Member Info for johnhume

"unfortunately ECB now expected to reduce rates from march 24 with 4 * .25% reductions by year end".

Head of IMF's European dept this morning argues that ECB Deposit rates must stay close to 4% throughout 24.

Doomster,

I would recommend an appointment with a brain surgeon, in addition to Specsavers. Please advise me on how you reconcile your comments - "Actually he already held a big loss on a big holding when he wrote on 27/6/23- bought back at 8.65 .. very confident €11 by y/e or early next year " with the following facts ;

- sold 5 tranches of Birg at end of february/beginning of march at following prices - 10.50/10.50/10.18/10.12/10. Tranches

totalled 18k shares.

- bought 5 tranches of Birg last 10 days of march at following prices ; 8.35/8.4/8.5/8.65/8.97.

According to my brain cells my sales proceeds far exceed my purchase costs.

On 28 Nov 2022 Birg traded at €7.18 and traded as high as €11 ( very briefly) in 1st qtr of 2023.-53% appreciation.

Now trading at say 8.5 and if HALF of the same appreciation materialises in early 2024 you are looking at a SP of over €10.75. Profits of 2 billion plus now anticipated for f/y 23 which was certainly not on the table 12 months ago. such figures. Are you suggesting that a p/e ratio of 5.5 is excessive for Birg with a SP of 10.5 ?

Newmount yesterday announced the successful acquisition of Newcrest in a deal that mgt considers "transformational" for the company.

Doomster,

as posted before make an immediate appointment with specsavers.

see my post to GG on 2 Nov. - cannot go wrong at 8.40 or thereabouts.

Doomster,

you still have "Bottle" on the brain - the outer limit of your Investment IQ.

Must say you have gone very quiet on the fortunes of GGP and their 60% appreciation over last 10 days. embarrassed yet again . Very much par for the course and proving once again your consistent in failing.

Never realised Donkeys were up and about so early.

what is it like sharing a cave with a Cuckoo ?

Up 8% today !!!.let us have some more "bad" news, Doomster and see Ryanair shoot through €17.

Sloopy,

should not address this post to the Doomster - he is one who forecast the demise/liquidation of Uncle Mikey in 2020. See how he has risen from the ashes phoenixlike. Just imagine ;

-- revenue up 30% to 8.58 Billion.

- nett income of between 1.85 Billion and 2.05Billion in 2024.

- returning 25% of prior year PAT in dividends from 2025 onwards.

- currently with nett casg of 844 million - gross cash of 1.64 Billion.

- 184 million passengers in 24.

- Davy TP gone out to €24.

Hard to believe how the Doomster got it so wrong - that is until you examine his track record when you can only conclude that it will be impossible to believe if he ever will get it right.

must say that it was jolly decent of you to bring to our attention Uncle Mikey's exceptional performance which of course is par for the course for him. Probably relieves you of some boredom on the sun swept island.

GG

cannot go wrong buying at 8.40 level or thereabouts.

Congratulations,cuckoo,on achieving your Doctorate in cynicism with an A++. Your perseverance over a number of years has finally paid off.Your achievement is all the more noteworthy considering your abode is a cave.

When shall we have the privilidge of a positive contribution from you on the future prospects of BIRG rather than the constant rear mirror cynicism.

Perhaps the considerate side of your character prevails to prevent such an occurrence - the shock would be too much to take for all BIRG posters.

GG,

probably at or near the bottom. just remember Birg appreciated almost 50% between end of october 22 and early march 23. A near similar appreciation in coming 4 months brings you over 12.50 with a likely 40c div to follow.

Fortune favours patience and the brave.

Howth,

according to 7 Wall St analysts covering BIRG the average 12 moth PT is 12.24 with a high of 13.1 and low of 10.5. Markets are markets with Bank sentiment currently out of favour and reasonable to assume that bank stocks oversold but the oversell may not be complete. common knowledge that markets oversell on way down and overbuy on recovery.

BIRG traded at 6.85 in 2/22 on a 21 op prof of 1214mill ( post tax = 1055mill) .

BIRG traded at 11 in Feb-March 23 on a 22 op profit of 1015mill ( post tax=897mill).

BIRG expected to trade an op profit in 2023 of 2000 mill plus - does this warrant a SP of 13 plus ?

BIRG declared a div of 21c re 2022 annual results plus a share buy back of 11.66 per share.

Mgt have indicated a distribution of up to 35% for 2023 which would indicate a figure of up to 60/65c made up of div and buy back. This would represent the most optimistic outlook .

There has also been talk of a capital distribution to shareholders, especially from AIB. This could also be tied in to share buy backs.

What could be very relevant in determining the end of year operating profit will be the reserve provision which may not be solely dependent on potential bad debts. May be inflated to soften the cough of those shouting from the roof tops of each Bank making 2 Billion profit a year .

In fy 2021 Birg p/e was 5 which moved out to 10.1 in 2022.

The Cuckoo still living in the cave - confusing dogs in the street with the shoeshiners.

Cuckoo,

obviously about time you left your borrowed nest - must be hibernating for the last few years.

Even the Dogs in the street are clued into the well publicised SF economic policies , with the "established" populace praying the shinners will be kept from power. Much more importantly, investors focusing more and more on such a possibility/probability. Whether election in 24 or 25 irrelevent. SF topping the polls by a country mile for 2 years or more.

Maybe you are hibernating in a cave rather than a nest.

Maybe investment focus starting to pay more attention to next general election and probability of SF being in power - political uncertainty likely to hit market sentiment towards Irish banks. Barclays estimate that full implementation of their policies on housing, personal wealth and bank taxes/levies could knock as much 8.5% off nett earnings of both banks.

Now that is what I call a remarkable ladylike contribution to the Board that any lady would be proud of - cailini and mna na heireann take a bow.

Am I to assume that your knowledge of the vibrator is on a par with your love of cynicism.

How low can you go !

Joeoh33

how does 1 go about f...k 1self ?

GG,

Good For Your Soul.

As is the Cuckoo - only his cylinders are cynical but at least they are consistent.

What UFO needs is the return of the Donkey -aka "Silverhorse" -to reignite the SP. Probably paying more attention to Unidentified Flying Objects.