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Jon Jon your the guy who can’t read between the lines Is that why your so keen for me to read between them for you
"they have approval to buy back 1 bill by year end"
"they have committed to buying back 520mill by year end."
You dont have to prove to the Board once AGAIN you have a Doctorate in Pedantry. We are well aware of this.
What the Board is really interested in is whether or not the BOD will proceed with the buy back of the 480mill balance when announcing H1 24 results. This announcement will be awaited with as much interest as the PBT figure.
Any possibility you might give us your H1 PBT prediction before results are announceed - even a "reading between the lines " figure will suffice.
You will have a field day "reading between the lines" following the Q1 interim statement next tuesday. Look forward to your comments.
Hopefully , you will stick to 1 line pedantic cynicism henceforth as you are posting to your strength.
JH, Tks for that.
Joxer22 posted the revised Davy PT of €14.60. Suspect I will have cashed out long before that price is achieved.
GLTA
Hopefully yourself and grass will be long gone by then considering your shares closed at €10.32😂
They have approval to buy back 1b by year end
They have committed to buying back 520m by year end
For now the rest is garbage talk
Ashton,
to clarify, the balance relates to 480 mill. they have confirmed the 520mill buy back which will be be concluded in 24 1 way or the other. I am hoping this will be concluded by time of h1 24 results , hoping they will announce with those results the completion of the 1 billion buy back for which they have secured approval.
Ashton,
while the BOD of BIRG secured approval to a 1bill buy back expiring in december 24 the balance of the buy back is at the discretion of the Board.As AIB have approved a 1 billion buy back and are proceeding with this through a similar reduction in the state ownership I am hopeful that BIRG will follow suit when publishing the H1 24 results at end of july.
Cuckoo,
As you are aware all corporate bodies to maximise profits tend to concentrate on their core activities.With your Doctorate in Pedantry and Cynicism you should concentrate on your 1 line pedantic cynicism.
As the q1 interim mgt statement on the 30 april will be short on specifics you will be given ample opportunity to " read between the lines".
Some of the questions on here today you wouldn’t get them in junior infants
€10.12 at close today
I guess gg and yourself are sellers @ €10.62 let’s hope it hits that really soon
The taxi is on me
JH, What happens if they haven't spent the balance of €352M by the end of July. Does the bank need to hold an EGM to renew the "Buy Back"?
GG,
is that a serious question to Kenq ? €167,947,646 spent as of 25 April with a balance of €352,052,354 to be spent which means daily buy back rate needs increasing to complete 520 mill spend by time of H1 results end of July. Share buy back totals 18,210,535 as on 25 April.
Q1 Interim mgt statement on 30 April which could be interesting especially to "reading between the lines " followers.
SP around 10.14 late afternoon but appears to finish with 10.32 at 17.57.
might see your €10.12 plus 50c with a little luck next week.
Kenq2020, how far are we thru the buybacks, do you know?
Bit of a reaction to Bankinter
From what I have seen, all forecasts have a 15-50% uplift, there's a solid dividend due to be locked in over the next few days and lots of buybacks still to take place. The only way is up! GLA
I wonder who owns Davy’s…….
GLA
I see that Davy have lowered their target price for BIRG to €14.60 (they had a target of €16.20). Their old target was way above other analysts covering the stock and their new price still seems very optimistic at almost 50% over the current SP.
Looks like some momentum on BIRG now - will be interesting to see if the gains hold through ex-dividend
Observe,
I hear what you are saying and do not expect 24 profits to exceed 23. Commercial Property was hit in last quarter of 23 and feel this has further to fall. Question is what is the Banks exposure here - I recall reading in 1 of their statements their exposure was 60% to value which serves as a cushion.
The catalyst for BIRG will be if they announce a further buy back of 480mill ( bal of 1 bill announced at 22 agm) with the H1 24 results which would result in s/holding base being reduced to c 955/960 mill. Adopting today's makt cap of 10.6bill gives a SP of over €11. would also like to see a PBT fig of 1bn plus with H1 results which would u/pin sp.
Kenq,
simply means shareholder base reduced by c.16.5mill in 2024 through share buy backs.
Cuckoo,
" EVERYTHING when you equate COULD with DEFINITELY." Would you mind explaining what "reading between the lines" applies here. To me your statement could not be more explicit. It IS what it STATES and does not require referencing a dictionary or googling it UNLESS YOU ARE VERY BACKWARD.
You appear to have reached a stage when you are not looking into the rear view mirror you are reading between the lines.I have repeatedly posted that overlooking into the rear view mirror not good for one's state of mind !
" .. ....else here betting on no rate reduction in June " NOBODY has posted here there shall be no rate reduction.in June so why the gambling invitation ? While the odds COULD favour the scissors being applied in June ,with 6.5 weeks to go before June decision date I would be cautious about placing bets. If your gamble reaches too many ears in your influential IC circle you might see a little run on the Euro in f/x markets which in itself might scuttle your little foray into the gambling market.
A possible saving grace for you would be to encourage your IC influential mates " to read between the lines " which might result in a less severe run on the euro.
Can someone explain to my simple brain what the voting rights RNS means, has something changed? Thanks.
Cooking or Cuckoo as JH calls him has always been something of an oddball! Never did know if he was Arthur or Martha!
You should relax Cooking, let the intellectuals do the driving and you sit back and enjoy the ride. Stop kicking above your weight! You have never known when to take your chips of the table and when the SP blows cold you get into a right mess. If your average holdings price is above E10, take your chips off the table and go light a candle to the bank who came to the rescue with this share buyback. No one wants to listen to your whining post share buyback!
“It says EVERYTHING “
Now if you could read between the lines you would know exactly what I was saying Jon Jon
Take your time and work it out
Using a lot of capital letters lately johnny. That’s a bad sign
I’ll upgrade that to 100 percents(as JH says)
Anybody else on here betting no ECB rate reduction in June
Throw away that shovel quickly, cookie. That hole you're in is of ample sufficiency. 😂