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Donkey,
If these hit 7.50 tomorrow even the donkeys in the stable would be mad not to buy-with a yield of 8%.
You should also bear in mind that PBT figures are easily manipulated for different purposes. If BIRG adopted the same reserve figure for 2023 as for 2022 their PBT figure would be 2.16 Billion and a very different tune would be sung today. Are they attempting to lighten "political" pressure ?
See the Doomster is in full voice today but the IQ aint improving. Now considers Ryanair a sideways company , very conveniently forgetting that they are the largest Airline in the world by market capitalisation with a market value in excess of the combined values of IAG-E JET-Air France-Lufthansa - all from a company started on greenfield site some 35 years ago. Once an idiot ,always an idiot.
Last Wednesday this share was 8.21 and nobody was that bothered
I’m with you on this , European and USA central banks likely to be slower than the market thought and when they do move it will be likely slower than expected ! This share is an easy buy at these prices , albeit a long buy . Buy for the 7% dividend ! It’s going to be making these profits in Ireland for next 10 to 15 years
Pretty sure i done the right thing selling out, when this falls big god help us, its was a bit painful selling when i was up so much on friday
Hi Uncle - I got it a bit wrong to best not pick on john hes 73 ! ex dividend date 11may so this will likely sink up until then - tomorrow could be bloodly 7.50euros - not buying just watching
Ok ! So somebody please explain to me how a company with 1.9 billion in profits and distribution of 1.15 billion is only worth 8 billion . Guiding 1.9 billion again this year ! In the real world this company is worth 12 euro a share minimum ! There is no domestic or international competitor and its market share is growing
Jeez. Another john hume recommendation down the drain, which I'm glad I dodged. Where is the "major boost to the sp" you were talking about a few days ago john ? Strong Sell.
So do not say I did not tell you !
A ridiculous over reaction . I suppose the short guys had to make something back after shorting NVDA . The fundamentals of BIRG and AIB as duopoly core Irish banks are sound.
I will just wait now for the next market crash - i expect some very interesting times ahead of the 2024 United States elections world events to test biden to do something stupit!
If only i sold on friday - Cannot stomach this falling under 8euros, could fall 7.50euros tomorrow but i think its the dividend thats holding it over 8euros, i dumped at 8.07 sad - but overall profits very good from 2020, jusy looking at the price now 8.09euros short term why go up has the fall alot tomorrow , will i buy again maybe small amount 6euros
All. I am selling.my entire portfolio...updated price target 8.10 euro but possible 7.30 low within 6 month's
Observe
you could say the loan book was static. If the perception going forward is negative growth would do no good for sp.
The s/holding dropping below 1 bill could serve to drive the sp . the current div yield of 7.5% with 8 sp is unheard of for BIRG and with falling interest rates would push investors to invest - 2% deposit rates at a push at the moment.
SP of 6= 10% yield ; sp of 10= 6% yield.. yield just over 2% for months in 2023.
I believe market is over reacting but AIB results will be closely examined.
I think you might be getting carried away with the negative loan growth
Capital ratios good
Cost ratio very good
Payout (dividend buyback) very good
PBT 2023 @ 1.9b miss
PBT guidance for 2024 lower. Negative
Loan book at +7.7b in 2023 includes loan book of 8.0b purchased from KBC. Net BoI loan book growth in 2023, negative!
This share is ex growth and profits move lower going forward. Its SP above +/_ 50% of NAV is generous in EuroBank terms. Price range in 2024 (from here) 6-8 Eur.
Sorry all. You missed the generous tops of 10 E plus! Time to sell!
Markets always over react to "bad" news - downwards.
BIRG generally very conservative in their statements ,erring on side of caution.
2b Profit with a market capital probably @ 8b post buyback
Strong dividend... and lets be honest theres not a hope in hell ecb will lower interest rats to 2.75 by the 4th quarter.
I'm topping up this morning.
Anyone know when dividend dates are, or are they not released yet, is it one payment of 60 c or is it split over 2 payments.
I had hoped to sell out in total today as i booked a cruise, but its back to LTH for now. Will sell off something else probably MKS or CRH.
PBT figure affected by additional credit impairment charge of 216million in 2023 v 2022.some positives to be taken from results ;
-cost to income ratio down to 42% -was well above this .
-share buy backs of 516mill should bring shareholding to 1 billion or slightly less. This will likely mean less emphasis placed on buy backs in the future as s/h historically around 1 billion.more future distribution by divs.
- Report states interim div being reintroduced in 2024, which imo means emphasis being put on future div distribution.
-Does div of 60c represent the floor for future divs dependent on coming profit figures.
AIB 's figures next week will be examined very closely.
-
BIRG disappoint again. Quelle surprise
Expected PBT 2.13bn Actual 1.94bn difference 0.19bn
Net impairment charge includes additional pro-active management adjustments of 0.138bn.
Thus PBT under 2bn. Prudence adjustment.
Dividend yield currently 0.60/8.18 = 7.33%
And cheaper buyback
Interesting times!
Forecasted fall in interest won’t come as any surprise
Good day to buy 520million shares probably need approval
The forcasted profit call for 2024 being a fall due to interest rate’s declining is the bigger worry
The market didn't like the earnings miss. Well, they have a 3 year plan. GLTA
At 1.9B earnigs on low side