Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
the markets have known about irish banks screwing over borrowers for a long time now , this is surely priced in at this stage ? the markets also know how high a margin irish banks have compared to other european lenders , i suspect the depressed SP of bank of ireland is almost entirely down to BREXIT
were the business of cancelled flights by the hundreds be attached to easyjet , this stock would be down 30% this past month , such is the absolute bullishness around ryanair , the stock has had an amazingly mild correction , ryanair is simply a far stronger brand and company im still positive on easy jet and its been great for trades this past fourteen months , topped up @ �11.50 a few weeks back
carl ichan made a blunder selling @ $ 100 even he bought in @ $60
the reason auto stocks are weak right now is because wall st has parked traditional auto and hitched its wagon to the electric - tesla bubble , notice all this blather about how everyone will either be driving electric cars in ten years or not at all , self driving cars are the latest hullabulloo when the tesla bubble runs its course , dirt cheap stocks like bmw , daimler and gm will rally , could take a few more years however but all of the above easily cover their hefty dividends , unlike the likes of BP or shell which has minimal if near non existant dividend cover
being held down by someone big with an agenda , happens to stocks all the time auto stocks across europe and the usa have been held down for two years , bmw , daimler , gm , ford , all have record sales , dividend yields of over 4% and PE,s of around 7 on average , thats an entire sector , apple stayed around $100 for more than two years , its $150 now despite having done nothing it hasnt done for several years
i bought more today @ 23 cents flat but ive a buy in at .202 , i think its 50 - 50 whether 20 cents is tested , momentum is downwards so a proper bottom needs to be formed , overall market is also turning over a little in europe
while support appears to be holding above 22 cents , the stock has been in limbo for several months now , you might suspect a shakeout if required before we resume an upward rise
for ireland especially , the chances of a hard border have been reduced by this result , the DUP are more pragmatic than may look the case , the result will weaken the brexiteers within the tories as well bank of ireland may touch 20 cent but im buying more today having been out for months
the 200 day was always likely to be tested
im guessing 30 cents based on PE levels and PB of the majority of financials across europe
john mc , i think that was further back than last october , perhaps even the october before that ? im not trashing the company but some stocks just never get the respect they deserve , compare its performance to that of kingspan , i know kingspan has been knocking it out of the park but its so much more expensive smurfit kappa has underpeformed the market this past three years , i know you picked it up at 7 but that was when everything was on the floor , ten years ago the stock was close to 20
that financials are back in favour ( in a big way ) is more important right now than brexit , i can see bank of ireland over 30 cents within six months easily ps anyone got a view on smurfit kappa right now , bought prior to dividend for 23.50 but the stock has been in a range now for two years , no discussion on it anywhere so sneaking this one in
hard to know whether we see a break out this quarter , apart from it being a seasonally weak time for markets , results were not exactly flawless , its a very cheap stock but has been for several years now , i think we pull back 10 % and at best touch the yearly high before next earnings