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Ha ha about the 666, not sure it's not an appropriate number for this monster! However the div. will be based on the new share listing, no adverse changes.
PGee, I'm really new to this but I thought we might get a payment of a Div End this year, however maybe next year. Will the reverse split will reduce the amount paid out on Div End due to reducing the overall number of shares available, would that be correct? Again I'm very new to this.
@PGee, many thanks, will be buying more, don't like the thought of owning 666 shares, not a great number.
If you choose to add another 10000 shares to your existing holding, after the 30 to 1 reverse split, you will have 1000 of the new shares of exactly the same value. Definitely the way forward.
Gentlemen in simple English. What does a reverse split mean if you have 20,000 shares in BOI? And are thinking of loading up with more.
After the vote passes the bank has to go to the courts to get legal permission to form the new company. probably mid summer before anything happens.
I'm sure you learned a lot from PatMcG's post as your head is up your own hole most of the time
As usual a one line useless comment from you cooked.... However, given that you pose an interesting interstellar question. My foot up your a55 would send you on a trajectory that you put you on the moon, twit.
but what planet do you think we're all living on
At a meeting to be held on 28th April 2017 at the Aviva Stadium (Lansdowne Road to you and me) a shareholder vote will be taken to: 1) Create a new Irish Incorporated holding company, Bank of Ireland Group plc (BOIG plc), which will become a 100% owner of BKIR. 2) Ordinary shareholders (that’s you and me again folks) will receive 1 unit of ordinary stock in BOIG for every 30 units of stock held in BKIR. So in effect, reverse split, I for 30, and an entirely Irish incorporated company from now on out. Good news. No more a penny stock. This should move things along. PatMc
and haven't shaved yet - 2CV I didn't say that the reflation effect would last long and with regard to property prices, whilst they are still not outstanding here - our second property will be in the paper tonight. Must go because it is our Catenian Provincial Tournament today so I must not keep the Rev gentlemen that I will be playing with waiting. Good luck all.
For shareholders when economies are re-flated, as Norman Tebbit used to say, is that companies have the chance to make a profit as they all raise their prices. Unfortunately with so many of them now being foreign owned the profits do not remain in this country only the wages and taxes of the employees. The profits are exported to goodness knows where and this is countenanced because of the risk of the unemployment that would result if these companies were to be bought or moved out of the country. Why did previous governments not re-invest in research and development, or where this takes place, encourage the development of new businesses to create employment instead of allowing so many businesses to become foreign owned like the semi conductor businesses which were so successful - until they were sold.. Nothing like a good rant is there.... At least my golf has improved following a swing change - if only it was the same for the economy. Good luck all.
I am pleased to find that when I fire off a few thoughts it at least causes a ripple on the pond which was also acknowledged by borninusa. There are certain basic facts evident in the economy which are soon going to be impossible to ignore no matter all the warm talk from our politicians. The plain fact is that the country has been living off asset sales both business's and property sales for far too long in order to help in balancing it's books. The days when this country manufactured things and made a profit from selling them seem also to be gone with only limited prospects for getting back into the game, whilst our power generation is still so inadequate. The French and Chinese are going to build a new generation of reactors, or was that the Japanese. If the Chinese reactors are as good as their trains which now lie abandoned Tanzania and other places in Africa God Help Us. The oil which has been so valuable to this country is running out and what is left is becoming increasingly expensive to bring ashore. I would feel much happier about the country's prospects now if the oil wealth had been used more constructively, perhaps to support some of the manufacturing industries or to retrain or re-skill all the workers who were sacrificed when their employment was destroyed in the seventy's and eighties in order that pension funds which had accumulated over the years could be "harvested legally", Phillip Green and Fred the shred were far from being the only ones who paid themselves undeserved dividends or just "borrowed" the money like Robert Maxwell. The fruits of this very short sighted
You pulled me up sometime back where I live you said was bubble and I gave what you said lots of thought after your many great posts over the yrs on this blog,well down here we are still in bubble but at this time I now take your latest post far more seriously and if gets to us it will ba serious for G B Share Price still crazy G L A
Good read on independent and also good read by torquay post ...
