Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
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?
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
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 ?
I will from here on reger to you as Bully Boy John
Donkey,
with Donkeys being bullied since the birth of Jesus C , you should be accustomed to it by now.
Ya and BIRG are down 1.4% over 12 months. After all the interest rate increases and nearly 2billion in profit.
Get over it you narcissist
Not to mention dividends
Joeoh,
PTSB have not paid a div since 2008 but that didn't prevent the SP hitting €3 less than 12 months ago.
Hi John Hume, are you buyer or seller
John,
I think it’s the fact that the boss of PTSB said that they won’t be paying dividends for another 2 years! 2026!
That’s a dividend policy that investors love…..
GLA
Joeoh,
any chance you might enlighten us on the PTSB dividend policy; They just announced they are resuming dividend payments which can ONLY be interpreted as good news for investors ,seeing a dividend not paid for some time. SP tumbled following results because it's pretax profits fell from 267mill in 22 to 79mill. in 23 - nothing whatsoever to do with payment or non payment of dividends. ffs BIRG announced an increase in profits from 1.1 Bn to 1.9Bn, an increase in Dividend from 21c to 60c and the SP FELL 10% !!! Do you not think that makes BS of your theory of growth and dividends driving the SP.
AIB include in their recent statement that 24 earnings shall be less than 23 - SP rises almost 5% on the day.
Just as there is more than 1 way to skin a cat, more than 1 way for bank/company to grow - increase sales/reduce costs/reduce no of noses in the trough. - first 2 increase earnings ,possibly dividends (other factors in play) and sp. 3 definitely increases sp.
Do you believe that BIRG will roll out the balance of their 1Bn share buy back following release of the H124 results ?
AIB have now indicated a 5Bn buy back programme over coming 3 years.No big deal and bound to happen as this happens to be the equivalent of the market value of the Government current stake in the Bank - give or take a few million. The end result will be c 1.5billion shares which would equate to c.€7.70 per share based on it's current mkt cap, ceteris paribus.
If BIRG roll out the balance of their 10% buy back end result will be c950 mill shares equating to c €10 per.share.
As BIRG and AIB have indicated declining revenues in 24 the catalyst for SP growth will be the share buy backs ,with any appreciating earnings being a bonus.