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@ranger4... I'd be very happy to see €7 but it may be a long time coming. This share price has confounded me for some time now. Would also be very happy to see the dividend reinstated.
https://finance.yahoo.com/news/bank-ireland-buys-kbcs-irish-072629676.html
https://www.irishexaminer.com/business/companies/arid-40351448.html
The AverageJoe: my 2 cents, for what it's worth.
No one here (or anywhere) knows with any certainty what the share price will do in the future.
Lie is short and the idea is to enjoy it, right? If something is weighing you down too much then you have to ask yourself - is it worth it?
It sounds to me like you might be better off unloading all your shares at breakeven and put that money to work in something else. It sounds like you know the housing market well, so perhaps put it into that.
Best of luck whatever you decide.
Not exactly what you'd want to read (if you're waiting for the dividend that is).
"Eurozone banks have enough capital to withstand the impact of the Covid-19 pandemic and finance the economic recovery, even though they are highly exposed to sectors hard hit by the coronavirus, the IMF has said.
However, the fund also said restrictions on them paying out dividends and share buy-backs should be maintained until the recovery was well underway."
https://www.irishexaminer.com/business/economy/arid-40252223.html?utm_campaign=40252484&utm_medium=readnow&utm_source=irishexaminer
It's probably going to be busy here today, so I'll take this opportunity to wish you all a Merry Christmas and a prosperous 2021. What a year this has been. Still, there was money to be made and I'm sure next year will be no different. It's been fun popping in now and then and getting a laugh from the new entertainers. :-) Good to see some of the old-timers are still here.
Bank of Ireland Group plc (LON:BIRG) declared a dividend on Monday, February 24th. Investors of record on Thursday, May 7th will be given a dividend of €0.18 ($0.20) per share on Tuesday, June 9th. This represents a dividend yield of 4.63%. The ex-dividend date of this dividend is Thursday, May 7th. This is a positive change from Bank of Ireland Group's previous dividend of $0.16.
I came across this just now... from a US financial newsletter... and thought it might be of interest to some here.
"So that leads me into the next topic... Are European banks a value play?
As Philip Grant from famed investment newsletter Grant's Interest Rate Observer reported recently...
The Euro Stoxx Banks Index generated a 6.3% return on equity in the third quarter and trades at 0.62 times book value with a 5.8% dividend yield (that compares to an 11.8% third quarter [return on equity], 1.35 times price to book and 2.6% dividend yield for the U.S. KBW Index).
But look at all the European bank ETFs – like the iShares MSCI Europe Financials Fund (EUFN) and the German-traded iShares EURO STOXX Banks 30-15 UCITS Fund (EXX1.DE)...
Those two ETFs are up 18% and 26%, respectively, since they bottomed out in August, when the total amount of negative-yielding debt around the world peaked at $17 trillion. And they're still well below their highs, so they might have more room to run.
Given what Grant observed, it looks like there's substantial room for valuations to rise, too, putting a tailwind behind European bank stocks. And maybe, if the ECB takes the Riksbank's cue, banks will start earning better returns on equity as yields on securities and loans rise.
It seems likely that a year of stellar performance by European bank stocks would surprise the market, but it doesn't seem to be entirely out of the question."
Looks like someone thinks it's too cheap to let pass.
Bank of Ireland Group plc (LON:BIRG) insider Evelyn Bourke purchased 6,400 shares of the stock in a transaction on Monday, August 12th. The shares were purchased at an average cost of GBX 332 ($4.34) per share, with a total value of £21,248 ($27,764.28).
Chas, it's difficult - at this point you're between a rock and a hard place. Perhaps the two most obvious options may be the only ones left to you.
1) You hang on and live in hope. The upside - something positive comes out of the woodwork. The downside - you slowly lost it all.
2) You cut your losses now and put whatever few bob you still have to use into something else, something a bit more profitable than (Irish) bank shares.
Mergers and takeovers can work but it depends very much on the companies in particular, the sector in general, market conditions at the time, etc.
Sorry I can't be of more help. Best of luck in whatever you decide to do.