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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 ?
Big Bully John drove me away
I will from here on reger to you as Bully Boy John
Why?
Donkey,
with Donkeys being bullied since the birth of Jesus C , you should be accustomed to it by now.
Rainman
Thanks John Hume
7,514,307 bought back to 21 march incl with o/s shareholding now standing at 1,049,350,305.
Thank you silverhorse. I agree
I am sure someone has the exact figure, but from causal observation they would appear to be buying approximately 500,000 shares per day and have been since 28/02/24, so I would say 15days gives 7.5M shares? Long way to go yet…..
GLA
Hi all,
Is anyone tracking the buyback progress? I wonder how far into they are?
Cheers.
Thanks silver. I'm a buyer now.
Sinn fein govt to save the day silerhorse?
Stuck at 9euros, strong sell. FG need to get votes so its will tax the hell out of the banks, so profits will fall big time
You have not made a loss ! Yet ! If you hold them there will be no loss ! Losses only happen if you sell - don’t sell - there is serious momentum in dividends and price ! I’ve read all your threads , you were very unlucky when you purchased and it has been a sobering ride , but on the flip side it possibly stopped you making bigger gambles !
I love the optimism on here. Yeah I might hold on for dividend. That would make up some of the loss.
Very unlucky Hop but with the dividends of this year and last if you hold out another short while you will be cash positive . Feb 2014 was about the worst time to buy ( isn’t it always ) as it dropped like a stone soon after . But the fundamentals are clear higher for longer interest rates benefit this stock greatly . Next two years the 1.20 dividend ( and there is likely to be another 29-30 cent distribution in August this year ) plus it looks like those 1.5 to 2 billion profiles hold through 2026 when the tightening cycle finally takes the gloss off ! Hold on
Hope,
You obviously know your own business best, but a 20% rise from here to achieve your break even is surely doable? I think we will be above €10 by the summer.
GLA
€10.80
Interesting article in the Guardian a couple of weeks ago saying that many companies on the LSE felt undervalued.
Could it be that the same interest rates that are driving our profits are also contributing to a lack of inward investment in equities,why take a risk when you can get a guaranteed interest return?
Hope,
What’s your break even?
GLA
Of this reaches 9.30 I'm out with a loss, in it just over 10yrs, thinking it might do well. Before ye comment. Bought on 25th Feb 2014. Rolled the dice and lost. Would love to see 10.80, nearly got there but alas not to be.