Who is up to speed and can share on Core Tier 1 for Boi, absent the pref shares presently held by Irish government. To determine approx amount reqd in a rights offer, private placement or debt issuance. (Suspect somewhat less than 1.8bn. Gla. The little share held up well today both sides Atlantic.
On the very night of the bank guarantee, 5 years later I am heading to noddy land. So why is there a distant, almost inaudible, whisper deep in the bowels of that sponge box of mine saying "remember me bud? this is the Big One! "
I am interested to hear that you would not participate in any RIs. I assume no one wants it and their are obvious constraints for all investors i.e. available cash but out of interest, when you say that you will not partake in the next RI - I am assuming you are currently long bkir - are you?
Do you mean that you will;
(a) Sell long position before RIs announced (which could be anytime) and possibly buy back later?
(b) Hold BKIR and not execute your rights for additional shares (in effect, becoming out of the money on a mark to market basis)
Just to say hi, enjoyed your positive informative postings, here on BKIR, sorry i dont post too often embarressed about my spelling. Good on numbers However. Do have a query on PCI do they have 161 million cash in the bank or am mixed up with FLOG, i know what your broker or others say this share in excess off 3.00 for the future. Do you believe this. Anyway you you made 2K in 3 weeks, it took me 2years to make 100+ % in BKIR and invested in Clontrarf 3K as a gamble, any views on this share would be welcome, as i am sure you researched this one. Note can write it off with C.G.Tax.Whilst i am at it Petroneft resources?. Donot get me wrong BKIR was my first share , and beginners luck. Hope all goes well with PCI for you. On this note kept half of BKIR shares, knowing the numbers will add up long term, and advised too do so by someone on this posting site, Thanks bcm123. Best of luck
Hi all. Hope you are all doing OK given the negative vibes coming from the press of late. Noticed a few significant sized trades on Irish stock exchange for BKIR, one of 72 million shares. Also a 20 million deal and a few others. I still feel that this is a good share to have in the portfolio. I may buy back in once the 1.8 billion dollar question has been addressed. I'm still in PCI in a big way, but I don't feel the need to check the share price every five minutes so that is a good thing. I hope you guys do well out of BKIR. I know today was tough going and judging by the NASDAQ closing price tomorrow will also be tough. But this share bounces up and down so it will probably be back up in a few weeks if all goes well.
"loop needs to be broken by legacy debt stock write-offs and/or disposable income increase/stimulation."
Agreed, However who will be forced into making up capital shortfall of Bkir and other peripheral banks to try and avoid massive dillution as EU has no intention of using fund to re-cap legacy debt with thease banks, you and me along with the rest of current shareholders or face massive dilution yet again, I for one will not partake for a third Bkir rights Issue this time.
This is the flip side of the other article: banks are focusing much more on quality of the new loan book, so lending less because there are fewer quality borrowers around. Borrowers are not taking out new loans because they are focused on using paltry disposable income to pay off legacy debt stock as best they can. Net effect = retrenchment, baton down the hatches. As mentioned, loop needs to be broken by legacy debt stock write-offs and/or disposable income increase/stimulation.
You can flog a dead horse, but it won't pay back the loan.
Another article today points to the highest level of consumer confidence for years: this is positive, though purely a psychological measure, and usually is about 6-12 months ahead of real economic indicators.
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