Member Info for ChrisMeyers

*Shrug* I think Brexit is good and beyond due and I think Europe has got an existential problem with the number of Islamics you are allowing into your homes. Demographic crisis because theyre breeding and youre not. I think you could use a lot more 'Islamophobia'. It is needed. Having said all that, I also own a ton of shares of this dog of a stock :-P

Just give me my damned dividend already. So tired of this manipulated company and stock but can't get rid of it because I am upside down and will never realize a loss.

They had BETTER give us regular bi-yearly dividends to make up for the basketcase this stock is. What a dog.

US economy booming. Added 300K jobs. Hopefully this economic revival will finally reach Europe and Ireland. We need to get over this recession malaise and worrying about austerity and stress tests

So what day will we see our dividends in our accounts? Anyone know the date?

There is no start of anything until somebody goes up to that fool Draghi and physically shakes him and says: You dont need the Quantitative Easing security blanket anymore man, the world has moved on.Stop printing fake money and creating fake 0% interest rates. I swear he is the only central banking idiot left with these policies. It's like he hasn't got the memo. What do these fools expect to do if there is, god forbid, another REAL recession? They dont even have interest rates to cut! People like him have singlehandedly destroyed the housing market by inflating prices to such an extent that one couldnt afford a house in his own town if purchasing today.

That is a pathetic dividend that reflects the stupidity of European banking now. 1 million stress tests, overly conservative crap policies, and a stubborn inability to normalize interest rates. Do I sound a little annoyed? Yes I am because Im stuck holding the bag for an inept and dysfunctional EU while getting crumbs for my time. Can I atleast hope this is only the first of two dividends this year? Probably not right? Just pathetic. For all the heated opinions here about Britain leaving the EU, I can see why they did. They actually have a normal monetary policy and rate increases.

Speaking of mortgages, I have to bring up mine because Im damn proud of it and feel like I got myself into some kind of miracle. So when I got my mortgage in 2006 for the then standard 5.25% interest rate, BUT (and this is the big part) it was a 3/1 ARM (adjustable rate mortgage). And even better at the end of the 3 year term, the rate was set at the base fed rate plus 2%. Everybody criticised me at the time saying I should have done a 30 year fixed. Fast forward 3 years and financial armageddon. I made out like a bandit for 7 years due to the (really bad) economic policy of QE and 0% rates haha. I feel like such a genius. By 2012 my mortgage payment was $600 less per month than the original amount I paid when I first got it. So those central banking idiots did help me for a long while with their bad policy :-P

It's been a week but I am back. And with the same message: raise interest rates! The stock market volatility bothers me not one jot. Rates need to rise nomatter the tantrum the babies on the Street are having. No more easy money, no more QE. Once we finally get to normal interest rates you all will thank me because BOI will be worth a sh-tton more in a normal interest rate environment. We all kind of have Stockholm Syndrome. 10 Years of QE and 0 interest rates have made us think its a) normal and b) its end will be armageddon. Neither are true

BTW I dont want anyone to misconstrue my comments as negativity on this stock and the Bank of Ireland. Infact, I am nothing but fully optimistic that this company will easily be worth multiples of its present value in a normal economy. My criticisms of QE and EU interest rates are mainly my opinions on the past and the recession era policies in all of the developed nations. By now everyone knows that the EU will finally raise rates and continue with 1/4 point rises intermittently to normalize. I wish they had started 6 months earlier like the US, but better late than never.

I'll be the contrarian again against another of the standard responses of we would be in a depression without QE and fake low interest rates. No we would not. What happened should have been allowed to happen and then a recovery would have occurred. Actually the recession caused something very good and positive. It resulted in a substantial and needed decrease in housing prices which were in a bubble. What were the central banker's actions? Printing money for 10 years and throwing it out to home loans causing ridiculous home prices worldwide, people who have no business spending the percentage of their income they do for housing, and paper wealth for families. If the cost to borrow wasnt artificially reduced by these jackals, mortgages would understandably require proper financial strength to qualify for, and house prices wouldnt be sitting at a level where a massive percentage of the population can't even afford a house if they had to buy one today in their own city. And of course youll tell me the benefits, look at all the equityyyy home owners have now! Equity does nothing. If youre living in a house worth 800K and youre not moving, that 800K does NOTHING. It benefits basically nobody in broader society. And banks become distribution points for government printed 'low interest'. There is not even a real business there anymore because there is a basically zero interest rate. If rates were normalized to any standard level in the past 50 years and not this mess they created, then yes a mortgage may cost a little more but the benefits to society are that banks have a profit motive, they lend out money normally, and it goes to all kinds of economic growth interests. Loans for businesses, etc. Instead of sitting in a supersized mortgage bought using fake too easily available money paying back basically no interest which benefits noone. But you have a 800K house right? ;-) Good on ya.

