It seems to me that everyone on here thinks the SP will rise in time. Not to 40c by April first that seems more like .33 at best. So nearly all the same posts over and over even from myself asking what's happening with the SP why the fall?? And so on. BUT everyone to a man:woman says , oh it's ok stay on board it'll go up , it'll be .80c by year end or 60c or a euro by 2015 . I think we all know by now if we see .40cent by end of year we should be happy. As long as we see growth. Forget the idea of dividend this side if 2020 for obvious reasons the main one is that BOI will not give away 320million of profit anytime soon that took them 5,6,7 years to obtain. But as long as it grows and we all make a few quid it'll be ok right?? It just might take longer than anyone if us thought. Yes the SP may drop to .29 to real market value but like any other business as long as profits are healthy and continual we must see a slow climb.
I know this has been flogged to death at the time so apologies but I read an article some weeks ago and it teased that massive positive news was coming Irelands way but didn't say what it was (do they ever!)
I am sceptical at the best of times and I know many say that it is dead in the water but I don't think it is.
Firstly, IF we are to believe our politicians a commitment was made previously. More importantly it will clear the way for the next phase of dealing with all those insolvent, smaller European banks and that must be a priority for Europe.
Maybe Deutsche and clients are privy to same and got in at a good time ...wink wink….?
Imo .,Stock brokers make money from buying and selling and charging fees. Us Investors make money using the buy and hold method ( which kind of goes against our logic). I bought some Boi at various entry points . At .23 i thought I bought at the top for many weeks and beat myself up. . When I saw it at .39 I felt the feeling of waving a friend off in the departure lounge emigrating without my last good byes said !!!. Now that I see it at .31 again. I feel like I'm getting another chance to say goodbye to Boi at .31 cent. ...,,, time to back up the truck before its next departure .,,,will .23 cent ever be seen again I ask ? Will .31 cent ??? I HOPE not and honestly think not !!!
I don't have any more knowledge than anyone else here and I certainly don't have a huge amount of my money in BoI shares. I do listen to what the main people of influence involved have to say and I read as much as possible about the companies I am interested in.
The problem a lot of us here have with boi is that we still see the company as it was duering the good times and we still see a share price of €18. We need to complete forget that because as we now know to our cost, it was never worth that to start with.
We need to look at boi today and try and analysis it like any other stock you might be interested in. As a starting point, the fund managers that paid 33c for 2billion shares this week are paid a small fortune not to screw up. So with their education and knowledge valuing boi at 33c today who am I to argue.
So the question is will boi improve its business and increase its profits from here. To mind mind the answer has to be an absolute yes. There is legacy debt but billions left aside to cover most of that and as housing demand and prices rise so the legacy debt shrinks.
Add in the other positives. Cost cut to the quick, staff numbers reduced, the vast numbers now banking without expensive human contact, an open goal as regards competition, an improving economy, the possibility of restoring a dividen and the new investors that that opens up, proven strong management, profitable margins on millions of transactions per day, improved margins on all loans ect.
To be honest radar they are in a position to screw a hell of a lot of money out of us and every customer for years to come. Its a business that will generate plenty of cash and is that not what we all look for in our stock picks. So from my observations I think the future will be bumpy untill normalized but with steady progress that I hope to benefit from over time.
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