Member Info for Joeoh33

From RTE

https://www.rte.ie/news/business/2022/1107/1333750-state-to-sell-a-further-8-of-its-stake-in-aib/

Bailing before Mary Lu can get her mitts on it!

GLA

It’s a bit rich of the media / political shrills talking up the data centre banks as competitors when the actual banks are slated for trying to compete by going online and closing branches…

Try reasoning with the Revolut app for the craic!

GLA

Hard to know what to make of this dog……

Howth, you would have to hope for the former or we are in trouble on several fronts!

GLA

BOI SP around €7.50 - Market Cap Cira €8B
AIB SP around €3.00 - Market Cap Cira €8B

For AIB SP to double => Market Cap has a bit of work to do?

GLA

The BOI IMS 09/11/22 will make for INTERESTing reading…..

GLA

AIB posting an upbeat 3rd Quarter Trading Statement obviously another reason……..unreal

GLA

Lloyds UK forecast is acting the Grinch…..

GLA

Looks like .75% rise is nailed on today, what about another .5% for Xmas…..that should lift the SP?

GLA

Since their self indulgent and deluded Brexit, nothing surprises me now, it comes to something when Irish politicians look like professionals compared to the romper room antics in Westminster!

GLA

John, would you not just filter any posters you have such a poor relationship with? Your blood pressure will thank you!

GLA

Well flip me, down another 3%, this share just hates good news!

GLA

Talk in the journal of an easing of Irish Central Bank lending rules….may see the 3.5X salary limit move to 4X.

Should be good for the banks?

GLA

Maybe someone got a glimpse of Mary Lou coming round the corner…..

Something certainly spooking the Irish banks, perhaps not as big an overall rate rise?

GLA

Yes, talk about out of the frying pan and into the fire!!!

As with all long serving administrations a general election and a spell in opposition is necessary to clear their heads.

Same with companies…….

GLA

John, we might see 8 before that if the chancellor gets the bullet today!

GLA

I see an attraction in calling this as a share that is at just round the corner from stardom etc. But really is there much more to go?
Obviously if you can stay the course then barring disaster you will be sound.
But where do we think the fair value is in the near term…..bills to pay etc! Can it see 8+ this side of Xmas?

ECB Meeting 27/10/22
BOI Interim Management Statement 09/11/22

Interesting times ahead

GLA

Joxer thankfully the list of known unknowns is getting small with:
Government stake gone
Tracker fine provisions ok
Negative interest rates behind us
Pandemic sorted
IT rebuilt
Competition reduced & book increased
Davy onboard

Just the unknown unknowns to worry about now!!!!

GLA

Anyone who has taken out a mortgage or a loan recently especially a business loan will confirm the process is now much stricter and the stress testing is actually done, not like the good old days!

GLA