Register
Login:
Share:
Email Facebook Twitter




BKIR Share Chat - RSS Feed

Bank Of Ireland Share Chat (BKIR)



Share Price: 0.3475Bid: 0.3475Ask: 0.35Change: 0.00 (0.00%)No Movement on Bank Ireland
Spread: 0.0025Spread as %: 0.72%Open: 0.3525High: 0.3525Low: 0.3475Yesterday’s Close: 0.3475


Share Discussion for Bank Ireland (BKIR)


Thread ViewThread View
Please Login or Register to post messages
Posts per page:


cooking
Posts: 224
Observation
Opinion:No Opinion
Price:0.35
Banks....
Thu 21:15
I have shares in one Irish bank , one Spanish bank and one Greek bank

I bought into Eurobank at 32c not my best ever move
 
2CV_Driver
Posts: 1,390
Off Topic
Opinion:No Opinion
Price:0.35
Banks...
Thu 21:05
I have shares in one Irish bank, two British banks and three German banks!

No Greek banks for me thankyou very much.
Plateau
Posts: 43
Off Topic
Opinion:No Opinion
Price:0.35
Wilbur on Eurobank
Thu 19:51
Senator1
Posts: 378
Off Topic
Opinion:No Opinion
Price:0.35
View Thread (11)
RE: eurobank
Thu 19:11
I agree that Greece badly needs a stable political situation. If the 20th gave a surprise ND win & gov with help of To Potami and Pasok, I could easily see NBG and Euro triple from current levels. If somehow Poular Unity were to win then the banks go to zero.
Wexford
Posts: 614
Off Topic
Opinion:No Opinion
Price:0.35
BKIR RNS
Thu 19:03
UK Interims
Wexford
Posts: 614
Off Topic
Opinion:No Opinion
Price:0.35
View Thread (11)
RE: eurobank
Thu 18:54
Senator - thanks - I see the lie of the land in terms of the banks there in a very similar position. For me, a dual Euro & NBG long, incremental position over medium term is flashing at me to start dipping my toes.

John - I would consider this currently high risk too but it looks like some of the main mechanisms are now in place for a lot of that risk to be mitigated if the people give a strong mandate.
Senator1
Posts: 378
Off Topic
Opinion:No Opinion
Price:0.35
View Thread (11)
RE: eurobank
Thu 18:52
Greece changed to DTC a year or so ago from a DTA. All Europe's banks use DTAs in their capital calculation (incl Bkir!!!) but there is a deduction over time that doesnt apply to DTCs. So if this stress test in Greece changes the rules it will also apply to Italian, Spanish & Portuguese banks. Also in Greece remember it was not a banking crisis originally but a sovereign crisis caused by politicians overspending & under collecting. Also most of DTCs are a result of the sovereign write down of 2012 which allows the banks to utilise the losses over a 30 year time period. So, given the history and the knock on effect I think it would be silly to address now. Its totally legitimate to use previous losses against future profits before you pay tax. This is an asset with the sovereign as your debtor. If Greece is financed to 2018 under the 3rd bailout why worry about this now?

On profitability, would it surprise you if I told you NBG was profitable in FY 2014 & FY2013 and only went in to a loss in 1Q 2015 by just over 100 million and this was caused by a one off trading loss of rougly the same amount and yet NBG currently trades at one sixth of BV!!!
Wexford
Posts: 614
Off Topic
Opinion:No Opinion
Price:0.35
View Thread (2)
RE: Greek Political Morons
Thu 18:37
Yes. The Greeks have been shambolic but I think a large part of what we saw over the latter months is what happens when a country loses all hope and confidence - everything seemed hopeless to them - even the life lines!

A strong pro EU & Reform mandate would be a precursor for success for the country. Anything less than that strong mandate from Greece will be unforgivable.
johnmcclean
Posts: 1,012
Observation
Opinion:No Opinion
Price:0.35
View Thread (11)
RE: eurobank
Thu 18:34
I dont know alot about the Greek banks because I just can't bring myself to see them as a hugely risky punt never mind
investment. after what has gone on there lately and what has still to come, the ability of the banks make a profit is questionable. that's assuming there isn't a rights issue that halves any investors holding to start with.

would i be right in saying that the banks there are using a lot of deferred tax to make up the capital ratios and that it is very possible this will be discounted during new stress tests? I know the ECB may fudge the issue to get Greece over the line but is it not just one more risk on a high pile of other risks.
Senator1
Posts: 378
Off Topic
Opinion:No Opinion
Price:0.35
View Thread (11)
RE: eurobank
Thu 18:33
Eurobank is interesting as it is in majority private ownership & so if Ross & Co play then it will survive in private hands. alpha and Piraeus are both 67% owned by Gov with little valuable to sell & so if they have to raise 2.5-3bn then the 33% private shareholders might decide that it would be better to support one of Euro and NBG and let Alpha and Piraeus go to 99% state ownership. This will be a big benefit for Euro and NBG in a recovering market as Greek business will be shy of dealing with state run banks





Sign up for Live Prices


Home  |  Contact Us  |  About Us  |  Careers  |  Advertise with Us  |  Sitemap  |  Terms & Conditions  |  Cookies  |  Privacy


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.