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It really doesn't.... Markets are slow to react to what seems obvious to me... this reporting season we are witnessing the return of Euro banks stocks becoming popular solid investment choices (Birg is really yielding 13% when you consider bb and divi )... extra low interest rate periods are gone for the foreseeable and normal interest rates have returned... "IF" the ECB lowers rates this year it will be to around 3.5 by the end of the year Max IMO... This means another bumper year for the Euro Banks next year and the year after that most likely.
2b Profit with a market capital probably @ 8b post buyback
Strong dividend... and lets be honest theres not a hope in hell ecb will lower interest rats to 2.75 by the 4th quarter.
I'm topping up this morning.
Recent Global turmoil may give us all an opportunity to top up our positions,
I see good value at sub 8 euros. A run of bad days in the markets may get us there but I don't see it staying below 8 for long if it does, best be ready.
Gov been doing a lot of the recent selling. Now the no.1 seller has removed themselves it will be more expensive to buy these shares...
and Going by the Irish gov record this share will prob hit 15.00 in the next 2 years again cementing a terrible deal for the Irish tax payers.
Although she has done a great job righting the ship, it may be best for shareholders that she is gone.
the bank is in a great position now and hopefully the New CEO will be a bit more aggressive and more friendly for shareholders re: dividends
She obviously didn't care for us with that pittance she paid out this year.
I've tried and failed also to get a coherent conversation about this stock going,
I'm a holder for 2-3 years with aver price of about 2.60, only cause I doubled down in when covid plummeted the SP. IT was grossly undervalued then and I still think its undervalued now.
The macro environment are good very good at the moment or soon to be Good IMO
Interest rates can only get better for the banks,
GFC bad loans are starting to clear of the loan book more and more
Massive housing builds going on in the country will require new mortgages
Less competitors on in the Irish market
Maggi Mc has been ruthless enough cutting costs and leaning out the business
All the above leave the bank primed to become more profitable in the future IMO
Some risks,
Covid killing business's
Although Lots of people were burned by BOI and other Irish banks and there is definitely a large lack of good will towards the Banks in Ireland.
Gov selling share will prob keep price down in the short term.
But in my view the bank SP could easily double over the next 10 years. Giving a 10% return each year which is a solid investment with lower levels of risk in my opinion.
Be interested to hear other views also
ok understood, please resume the discussion on Silverfish.
Anyone else got an opinion related to the purchase,
will they use davy as a platform and try and try to make investment easily available to customers.
I have Bank accounts abroad and its so easy to invest as they have it all linked to your current accounts.
The irish market is primed for something like this it would be very successful if implemented in my opinion.
Gov is selling their shares....
Makes sense that the Market makers want to lower the Share price buy the governments shares at a discount and them let the price go back to normal levels for a hefty profit.
Good to get the gov out the door finally. Stops the un natural market movements
As an investor opportunity there may be good buying potential for medium term gains...
I am long term holder bought my package with a view to double in 10 years...
Was at 90% gain on recent highs probably should of sold... hindsight is 20/20 lol
That's two main competitors leaving the Irish market... One we will receive assets from.
Not great news for Irish banking customers....
Should be good for investors though.
6 euro by 2022 now not that far of a stretch!!
Seems the markets are starting to move towards value instead of growth stocks...
Should be good news for BOI and banks everywhere.
Growths stocks are crazily overpriced and these crazy valuations can't last forever.
Anybody care to give there input as to what they think the EPS will be for FY 2020Are we expecting a big drop or so so ? I do not think it will be as bad as some think. Current SP at 2019 EPS gives us a PE ration of just under <10That's pretty value given the rest of the ISEQ is up around 20. There is also talk of possible large inflation down the line which historically leads to interest rates...Been a holder past 2 years plan was to hold for 10 years hoping to average 10% gains per year, Not worked out so well just yet. Given the possibilities of the above happening may start adding to my holdings monthly via the dollar averaging method.