Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Looks like Bank of Ireland IT systems are playing up again - online banking outages again this morning.
They seem to keep having major IT issues even after the huge investments of the past few years.
Bank of America upgrade?
GLA
BIRG P/E per Market Screener = 6.62. AIB = 6.2929 per Davy.
AIB SP on 20/3 immediately prior to going ex div was 4.69 and now 4.95. Is promise of 1 Bn buy back taking effect.
Did they buy shares?
Good to see a major holder increasing their position even if just slightly.
What are comparable PEs
AIB Mkt Cap = 13 Bn plus. BIRG Mkt Cap = 10Bn.
cannot recall such a large differential in prior years.
Looks like normal service resumed yesterday on share buy backs.
AIB have blown through their 12 month peak,trading at 4.88 this morning. Should go ex div more often.
Johnny, if you read the RNS correctly it states 28/4 not yesterday. You made a similar mistake last Friday .
Share buy back reducing dramatically with just 799k bought back in last 5 trading days and just 50k yesterday.
the larger the buy back the more secure is future div with div distribution being allocated to smaller s/holding.
I’d think it wise to keep the dividend at a rate that still leaves room for a downturn in interest rates ( and bank income ) so they don’t have to decrease dividend in the future , just stop the buybacks . Irish households have currently 160 billion euro now in bank savings with over 60% of that in overnight demand ( earning no money ) the two largest banks making a fortune on this money and unlikely to change ! This is a great buy
The price has been increasing since reaching its lowest point after the results. It has now risen by more than the dividend amount. Are buybacks the only reason for this?
I hate to be a broken record…..is there anything to be said for increasing the dividend and binning these buybacks!
I’d imagine yesterdays will be reported next trading day Tuesday
No share buy back yesterday ?? - yet sp hit 9.52 !
A lot of buying going on today?
Doesn't seem like it but not complaining :-)
Not sure buying less is keeping sp lower
Kenq,
possibly. At last AGM BIRG approved a 10% share buy back costing c 1Bn to be completed by 24 Dec 24. AIB proposed the same buy back when releasing their results few weeks ago.BIRG proposed a 520mill buy back with their results on 26 Feb and I assume this would be completed by time of release of H1 24 results in July/Aug. with the share buy back balance of c 480mill to be announced when publishing H1 24 results . continuation of a daily 150,000 share buy back will not see completion of 520mill buy back by July so just wondering if a change in strategy being adopted. I hope not and maybe daily buy back of 500000 plus will resume.
Buying smaller daily volumes to keep SP down?
Appears to be big change in BIRG share buy back strategy. Why ?
Big Bully John drove me away
I will from here on reger to you as Bully Boy John
Why?
Donkey,
with Donkeys being bullied since the birth of Jesus C , you should be accustomed to it by now.