Member Info for johnhume

May day on the double. no buy back yesterday as it was a bank holiday on financial markets in europe,excepting London.

Likewise next monday.

Strong results from AIB but BIRG sp appreciated this am much more than AIB.

AIB much better at managing costs with their cost/income ratio down to 38%,from 39% in Dec 24 whereas BIRG gone out to 45% from 42. Minor difference in NII with AIB forecast 3.65 and BIRG 3.54.

AIB voting today on 1 Bn buy back and interesting to see if it's approval does anything to sp.

Cuckoo,

appear to be going around the world,even allowing for reading between the lines.

BIRG have upgraded NII from 3.43/3.47Bn,per 26/2/24 statement, to 3.53/3.54Bn yesterday due to higher interest rate relative to prior assumptions ( 0.25bps).

Lets see what AIB IMS brings to the table tomorrow.

Sloopy,

to secure answera to my queries from the Doomster. even your IQ should see that

Doomster,

your silence is deafening on my queries. Does the truth hurt that much !!!

Back in november 23 you took the p..s out of my post saying BIRG to see 10.50 in the 1st qtr of 2024. See they hit 10.68 last week and 10.51 this morning !!!. Your Boo languishing at 33p and you posting them to be a WOW turnaround at 37.6p less than 2 weeks ago. Dont want to embarrass you too much so will leave IAG/EJ/Ryanair alone.

PROVING once again the Mkt and yourself enjoy the perfect negative correlation. Whatever share you recommend it's SP does the opposite.

Sloopy,

you must be very bored with the your sunshine considering the amount of time spent policing LSE Boards - is there ever a minute goes by without thinking about DTN ?

Must confess to being very disappointed with the Doomster in not replying to my reasonable queries --

-How come is favourite share, Boo, is down over 10% in 2 weeks from his WOW turnaround price. Would he not recommend a change in narrative from T4G alias BFD Investor alias Jremy P. "Crying Boo " comes to mind.

- When will his favourite A/Line - IAG reach it's prior high of 477p from current pric of 175P.?

- likewise with his 2nd favourite - EJ -will it reach 1260p this century.?

-How does he feel about his rejected Ryanair reaching€25 this year.

Few months ago he was taking the p..s about my predicted 10.5 SP for BIRG in the new year and wondeer how he felt when they hit €10.68 last week.

Once a failure always a failure.

Dont over do the sun/pool bathing which I dont expect you to do considering your time spent on LSE Boards.

AIB report on thursday.

I suppose as the resolution approving the 1Bn share buy back confirmed the end of december 2024 as the completion date the buy back should be completed by then. T and C of approval may mean it's execution is at BOD discretion.

Howth,

my reading of this is the 2024 interim dividend to be paid in 2025. 2023 results released in February 2024 The 2023 f/y figs referred to "Group expects 2024 distribution to comprise combination of ord div and share buy backs with interim div to commence."

2 negatives from BIRG statement ;

cost to income ratio gone out from 42 to 45%.

NPE exposure increased from 3.1 to 3.2%

would not be surprised if buy back balance of 480mill deferred to issue of results in 2/25. hopefully I am wrong and delivered with H1 24 end of July.

anybody going to AGM and raise the buy back balance issue.

Death knell for the Boo. Doomster buying in sub 34p.probably hit 30p following results on 8 May.

GG,

BOD have approval to sell 1Bn value of shares ,approval expiring towards end of December 24.

The buy back of the balance could be raised at the AGM on 23 May - may not be raised by the BOD ( they have approval already ) but could be raised by a question from the floor. As less than half the 520mill buy back will not be completed by AGM date BOD may be inclined to push this out until release of H1 figs at end of July.. an early announcement could result in less shares being bought back as sp could push ahead.

"they have approval to buy back 1 bill by year end"

"they have committed to buying back 520mill by year end."

You dont have to prove to the Board once AGAIN you have a Doctorate in Pedantry. We are well aware of this.

What the Board is really interested in is whether or not the BOD will proceed with the buy back of the 480mill balance when announcing H1 24 results. This announcement will be awaited with as much interest as the PBT figure.

