Its looking likely that in the not to distant future UK interest rates will start to rise as European rates hit 0 or very close to it. As bkir now has a foot in each camp are they in a position to benefit from higher uk rates?
I personally don't believe Wilbur is as determinative as many are suggesting.
The situation now is vastly different than when he bought up all his shares at what 10 c or so.
Granted if he sells it'll drop the price with so many shares becoming available - basic supply/demand will cause the price to drop, but if he sells now, it represents more of an attitude that he sees better opportunities elsewhere - that's fair enough for an investor of his calibre.
It certainly won't be the case that if he sells now, its akin to him selling at 8 c - where clearly he;d be worried about his initial investment capital.
I think the sooner Wilbur transfers his holding to other investors (in hopefully a systematic and staged manner) the better for every one - because I believe his holding is having an over-all effect - but I think its largely psychological.
John mcc wrote " I suspect the next time bkir hits 38c it will be under completely different circumstances" couldn't agree more....what that guise will be is anyone's guise....Richie needs to deliver my old mantra "a spectacular" to see .38c. The elephant in the room though is Wilbur in many ways
sales force.com came in with positive earnings after the bell last evening, albeit a bunch of shorts in the wings this morning. It's an organisation that's constantly updating systems, recognising today's internet/cloud options. That's where BOI comes in. Spent millions on updating online systems. BOI is NOT the same Celtic tiger bank. Surplus staff and branches - dumped. Archaic pension plan - dumped.
I suspect the next time bkir hits 38c it will be under completely different circumstances. The waters will be much less muddy and the price a lot less volatile. If it did dropped 20% again then I think we would all have to reassess this share.
Bob, why didn't you sell when it reached 38? That was my mistake not selling when it was in the high 30s and buying back on the drop. Hindsight is always 20/20 I guess. I wont make that same mistake twice.
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