Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
I myself was burnt by Thomas Cook and took a big hit, never again, my sympathies with those who have holdings with TC. TC's future is driven by customer perception if customer's perceive a company is going to go into administration people will not book holidays 5-6 months down the line you will get people snapping short term cheap bargains. Will you risk a £5000 family holiday to Mexico in 7-8 months time?
I found the management of the TC have run the company into the ground especially the complex reward system that they have devised for themselves - Fosun will have to take a hit on this as will many private shareholders have to the only thing I can see is a takeover bid...?
I guess all we can do is wait and see. I still believe it is the strongest bank in Ireland and has a lot of potential. I can't see anything happening anytime soon it will be hovering between 7.00 and 7.50. The only time it will go above 8.00 once this IT investment starts to pay off.
Wiat and see what happens in March 2019 - Brexit.
A bit more information here.
https://www.irishtimes.com/business/financial-services/bofi-raises-750m-from-bonds-that-would-bail-in-investors-1.3604289
Just googled this - must admit don't understand the technical terminology.
A stabilizing bid is a purchase of stock by underwriters to stabilize, or support, the secondary market price of a security immediately following an initial public offering (IPO) when the price of the newly issued shares falters or is shaky in trading.
I don't think it will make any difference, but the new CEO has a certain positivity about her and seems a safe pair of hands. The huge investment in the IT infrastructure has to pay off otherwise the bank will be running an expensive multi-tiered system. On a positive note BoI is the largest bank in Ireland and has the PO in the UK, unless we see a significant dividend rise, the SP will remain static. I can perfectly understand why people want to bail out but we need big institution investors investing now.
I believe the SP will rise up until the date of results 26th Feb and then will fall sharply - the SP will remain depressed and hover between the middle 7's. I agree the dividend rate will be 10 cents or less, this is a derisory amount given the 33:1 share consolidation many investors will have a minuscule return on investment as many will not have the volume.
Can someone please remind me if the tracker mortgage customers have been refunded - reading the news BIR wanted to get this done before the end of last year does anyone how many more case remain; thousands or just hundreds?
buyBuyBYE I wish you would get a job at BOI, it would gave us a great insight from insider how this IT transformation is panning out...I worked for IBM's service centre in the North England their processes were absolutely shocking... Keep us informed...
There are reports circulating that the dividend payment may not go ahead - 6000 customers affected by the tracker debacle - very bad governance - SP will be hit severely. Investor confidence will be and at an all low. I think come the new year the new CEO will make a major reshuffle, and a majority non-irish board will be in operational. The 500 million IT investment will be closely looked at and scrutinised. In a way its better all the bad news is out now rather than drip feeding it.
My sentiments are the same as yours PGee I am really frustrated with this share, BIRG is one of the strongest Irish banks out there, they have poured a lot of money into the IT systems lets hope they have some positive results, the dividend will be shockingly low and any income generated will be minuscule, I can see the divi being deferred to 2019 at this rate. We have the tracker mortgages issue which needs to be settled I know they have set aside �25 mil, I would guess this should be inbetween �200 mil to �300 mil.
After the consolidation, my dividend return will be a pittance - not sure why I held this for so long - the div is a poor attempt to placate investors after the consolidation. The SP rising above 7.50 or 8.0 and maintaining that range are very remote. I can see this dropping to 6.0 - 6.5 with the occasional dip to the high 5s.
Is there anyone else besides me not concerned about this consolidation, I have 300,000 BKIR shares, after this consolidation I will be left with 10,000, in terms of a dividend payment (if this ever happens) I won't be getting much back in return? Thoughts anyone I understand the logic but I can't see SP movement the new CEO starts in October what plans does she she have. I was seriously considering selling on Friday making a 11K loss and investing in lloyds and at least in two years I will be able to make my money back Any thoughs anyone???
What do people think of BoIs 30-to-1 share consolidation plan. This in effect uplifts the SP to €7, If they do go through with it it just means if the SP falls it will have a long way to fall from €7 rather than €0.25. I can under stand the logic behind it as the SP is very fluid at the moment and they want to bring in the long term investors rather than the day traders.
Given that Ryanair now have a presence at Frankfurt airport I can see Condor and Lufthansa merging into one entity to become the dominant airline carrier in Germany it only makes sense ... this is only a matter of time before the airlines consolidate. One of the Units that made a loss for TCG was Condor and there is business synergies between the carriers. What do people think?
its 12000 x (0.5/100) = £60.00 you are getting half a penny for every share you hold.
Good news an Irish Bank is paying dividends £1.5 billion to RBS - can't wait till BKIR start to do the same - what do you guys think is 2017 a dividend year or at least an announcement of one. Even Thomas Cook is starting to pay divi's albeit a very small one.
I have just been reading Fosun have made a massive investment in a Portuguese Bank, I was hoping they would do something in Ireland.