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Started: wolfhound, 28 Jul 2017 12:03
Last post: wolfhound, 28 Jul 2017 12:03
I could see this climbing to €7.50 in the next twelve months ahead of Govt looking to offload another 30% and take their holding below 50%. - any thoughts ?
Started: OMLOYALIST, 31 Jan 2011 17:57
Last post: OMLOYALIST, 31 Jan 2011 17:57
i HOPE THIS DOESNT RESURFACE AGAIN. IT SHOULD CONTINUE ITS DOWNWARD SPIRAL TO ZERO. TIS NOT WORTH A PENNY
Started: GKB01, 31 Jan 2011 11:51
Last post: GKB01, 31 Jan 2011 11:51
Can we still trade? just got an answer back from SelfTrade; "Dear *******, Thanks you for your message. Though Allied Irish banks has delisted from the UK exchange, currently we are still in a position to hold and trade these as they still trade on the Irish exchange. If the situation changes we will notify you and arrange certificates to be issued. If you have any further enquiries, or wish to discuss this further please contact us on 0845 0700 720. Kind regards Mark Welch Selftrade Customer Services
Started: jalcorta, 29 Jan 2011 19:39
Last post: jalcorta, 29 Jan 2011 19:39
32 cents of Euro sounds great, if we consider that we are able to buy AIB ADR Stocks for 74 cents of US dollar. Every ADR is conformed with 2 ALBK stocks. I have been in and out since when the price of the ADR was 1.4 us dollars. I got a big lost, thinking that this bank would recovered soon, but that has not happened, at least not yet. My estimations is that the ADR suppose to be on the 1.30's US dollars. It is unbelievable that even selling assets in USA and Polish for about 4 Billions euros the bank is still short with the liquidity requirements. The history have shown that buying banks back from governments is a good deal. The variation this time, is that we have the government as partner, not a good one by the way, but I do not think the government will be able to hold this bank for a long time (12 months). And once the government sell it, they will be able to cash it with some profits and my hope is that we get some profits too.
Hi Sitchie, you can keep an eye on the share price and any company announcements, etc on www.ise.ie which is the Irish Stock Exchange website. Good luck with your investment.
Hi Fitter Thanks for the comment. As I said I’m in no big rush for the money (well not yet anyway!!) and I would prefer to wait. However I was just unsure as to whether this latest move would potentially mean my losing my shares and so would be better to cash in now. I know there is the risk that the government could take their stake to 100% and I would lose the lot, but I can’t see this happening (well I hope anyway!!) One question though, if I decide to hold the shares where can I check the latest SP prices? Will they still be accessible from Bloomberg, LSE etc?? My broker has said that if I want to buy (yea right) or sell shares it will have to be over the phone so they can complete the order. So as I cant sell online I would like to keep an idea on the share price if possible. PS - I’m being offered €0.32 per share from Halifax Share Dealing!
Last post: SexyMoose, 28 Jan 2011 13:43
Is the share price up above frozen now?
I’m no expert in share dealing and of late have taken a few losses my self. In terms of AIB I have twice your problem having 20,000 shares. First thing I would like to say is that if your broker can get 0.32 for AIB let me know who they are, for that price he can have mine. AIB shares are being traded in the normal way albeit on a minor part of the Irish exchange. This apparently is because some years ago the company was worth about £24 billion and now its worth about £400 million, I think the Irish government has adopted the approach of ‘Out of sight out of mind’. Apparently AIB will continue trading for the foreseeable future and continue to do all the normal company things like shareholders meetings and even someday pay dividends. But for now if you want to buy and sell AIB shares you can continue to do so if you find a broker who will use the Irish exchange. I think AIB will still be around in ten years time, at least that’s what I believed when I first started to buy shares in AIB (long term safe investment) – ha. Part of the pension plan, don’t you know. My pension was safe it was with a bank or two – ha. When I first bought into AIB it was @ £1.70 and was part of a long term plan which despite of everything I still think is sound. If you don’t need the money now, leave it where it is and in two or three years I’m sure the sp will have risen to £0.87. If you do need the money take the 0.32, it sounds good to me. But hey, who’d take advice from someone stuck with 20,000 shares.
