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Bank Of Ireland Share Chat (BKIR)



Share Price: 0.311Bid: 0.31Ask: 0.311Change: 0.00 (0.00%)No Movement on Bank Ireland
Spread: 0.001Spread as %: 0.32%Open: 0.311High: 0.322Low: 0.31Yesterday’s Close: 0.311


Share Discussion for Bank Ireland (BKIR)


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johnmcclean
Posts: 474
Observation
Opinion:No Opinion
Price:0.29
View Thread (3)
RE: The Post Office – Correct..
21 Aug '14
Another thing just occurred to me Pat. Thats 17 bil stg which is in the region of 21 billion euros . We get the Uk post office network and the Uk gets the Ulster bank network. Hardly seem fair.
 
johnmcclean
Posts: 474
Observation
Opinion:No Opinion
Price:0.29
View Thread (3)
RE: The Post Office – Correct..
21 Aug '14
Jeasus Pat I admire your dedication to duty here. Was no one suspicious at all when you asked where the 17 billion of savings was deposited?

Anyway thats a good result. Its a return of 13.5billion positive capitol for the bank.
PatMcG
Posts: 143
Off Topic
Opinion:No Opinion
Price:0.29
View Thread (3)
The Post Office – Correction!
21 Aug '14
I must correct myself. Johnmcclean, you are absolutely right. The £17 billion in deposits are all BoI deposits. I was down at my local branch today and learned that the UK government NS&I accounts are no longer handled through the Post Office. All Post Office accounts, savings, deposit and ISAs accounts are now deposited with Bank of Ireland (UK). That’s good news indeed.
PatMc
radar
Posts: 2,036
Off Topic
Opinion:No Opinion
Price:0.29
Nuts
21 Aug '14
None of them, I'd call the Poe faced hard as steel Norwegians and cojole them into taking it.

Otherwise I'd give some of it to 2cv because I feel sorry for him driving around in an upside down pram. He badly needs a new craft.
johnmcclean
Posts: 474
Answer
Opinion:No Opinion
Price:0.29
View Thread (10)
RE: If you had to choose...
21 Aug '14
Doughnuts, I was just wondering if a post on economics would be off topic here but seeing as you have asked a question it would be rude not to answer. First let me say that reading about economic stuff is totally a hobby and my very short and fraught flirt with education ended the second my leaving cert was over. Its only later in life I regretted it and while my kids are free to live life as they see fit they must all do it with a degree.

Anyway, my uneducated answer to your question is Rep of Ireland. Amazingly enough the reason I say that is because
I think what got us into the mess we are in has the potential to get us out of it in the medium term. Property. After 8 years of zero construction ireland now needs houses. Sure, there are empty houses in plenty of towns around the country but not where their needed. We are about to join the rest of the developed world in becoming an urban centered country. It was happening slowly before the crash but its now a rush to the cities. Housings is in ridiculously short supply in dublin and the other main centres are not far behind. Ignore thoes who say there is no bubble in dublin, there dam well is.

I see recent estimates that we need anything from 25, 000 to 35, 000 houses per year for the next 10 years to fill demand. With the employment (mainly from the dole lines) generated and the 47% revenue the government get per unit its a good starting point to repay that debt. Add in an almost totally export generating economy and the mass of FDI (regardless of tax status) and the future is bright.

Why not the UK? They have done extremely well since the crash and managed their economy very well. Indeed Ireland is benefiting there through our exports. However, they are heading into the unknown by talking of leaving the eurozone. Who knows what will happen but it could be a choppy 10 years if they do. Absolutely, leaving may turn out for the best but I'd rather not bet my cash on it.

The US. a mountin of debt that needs repaying already. The financial management by the fed to make that mountain dissappear will be interesting. The obvious way is to inflate their way out of it but what if despite after all the qe and 0 interest rates they can't , what happens then. The new buzz phrase appearing in economic publications these days is "secular stagnation" . Its not easy to explain but basically the fear is that the US and also Europe has reached an age profile that is more interested in saving than spending. So no matter what dollars the US print and push into the economy it won't matter. There isn't the demand to take it and productivity use it to generate growth. What happens in stead is older people take it and save it. Interest rates are so low they raise their risk profile and look at bonds and shares. That flood of money drives irish borrowing rates to 2% and US stock markets to new heights as is evident by the historic length of the present bull run. No good for the long
Doughnuts
Posts: 716
Off Topic
Opinion:No Opinion
Price:0.29
View Thread (10)
If you had to choose...
21 Aug '14
to lend your money for 10 years to
A: the USA
B: the UK
C: The Republic of Ireland

to whom would you lend it at the cheapest rate?

And the winner is:
http://www.irishtimes.com/business/economy/irish-10-year-bond-yields-hit-another-record-low-1.1903890

Something wrong with this picture.
Doughnuts
Posts: 716
Off Topic
Opinion:No Opinion
Price:0.29
View Thread (2)
RE: so?
21 Aug '14
John , I had you slated as a good macroeconomist but fair play for the ode to "no place of regret". May it be so indeed.

Totally agree on the 50 business, I hit it next March with Ramerci's 69th. Ramerci, I'll blow a few candles out for you too.

Great crew around here, I'll bet there's a bunch of musicians too...
Senator1
Posts: 274
Off Topic
Opinion:No Opinion
Price:0.29
Bulls winning
21 Aug '14
bulls and greed live above the 200, bears and fear below. Technically Bkir is looking good and I also think that Bkir will release reserves in 2H with more recovery in Ireland and european stress tests behind them. I think the smart money will start betting on this if .281 holds this week & is viewed as support. I think it will. What do I know though, i certainly can't write poetry, sadly.
Hotdog1
Posts: 351
Off Topic
Opinion:No Opinion
Price:0.28
Richie
21 Aug '14
Hey Richie, as per D-N get well soon....... Maybe you might even make a surprise appearance for a well deserved pint at our .40c bash. Don't worry, a back room will be organised for our resident poetry reciters namely radar and that air cooled flat twin head, 2cv.
Doughnuts
Posts: 716
Off Topic
Opinion:No Opinion
Price:0.28
I hope Richie's colon
21 Aug '14
is recovering after his planned early August surgery. He's supposed to be back on deck by September.
Might be sitting up in bed in the private hospital in St. Vincents surfing our blog on his iPad.
If you're reading Richie, all the best for a rapid recovery !
(and don't take the tight-lips thing seriously).

In the meantime looks like 0.28 is the new 0.26.



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