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Some aspects taken from a commentary on both banks in mid september.
"BOI has had benefit of 8bn KBC portfolio since feb 23 and AIB has had benefit of 6 bn Ulster Bank portfolio since august 23 so will contribute fully to h2 23..This could result in AIB turning in an operating profit of 1.7bn in h2 and close to 3bn for full yr.
It is inevitable that BOI will trail behind in H2 and may well come in with an operating profit for H2 of close to 1.3bn. still close to a healthy 2.5bn for full yr.
AIB gained from the closure of 100 boi branches through client migration.
Both BOI and AIB are hugely undervalued given the sheer scale of current profit boom. BOI shares look a solid bet at this stage given their lowly rating. Nevertheless, difficult to see how high the market will drive these shares.
What is increasingly likely to happen is that BOI and AIB will opt to distribute monies from theor overflowing coffers. With soaring solvency and liquidity ratios well in excess of ECB requirements BOI could return 2 bn of its 12bn equity base to shareholders.Does O'Grady have appetite to retturn surplus funds. "
Drop in SP put down to market questioning sustainability of 2bn plus profits for each bank and uncertainty surrounding level/extent of future bank levy which has now been clarified.
AIB actual PBT in H1 = 987mill and BOI = 1 Bn.which is less than mentioned above.
Doomster,
are you having an interesting time studying the LSE Boards ?? you are certainly doing nothing for the markets.
Regarding Ryanair- I recall posting having sold a tranche of Ryanair @16.75 and you instantly replying that I was a liar as Ryanair had never traded above €16. NOT THE 1ST TIME you have been grossly mistaken and your mistakes are now perpetual.
Enough have posted to the extent that maths is not for you.Having sold 18k Birg shares in seperate tranches at prices of
9.95 - 10 - 10.12 -10.18 -10.50 (twice)- and bought back in at 8.35 - 8.40 - 8.50 - 8.65 - 8.97 - 9 my maths tells me I am ahead on these transactions. My buy back price on some is less than current SP but profit has already materialised on earlier sales. Current SP is immaterial to me as I shall be around well into 1st qtr of 24. A loss is fiction until you have sold.
You talking about timing would bring a smile to anybody's face. Looked through some of your posting history and never realised the depth of your love for the Boo share and also the extent of your share purchases ;
25/3/21 ; "back in Boo @321..Street talks rubbish and has agenda against Boo. heading back to 400p no trouble"
11/4- Boo massive bargain fill your boots.
7/10-averaged down at 225 and 201.current sp amazing opportunity to make serious profit.
5/11/20.new auditor announced will add 60p to SP.High St retailer thinking about a t/o to get online presence. will add £2 to SP -No brainer and remember SP was 425p couple of months ago.
20/11. great show from Boo, 254pto 300p in a month. 400p coming soon.
Also some very interesting predictions - even if you say you dont do them -
15/12/22. Putin will lose war by mid 23 and Crimea/ Donbas will be taken back. Putin to be thrown from Balcony.
8/12/20 - This no deal will seriously dump on all Irish Shares, especially Banks and Pig Farmers. No Brexit deal will be devastating for Ryanair.
can see how you might want to walk away from predictions.
Having said that would welcome your prediction on a 1st qtr SP for BIRG and your comment on a 5.5 p/e ratio with a sp of 10.50.
You have gone very quiet on GGP. Anything to do with the fact that, having hit 11p, they are up about 80% in last month.
will be delighted to hear that I am just about back in the black but looking forward to what is to follow. will be a much more exciting new year than following Boohoo. Having seen them hit 35.75p will be hitting the sell button at 36.
Doomster,
Are YOU REALLY THAT STUPID or Blind. Rolls Royce appreciated 244% in 11 months from 7 December 2022 to last week. IT DIDN'T TAKE 3 years to appreciate 244% - THE FACT IS IT TOOK 11 MONTHS YOU DIMWIT !!!! Going on your past /present history I have no doubt but you probably bought at 337p in 2019.
I appreciate maths was never your strong point but when a share DROPS from 337P at end of 2019 to 70p at end of 2020 the chances are that it is ripe to be 1 of the FTSE DOGS of 2020 !!! To say you are thick would be unduly flattering.
While you may not give a flying fook about what the RR CEO said in January 2023 I can assure you that every Investor was hanging on to every word he said as IT WAS THOSE WORDS AND HIS SUBSEQUENT ACTIONS THAT SAW THE SP RECOVER 244% TO WHAT IT IS TODAY. Also confirms that you sold out prior to 2023 as , if you were an investor, you also would be hanging on to his every word.
When will you give us your opinion on 1) the Irish economy's miraculous turnaround 2) whether a p/e ratio of 5.5 is excessive for Birg on sp of 10.5 3) your new year sp prediction for BIRG.
Doomster,
when it comes to FACTS please ensure they are presented correctly. Yes RR were 69.56 on 6/11/2020. They were also 93p in 7/2021 - they were 114p in Dec 2021. Dropped to 70p on 7/12/2022 recovering to 91p at end of Dec 2022. So for 3 years from April 2020 to 7 Dec SP almost static.
