There will always be a few retraces at this level but BOI will publish good results on 03 March because otherwise the trend would be more negative not positive. Those who are number crunching are also in the telling mood so if there was trouble ahead ...'cela se saurait' as we say in French (we would know about it already)
Irrespective of the amount of shares out there and the possibility of a reverse split in the months ahead, BOI is the biggest and strongest PRIVATE back in the State...it is in fact the ONLY private bank in Ireland and this will be the case for the next 5-10 years. PTSB will probably become a private entity before AIB in fact.
What will ultimately drive this SP upwards post 50 cents over the next 12/15 months in my opinion, provided as I said previously that the stress test analysis to be released in November is not too negative and I cannot see how they could be, is the massive potential in this this bank and that counts for a lot.
Virtually no other private banking competitors, an Irish Institution (Irish people are staunchly loyal for some insane reason to the 'Irish' banking sector) and the possibility of a dividend in the next year or two. This is what will propel the SP.
As I have said 45 cent or slightly more by the end of the year. or early 2015... maybe even 50
very interesting, these guys are really casting their net far and wide. I bought these shares at the same time as BIR in Q4 2012 to park some US dollars and to be in BOI via a proxy (they were part of Wilbur's merry men), they have gone up by 60% since then and they pay a regular as clockwork 7c dividend every quarter to keep everybody happy. They are buying up a lot of commercial property and flat complexes in Dublin.
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