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Gone But Never Forgotten Undertaker Michael Noonan Care Of Minister Of Finance Govermant Buildings Dublin Ireland
You can get live prices for free on Shareprice.co.uk
Down 10% today on the irish stock exchange
Sorry my mistake But who knows maybe 117-119 not far away all we need is buyers after all this is a bank not a pigy bank as you would be forgiven for thinking looking at the share price.
Last few trades @117-119p anyone any thoughts?
From an investment of 25k here over 6 months ago and takeing a loss of over 21k last week I have just bought 30k shares with the balance of my overall investment @13p. Just hopeing that we have hit rock bottom and that we get back on the road to some sort of recovery after all verry little has changed excepted the share price witch I think is the result of bad press and a stress test that was way over the top
When are the investors of Irish shares like IPM/BKIR going to take a stand against RTE/David Murphy that are in my opinion solely responsible for todays collapse in IPM share price. A lot of investors here like myself suffered a massive loss today on the back of RTE News items that was headline news all day from 7am telling the nation that IPM was to be effectively nationalised by Friday after the stress tests results are released. This in my opinion was nothing short of reckless journalism and market manipulation that benefitted nobody other than the Shorter's makes me wonder in who's interest was David Murphy's report serving other than people in the know and obviously made a killing on todays collapse in share price. I have this evening sent an email to RTE through my solicitor threatning legal action against RTE/David Murphy for damages and finicial loss suffered following todays reports if as I believe that it turns out IPM are not taking into majority state ownership by Friday. I would advise anyone else that has lost heavily on todays fall to also email RTE and threaten legal action to recover losses suffered today.
Why are they keeping this back with such a wide spread?
For investers that have balls the one thing we can be sure of is that after the falls over the past number of weeks that whenever we hit the floor this will over a short time recover all the losses verry quickely so hold if you can
Think possitve long term we will get these banks back working and making profit on a stand alone basis. My gess is long term both IPM/BKIR will come good and will make a good return for many private investers that have bough at these prices a hell of alot better than what they will give us on any investments we have with them at present deposit intrest rates,
Irish Life & Permanent IPM.I Focus will move to PCAR/PLAR as 2010 results are in line 02 March 2011 Emer Lang Closing Price: 94c Rating: NEUTRAL Issued: 04/01/11 Previous: OUTPERFORM Issued: 30/06/09 2010 results broadly in line with our expectations Operating losses of €197m are in line with 2009 and slightly below our forecast of €199m. Life operating profits of €160m are up 57% on 2009, albeit assumption changes of a negative €41m (forecast -€15m) leave them behind our forecast €176m. Banking losses of €364m compare favourably with our forecast €381m as both costs (-€11m) and impairment losses (-€5m) came in behind our estimates. Embedded value shareholders funds of €2,045m (738c per share) compare with our forecast €2,361m (852c) as negative AFS reserve movements reduce bank net assets to €138m. Yet capital ratios remain robust due to strong cash-flow generation by the life business. Deducting available dividends of €243m to recapitalise the bank leaves life solvency cover at 1.75 times, while including the dividend takes bank core Tier 1 to 12.2%. Life business has stabilised but bank outlook remains unclear Life profits recovered to a more 'normal' level in 2010. Sales stabilised, costs were reduced and the group focused on normalising persistency levels, leaving it better positioned for what remain difficult market conditions. Yet the bank remains clouded with uncertainty as funding/impairment challenges remain. The group confirms that its attempt to merge PTSB with EBS has not been successful, but continues to believe that the logic for consolidation remains compelling. Ultimately group prospects hinge on securing a banking solution. Management acknowledge that the PCAR and PLAR exercises will determine what is required of the bank in terms of de-leveraging and capital adequacy
Morning Equity Briefing You are here: Home > Davy Research > Morning Equity Briefing Irish Life & Permanent (IPM ID) Getting more out of life hinges primarily on a bank solution Emer Lang Closing Price: 95c Rating: Neutral 04/01/11 Previous: Outperform 30/06/09 The macro backdrop for IPM's bank, PTSB, remains very tough as Ireland pursues its four-year austerity drive. An unsustainable funding structure, the inability to access wholesale markets at a reasonable cost and rising impairments add to the challenge. The strategy of spinning out PTSB separately to merge it with EBS has been thrown into confusion by higher stipulated capital requirements, competition from private equity interests and an over-riding need to downsize the banking system. In theory, options for the bank range from 'going-it-alone' to participating in industry restructuring to running it down. In practice, however, all these options give rise to particular issues/complications. Management has predicted a significant rebound (70%) in 2010 life and pensions profits despite lingering corporate business persistency issues. Proposed budgetary pension measures designed to save the Exchequer €700m may weigh on the life business, but details have yet to be agreed. A new government looks likely to favour alternatives to tax relief reduction. The group's prospects hinge on delivering a banking solution and the cost of that solution. Ultimately, however, any solution must form part of the 'deep restructuring' of the broader Irish banking system. For further detail, see our research report issued February 14th
This has taken a right hammering this last week because of the problem with the to big banks
KeywordCompanyEPIC/TIDMSEDOL/ISINNews PriceAnnouncementsFundamentalsNewsArticleRSSAllied Irish Banks, p.l.c. (ALBK)Add to Alerts list Print Mail a friend Monday 13 December, 2010Allied Irish Banks, p.l.c. AIB - bonus payments not to be paid The Board of Allied Irish Banks, p.l.c. ("AIB") [NYSE:AIB] met this evening to consider a letter received from the Minister for Finance in relation to the payment of bonuses to certain employees. Previously the Board had received strong legal advice that it was obliged to pay these bonuses. However the letter from the Minister conveys a decision by him to legislate which overtakes this obligation. In his letter, the Minister stated that the provision of further State funding to AIB will be conditional on the non-payment of any bonuses awarded, no matter when they may have been earned. The letter to the Board stated that without the State support which had been provided in a variety of forms, AIB could not have survived until now. The bank very much appreciates the support it has received to date from the State and the Irish taxpayers and acknowledges that it will continue to rely on this support for some time to come. Accordingly, the Board has decided not to pay the bonuses. The Executive Chairman of AIB Mr David Hodgkinson said "The Board of AIB very much welcomes the actions of the Minister and is relieved to be in a position not to pay these bonuses. We are determined to position the Bank to play a full role in the recovery and development of the Irish economy. In doing so, we are committed to treating our customers, staff, the taxpayer and the public in a fair and transparent manner". - ENDS - For further information, please contact: Alan Kelly Ronan Sheridan
Nice bit of research looking very good get your cheque book out
Even at todays price these are in my opinion the best opportunity to make anything from 100/200% return on your investment in the coming year, My sell target of 50% of my holding is 3 euros,
While everyone is focused on the too big banks I think the better return on any investment is found hear with little or no risk, Bought these for the first time in the last couple of weeks and already up over 80%, I absolutley beleve that these will go back to 3 euro by easter,
Have almost 51k of these @ 75p average, If price holds at this level next week I hopefully will double that amount I have full confindence in this company going forward expect the price to go up 50% before the new year Whenever the budget is pasted and general election date confirmed these will move along back to the 3 euro mark,
Of all the banks that are in troble this one will return 50% on any investment at these prices in weeks,
Why did they not put us out of our misery and take the lot?