Member Info for johnhume

18 mill savings.

Then Shen,

do you think that BIRG will apply the dividend savings in additional buy back. Last year their buy back averaged about 450,000 daily and with 60 odd trading days to the agm you could be looking at 30mill div savings.

Doomster,

good to see the sp recovery has commenced. As regards the major boost the goodbody comments related to a 1Bn share buy back - only half that figure is being bought back - MAJOR difference.

Find it amusing that you scoff at a 60c dividend. Believe it or not but this almost equates to DOUBLE the SP of your beloved Boohoo.

Which event do you believe will arrive first - BIRG at €10 or Boohoo at 60p ? Which would you put your money on. OR Ryanair at €25 or Boohoo at 60p ? YOU know where the smart money will go and it will not be Boohoo.

Surprised to see buy back commenced today. was 9 may last year and finished towards end of june.At least buying back when they are cheap.

Doomster,

Dont worry about BIRG. The cream always rises to the top, which you most certainly cannot say about the Boo.

Continue to live in fantasy land as you are totally divorced from reality.

much easier to recover 9% than 75% especially with a quality share - not forgetting the 60c dividend in 3 months time and 5% of the shareholding removed from the table. I am sure you will enjoy BIRG's recovery. could be worth putting your hand in your pocket.

Doomster,

speaking of %ages, you are very quiet on performance of your beloved Boo. How come they are down over 40% over last 12 months. Just imagine they have to appreciate 75% to reach your predicted 60p of 12 months ago.

Ar regards Ryanair going sideways - they have blown through their previous high to become the largest capitalised airline in the world - surpassing the COMBINED values of IAG-E JET-A France-Lufhtansa.

When will you ever LEARN.

Dont worry about BIRG - They are still up over 600% when you condemned them to the graveyard and will reach the 850% level again, Seeing you are writing them off again , nothing is more certain. Have to express my appreciation for honouring my request to do so. Just bear in mind the market and yourself enjoy a 100% negative correlation.

Donkey,

If these hit 7.50 tomorrow even the donkeys in the stable would be mad not to buy-with a yield of 8%.

You should also bear in mind that PBT figures are easily manipulated for different purposes. If BIRG adopted the same reserve figure for 2023 as for 2022 their PBT figure would be 2.16 Billion and a very different tune would be sung today. Are they attempting to lighten "political" pressure ?

See the Doomster is in full voice today but the IQ aint improving. Now considers Ryanair a sideways company , very conveniently forgetting that they are the largest Airline in the world by market capitalisation with a market value in excess of the combined values of IAG-E JET-Air France-Lufthansa - all from a company started on greenfield site some 35 years ago. Once an idiot ,always an idiot.

Observe

you could say the loan book was static. If the perception going forward is negative growth would do no good for sp.

The s/holding dropping below 1 bill could serve to drive the sp . the current div yield of 7.5% with 8 sp is unheard of for BIRG and with falling interest rates would push investors to invest - 2% deposit rates at a push at the moment.

SP of 6= 10% yield ; sp of 10= 6% yield.. yield just over 2% for months in 2023.

I believe market is over reacting but AIB results will be closely examined.

Markets always over react to "bad" news - downwards.

BIRG generally very conservative in their statements ,erring on side of caution.

PBT figure affected by additional credit impairment charge of 216million in 2023 v 2022.some positives to be taken from results ;

-cost to income ratio down to 42% -was well above this .

-share buy backs of 516mill should bring shareholding to 1 billion or slightly less. This will likely mean less emphasis placed on buy backs in the future as s/h historically around 1 billion.more future distribution by divs.

- Report states interim div being reintroduced in 2024, which imo means emphasis being put on future div distribution.

-Does div of 60c represent the floor for future divs dependent on coming profit figures.

AIB 's figures next week will be examined very closely.

-

Cuckoo,

you better make an appointment with Specsavers.

I posted predictions on morning of 20 feb. Goodbody comments came out on 22 Feb.

The Narcissist.

Any last minute predictions ?

Doomster,

as has been repeatedly proved on these boards you are without question the greatest muppet to appear on any LSE Board with zero credibility.

How often have I set out your glorious failures on your recommendations and your rejections heading for the stratosphere. You make a point about Rolls Royce but what about YOUR SPECTACULAR FAILURES. YOUR REJECTION OF BIRG who proceed to post a 850% gain in little over 3 years and AIB posting 500% gain. These in the comparitively risk free Finance area. Your Airline recommendations would be bankrupt with government bail outs and Rights Issues while your rejection, RYANAIR, ids now officially the No 1 Airline IN THE WORLD by way of Market Capitalisation.

You are in such Zombie land you are dreaming of your beloved Boohoo rising from the ashes. I have well documented already your postings on Boohoo which would be a severe embarrassment even to a drunkard. Must admit having made a few bob on the boo -3500 last year and 1500 just recently having got out at 39p. so 5 grand ok for a 10grand investment in and out.

