Member Info for HippoPotaMoose

Taking 30 billion shares and current market cap of 300 million(ish) would equate to a share price of around e0.01 . I was looking for more info about this Enterprise Securities Market (ESM) and found some info here http://www.ise.ie/index.asp?locID=421&docID=-1 Looks like its the equivalent to the AIMS market in London , so looks like ALBK will still be trading and tradable . My estimate of share price from February on is a range from 1 cent to 10 cents . And 1 cent is 10% of 10cents and 10cents is 1000% of 1cent . IMO etc ! This could still be a multibagger 'Going Forward !'

Just reading The following from the Sunday Business post article 30 billion Albk shares after all the capital injections . That's massive dilution . Nearly 30 times more shares ? Anyway just looking and thinking out loud . Say a market cap of 3 billion when the dust settles ? divided by 30 billion shares giving a share price of around e0.10 . "This could see around 30 billion AIB shares in issue and a further dilution of the stake held by existing non-state shareholders, who together hold 800 million shares. Lenihan described the move last week as essential, and said the ‘‘bank needs to be secured’’."

That's shorting not shoring !

Be careful with the shoring if you feel that a company will fail . Both longs and shorts go into suspended animation ! For along time ! Maybe years if the company doesn't go bust !

Interesting Mark ! Was trying to join them before but they wouldn't take me ! (No Passport )

Your probably right Matt . Probably too much of peoples pensions etc. tied up in here for a Government or Europe to go for full Nationalisation . Even Labour probably won't go there either . In the 90% Government owned though . Still hope !

I'm thinking that ALBK has delayed all the things that it was meant to do this year , because the problems run too deep , and there isn't a fix other than Nationalisation . Now the IMF/EU are here in Ireland talking about pumping loads of capital into all the banks , so why does ALBK still need to do a rights issue any more . The capital going into ALBK will dilute shareholders to almost nothing either with or without a rights issue . IMO of course !

Hi Beatthehouse . My opinion now is that ALBK won't have any rights issue . Just straight nationalisation .

Just heard a figure today that Irish people have savings of about 100 Billion which I find strangely comforting . The Government will probably be trying its hardest to get it's hands on some of that money .

Doh ! Lol I didn't see or think of the different currency ! She's showing 8% in the red at the moment . I'm thinking that ALBK may be for the Gluefactory yet !

Hi Nat ! I can see how you got the price . Someone panicking offloading "at best " yesterday morning and a buyer looking to buy at best . That self trade crowd look like a good broker !

You haven't been this positive for months Radar ! I'm laughing at and with you ! :)))

Don't know what to say . I'd be scared to go through a rights issue with them , unless you are into rights issues . Might still be a rise up to a rights issue but then dilution , and also more dilution with the new government stake of 3 billion . Very, very hard to call . They need a reasonably good price leading up to the rights issue to ensure not too much dilution and that they bring in enough money in the rights issue . I would say that they will get the price that they base the rights issue on . ( IMO ! DYOR ! Disclaimer !.) I would be inclined to hold at the moment up until the rights issue . Sell just before the rights issue and buy back at some point well after the rights issue if you want to . Copy what happened at BKIR ! ( IMO ! DYOR ! Disclaimer !.)

No major losses here Matt just some minor one from time to time . Bought at 1.36 mar 09 and they went down and down and then went to 2 euros and I eventually sold about 1.50 . Just had a few spread bet trades with them since is all . And won and lost on them .

Hi Auito . Just need a minute to write a bit . Don't sell yet is my advice . IMO . This is like RBS Not Connaught as that last fellow was hinting .

I have no idea Matt . The only thing is , that today's price at the moment is based on what the market is thinking 2 or 3 months down the line . Probably be huge dilution here and maybe share prices at 20c or less down the line , as banktech has hinted ! But not yet ! Imo ! Hope you are not too badly burned !

But this big Ejjit is just after taking a very speculative flutter on ALBK ! lol !

Not so sure Matt . Looks like trading in the us was 'Smart Money' sucking in more poor old ordinary money . The very rich get richer and the not so rich get screwed ! Albk down over 20% there at the moment and BKIR Up 1% . I think ALBK will be nice play yet , like RBS , but not now . In months down the line !

Effective Nationalisation of ALBK is what the radio says today . Hey maybe it's not too bad , probably just the same situation as RBS in the UK .