mmm 0.32 Euros per share29 Jan 2011 19:39
32 cents of Euro sounds great, if we consider that we are able to buy AIB ADR Stocks for 74 cents of US dollar. Every ADR is conformed with 2 ALBK stocks. I have been in and out since when the price of the ADR was 1.4 us dollars. I got a big lost, thinking that this bank would recovered soon, but that has not happened, at least not yet. My estimations is that the ADR suppose to be on the 1.30's US dollars. It is unbelievable that even selling assets in USA and Polish for about 4 Billions euros the bank is still short with the liquidity requirements. The history have shown that buying banks back from governments is a good deal. The variation this time, is that we have the government as partner, not a good one by the way, but I do not think the government will be able to hold this bank for a long time (12 months). And once the government sell it, they will be able to cash it with some profits and my hope is that we get some profits too.