Doomster, I hate to say it but ,investment wise, you are a total and abject FAILURE.

As regards Greatland I have no worries there. Study your Lassonde Curve and all will be revealed. Patience is a much more important commodity than Bottle when it comes to investment but you would know nothing about that.

You can always portray your FTSE DOGS as your pride and joy.

Pleased to see Kingspan also heading for the stratosphere having recently burst through the 80s.

GG,

the share buy back of 1 Bn, if true , should be a major boost to the sp as s/holding in place at end of buy back should be c 940/950 mill as opposed to the current 1.056Bn , reduction of 10% in share issue to result in 10% plus to sp. No of shares being removed from the table will be 8 times greater than last year which should result in shares being held more tightly ( fewer being traded) which should result in upward pressure on the SP.

Assuming buy back figure is 1 Bn my read is that c 800/825million of this represents the return of the surplus capital long talked about. This equates to less than 80c per share ( if offered by way of div or cash) . Alternative is by way of share buy back which is being commented on by goodbody and which should result in SP increasing by at least 10% to reflect reduced no of shares in issue. 10% of current sp is 86c so pretty much even steven.

In medium term I think the buy back to be more beneficial than cash return .

As posted already - communications skills seriously lacking.

"I never mentioned buy backs,never assume .." You referred to every other prediction-so why not buy backs.? ? none taking place logical deduction.

"blaming EVERYONE else as being the...". Only narcissist being yourself. SINGULAR

You REALLY should get rid of the rear view mirror. It is obviously affecting health, judgement etc. cynicism and narcissism to be the least of your problems if you persist looking backwards.

No doubt you have amended your SP prediction to read from €7.04 through to €11.03. Such a prediction never seen

Cuckoo,

you appear to be seriously lacking in communication skills, among other things.

As already posted your 12.12 post makes no reference to share buy backs so the logical deduction from that is there are to be no buy backs. you confirmed PBT, Div and a magnaminous SP range. If you expected a share buy back you would have posted so. No mind readers on this board.

For a man who spends his life looking through the rear mirror you would be the expert on narcissism. In fact the logical deduction is you are the narcissist. My referencing the rear view mirror is not being jocular - just giving very good advise. Follow the adviseof Inspector Clouseau.

"So what did the market find out today " - Goodbody's comments are simply COMMENTS - they are not factual and will or will NOT be confirmed until next week. Are you telling us the market responds to gossip ? Both banks have been stating for the last 12/15 months about their intention to return surplus capital which probably explains the 20% drop in the BIRG SP in last 11 months !!!

/

Doomster,

proving once again to be a centurion. very conveniently forgetting the fall from grace of RR from 240 to 32p in 2020 when it was the dog of the year. not current times.

See the return of T4S has done nothing for your beloved Boo. march 23 this was to be 60p and still hanging about 36p with the usual mupps continuing to sing its praises. When will they learn ? talk abut crying wolf. embarrasing to witness.

When will you post a ridiculing of BIRG . This is necessary to restore it's lost glory you and the market having the perfect negative correlation relationship.

"who told you that you complete narcissist". YOU DID per your post of 21 Feb at 12.12. As memory does not seem to be the best let me remind you ;

PBT - 2.95 Bn - subsequently amended to 2.295 Bn.

48c div.

SP between 8.1 and 9.6. are you amending this to between 7.04 and 11.03.

So ,Cooking, you don't expect a share buy back announcement in coming results.

As regards your SP prediction I take it you are aware that in the last 52 weeks BIRG has traded in the range of 7.04 - 11.03 so maybe you might wish to amend the SP prediction.

Goodbody came out with some interesting comments this morning.

BIRG ; They comment that they expect a total shareholder distribution of 1.3 Bn comprising 300 mill cash div and 1 Bn in share buy back. This would be an extraordinary scale of buy back representing well over 10% of the current share issue would be surprised if SP didn't hit 10 in very near future if such a buy back announced.

They also comment that BIRG trades at 0.9TNAV and at a discount to AIB. Undervalued.

AIB ;They expect at least 1.4Bn returned to shareholders in form of 300 mill cash and balance in share buy backs

They comment that SP completely divorced from fundamentals.

.

Cuckoo,

as you should be aware Autism is associated with children/kids and for someone to introduce the subject on a board such as this is indicates a very sick individual. Many moons ago you introduced your mother and the subject of class. where did she find you ????

When it comes to the subject of sarcasm the more educated of us on this board will associate sarcasm with the famous Oscar Wilde quote - " Sarcasm is the lowest form of wit but the highest form of intelligence "

TO REPEAT - you seriously should devote ALL your time looking out the front window and throw out the rear view mirror - for your health's sake - never mind the cynicism implictions.