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I am finally in profit with BIRG after more than 10 years waiting and averaging down. I think this SP has a lot higher to go personally speaking. It is a better buy than AIB which is still mostly State owned.
6.50 by year end for BIRG?? A distinct possibility... Buy and hold.
I am finally in profit with BIRG after more than 10 years waiting and averaging down. I think this SP has a lot higher to go personally speaking. It is a better buy than AIB which is still mostly State owned.
6.50 by year end for BIRG?? A distinct possibility... Buy and hold.
Stringent EU measures in relation to Irish banking in particular has forced Irish banks to have much higher capital reserves than other EU banks owing to the last banking debacle of 2008/2009.
And rightly so!
This makes BOI and AIB very safe and secure with very solid bank reserves. In addition to this, Ulster Bank and KBC are leaving the Irish Market so this only strengthens the hand of these two pillar banks.
I said that OK. I meant the current SP was more or less half that of BIRG. I wasn't talking about actual capital.
Both bank shares will come close to doubling over time from their current SP especially when dividends are announced...
The Irish economy us built around Biotech, Pharma and IT..... Unaffected by Covid....bolstered in fact... Irish people have huge savings... Irish Bank shares were low owing to 1. Last banking debacle 2. Perception 3. The unknown.
Irish banks have the highest capital reserves of any other bank in the EU in terms of size... Very solid.
Hold and buy.
More good news for BIRG..and once the next dividend has been restored, the share price will hit 5.50 to 6.00 euro.
AIB is also a great bet at half the price of BIRG
https://www.independent.ie/business/irish/good-time-to-buy-as-orbis-takes-stakes-inbank-of-ireland-and-aib-40341447.html
I am also revising my target on this share.
In the light of today's very positive news for investors re: the withdrawal of KBC Bank, I feel that 6 euro can be achieved by the end of 2021...up from my previous max target of 5.50 euro.
The economy is very robust and mortgage applicaUlster bank and KBC Ultions are going through the roof in Ireland.
With Ulster Bank and KBC heading for the exit door, this can only be good news for the three remaking banks.....
I think this SP will hit 7 - 8 euro by end of 2022 or early 2023 barring any major blib!!
It is an awful pity that this forum has degenerated into a pathetic board fight between a few posters.
I do not know who the Moderator is, but he/she is doing a very poor job in keeping punters focussed on the one topic that should concern us all on this forum i. e. BIRG.
Only post if you have something reasonable to say about this bank stock or other related matters like the economies of Europe etc.
There are a few wasters who are regularly posting on this forum.... Go elsewhere!!!!!!
Difficult to know at what price this closed today.... 4.13, 4.18 or 4.20....varies according to the different sites.
BIRG will stagnate like all other bank shares until we have a 'real' opening of the economy in all of Europe, EU or otherwise.
I have 80k invested here so if it drops to 4 euro, I will sell half. My break even point is 4.50.
Birg will almost certainly pay a dividend in 2022...the Irish economy is much more robust in terms of its proportionate size than that of the UK and France for example given its high dependancy on the biopharma and biotechnology industries in particular which drive the Irish economy and which have not been affected at all by the pandemic.
Irish citizens have some of the highest savings in Europe but also have a major housing crisis..... Banks will profit enormously from an increased demand in mortgage applications which is one factor alone which will drive this SP northwards.
By the way, please concentrate on BIRG and not pathetic squabbling.... Otherwise migrate to the children's forum.
Bank stocks are exploding upwards everywhere.. I reiterate what I have said previously. BIRG will hit 5 euro by Summer and higher by late September.
http://www.investing.com/analysis/bank-stocks-are-on-fire-is-it-too-late-to-buy-them-200569053
BIRG needs to avoid another banking scandal... Deliberate overcharging (akin to theft), mortgage irregularities etc and actually concentrate on growing and managing the bank. The withdrawal of Ulster bank from ROI will also benefit BOI in the future.
I for one would love to see a major EU bank (and I strees EU!) like La societe generale or BNP Paribas or Banco Santander make a take over bid for Boi.... This would send the share price through the roof but I don't see this happening in the immediate anyway because the Irish market is just too small and the pandemic is still causing havoc.
The median price target for BIRG for 2021/early 2022 is 4.30 euro with a high of approx 7.50.
I think it will be somewhere in between myself.... 5.50 or 6.00 euro myself. Interest rates will probably go north so that will bolster banks profits. Irish economy is exceptionally robust and resistant and the tax take is solid. Remember Ireland's economy is built on Biotech and biopharma and high tech multinationals who will be staying put.
Even with some profit taking, birg will hit 5.00 by late Summer unless this pandamic digs in.......
https://markets.ft.com/data/equities/tearsheet/forecasts?s=BIR:ISE
Ireland slowest country in the EU to open up businesses.. As usual HSE making a mess of the vaccination programme and clueless in this respect. We have access to the White House on 17 March, St. Patrick's day (and not Paddy's day... I find that term demeaning.. Not other country would demean a Saint like they do in Ireland).
It would be nice to see Meehole Martin make a request to Irish Joe for a couple of million one shot Johnson and Johnson vaccinations.... He doesn't have the balls to ask him though. Not as if we would be looking for a freebie!! Just a supply.
When the Brits are sunning themselves abroad in June, we in Ireland will be stuck here wearing our oil skins and sporting our well used umbrellas.
Paul Reid on 450 k.... For doing what?? A clown.. Inept and incompetent.
Ireland has the strictest (and most unnecessary) Covid regime in EU...... none of that good for business....
Nevertheless, I still see BIRG hitting 4.50 or so by August/September...