i imagine you despise anything close to a brown nose senator but all i can say is i take my hat off to you when it comes to your read of this stock , its been incredibly accurate considering its been a very volatile six month period for the share price
i think if the scottish NO vote puts us across 33 cents tomorrow , there is nothing bar a geo political issue event stopping it from heading past 35 cents in the next three weeks
I think market will love govie selling out as for the most part it hates sovereign involvement in private companies. I don't think we would see the Ross type pullback there is just too much visibility with bkir now. Anyway, Im pretty sure he wont sell just yet. The revised growth rates are amazing and they are not yet in this share price, a retest of the 0.39 high has a high probability, I think
i think 40 cents looks very achievable today , share price is up more than 35% in less than seven weeks however , i see a retest of .295 at some stage , stock might very well got to 38 cents first however and if it does its likely to be between now and stress tests , scottish NO vote might well give a major bump to uk stocks and bkir might hitch a ride
Its beginning to mater less and less when he sells now. There will be plenty of takers for his shares so it won't affect price that much. Its surprise that scares markets, like when Ross offloaded but noonan selling will be no revelation.
He's under no pressure either way himself. 4.5% growh this year will be matched and surpassed next year. Like us investors here, he knows boi's future is tied to the national economy. There's a real possibility now we could be close to 50c possibly higher this time next year. His 1.5billion could double before the election and if he sells to early he won't want Shane Ross et al pointing that out to him duering the election campaign (which I think will be next year and not 2016). He could of course sell in instalments over the next year and even out his risk a bit. Noonan has played a blinder so far and I can't see him doing anything to tarnish a perfect term as finance minister.
I don't think the tests are a problem at all. If they were that 1.6 billion deferred tax would be much more of an issue. I just think lending is slow at the minute. Boi have adds on day and night offering loans. Demand for loans will change slowly as confidence grows. I see it every day. While 4.5% growth in ireland this year is a big surprise the fact that things are moving in the economy is there to be seen every day now.
With the increase in tax revenue from these latest figures, does this take the pressure off Noonan to realise the state's stake in BOI, or would he sell sooner so he could have a nice pot for a giveaway budget next year? Any opinions after this news?
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