The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Call ur broker!
Dublin was trading at .226 London quoted. 2225-.2275 Hit the bid at .2225 slamming the brakes on any momemtun. Am I right?
New issue
Or no.. I still can't see us holding .22 until the 14th of july...
July 14th Francesca McDonough is finished at HSBC this week and has been in offices. The know about Blackrock shorting but hands are tied Got the impression they are looking to help the stock price around the reverse split..possibly a Special Divi
I urge people to make phone calls!!!
I don't think it's his prerogative to get involved in the daily trading of the stock. It is however to improve the balance sheet and it looks like AIB is beating it on every measure that counts.I think Boucher has been asleep at the wheel for the last 3 years. I think is time for a 'Times Letter'
Any chance the big boys are SETTING UP a hedge trade? Long BIR Short AIB in the next few weeks. I'm trying to make sense of what is going on.
.2225 close is my guess..
Couldn't agree more. AIB was completely broke and Bank of Ireland was considered the good investment. What have management at BOI been doing and why is AIB's balance sheet looking so much better now.
out NOW!!.
I'm laughing that Bank of Ireland management allow their company trade like a 2 bit penny stock. I think we should start a petition to get Boucher out. Obviously from the market reaction AIB management are doing a much much better job.
Not...
90% Institutions (my bet is our pension funds) Only 10% small investors (the general public is smarter than you think)
🖒
From what I'm hearing Francesca McDonagh will transform the 19th century culture at BOI.. I only wish she had already started because Boucher is a lame duck now
Bank of Ireland and BOI Private Banking seek merger approval Commercial Court hearing date fixed for 21st Bank of Ireland at College Green, Dublin. Mary Carolan Mon, Jun 19, 2017, 17:22 An application to merge Bank of Ireland Private Banking into Bank of Ireland will be heard at the Commercial Court next month. The merger application is being made under the Companies Act and, if granted, will mean BOIPB, curently registered as a private limited company, will no longer exist as a separate entity from BOI. Because court approval is required for such a merger, Denis McDonald SC, for Bank of Ireland and BOIPB, applied on Monday to have the relevant petition admitted to the Commercial Court. Mr Justice Brian McGovern agreed to admit the matter and fixed July 21st as the hearing date for the petition. In an affidavit, BOI director Andrew Keating said the merger will result in BOI being the successor and surviving company. The aim of the merger is to rationalise and simplify the group organisational (legal entity) structure by having BOIPB operate as a client segment within the retail division of the group, rather than as a stand-alone legal entity, he said. In the interests of commercial certainty, it is important the transaction be concluded expeditiously, he said. Because it is critical that the banks, their employees and customers have certainty on the completion timeline, the application was made to the fast-track Commercial Court, he added. The value of the business being transferred is significant, he also said. As of December 31st 2016, BOI had total assets of some €80.8 billion and liabilities of some €72.7 billion, giving a net asset value of some €8.1 billion. BOIPB had some €41.5million assets and some €6.4 million liabilities, giving a net asset value of some €35.1 million
Government has narrowed the price range at which it expects to float AIB on the stock market this week, reducing the maximum it could achieve for an initial stake sale to almost €3.6 billion. Investment banks working on the transaction revealed on Tuesday evening that the State’s disposal of up to a 28.8 per cent interest in AIB to new investors is now set to be priced at between €4.20 and €4.60 per share. An initial range of between €3.90 and €4.90 had been targeted early last week. The original range had pointed to a valuation of up to €13.3 billion for the bank and a price of as much as €3.8 billion for the Government stake currently being marketed to major international investors and small clients of Irish stockbroking firms. The new price range values AIB at between €11.4 billion and €12.5 billion. Investment bankers involved in Europe’s largest IPO so far this year said on Tuesday evening that they have secured enough orders - two days before the deal is expected to be finalised - to buy all the shares at the “upper half” of the new guidance. The earlier, wider price range had drawn demand for a “multiple” of the amount of shares on offer, according to the syndicate of banks. Firms including Bank of America Merrill Lynch, Davy, Deutsche Bank, Citigroup, Goldman Sachs, JP Morgan, UBS, Investec, Morgan Stanley and Goodbody Stockbrokers are set to share in about €41 million of fees related to the deal. Markets sources have said that the Government may be reluctant to price the stock aggressively, as this may reduce the market appetite for any further share placements as it seeks to extricate itself from the bank in the coming years. Former Minister for Finance Michael Noonan has previously said that it may take up to a decade to fully privatise the bank.
I think with the good weather everyone took a Bank Holiday Monday. I did. As far as the Irish Times goes the article is BS . 'An anonymous source' Does he work for MI5?
Thank you for your inquiry. This matter will be brought under consideration. Due to legal and confidential reasons the Irish Stock Exchange will not be in a position to update you of any impending investigation or outcome. Please Note: As the Central Bank of Ireland is the competent authority in Ireland for Market Abuse can you please contact them directly in relation to this matter through the following email address marketmonitoring@centralbank.ie Regards, _________________________________________________ John Batt Regulation Executive, Market Supervision john.batt@ise.ie Irish Stock Exchange, 28 Anglesea