If Theresa May carries on this is heading for single digits . No point in selling in my opinion if you don't have to . Brexit really is a quiet revolution to rid England of unwanted foreigners by under privileged white British (can't blame them) and as a democrat i respect the decision but I think the terms of Brexit should have a parliament vote to make the revolution as painless economically as possible .best of luck to one and all!
the long term potential of bank of irealand was as clear two years ago as it is today yet here were @ 17 cents , brexit has changed everything , at least for the short to medium term , i doubt we are above 20 cent in six months time
i got out again below 20 cents a month ago , i honestly think this stock is a short right now , i dont short myself but the trend is down
It's pretty scary that Trump is in there with a chance but i put it down to capitalism gone mad. If governments continue with the ideology of privatizing gains and socializing loses you are going to have a Marie Antoinette moment.
..good post.. yes.. there remains a lot of negative news regarding brexit , but on the other side it offers diversification (25%) for boi, aib, a goood client base, stability, the post office, growth in mortgage business, the insurance sector which generates good returns, regardless of brexit there are positives and should not be used as an excuse to penny dive this stock..
One thing we do know is there is nothing we can do about Blackrock (if it is them) selling off some/all their exposure in Bkir. What we do know is that value exists at the current level in the Bkir SP. The ratios put out there by bucklerfern are not out of court, indeed they look to me to be very much in court. Add a bit of dividend as spice and you are going to be cooking. Management plays a role in what goes on from here on but I don't see a problem there...maybe a bit more aggression would be good. The SP has touched and come off 16.00-16.25 three times (check me on that) since we have had this sell off. By all measurements this is extreme value....maybe the Blackrocks of the world can't stomach taking the pain at this give away price....maybe this is the low of the bargain on offer!! My feel is that you have to be 85% invested in this share, in whatever amount you are going to allocate to your portfolio now, at the levels we have seen in the past few weeks ie 17.00-18.50. If you have a bit of history, average it down now. The remaining 15% you put a hair trigger on. Maybe these funds try and get cute in their final sales and bully the market (this is usual and typical to make themselves feel good for a day or two), maybe the general market blows cold a bit more. It doesn't really matter. Once you have found value book it and don't worry what your neighbour is up to!
I expect something more along the lines of sectoral or regional rotations than overall major corrections. Some of the US household names are clearly over valued so what you might see is some of the key indices taking a short term hit while more moderately valued repeat performers do not.
Contrary to that I'm also anticipating the possibility of, but not banking on, a relief rally when (not if) the Clinton dynasty gets restored to Pennsylvania Avenue. Looking at the longer term chart for DJIA it shows signs of indecision and hasn't given much in about two years unless you're an adept surfer.
One mistake we can all be prone to is looking at a toppy chart and saying to ourselves, it can't go any higher. This is the corollary to looking at something that nosedives and saying, it can't go any lower. We know from experience that both can and do happen so while some are betting on a crash, a run from 18k to 20k on DJIA wouldn't be implausible either. I'm not a predictor for the overall market either way. I see value in BKIR over the long haul.
Sitting on hands in recent months in this sector has been very sensible. Do you see the market correcting after the election in US i.e.what are thoughts on trump mania and how/if the market will correct once (hopefully) the US finally see sense and send him packing....?
Good post Buckled.. One wonders where the bottom is..I'm of the opinion the US stock market needs a correction and will sit on my hands until then. Then again a lot of people are thinking the same so if you take a contrarian view it might not happen.
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