Any possibility you might give us your H1 PBT prediction before results are announceed - even a "reading between the lines " figure will suffice.

You will have a field day "reading between the lines" following the Q1 interim statement next tuesday. Look forward to your comments.

Hopefully , you will stick to 1 line pedantic cynicism henceforth as you are posting to your strength.

Ashton,

to clarify, the balance relates to 480 mill. they have confirmed the 520mill buy back which will be be concluded in 24 1 way or the other. I am hoping this will be concluded by time of h1 24 results , hoping they will announce with those results the completion of the 1 billion buy back for which they have secured approval.

Ashton,

while the BOD of BIRG secured approval to a 1bill buy back expiring in december 24 the balance of the buy back is at the discretion of the Board.As AIB have approved a 1 billion buy back and are proceeding with this through a similar reduction in the state ownership I am hopeful that BIRG will follow suit when publishing the H1 24 results at end of july.

Cuckoo,

As you are aware all corporate bodies to maximise profits tend to concentrate on their core activities.With your Doctorate in Pedantry and Cynicism you should concentrate on your 1 line pedantic cynicism.

As the q1 interim mgt statement on the 30 april will be short on specifics you will be given ample opportunity to " read between the lines".

GG,

is that a serious question to Kenq ? €167,947,646 spent as of 25 April with a balance of €352,052,354 to be spent which means daily buy back rate needs increasing to complete 520 mill spend by time of H1 results end of July. Share buy back totals 18,210,535 as on 25 April.

Q1 Interim mgt statement on 30 April which could be interesting especially to "reading between the lines " followers.

SP around 10.14 late afternoon but appears to finish with 10.32 at 17.57.

might see your €10.12 plus 50c with a little luck next week.

Doomster,

keep up the good work as your "bad news" always serves to drive the Uncle Mikey share price higher,in keeping with the fact that the market and you enjoy a unique negative correlationship.

While U Mikey has burst through his previous high you are very quiet on the fact that IAGnow at 177p is a world away from it's prior peak of 457p - similarly with E Jet at 541p a world away from it's prior high of 1261p. your silence here is deafening.

also note your Boo is 10% off your WOW turnaround figure of 37.6p of 10 days ago.

am sure you will be delighted to see BIRG fast approaching the €10.5 sp-traded at 10.37 this morning.

Observe,

I hear what you are saying and do not expect 24 profits to exceed 23. Commercial Property was hit in last quarter of 23 and feel this has further to fall. Question is what is the Banks exposure here - I recall reading in 1 of their statements their exposure was 60% to value which serves as a cushion.

The catalyst for BIRG will be if they announce a further buy back of 480mill ( bal of 1 bill announced at 22 agm) with the H1 24 results which would result in s/holding base being reduced to c 955/960 mill. Adopting today's makt cap of 10.6bill gives a SP of over €11. would also like to see a PBT fig of 1bn plus with H1 results which would u/pin sp.

Kenq,

simply means shareholder base reduced by c.16.5mill in 2024 through share buy backs.

Cuckoo,

" EVERYTHING when you equate COULD with DEFINITELY." Would you mind explaining what "reading between the lines" applies here. To me your statement could not be more explicit. It IS what it STATES and does not require referencing a dictionary or googling it UNLESS YOU ARE VERY BACKWARD.

You appear to have reached a stage when you are not looking into the rear view mirror you are reading between the lines.I have repeatedly posted that overlooking into the rear view mirror not good for one's state of mind !

" .. ....else here betting on no rate reduction in June " NOBODY has posted here there shall be no rate reduction.in June so why the gambling invitation ? While the odds COULD favour the scissors being applied in June ,with 6.5 weeks to go before June decision date I would be cautious about placing bets. If your gamble reaches too many ears in your influential IC circle you might see a little run on the Euro in f/x markets which in itself might scuttle your little foray into the gambling market.

A possible saving grace for you would be to encourage your IC influential mates " to read between the lines " which might result in a less severe run on the euro.

Cuckoo,

It says EVERYTHING when you equate COULD with DEFINITELY.

QED.