Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. 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.
Forecast's the Euro against stg @.76 year end and @.72year end 2018. The banks forcasts are based on interest rate differentials and political uncertainties across the Euro area
I agree. Boi are way behind on tech and i have complained to the bank about not been able to use android pay. They are spending hundreds of millions upgrading the hardware now but it will be a 3 year program. I also agree that not having the most modern tech limits the interest of younger customers. With mortgage rates so competitive its selling the customer experience that can make the difference between winning new business and loosing it. BoI really need to pull their socks fast. As it is they are only winning a 25% share of new mortgage draw downs. That's poor when they have such a dominant market position.
I think they are in the process of addressing this area with the half billion IT investment already underway, one of the reasons we didn't get the dividend, this I would like to think will all be well in place when the cashless culture actually takes hold. However yes it is a slow start.
I saw that BOI got a basting in the Sunday Business Post yesterday. Apparently they have adopted neither Apple Pay nor Android Pay as yet and are way behind the pack. AIB had Android pay but doesn't have have Apple Pay but KBC and Ulster bank have both. Why am i not the least surprised. This bank is a dinosaur. It seems to make little effort to offer what people want. I highlighted here before the issue of their debit cards which couldn't be used online to buy an aer lingus ticket nor in some high street shops. They will not be attracting any of the younger generation and that seems very shortsighted.
AIB is been valued by BANKERS on behalf of the SELLER. the 12 billion has no relevence to what potential buyers will actually pay for it. It is much more lively that buyers will aim to pay a price closer to the BoI share value. 2 billion for 25% maybe. Noonan is looking at allowing private individuals a chance to buy shares. That would mean he would have to fix an initial share price. I assume that's to try and preempt institutions bidding too low and to set some kind of marker. If Noonan is still minister of finance in a couple of months (not so sure he will be) he will have a tight rope to walk in setting the right price.
.. boi valued at 7.9 billion vs 12 for aib.. although the latest financial results placed the equity at 13.1 billion. still time to see if there is a higher valuation by the sale date.. whatever that may be..
.. AIB is being valued at 12 billion with the initial sale of 25% at about 3 billion.. that places the value of AIB at twice that of BOI.. sale scheduled for may / june..
Now we are seeing the party whose members are all born to rule in their true colours - well their underpants really - Boris on this evenings news really should put in a transfer request. Perhaps if I sent his CV to "The Donald" old goldilocks might see the possibility of forming a double act like the twins (Jedward) with the Haircuts except that they are brighter - they actually answer questions and are quite funny at the same time. As the deadline draws nearer I fully expect to hear some of their spokesmen speaking in tongues if a microphone is put in front of them. It was more or less admitted today, on various channels, that the emperor has no clothes and that even if Theresa May puts on her biggest hat, she won't be able to fool anyone when she tries the bluff on Europe. In the past this country could always rely on America when both were working on five year cycles because their elections fell at different times when America was rising it was helpful here and vice versa. Now that Donald is in office that avenue is closed because he has no interest or understanding it would seem of economic cycles. It doesn't help our share all this confusion, but at least Europe can start to make decisions and Ireland is well placed to take advantage of any improvement in economic activity which arises out of all of this once the dust has settled. The Conservatives running around like headless chickens is great fun to watch but it is a shame that it can do so much damage at the same time. Don't think my nephew has been given his ticket to Frankfurt yet but it can't be long now looking at todays antics. My first estate agent is calling tomorrow. Good luck all.
.. just read an article about brexit.. article 50 could be invoked during march.. another requirement the EU wants to impose on the UK is a 60 billlion € divorce package.. a large penalty..disproportionate.. no country in the EU has this extra cash. the EU is also having trouble with the east block countries. things suddenly become complicated.
here is part of the article... .. Part of the ECB’s reasoning for exploring the possibility of raising rates before finishing its 2.28 trillion-euro ($2.4 trillion) bond-buying program lies with the structure of the euro-area economy, the people said. The negative deposit rate is squeezing banks’ profit margins because they can’t generally pass the cost -- charged by the ECB on overnight funds kept at the central bank -- back to their customers. That potentially holds back lending to companies and households." the other more pressing reason is the outflow of european capital elsewhere.. rates are forced by the Fed hikes..
Will increase here just as soon as they have enough "mugs" on their hook - then we will see how strong the property market is. Have just watched Ireland - so am not in the mood to write this evening - more inclined to get the bottle out of the cupboard. What you have been looking at today is the pre Cheltenham bounce - translates as - "Springs in the air Paddy" response "Spring in the air yourself you bloody eejit." Have a good weekend all.
When do you expect a rate increase
leamyk any police arrests for the shorters.. ?
..who told you..?... how much..? what are we talking about here..? .. by the way.. the chinese own 3% of Deutsch Bank and they want to buy more.. http://www.investopedia.com/news/deutsche-bank-pops-china-investment-rumor-db/?partner=YahooSA
Hope it holds thru closing. Nice for those who had the courage to buy a few more at .23
According to rte business news 25% of aib will float in the region of 2billion That gives it 10% on boi approx
Well I'm happy to observe that we are the best little bank share in europe today! If AIB to be sold at a valuation of €12bn then our SP should be in the region of 40c., I'd be happy with that too.
The jester might be right, it is past time that we saw some change here. It is a waste of time anyway because it will take years to get a decent uplift the only thing is that when it does come it will be fast.
You arrived
Nope I arrived on the scene mid 20's
it went to .15...from.34 ...not far from single ...
You said single digits if memory serves me right so you were well off.
I go with Draghi no rate increase until well after the current programme finishes That's the back end of 2018 at the earliest
I gave correct direction on the way down.... and I am right again...its time to ramp up