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Started: marmar, 14 Jun 2024 15:39
Last post: johnhume, 17 Jun 2024 17:32
" major economies are swimming in debt ". You make it sound the swimming started yesterday but has been around for a long time.
Noo..I don't want to go to bed. You are not boss of me. I am hungry
What a plonker you are, friend of donkey or another alias
Marma thanks for all the good news
The crash has already started and will pick up momentum as time goes by. Major economies are swimming in debt.
Assets will have to reset.
30% correction coming in a prolonged drag down.
Last post: playingcards, 17 Jun 2024 14:11
I am considered tall, dark and handsome. Yes few grey hairs from this share but I get 'you look like james bond' compliments still.
And tall
I’m actually quite slim
And a thick little man:))))
Funny little man jealousy is for people like you
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.
Last post: StickyToffeePudd, 13 Jun 2024 21:26
Dividend finally arrived today in my UK based Hargreaves Lansdown share trading account
Delighted with my dividend, but it will take a few more good dividends to make up for all the missed years.
Started: playingcards, 12 Jun 2024 05:29
Last post: ETF__investor, 12 Jun 2024 11:09
Don't worry about it normally takes a couple of days to show up. Mine hasn't arrived either if that makes you feel better .
Good luck
I never got my dividend
Started: Kenq2020, 11 Jun 2024 13:38
Last post: playingcards, 11 Jun 2024 16:25
Thanks silverhorse. I have sold all based on your recommendation. Regards
Thats why i sold out around 8euros - it always falls big time, i did not think it would go over 10euros again, 9euros is a fair price at the moment, SELL
Great to see the market reacting to our buybacks, God only knows what our SP would be today without them……
(Or I could be getting another €0.50 in my account).
Whinge over.
GLA
Blackrock topping up, always a great sign for the future!
Surprised share price has gone down though, between BOI share buyback, Blackrock topup and I assume investors reinvesting their divided in BOI you would think the only way is up today....
GLA
Last post: johnhume, 11 Jun 2024 13:45
Appears BIRG don't keep an up to date figure for the above. on today's RNS s/h given as 1,029,076,182 whereas actual figure as on 10 June = 1,026,601,567 with buy back of 2,474,615 since 1 June.
Total buy back now 30,461,150 costing 294,111,124 at average of 9.655. Bal remaining = 225,888,876 likely to result in s/h issue of less than 1.005 billion at end of buy back.
Started: Joeoh33, 8 Jun 2024 16:05
Last post: cooking, 10 Jun 2024 16:22
I wonder what time the whinging will start “I never got my dividend “ I’m with Degiro bla bla bla
Just tuning in to early election results coverage and the SF wave is looking more like a ripple, coupled with lukewarm interest rate reductions and a decent performance from both the government finances and the overall economy, I am starting to feel a bit more sanguine about our good old FKIR!
GLA
Started: Joeoh33, 29 May 2024 22:12
Last post: playingcards, 7 Jun 2024 19:45
Nobody cares what you say john hume...sticks and stones ......
Won’t be long now and ye will be able to vote
People like gg and JH are running the ground into the world ha ha ha ha ha
Petition to remove bullies John Hume and GreenGrass
I support Cooking against John Hume and GreenGrass who are bullies.
Started: cooking, 7 Jun 2024 19:30
Last post: cooking, 7 Jun 2024 19:30
“Greatness never refers to it’s own achievements it leaves it to others “
Is that why we all know what you hold in birg,AIB and Ryanair and why you’re going to buy more of Ryanair at €17 and Birg at 19.80
Greatness indeed
Started: Observe1, 29 May 2024 11:38
Last post: Observe1, 29 May 2024 11:38
Great summery JH. Appreciate the effort.
Still a big number to go to reach a billion in outstanding shares. Price will remain elevated until the tail end is reached.
Started: ashton, 17 May 2024 16:37
Last post: StickyToffeePudd, 27 May 2024 15:35
Good news to hear that Sinn Fein are in trouble. We don't want those lunatics running the country!
I wonder if Simon is thinking of doing a Rishi and calling a summer election after the locals? I suppose it depends on those but it didn’t stop Rishi and SF are in about of a trouble with their messaging atm. A return of FG/FF and independants would be a solid result for the Irish banks, especially AIB.
Enjoy your 11,259
Nurse
Lame
Last post: cooking, 23 May 2024 14:44
Also Jon Jon when dealing in 520,000,000 )100 is irrelevant
Lansdowne place that’s something you created in your head while walking around in circles. Can’t ever remember purchasing a property at that address
Cuckoo,
you would be surprised how these decimal points ADD up to being the equivalent of a substantial number of shares in a bag of 520million.
Had a very enjoyable walk from your pad in Lansdowne Place in Ballsbridge to the RDS this morning.
Would strongly recommend you take a walk yourself as you REALLY need to get away from that rear view mirror and screen for a few hours. Do wonders for your mind. Maybe a flight to Cloud Cuckoo land would be more beneficial.
Whichever you do just ensure happiness keeps radiating from your over worked fingers.
I find you so pathetic including the .03cent to get a differential of a few. Euro
You need to go for a walk
“Looks like they could hide behind the ongoing buys back”
100 percents Jon your absolutely FOS
Started: cooking, 23 May 2024 12:38
Last post: cooking, 23 May 2024 12:38
Well grasshopper I hope you took the advice and treated yourself to a quarter pound of your favourites.
