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Bank Of Ireland Share Chat (BKIR)



Share Price: 0.245Bid: 0.2425Ask: 0.245Change: 0.00 (0.00%)No Movement on Bank Ireland
Spread: 0.0025Spread as %: 1.03%Open: 0.2375High: 0.00Low: 0.00Yesterday’s Close: 0.245


Share Discussion for Bank Of Ireland


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Hotdog1
Posts: 940
Off Topic
Opinion:No Opinion
Price:0.245
12€ party
8 Jul '17
Mulligan's .....if it gets there it'll be a well deserved pint of black
 
aclaw
Posts: 1,371
Off Topic
Opinion:No Opinion
Price:0.245
RE: Positive comments from Cantor
8 Jul '17
.. keep a watch for July 28th.. not that far away.. you might have a short 10 to 15% jump next 4 weeks.. this stock was trading at the mis .35 for a good while..
ten4
Posts: 74
Off Topic
Opinion:No Opinion
Price:0.245
Positive comments from Cantor
8 Jul '17
From RTE Brokers Reports:

"Daily Note Friday, 7th July 2017
News
Earlier in 2017, the Single Resolutions Board (SRB) required all Irish banks to established a HoldCo in order to meet regulatory requirements to deal with future bank resolutions. Permanent TSB already has a HoldCo structure in place, and AIB is set to established one in Q4/17 or early 2018. Bank of Ireland has received High Court and shareholder approval for this new HoldCo company which will be called Bank of Ireland Group Plc. Management also intends to carry out a share consolidation too which involves a 1 for 30 stock split. This means for every 30 shares of Bank of Ireland’s existing ordinary shares, investors will receive 1 new Bank of Ireland Group Plc share in the new HoldCo. Total shares outstanding will reduce from 32.36bn to 1.08bn, which should help reduce intraday volatility in the stock. Bank of Ireland’s share price closed at 24c on Thursday evening and based off the 1 for 30 consolidation, Bank of Ireland Group Plc’s share price should open at €7.20 on Monday morning. Our 12 month target price will move from 27.2c to €8.16 as a result which still offers 13.3%
Comment
The new HoldCo structure will issue equity, senior and junior debt in the future which will be hit first or bailed in if the Group runs into financial difficulty ever again similar to the last financial crisis. Deposits will be held within the Group’s operating company and will be more senior and offer greater protection than the equity and debt securities issued by the HoldCo. Bank of Ireland is currently trading at just 0.85x FY17e Price/ Book, which is a 11.5% discount to the broader Euro Stoxx 600 Bank Index (SX7P Index) at 0.96x. We think this discount will close in due course and Bank of Ireland should positively re-rate higher over the coming months. We have seen a sizeable move higher in European bonds yields over the past week which is a supportive backdrop for European banking stocks. A little over a week ago, 10 year German yields were 0.22% and are trading 34bps higher this morning at 0.56% and have broken through key resistance at 0.50% in the process. Bank of Ireland is due to report H1/17 on the 28th July and the Group should report an uptick in new lending growth rates in Ireland, a small improvement in Net Interest Margin and further improvements in asset quality as consumer and business sentiment continues to improve while housing value have risen over past 6 months.
Stephen Hall, CFA | Investment Analyst
Bank of Ireland "
aclaw
Posts: 1,371
Off Topic
Opinion:No Opinion
Price:0.245
.. monday
7 Jul '17
.. new trade symbols..? monday..? should be interesting.. penny stocks deal in the obscure exchanges.. most investment funds have a rule of not investing in penny stocks.. very risky to buy penny stocks unless you have a good vision of the company.. hopefully this change will be beneficial..
cooking
Posts: 709
Off Topic
Opinion:No Opinion
Price:0.245
New Order
7 Jul '17
Have a famous song called Blue Monday let's wait and see
martin1
Posts: 631
Off Topic
Opinion:No Opinion
Price:0.245
New Order
7 Jul '17
Which means we have done full circle
G L A
Borninusa123456
Posts: 561
Off Topic
Opinion:No Opinion
Price:0.245
RE: New Order
7 Jul '17
Well said
cooking
Posts: 709
Off Topic
Opinion:No Opinion
Price:0.245
Opening show
7 Jul '17
€7.38
Observe
Posts: 54
Off Topic
Opinion:No Opinion
Price:0.245
New Order
7 Jul '17
Looks like some of the shorting scum washed out in past two days! May the trend continue and the consolidation bode well for the future. RIP penny stock!!
johnmcclean
Posts: 1,469
Observation
Opinion:No Opinion
Price:0.245
RE: Resistance
7 Jul '17
I think officially its just over 26c. In practice it always seems to be 0.01c above the quoted price with support an open trap door.




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