Started: sitche, 27 Jan 2011 17:47
Last post: sitche, 27 Jan 2011 17:47
Hi Guys & Gals I have been dappling in both AIB and Bank of Ireland shares for the past few years. My ABLK shares were bought at various times through the London stock exchange to give me a modest holding of 10,000 shares currently. With the recent increase in the state ownership in the bank the shares are being removed from the major stock markets and are being traded on the smaller Irish secondary share market As the shares are being removed, my stock broker has presented me with two options. The first is sell all my holdings for an agreed price of €0.32 per share. While the other is hold them. This is my dilemma If I sell the shares for this price I will make a large loose as my average SP is £0.87. On any other occasion I would decide to hold as I can wait for the shares to potentially recover (if they ever do :-)). However what I am unsure about is that what happens to ABLK shares now that they are technically not being traded anymore? Do I still have share rights and options even though the shares are being traded on a secondary market that I have control over? Will the shares ever come back to the major stock markets? Am I better selling up no and taking the lose? I’m not by any means an advanced share trader, so I would really appreciate your comments and thoughts. thanks
Does anyone know of any share dealing websites that deal on the Enterprise Securities Market, so I can trade AIB shares?
There is life in the old moose too. There is life in everything, but no money nowhere.
Last post: SexyMoose, 26 Jan 2011 10:21
There's life in the old dog yet. I've a buy order in for Albk a bit lower than here.
Started: banktech, 26 Jan 2011 04:41
Last post: banktech, 26 Jan 2011 04:41
Tel: +353-1-6412162 Tel: +353-1-6413894 email: alan.j.kelly@aib.ie email: catherine.e.burke@aib.ie investor.relations@aib.ie
Started: banktech, 26 Jan 2011 04:39
Last post: banktech, 26 Jan 2011 04:39
Ventilate your sentiments with mails to: investor.relations@aib.ie Thats should probably result in a DOS (denial of service) syndrome, as there will be one or two disgruntled share holders out there....
Started: banktech, 26 Jan 2011 04:38
Last post: banktech, 26 Jan 2011 04:38
Yes, my old friend ALBK. I have traded you many times, but have not touched you since late 2009, as you had to many issues, which even I as an old friend could not help you with , and which you yourself persistently dealt with wrongly. So our friendship came to an end, and I have been following you on the sidelines. You now live on the "Enterprise Securities Market (ESM) of the Irish Stock Exchange". That is a sad address, as it is not easy for old friends to visit. First of all they have an antiquated stock exchange order matching system. Secondly, my communication with it, through my otherwise decent online broker, is virtually impossible. My broker considers the ISE already strange enough, and this segment even stranger. I have no way to even post trade orders electronically to play with you, and can only pass phone orders, which my broker then has to relay to their broker in Ireland.... In short, dear friend AIB; you will not see much of me in the near term future. I wish you all the best in recovering from you issues and health problems. It's maybe good for you that mother Ireland looks a bit after you...
Started: radar, 25 Jan 2011 20:20
Last post: radar, 25 Jan 2011 20:20
I hope we never see you again, you scattered money (that you got from European banks and shark like investors) like confetti around our little island with no regard for how or if you could get it back, you destroyed businesses, lives of adults, lives of children and marriages. You thought you were great, above reproach. I hope we never see you or your likes again.
of to the naughty boy stock exchange come back soon ATB. http://www.advfn.com/p.php?pid=nmona&article=46154349&symbol=L%5EALBK
Started: IrishBrit, 25 Jan 2011 16:50
Last post: IrishBrit, 25 Jan 2011 16:50
All the best for the future AIB, hopefully we will see you again with the big boys in the not too distant future....
