The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
.. well .. we wont whip you with 30 lashes.., instead your punishment will be Arlene who is worth 25 lashes.. .
.. bank stocks were higher today.. the news.. a Fed rate hike for march 15th.. probably another one later this year.. this rate increase will be expected at. 0.25%.. the eurousd. was up sharply today at .011 or 1.061.. my guess is a forced rate hike for the €. and. the. £.. when this happens these rate increases will work into NIM for both AIB and BOI.. if BOI has a NIM of for example 2.25 then rate increase could push NIM .. a dividend would have more maneuvering space.. anyways.. the decision to invest in upgrading technology is very important for the operations of the bank.. adds value to the bank .. http://finance.yahoo.com/news/fed-chair-yellen-puts-icing-183000776.html;_ylc=X1MDMTE5Nzc4NDE4NQRfZXgDMQRfeXJpZAMxam9nbmRsY2JqbnVxBGcDZFhWcFpEeHVjejVsTnpnek1ESmhaQzB5T1dFNExUTTVPVE10T0RjMlppMDFNVGN6T1RRMlpXUXdPRE04Wm1sbGJHUStaWFZ5ZFhOa1BYZz0EbGFuZwNlbi1VUwRvcmlnX2xhbmcDZW4Eb3JpZ19yZWdpb24DUFIEcG9zAzAEcmVnaW9uA1VTBHN5bWJvbANFVVJVU0Q9WA--?.tsrc=applewf
.. well.. if you place May in the equation and both of them are seated next to you at a bar .. at 3pm in the morning .. things dont look too bad at all.. even if you lost your glasses at the bar..
.. net earnings 1.7 billion.. better than BOI.. the promised dividend of 250mm, nim at 2.25 ... projected at 2.42.. and shareholders equity of 13.1 billion.. BOI is in the 7.5 billion range ..1/2 of AIB https://aib.ie/content/dam/aib/investorrelations/docs/resultscentre/resultspresentation/results-presentation-2016.pdf
.. politicians are all clever.. when they want to distract the ..people.. they place nice looking girls to distract.. works all the time.. ..
.. i wonder who the buyer(s). is..? certainly not the small investors. ..
..Noonan is complaining about the vulture funds.. see irish times.. for this one.. a separate article included http://www.irishtimes.com/business/economy/how-vulture-companies-tried-to-influence-the-department-of-finance-1.2944938
complain to the authorities.. if an email is available and we protest may some attention.. also at the shareholders meeting.. .. this has been going on after Ross sold off..
.. set for this week thursday..
typo.. boi ..1/2 value of aib
.. all theories are plausible.. junk boi in the markets to buy aib on the cheap.. aib is valued at by the govt at 14b .. look no further.. aib is less than 1/2.. time to get the garda and do some road supervision on the. trading floor..
.. who cares..
..there could be reasons unknown for holding off the dividend as Cantor has mentioned. Another reason could be the interest rates.. these small 0.25% increases have not kicked in into NIM.. I would guess BOI would need a little more cushion before the dividends kick in.. It was just in 2014 that this bank showed their first profit in many years.. fixing up the loan portfolio has been a major job.. bank management has done a good job in turning the bank to profitability and maintaining profitability.. no surprises today.. earnings are steady.. no accounting gimmicks reported..
.. steady.. profitable .. investment in new technologies.. nim holding.. impaired loans at 1/2 of 2014 level.. business in the UK profitable.. irish and uk economies (90 %) boi exposure doing very well .. dividend on the books for 2018.. 1.1 billion profit .. excellent.. but.. they need to send the ..garda.. to police the stock exhange trading for this share.. i dont tthink it will drop to the low teens .. many things could happen.. could be holding a card .. still reading the presentations..
i feel the same frustration as Radar with this stock.. we are all but tiny grains of sand next to large rocks of institutional investors..
Results Announcement for Year Ended December 2016 24/02/2017
.. profitable once again.. banking sector has so far been positive.. http://www.marketwatch.com/story/barclays-swings-to-profit-as-overhaul-nears-end-2017-02-23
i will bet on another rate increase by mid summer .. july and another 0.25 by year end.. but not 3 rate increases.. the EU will be forced to bring out a rate increase http://www.marketwatch.com/story/feds-powell-says-risks-facing-economy-are-now-more-in-balance-2017-02-22?mod=fa_center www.m a r k e t w a t c h.com ..
.. was the best institutional investor for boi.. while he was majority shareholder it went from .08 to .40