The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
I see this too in the news.. Ireland launches long awaited AIB listing w/ 25% stake sale.. it seems like it has been launched today.. the reverse stock split for boi is scheduled for the 3rd week of june pending approval by the high courts..
.. blackrock is into banks .. they own 5% of this bank.. in italy.. https://www.google.com.pr/amp/s/amp.ft.com/content/00ff9fcc-9a28-11e3-a407-00144feab7de
.. for some unknown reason.. the price of oil correlates with the bkir price.. when the price of oil went to hell.. bkir followed.. watch the price of oil.. this week is the opec meeting.. may 25.. if oil goes up.. bkir might get a price bump..
.. this in today .. bkir report.. not an exciting stock .. but competitive.. doing well .. fee income higher than peers.. this is already well known .. almost a monopoly in Ireland.. operating expenses lower than peers.. this is well known.. the CEO's are not given extravagant salaries.. http://www.capitalcube.com/blog/index.php/bank-of-ireland-value-analysis-londonbkir-may-22-2017/?yptr=yahoo
.. the high courts are set to approve the 30:1 reverse stock split the 3rd week of june.. regarding the 14% sale.. it is absolutely too large to dump into the market.. i would guess the new stock is first x changed and the 14% sale comes later.. although Noonan has said many times he is in no hurry to sell.. were it not for this shorting the past 2 years boi would still be in the o.35 - 0.40 level.. dividend is scheduled for mid 2018.. a new boi president.. many things are going on..
.. knees.. correction.
.. well.. i do hope she has a high level of testosterone.. abd gets this bank off its bloody needs.. glad for the change. ..
.. boi was going back to the .23 level.. this news.. this miracle changed direction.. surely they must have broken the 500.000 salary limits..
.. bad day for the stock mkt today.. goldman sachs pushed earnings down and others followed.. boi held up today.. small miracles happen once in a while..
.. this just in today at BOI investor news.. the new stock approval at the High Court is scheduled for june 23 of next month.. the reverse stock split could be scheduled for June. in this news is blackrock trading notifications.. they have filed numerous filings showing buys and sells.. they currently have 5% threshold as of may 11. they actually increased ownership..new stock filing by BOI.. 30 shares become 1 share.. at todays price of 0.245 the new shares would be about 7.35 each .. https://investorrelations.bankofireland.com//wp-content/assets/Notification-to-Creditors-11.05.2017.pdf
.. this is not fresh off the press .. but it mentions the restructure of stock and a dividend for next mid year https://www.irishtimes.com/business/financial-services/bank-of-ireland-gets-green-light-for-corporate-restructuring-1.3064818?mode=amp
of any significance on boi.. the past 2 weeks.. is boi alive..? daily news on aib .. floating aib stock (sale of stock) just aroubd the corner according to Noonan.. aib in the news every day. https://www.irishtimes.com/business/financial-services/conditions-are-ideal-for-aib-flotation-says-noonan-1.3077351?mode=amp
.. a shrewd politician.. on the economic side.. poorly advised.. another politician gambling with the pockets of voters.. her euro policy would have meant great financial sacrifice for the french.. her frexit would have taken france into uncharted waters.. german elections are soon.. probably a change of merkel.. her open immigration has been a disaster for the germans.. some numbers point to 5 million refugees from the syrian war.. as usual .. the east block EU countries pushed all this immigration into the wealthier EU countries with big social welfare budgets.. in essence .. these countries betrayed the EU .. turkey opened the borders purposely to ruin the EU.. the UK voters were well informed and refused to keep carrying on this huge burden.. the immigration issue was the drop that collapsed UK.. middle east policy has been a disaster the past 7 years with this so called arab spring started by obama and kerry.. if you look a little further into the past .. the sudden departure of sadam hussein bought great instability to the middle east.. the price has been high.. it has opened the doors to politicians like le pen who could further cause more problems..
.. blackrock is a real problem for boi.. they sell below the 3% threshold.. then they go back and buy above the 3% threshold.. the weasels have been doing these trades the past 2 years.. they ahould be penalized..
.. was bad news for boi stick when they bought into boi.. they have been shorting this stock from the moment they bought in.. like a pin ball machine .. they have tilted this stock without mercy..
.. question. who is buying the boi that blackrock is selling..? curiosity
.. hard to find some recent news about BOI.. was hoping the past shareholder meeting would have something regarding the reverse stock split..?
.. is Black Rock. selling BOI to buy into AIB ?.. they have filed so many reports with the securities exchange the past year to show the excessive transactions past the 3% and below.. would be best if they got out of BOI completely..
the EU is one big mess.. it is not growing.. the french are loosing out factories to the east bloc.. le pen was complaining about this shift in production.. the east takes away.. they dont produce..
.. regarding the UK.. the £ is on fast recovery.. i dont see a recession here.. i am now more worried with the. €. than the £.. the UK provided the banking stability for the €.. now the brexit has changed the EU .. i see two problems for the EU.. 1). the EU expanded too fast.. the east block countries absorb capital.. and social programs.. they simply do not produce.. add greece to the list.. add countries like spain with unbalanced budgets and 20% unemployment.. add the economic slowdown of france .. and you have a huge economic problem .. the UK is small compared to other EU countries but has kept its own currency.. the UK is a banking power.. it can weather these changes much faster .. 2) . the politics - UK has more stability than other countries of the EU.. the political instability of the EU has been front page news.. greece.. france .. spain without a govt for over 9 months ... 3 elections.. the basque and catalan independence problem.. the rest of the EU with the immigration problems causing social and political friction.. the virtual non support by the east block countries to these new problems.. german elections soon.. i see a bumby ride ahead for the UK .. but nothing beyond what the can handle.. i am more concerned about the EU longer time ( 5 years +)