Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. 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.
.. interest rates under Trump to rise much higher than what they are.. 2.5%..? that is a big jump.. that is the reason why bank stocks are rising faster.. http://www.marke****ch.com/story/with-trump-win-comes-expectations-for-rates-to-rise-bigly-2016-11-11
John Mc Do u mind me asking what chart u are looking at bkir/£? I'm trying to chart this.What level would Sterling have to get to for BKIR to get to .27? .82?
It was a struggle in Dublin but I believe both achieved .22. Don't spend it yet men but good week all round after the panic of Wed.
based on what happens at the end of most days its likely we'll finish just short of .22c (.2175?) Dublin is at .218c. nothing to complain about though.
Just above 22c resistance which has been breached a couple of times today would be positive if sp could close at or above 22c today.
Not big on moving avgs. what price is the break point at. Trump is killing me on TSLA but at least this might be a bright side.
It could be rising because Mr Farage is tipped to be the next US Sec of State. At least thats what Nigel tipped yesterday.
News Bank of Ireland and the broader European banking sector have been a key beneficiary of on-going sector rotation out of consumer staples and defensive stocks into more cyclical and cheaper value sectors since Trump won the US Presidential race. Global bond yields have risen materially since Wednesday morning when his appointment become official. 10 year yields in the US have risen from 1.82% to 2.12%, 10 year German yields increased 20bps to 0.30% and 10 year Irish rose 25bps to 0.88%. We have also seen a re-steepening in bond yield curves as the fiscal expansion the President-elect will likely enact should be inflationary and supportive for bank’s Net Interest Margins. Comment Bank of Ireland recently reported a solid Q3/16 IMS with impressive Net Interest Margin growth and improved asset quality gains. It also reported a €250m jump in its pension deficit, however this should more than reverse given the recent increase in yields over the past week and should be accretive to its capital base, in addition to 30bps of organic CET1 capital it generates on a quarterly basis. BOI broke through key resistance at 20.7c this week, which was the previous post-Brexit high and had been tested and held on 4 separate occasions. The broader European banking sector has positively re-rated over the past month from 0.6x P/B to 0.75x supported by higher yields and reduced investor sentiment on the back of Deutsche Bank and the NPL situation in Italy. BOI currently trades in line with the broader European sector at 0.75 FY16e P/B. The bank has rallied 28% over the past 3 weeks which has brought the stock into overbought region from a Technical Analysis perspective. However, we remain positive on the bank over the next 12 months and see further upside potential towards our 12 month target price of 23.8c and anticipate the Group reinstating a dividend relating to FY17 financial year.
Is stg not rising because of all the trading they are going to be doing with the USA perhaps at our expense
I tend to agree with Johns previous post Trump could be the kick up the backside the germans and ecb needs to force a change in policy and ease up on austerity based policies which have crippled eu banks i am closely watching the 200dsma and hope to see SP break through soon.
@cooking. Its because of brexit, reinforced by trump that we find ourselves been one of the winners this week. Fear of contagion through europe could well bring about a policy change that will force Mario to take his boot off the throat of the banks. Keeping the mind focused on brexit might well be a positive for banks. Now I know that trump and brexit are both huge negatives for Ireland but for now they are both some time off impacting the real economy in a big way. The banks share price collapsed post brexit because of the stg..euro re-rating which was immediate. Was it 5billion on a constant currency bases that Boi lost of its loan and deposit books. In the last few days that hit has been reduced by about 2 billion. The trump win has led to expected inflation and interest rate rises in the US. That has increased the value of bonds BoI holds by an estimated 300mil which brings the pension deficit back below 1 billion. That recalculates up the key CET1 ratio and the NIM. Cantor Fitz have a bit about that I'll sopy and paste after this. Hence, if this was Dec31st the banks FY16 results would look a lot better than expected after the last IMS. Hard to predict what will happen tomorrow no less 6 weeks time but until trump actually takes office and makes the decisions he promised we have to assume he wont be able to stop himself talking the talk. So looking good for the next few weeks but having said that this has been the year of several black swan events so time will tell. I mean who would have predicted a year ago that a Co Clare hotel owner would be president elect of the US.
Going in the right direction for a change. Hopefully we say goodbye to the teens?
Well London is trading at .22 someone should wake Dublin.
Great news but how long before the mind goes back to Brexit
€ falling against pound like a rock. 855 now. Unbelievable speed of change. 24c coming no problem.
Thanks John it will be interesting to see how low it goes. Amazing market psychology!! I was looking at some of the French banks last night they are not to far off all time highs. I did nibble on Deutsche last week as it does fall into the too big to fail category.
continues to weaken against £. BKIR should touch 22c soon. 24c is the next resistance.
.. very difficult to predict mkt reaction to either candidate before elections.. a lot of misinformation of who the better candidate was for elections.. Trump was to crash the mkt.. hillary was to be the wise choice.. read .. believe 1/2 of what you read..
For 2016 , found out !
Question on capital gains tax ...From the republic of ireland as an average paye worker , does anyone know how i register a loss from selling aib at the start of this year. Do i use form 12 or form 11 on revenue . Also can you do it online .. thx to anyone who know answer!
at .215 at the close.
Their want their seats at the table and mp/mep/salaries/ pensions ..... they will change to fill their pockets
Totally agree there is a link to the two and their will be contagion through out euro zone if the leaders of Germany ,France and Italy are brave enough to rise to the challenge and move away from austerity and mass immigration.
I reckon the markets must be on viagra
euro continues to fall. The trump win and brexit result has the knock on effect of leading the traders to believe that Euro governments could get swept into a movement of anti establishment voting. Italy has a referendium shortly. France has LePen to deal with next summer and then the big one, German elections. Not mush time to the powers to be to turn european economies around. In fairness Mario has consistently advised governments to do more but has been ignored in favour of austerity. Will there be a policy change???