By the way of all the shareholders who are holding on you were the only one who needed advice to do so.
If you haven’t sold I presume you never thought much of the advice in the first place. At least you got congratulations from Jon Jon that must mean a lot
Started: Kenq2020, 22 May 2024 11:42
Last post: ETF__investor, 22 May 2024 20:02
Yeah up everyday by a small bit plus the added bonus of reading John H and cooking on this forum 😂
Nice to see how quickly the SP has recovered the dividend drop - capital appreciation and dividends, what's not to like?
Financial Times have updated their analysts forecasts: €12 average, with a high of €14.60.
GLA.
Started: cooking, 17 May 2024 18:51
Last post: johnhume, 17 May 2024 19:07
"not a very productive use of time jon "
are you referring to yourself or gg ?
as regards the cabbage sarcasm YOU are the one who raised the question " if cabbage costs €1 how many can be bought for €20" . You asked the question and my response is logical - unless the sarcasm is emanating from yourself. fair comment !
GG @9.99 “ I am outta here Bon voyage” 8/4/24
29/4//4 “ you reckon they will give a heads up on the 480 tomorrow Jon Jon . It should negate the ex dividend effect if it’s positive “
12/4 “Have you one zero too many on your buy back still available Jon?”
Please stop embarrassing yourself
Ignore the SP shown on this site, current SP €10.165. Off 0.04%
What’s this near 4% drop about
Started: cooking, 1 May 2024 09:20
Last post: Greengrass53, 13 May 2024 07:05
Sorry meant marbella 😉
His 'what' is in Estepona, cooking, did you leave out a word 😉
Oh I would love that
I am in Estepona and could meet up too?
Cloud cuckoo land suits me fine ! We must meet up the next time your in Marbella I’m around San Pedro area . I promise I’ll be nice ( a funny day indeed)
Started: NewDayToday, 10 May 2024 10:08
Last post: cooking, 10 May 2024 15:27
Can someone who knows Jon Jon really well have a word with him and ask can he stop running around with his pants down around his ankles
Only john can answer those taxing questions
That ship has sailed NDT. IMO I think we will see a r8se over the next few weeks that will match yesterday's drop/divi but not guaranteed.
GLA.
You are.
Hi Kenq2020. Sorry to sound a bit daft, but am I right in thinking if you buy today, you won’t eligible for the divi? Thanks.
Started: Howth, 30 Apr 2024 11:30
Last post: cooking, 7 May 2024 21:38
GG His masters voice
€0.60 pre tax, payable 11th June
Ex Div 9th May
When do you need to be holding shares to qualify for dividend, how much per share, when do they payout. Asking because the current price is so close to 25 Feb 2014 price. And I want to make a decision, should I stay or go now...
Not all specific to BIRG - most of the Euro bank stocks are well up today.
That said, both of the main Irish banks have got some good recommendations recently from US analysts
Started: Joeoh33, 6 May 2024 20:49
Last post: cooking, 7 May 2024 15:59
I’d say lickass and Johnny no shares are long gone
Any1 know who funds this site? It’s presumably an ad model? I have been getting a lot of pop ups recently so put ad blocking on, now it’s not much better but a whining please don’t block our ads is popping up!
Started: Howth, 30 Apr 2024 11:50
Last post: joxer22, 30 Apr 2024 12:02
In some cases dividends can really work out well e.g. for a pensioner whose income is under the tax threshold there may be no tax liability or else tax at the lowest rate. Not so good for those in the higher tax brackets.
Thanks Joxer . That makes it even less attractive.
AIB report on thursday.
Started: Howth, 30 Apr 2024 10:38
Last post: joxer22, 30 Apr 2024 10:54
Davy seem to hint at that possibility when commenting on the strong capital performance - "Post Q1, there is either upside risk to this forecast, or to distributions"
Howth,
my reading of this is the 2024 interim dividend to be paid in 2025. 2023 results released in February 2024 The 2023 f/y figs referred to "Group expects 2024 distribution to comprise combination of ord div and share buy backs with interim div to commence."
"We remain on track to deliver our committed financial targets, including the commencement of interim distributions this year"
Does this mean we can expect an interim Dividend?
Started: joxer22, 23 Apr 2024 11:13
Last post: johnhume, 30 Apr 2024 10:51
I suppose as the resolution approving the 1Bn share buy back confirmed the end of december 2024 as the completion date the buy back should be completed by then. T and C of approval may mean it's execution is at BOD discretion.
2 negatives from BIRG statement ;
cost to income ratio gone out from 42 to 45%.
NPE exposure increased from 3.1 to 3.2%
would not be surprised if buy back balance of 480mill deferred to issue of results in 2/25. hopefully I am wrong and delivered with H1 24 end of July.
anybody going to AGM and raise the buy back balance issue.
MIM meant NII . Best correct before Jon Jon smacks my bum
An optimist would say that’s a drop from a 6% reduction to a 3% reduction
The upgrade in NII (although not that significant) is still good news - BIRG tend to be conservative in guidance so their updates/outlook are fairly trustworthy - looks like everything is "steady as she goes" at present