Finally bkir Europe and bkir are are back in sync. And that's all that happened today. For four and one half months there has been an unexplained premium on are share price. No doubt someone somewhere was making a fortune. As of today we are back on equil terms or thereabouts. ((14.90 ÷ 40) ÷ 1.38) = 0.2699 . therefore we are almost on par again. This is good news as it removes some general uncertainty about the difference between US price and European SP.
Any talk of giving less capitol back after any term! in what ever capacity, it should never happen! I am not debating what it could do to free up capitol, my problem is, as indirect tax on capitol I am totally against the theory and don't think it sould be acceptable in any capacity!
the british are a lot less prone to moaning then us irish and they make do with wellfare levels which are half what either pensioners or those on unemployment benefit live on in ireland , austerity is not a choice , its a result of economic delayed reality which is what we had during bertie aherne years
take it easy - its not falling like a stone - that might be if the sp fell from €0.39 to €0.15 like happened to another investment of mine in Quindell and is currently trying to escape the clutches of professional shorters. Bank of Ireland has just turned the corner & become profitable again. The economy is back on its feet - the housing market is coming back to life, and BOI have a good deal with the GPO in the UK, which should lead to substantial mortgage business.BOI will have no difficulty with the Stress tests per the Central Bank. The SP may go to €0.25 but I will be averaging down, having bought at €0.32.There is no news so I would think it is profit taking and perhaps some concern about negative interest rates being considered at EU level. However this package is not adopted yet.
What many posters here fail to realise is that Ireland is still on life support. The salaries have been cut to shreds and the taxes are among the highest in the EU. After 32.000 k euro, you pay 41 per cent tax plus prsi (another taxe) and the newish Universal tax plus, plus, plus. Added to that is the 2-3k the average family pay every year for private health insurance and you get the idea. Without private health insurance in Ireland you are are bunched. So do the maths. Very few people have money to buy houses 'cash' and the banks are still lending on a very stringent and conservative basis. Irish people believe austerity is good for them and that is why they refuse to protest. Nothing g shocks or bothers them to any great extent. That is why the country will remain in limbo for the next few decades. Even the rather conservative British would not put up with this charade.
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