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Cuckoo,
appear to be going around the world,even allowing for reading between the lines.
BIRG have upgraded NII from 3.43/3.47Bn,per 26/2/24 statement, to 3.53/3.54Bn yesterday due to higher interest rate relative to prior assumptions ( 0.25bps).
Lets see what AIB IMS brings to the table tomorrow.
NII was €3.7 billion in 23
Assuming a 6% dtop in 2024 less €222million
Assuming a 3% drop in 2024 less €111million
That’s an extra €111million in 24 nii while still allowing for 4 quarter point cuts in rates
I hold all my shares in a ISA, are the dividends taxed before they enter the wrapper
In some cases dividends can really work out well e.g. for a pensioner whose income is under the tax threshold there may be no tax liability or else tax at the lowest rate. Not so good for those in the higher tax brackets.
Dividend tax is not capital gains it is income and subject to 25% tax. IMO DYOR
Thanks Joxer . That makes it even less attractive.
Dividends are taxed as income, not capital gains, so it won't be the 33% rate. The actual tax will depend on your overall income tax situation.
To take advantage of ex dividend date, Would it be worth investing say €20k in shares now at approx €10per share .That's 2000 shares × .60 dividend =€1200. Deduct approx 2% for fees and stampduty €240 leaves €960.
Then pay 33% capital gains leaves €640 return. Plus risk of sp dropping. Am I missing anything?
AIB report on thursday.
Davy seem to hint at that possibility when commenting on the strong capital performance - "Post Q1, there is either upside risk to this forecast, or to distributions"
I suppose as the resolution approving the 1Bn share buy back confirmed the end of december 2024 as the completion date the buy back should be completed by then. T and C of approval may mean it's execution is at BOD discretion.
Howth,
my reading of this is the 2024 interim dividend to be paid in 2025. 2023 results released in February 2024 The 2023 f/y figs referred to "Group expects 2024 distribution to comprise combination of ord div and share buy backs with interim div to commence."
2 negatives from BIRG statement ;
cost to income ratio gone out from 42 to 45%.
NPE exposure increased from 3.1 to 3.2%
would not be surprised if buy back balance of 480mill deferred to issue of results in 2/25. hopefully I am wrong and delivered with H1 24 end of July.
anybody going to AGM and raise the buy back balance issue.
"We remain on track to deliver our committed financial targets, including the commencement of interim distributions this year"
Does this mean we can expect an interim Dividend?
MIM meant NII . Best correct before Jon Jon smacks my bum
An optimist would say that’s a drop from a 6% reduction to a 3% reduction
The upgrade in NII (although not that significant) is still good news - BIRG tend to be conservative in guidance so their updates/outlook are fairly trustworthy - looks like everything is "steady as she goes" at present
NIM expected to fall 3/4% down from 5/6%
Strong first quarter lifted NIM guidance
GG,
BOD have approval to sell 1Bn value of shares ,approval expiring towards end of December 24.
The buy back of the balance could be raised at the AGM on 23 May - may not be raised by the BOD ( they have approval already ) but could be raised by a question from the floor. As less than half the 520mill buy back will not be completed by AGM date BOD may be inclined to push this out until release of H1 figs at end of July.. an early announcement could result in less shares being bought back as sp could push ahead.
Forget about the dividend SELL
This is a very strong sell over 10 euros
Another stupid question god help you
I’d say that kind of announcement would be covered at the AGM
Reading between the lines
You reckon they will give a heads up on the 480 tomorrow, John, it should negate the ex div effect if it's positive.
bankinter = ole version of revolut. no mention of current account or branches? i have had a great experience with digital banks (revolut) for fx exchange and a better version of go henry and a **** poor experience with them again revolut! for missed loan payments and a 4 month wait to speak to an actual person, again had to involve the banking ombudsman!
so not wetting myself just yet,
gla.