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Bank Of Ireland Share Chat (BKIR)

BKIR Share Chat - RSS Feed

Share Price: 0.26Bid: 0.26Ask: 0.2625Change: 0.00 (0.00%)No Movement on Bank Ireland
Spread: 0.0025Spread as %: 0.96%Open: 0.25High: 0.27Low: 0.245Yesterday’s Close: 0.26


Share Discussion for Bank Of Ireland


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torquay
Posts: 1,857
Off Topic
Opinion:No Opinion
Price:0.28
So Radar is hibernating
Mon 00:25
and Mr Mc presents some valuable points for our consideration which only reinforce my sentiments - we have 80MPH winds promised tonight - living about 150 yards from the seafront I just hope that I am still in my bed when I wake up in the morning.

As I forecast some time ago, the markets would be subdued for the next while, waiting for someone to turn on the light at the end of the tunnel. The promised living wage, oil prices falling, has to put some life into all economies, provided that the employers can afford to pay what some would say are proper wages.

Unfortunately most of our financials believe that the way to larger profits is to slash and burn, which can be justified sometimes in response to world events, but every time that they respond in this way to competition that very often they have created, they are deliberately making the poor old horse (the economy) lame by shrinking the very thing that we all depend on.

Financial services and particularly factored finance to business, is very rarely beneficial for long term employment and creating lasting and worthwhile employment in the economy.

So far as the tie up between BOI and The Post Office is concerned, I would wait a while before I got excited about the arrangement. Our Post Office, since the sell off, has been reduced locally to the level of your average country store.

It is not all gloom however - spring is coming - when the jet stream shifts finally we will ALL feel better because the monsoon that we have enjoyed for the last weeks will be over.

Good luck all.
 
DeathOfRats
Posts: 611
Off Topic
Opinion:No Opinion
Price:0.28
Radar
Sun 20:31
Agree with you totally Radar.
This stock is a long term hold for small investors. So we should hold onto it, and not panic sell when it takes a dip. Now is not the time to sell anything imo.
GL all.
Borninusa123456
Posts: 85
Observation
Opinion:No Opinion
Price:0.28
true only a 10% is a compliment
Sun 16:29
In today's climate .time will tell
cooking
Posts: 385
Observation
Opinion:No Opinion
Price:0.28
cantor fitz
Sun 16:08
10%reduction is a compliment in the current market
Lending is reduced but so are the number of lenders. The reduction in ftb is replaced by refinancers movers etc,but you are probably right
Borninusa123456
Posts: 85
Observation
Opinion:No Opinion
Price:0.28
intersting read john
Sun 15:59
Some excellent points .we may wait and see
johnmcclean
Posts: 1,119
Observation
Opinion:No Opinion
Price:0.28
PS
Sun 14:24
Anyone notice that Cantor Fiz reduced their Bkir price target from 43c to 38c for 2016?
johnmcclean
Posts: 1,119
Observation
Opinion:No Opinion
Price:0.28
RE: Dividends on way for 2nd half
Sun 14:22
unless Richie has told you that first hand it's still not a certainty.

I think the bank themselves will be disappointed with some of the figures they are seeing from Q4. To make money they need to lend money. they are NOT going to be lending enough in my opinion. It's not their fault. they have the cash for sure but there are simply not enough customers borrowing. It comes down to various reasons but 2 main ones. CB lending rules and not enough houses on sale. I posted the planning applications numbers a while ago so it will be 2017 before house numbers for sale start to change even a little. It will be the same length of time before the effects of the CB rules start to level out. Even then lending here will be a fraction of normal lending rates. I think we are now at a numbers not far off those seen in the 70's. poor lending has the knock on effect of a stagnant NIM. The less they lend at the higher 3.5..4% rate the less chance of diluting the number of cheaper tracker loans they carry.

So as i mentioned before it comes down to the UK. lending numbers from there have been good overall and hopefully BoI will pick up a nice %. Non mortgage personl lending was good so you would have to think that the Post Office network would benefit from that. Now for the but, BUT the exchange rate has turned just at the wrong time and is going to take the shine of the UK numbers. Worse, from a dividend point of view this Britex thing will leave the bank management unsure where the rate is heading and leave them unable to promise a 2016 dividend on the back of good UK figures.

The poor performance of the pension we saw in the last interim statement will have healed itself a bit and won't be such a drag on CET1 ratios at year end.. It remains a problem though with the result that the ratio will need to be pushed higher to safeguard against any future deterioration. 13% plus looks likely which will further divert earnings away from a dividend.

Last and by know means least. Have we learned anything from the recent past? In very uncertain times is it wise to promise a dividend when the worlds economic path is facing uncertainty. We may be the poster boys of Europe (again) and heading into an election when the government is promising all sorts of tax cuts and good times (again) but surely the wise thing is to hold what they have for a few months more rather than make a promise they may regret.

Up until November i was 70..30 for a dividend in 2016. Now I'm 70..30 not expecting one. Very happy to be proved wrong though and if anyone cares to argue the case for one please feel free.
Mr.Hopeful
Posts: 9
Off Topic
Opinion:No Opinion
Price:0.28
RE: Hello
Sun 11:50
Radar,

I didn't take your advice about the Bookies shop on Barrack St.

I'm very new to this but agree with your comments, long term the share will give a good return.

You said you have a price for 2022, that not far off when my son could be starting in UCC and I'm investing in case its anywhere else.

What is your share price for then. Applying very basic math it will at least double by that time?

Go easy on the replies lads I'm only starting.
chasrutledge
Posts: 333
Off Topic
Opinion:No Opinion
Price:0.28
RE: Hello
Sun 08:48
Well said radar!
Charlie87
Posts: 51
Off Topic
Opinion:No Opinion
Price:0.28
Upgrade
Sat 21:23
http://www.irishtimes.com/business/rating-agency-fitch-upgrades-ireland-from-a-to-a-1.2524570

More positive news.

Last time Fitch upgraded was August 2014, which had little no impact on share price.

Will have to wait and see what Monday has in store.




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