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You plonker
lol
You're the idiot pal. just trying to give both sides of the argument to protect gullible punters from throwing more good money at this
Congrats. Now how do you propose to deal with the annual 400mill losses on the permo books due to tracker and non-performing mortgages? Maybe the victorious shareholders will cough up the dough? Victory is sweet alright
Lost a lot of money on this share and eventually sold out at 52c. Watched with horror as it collapsed all the way down to 3c. But the writing was on the wall for the previous 12 months here but due to a mixture of pride and hope small shareholders held on. The crooks on the BOD were secretly selling off their shares here and doing crooked deals with potential suitors long ago thus protecting their own hides. Lesson to be learned here is that small shareholders don't matter a crap in these institutions;it's all about the highly-paid execs who are supposed to be representing us but in reality are milking the company for their own gains. Hopefully some innocent punters can read this and think twice about blindly throwing hard-earned money into these cesspits for the benefit of others. Surely to jesus somebody should be made pay for this outrage
Maybe just a bit of ramping?
IPM shares. Writing was on the wall for a while now
You might be right but that's small comfort to the thousands of small shareholders(mostly elderly)who built up a portfolio over the years as a pension to live off the dividends;what must those misfortunes have been buying in here at? 2.5 bil govt injection will have a massive diluting effect here even at current prices. Irish economy will recover and new money will do well over time but gotta spare a thought for the misfortunes who've been wiped out through misinformation and downright lies from regulators and BOD's who were supposed to be acting in shareholders interests but in reality were all in an exclusive self-serving club
is going places lol! I remember about 2 years ago Davy's published a report for its "high net worth" clients recommending buying ipm when it was trading at about 4 euros;they reckoned it had a fair value of 10 euro per share
I'm having trouble getting an answer here as to how this sp can possibly have a sustained recovery. Perhaps you could spell it out? They're getting ready to put the life assurance and profitable sections refloated under an IPO and leave the massively loss-making bank to be recapitalised by the govt. Where is the sustained recovery?? Or do you mean the newly refloated section will be a recovery play? What benefit will that be to existing shareholders(who are now all but wiped out??). The govt have no obligation to look after current shareholders on preferential terms in the IPO and most significant holders exited long ago including the crafty h****rs on the BOD
meant to be 20-25%
They should be offering between 20-25/5 for you to overpay on a decent tracker rate to make it worth your while. Tread carefully;the offers will have to improve imo
I sold out at massive losses at 52c a few weeks back and also sold my holdings in BKIR and INM at the same time. I really believed for 2 years that Ireland was going to pull through and that share prices would recover. It is only when you are out of the game and step back that you can see clearly. It is only a matter of time til Ireland(along with Greece and Portugal) default and probably exit the euro. This is all occuring like a slowmotion train crash. How on earth can a country the size of Ireland pay back such massive debts;it can't happen and the powers that be know that. We will see a strategic default. Irish financial institutions are bust entities and will require massive capital injections. No govt will be allowed to be seen to go soft on existing shareholders by the public;there is too much anger out there. I can't advise you what to do but take a cold,hard look at the facts always before investing and never let emotions get involved. This company cannot survive in its current form;it has failed and therefore there should be no equity left in it
This company is basically insolvent after the results of the recent stress tests. They are preparing an IPO for the soon to be refloated life insurance business the proceeds of which will be used to reduce the recapitalisation needs of the bank but will in no way be enough so will require Irish Govt to invest new capital thus nationalising the loss-making bank. Where on earth do you see any shareholder value based on this widely publicised data? If you had bought in on Monday you would be nursing massive losses today. I highlighted this last weekend
What is your fundamental basis for investing in this share?
When the Irish financials share buying madness of 2009 was going on it was pure gamblers and inexperienced chancers who were buying. Granted a few shrewd boyos like Desmond got in but knew when to get out too. Point is no investor worth his salt would have touched them based on fundamentals and the same applies now. Why buy an Irish bank share at the present time? They are all loss-making and require massive recapitalisation and are operating in a bankrupt economy. If you can buy and hope for 10-15yrs fair enough but most of the punters on here are looking for shorter term gains and I fear they are being suckered in by MM's. Caveat emptor by someone who has learned the hard way. Sometimes you just have to walk away,cut you losses and look for new opportunities painful and all as it is. I think part of the problem in eire is we still have the celtic tiger mindset and can't really get our heads around what has happened and what is coming down the line. Where have all our masters of the universe gone? Dunne Quinlan et al. F####ked off to pastures new and couldn't give two hoots about thick paddy Irishman who has to pay back their gambling debts while they start afresh with funds channeled into extended family's names. What do you think this looks like to the outside world looking in? No wonder any investor worth his salt wouldn't touch Irish financials. The Irish people have only themselves to blame for putting up with this b####it
This company is about to have its profitable life assurance arm sold and the entire sale price will go into recapitalising its loss-making bank which wont nearly be enough to avoid needing govt funds invested thus nationalising it and probably forcing it to amalgamate with either BOI or AIB. Where is there any value for existing shareholders in any of this? Retail investors need to be wary as the same rubbish was being spouted about how BOI shares were great value for the last 18 months and now they're trading under 30c! This is pure gambling and if you can afford to lose your money then fair enough it can be entertaining. But I fear a lot of people buying Irish financial shares at the moment are trying desperately to recoup substantial losses already incurred on them and might be too emotinally involved. Be careful. This could tank to under 10c v quickly just as easily as hitting 30. There is no sound basis for investing here after the stress test results unless there is a govt u-turn as admittedly they did seem unduly harsh in ILP's case. GL
That's great to hear for prospective investors here. What do you base your projections on?
Why will sp recover? Irish life will be gone and bank will need the bones of 4 bill minus whatever they get for flogging the life business. Any improvement in IPM funding based on your suggestions seems like a drop in the ocean based on these deficits. New Irish life shareholders who take up IPO might do well and maybe even shareholders in the bank who take over the recapitalised permo. But why do you think the existing shareholders here have any equity left or any prospect for recovery given these facts?
Its true that other banks are doing ok with state support but they have diversified income streams and are not just mortgage lenders tied to loss-making trackers in a very weak economy. Where will the profits be generated in future yrs in a standalone Permo to justify taking a risk here.? For the record Ive lost a fortune on this dog believing the hype over the last few yrs from their bod. Most of the same ****es were selling their shares on the q t while telling us shareholders how they were different and didnt need a bailout!!