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Bank Of Ireland Share Chat (BKIR)



Share Price: 0.34Bid: 0.34Ask: 0.3425Change: 0.005 (+1.49%)Riser - Bank Ireland
Spread: 0.0025Spread as %: 0.74%Open: 0.3375High: 0.3425Low: 0.3375Yesterday’s Close: 0.335


Share Discussion for Bank Ireland (BKIR)


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aclaw
Posts: 665
Off Topic
Opinion:No Opinion
Price:0.34
P/E
Sun 02:11
... when does p/e valuation kick in? still showing old p/e valuations of 85x in the stock sites.. ?
 
aclaw
Posts: 665
Off Topic
Opinion:No Opinion
Price:0.34
dividends
Sun 01:26
.. batfink - thanks i will keep reading ..
Batfink666
Posts: 110
Off Topic
Opinion:No Opinion
Price:0.34
aclaw
Sat 20:27
Page 11 - dividends likely 2nd half 2016
aclaw
Posts: 665
Off Topic
Opinion:No Opinion
Price:0.34
.. aib results
Sat 19:37
... these are due on march 5 , next week..
aclaw
Posts: 665
Off Topic
Opinion:No Opinion
Price:0.34
.. dividends
Sat 19:35
.. no mention of dividends.. seems like they want to get rid of the preferred dididents which cost 133m€ before mention of dividends. . from what i have seen so far , there may still be some writebacks but boi was very conservative and did not want to dump all of these 1 time events in 2014.. save some for later.. they have been very conservative in this financial report.. they can err on being conservative.. they can very likely produce similar results , if not slightly better for 2015... boi has momentum.. will continue to look at financials in more detail. i started eeading the 100+ page report yesterday but not finished.. there is an interesting comparative income report comparing years 2011 to 2014 here as well as NIM which has almost doubled..
Roxbury
Posts: 33
Off Topic
Opinion:No Opinion
Price:0.34
Preference Shares and Dividends
Sat 18:26
There is also €1bn 10% Contingent Convertible Capital Tier 2 Notes due July 30, 2016. These can be replaced with Tier 2 notes today at c 4%. So another €60m recurring savings ...
johnmcclean
Posts: 795
Observation
Opinion:No Opinion
Price:0.34
re. preferably share and dividend
Sat 16:27
Don't forget that there a few once offs running out on the positive side as well. 133 million pre share dividend and 30 million ELG in the next year or 2. Also I would expect the bank to benefit from cheaper funding and qe to some extent.
Roxbury
Posts: 33
Off Topic
Opinion:No Opinion
Price:0.34
Preference Shares and Dividends
Sat 15:00
Fair comment. But they can do more on the cost side to mitigate the one-offs. BKIR targeted a cost to income ratio of <50% by end 2014 but only achieved 55%. They say they are ‘on track’ to deliver, if so it would add c €150m on €3bn of revenue, but it will be tough in the current regulatory environment.
Relative value is still not great. BKIR remains expensive even after these results: Lloyds also posted results this week: 2014 CET1 12.8% (BKIR: 9.3%) and P/TNAV 1.4x (BKIR: 1.6x). Lloyds is now paying dividends and forecast to yield 6% in 2016 (BKIR 4.3% with a strong tailwind). UBS 2014 CET1 of 13.4%; P/TNAV 1.3x and 4.8% div yield today.
Senator1
Posts: 338
Off Topic
Opinion:No Opinion
Price:0.34
View Thread (2)
RE: Preference Shares and Dividends
Sat 13:02
I agree with these numbers except I think you might be light on the RWAs, only growing 6%. Because of the substantial 2/3/4 year "one-offs" in the e1bn in 2014, Bkir need to substantially grow the business to maintain and grow e1bn. So, if we grow RWas say 25% to 65bn we get 10.5%. 2014 showed us that the underlying real recurring at moment is only e450MM approx so they must grow so that they can replace the multi-year one offs as they don't want a big drop when the right backs and liquidity re-balancing ends. However, if securitisation returns maybe they can ramp up origination of loans but not necessarily hold them all so they control the growth in RWAs. Your analysis highlights the challenge for Bank of Ireland, profitable growth with controlled RWA expansion. The securitisation/covered bond market in Europe needs to be there to support this strategy. In line with Goldman conference last week where they are strong advocates of a deeper European capital market to support growth. This analysis shows why it is so important.
radar
Posts: 2,169
Off Topic
Opinion:No Opinion
Price:0.34
Freedom from Thought
Sat 12:37
During pints in dingy bars
Where the greatest poets they sparred
With thoughts of grandeur that left them to write
The greatest poetry that comes to sight.

Paint that's faded on the wall
Drunks that are blighted by a cause
Of freedom from their earthly thoughts
That haunted the ones who gave them life
To live through a sea of unending strife.

Keoghs Mc Daids I drank them all
Walked the steps of generations past
Carried tradition to the last
Write these lines consumed by fuel
That is not the wise mans tool.

Tortured by tradition strong
Did not do no mortal wrong
Cursed by generations past
Using drink to create a fast and timely way
To pass the troubles of the day
Will exit strife the easy way.

We cannot blame the folks of old
When the brutal truth is told
For choices that we make in life
That will lead to extra strife
When freedom it is thrown away
Then we choose to stray.

So do not be fooled by short relief
From the pain of daily grief
Stand up and face your daily woe
Then good fortune you will sow
For the next folks that will row
The boat that floats on life's highs and lows.

Is this correct ?

Dedicated to those that sleep in doorways on Grafton Street, The Strand and like places, cannot read or write, addicted to things that are not good and never had a chance and who look at is we pass by in a hurry and turn our heads the other way for fear they might catch our eye.

Radar





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