Member Info for johnhume

AIB Mkt Cap = 13 Bn plus. BIRG Mkt Cap = 10Bn.

cannot recall such a large differential in prior years.

Looks like normal service resumed yesterday on share buy backs.

AIB have blown through their 12 month peak,trading at 4.88 this morning. Should go ex div more often.

Share buy back reducing dramatically with just 799k bought back in last 5 trading days and just 50k yesterday.

the larger the buy back the more secure is future div with div distribution being allocated to smaller s/holding.

No share buy back yesterday ?? - yet sp hit 9.52 !

Kenq,

possibly. At last AGM BIRG approved a 10% share buy back costing c 1Bn to be completed by 24 Dec 24. AIB proposed the same buy back when releasing their results few weeks ago.BIRG proposed a 520mill buy back with their results on 26 Feb and I assume this would be completed by time of release of H1 24 results in July/Aug. with the share buy back balance of c 480mill to be announced when publishing H1 24 results . continuation of a daily 150,000 share buy back will not see completion of 520mill buy back by July so just wondering if a change in strategy being adopted. I hope not and maybe daily buy back of 500000 plus will resume.

Appears to be big change in BIRG share buy back strategy. Why ?

Donkey,

with Donkeys being bullied since the birth of Jesus C , you should be accustomed to it by now.

7,514,307 bought back to 21 march incl with o/s shareholding now standing at 1,049,350,305.

What was disastrously wrong were your predictions of the 16/3 - 4/11 - 9/11 - 22/7 etc.

Doomster

would you mind clarifying what is wrong.

that RR would have survived without the £2billion capital raised in the Rights Issue.

that the rights issue price was not most heavily discounted in corporate history.

that the 2billion capital could have been raised by way of debt.

Doomster,

WHY do you have to publicise such s..... y. You are the 1 who doesn't understand RI.

Without the 2021 Rights Issue R R WOULD BE BANKRUPT. As posted before ALL corporate bodies have the option of raising finance by means of debt or equitry,dependent on their relative costs. Due to their financial position RR were NOT in a position to raise debt finance as BANKS WOULD NOT LEND. This is supported by the FACT that to raise CAPITAL RR had to resort to a rights issue to raise billions. However, the Rights Price was at a SP of 32p representing a DISCOUNT of 75% on it's prevailing SP - the scale of discount being unprecedented in corporate history. The shareholders existing prior to the RI would not be in exstance today but for the " bail out" by the incoming Rights Issue shareholders.

Will you ever learn

Sage words from the Doomster-

16/3/20 -"keep EJ and IAG but Ryanair being irish have no hope at all and mikey to cut his lossess and declare bankruptcy".

4/11/20 -"IAG best hold in aviation today"

-9/11. - " better day for EJ,best business model and easy to see who will come out on top".

-22/7/20.-"anything under 310p is a screaming buy in Boo".

8/9/20 -"back to 400p very soon for Boo. plenty more to come".

22/9/20-" fwiw 400p this week for Boo. will hold for the inevitable 500p".

seeing you put a tp of 650p in 2023 and now reduced to 250p you are confirming your confidence is evaporating !.

Doomster,

certainly didn't stop you in 2020 with your advice on Boo going to 500p,IAG and EJ being the recommended stocks in aviation with Ryanair being assigned to the Bankruptcy court, BIRG and AIB and Irish economy being liquidated. Ryanair now most valuable airline in the world - BIRG and AIB the 2 top performing banks in Europe over last 3 years.Dont get carried away with RR as they are yet to reach their prior ATH, unlike Ryanair.

Good to see that you accept that manners put on you and you recognise you are a danger to wealth.

Doomster,

see BIRG traded at 9 this morning anf Ryanair close to 21.

Which is the better bet - BIRG @ 10 or Ryanair at 25 or Boo @ 60p.

do you believe I should buy Boo @ 32p ? or is your confidence in the Boo evaporating ?

The Cuckoo proving once again he has a Doctorate in Pedantry and a brain the size of a cuckoo's.

Officially, the euro is divided into 100 cents.

Cuckoo,

you obviously see what you WANT to see.

10.2 = 10 euro 20 cents.

Cuckoo,

still policing the board Lugs would be proud but pay more attention to Inspector Clouseau.also Pedantic as ever.

according to my board 52 week high shown to be 10.2.

Cooking,

time to invest in a new calculator. In 12 months BIRG has dropped from 10.2 to 8.89-drop of almost 13% which to me is a damned sight more than 1.4% !.

Joeoh and I differed on the interpretation of the PTSB results and he is correct in his comments on growth.No growth in earnings, increasing costs and you end up without a pot to p..s in, never mind no dividends. However the fact that no div has been paid for 16 years the possibilty that divs MAY be paid in 26 is unlikely to result in heart attacks among investors due to excitement.A drop in PBT from 267mill in 22 to 79mill in 23 might lead to panic attacks.

Still trying to get my heead around market reaction to BIRG results.

In 22 PBT figure of c1.1bILL and a dividend of 21c together with a share buy back of c 13million shares. SP = €11.

In 23 PBT almost doubles to 1.9bill-div almost trebles to 60c with a committed buy back of almost 60mill and potential FURTHER buy back of 50million shares -SP drops 13.5% over the day ( 9.19-7.95).

With you, Cuckoo, being the investment guru, the yield curve strategist for IC and beloved by the market the only conclusion I can come to is that the market took your BIRG results predictions to heart and were shocked to see the huge variance in the actual results from your predictions.Probably explains why thy went along with your lower sp of 8.1.

Sloopy,

in response to your deleted post I am here awaiting responses from the Doomster to my 4 queries.

seeing you did not give your customary canaries weather forecast, why are you here ?

Joeoh,

PTSB have not paid a div since 2008 but that didn't prevent the SP hitting €3 less than 12 months ago.