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don't give up investing it really is a positive sum game- banks may be a bit of a value trap but they're never going away. I rate Francesca pretty highly but she's a bit hamstrung by the general environment. A decision to repurchase shares when they trade as below book value as BIRG does can only be a positive, the best megacap bank JP Morgan has increased their share price immensely but continually reducing the amount in issue. I genuinely believe buybacks are a better use of excess capital than dividends especially when the stock trades below book value.
The main challenge for banks may actually be that's there not enough people requiring debt. Who needs credit cards nowadays or any personal loans? Wealth management is the main area of growth I believe- the defenestration of BIAM was always going to be a mistake
I do not thing BOI is interested in Ulster Business, look at what capital reserves would have to rise by, I believe AIB is only interested because its major Shareholder, government Circa 70%, told them to do it.
Poor rise here again so far - My bet is we will news about BIRG buying ulsters banks good mortgages
I was right about AIB sell before results they will be poor BIRG results alot better - people are selling AIB now moving into BIRG!
All my eggs are in BIRG - This morining decided not to buy anymore 3.37 - Bought into GGP yes johnhume your golden nugget. Next week results are out with positive news going forward should jump up 10points- FBS think about it!
Cheers i will hang on not going anywhere and the kids will have to suffer for the time being. I have no idea what the fek im doing !! But in the 20 years i have played with shares i guess I'm about even right now. As they say you win some you loose some. Sell high buy low simples :-)
Fontenoy i sold some BIRG early with profit put it in APGN then there was a bid very happy there - Was going to buy a load PTSB 0.45 but held back bought more BIRG -You should sell PTSB now take the lost forget move on - the bitter will go away. Be very careful selling to early here and watch it go to 10euros again - in my book thats worst!!
I got a gut feeling something is going on here strongly believe a bid/merger is on the cards here - FBS -i would remove sell orders!
Hi fontenoy - I agree will you BIRG should be 4euros right now looking at AIB (*****) over 2euros I find something very interesting here from yourself johnhume irish renegade - bitter from the past - the reason holding onto a stock in a pension getting dividend 10euros + a share - We all know something bad will happen again - if this share goes to 10euros + even will dividend 25cent i will sell out
Birg has been trading at the 3.00 to 3. 50 euro range for the past couple of months which is very low in the greater scheme of things.
It should (but isn't!)be over 4 euro easily at this stage but once lockdown is over in say June or July, I really feel that this share will break the 4 euro ceiling and exceed 4.50 euro by late Summer or early Autmn. I have brought my average down from 10 euro at the beginning of the pandemic to 4.30 euro presently. A bit of a risk but this is going towards my pension..... All 80k of it. I also have about 15 k euro of PTSB shares (that is what I paid for them) which are currently valued at about 1k....they were diluted to next to nothing in 2015.
So my experience of share trading has been a very bitter one as well.
Once I break even or a gain a bit of profit on BIRG then that is it. Curtains.
@Irish Renegade, many thanks for reply and honesty. I have invested in low to med risk with a fund and thats doing ok. Pension is sorted. BOI was my 1st ever toe into trading! but that has not worked out a good as I thought, there is no such but thing as a sure thing. However I think this share for me will come good to break even, so I will just leave it sit.
I will look at other shares or funds for continue with trading little bits and hope it works out over time, hopefully gains will beat losses. Thanks again.
Mr Hopeful, if you pull your funds from this and invest elsewhere you need >15% growth year on year for 3 years to break even. In answer to your question which is for a recommendation for a low to medium risk share that will give you this level of return then the answer is not out there. That level can only possibly be achieved by a high risk share/fund and you already know the risks involved in that. Either sell and exit completely if you can't stick it anymore or try and close your eyes and stick with it. Personally I would sit tight.
My opinion is my own and remember it is only one opinion and there are plenty alternative opinions to contradict. If you don't like the risks then invest in a lower risk fund but I do not see the level of return you are seeking being achievable in that 2/3yr time frame. And for those who wish to criticise my opinion, remember that at least I offered him an opinion and didn't just sit on the fence and offer him generic financial phrases with a few buzz words thrown in for good measure.
Whatever you decide I wish you all the best.
WasBenLittle - I'm nobody's agony uncle and cannot predict the future but you made big boy decisions all by yourself when you purchased shates If you don't need the money today and are not interested in reinvesting it elsewhere then IMO why would convert a paper loss into an actual loss? All that does is let you exit this game and get out of shares which is fine if that is what you want. Considering you haven't sold up to now I'm guessing you don't really want to take a loss. Suck it up and you will recover it in time and never tell your kids about the experience!
