John, although all the ducks are lined up no one seems to want to have a go on this fairground attraction. We need to get out their more, shout from the rooftops that we are worth investing in. All I hear is a slight positive whisper from the powers that be that mostly states how we are not as bad as aib. That's not how you promote a business you shout we are frigging awesome come and invest in us, look at our business prospects, future plans and the money we have made since we turned everything around. Come on bkir get shooting!
What a difference a week makes. This time last week it was all doom and gloom and we were been told 24c was on the horizon. Today the sun is out and 40c is just down the road. Admittedly I'm on the bull side but maybe a little more cautious than some. While the ducks are lining up nicely here there have been a few false dawn already so I am happy to watch progress in anticipation of a happy Christmas.
On the upgrade I think it was expected so the news itself wouldn't be a game changer. However what it does do is open boi up to alot more potential investor funds. Traded volumes have been quite low for the last while which left the share price volatile but hopefully that is about to change. It is quite possible that a bit of momentum could build up behind the stock now and finally break that stubborn 33c barrier. If it does, well .... na, let's just take it as it comes.
London, 18 November 2014 -- Moody's Investors Service has today upgraded Bank of Ireland's senior debt ratings to Ba1 from Ba3 and deposit ratings to Baa3 from Ba2. The upgrade followed the raising of the bank's baseline credit assessment (BCA) to ba2 from b1 (the BCA has been upwardly revised, and is now aligned with the standalone bank financial strength rating (BFSR) which was upgraded to D from E+). The short-term debt ratings have been affirmed at Not Prime while the short-term deposit ratings have been upgraded to Prime-3 from Not Prime.
this just released today...this has been in the news lately...& here....
the 500b shares issued July 2011 have been kept as a block by the national pension reserve fund, the other block of 23b shares has been used to pay the preferred dividend of 280mm in july. ..Of the 23b shares, 1 billion is free floating in the market - traded while the other 22b are locked in the NPRFC. Of those 1b shares free floating shares in the market, AIB appears to have an ownerhip interest. There is likely a mixed ownership of the 1b shares. the financial reports for the "shares section" is a well kept secret, it is extremely vague as to be meaningless. What i can gather from the activity is that the 500b block appears to be a separate from the 23b block. AIB has not touched the 500b block which is interesting. AIB could have touched the 500b block to pay the dividend, but chose to issue new shares. They appear to function as 2 separate blocks... > my theory on the 500b block issued in july 2011, was that it was issued to dilute the outstanding stock in 2011, bring the price down to the penny level, and force all stockholders to sell. This is how AIB was able to repurchase the 23b block of shares. > My other theory about leaving the 0.002% shares free floating out in the market was to allow AIB symbol to continue to exist & trade. Had the 0.002 not been left free floating in the market,....AIB as a stock symbol would not exist. > ...My other theory is that It AIB already has some ownership in this 0.002%.... This block of 23b shares are part of the pension funds. AIB has to watch out for the pension fund & limit losses to employees...watch out for extreme dilution... AIB continúes to mention the price of 2 pennys per share, but if they force it down to this level, they will damage their own stock..and the dilute the pension fund. What AIB needs to do is get rid of the 500b block. It serves no purpose.. > > http://archive.fast-edgar.com//20141118/AP22H22CZ22W79Z222282ZDZLAI9PZO2D262/
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