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Well done on buying a batch at .34,when the days low was .37 - if you are going to lie try be plausable
How can the extra capital needed for AIB jump up by 3 Billion to 10.4 Billion, after we've been told for so long (and was confirmed by the euro stress tests just recently) that 7.4 Billion was enough? Sounds pretty dodgy to me - how can we believe anything we hear about any area of Ireland's finances anymore? How sound is BKIR's position even - are more revelations going to come out in the coming months? What a load of old ****e. Any comments welcome...
Many the mms are buying back in? nearly 17 mil shares traded already today, only 5% down now
is looking good, wish i had bought more this am..
You haven't been this positive for months Radar ! I'm laughing at and with you ! :)))
this will be a graet inverstment and the only question investors will ask will be 2why did I not buy more". It is like the ICI debacle of old all over again. History repeats itself everything else from the wise men and and over paid analysts is waffle. No bother at all, drive on.
just got a batch at 0.34
How much more rubbish about holding are you going to take. Nobody likes taking a loss but it's like you say. 30% loss is better than 40%. Keep holding and it will be 50%
Get out while you can. It will be another northern rock and go fully nationalised. The mms are off loading there shares.
I sold my small stake in aib and reinvested with Bkir which i beleive too be safer investment and best postioned bank for irish recovery.
Id say what harm can there be in holding them for another mounth up to untill the rights, they will have to have the spin docters out to get it back up over 50 cents, I thought the way they were rising yesterday I was going to get out at even this week, no such luck but a 30 % loss is better than a 40% loss and they still have assets to sell, so I believe this is called hold and hope
Don't know what to say . I'd be scared to go through a rights issue with them , unless you are into rights issues . Might still be a rise up to a rights issue but then dilution , and also more dilution with the new government stake of 3 billion . Very, very hard to call . They need a reasonably good price leading up to the rights issue to ensure not too much dilution and that they bring in enough money in the rights issue . I would say that they will get the price that they base the rights issue on . ( IMO ! DYOR ! Disclaimer !.) I would be inclined to hold at the moment up until the rights issue . Sell just before the rights issue and buy back at some point well after the rights issue if you want to . Copy what happened at BKIR ! ( IMO ! DYOR ! Disclaimer !.)
No major losses here Matt just some minor one from time to time . Bought at 1.36 mar 09 and they went down and down and then went to 2 euros and I eventually sold about 1.50 . Just had a few spread bet trades with them since is all . And won and lost on them .
Do you think there will be any type of rise in these next mounth leading up to the rights issue? as and if the assets are eventualy offloaded, the uk and us banks?
I bought into this at .79 and roughly 40% loss to date, I also bought in the NYSE at 2.10 and now at 1.28, 39% loss to date, what about you, did you have a bad loss on these?
Hi Auito . Just need a minute to write a bit . Don't sell yet is my advice . IMO . This is like RBS Not Connaught as that last fellow was hinting .
Sell. Take your loss or it will get worse. Take a look at CNT
I have no idea Matt . The only thing is , that today's price at the moment is based on what the market is thinking 2 or 3 months down the line . Probably be huge dilution here and maybe share prices at 20c or less down the line , as banktech has hinted ! But not yet ! Imo ! Hope you are not too badly burned !
I am in at 1.16 oocccchhhh....should I hold out for a few months/years, or should I try to trade my way back into the black........mmmmmmmmmmmm any comments
How can they put a price of 50 cents onto the RI now, if the price keeps falling?
But this big Ejjit is just after taking a very speculative flutter on ALBK ! lol !
Not so sure Matt . Looks like trading in the us was 'Smart Money' sucking in more poor old ordinary money . The very rich get richer and the not so rich get screwed ! Albk down over 20% there at the moment and BKIR Up 1% . I think ALBK will be nice play yet , like RBS , but not now . In months down the line !
Is this good news or bad news for AIB, the volume in the US was 10.9 million, the instutions are back on board, today will be intresting.
Dublin 4, Ireland, Sep 30, 2010 (Thomson Reuters ONE via COMTEX) -- Allied Irish Banks, p.l.c. ("AIB") [NYSE: AIB] is making this announcement following a review of its capital requirements by the Irish Financial Regulator (the "Financial Regulator"). The Financial Regulator has updated its assessment of AIB's capital requirement and has increased the amount of equity capital required under the Prudential Capital Assessment Review ("PCAR") from EUR7.4 billion to EUR10.4 billion. The increased PCAR requirement for AIB has been set following an assessment by the Financial Regulator of AIB's potential losses on NAMA loans. This PCAR capital requirement is to be met as follows: EUR billion - equity capital raising 5.4 - disposals and other capital generating measures 5.0 Total 10.4 Equity Capital Raising 2010 A EUR5.4 billion equity capital raising will be launched during November which will be completed before 31 December 2010. This equity capital raising will be fully underwritten by the National Pensions Reserve Fund Commission ("NPRFC") at a fixed price of EUR0.50 per new ordinary share, which represents a discount of approximately 9.4 per cent to the official closing price of an ordinary share on the Irish Stock Exchange on 29 September 2010. The capital raising will be structured as a placing and open offer and existing shareholders will be invited to subscribe for all or part of their pro rata entitlements. New institutional shareholders may also be permitted to subscribe for new shares under the offer. If necessary, the NPRFC's underwriting commitment will be met through a new cash contribution of up to EUR3.7 billion for new ordinary shares from existing cash resources of the NPRFC and by the conversion of up to EUR1.7 billion of the existing 2009 Preferences Shares held by the NPRFC. Following this conversion of 2009 Preference Shares the NPRFC would hold EUR1.8 billion of 2009 Preference Shares. On completion of the equity capital raising it is possible that the NPRFC will own a significant majority stake in AIB. It is intended to structure the transaction in a manner which optimises the ability of AIB to retain its existing stock exchange listings, including appropriate structuring of voting rights, (subject to agreement with the relevant exchanges) even in circumstances where the NPRFC purchases all or substantially all of the underwritten new ordinary shares. The mechanics of implementation will be subject to discussion with relevant listing authorities. It is anticipated that the existing warrants issued to the NPRFC in 2009 will be repurchased on terms to be agreed. The terms of the capital raising are subject to the approval, inter alia, of the European Commission, AIB shareholders and other regulatory consents. A prospec
Effective Nationalisation of ALBK is what the radio says today . Hey maybe it's not too bad , probably just the same situation as RBS in the UK .