Well it took a while for the debate to kick off on AIB's SP but it had to come. The comments from the KBI guy are correct: The State is not going to pawn off an overvalued entity into Europe and the US, that they should/could have moved to a correct valuation over the past year. If they strong arm the Irish institutions into take a piece above NAV you can rest assured that there will be flipping in favor of BKIR, post IPO. The future of AIB is not magical and vs BoI I would put my money into BKIR any day. Big moves can still happen. Once the geniuses of the financial world realise they are holding a dud they have one of two options: Strong arm domestic institutions to take one for the boys or two pull BKIR up to a NAV on par with a further adjusted AIB NAV. That ratio trade is the question: 1:1 is achievable, 1.1:1 is a possibility in the Irish bank space. Anything above this no way. Not 100pc clear on the current valuations but I think a 1.1 NAV on BKIR puts it up around 0.25c. Nothing great but then that's where European banking is at the moment.
http://www.independent.ie/business/irish/state-may-take-lower-price-to-get-top-investors-to-buy-into-aib-35591080.html "But Noel O'Halloran, chief investment officer at KBI Global Investors said most European banks now trade at a discount. "There is no shortage of bank paper in Europe," he said and emphasised that Ireland is not "commanding a premium at the moment".
Now that is a rant - but it does not alter the fact that it is easier to attract investment when you have candidates for employment who want to work and have what my aunt you look for "GOOD COP ON" - some of our young citizens think that the word work is the worst form of four letter word unfortunately.
Excellent rant, expressed in so few words, however I don't see England rejoining the community any time soon - if separation takes place. The relationship has always been difficult for the UK because of their starting point in relation to the ten year economic cycle which oporates in Europe and the five year cycle previously maintained in the UK and the USA. The longer time span which is planned for and maintained by the main engines in Europe, France and Germany imposes a financial discipline which this country has proved it cannot accommodate. It is the governments responsibility to maintain the rate of growth within the economy and admittedly it has become better at it, with the invention of what the American's call "the service industry." QE has contributed to what they are pleased to describe as "the recovery." However once you depart from the "London Bubble" - which spreads quite a long way - you enter the real world particularly down here 250 miles from the capital. Prices are rising almost everywhere and outpacing income - renewed my Road Tax today, it had gone up by 2.5% since the reminder had been printed and sent to me. Filled the car today at .08p per litre more than my last fill. The government is desperate for money and is finding it next to impossible to fund all the Public Services which now provide most of the work down here. Hospitals are closing, Police Stations have closed or are working with reduced numbers where we still have them and the numbers of unemployed young people shows no sign of reducing leaving a large and dependent number of people here who seem to have migrated from elsewhere in the country. Our schools are struggling, as class sizes rise, teachers are being offered bursary's of 25K a year - just to train - because of the difficulty teachers experience when trying to teach the often transplanted and exotic species of youngster who have come to live amongst us. Many of the problems associated with violence recently publicised in Croydon are likely to arise here as these people migrate from the inner cities that Margaret Thatcher was going to pacify all those years ago. And then they voted for Brexit - because it is going to rejuvenate our economy and provide employment for all these bright young things. It is very hard to see how this will be accomplished, more employment is going to be hard to create when we will have businesses closing or moving because they cannot recruit useful employees from the pool of talent available. The good old days have gone and with them the industries and businesses that could mop up some of these people and turn them into useful citizens because they are either closed or owned from abroad. The two youngsters that I met tonight when I donated our old cooker to their mother were unfortunately typical of a system which has failed them and yet they seem happy with their two Pit Bull Terriers.
ive a buy booked at the 200 day myself , havent been in it for months now
When they realise the empire dellusions was a dream, and germany calls the shots whether they like it or not and scotland is gone , borris u can have ur brexit with ur little england dreams ,and yes i am bitter!
Long time no hear ADRs hows the form, Expecting a gradual decline with sp back to 21c bounce off 200dsma then i will load.
The wife thought it hilarious that I had snapped and been sent down. I'm still waiting for payload day - never gave up on these and have bought more all the way down. I see Radar posting but have lost sight of Banktech. Behave yourself.
Welcome back! Lol
ADRS. Disinformation!