London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
UP 7.6% in New York this evening .$2.10 which is equivalent to €0.825 at the moment . Price here http://www.google.com/finance?q=NYSE:AIB Conversion here http://www.google.ie/#num=100&hl=en&safe=off&q=2.10%2F2+dollar+to+euros&aq=f&aqi=&aql=&oq=2.10%2F2+dollar+to+euros&gs_rfai=&fp=917d336b962ec75d
Will albk share price boost on Monday after this news?
Deal done on Polish Bank . Finally sold ! 3.1billion . Spanish bank .
This news leaking slightly early makes sense...tree shakes this week! I think we are in for a good spell as predicted!!! I hope this falls tomorrow a few more cents; either way Im in for a few more!
Roberto Galea/WBJ Spanish lender Santander has likely won the bid for Allied Irish Banks' controlling stake in Polish Bank Zachodni WBK, claims daily Gazeta Wyborcza, which cites unnamed sources. The newspaper claims that the management boards of both BZ WBK and Santander have already met in Spain and that Santander is conducting an intensive overview of the loans granted by BZ WBK. The official announcement as to who will buy the 66-70 percent stake in AIB's Polish arm is to be made this week. The decision has already been delayed as the Irish group previously said it would choose the investor by the end of August – the Irish government wants the bank to get funds from the deal by the end of the year at the latest so that it can meet capital requirements in its home market. Pending the official announcement, the daily points to certain facts that show the decision has already been made – according to Gazeta, BZ WBK President Mateusz Morawiecki and members of the management board met in Spain with Santander boss Alfredo Saenz. The meeting is said to have been arranged by AIB representatives. Moreover, Santander envoys are said to be at BZ WBK's Warsaw headquarters meticulously analyzing the bank's credit portfolio. And according to Gazeta's source, this looks very much like due diligence. BZ WBK is the fourth-largest bank in Poland in terms of clients served and brings in almost zł.1 billion in profit a year. AIB wants to sell it for approximately €3.5 billion. The price scared away some bidders, but Polish PKO BP, Santander and French BNP Paribas Fortis all submitted bids on Friday, according to media reports. Santander already owns the Polish branch of AIG, but acquiring BZ WBK would give the company a large bridgehead into the Polish banking market. From Warsaw Business Journal by Martyna Olik
Bought some more of these as well !
Strong rumours that Santander have bought the polish arm of ALBK and it is to be announced possibly this week. lets hope this is the drive up we have been waiting for to get the SP ready for the RI
I'm not too worried about BP, even though i'm still below my break even !
hey there, im the same need a rise to release some funds too... yes bp looked dead today ive popped back in and am well pleased! slightly nervous about tmrws news we will see. apologies off topic.
Opps ! ................................ ....................................... ......................................... Wrong board ! :)
Hi Mad Dog ! I'm waiting for the 60's anyway for next buy into BKIR . Hoping for a rise here first .
do u think they will hit the 60 cent range for bkir ? i suppose its possible if the ftse tests new lows as expected before the year end..
hiya, thanks dont want to annoy the nice bp people ... yes in bp and out of barcs for the time being, both cfd and shares as for these two well every time i bought in it just kept on tanking from £3 all the way down.., finally though it looks like a short term buy and we might get a decient lift. av of 1.7euro isnt good and am worried about the rights issue too. bkir i need to trade between 70 and 85 but dont want to get caught out of a long overdue rise...event horizon all right!
Hi Mad Dog . Bought some of these lately and hoping for a lift soon , but not a sustained lift as there is a rights issue on the Horizon . Event Horizon again . Out of BKIR at the moment . I consider the price is in a mid range at the moment and i've been sucked in so often at the wrong point . I'm waiting on the sidelines this time until they hit the 60 cent range . Are you in BP as well ?
regulators want AIB to raise 7.5bn euro,(current share price =0.77). if they sell foreign assets and raise approx 4bn euro (share price = anyone`s guess) why on earth would you think the price goes down after disposal of assets! pile`em up ALBK.
Better than expected, giving sp a nice lift, SP could be at start of Leg back to 1.00e range.
Well I'm locked into this share because i don't want to realise the loss but all banks come good in the end. i will wait and put this one on one side for a rainy day; great share for anyone getting in at current price though.
Would imagine the sp could tank back just after rights shares but agree we will probabaly see sp rise back close to 1.00e on lead upto rights, im hoping bkir sp also follows aib slipstream higher.
Are you sure about this ? If you are not then ..............
The disposal of assets are not the only consideration. There is an expected RI by the end of the year so IMHO 1. the share price will be pushed north during September anyway to ensure the best possible price for RI which needs to be done to meet regulations by end of the year. 2. The sell off will raise significant cash and strip ALBK to become a leaner more financial prospect; I would expect the share price to rise around 20-30% after the sell off. 3. If you look at the past 5 years chars ALBK has also risen significantly in September as I have posted previously! However this could go back to 30cents!!! DYOR and good luck!
Any thoughts on what's likely to happen to the price once the assets are disposed?
Big buy there around 15:20 . Price rose about 2 cents in a big hurry . Institutional buyer ??
will do thanks very much mate..