The government(seller) is on a hiding to nothing here. Will sell above .328 and still have to contend with lazy media pandering to the masses. Media will not give context and will ask the simple populist questions as the share chases up should management take the holding themselves.
citigroup's share price up 3.7% pre market BUT at $47.37 is 72% of BV or 84% of TBV and it made $4bn in the first quarter. If Bkir traded at same level it would suggest euro 14-15 share price. either Citi is cheap or Bkir expensive. Probably a bit of both. Long citi, short Bkir a good trade?
its all very well the gov talking, aib talking....everyone talking. Allow stock borrow and problem sorted. The fact that they don't they cant say they have totally clean hands.....as they are a party to a manipulated situation which they clearly understand
small investors have to take some responsible for their actions. There are still people spending 20, 000 to 50, 000 on aib shares today (unless automated buys that weren't cancled) despite the company's owner telling them that the company worth 2c a share not 12c. Michael Nonan has actually given punters an aib valuation. Even Richie hasn't been that good to his shareholders. Its beyond me why the share price is not heading for 5c at this stage.
anybody looked to see what value NPRF have on AIB. I haven't 9cant be bothered) as the only thing I would do is short it and as you cant do that its a waste of time. It really saddens me that small investors gamble on AIB as it is only worth circa a cent and a half (on a good day). Stock Exchange should bring in a rule that you can only trade AIB if you can prove a net worth of 100 million plus because it will be the small guys who cant afford it who will get burnt. Very sad & wrong. again, because NPRF dont allow stock borrow u cant short it and so its an artificial price. Makes IRE look like the star pupil but its still wrong
what manipulation? markets over shoot on up & downside. He sold after results to a market high on expectation. If they had done any homework it was clear it was comparatively over valued on earnings and asset backed fundamental models and from a technical viewpoint.
i bet if this sp goes anywhere near .32 cents this year I can smell the desperation from here of the NPRF to get in this time before Ross & offload some. they really were asleep at the wheel unless they too are playing the long game with tax payers money. unfortunately, given the lack of expertise in the dail finance sub committee there is nobody able to keep their arses close to the fire so they feel some pain when they get it wrong
Buy,i am not looking at the short term more what the bank can achieve over the next 5-10 years and this price will be history just like the 8c price is now those who researched and had the conviction got there reward.I know it does not guarantee the same returns still a lot to do but thats my perception here..... Good luck to all those invested for however long term ;)
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