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Bank Of Ireland Share Chat (BKIR)



Share Price: 0.265Bid: 0.265Ask: 0.2675Change: 0.00 (0.00%)No Movement on Bank Ireland
Spread: 0.0025Spread as %: 0.94%Open: 0.2625High: 0.275Low: 0.26Yesterday’s Close: 0.265


Share Discussion for Bank Of Ireland


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johnmcclean
Posts: 1,125
Observation
Opinion:No Opinion
Price:0.265
the week that was
Today 15:05
i can't decide if that was a good week or a bad week. I suppose it was a could have been worse week. At least we finished with a blue arrow.

DB bond buy back gave us a little boost. It is a little worrying that buying there own unsecured debt was considered a good use of their cash. It shows the pressure they are under and I wouldn't be surprised if the markets continue to pick on them. Fridays event is a bit like giving them a crutch to hide the broken leg they now have. It will give their capital levels a small boost short term but now they have 5 billion less to make a profit on with limited interest in the bond market to lend them replacement capital at good rates. Once the annalists redo their projections and the bond buyers get over their relief at getting their money back, Fridays gains might well disappear for them. It also opens up a problem for other banks. will pressure be put on them in the hope that they will pay back their unsecured debt.

A big part of the problem goes back to the fact that EU rules changed to allow banks to burden share if they get in trouble. The markets have decided that rather than wait for the proverbial to hit the fan they pressurize the banks considered weak into early payment of the riskiest bonds by attacking the share price. The plan worked on friday as far as I can see so whats to stop them doing the exact same thing to other banks. Mario might need widen the type of bonds he buys and the amount fairly quickly because a black hole for QE could easily open up. For sure banks are going to continue using up the QE funds they do get to bolster their own books. Not much chance of it ever seeing the light of the real economy it was meant to stimulate.

That's my reading on things. happy to hear other opinions
 
allmoyne
Posts: 601
Off Topic
Opinion:No Opinion
Price:0.265
springtime
Today 10:58
spring is in the air.

its just a pity the markets have opted out of the traditional horse drawn plough this year and gone for the more modern approach, of a D10 dosser.

good lord, all i can say is , i hope it bids well for good growth.

Go long.GLA
Borninusa123456
Posts: 89
Observation
Opinion:No Opinion
Price:0.265
interesting article on greece
Today 10:03
Only positive note ,Europeans look like getting Christine lagarde in for another term in the iMF which bears weell for weak European countries .ps .....excuse my recent spellings!
aclaw
Posts: 972
Off Topic
Opinion:No Opinion
Price:0.265
ross...fairfax...capital... paulson
Today 01:42
.... a recent article about greek banks.. and investors... ross & ...co..... news is not good... unstable political system will lay waste to every penny invested... a few requirements... a culture of hard work and ethics.... positive gdp... a stable political system..

http://www.cnbc.com/2016/02/10/us-investors-getting-burned-on-greek-bank-bets.html?__source=newsletter%7Ceveningbrief
torquay
Posts: 1,858
Off Topic
Opinion:No Opinion
Price:0.265
Amen to that
Fri 23:15
Would not be putting any money on Ireland you understand because of my severe aversion to risk, but I am quietly confident that just like our little bank, it will come good again.

I have switched off my crystal ball and am refraining from further forecasts for the moment, because they must have been reading them in the City and I think there is enough turmoil going on.

My one hope now is that they have learnt the lesson that short term betting is best done on horses - where investments are made they should be attempting to look beyond the horizon in terms of time and not just as far as the end of the pier.

Good luck all and I will be watching tomorrow whilst I enjoy a glass of the good stuff. GO IRELAND....
Hotdog1
Posts: 698
Off Topic
Opinion:No Opinion
Price:0.265
Davys
Fri 21:55
They are like the angelus .....a ringing bell of no significance . Results will be good but unfortunately the tail wags the dog re economic fundamentals these days. I think .30c is the new glass ceiling for the mo. My exit is .40c be it Monday or 5 years time. Best of luck all and go Ireland tomorrow!!!
aclaw
Posts: 972
Off Topic
Opinion:No Opinion
Price:0.265
RE: davy's
Fri 19:40
... outperform.... i guess Davies may have just discovered the Mediterranean... ...
Borninusa123456
Posts: 89
Off Topic
Opinion:No Opinion
Price:0.2725
Daviys suspect good news
Fri 12:10
Hopefully will be good for this wonderful bank
irish_bob
Posts: 739
Off Topic
Opinion:No Opinion
Price:0.27
RE: davy's
Fri 11:59
normally that would be a fair analysis but name one significant bank in the usa or europe which doesnt have a SP target 50% above current value ?

these are not normal times when it comes to banks and no sector is more susceptible to contagion across borders




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