Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. 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.
5% drop today, equivalent to all the money we are to spend on share BB scheme.
Is there news about that is causing this pullback?
GLA
yes, the **** is out of the pot again today. i wonder what new drama is causing it!
gla
I’d be more concerned about the share price going down
Bank of Ireland seem to have a fundamental problem with their banking 365 online service. The service seems to go down on almost a weekly basis. It's down again today so there are obviously some major IT issues they need to address.
Joe,
I rang their trading desk yesterday and was told that the dividend would be credited today, as you say ridiculous!
GLA
Does anyone else think its a bit ridiculous that Goodbody take 10 working days to pay our dividend? You might of got away with that 20 years ago but not in this day and age.
I wonder how many ex dividend dates they can hit in that 10 day period.............
Sobered up yet small man.. uve missed a few hrs haha!!!
Wrong
100% john
Rubbish
" major economies are swimming in debt ". You make it sound the swimming started yesterday but has been around for a long time.
I am considered tall, dark and handsome. Yes few grey hairs from this share but I get 'you look like james bond' compliments still.
Joeoh,
return generally publicised is the div yield which is used to conveniently compare yields of competitors in same industry/sector and also with other sectors.of interest to investors concentrating on income return rather than capital appreciation.
I suppose you can only measure the buy back return in hypothetical terms as no income is transferred to the investor.As already posted the 520mill equates to 49/50c per share. So div and bb = 110c and you can apply this to your PAT figure ( 1.57ps) or to your sp. However as current bb is a once off event it is not really relevent in calculating returns - it is a once off capital redistribution.
John,
I suppose I am talking about the overall return to shareholders as a proportion of the PAT, I view both dividends and buybacks in this category, is that not the case? I seem to remember the company having a similar view?
GLA
Joeoh,
%age return of what ?
Div = 60c - PBT FIGURE = 1.9 BILLION = 1.85 per share assuming today's s/h of 1.025billion .%age return = 32.4%
PAT say 1.615billion. = 1.57 per share ; 38.2%.BIRG have stated %age return to be 40% which gives PAT = 1.5Bn.
Div yield depends on prevailing SP.' 10.5 SP = 5.7%. 9.53 = 6.3%.
buy back = 520mill equates to 50c per share assuming 1.025bn as of today or 49c per share assuming 1 jan holding of 1.057bill.total =60 + 50c but only 60c gross to your pocket.Additional 480mill buy back = 47.7 per share with completion of current buy back.
John,
If you have the figures to hand, what was BOI percentage return to shareholders for 2023? Including both dividends & buybacks? Thanks.
GLA
Samson,
no one can say profits will continue unabated .expectation now is that interest rate may drop to c 2.5% in 2025, possibly 2.25 or 2%. Fall in interest rate may encourage more economic activity and less provision for bad debts.A 200million less provision for bad debts will compensate for sizeable interest rate fall. If BIRG adopted the same bad debt provision in 2023 as they adopted in 2022 the 23 PBT figure would have been 2.16 Billion ,and not 1.9billion, and a different picture would be painted today.
The BOD have c as AIB and BIRG onsistently stated a maximum pay out ratio of PAT 40% which has been approved by s/h at agm's so only means of increasing div going forward is increasing PAT or reducing s/h number. The current large buy back is a once off as AIB and BIRG have promised for last 18 months to return surplus capital which they are doing by way of buy back.Hopefully BIRG wll live up to it's promise and buy back the 480 million balance of 1 billion, as AIB have done. If they do shares in issue reduce to c 960 million.BIRG has has hit mkt cap of over 11 billion in last month or so which supports a sp of 11.70 assuming 960mill shares.
Funny little man jealousy is for people like you
John,
You assume that the bumper profits continue unabated?
What if there is falling off in profits, which leads to a reduction in SP. ( we have been buying our own shares when the SP and profits were supercharged?).
Give the shareholders the dividend and let us decide whether to buy more BOI shares or a boat?
For ease of calculation let’s say the share buybacks reduce shares in issue by 5% and so would have increased our €0.60 dividend to €0.63.
Forget the share buybacks and our dividend would have been €1.10, an 83.3% increase!
Also a bird in the hand and all that…..
GLA
Noo..I don't want to go to bed. You are not boss of me. I am hungry
Joeoh,
You cannot have beefy divs without beefy profits.Beefy profits generate beefy share prices which lead to .....
Both are interlinked and the less shares in existance the fatter the dividend. If you were the sole shareholder you would have secured a div of 634million this week.
Conclusion of current buy back will ensure a beefier div next year than would be otherwise. Should BIRG proceed with 480mill bal buy back div will be even more beefier.