Started: johnfitz, 24 Jan 2011 17:15
Last post: johnfitz, 24 Jan 2011 17:15
There is no future in AIB for current shareholders for a very long time. The share price could easily fall below 10c in the near future. It is being moved off the main stock exchange tomorrow. As banktech mentioned, your interpretation of NAMA isn't accurate. AIB actually owes the state rather than the other way around. Most importantly, current shareholders will own around 4% of AIB next month, with the government owning the rest. It will be effectively nationalised and is currently run as if it is in administration by PWC. Only gamblers are trading ALBK at the moment.
Started: banktech, 24 Jan 2011 13:52
Last post: banktech, 24 Jan 2011 13:52
Not sure if you really undestand what the NAMA did. AIB swapped portfolios of bad property loans (which were certainly not eligible for repos) for bonds issued by NAMA which, as a state near institution has a better credit profile and as such is eligible for repo witht eh ECB. Those repo rates are very low, so this keeps AIB (just) in access to some normal short term funding rates. Yes, they took a loss on the value of the property loans (the haircut) and that hurts. But it is certainly not the case that the State "owes" AIB "unpaid NAMA bills. I believe that the NAMA bonds even pay a coupon or premium which ea the end depends on the borrowers paying back... I would stay away from AIB, really (and I do)
Started: BaronWuffit, 24 Jan 2011 13:00
Last post: BaronWuffit, 24 Jan 2011 13:00
For a start--all I've time for today- the State (NAMA) owes AIB 10-12 bn. in unpaid NAMA bills. People forget that, or don't realise it. (They might even decide to pay that now, in the form of "promissory notes", which, it seems, will satisfy our Regulator as equity capital ! ) (Another alternative might be to provide CoCo capital to AIB, loan capital- surely at the same interest rate as AIB lends its property to NAMA ?- which converts to equity in a downturn, and which, it seems, would also be acceptable to the Regulator (- he who used to "regulate" the UK leading banks before 2008, when they were losing a multiple of what Irish banks were losing !).. Anyway, don't panic.
Last post: johnfitz, 22 Jan 2011 18:12
Yes, they are re-listed on the lesser exchange and you'll be able to trade normally there. Baronwuffit, there is no similarity between AIB and BOI at the moment. They are miles apart. The government has absolutely no responsibility to the shareholders of AIB.
Started: TRAFFIC, 22 Jan 2011 11:38
Last post: TRAFFIC, 22 Jan 2011 11:38
does anyone know if you can sell your shares after the de listing
Started: BaronWuffit, 19 Jan 2011 12:42
Last post: BaronWuffit, 19 Jan 2011 12:42
Both banks are of comparable size, in terms of extent of customer franchise, depositis in normal times, assets, etc, with AIB being perhaps 30% bigger. Both, operating in the same market, should have comparable sized haircuts to face as a percentage of assets. Both have the same recovery potential if one takes a medium term view. As such, both are similar to each other and then different to other banks with whom they have been grouped and then tarred with the same brush. The current share price of both is very negatively influenced by the fact that they passed over tens of billions of assets to the State in return for a promise of continued funding, a promise which the State cannot deliver as its own credibility has sunk. (Probably for this reason, as an ECB executive recently intimated, NAMA decided to cut down remarkably on the issuance of bonds from last September, thereby hitting AIB extra hard with sudden increased haircuts.). The State made a major blunder in its bank support programme by offering its own guarantee to the banks in exchange for their property. Its own guarantee was, simply put, not tradeable. Therefore, the banks lost deposits, worsening the previous liquidity problem and forcing capital raising at a ridiculously low price. Share prices sank by 70% or so directly as a result of the States loss of credibility, especially last August. The State, which owes both banks many tens of billions of unpaid NAMA bills, has caused the wrecking of these banks and will have to fix them, and their shareholders. I believe that's what;s going on now, with new arrangements being made in secret. It's only my opinion.