In January 2023 the incoming CEO came out with his thundering speech relating RR to be a cash eating monster and vowing to change the mind set and get rid of the cash eating machines which he has done. So the time to have bought RR was end of 1st week december 2022 when they were 70p !
Doomster,
Why do you have to make such a FOOL of YOURSELF every time you post. Is is gone beyond embarrassment at this stage and reinforces the image of an individual with a backward mind.
The FACTS ARE AS FOLLOWS and your posting history proves it.
- when you were pumping RR their SP was 337p and they require FURTHER GROWTH OF 42% to attain that figure.
- your much maligned Ryanair have to grow just 8% to reach their peak whereas your star recommendations will be
lucky to get there in coming 5 years. In the meantime Ryanair will have burst through €25 having smashed 17 yesterday
- You are very quiet on THE FACT that RYANAIR'S MKT CAP is 38% GREATER THAN EJET/IAG/A FRANCE COMBINED. You are
probably so embarrassed by this FACT that you are SPEECHLESS/POSTLESS.
- You are also very quiet on the FACT that Ireland now enjoys 3rd highest income per capita worldwide, having predicted
3rd world status at end of 2020.
So dont get carried away on your RR growth as they are still 42% in the red from when you cackled about them.
You are the expert when it comes to putting star picks etc in the red, seeing you have the unique record of selecting 2 FTSE DOGS in successive years.
And not a reference here to Boohoo- BIRG -AIB - You have been embarrassed enough.
Sloopy
how often have you posted on this board _ " Why are you here ".
how often have you posted " sat on the balcony ... day on island of dreams".
I only respond to the Doomster when he posts Total Drival re Ryanair and also on the BIRG Board.
Very interesting how he ignores THE FACTS exposing him to be an utter sham without a degree of credibility or respect at this stage. Every time he posts the hole is getting bigger. FACTS are FACTS and his DRIVAL on his well publicised recommendations and rejections are on his posting record.All 4 of his recommendations went through the basement, with 2 securing top DOG award in the FTSE while ALL his REJECTIONS succeeded spectacularly'
He has written his own epitaph and on his tombstone in years to come - Danger to Wealth.
BTW - when was last time I sent post to DTN ?
exercise your own mind and not the Doomster's.
Your Doctorate is not just restricted to the cynical rear view mirror, also blinkered.
As posted many moons ago, you expressed your delight in mistakingly believing I had sold out at 7.50, having to also bring another poster into the post and similarly lambasting him. You then displayed your supreme IGNORANCE when advised to the contrary. Then you of all people had to introduce " class" to the post.
Where did your response "GFYS" come from ? a supreme example of "class" ??
I have better things to do than analyse your posting history but the number of your informed posts can be counted on 1 hand, without including the thumb. Your speciality is the ultra cynical 1 liner in which NOBODY has the slightest interest as it is neither informative or humourous/funny.
" mammy, mammy, mammy I am being attacked on this board ........ "
Sloopy,
When it comes to repitition you have secured a Doctorate.
amazed that a maestro like yourselfdon't appreciate the vagaries of the market.with pat of 2.18billion, 185 plus million passengers, 25% of pat given away in form of Divis, - no doubt but in next 12 months Uncle Mikey will secure his sunstantial bonus and TP of €25 with numerous brokers shall have materialised. Couldn't happen to a better company.
Any comments on Ryanair's mkt capitalisation being over 38% greater than a combined trio of EJet/IAG and A France. - quite an achievement you must agree. the Doomster is so shocked with this FACT he is postless.
Doomster,
As already posted a brain surgeon visit is long overdue,besides a visit to Specsavers.
The FACTS are unavoidable . In the run up to covid and the following 6 months you bored the pants of everybody with your 20 times daily posting lavishing the praises of Boohoo/ E Jet/ IAG/ RR and highlighting that BIRG/AIB /Irish Economy were going down the tubes and Ryanair would be bankrupt and taken over by junior bondholders. This is factual as your postal history will prove.You have been sporting enough to post recently that what you posted was TOTAL DRIVEL. So what has RR Sp of 3 years ago got to do with this. Still 42% off their pre covid high whereas Ryanair just 8% off their high. You are conveniently omitting to mention the words of their incoming CEO last january when he stated them to be a cash eating elephant. no doubt he is now putting it right but still a long way to go whereas Ryanair already there. Were you impressed with their half yearly after tax profit of 2.18 Bn to 9/23 - up 59%. not bad.
You are also deafeningly quiet on your Boo/IAG/EJ recommendations and the OUTPERFORMANCE OF BIRG and AIB, not to mention Irish Economy..
You are also deafeningly quiet on the FACT that Ryanair Mkt Cap is over 38% GREATER THAN EJET/IAG/AIR FRANCE COMBINED. Why the SILENCE. Why is RYANAIR the preferred stock for Portfolio Managers to have in their selected funds.