Too many people caught up in shares and usually lose money in the end. Investment funds with lower risks are probably more suited to these individuals who are not happy with the big ups and downs and would rather a slower smoother journey with less worry along the way... perhaps less profit potentially but less grey hair too!
No son, you will be just teaching your kids to do what you regret doing and that is the worst thing you could do. What you might do is sell BOI and take the kids to the circus and on the way home stop at the ice cream shop, buy lollies for you, the missus and the kids and explain to the kids what you think you did wrong and tell them that there are many, many different types of clowns and that they should not become someone else’s clown.
That would surely be a good days work, son !!!
Dear Mr. Irish i bought these back in 2012 I got 30000 shares for £5K I sold 5000 for £1000.00 in 2014 and had 25000 left. They did what they did and the 25000 are now 834 which was nice when they hit about 8 euro but alas didn't sell. Like Mr. Hopeful i hope they rise again i need to get to 5 euro to be back at square 1 in 2012. This will break even but really a loss over 9 years. Should i just sell and give money to the kids. Ben
@Irish_renegade
Thanks for real response, I wish I had more disposable income in Apr 20 and I would have put more in but that's just the way it was. My actual investment is as follows, small numbers as I'm not an investor but money in the bank was going nowhere so took a punt (I think the average is approx €5.78 to break even but I have very little knowledge about shares etc) you might be able to confirm it?
2/14 10000@ €0.36 or 334@€10.80 pre reverse split
9/19 83@ €3.63
4/20 415@€1.74
3/21 55@€3.53
I'm not interested in BITCOIN. And can't commit to 2500 extra share of BOI (but I see the merit in what you are saying, my only holding is in BIRG at present and the wise man said never put all your eggs in the one basket)Just something that is Low to med risk over 2/3years, trying to make up for loss on BIRG. I just don't know enough about trading and market and there are plenty who will BS about where to invest that will make you €€€€€€ but I'm guessing they wouldn't be here if they were doing that well.
Thanks for reply again.
@ Mr. Hopeful - What is your average price on BIRG? Was the 6k figure you mentioned your actual initial investment or just a figure thrown at you by a wise old man?
Trying to invest for a quick return has big risk attached and I'm guessing after the battering you took on this one you are looking for a slighter safer / slow burner. If you are averaging €6.50 to €7.00 or below perhaps a further reinvestment into this might be the answer. TBH I'm surprised you didn't invest more around the €2.00 mark which would have seemed like a good time to average down again IMO.
If you have balls of steel and spend most of the day high on cocaine and high fiving high class hookers then go for bitcoin but that one is a complete basket case and defies logic imo. Sure, on paper entry at US$45k and exit at $50-52k looks like an option within a 2 week period for fast return but that one could fall to $35k or rise to $60k in 24hrs so for me personally I wouldn't have any appetite for it now. I missed out on it at $8K when I wanted to purchase 5 bitcoin as a complete gamble to test the water but I wimped out of it thinking it could fall to $4k while i'm asleep.
Anyway, in answer to your question perhaps adding another 2500 shares to your BIRG holding and wait for 4.50 should get you fairly out of this one.... although I'm sure that will be a hard pitch to your wife by the sounds of things.
€4.50 is achievable IMO on BIRG.
BTW I feel your pain... I got burned badly on bank shares too with AIB. Thankfully, i averaged down last year and have recovered well but it was a depressing journey none the less.
Very poor movement compared to AIB - very behind! should be 4euros
Wise words silverhorse. Voice of reason as always
I reiterate my long term buy recommendation with price target raised to 3.80 euro by year end. Regards
From now on buying under 3.50 is a very safe bet - it will be around 4euros soon
Hi Mr hope - Shares are only a gamble if you buy high, this share is very low risk. Its the selling i find very hard to sell and watch it go up more very annoying.
I bought into this Feb 2014, thinking it would be a good hold until 2022 ish. I bought at approx €10.70 pre reverse split.
A wise man said to me here, when I asked is was this a good idea, would I walk into paddy power and drop 6k on an unknown horse in the next race and hope he wins, well the answer to that is no and after 7 yrs, it feels like i did just that. To try and average down I dipped my toe again Apr 2020, i bought 415 @ 1.74 and that will help make some gains back. But I won't be buying anymore in BOI.
I have opened a Degiro account, to trade little amounts each month (their fees are are lot less than Goodbody) was thinking of Cruise liner industry or something else. Just buy now maybe and leave for a 2-3 years. Any wise man still out there who could give some real advice? Yes I still know that I could loose the whole lot, wife has been reminding of that fact since Feb 2014.