George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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what should I do, I have bought for 25K at 0.35? Is the stock price further going up, or???
Jump into BKIR almost trading at par.
This on the independant ie: he taxpayer has already spent €3.5bn propping up AIB but the eventual size of the bailout is likely to be much larger. The bank said last week that it will need to raise €5.3bn of additional capital by the end of February to reach targets set by the Central Bank. Most analysts expect the bank won't be able to raise this amount, which will force the Government to effectively nationalise it. The Government has also helped the bank by creating the National Asset Management Agency (NAMA) to buy distressed property loans -- a plan by which NAMA "invests" billions to buy AIB loans after years of reckless lending. That money, like the bailout money, may or may not be recovered in future. Shareholders lose - banks win again with bonuses for poor performances. Should be in jail, not enjoying Xmas!
Maby they deserve a big slap on the back for xmas? 40 mil, what would they have got if the bank had of done ok?
Its unreal, they have some neck, there getting there last bonus before the government take majority stake, soon it will be like RBS they will have to hit a certain target for to get there bonuses, this year has been a complete disaster for these shares and they get a big reward?? unbeleavable
As reported by Reuters this morning: " - Executives at Allied Irish Banks (ALBK.I) will share 40 million euros in bonuses just before Christmas."
.6 by Friday for the ALBK cup ;-)
I think 30% in 2 days very interesting
you must be running out of bread with all that toast that 50p is not so far away now ireland the land of magic come on ALBK
...reads:- "What's interesting is that the news out of Reuters today is about the potential for junior bondholders to have to take a haircut as the government overhauls the banking system. That seems like really bad news for equity holders -- they're last in line to lay claim to anything at these banks, so if bondholders are getting squeezed, there's a pretty good chance shareholders are going to get elbowed out altogether. If there's going to be a happy ending for equity investors, it's more likely to happen at Bank of Ireland, which seems to be in (somewhat) better shape. However, with the Irish government and bond investors in the driver's seat here, both are very speculative, and equity holders ought to get comfortable with the idea that they could end up with some worthless slips of paper" If you gonna play Irish Banks...BKIR is the (relatively) safer option. ALBK is toast get out whilst you are still smirking at ya big gains last few trading days!!
If they fully Nationalise it then it will be much easyer to sell at a much bigger discount, there is no reason they would be stupid enough to do that, they had plenty of chances to do that already, this bank is worth a lot more to them on the stock exchanges and it also will be much easyer to sell once its still listed, I agree with you on it not being wise to be in it, but at present its on a run and if this bidgit pass's ok, then im out of it at .5 cents as that is what these shares are worth, I bought in at .8 but it wont hit that again any time soon
YOU can say what you want and i dont know why you bother to post here when you dont hold any albk but i reckon 19.9% up on the day pretty good as far as i see it all these irish banks might as well be joined at the hip
I am heavily in BKIR and hold no ALBK, but Katoey is absolutely right about AIB. It is going to be at least 95% government-owned and possibly 99.9%. It's important to be very careful with this bank. FG and Labour could easily nationalise the last bit as it would make selling it to a foreign buyer for a lower price a lot simpler. There is clearly money to be made recently though, but I wonder how many buyers intend to hold long term and how many are day-trading the uptrend.
thats the nature of the beast still hopeful of 50p plus
U R right, ALBK a bit risky - pulled the ejection handle at .45 + euros is better than - euros!
lets both hope BKIR and ALBK keep going
...a good day this is. 3 of my 4 banker portfolio stocks up over 10%. IF everyday was like this i'd be retired by Easter. ALBK is RISKY...but if u know when to pull the ejector cord....u might turn a profit. GL
make sure to drink plenty with your toast we wouldnt want you choking would we
...of what I'm having with my beans right now.....TOAST!! GL on the finance package announced later today. Might be good time to reduce/close ya position if ya still in. BKIR the safer play here.
life just wouldnt be the same without albk and des not to mention a few others
....Im happy if it rises. THinking hollistically, the sooner the finance sector is sorted, the sooner the world economy can recover. I just worry that ppl in ALBK dont fully understand that the govt could wipe it out, and that shareholders would get wiped out. If it was a punt on the IRish banks u want, y not BKIR??
just because you got out of albk you dont need to be so negative whats your problem dont want them to go up 3 times as many buys today as sells?
...astonishing. Some poor ppl buying this as they think the govt gonna backstop this. As the issue is at 0.5 then this should rise?? Dont cling to this nugget. Its going straight down da toilet.
ALBK on the move now i like jam with my toast theres gold in them there hills
do you still think these shares are under valued and will be 1 pound plus come spring