings shall be less than 23 - SP rises almost 5% on the day.
Just as there is more than 1 way to skin a cat, more than 1 way for bank/company to grow - increase sales/reduce costs/reduce no of noses in the trough. - first 2 increase earnings ,possibly dividends (other factors in play) and sp. 3 definitely increases sp.
Do you believe that BIRG will roll out the balance of their 1Bn share buy back following release of the H124 results ?
AIB have now indicated a 5Bn buy back programme over coming 3 years.No big deal and bound to happen as this happens to be the equivalent of the market value of the Government current stake in the Bank - give or take a few million. The end result will be c 1.5billion shares which would equate to c.€7.70 per share based on it's current mkt cap, ceteris paribus.
If BIRG roll out the balance of their 10% buy back end result will be c950 mill shares equating to c €10 per.share.
As BIRG and AIB have indicated declining revenues in 24 the catalyst for SP growth will be the share buy backs ,with any appreciating earnings being a bonus.