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Associated Press
Putin orders Russian forces to ‘maintain peace’ in eastern Ukraine
Last Updated: Feb. 21, 2022 at 6:35 p.m. ET
First Published: Feb. 21, 2022 at 6:11 p.m. ET
The press has a way of manipulating human fears.. yesterday it was a .. "bloody war ".. "the greatest bloody war of the past 45 years ".. who said that ? .. the PM..
Now the press has a " maintain peace " mission.. what could be better than a big headline for the stock market .. like this .. " a peace mission "..
When everyone expects the market to fall it does not happen. The mkt indexes are so highly manipulated they can turn in a dime. NWG had a large gain when they reversed impairment losses. 2020 ( 3,131 ) & 2020 + 1,278. When you add both extremes you show a 4,409 gain. NWG essentially reversed the impairment loss of (3,131) & added an impairment gain of 1,278 for 2021. That could be clever accounting or simply an exaggerated impairment loss of ( 3,131 ) that never materialized & should never have been taken in 2020. Otherwise, the earnings have been fairly consistent, & expenses have been watched closely. Not sure how much the stock price can fall with an event like ukraine. The stock is not that high anyways, & the stock has huge safety tiers (18%) compared with other large banks like citi, jpm, gs. .. should do fine..
CET is at 18.5% , extremely comfortable .. impairment loss significantly contained.. were it not for this impairment bank would have shown a gain.. Ulster bank being sold off & should free significant capital for a higher CET. Regarding dividends & financial info NWG has posted the financial results and the slides.. good to read these results.. don't rely on short newspaper articles which may be misleading.. the bank is fine..
Notes 6. Dividends. The company announces that the directors have recommended a final dividend of £364 million, or 3p per ordinary share (2019 –nil), subject to shareholder approval at the Annual General Meeting on 28 April 2021.If approved, payment will be made on 4 May 2021 to shareholders on the register at the close of business on 26 March 2021. The ex-dividend date will be 25 March 2021
..based on prior years, a special dividend would have probability. Looking at 0.075 pence for this dividend.. best month . march 2021. Full year estimates are hard to pin down. It all depends on the reserve write off expense. NWG may have taken a higher write off mid last year. If the write off and expenses are less, a small profit could show up for the full year.
volatility appears to be less here is a brief report of boi.. a little contradictory.. boi does have a strategy.. it was also created a few centuries ago.. not in 2016.. http://www.capitalcube.com/blog/index.php/bank-of-ireland-group-plc-value-analysis-londonbirg-september-18-2017/?yptr=yahoo
banks seem to be stuck in the fall.. on the positive side boi is holding.. not sinking.. german bank DB has been sinking.. having a very difficult time breaking 19.. at one point it almost broke 21 and is now back to the 16 level.. i have a gut feeling boi should start to move higher. after November through february.. some dividend news might be helpful.. however what could sink the market is the north korea situation.. hopefully nothing will happen
.. still have not had to dig into the recent reports.. from did find a summary from america .. not to worry ., torquay.. the old ancestors were celtic ... but from cantabria and galicia.. here is a summary i found .. http://www.capitalcube.com/blog/index.php/bank-of-ireland-group-plc-bkrif-us-earnings-analysis-for-the-six-months-ended-june-30-2017-august-2-2017/?yptr=yahoo birg is ok.. going at its own speed.. .. viva Ireland.. !
.. agree a fine mess.. the only gain i have had with boi is the foreign currency gain.. i bought in usd a while back when the rate was 1.05 .. it is now suprisingly at almost 1.17 .. so i cant complain.. now if fkir could rise to a proper level .. give a dividend.. that would be better news.. results are next week.. interest rate rise in the EU might be news in 2017..