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Don’t know who the bigger pain on here is to be honest, (John Hume or FBS/Donkey?). It’s probably a toss up between two ******s to be fair.
What a boring board!!
I think the reference to Paschal was that the government stake would be at 0%.
Thought the exact same thing Stickshift. This has happened all too regularly of late. Can’t understand why they won’t let it find a slightly higher level before selling again. There is always more sells then buys at the moment which shows they are flooding the market despite the ‘’slow disposal’’.
Roll on 2022!!
Thanks Awfulman for some content.
My average is a lot higher than your €2.60 but am comfortably in profit after a roller coaster 2.5 years of stress.
I do believe this share will be close to €7.00 by mid summer 2022 provided we continue on the current path and the FY21 results are in line with what they reported in August for H1. Interest rate uptick would also be beneficial of course.
The big issue is slow and continued disposal of the states holding. It would be great if some of these could be sold off market.
On another note Davy had an article this morning ''Irish Banks - Getting Better'', if anyone has access to this or can share the gist it would be appreciated. Good luck to all on this board.
Great idea - done.
@Ashton - if you could share the gist or some of the content it would be appreciated.
Surely Paschal must be selling some of the government stake at the current S/P.
I would anticipate another RNS in the next few days.
The sooner they reduce this the better. Overhang is not helping.
Girls please put the handbags away. This is supposed to be a serious forum.
Good week for BOI.
Francesca is doing the business and with some patience his share will offer good rewards down the road.
Okay so they sell €344 million of NPL's and 11% of its market cap is wiped. Doesn't add up for me. Massive volume last Friday and today. Someone is filling their boots at these prices. Expect an RNS very shortly. Has anybody else got any opinions on why banks in general are taking such a hit. I though the Feds guidance last week would have been a good thing for NIM down the line.......
Results for H1 Tuesday 3rd August.
The fall has probably been coming for the last few days. It was inevitable that there would be some new entrants into the mortgage market here but the majority will still be controlled by the big 3. Today is deadline day for the Davy bids. I believe the preferred choice will be an Irish bidder based on the timelines involved in getting approval from the Financial Regulator here. If it is a foreign bidder the process would be extended. As we approach the H1 results in early August we should have more news on maybe Davy and progress on the KBC deal. These should drive the SP back towards the €5.50 mark Just my opinion.
Does anybody here have any opinions whether this is likely to move from the current trading levels either one way or the other.
@Irish Renegade - has you friend any predictions from the charts which some experts use.
Had hoped this would be climbing towards the €6 mark in order to finally get rid. Analysts have never been as positive but all momentum seems to have stalled.
SH/PC/FBS - your opinions can be kept to themselves. You have destroyed this board and stopped proper engagement.
APS - Thanks for going to the trouble of sending this through. Much appreciated.
Barclays also increased their PT today which you have probably seen to €6.00 so still a lot of positivity on the price.
Does anybody on the board have access to the full article on the Davy website today.
The allude to the assessment of valuations of the Irish Banks and potential upside.
Please share if someone has read it. Thanks.
I think we are all thankful that you are not the CEO SH!! :)
Anybody thoughts on why the banks are so poor today. I know the DOW is down but I really didn’t see BIRG below €5 again so soon. Blackrock maybe cashing in?
It reached the €5.02 as predicted this AM and then the drop.
4 times more buys than sells so it should have gone up not down.
Anyone any thoughts, it all seems really strange.
Large after hour buys all back up in the €4.90 range.
Can anybody explain todays RNS?
It closed at $6.06 in NYC this evening which is €5.02.
Should be over the €5 in Dublin and London in the morning. Another good week in store.
It wasn’t me that said it.
It was Fontenoy yesterday if you took the trouble to read the posts. Wakey wakey John.
Wow John that is pretty powerful stuff.
The higher the share price the greater the market cap. Did you figure that out by yourself?
I was highlighting the comment which said AIB was cheap at half the price of BOI which is totally false.
If you want to complicate things that is fine.
Thanks for the history lesson nonetheless..........yawn