Member Info for janeyUU

Its tempting to hold off my monthly salary splurge but at €4.36 it seems way undervalued and I must keep with my plan of cost averaging .
Bank Of Ireland Group is good value based on earnings compared to the GB Banks industry average. The GB banks are undervalued compared to the rest of the world. It's all about Brexit!
The future cash flow of BOI is priced at a 21% discount to the current share price. That's really unheard of for an institution like Bank Of Ireland. Its share price is behaving more like a penny stock now. It's being very volatile with downward momentum over the last 3 months.
We are at 14.5c in old money. It could go below 14c. Its really becoming the stockmarket buy of the month.
Hurdles to overcome in the short term are
Brexit
Deutsche Bank
Capital Group Companies, Inc. selling off the remainder of their holding
Blackrock Manipulation.
Buy, hold for 18 months, double your money :p

I suppose you'll be shilling some Altcoin crypto next.
Zamano Coin
:p

Well UCB is a Belgian stock so not all UK & Ireland.
As for the UK market in General, there seems to be much better value than US stocks. The US stock market seems to be the only market thats on a bull run

Well seeing as Capital Group Companies, Inc has 30 million shares that they are selling/moving then it's going to be below €5 for another few weeks. Which is all good for me as I am buying for a long term hold.
Irish & UK Stocks I am buying at present
Bank of Ireland
Aryzta
Stobart
UCB Pharma
All low key stocks with big upside potentials

Jezz you just named Fermoy & Ennis, which are the fastest growing towns in Ireland at the moment. Ennis town and hinterland services a Population of close to 50,000 for just one Branch. Don't really see them as a social service, they are more automated now with loads of self service machines. gone are the days of the queue.
The big two banks have next to zero competition. I'm not talking card services but real money making activities like commercial loans, Car loans, private loans ,Mortgages, funding and acquisitions, leveraged funding, corporate and trade finance. some of those Commercial loans can be at rates up to 10% interest in cases.
I think there's an air of doom and gloom around traditional banking. For some reason people think that the Shadow banking of non-traditional banking activities and institutions including special purpose vehicles, hedge funds, crowdfunding, offshore trusts, Cryptos and money market funds are the future. These shadow banking activities are in for one hell of a wake up call very soon as most operate with very little regulation and are yet to be put in line.
At the end of the day BOI are making profits, Brexit and DB are the drag on the whole banking system. What interests me is the fact that they are a small bank operating as a monopoly. The Market Cap of the bank is small change to the big institutions. At less than €5 billion Mcap, Government looking to sell its 14% holding, they ripe for a takeover.

linky sorry :)
https://investorrelations.bankofireland.com/app/uploads/BOI-Credit-Presentation-March-2019-1.pdf

Have a read of the march presentation, it is a good starting point. But basically this sale doesn't reduce the exposure to the UK that much. But what it does do is get rid of a non profit making part of the UK business This sale is a good deal for them as they got fair value. That's much better than taking a haircut on such assets..
BOI seem to be getting on with the streamlining and focusing of the business. I don't expect anything other than more share price shenanigans for the next few weeks but I'll be using it as an opportunity to buy

€5,040M just no, not bad really, only a 40% drop in 12 months.
Interim Results Announcements at the end of July. That should be interesting.

21c 2020 is a divi yeild of 4.55%
29c 2021 is 6.3%

Thats a 11% roi on under 2 years from dividends alone! From what can only be seen as a very solid bank, very ordinary bank. This is an amazing opportunity.
Tuesday (Pay-day) can't come soon enough for me!

offshore exploration :- Just have a think about it. PVR have 27% of an asset but that asset is 60 miles plus out in the Atlantic. It costs a fortune to do oil exploration that far out to Sea. If the permission is that restrictive then then you are correct and their isn't a hope in hell of getting anything done.
Too many trap doors here.

More like the movement of money is changing. Looking at the effect of Wechat and Alipay in Asia it can be seen that the current banking model is going to change. The need for a purse full of cash is long gone. What we have now is a variety of payment systems. Its the other services that offer rich rewards for the banks. I can't see the ability to take out a Mortgage on a house being as simple as swiping left on my iphone any time soon. We've had the internet for years and that was supposed to be the end of Banking too. Come to think of it the Diners Club card was to be the end of Banking back in the day.
Banks in China still exist, the bad news for the big ones are state controlled. A job in a bank was seen as a golden ticket for life. I hope this won't happen in Bank of Ireland, that 14% Government holding needs to get sold as the last thing we need is a bunch of employee's lobbying the Government to save their jobs from Siri, Hey Google or Cortana
All things going well with the Children's hospital and Rural Broadband cost overruns the need to offload that 14% will increase.
I know of this company X which makes €1 billion profit and has been allow to avail of tax exemption for years to come. It currently has a Mcap of €5 billion. Surly this cannot be passed over.

As long as they are not a distressed seller. If they were the fire-sale value of assets would be 1 tenth its true value.
Having said that, I'm confident and a buyer at the current share price

This is drifting lower on very low volumes. Looks like a bargain at these prices, certainly undervalued now. I wonder how long before we get a big fund or another bank circling here.
Wouldn't surprise me if there is some Asian bank lurking under a black rock.
Why have we go no Director dealings at these prices?

It's at this level due to selling over the last 18 months. Dog eat dog yes but have they bitten more than they are able to chew?

Funny how Blackrocks has got a similar percentage in Deutsche bank as well. Other than that I can't really see the correlation between DB and BOI. One is an Investment bank out of its league with too many costly employees, the other is just a plain old profitable bank with many assets under valued. I wish francesca mcdonagh would get tough with those non-performing Buy to let mortgages. They are taking the p** really, some of them are happy to collect huge rents and make no effort to repay the loans.

apart from this for BOI it's all Brexit related. As soon as it's done and dealt with the EU can focus on Banking changes that would help Deutsche banks investment arm. So until then we have the silly season of Boris et al until they eventually decide to face the music.

This new layout feel odd. O_O

I disagree, yes the share price is being manipulated, but it is been done on very small volumes. If demand returns for this stock at any stage and volumes pick up then the price will move up very quickly. Until then I'll keep buying and holding. My price target here is €8.55. Laugh all you want but its not outside the realms of impossible. If that happens the bike I'll be buying is the BMW G310r and going on a long vacation.
You can get yourself an e-bicycle :p

I think a hard brexit would see this under €4. Its already well undervalued.
My Salary is in tomorrow so like the óinsech I'll go and buy some more!

Always accumulating a fraction of a percent at a time then dropping back below the threshold.
I think they are accumulating up to the threshold for some entity. Then offloading the shares to them to take themselves below the threshold again, at which point they can walk the share price back down ("manipulate the market") without having to report what they are up to.
The question is on who behalf they are doing this for?
Either way I'm using this opportunity to increase my holding, as it has always reaped nice returns anytime I leached off Blackrocks activities

If the Irish Government keep spending money on projects like the rural Broadband and on the national Children's hospital then it won't be long before they come cap in hand with the 14% to Blackrock.
Until then I'll keep adding here for another while until I get sense I suppose