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Again see what the PSTB policy towards dividends gets its investors…..
Growth and dividends drive the SP…..not pious BS.
GLA
Joeoh,
going on the current scale of buy backs it would appear the 520mill will be brought down by time H12024 results are brought out end of July. IMO The chief issue at that time, besides the extent of the PBT figure, will be if the balance of the 10% share buy back approved at last agm goes ahead. The deadline date is late december 2024 and would leave time for buy back to be completed by then assuming current scale of buy back is continued. This would result in share issue being reduced to c 940/950 mill and guarantee a 10 sp.
If AIB results strong tomorrow BIRG will also benefit. If large scale share buy back proposed could this be linked to reduction of State shareholding.
Steady as she goes?
The plan appears to spend €5M a day on buybacks. I suppose this allows for the best bang for buck on the buybacks, but it’s not really going to move the dial with the SP.
GLA
Hi Silverhorse...you are usually on the ball with your gut feeling approach. Is 4 euro your buy back price? regards and thank you fir taking time to consider my query.
Don't believe all you read . received email from Simply wall street" saying BIRG shareholding being substantially diluted.
emailed BOI Investor relations who confirm other s/h in touch about this Investor relations already in touch SWS who apologise for the error.
I expect investor relations will also be in touch with the Donkey concerning misrepresentation.
I feel this will fall around 7.40euros even lower inside a week or less. The buyback is great BUT blackrock is selling so NO support, Ask yourself is it worth holding for a dividend looks good 60cent now but when the share price is 6euros whats the point. Goodluck all. waiting now for the next market crash it will come for certain , target here 4euros
All. I will be running a Q&A on friday 8pm to 9pn. All questions open re BOI shares or my background or general chit chat. Regards
Doomster,
surely you are not surprised. You came on board, lavishing your praise on BIRG and, as posted,that was the death knell of BIRG.
you are well aware of your negative correlation with the market.when you are up the market gone in direct opposite direction.
Johnhume said 27/6/23:
"very confident will see €11 by y/e or early new year."
In yesterday’s Business Post interview Myles O Grady said as much, ECB rates gone up by 4.5%, but BOI rates only up by 1.75%. Drops in the ECB rates are not going to be mirrored by BOI as they did not follow them up.
GLA
Agree - this return to very low rates is going to be slower than the market has anticipated
Or at todays price -8.30 less 60 cent dividend this year ( and almost certain minimum same next year - as that is guidance for 2024 ) so that’s 7.10 less 6-10% share buyback ! That we will have a company making 2 billion at a PE of about 3-1. !! Insane but true
Following my gut as well and ignoring brokers and their bs.
I was only dreaming of a life without share buybacks and a dividend of €1.10…….
GLA
I would hate to be any amateur who sold yesterday,
Good thing nobody pays any attention to you
Theres a chance this might go up first thing in the morning 8.33euros i would get out if i was you johnhume, it will sink after!!!!!!!!!!!!
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.
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.