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a jump in this tommorow http://www.bobsguide.com/guide/news/2010/Dec/21/EC_'to_approve_Santander-AIB_deal'.html
Fair play, I will give you a small tip, watch out for the santander deal, once it gos through there will be a big jump in this, + they wont delist this bank, you might be ok at that, it might hit 0.45 by wedensday, short or long to me is second nature when im daytrading on the NYSE: but I dont have time to tell the world my positions, I might help somebody if I can but not goad any body in this game, as people suffer enough when they are loosing money with out rubbing there noses in it.
Its not looking for a good day to be shorting unless you are daytrading, with tight stops, get up there ALBK
I would pull them up if I was you?
That's shorting not shoring !
Be careful with the shoring if you feel that a company will fail . Both longs and shorts go into suspended animation ! For along time ! Maybe years if the company doesn't go bust !
They say that they can raise another 3 bill from bond holders, would that not keep the governments share below 80% including the assets that have already been sold + excisting share holders? It also says they will proberly delist, but what advantage would there be to do this?
Irish State May Seize Full Control of AIB This Week, Post Says By Finbarr Flynn - Dec 19, 2010 6:44 PM GMT+0700 inShare More Print Email Ireland may use new powers to take full control of Allied Irish Banks Plc as early as this week and will probably delist the lender, the Sunday Business Post said, citing unidentified people in the government. The nationalization of AIB may be delayed if President Mary McAleese decides to send banking legislation, passed through parliament last week, to the Supreme Court for review, the newspaper said. The mechanism for injecting funds into the bank and the state’s total stake in the Dublin-based lender haven’t been decided, the Business Post said. The government may initially provide as much as 4 billion euros ($5.3 billion) into Ireland’s second-largest bank, the newspaper said. Allied Irish may generate as much as 3 billion euros of new capital by buying back subordinated bonds at a deep discount, according to the newspaper. A spokesman for Ireland’s Finance Ministry declined to comment on the report. Ronan Sheridan, a spokesman for the bank, declined to comment when contacted by Bloomberg News. To contact the reporter on this story: Finbarr Flynn in Dublin at fflynn3@bloomberg.net To contact the editor responsible for this story: Colin Keatinge at ckeatinge@bloomberg.net
love your positive thinking well done...ROFL
Any evidence to your bkir bid for pox aib?
There is now a strong rumour that Bank of Ireland is preparing a bid for ALBK.
Hostile take over, mark my words! There are still roamers that the middle east is going to invest, and than is BOOOOOOOM prediction for the end off 2010 0.76ct
boooom!! thought id never say that here but what a nice rise!
Interesting Mark ! Was trying to join them before but they wouldn't take me ! (No Passport )
KeywordCompanyEPIC/TIDMSEDOL/ISINNews PriceAnnouncementsFundamentalsNewsArticleRSSAllied Irish Banks, p.l.c. (ALBK)Add to Alerts list Print Mail a friend Monday 13 December, 2010Allied Irish Banks, p.l.c. AIB - bonus payments not to be paid The Board of Allied Irish Banks, p.l.c. ("AIB") [NYSE:AIB] met this evening to consider a letter received from the Minister for Finance in relation to the payment of bonuses to certain employees. Previously the Board had received strong legal advice that it was obliged to pay these bonuses. However the letter from the Minister conveys a decision by him to legislate which overtakes this obligation. In his letter, the Minister stated that the provision of further State funding to AIB will be conditional on the non-payment of any bonuses awarded, no matter when they may have been earned. The letter to the Board stated that without the State support which had been provided in a variety of forms, AIB could not have survived until now. The bank very much appreciates the support it has received to date from the State and the Irish taxpayers and acknowledges that it will continue to rely on this support for some time to come. Accordingly, the Board has decided not to pay the bonuses. The Executive Chairman of AIB Mr David Hodgkinson said "The Board of AIB very much welcomes the actions of the Minister and is relieved to be in a position not to pay these bonuses. We are determined to position the Bank to play a full role in the recovery and development of the Irish economy. In doing so, we are committed to treating our customers, staff, the taxpayer and the public in a fair and transparent manner". - ENDS - For further information, please contact: Alan Kelly Ronan Sheridan
I thought you wernt allowed to short these Irish banks, most brokers wont allow you to short them, what broker are you using to short these banks?
Up up and away ALBK up over 9 %
What price did you short it at?
With reports (below Thurs 13.50) about foreign banks interest in buying AIB, and reports today (Goodbodys) about the government approaching the Mid East Funds for suitable capital for the bank (= means the state's holding will be that much lower and the Mid East chaps will eventually divest, as they did with Barclays)...it seems to me that the share should be doubling in the short term. It seems nobody wants to nationalise the bank or wipe out existing shareholders (except perhaps at an "acceptable" price) - http://www.rte.ie/news/business/morningrep/download/1210goodbody.pdf
I read 90 percent tax for bank CEOs etc being proposed.
ALBk taken over would be a big loss of face for them. How come there wasn't a bid for RBS which a pair of years ago, an 'analyst stated that RBS was cheap at 7 squid ! A takeover would be cheaper for the Irish Government because unlike the UK, the Irish can't print their own money, they have to borrow from the ECB, so a bid for the bank would be good news for shareholders such as - the Irish government!
Allied Irish Bank, the second bank of Ireland , is ripe for a hostile takeover, a New York banking analyst has told clients. Richard Bove, from the respected investment bank Ladenburg Thalmann, has told clients that he believes Allied Irish Bank management is unwilling to sell out at a deeply distressed value. “The stage is set for a hostile bid to take over the whole company,” he said. His comments come within a day of reports that a Korean and a Chinese bank had begun talks with Allied Irish Bank over a 75 per cent stake. The talks, which are believed to have been informal, were abandoned over price. While Allied Irish Bank equity, fixed income and investment banking businesses are struggling with the slowdown in M&A activity and the weakening trading environment, the bank runs a very successful fund management business called Neuberger Berman. It also has stakes in a handful of private equity firms. It is believed that any potential bidder would find the Neuberger business an attractive target, alongside the fact that shares in the bank have fallen by almost 1,40 per cent in 12 months. Wall Street is anxious about whether Allied Irish Bank will be forced to write down about $3 billion worth of assets from its books as it seeks to reduce its exposure to sub-prime mortgage debt and other property-related investments. Many banks have also told their clients to expect surging losses when Allied Irish Bank unveils fourth-quarter results next month. Sanford Bernstein, the Wall Street broker, said this week that it expected Allied to publish losses per share of €1.40 for the third quarter of 2008, compared with its former forecast of earnings per share of 74 cents. It expected the bank to report a loss of $867 million for the period, rising to a total estimated loss for the year as a whole of $2.57 billion.
whahahaaa is was wondering if I should sell, but I thought..... I wait and sit this one out and guess what...... 1.20% +
That is the question( more tea and toast ) i fear ask katoey