Member Info for Joeoh33

Well, she is down €0.49 from his €10.60 selling point, so swings and roundabouts etc.

GLA

Exuberant sentiment => Momentum + FOMO => Realisation that BKIR has nothing to do with it = Profit taking.

Or something like that?

GLA

Cooking, China is as good a reason as any, Irish Banks are utterly unexposed to International Banking Market but sentiment is sentiment, and that is what matters?

GLA

GG, I would say for the same reasons that Ulster & KBC jumped ship?

GLA

Thinking about it, a quarterly dividend would do wonders for the SP, any takers for a Feb interim say €0.35……

Surely this cash machine will pay out for 2024?

Interim of €0.35 paid Nov 2024 with final of €0.65 paid next June, giving an attractive total dividend of €1.00 for 2024!

GLA

Yeats, if the rates environment in the past 2 years couldn’t get this share above €11.00 then what will? The target SP by most has been 30% above this figure, so what gives?

The valuation of Irish banks is not that far off Euro norms, unlike the Bat$hit numbers on Nvidia etc.

I say this bank is worth 12-15 B, but obviously I am in the minority?

GLA.

Yes…..

It’s been a struggle, but I am still hopeful?

GLA

Replying to your own post:

Yes Joeoh, that 0.5 % drop to US rates combined with the no change position of the UK CB seems to have worked out well for this BOI share……

Obviously this isn’t the forum for chat about this actual share ?

GLA

So a 0.5% cut…..

Implications for us?

GLA

“€300,000,000 Fixed Rate Reset Callable Subordinated Tier 2 Notes due 14 October 2029”

These bonds are being paid back 5 years early? A good thing surely?

GLA

These are being paid off early

We have a lovely little Banco here, nicely capitalised and part of a duopoly, surely better than a second rate bank in a once great country…….

GLA

Yeats,

There is an awful lot of money swilling around Ireland atm, Oasis tickets - booked out, €130 tickets to Santa in Ireland - booked out, a lot of talk of cost of living still selling newspapers but not getting votes?

The country is awash with tax receipts but still has a messed up share investment / tax structure, the government is missing a trick here.

GLA

Yeats, this SOB certainly doesn’t seem to like staying in double figures! There will be some other calamity that will somehow keep her down……

GLA

Yes, I seen a report on it in the BP yesterday, seems it was well received, oversubscribed and BOI got a substantial reduction in the coupon it had to offer, good business then.

GLA

Any of you bright sparks out there know what this is?

GLA

Here’s maybe more palatable information: according to SBP since July good old Bank of America has built up a €550M position in AIB. (4.4%).

GLA

Your probably right Ken, I could just have a case of the itchy finger syndrome!

GLA

Anyone here in AIB?

I have a few in our sister bank and am sorely tempted to bail…..it’s near its 52 week high and it seems all the good news is behind it?

GLA

John,

I repeat:

Buybacks don’t return Money to shareholders.

Buybacks can’t guarantee share appreciation, however dividends do guarantee that the profits of a company (actual money) is returned to shareholders.

All the MONEY that BKIR spent to raise the SP was wiped out in an afternoon last week? The shareholders should be given the money and let us decide what to do with it? Buybacks are a trendy / stockbroker hit currently!

GLA