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lenihan put a value of euro 0.50 on aib shares. euro 3.7bn injected equates to 7.4bn shares. currently 1 bn shares. total will be 8.4bn shares. This is the official position unless he publicly rectracts what he said earlier.anything else is purely speculative. THERE ARE NO 30BN SHARES!
Taking 30 billion shares and current market cap of 300 million(ish) would equate to a share price of around e0.01 . I was looking for more info about this Enterprise Securities Market (ESM) and found some info here http://www.ise.ie/index.asp?locID=421&docID=-1 Looks like its the equivalent to the AIMS market in London , so looks like ALBK will still be trading and tradable . My estimate of share price from February on is a range from 1 cent to 10 cents . And 1 cent is 10% of 10cents and 10cents is 1000% of 1cent . IMO etc ! This could still be a multibagger 'Going Forward !'
Just reading The following from the Sunday Business post article 30 billion Albk shares after all the capital injections . That's massive dilution . Nearly 30 times more shares ? Anyway just looking and thinking out loud . Say a market cap of 3 billion when the dust settles ? divided by 30 billion shares giving a share price of around e0.10 . "This could see around 30 billion AIB shares in issue and a further dilution of the stake held by existing non-state shareholders, who together hold 800 million shares. Lenihan described the move last week as essential, and said the ‘‘bank needs to be secured’’."
Hi can someone tell me what i should do when ALBK are no longer on LSE ive put £1000 in shares i only trade on LSE with III thanks in advance gla.
Yes they would not de list and wipe out share holders, which is true, it much to big to fail, so now its being moved to another stock exchange, its still in the game and it aint been wiped out. Share holders are still able to buy and sell there shares, there de listing it to re list it straight away, because the have no choice but it aint been completly nationalised, any way im long gone out of it
I take it you will still be able to trade these shares on the New York Stock Exchange (ADR) after the 25th January 2011? Yes or No
I remain an optimist, but the time frame has extended. It seems all parties involved are determined that this bank will survive and eventually prosper. But who will own it is the question for us. The government wants to reorganise it as successfully as possible and as soon as possible. it now has the cash to do so. it also has the power to move some deposits in there. ...I suspect it wants to get out at a profit and as soon as possible. Anyway, the IMF has dictated that it must exit as soon as possible. So, it may issue "B" ordinary shares, which can be sold on without committing the A ord. chaps like us. At a fair price in 2-3 years time, the bank may buy back the Bs and thereby enhance the As. Or a foreigner. I suspect that the government will want to see substantial local ownership remaining after they exit, as a preference, and will want to do something for the traditional small shareholders which their banking policy has smashed.
For all those who are rightly bailing out of AIB, Bank of Ireland is not the only other option, regarding irish bank shares.. A better choice, at a low price of .96, is Irish Life and Permanent. They are looking to offload their banking arm, Permanent TSB, and will then be left just with their life assurance arm, which is very profitable. Mark my words this will be at over 2.00 by year end 2011.
Irish 'bad bank' acquires London landmarks http://www.themovechannel.com/news/57e8e5e3-3362/
...if u gonna play Irish banks, BKIR was the only option. Taken it on the chin now and get out...as put in my previous posts on this....its TOAST!!
everybody is saying something different...... there will be a boom from 0,30ct - 0,40ct mark my words.p I trade a lot in the states and had the same experience with AIG. Went down and then.... BOOOOOM up. But I warning, get out before.....
You said at 17.24 they would not delist. Are you sure ?
Just a layman's perspectiv who has also money tied up in this stock. I am 75% down on my invetsment but don't see the point in dumping the other 25% yet. RBS is mainly owned by the UK Govt.. They have pumped billions into it to keep it afloat... it is steadier now and in time will pull back to the point where Gov.t will sell at a profit. If the Irish Govt are going to put over £3billion into ALBK I cannot believe theythink it is going under. On the contrary they want to see it survive and flourish. So it may take a year or two but I am thinking that if I hold then one day my current paper loss will trun back into break even or possibly a profit.
http://www.advfn.com/p.php?pid=nmona&article=45772966&symbol=L%5EALBK
Sold my remaining holding as I see these closing for Christmas at no more than 18p.
best sell while you can for any return and buy into bkir
99% government owned these are going in the bin. Merry F-----g Christmas. ho!!! Ho!!!!! Ho!!!!.
Cant believe the SP is still holding above 32. I heard on the Radio today that after the nationalisation, AIB will likely be delisted from the stock exchange. I would bail, Bank of Ireland looks like the best of the bad bunch...
lenihan going to the high court today to get approval for 3.9billion capital injection which will see the bank 90%+ nationalised...thanks for the good times but time to bail before you lose everything...this is not a deramp, this is a fact, turn on the news if you dont believe me. all to their own thouhg and best of luck whatever anyone decides
I do not like the sound of this at all.....!!!!! AIB is also expected to reduce its activities to offset the “distortion of competition caused by the aid”. It now remains to be seen how the Government will proceed with a recapitalisation of AIB. The President’s decision yesterday to sign off the Credit Institutions (Stabilisation) Bill, which gives the Minister for Finance sweeping emergency powers to intervene in the banking sector, opens the door for the Government to delist AIB from the stock market and fully nationalise the company.
I do not like the sound of this at all. AIB is also expected to reduce its activities to offset the “distortion of competition caused by the aid”. It now remains to be seen how the Government will proceed with a recapitalisation of AIB. The President’s decision yesterday to sign off the Credit Institutions (Stabilisation) Bill, which gives the Minister for Finance sweeping emergency powers to intervene in the banking sector, opens the door for the Government to delist AIB from the stock market and fully nationalise the company.
getting a bit hot
will albk still be here in new year
what do you think will happen then
Thats me gone out of this, to risky now with that new bill been passed, took a big hit, over 40% but I believe its to risky at this stage, so happy christmas and good luck all the brave souls that are still in here, I hope it goes well for you, after 3 mounths the pressure has got to much for me, to many sleepless nights, GL all