Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Big buyers probably waiting for SP to fall as low as possible before topping up before ex dividend date on May 11. Another boost to bottom line profits today with ECB RATE RISE OF .25% and rating by Goldman Sachs of 11.20 sp.
Ex dividend date 11th May fast approaching. Dividend paid to owners holding shares on that date. Is there a move to force SP down leading up to a few days before that date and will we see some sudden big purchases to benefit from the dividend?
Recent results were good, future prospects are optimistic. ECB to raise interest rates again tomorrow so more interest direct to bottom line profits.
SVB and Signature banks likely to have minimum impact on BKIR, or so were told. Is there something we don't know causing this 8% drop today?
At long last. Worth waiting for ; Extract from Results Statement.
· Proposed distribution of €350 million, reflecting strong financial performance; €225 million ordinary dividend (21 cents per share), equivalent to 25% pay-out ratio of statutory profit, combined with €125 million additional distribution via share buyback, subject to regulatory approval
Important Dates are ;
7 March annual results announced , should ndicate the dividend to be paid
Ex dividend date not issued yet but was 22 May in 2022. Shares held before that date will receive a dividend. Shares bought on ex dividend date or after will not receive a dividend
Dividend payment date is 9June 2023, date in which dividends will be paid.
Banks given boost by low interest rates for savers
Credit Suisse analysts 'bullish' on Bank of Ireland and AIB shares
SEAN POLLOCK BUSINESS REPORTER
Irish banks are enjoying a financial boost from being slower than most of their European peers at passing on rising interest rates to savers, according to a new report by Credit Suisse which highlights how KBC and Ulster Bank's exits will benefit the two main pillar banks.
The Swiss investment bank's report on Dublin-listed AIB and Bank of Ireland predicted their share prices would outperform the sector.
The Credit Suisse report highlights several factors, including that the Irish banks had been slower to pass on higher interest rates to customer deposits despite the European Central Bank (ECB) hiking interest rates. Looking over the last three months to December, Ireland had "one of the lowest deposit rate increases in Europe”. The report added Ireland had the "lowest deposit rates in Europe, except Portugal”.
Credit Suisse said the low deposit rate increases in Ireland meant the two banks would see significant deposit margin increases over the fourth quarter, with their net interest income (NII) set to be larger than anticipated.
NII is the difference between the revenue a bank earns from loans and the rate it pays to raise deposits. Both AIB and Bank of Ireland announced increases to their deposit rates in recent weeks.
Credit Suisse said it initiated on both AIB and Bank of Ireland with a "bullish view” on the Irish banking market. "We think a differentiated market story of consolidation, changed industry structure and outperforming macro has yet to be fully reflected in the share prices
So far the CFO's purchase of shares at 8.82 euro hasn't jinxt us. Unfortunately we are doing well while mortgage holders are suffering. I'm not complaining as I am back in decent profit after my heavy losses since 2009
Very positive overview of Irish Banking.
RTE news : Major change the predominant theme in banking in 2022
http://www.rte.ie/news/business/2022/1216/1342231-major-change-the-predominant-theme-in-banking-in-2022/
John Hume and Observe 1& 2 post some great analyses which are greatly appreciated . Unfortunately their constant references to the Donkey is now nearly as big an annoyance as the Donkey . Please don't belittle your contributions by referring to the Donkey. Please use the filter.