When will you give on your opinion on whether or not you consider a P/E ratio of 5.5 as being excessive for BIRG assuming profits of 2 billion and sp of 10.5plus.
I would give top priority to an appointment with specsavers as your eyesight has obviously failed you , being unable to read the FACTS set out in numerous recent posts.
You cannot ignore the FACTS today as the end result is you are only making a bigger fool of yourself today than you did back in 2020. Today you have the benefit of hindsight and are better off p......g against the wind than going against the FACTS. However, never lose your bottle as it might serve you well on the racetrack.
Cuckoo,
rather than traits would consider them facts.
are you suggesting that I examine life looking through the rear view mirror.
or do I examine life looking through the rear view mirror through cynical lens !.
Economists in major us banks divided on timing and magnitude of interest rate cuts over next 2 years.
1 has key rate falling to 2.375% by 2025 while alternate view is that 1st cut will occur in q4 24 with a target range of 3.5/3.75% by mid 2026.
Doomster
some facts about Ryanair and it's competitors to bring about a smile to your face ,these facts relating to the last 5 years. you will find them of special interest as they also relate to your favourite recommendations.
Easy Jet SP peaked at 1261p in Feb 2020 and now trading @ 405p. 211% growth to restore previous highs.
IAG SP peaked at 452p in Jan 2020 and now trading @ 152p.. 197% growth to restore previous high.
RR SP peaked at 337p in Feb 2019,now trading at 237p having fallen to 70p. 42% growth to restore previous high.
Ryanair SP peaked @ 18.27 and now trading at 16.85.. 8.4% growth to restore previous high.
Ryanair market Cap now stands at 19.08 Billion.
Easy Jet market cap now stands at 3.11 Billion.
Air France market cap now stands at 3.12 Billion.
IAG market cap now stands at 7.52Billion.
So Ryanair's market cap is now over 38% GREATER than E Jet/Air France/IAG COMBINED.
HOW DID YOU GET IT SO WRONG ?.
I post at 11.52 and you respond within 15 minutes.Your monitoring this board and policing the remaining lse boards must be very tiresome and well understand you YAWNING at midday.
A once off post in a site's history ,as with ufo/gg, is known as a drop in- visit(ing) relates to the plural.
you sound like a guy whose valium requires restocking.
So,Donkey, is it your recommendation that the board be restricted to donkeys and cuckoos .
wearing your objective hat do you not think that the board's content might be a little infantile and cynical.
why don't the C and yourself simply exchange email addresses - I am sure the content would be riveting.
Cuckoo,
as regards multiple sites other sites I have visited are Boohoo and Ryanair ;
Boohoo; becuase of a poster who posted s...e 30/35 times daily 7 days a week from 8am to midnight accumulating c.15000 posts over last 2 years ramping the Boo from 400p down to 30p and now predicting 650p in next 15 months. was at the end of a long queue being critical of him. suggested that he take up writing fiction novels as it would be more profitable and less time consuming. has since been removed to everybody's relief.
Ryanair
When the Doomster was asked 3 years ago to explain his vitriolic hatred for Ryanair/MOL he answered that " he was pi..ed off reading posts praising Ryanair/MOL" !. He then proceeds to p..s everybody off over the following 9 months or more extolling the virtues of Boo/IAG/EJ/RR etc and putting 3rd world status on Ireland.
Well Doomster I must admit that it is jolly sporting of you to finally admit that your commentary/predictions on IAG/EJ/RR//Ryanair/Birg etc is total drival although it is the only conclusion you could arrive at. Better late than never.
You should forget about government intervention in commercial activities as it never works.As pointed out to you quite a while back , an airline like Ryanair, starting from a greenfield site with no government support, at the end of the 80s ended up 30 years later with a greater market value than a combined A Lingus/ British Airways/ Air France etc , with those airlines having the common factor of being set up with government support. Not only that, they were unable to survive post covid without the same governments bail outs. Cannot dispute the FACTS. If voluntary luggage costs removed no doubt airlines shall simply put an add-on to the passenger ticket and this shall apply to all airlines,not just Ryanair. At present the passenger has the option to bring whatever luggage they wish,with some carrying zero cost. Have never known government intervention to work for the consumer's benefit - above their mind set.
Do you agree with the TP of 25.50 for Ryanair set by G Sachs, JP Morgan ,Davy etc. Maybe on the light side especially when you consider the profits figure just released by Ryanair.
You appear quite excited about the 10.50 plus/11 spring price for BIRG. In my language 10.50 plus covers a range even extending to 11 and beyond. Your silence is deafening on whether you consider a p/e ratio of 5.5 is excessive for BIRG with a price tag of 10.5. Perhaps you will shock the board with an opinion.
Doomster,
I also recall when you made your entry on BIRG board I commented to the effect that BIRG could be doomed - you are living up to your reputation.
Just wondering if you are hoping that BIRG will go DOWN the same road as Boohoo.
Dont lose the faith - confident of seeing 10.50 plus in the spring as I believe the Netanyahu man is heavily invested.