europe is in bad shape , ireland doing well is not enough to offset this , most irish stocks have performed poorly this year with the exception of ryanair
santander released very good results today ( 54% up this time last year ) yet the stock is down 3% , their may be little movement in bank of ireland until some kind of stimulus arrives from the ECB and that isnt going to happen for months , its still good value under 30 cents however and its a great trading stock at the moment as it cant put two days of large gains back to back
I for one don't think the SP is being held down. The preference shares are at a fixed redemption price so it can't be that. very strong resistance to the selling today….as the market flooded the buyers were waiting. very positive sign . that level of offload should have dropped the share 4%
The statement from Europe wasn't good news. That's the problem. The bit about ireland was the only positive part of what the said and wasn't anything we didn't know already. All the rest is a dower assessment of where the entire European economy is at. France and Italy are in a really poor state and Germany is happy to bob along with minimum growth but unwilling to do anything that would help any of their neighbours. While its not anything as serious as the banking problems it is definitely not good for our progress. Ireland is lucky to trade with the stronger UK and US economies, but the uk especially needs the eu to grow for them to continue their progress. Europe needs to get its act together or it could easily stall the irish economy which is really the news investors took from the eu statement.
I assume there is an ecb press conference on Thursday and yet again all eyes will be on Draghi. He has said many time now how precarious the euro economy is and that he can't fix it without help from governments. Its looking like thoes governments cant (won't) do anything so it all seems to be down to him.
It’s obvious that this sp is, for whatever reason, being “managed”. It is clearly being kept in the 30 to 32 cent price range, most likely to keep it cheap until such time as BKIR issue a dividend, at which point institutions in search of income will buy it and the sp will rise. But they do not want to buy before then as they can in the meantime find a better opportunity cost for their funds. So, just hang in there. We all knew this was a long term investment. I had hoped it would come into its own by 2015. But 2016 is now probably a more realistic time frame. Patience, we will be rewarded within the next 24 months. PatMc
in the past half hour of the day , we may not go anywhere now until eurozone deflation is tackled by the ECB , that wont happen this month anyway as the germans are nowhere near convinced that QE is the solution
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