...i have seen this before, a large drop and then a recovery...no news out at all... checked SEC filings, nothing.. very slow trade volume - bank holiday ? the bank has real shares in this..the 500b + 23b...the 23b are owned by the bank, by employees, by bank officers...the 500b - a big question, no private ownership.. i would bet, the 23b shares are very important...the .002% is minor...some type of price stability will be important for the 23b shares...
I think it will be slightly better than expected, mainly due to the slow filtration into the domestic economy hitting later in the year. as for the AIB, was talking to a broker in London who valued them at 1c during the week. I didn;t ask him for BoI - there is only so much London swipes I can bare.
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