With qe a near certainty to be announced next Thursday the share price hasn't budged. This is probably explained by the fact that market were already expecting action. A boost next week is going to depend on the extent of bond buying. If Draghi sticks to expanding the ecb balance sheet to 3 trillion I don't think markets will react too much. If he leaves the amount open ended and uses the "what ever it take" line again (which I think he may well do) that will get thing moving. Now that the court preliminary ruling is not a hindrence he needs that wow factor to make up for 2 years of procrastination. There not much much interest rate to cut at this stage but as a mark of intent he may go all the way to zero on that as well.
...AIB has been buying their own stock..that 0.002%. privately owned...Noonan used the scarw tactics to get the small investors to unload making them believe it would go down to .02€ per share, which it did not...at the moment..AIB would own 99.9% of AIB. there is so little stock left out there that it would not be sufficient for a large shareholder to purchase a block of stock..2nd...eliminating the stock symbol would be difficult to replace..another entity would grab that symbol if left alone...3rd...all shares of AIB have been left to the supervision of ISIF - part of ntma...the finance ministry is giving 100% attention to the capital structure..some decision will comw about...its not that complicated to resolve..AIB would not even have to go through a reverse stock split..all they would have to do is get rid of the 500b block of shares and they would have the other 23b shares left...a lot simpler than a reverse stock split......4th...the reverse stock split could be done on the 23b block..a 1:2 which would leave 12.5b shares..this would place the value of AIB at ~. 1.00€ per share...not too complicated a transaction...5th the key to recovery would be to obtain 2€ for each share of the 12.5b shares...or simply not do a reverse stock split and price each of the 23b shares at 1.00€...if Spain was able to recover the money plowed into Bankia..Ireland should also have good results..
From what I remember they are not actually a full member of the iseq but have some kind of B listing. However because so many people have (had) shares in them they continue to show up on the main exchange table. The reason they have a tiny listing at all was 2 fold at the time I think. 1...easier to re float and 2. To be able to gage the rough value of the company. The latter didn't exactly work out. The first remain to be seen.
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