Let me summarize it this way. If you want any kind of normal economic growth, then you have to provide SOME NORMALISH rates of interest. Growth needs money, new ideas and business need money, money is lended by banks, banks have basically no incentive in lending in this ridiculous long tern response to the recession of zero rates and all kinds of govt regulations to control lending. If you gave the bank a normal incentive to lend, they would start loaning again, and people with cash would stop hoarding.

Torquay we have tried your ridiculous 0% ZIRG policies for a decade. They are an absolute abject FAILURE. I dont know which room of idiotic government central bankers came up with this, probably Bernake, but it has lead to abysmal economic growth rates, a tired, permanently pessismistic consumer base. And every time it comes time to normalize they economy they to back to the same ridiculous pablum you said. Ohhhh if we raised rates, things would be worseee. They cant get any worse.

Wow. Lots of gloom and doom in the comments today. Nothing in banking can't be fixed with removing all of the horrible recession era mistakes the governments made. Just increase your interest rates for heavens sake. If you want banks to actually have an incentive to do business, you cant maintain an artificial 0% interest rate for eternity. All of this malaise and gloom is because of mismanagement. A few years maybe to stimulate the economy but 10 years?? In our lifetimes we have never seen such a period of ridiculous low interest and low GDP growth for such an extended length of time. Yes BOI can easily be a 20 Bn company again, provided you NORMALIZE the environment

I'm going to take the side of the Imperialists in the balls-contest going on below :-P As an American I dont have a bloody clue how to visualise metric measurements. Theres really no reason to change either. We have a huge country with hundreds of millions of people all of whom instinctively know miles and feet and pounds and fahrenheit. Would be a major hit on the economy for any change. I would guess on the order of a percentage of GDP in all the confusion and signing etc

Why does it take the EU years and years of lead time to increase the interest rates to normal levels? 2019?? America has done it like 3 or 4 times in the past year and more to come! See these are the downsides of the EU. Youre stuck with a slow moving huge beurocracy which maintains bad economic policy much longer than it should. Raise the rates!!

Come on, you guys need to Make Ireland Great Again. I own a lot of shares of this. The old tired recession era policies of artificially low interest rates, mediocre GDP growth, and financial over regulation is FINALLY dead and gone in America. Take the shackles off your banks and lets see this baby boom!

Ah the stupidity of mortgage rate caps is back. It takes about 5 seconds to figure out that all this does is cause the banks to stop lending to poor/ credit challenged people. Better having a 5% rate than no mortgage at all right? Ditch all your country's horrid leftist policies ASAP and you will finally have a robust economy.

Theoretical question for you fine ladies and gentlement. I have about 65K in US pink sheet shares of this stock derived from the former ADR. Im running a scenario in my head and want your thoughts. Would you sell your entire share lot and buy TEVA with it now? I obviously know this thing will produce about 2K in dividends to me each year but I just dont know if its going to appreciate much or if this price is just the standard baked in price, where TEVA might go up to like double with any kind of recovery. I tend to like battered stocks so this and FTS (Frontier) both interest me great. Of these 2 BIRG and TEVA, which is the faster double bagger in your opinion?

Oh just for your edification little man, based off of your (so nicely presented) 13 cent estimate, I would estimate my first half dividend to be about $1000. I will let your brilliant analysis and bad attitude determine how many shares I own accordingly. $2000 a year isnt bad and obviously could go higher, and Im glad I invested in this now. Have a nice day arse.