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Going back to following gut from now on - eventually it will fall just under 6euros thats what i feel. All thesess silly brokers saying 14euros 13 euros 12 euros, i was sucked in when it was 10euros my plan was to dump all over 10euros thank god i did sell alot 9.50euros. my buyback and dividend is holding it up skin on the teeth, but sorry i see it going down johnhume - thurday/friday bloody days
It was confirmed yesterday that 634mill being allocated as div payout in june. As this is a specific amount could it mean that this amount might be payable to say 30 million less shareholders (1.028bn or 61.6c per share. I do not see the SP falling by the full div amount ex div. You probably find the sp appreciates in the run up to the ex div date to reflect the div payment in following few weeks.
On looking at yesterday's rns it mentions approval given to buy back 10% of capital at last year's agm. interesting to see what today's buy back in tomorrow's rns.
Ryanair deliver results in coming weeks and profit expected in 1.85/1.95 Bn - identical to BIRG but valued at close to 21 Billion !
It really doesn't.... Markets are slow to react to what seems obvious to me... this reporting season we are witnessing the return of Euro banks stocks becoming popular solid investment choices (Birg is really yielding 13% when you consider bb and divi )... extra low interest rate periods are gone for the foreseeable and normal interest rates have returned... "IF" the ECB lowers rates this year it will be to around 3.5 by the end of the year Max IMO... This means another bumper year for the Euro Banks next year and the year after that most likely.
We could work it another way-After dividends the SP should go down 60 cent to 7.5 euro ,with a billion shares, a 7.5 bn company making 2bn profit.Doesn't add up.
18 mill savings.
Then Shen,
do you think that BIRG will apply the dividend savings in additional buy back. Last year their buy back averaged about 450,000 daily and with 60 odd trading days to the agm you could be looking at 30mill div savings.
The 60 cent dividend is still built into the current SP so birg will get that as well with the buy back.
The notion that the SP has peaked goes along with the thinking that the Bank is going to sit on their hands and not do anything.
Given Market cap of €8.6B a distribution of €1.15B is some 13.33%……in a year !
GLA
Surprised to see buy back commenced today. was 9 may last year and finished towards end of june.At least buying back when they are cheap.
Institutional manipulation....old valuation rules dont apply anymore.
Please note I will be unavailable from February 29th through March 1st
All, just because I sold please do not let it influence you. Seek independent financial advice and avoid following my judgement blindly. regards
Massive overreaction... screaming buy for someone looking to make a quick 10% and then sell. I'm not invested... have moved every cent into AI stocks otherwise I'd be in and out on this and happy with the quick return.
Still a lot of squabbling on the board... frustration that no-one is able to predict it perfectly. Have people forgotten that shares don't follow normal patterns?? Algorithms rule now... stop fighting and try and find good entry points and trade your shares... in and out on this one or else just hold and stop watching it constantly and tune back in a few months or years later... arguing who is right is pointless.... no one is right... that is the most obvious. Algorithms are designed to cause confusion in the market and encourage selling and then the buys fly in and up she goes... small fish will never move this one up or down... when you take a step back its so much clearer.
John Hume-iliated
What the hell is the point waiting for an 8% dividend only to see the SP drop by 13% in one day? Anyway on ex div day that 8% will be wiped off the SP also. Stop deflecting to RYA IAG etc. - this is the BIRG board and you called this very very wrong. Have some balls and admit you said "major boost to the sp".
Donkey,
If these hit 7.50 tomorrow even the donkeys in the stable would be mad not to buy-with a yield of 8%.
You should also bear in mind that PBT figures are easily manipulated for different purposes. If BIRG adopted the same reserve figure for 2023 as for 2022 their PBT figure would be 2.16 Billion and a very different tune would be sung today. Are they attempting to lighten "political" pressure ?
See the Doomster is in full voice today but the IQ aint improving. Now considers Ryanair a sideways company , very conveniently forgetting that they are the largest Airline in the world by market capitalisation with a market value in excess of the combined values of IAG-E JET-Air France-Lufthansa - all from a company started on greenfield site some 35 years ago. Once an idiot ,always an idiot.
Last Wednesday this share was 8.21 and nobody was that bothered
I’m with you on this , European and USA central banks likely to be slower than the market thought and when they do move it will be likely slower than expected ! This share is an easy buy at these prices , albeit a long buy . Buy for the 7% dividend ! It’s going to be making these profits in Ireland for next 10 to 15 years
Pretty sure i done the right thing selling out, when this falls big god help us, its was a bit painful selling when i was up so much on friday
Hi Uncle - I got it a bit wrong to best not pick on john hes 73 ! ex dividend date 11may so this will likely sink up until then - tomorrow could be bloodly 7.50euros - not buying just watching
Ok ! So somebody please explain to me how a company with 1.9 billion in profits and distribution of 1.15 billion is only worth 8 billion . Guiding 1.9 billion again this year ! In the real world this company is worth 12 euro a share minimum ! There is no domestic or international competitor and its market share is growing
Jeez. Another john hume recommendation down the drain, which I'm glad I dodged. Where is the "major boost to the sp" you were talking about a few days ago john ? Strong Sell.
So do not say I did not tell you !
A ridiculous over reaction . I suppose the short guys had to make something back after shorting NVDA . The fundamentals of BIRG and AIB as duopoly core Irish banks are sound.
I will just wait now for the next market crash - i expect some very interesting times ahead of the 2024 United States elections world events to test biden to do something stupit!
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