Member Info for Joeoh33

We got interim results in July for first half of year, €1.0B PBT & 18.4% ROTE etc.), I am thinking that as interest rates have gone up since June, guidance might improve?

GLA

What’s the forecast for the management statement on the 26/10/23……

Will we get a bit of ramping up towards it?

GLA

I wonder how much those geniuses are on?

(€1.8B profit X 7.5 P/E ) / 1B shares = €13.5 => Amazing!

GLA

Brutal share!

GLA

Radar,

FairPlay to you for sticking it out. Hope you got a few quid out of this old FKIR!

All the best .

GLA

What’s the forecast?

A doubling of the Bank Levy.

If they leave it at that I would be happy enough!

Although, it’s hardly encouraging other banks into the market…..

GLA

Radar, why do you that? PS - I am genuinely interested, not baiting you.

GLA

That didn’t last long……

GLA

GLA!

Given the current weakness, you could be forgiven for wondering why Sen Management aren’t buying in or at least looking at another share buyback program? Further to fall?

Hopefully todays move is on a whiff of a good H1 result?

GLA

Flipping pig of a share…..hopefully it’s just the less enthused punters baling out?

GLA

They definitely got good value for the €1B+ IT upgrade over the last few years….

GLA

PPS - More coverage on the Bank Levy in today’s BP , Minister McGrath reckons he will extend & adjust the bank levy to deal with the banks not passing on their profits to their depositors…….so he will take the money……of course this will mean less money available to increase returns to depositors? The minister could always reduce the 33% DIRT tax on deposits - but of course when won’t!

GLA

PS - rather than giving out about the banks, “The bold Charlie”, would have been far better to have advised his readers to buy Irish bank shares the see last few years!

That might have been useful financial advice…..

GLA

I see that the ever populist Charlie Weston is writing in today’s Independent to support an increase in the bank levy rather than a windfall tax as amongst other things he says that the Irish Banks are still not paying corporate tax due to the historic wipe outs and losses. (Deferred Tax Assets - DTA’s). Is this still the case as I can’t see it noted anywhere in the BOI financials?

GLA

What fresh calamity has befallen us this morning?

It’s nothing if not boring following this FKIR!

GLA

SF would love this policy and it work play out well given the affection for the banks!

Do the banks still have any tax credits left from the major losses?

GLA

I am sure CF have been able to predict the whole BOI story so far.

I am looking at:

PBT 23 @ 2.16B

PAT 23 @ 1.86B

EPS of €1.80

Dividend of at least €0.60

P/E 7.5

SP €13.5

Any takers?

GLA

Ash, it better be dividends! To hell with buybacks, less effective way of raising SP. €600/1.05B gives us €0.57 for a dividend.

GLA