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Colm Doherty has resigned from the Board of M&T. Can we assume that the sale is imminent - ie within days?
Can you sort out your share price on this now please!!!!!!!!!!!!!
Tuesday June 15 2010 Societe Generale SA and BNP Paribas SA are among banks considering a bid for Allied Irish Banks Plc’s stake in Bank Zachodni WBK SA of Poland, valued at about €2.45bn. Poland’s PKO Bank Polski SA and OAO Sberbank of Russia are also interested in making an offer for the 70pc stake. Indicative offers are due later this month and at least two private-equity firms are also interested in making bids, according to sources.
History tells that things can't be bad forever or good forever, it's cycle. Now it's always same as when the crisis was the worse in 2008. What will happen in the next six month is pretty clear.
Maybe theres a rights issue comming that will knock the price .......Im sure there watching BOI closely..
My view is that ALBK will be very good value at some point this year , but maybe not at the moment . I think you'll get them cheaper , but that's only my point of view .
is everyone , have they sold up and gone elsewhere ? Am I the last holder of this shere ? Can things get worse or is it time to buy buy buy soon ?
the market seems to be saying that there is something wrong here because these are taking a prolonged and awful hammering
PKO BP hires Credit Suisse to help in takeover 2nd June 2010 State-controlled lender PKO BP has hired investment bank Credit Suisse into an advising role as it plans a purchase of Bank Zachodni WBK from Allied Irish Banks, Parkiet has learned. For his part, PKO president Zbigniew Jagiełło doesn't deny the bank is interested in BZ WBK. "The hiring of investment banks, auditors and strategic advisers is a regular element of building our market position as Poland's champion in the financial sector," he says. Ireland owns 70 percent of BZ WBK shares, a packet with an estimated worth of zł.10.5 billion. Analysts feel PKO could afford about half of that on its own, hence the talks of creating a consortium of Polish banks to help fund the purchase. Source: Poland AM
By Barbara Kollmeyer AIB IE:AIB MADRID (MarketWatch) -- Allied Irish Banks (AIB 2.49, -0.15, -5.68%) (IE:AIB 0.10, -0.04, -3.40%) was upgraded to buy from hold on Tuesday at Societe Generale, which said the bank has "inherent value" and lifted the target price to €1.60 from €1.35. SocGen said AIB remains leveraged to the outcome of new equity to be raised and 2010 tangible equity, and shares will remain volatile until the market gets certainty on this. Asset disposals and pricing will be catalysts it said, while questions remain over the eventual level of state ownership. Societe Generale said Irish banks are a fundamental call on Ireland, which they say is not Greece. "We are positive on the economic recovery and believe Ireland is well placed to withstand the recent refocusing on risk related to southern Europe," said the investment bank. For Irish banks, margin recovery can pick up the slack left by fee income, said SocGen.
lol mean't days on tui :)
Should'n really post other stock on here but i like to share. Tui up from 222 to 232, not bad but on the up towards 245 within the next couple of weeks. check it out.
This is lookin ok for now. Just booked my Hols. Decided that Tui And Tomas cook look very interesting at these prices after the ash cloud trouble has been factored it to the price. Noticed that the directors have been buying so decided to follow,. could be 25% + to be made. You also get 10% off travel to boot so worth a look. As always DYOR (do your own research)
Well just a little, at least the suns out .Just ticked up 2 cents to 98c.YIPPEEE ! ! Lets party !
I suppose he will be back making predictions soon
11.6% rise - thank feck for that is all I can say. Very relieved it held above a euro. While I'm expecting more turbulence going forward, I certainly hope the overall trend will be gradually upwards for a while. If I hear any more of this euro bo**ocks I think I'll die of boredom!
Nice rise today from the painful fall across all stocks yesterday 11.5% is v v n. The dow is also lookin good so far so hoping for a recover since the euro trouble isn't likly to sread across the world like the MM have been posting, the btards. Just hold and ye shall receive. GL all
Poland’s Treasury may buy BZ WBK Bank from AIB 2010-05-26 The Ministry of Treasury is considering establishing a consortium of insurance and retirement funds to bid for a 70% stake in BZ WBK Bank sold by Allied Irish Banks (AIB), Bankier.pl reports quoting ‘Gazeta Wyborcza’. The possible bidders may include the country’s largest bank PKO BP and Poland’s largest insurer PZU SA. According to the newspaper, the project is an initiative of Jan Krzysztof Bielecki, the senior economic adviser to Poland’s Prime Minister Donald Tusk, who visited Ireland recently to talk through this scenario with AIB. Analysts quoted by the newspaper estimate the value of 100% shares in BZ WBK at PLN 13-14 billion.
Exposure to the Euro. Topping up to average down will ease the pain, up 5% from last night close. RU feeling better now?
Yes all bank stocks are down again globally, but not like this. Does anyone know why the irish banks in particular are taking such a mauling.? Topped up at 90 cents.Just had to.
I admire your 'stones' for topping up today. I'm heavily in here, and nursing a thumping (relative to my savings) loss at the moment. The news seems to go from bad to worse - I was hoping things would start to calm down this week, but no such luck. I've got no funds left now to average down, and I don't feel like bailing out at such a loss, because I'm not sure if there is further yet to fall. My strategy now is therefore to hold and hope! I hope, for both our sakes, that your buy today was a wise one. GL.