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i fear an American bank could come in and pick up this undervalued asset just before the euro rate starts to pickup it would be disastrous for some share holders here, if this happens as it improves its finances it just seems to drop SP. I am as frustrated and confused as the many investors here just looking at the national bank of Greece up 10 cents since January it defies logic
Whats your theory behind that? The bank is acquiring assets and looking to aquire more asset NOT selling! The new CEO knows the UK better than any banking CEO Why would she sell?
Its still making hundreds of millions every year , all banks in eu are suffering with ecb dovish tone , this will bounce unless we get another economic shock like brexit
I think this bank will be picked up for a song uk business sold off mayb some further asset stripping then sold off again as a smaller private bank
God grant me the senility to forget the people that I never liked anyway and the good fortune to run into those that I do, and the eyesight to tell the difference. Now that I am older, here's what I've discovered - I started out with nothing - and I still have all of it. My wild oats have turned into All Bran and Prunes - I have finally got my head together just as my body is falling apart. If all is not lost - where is it ? It is far easier to get older than it is to get wiser. I wish the buck still stopped here, because I could sure use a few. It is hard to make a comeback, when you haven't been anywhere. The only time that the world beats a path to my door these days is when I am in the bathroom. If God wanted me to touch my toes, he would have put them on my knees. When finally I am holding all the cards - why does everyone want to play chess? It's not hard to meet expenses, they're everywhere. The only difference between a rut and a grave is the depth. I spend a lot of time these days thinking about the hereafter - I go somewhere to get something and then wonder - "what am I here after" Don't remember if I have told you this before. Good luck all - lovely day here so I'm off to smash some tees - amazing how far the ball goes when you see Arlene's face on it. Somebody said yesterday that if Arlene succeeds, "Ballymena will look like Hollywood" with all the new buildings roads and parks.
What has happened with this share is a disgrace and no one with responsibility for policing the market gives a damn. Its as if they are all looking after themselves and stuffing their pockets and then stuffing their faces with caviar and wine at the expense of the bank, the people of the nation who deal with it and the shareholders with the exception of those who are making big time form this. Forget your Stephen Donnelly's and the like, they will do nothing because its away beyond their comprehension. However learn your lesson and for the future be well aware that this is no place for small investors. Be further aware that it may well be years if not decades before those in control will let and will want this to reach its fair value. This is some farce.
.. did anyone notice the interest rate hike of 0.25% by the fed today.. i have seen some banks like bbva in US raise their prime rate.. good for boi.. that is a jump of 1/2 of 1% this year..
.. interesting .. does blackrock short to goldman or is it the other way.. clearly it seems the govt is worried about this situation.. it never happened while Ross was a major shareholder..
Bozi? BoI of course, sorry, Idiot spell, just like brokers!
Dividend here due, Bozi a much better funded Bank, a 30% undervalued SP, 70% of shares not at the vagaries of politicians, and someone would actually consider the alternative, buying AIB! It's a crazy world ok, but hey, not completely crazy! This is a bargain.
Ranger..he should re-release that warning
Welshboy if you are asking that question u have no business buying bank shares as u obviously didnt do any research when you bought them? When did u buy them?? http://m.independent.ie/business/irish/michael-noonan-dont-buy-aib-shares-theyre-overvalued-30750814.html
No reply Reminds how things where 50 yrs back hard to believe nothing has changed But grateful to you (Congemi) for making effort G L A
Can someone explain in simple terms please I have share in bank of Ireland and AIB with all new about AIB releasing new shares will this do anything to my existing AIB shares Or new shares being released be a separate issue I e no price change in my shares
This FKIR is starting to look attractive at this range. AIB will be a good buy - when it hits Euro 2.90
last Tuesday.No Reply Dear Mr.Donnelly, I am very concerned about the future relisting of AIB and the valuation of €12 billion.The valuation makes no sense compared to the valuation of Bank of Ireland which as of today is just above €7 Billion.I'm very worried that Irish pension funds will pile into AIB at an inflated price and Goldman Sachs and Blackrock will short it from the beginning. It is my opinion that BOI is strategically the better bank and is only 14% owned by the Irish state as opposed to AIB which will be 75% owned for the foreseeable future.As a businessman you do know that large investors do not like to invest in state owned companies. Stephen if they do get it off with the said valuation I think it will be a complete disaster for Irish Pension Funds. Thanking you, Sincerely,
I love the great reports from the markets that the demand for AIB shares is huge and that the 25% is already gone. What they haven't mentioned is at what price. there's 20% difference between the top and bottom of the range and I'll bet the offers are glued to the €3.90 end. With only 10% of of the 25% been sold to the public it's an institutional free for all. In the end 30% of the bank will be sold for just over €4. Only then will BKIR be let cross 25c. In two weeks time the 30% will be free to trade by the public and in they will jump, suckered into thinking that the low range end price means there a bargain to be had. Well there is, but they will be on the wrong horse.
Agree !
The past couple of months has been an eye opener in terms of manipulation and non compliance by the bookmakers and appointed players to the AIB IPO. Totally condoned by the Central Bank and the ISE, both of who have been approached on numerous occasions. The proposed pricing for AIB leaves it still leaves it significantly overpriced relative to BKIR. The exercise will be to obtain Irish institutional takeoff for no better reason that demand from elsewhere will be very, very low due to the valuation of the IPO relative to its peers. They will be the ultimate suckers, left holding an overpriced security. Have you noticed the complete drop in volume traded in BKIR since the pricing range on AIB came out. It is now in a closed period and therefore the deletions, false selling and manipulation has to stop....at least till AIB is floated.
Big volume
.. unfortunately boi has been a penny stock.. trading in the pink sheets.. hopefully with a different stock symbol .. the reverse stock split.. these UT trades can be cut out.. it will no longer be a penny stock.. easier to regulate.. when Ross was a major shareholder this was not happening.. the only way to cure this problem is with heavy fines .. penalties. .. a trade prohibition..
Why would these people not buy an underpriced better entity in favour of an overpriced inferior bank? I'm boggled!
I would guess Irish pension funds.
Aib a good stock to short in the short term. Boi less impaired loans, higher level provided for. Both banks probably a good bet longterm. Boi performance at the moment miserable. Thank god CEO moving on.
My rational for investing in BOI was that it was a proxy bet on the Irish economy that had been heavily hit during the global recession. That rational seems to be challenged as of late with very little correlation between improvements in the Irish economy and the share price. As a long term share holder I believe that ultimately this share will come good, with dividends ultimately settling the debate. Longer term however I see fintech as the greatest existential risk for banking in general and BOI in specific. BOI has always lagged the curve in its adoption of technology and its ability to deliver IT projects at scale. Small, mobile-first banking operations, companies like N26 and Revolut, are going to continually eat way at the profit margins of the established banking players. How this will playout is up for debate, which is why I raise it here. But suffice it to say that it wont be possible to apply a Rip van Winkle investment strategy with this stock: http://www.irishtimes.com/business/financial-services/revolut-targets-irish-business-customers-with-low-cost-current-account-1.3117785 http://www.irishtimes.com/business/technology/mobile-first-banking-takes-off-in-ireland-with-10-000-customers-for-n26-1.2977976