... IRLBF. . is not an ADR ... it is sold in Ireland... the only difference between bkir is the currency is the USD ... for those who own IRE. ... no need to sell for another full year until april 2016 ... hold on to the stock .. there will be 2 full year. positive earnings reported before end of april 2016) - 2014 & 2015. results .. aib should. report earnings soon after. boi
we dont have a lot of history to look at for boi that's relevant. if we use the HY results last august as a guide it might give an idea of what to expect. the share price only started to move up 10 days pre results. it gained 15% (24c to 27c) in the ten days but fell back a little on the news and profit taking. for the next 4 weeks it was more or less a constant climb to the mid thirties. from the starting point of 24c it gained over 33% in 6 weeks before falling back. since summer 27c seems to have been the big support.
so if this little bit of history is any use as a guide we should hit 31..32c by the 27th. a short blip as profits are banked but then on to 35..36c by the end of march. by summer we could have 30c ( hopefully 32c) as the new support line. no real reason why this will come to pass but we will see soon enough. I'm sure Greece will matter but so also should the effects of QE. we are due a big jump here anyway so mid thirties should be on the way.
boi have 1.3 billion of preference shares to redeem. they can't pay a dividend before that is done. management have consistently said that the shares will be redeemed in the first half of 2016. It would be almost impossible for them to restore the dividend before 2017 and indeed any sooner could be detrimental to the banks prospects. the brokers and the bank will be at one on this. It should be the last piece in the banks return to normalization.
id be amazed if we got past .33 between now and earnings , i also doubt .285 is now support , be happy if .275 was as i bought a good bit more @ .271 last week , have a sell booked @ .329 in the short term
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