Member Info for johnhume

Doomster

a few simple questions which should not over tax the IQ ;

1. Is Boo a buy at 32p ?

2.Has any UK corporate body been subject of a QC investigation ?

3. Is your confidence in Boo evaporating ?

4.Do you believe Shein will be subject to an investigation on "slave pay " ?

Doomster,

another post removed today and just wondering was it a masterclass from yourself.

Se you are addressing Shein as slave pay or slave traders.I recall when I referred tgo Boo in the same light I was reported by your beloved BFD ( then T4G) -the sheer hypocrisy comes to mind. You sound like a guy who believes the only way forward for Boo is to eliminate all competition and leave the field to themselves. Sounds like your confidence in Boo is evaporating.

Do you recommend them as a buy at 32p ?

Has any other uk body been the subject of a QC investigation ?

Doomster

fingers getting in the way again.

was posting to the effect that T4G ( aka T4S...e / BFD Investor /Jeremy P ) is back in full flow on the Boo board and can only comment on the fact that Day trade is exposing the guy's blatant ramping which he has conducted for last number of years, with the SOLE RESULT being the CONTINUAL FALL/COLLAPSE in the SP. I find it supremely ironic that a poster who had a number of posters removed from the board should be then removed himself. However, I can well understand how he should reinvent himself on the board not in a singular guise but in 2 guises ( BFD and Jeremy P ) , such is the manipulative nature of the individual.

I cannot really understand how SCB and himself continue with the same relentless patter over the last number of years when you examine the end result with the SP.

Jan 21 SP = 329p ; Aug 21 SP = 281p ; Nov 21 SP = 191P; Jan 22 SP = 123P ; Mar 22 SP = 70P ; Jul 22 SP = 56P ;

Oct 22 SP = 38p.; Dec 22 SP = 35P.. Here we are 16 months later and SP hanging around 33P. And your 2 favourite posters, plus yourself continue to sing Boohoo's praises and a SP of 650p in mind. One Flew Over The Cuckoo's Nest comes to mind.

I am still awaiting a response from your favourite poster to my query - has any other UK corporate body been the subject of a QC invesstigation ?

Doomsteer,

your post this morning didn't hang around too long. Yes it is nice to see gold price heading for the stratosphere and sooner GGP gets into production the better.

I see T4G (my reference being T

Joeoh,

any chance you might enlighten us on the PTSB dividend policy; They just announced they are resuming dividend payments which can ONLY be interpreted as good news for investors ,seeing a dividend not paid for some time. SP tumbled following results because it's pretax profits fell from 267mill in 22 to 79mill. in 23 - nothing whatsoever to do with payment or non payment of dividends. ffs BIRG announced an increase in profits from 1.1 Bn to 1.9Bn, an increase in Dividend from 21c to 60c and the SP FELL 10% !!! Do you not think that makes BS of your theory of growth and dividends driving the SP.

AIB include in their recent statement that 24 earnings shall be less than 23 - SP rises almost 5% on the day.

Just as there is more than 1 way to skin a cat, more than 1 way for bank/company to grow - increase sales/reduce costs/reduce no of noses in the trough. - first 2 increase earnings ,possibly dividends (other factors in play) and sp. 3 definitely increases sp.

Do you believe that BIRG will roll out the balance of their 1Bn share buy back following release of the H124 results ?

AIB have now indicated a 5Bn buy back programme over coming 3 years.No big deal and bound to happen as this happens to be the equivalent of the market value of the Government current stake in the Bank - give or take a few million. The end result will be c 1.5billion shares which would equate to c.€7.70 per share based on it's current mkt cap, ceteris paribus.

If BIRG roll out the balance of their 10% buy back end result will be c950 mill shares equating to c €10 per.share.

As BIRG and AIB have indicated declining revenues in 24 the catalyst for SP growth will be the share buy backs ,with any appreciating earnings being a bonus.

Not to worry, Doomster. Here in Marbella since December 2 until mid April so the UK weather only of academic interest.

I take it you will pass on our recommendation to T4G/ T4S in the guise of Jeremy P and BFD to start singing a different tune seeing the same tune for last 3 years has only resulted in SP falling from 400p to 29p.

Would you recommend them as a buy at 32p ? I will be guided by you. If you recommend to buy I will keep out and vice versa.,

Doomster,

How come no comment on the very informed post from BFD (aka T4G) - " there is most definitely growth plan.growth will follow. SP and business arn't same thing". I suppose SP linked to the weather and nothing to do with business, earnings, profits etc.

As T4G,BFD,Jeremy P, SCB have been preaching the same "doctrine" for last 4 years and seeing SP plummet from 400p to 29p would you not recommend to them that a change in tack should be considered. Crying wolf comes to mind.

