QE is far from a certainty. Anybody who has even the slights grasp of basic economics, knows that printing money is a last resort. The USA's shoot first think later attitude will (in the long run) come back and bite them in the ass. Everybody knows this but nobody wants to face up to it. What is happening is they are setting themselves (and the rest of us) up for an even bigger Financial Crash. The next one Ladies & Gentlemen will be the last......
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.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.