Member Info for Joeoh33

Life in the old dog yet!

Irish banks have little or no exposure to the bond market.
Stuffed full of sticky deposits.
Earning good interest on their regulatory deposits with the ECB.
Have a strange hold on their home market.
What’s not to like?

GLA.

All quiet on the Western front it’s seems…..

GLA

Black would be nice…

GLA

Bank shares are a sea of red, while this board is a sea of green!

GLA

facepalm
/'fe?sp??m/
INFORMAL
noun
a gesture in which the palm of one's hand is brought to one's face as an expression of dismay, exasperation, embarrassment, etc.
"I'm pretty sure said friend now thinks Anne and I are dating—facepalm!"

Joxer, was thinking the same thing. Maybe she just likes a project! Or perhaps using the Andy Farell adversity makes you grow stuff? Anyway she done some good so all the best to her.

GLA

From RNS:

Bank of Ireland Group plc ("the Group") announces that subject to approval by shareholders at the Annual General Meeting on 23 May 2023, the proposed final dividend for 2022 of 21.0 cent per share which was announced by the Group on 7 March 2023, will be paid on 13 June 2023 to shareholders on the register on 12 May 2023.

GLA

If the concerns are based on deposits and/or poorly priced bonds then for once this FKIR is on the right side of the equation…….

GLA

AIB booked a €316M impairment charge as well.

AIB results show a return to shareholders of just under 50% of after tax profits - €381m out of €765m or €0.143 a share. BOi take note!

GLA

BOI announced €350m dividend & buybacks or €0.325 a share, wonder what AIB will go with? A €350m dividend would give €0.135 a share?

GLA

From the report:

Through continual engagement with shareholders,yourBoardunderstands the importance of distributions. Today, we are announcing distributions of ??350 million, an increase from ??104 million in 2022. This comprises a 21 cent per share dividend totalling ??225 million and, sub??ect to regulatory approval, a share buyback of ??125 million. ??s part of the strategic refresh being announced today, the Group has updated its distribution policy. The Group’s aim is to distribute an annual ordinary dividend building to c.40?? of statutory profits, with the policy having a range of c.40??60?? to provide flexibility if required. The Board will also consider the distribution of surplus capital on an annual basis.

So €350m/1.075B shares is €0.325 / share…….and a carrot of capital returns later?

Better than I thought it would be.

GLA

Now your cooking…

GLA

Well….last chance to bale coming up, Monday beckons….. **** or bust!

GLA

0.25c or the toys are coming out of the pram….

Now we are private, I couldn’t give a flute for the buybacks!

GLA

John,

I have had many a kick in the butt and worse from this FKIR, and am sure that there is more to come particularly on the dividend front!

At least the SP is up 27c today, a handy dividend for the brave.

GLA

If earnings are supposedly cira €1.00 / share……a flipping 20c dividend is giving a right two fingers to the shareholders

GLA

Blackstone or not, 8.92 % can’t be “dumped” without causing mayhem, the fact that they are constantly building- despite previous behaviour - is significant.
They have bought in at all prices up to now, the idea that they would now wreck their position is hard to see?
GLA

I suppose they are still a way off takeover territory but definitely have a lot to offer someone else who may be interested?
GLA

Ash,

Yes, a hefty 8.92%

GLA

Assuming earnings of €1.2B a Sp of €12.5 gives a PE of 10.42
Currently €10.0 gives a PE of 8.33

Getting frothy?

GLA