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How about putting in a long running buy order for buying 50,000 ALBKs for EUR 0.20? For that you need to make sure that you have 10k liquidity in your account. If the order gets executed, you have many possible outcomes and available trading strategies. Do not forget this would be a true penny stock then... 1) Putting in a sell for 30 and with that if executed realising 50% (5K) in a matter f days. 2) Riding it out, participating in an RI and staying in long term and probably if this fine bloated bank survives seeing your 10K (+RI top up) becoming 50K... 3) Range trading it, and never selling at a loss... And trying to take a good 15% on every roundtrip in those low zones... If you don't get the initial order executed, nothing lost... I don't like AIB, but I might consider the above when we get in that proximity of 20 cents (and we have been there in the past, remember boys...)
you could be right but i havent seen any rns lately saying major shareholders ditching,just a matter of holding your nerve imo gl to us all wee need it.
Always suspicious of shares that loose their value gradually - especially in a rising market. Think the 'big' investors' are getting out gradually. Decided to get out of these and take the hit at 66 - ouch. Got my fingures burnt with Marconi (used to work for them) from £13.00 each to ziltch over a period of time. Not sure if it was by belief in them or my reluctance to accept a loss. Learnt a valuable lesson from this Don't take my advice - everything I buy lately seems to go down!! Perhaps me selling these will help others who have 'balls of steel'. Good luck.
With RI likely to take place before Decembers Irish gov budget can we expect SP to rise within same range on run upto rights as BKIR did with its rights issue or at best can we just expect modest SP rise of 15-20C from present 0.60c range which would bring SP to @0.75-0.80c on run upto rights.
The capital of the bank would be €7.4 bn (+non Tier 1 capital), which, divided by 8 bn. shares would be a euro per share and more...The projected earnings are c. 1 bn, so multiply that by 10 or more and we have a bank which will soon be valued at €10 bn. +The only question is how many shares must be issued...I think OmLoyalist over-estimates how much the present shareholders will be diluted.
polish bank= 2.5bn + 1.2bn from MT bank+ 1bn from uk assets= 4.7bn. therefore 2.7bn needs to be raised from R.I currently 1.080BN shares @ 0.63 = EUR 0.7BN R.I SHARES 7billion shares @0.34 =EUR2.7BN(amount required to get the required 7.4bn) TOTAL AFTER R.I 8billion shares @0.42 =EUR3.4bn This means you are offered a chance to buy 6 new shares @0.34 for every ALBK share you own. price per share after RI will be 0.42
Need balls of steel to be holding thease at moment, I hope Lenihan can give Decent SP Lift to both with Final costing statement for Toxic Pox anglo.
Agreed mate....last target was €1.50 at G Sachs as I remember...they did say any +ive sp movement would be driven by asset disposal which has been the case. Eg the Polish disposal: a brief kick upwards followed by the inevitable decline. Worst performing share in my PF at the mo! Good luck
sounds about right i could downgrade a stock when the sp as fell through the floor,the trick is to do it before it falls. http://www.thestreet.com/story/10866248/1/mt-bank-surges-on-deal-talk.html lets hope they get a good price another part to the jigsaw
Goldman downgrades several European banks Goldman Sachs on Tuesday made several changes to its ratings for European banks, saying that with Basel III now defined, it can realistically assess banks' capital positions. Goldman estimates that some European banks reach capital above its 2012 Core Tier 1 (CT1) target ratios of 9.8%, atop 20% of current market cap. But for others, it sees "comparative capital restraint as a valuation and operating disadvantage." In that regard, Goldman downgraded Credit Agrigole SA , Natixis SA and Credito Valtellinese to sell from neutral. Santander SA , Allied Irish Bank PLC and KBC Group NV were downgraded to neutral from buy.
Are we likely to possibly see rights issue take place in november, does anyone else feel sp will drop back to 0.50c range before rising on run upto end of year rights.
Certainly not time to sell. wait for the run up to RI. Since u own a substantial amount, you will need a substantial amount to buy new shares after RI. so you can exit just before if the price is right. other banks like BoI,Lloyds,RBS etc have been through the same process. AIB is just trailing but will be there. Am down 40%.
Hey, new to this chat discussion, just wondering what people think about this as a long term investment, have quite a substantial amount of money invested but I'm being hit at over 55% loss at the moment, need to get nearly a euro a share to get back where I wanna be, don't want to sell and make such a huge loss, in it for the long haul. Do people think this will get back well above a euro ????
Maybe now might be a good time to buy ALBK with a view to selling near the RI date? In at 1.75 and hoping to cut losses prior to selling as don't see much medium term potential here unlike IPM
Do not say that no body said that.
this morning, luckily before the big drop. Still stung for a 30% loss. Owch :(
And with FG-Labour stance with no help for irish banks and all the uncertainty that intails i expect both sp to TANK and soon.
At this rate we´ll need to attach it to the back of the next space shuttle launch to lift it, not a crane !
Will climb abet slowly on run upto rights then tank.
Another rock ? Polish financial supervisory authority investigating deal http://www.breakingnews.ie/business/polish-authority-has-certain-doubts-about-aib-deal-473371.html
A big massive crane with a few hooks on it !
They sell off Poland for a half billion more than expected and we´re rewarded with a .02 cent rise. Happy times !!! waht will it take to drag this sp back up ??
lets hope this gives us the breakout we have been waiting for and reverses the trend