Member Info for chasrutledge

David Herro, chief investment officer of international equities at Harris Associates mentioned european banks as a good buy because some are down 30 - 40%. Might be a good time ahead?

Has anyone got an opinion on facebook and lybra?

Just found this. Interesting read from 23rd june 2019

https://www.forbes.com/sites/rogerhuang/2019/06/23/central-banks-are-using-blockchain-to-stabilize-the-global-financial-system/#1bd72c9059d5

This might help?

https://www.rte.ie/news/business/2019/0624/1057121-bank-of-ireland-kbc-bank-ireland-deal/

Pray to the fikr gods! Where is Wilbur Ross?

Jeremy Corbyn confirms Labour backs public vote on any brexit deal.
https://www.mirror.co.uk/news/politics/breaking-jeremy-corbyn-confirms-labour-16543444

Can we introduce Blackrock to Facebook?

They mention on Wikipedia, Quantitative investment strategies.
Quantitative investment strategies have evolved into complex tools with the advent of modern computers, but the strategies' roots go back over 80 years. They are typically run by highly educated teams and use proprietary models to increase their ability to beat the market. In March 2017, the Financial Times announced that BlackRock, after a six-month review led by Mark Wiseman, had initiated a restructuring of its $8bn actively-managed fund business, resulting in the departure of seven portfolio managers and a $25m charge in Q2, replacing certain funds with quantitative investment strategies. In May 2017, BlackRock increased its stake in both CRH plc and Bank of Ireland.

Lowest share price in over 5 years. Time to rise. GLA

Back in. :-)

Permanent tsb got hit with fines over tracker mess, I think AIB and other banks are in the cross hairs. A spokeswoman for the Central Bank said it was premature to comment on cases that were still ongoing. Spokesmen for the other lenders, including AIB and its EBS unit, Bank of Ireland, Ulster Bank and a spokeswoman for Belgian-owned KBC Bank Ireland declined to comment on what fines they face.
https://simplywall.st/stocks/ie/banks/ise-il0a/permanent-tsb-group-holdings-shares/news/permanent-tsb-group-holdings-plc-iseil0a-poised-for-long-term-success/

I think il0a has hit the bottom. As of May 24, 2019, the consensus forecast amongst 7 polled investment analysts covering Permanent tsb Group Holdings PLC advises investors to hold their position in the company.
1 buy
1 outperform
5 hold position.

I read an article about the Irish government getting the go ahead to sell its remaining shares in the banks. But I cant find it now. Does anyone have any info on this?

https://m.independent.ie/irish-news/politics/vultures-better-with-writedowns-than-banks-37662396.html I agree with you Ogie, but if there is a loop hole left open, they will exploit it. To make it worse, the gov new about it and was 'trying to close the loop hole'. They think the public are idiots and do not care, which is in some way right. It will probably be closed, after they do not need it anymore. Its been a stressful and annoying past 4 years for shareholders.

https://merrionstreet.ie/en/News-Room/Releases/Minister_Donohoe_welcomes_progress_in_establishing_the_Irish_Banking_Culture_Board.html\\\

The banks informed the Minister that the review and design phase for the new entity, which will now be called “The Irish Banking Culture Board” (IBCB) has now been completed. The Board will be an independently led entity to ensure that the industry is focused on the best interests of the customer and leads to a sustainable banking industry that promotes the highest standards of behaviour and professionalism.

The establishment of the Board was an initiative from the banking industry in Ireland aimed at rebuilding trust and confidence in the industry following the tracker mortgage scandal. It was first announced in December 2017 and the establishment costs and annual running costs will be funded by the retail banks themselves.

I think IL0A maybe on an up swing. Bottom looks to be 1.75. Any views on this?

https://www.irishtimes.com/business/economy/central-bank-sees-absolutely-no-evidence-vulture-funds-more-aggressive-than-banks-1.3489322?mode=amp

https://www.euromoney.com/article/b1800j8l1lbpq7/banking-after-wolves-ireland-fends-off-vultures

https://www.irishtimes.com/opinion/permanent-tsb-has-not-been-slow-to-act-on-non-performing-loans-1.3435342?mode=amp

https://www.irishtimes.com/business/financial-services/exane-upgrades-bank-of-ireland-and-ptsb-downgrades-aib-1.3386539

Any sign of Warren Buffett?