Member Info for Joeoh33

I see our sister bank is out of majority state ownership, Gov down to 46.9% stake after selling another 5% @ €3.64 a share.

GLA

Wow STP…..keep your knickers on.

BOI has a large exposure to the UK, £20B and made £250M profit there in 2022….

GLA

Also in other news -

Banks and building societies will offer more flexibility to struggling mortgage-holders as rates soar.

The move comes after bank bosses met the chancellor, Jeremy Hunt, in Downing Street on Friday.

Borrowers will be able to make a temporary change to their mortgage terms, then will be able to return to their original deal within six months.

This would allow some to have lower repayments for a short time, by just paying the interest on the home loan.

Mr Hunt said the temporary flexibility on switching terms would not affect credit scores.

However, it will still be the case that missing payments or taking a total break on payments, known as a mortgage holiday, will still harm someone's ability to borrow in the future.

Lenders also agreed to a 12-month delay before taking repossession proceedings against borrowers unable, or unwilling, to pay over the long term.

GLA

Small bank - open Enconomy - lots of speculation - easy to dump as gains locked in long ago - poor dividends - weak management - what’s the growth story - poor investor relationships etc.

But I am still a believer!

GLA

I see what looks like a RNS to tidy up of older capital issues, anyone know what it’s means to the SP, if anything?

GLA

Goodbodys paid them on 13th.

GLA

Cooking,

It’s not my area.

I work in ROI and have a self administrated pension, that allows shares to be bought / sold and dividends paid tax free. I would imagine it’s possible to open a similar one if you have a PPS number and a source of income in the ROI?

GLA.

D Day!

Going on the lash tonight with my €0.20 Dividend!

A mighty 2.17% return at today’s SP.

GLA

Cooking, yes…..or just increase the dividend? The effect of a relatively small reduction in shares is lost against a doubling of the dividend?

GLA

John,

I am now Invested here only through a pension so it’s tax free on the way in.

However, I still feel that buying back your own shares is a cop out for companies on many levels. It’s up to the company to provide a dividend that survives tax, not pretend that things are better because you don’t have to pay tax?

GLA

John,

With 1.5B and a stated return of 50%, how would you like it distributed? As I now hold my BOI in a pension, I couldn’t care less about buybacks! So juicy Dividends for me please….

GLA

We are getting our €0.20 on Tuesday, hard to see the current weak board pushing that up by 150% for 2023 and a mad 200% for 24! That’s just not the treatment BOI meats out to its shareholders…

GLA

It doesn’t say?

https://www.centralbank.ie/docs/default-source/regulation/industry-market-sectors/securities-markets/short-selling-regulation/public-net-short-positions/table-of-significant-net-short-positions-in-shares.xls?sfvrsn=500

GLA

I see the mighty Marshall Wace have taken a €50M short position on our beauty………

GLA

That’s sound Cyber, will do.

Takeover Offfer?

I got a letter from Davy (Irish Stockbroker), telling me that there is a takeover bid on at £0.062 per share.

Need to respond by 13/06/23.

Seems too low?

GLA

John,

Analysts Smalysts!

The market is obviously not listening…

Hard cash is not that quick with its love at these levels!

GLA

GS might look to their own SP.

A more than 30% uplift for BKIR seems unlikely in the near term?

GLA

However, she definitely has the neck….

Given the SP today, you would think Marylou was already Taoiseach!