Donkey,

definitely now proved that the Doomster and yourself are not only related, you are twins.

AIB strong sell - BIRG 7.30 very soon.

Whenever the Doomster posted bad news for Ryanair -SP proceeded to rise, often by 2-3%.

BIRG Mkt Cap now 9.15Bn whereas AIB = 12 Bn.

cannot recall a 33% differential between both banks.

Joeoh,

AIB certainly produced better results than BIRG.Interesting to see their impairment charge of 170mill is 233mill less than BIRG .Div up almost 430% whereas BIRG up 285% ,appreciated from a higher base. A PBT fig of 2.56Bn extraordinary compared to BIRG.

With AIB committed to a 1 Bn share buy back from State very likely that BIRG will announce an additional 5% share buy back when publishing H1 2024 results in july/august which will prove positive for SP.

Joeoh,

going on the current scale of buy backs it would appear the 520mill will be brought down by time H12024 results are brought out end of July. IMO The chief issue at that time, besides the extent of the PBT figure, will be if the balance of the 10% share buy back approved at last agm goes ahead. The deadline date is late december 2024 and would leave time for buy back to be completed by then assuming current scale of buy back is continued. This would result in share issue being reduced to c 940/950 mill and guarantee a 10 sp.

If AIB results strong tomorrow BIRG will also benefit. If large scale share buy back proposed could this be linked to reduction of State shareholding.

Donkey,

are yourself and the Doomster related - appear to be from the same stable.

Operat profits= 1.95 Bn

Distrb= 625mill.

Share buy back = 500 mill.

Barclays drop BIRG TP to 10.90 (12.8).

Interesting to see that AIB now just about back at their 12 month high while BIRG are about 20% off their's

Are people expecting strong AIB figures on wednesday ! Any predictions on pbt figure.

Don't believe all you read . received email from Simply wall street" saying BIRG shareholding being substantially diluted.

emailed BOI Investor relations who confirm other s/h in touch about this Investor relations already in touch SWS who apologise for the error.

I expect investor relations will also be in touch with the Donkey concerning misrepresentation.

Doomster,

surely you are not surprised. You came on board, lavishing your praise on BIRG and, as posted,that was the death knell of BIRG.

you are well aware of your negative correlation with the market.when you are up the market gone in direct opposite direction.

Observe,

also only fair to post that going from 1.1bn to 1.9bn PBT in 12 months is not exactly standing still. If the 23 figures incorporated the identical 22 bad debt reserve provision the 23 PBT figure just about doubled the 22 figure.

Observe

No doubt but growth is essential for SP to flourish. However a 10% share buy back will definitely make a difference and will compensate to some extent that growth that BIRG may lack. Ryanair prove this.

Should BIRG maintain a div of 60c plus ,and I see no reason why they cannot do so, then this will be in big demand from a dividend pay out alone - at €10 it is a 6% yield and nobody will walk away from this when the alternative is 1.75% with plenty of T & C attached.

UK Banks not setting the world on fire for a long time . Barclays p/e ratio is 6.02, Lloyds is 6.09 and BIRG is 5.49 assuming SP of 8.22.

Trudemill,

an interesting point which may come into play later in the year is that a buy back of 10% of the share issue was approved at last AGM ( 108mill shares approx ) with buy back to be completed by mid december 2024. €520million of this buy back commenced yesterday (453,000) and such a rate of buy back will ensure this is completed in about 135 trading days or sometime in august. Will the balance of the approved buy back continue post 2024H1 results through to mid december which would result in s/holding of c 950million.

As regards future dividends BIRG have confirmed a max payout ratio of 40% which they met this year - PAT =1601million.

You appear to be equating buy back with div. A max pay out ratio of 40% will limit divs to 60/70c for near term future unless profits take off.70c div = PAT of 1.755Bn = 2.2Bn PBT.

The share buy back must affect the SP as there are less shares in issue so sp must rise. 3 kids get more out of same inheritance than 4 !

I agree SP is undervalued on fundamentals . SP was up to €11 in February/march 2023 when annual profits of 1.1Bn announced - now 1.9Bn announced. If AIB results positive on wed should see a bounce. If not ..

Agree that SP will just roll along over the summer after div pay out.

It was confirmed yesterday that 634mill being allocated as div payout in june. As this is a specific amount could it mean that this amount might be payable to say 30 million less shareholders (1.028bn or 61.6c per share. I do not see the SP falling by the full div amount ex div. You probably find the sp appreciates in the run up to the ex div date to reflect the div payment in following few weeks.

On looking at yesterday's rns it mentions approval given to buy back 10% of capital at last year's agm. interesting to see what today's buy back in tomorrow's rns.

Ryanair deliver results in coming weeks and profit expected in 1.85/1.95 Bn - identical to BIRG but valued at close to 21 Billion !