Thanks for the good news bob ....no point in sugar coating the reality.....it's dropping like a stone....Yeap I see low 20s. Aib now sub .10c. My hunch is the day traders are ruling the markets through the dark pools
It is a matter of perspective. It might appear to be a disaster to you and me who have been invested here for the past four months with our current price 30%+ below what we paid; but to those seeking a possible buy-in opportunity then this share might be a very lucrative share indeed. I understand your pain. I am currently down just over 22%. But I am patient. I expect to be back up with a bit of profit by year end. Why? The bank is in profit again. It is lending again to non-tracker property investors. It has a good management team. Things appear to be improving in Ireland. Bank of Ireland is one of the three major banks still operating in Ireland and it is developing a solid business in the English Post Office network. Long term (longer than six months anyway) this bank has the credentials to take advantage of market improvements in Ireland and England. BKIR could be paying dividends by as early as 2015 (though 2016 is a more realistic prospect). Yes, the share appears to be going through a bearish period. But look, for fourteen months prior to this lull, the share was rising. No share goes up all the time. But a business that can survive recession and keep going has a good prospect of repeating its hugely profitable performance pre-recession and therefore has a huge potential for gain for its shareholders.
Yeap CJ its a FKIR all right. I remember i got in at .22c and it went to.12c for a while...... Im wondering has Richie lost that mo jo effect. There has been no positive info from the bank for a while, everything is just flat. I dont have info to the volume of trades .....anyone care to comment. Traderbob and senator were right re their forecasts
Ideally it should be the same after exchange rate and a block multiplier of 40 units is taken into account. I agree that it has overcorrected in the states but this should fix itself over the coming days.
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