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If only i sold on friday - Cannot stomach this falling under 8euros, could fall 7.50euros tomorrow but i think its the dividend thats holding it over 8euros, i dumped at 8.07 sad - but overall profits very good from 2020, jusy looking at the price now 8.09euros short term why go up has the fall alot tomorrow , will i buy again maybe small amount 6euros
All. I am selling.my entire portfolio...updated price target 8.10 euro but possible 7.30 low within 6 month's
Observe
you could say the loan book was static. If the perception going forward is negative growth would do no good for sp.
The s/holding dropping below 1 bill could serve to drive the sp . the current div yield of 7.5% with 8 sp is unheard of for BIRG and with falling interest rates would push investors to invest - 2% deposit rates at a push at the moment.
SP of 6= 10% yield ; sp of 10= 6% yield.. yield just over 2% for months in 2023.
I believe market is over reacting but AIB results will be closely examined.
I think you might be getting carried away with the negative loan growth
Capital ratios good
Cost ratio very good
Payout (dividend buyback) very good
PBT 2023 @ 1.9b miss
PBT guidance for 2024 lower. Negative
Loan book at +7.7b in 2023 includes loan book of 8.0b purchased from KBC. Net BoI loan book growth in 2023, negative!
This share is ex growth and profits move lower going forward. Its SP above +/_ 50% of NAV is generous in EuroBank terms. Price range in 2024 (from here) 6-8 Eur.
Sorry all. You missed the generous tops of 10 E plus! Time to sell!
Markets always over react to "bad" news - downwards.
BIRG generally very conservative in their statements ,erring on side of caution.
2b Profit with a market capital probably @ 8b post buyback
Strong dividend... and lets be honest theres not a hope in hell ecb will lower interest rats to 2.75 by the 4th quarter.
I'm topping up this morning.
Anyone know when dividend dates are, or are they not released yet, is it one payment of 60 c or is it split over 2 payments.
I had hoped to sell out in total today as i booked a cruise, but its back to LTH for now. Will sell off something else probably MKS or CRH.
PBT figure affected by additional credit impairment charge of 216million in 2023 v 2022.some positives to be taken from results ;
-cost to income ratio down to 42% -was well above this .
-share buy backs of 516mill should bring shareholding to 1 billion or slightly less. This will likely mean less emphasis placed on buy backs in the future as s/h historically around 1 billion.more future distribution by divs.
- Report states interim div being reintroduced in 2024, which imo means emphasis being put on future div distribution.
-Does div of 60c represent the floor for future divs dependent on coming profit figures.
AIB 's figures next week will be examined very closely.
-
BIRG disappoint again. Quelle surprise
Expected PBT 2.13bn Actual 1.94bn difference 0.19bn
Net impairment charge includes additional pro-active management adjustments of 0.138bn.
Thus PBT under 2bn. Prudence adjustment.
Dividend yield currently 0.60/8.18 = 7.33%
And cheaper buyback
Interesting times!
Forecasted fall in interest won’t come as any surprise
Good day to buy 520million shares probably need approval
The forcasted profit call for 2024 being a fall due to interest rate’s declining is the bigger worry
The market didn't like the earnings miss. Well, they have a 3 year plan. GLTA
At 1.9B earnigs on low side
Woops I mean dividend of 60cents per share!
Total distribution of €1.15 billion, up from €350 million in 2022; €634 million proposed ordinary dividend (40% payout, equivalent to dividend per share of 60 cents) and €520 million additional distribution via approved share buyback;
Looks good -dividend equal to 40c per share...anyone know how the share buyback works given they are calling it an "additional distribution" ie is is simply a normal buyback or is this one different?
Here's to positive results, SP andchat today.
GLA.
Narcissist
Cuckoo,
you better make an appointment with Specsavers.
I posted predictions on morning of 20 feb. Goodbody comments came out on 22 Feb.
The Narcissist.
JH your PBT IS 2.15 billion
Goodbody PBT IS 2.15 billion whose copying who
My PTP of €2.3B is looking a bit short now, happy to wrong all the same. Can’t imagine the boys and girls in Davy’s / Goodbody’s haven’t been given a steer by their respective owners?
Tick….Tick….
GLA
Surprised JH aka narcissist hasn’t reviewed his prediction of €175million in buybacks considering the experts are predicting €1billion
Sunday Times is predicting €1.3B in dividends/buybacks from BOI and €1.4B from AIB. Traders could probably sell some BOI tomorrow and load up on AIB for a quick profit. I hold both stocks for the long term but I think AIB probably has a slightly better upside in the near term.
Any last minute predictions ?