Member Info for Joeoh33

John, did they give any actual target pricing or do we have to infer it from their other mumbo jumbo?

GLA

Down 1.7% in Dublin today.

It’s hard to see how they could have had better results.

This is why I will never understand the market.

GLA.

Eyeing up an EPS for 2023 of >€2!

GLA

€820M would be nice….

GLA

Meanwhile back in the imaginary banking world:

-- In the baseline scenario the Group maintains a CET1 ratio of 21.4% (regulatory & fully loaded) in 2025.

-- In the adverse scenario this ratio decreases to 11.7% (regulatory & fully loaded) in 2025.

The Group's peak fully loaded CET1 depletion under the 2023 stress scenario is c.420 basis points vs c.530 basis points in the 2021 exercise, an improvement of c.110 basis points. The c.420 basis point depletion in 2023 is c.50 basis points better than the EU average compared to c.50 basis points worse than the EU average in 2021. This improved performance reflects actions the Group has taken to enhance its business model and the improved resilience of the Group's capital to stress scenarios.

The Group's capital position is strong and the Group continues to organically generate capital. At the end of March 2023, the Group's regulatory CET1 ratio was 14.6%, c.365 basis points over end-2023 regulatory requirements of 10.95% (excluding P2G), and the Group's fully loaded CET1 ratio was 14.4%. The Group's 2023 Interim Results are being released on Monday 31 July.

GLA

AIB 1.2B operating profit

850M after tax

20% RoE

Not too shabby

GLA

Perhaps the jungle drums must be saying the AIB results are a bit off? The biggest stockbrokers in Ireland are after all owned by the biggest banks in Ireland……

GLA

God, you would wonder what a bad write up would do to the SP!

GLA

John,

Agreed and given the 2:1 ratios between AIB and BOI, I would think 66c for BOI is not unreasonable?

GLA

Lorcan Allen of the BP is calling €2.2B+ for AIB 2023 profits & a 5 X increase in cash dividend to 33c with another €200M buybacks - all very encouraging for BOI if they grow a pair!

GLA

With a continuation of the general stock appreciation and another 25 points on the ECC interest rates we may well get over the 10 next week? Would be nice fillip for the Hols!

GLA

Nice colour this morning!

GLA

Given all that, what was the point of the interview?

More weak sauce from the BOI board vis its leader.

Spineless !

GLA

Yes, listened to the podcast, all very wishy washy from Bobby and Myles just allowed to waffle on about colleagues, fairness of deposit rates and return on equity etc.

GLA

john, don’t mention 2006! everyone then was talking up the banks and look how that turned out….

i am listening to the ****etalk podcast special on sean quinn and it’s still flabbergasting what when on back in the day!

gla

John,

Did they happen to give any guidance / target price updates etc?

GLA

It’s got to something when to make stocks go up they want bad news…..

Have we lost the run of ourselves?

GLA

Int Div would certainly be a boon for the SP, however, I can’t see the current BOI board doing it, a bit too shareholder focused for their liking! Hope I am wrong….GLA

Lifts ALL the boats as they say?

GLA

Anyone watching know what was said that caused the drop?

GLA