Member Info for johnhume

I would imagine that AIB's share buy back policy may be currently driven by the fact that they have c.2.67Bn shares in issue as against c 1.07Bn for BOI.
Also s/h can instruct their brokers to vote in accordance with their ( s/h) wishes/instructions.

"how do you know how the Directors voted,..... "
so the bod put a proposal to the s/holders but they will vote against !!. As they certainly don't abstain we can take it as read they voted in favour. If not would not be at next board meeting. Nice to see you accept validity of my point and the no voters most certainly have a point. It is a fact the vote was carried but so was Brexit and you are now almost 7 years down the road and nobody still the wiser !. I certainly hope the time period is not as long here.
As the Beneficieries involved are substantial shareholders ( would be concerned if not ) should the substantial SP increase in itself be not sufficient reward without having to throw in another 175 million odd.

Sloop JB,
With the double negative does it mean the horse can drink.

SCB,
you dont sound like the smartest guy on the planet, but probably rate high among the cynics.
If you cannot decipher the difference bet in ween the 62/38 and the 56/44 then you really are the plonker. For your education the 62/38% is what you arrive at when the SOLE BENEFICIERIES of the proposal are included - the 56/44% result is the democratic vote result. In most walks of life anyone with a vested interest/conflict of interest generally excluded from participating in ....

must be approved first at agm

SCB,
Boo mkt cap = 677mill and at 53.38p per share gives a shareholder figure of 1,268,265,267.
You advise founders etc own 20% of this which equates to a figure of 253,653,000. Deducting this figure from the no of votes cast of 800 million gives a voting figure of 546,350,00 nett of the founders share.
The 38% no vote of 800 million equals 304million. Deducting this from the 546million results in a yes vote of 242 million excluding the founders/BOD/EXEC ( ie the Beneficieries ) votes. My calculations work this to be 56% against the proposal and 44% in favour- not quite 50/50 as you suggest. So a reasonable person can empathise with the no voters being ****..d off- - maaybe so ****...d off as to dispose of their holdings.
On a different note I see the 12 month averageTarget Price for Boohoo among 13 Wall Street Analysts is 45.45p issued in past 3 months with the highest analyst price to be 85p and the lowest 30p.

"how do you lose 38% of your s/h base " - presumably by those who voted against the proposal selling their shares.

The difference is you could lose 38% of your shareholder base.
Remove the founders shareholding and the BOD/Exec shareholding from the vote, in addition to possible unhappy s/h who didn't vote, and I imagine the vote would have been 62/38 against.

CF met with BOI yesterday and their research note this am includess following ;
BOI has customer base of 2 million with no 1 and no 2 mkt position in all principal product lines.
NIM for yr was 1.96.
SP rose 50% in H2 22 and has driven a rerating of SP to trade at 1X Book Value representing a premium to eoro and uk banks.
More aggressive div growth is promised reflecting strong cap position and exit from state ownership. For 2024 DPS of 55c are predicted.Consideration to be given to further share buy backs dependent on capital position.
Their increased TP of 10.10 represents 0.9 Book Value and forward div yd of 4.4%. Following 100% SP increase over last 12 months we feel SP fully valued relative to euro banks and reflected in our revised TP.

c.6.3 per share. ex div probably mid may.

some comparisons from both sets of results.
PBT ; AIB =765mill- up 20% from 2021 fig of 645mill.. Birg static at 1.2bn although Alliance report 14% drop due to davy.
Dividend ; AIB = 381mill from 213mill in 21. BIRG = 350mill from 108 mill in 21.
Total Income.; AIB report figure of 2.895Bn, up 21% on 21. Birg report increase of 11%.
Nett Income ; AIB report 2.159Bn and up 20% on 21 fig of 1.794n. BIRG report increase of 11%.
Impairment charge; AIB provide for 316mill and BIRG provision = 187mill.
Net interest income; AIB report 2.2bn,up 20% on 21 with 3Bn plus forecast for 23. BIRG report increase of 12%.
AIB customer mark passes 3million and BIRG state increase of 11%.OTE.AIB = 9.6% in 22 with forecast of 13% in 23. BIRG adjusted rate of 10.6% in 22 with 15% projected to end 25.
Davy analysts state that guidance pointed to significant update in consensus expectations for AIB and indicate that they should comfortably exceed ts target in early 23.
New Accounts. AIB report 450,000 new accounts ( 76% increase). No figure in BIRG report but may have mentioned figure of 250,000 in Nov release..

see that BIRG sp just increased from 10.72 to 11.03..
interesting to see how results presented differently. lliance news headline 14% drop in reported profits from 1.2bn in 21 to 1.06bn in 22 due to Davy acquisition. also report div payout ratio to increase to 40% by 2024. common equity tier 1 down to 15.9% from 17% in 21.
Ar regards Blackrock's future intentions their holding on 17/8/21 was 6.52% ( sp = €6 ) ;holding increased to 8.46% on 2 Dec ( sp = €7.68 ) and further increase to 8.74% on 22 Feb ( sp=€10 ). Very probable they had existing sizable holding prior to 17 August and with SP now above 11 sitting on very sizable profit.
How will sp fare over summer post div payout ? following is history over prior 3 years ;
7/5/20 = 1.65 ; 2/10/20 = 1.62. some up and down in between.
28/5/21 = 5.27.; 12/11/21 = 5.16.. dropped to 4.80 on 3/12 before taking off to 6.85 end of February 22.
23/4/22 = 6.70 ; 30/9/22 = 6.56 and took off subsequently.

strong results with better than expected return to s/hs.BOD must be paying attention to this board.
good to see cost/income ratio dropping below 50%.
looking forward to seeing the setting out of the next phase today with updated strategy including financial targets for coming 3 years to end of 2025 which should underpin SP at current levels.
Pity entire 350mill not distributed as dividend as 125 mill buy back only removes 10mill odd shares from the table.
also reducing future div payout ratio from 50% to 40% whereas AIB propose increasing their ratio to 60%.Perhaps this may be reflected in their considering the annual distribution of surplus capital.
looks like M O'Grady intends to set his mark.

10.60 sale on 28 February

GG
5c paid to s/h and I believe another 5c allocated to share buy back.
Cooking,
are you related to the Sycophantic 1. why the generosity towards me re 10c sp differential. have also sold at 8.50/8.70/10.10 so these "losses" add up to more than few grand. Hopefully you bought them and are in profit.

typo.
if you cannot take it , don't dish it out.

Doomster,
Be positive. you can hardly call your Canaries trip expensive when weighed against your Boohoo losses.
Mind you that loss can be multiplied 8 times over if you had invested instead in your reject, Bank of Ireland. your £8,500 investment would be worth £70,000 rather than £1100 it is worth today in Boohoo.
With such lossess I would be inclined to dismiss thoughts on inflation. Stagfation comes to mind.

Cooking ,
you better have a few extra lessons on the calculator usage or make an appointment with Specsavers. According to the RNS Blackrock increased their holding from 8.74% to 8.84% ie 1,070,326 shares. Perhaps it's your cynical characteristics rising to the top yet again. As posted already any intelligent individual would have these removed from their CV yesterday.
" ...... dumped a lot around 7.50. Happy days.. ". seeing they have been sold at up to 10.50 ,with more in the back pocket, your days must be VERY UNHAPPY.

DT
Have done Ryanair a disservice - carried 167.2 million passengers to end of february 2023.Have met their 2023 target already. at this rate of knots will probably carry 185 million this year - and funny thing is they are all disgruntled passengers !

DT,
how often has it been posted here how selective The Doomster is relating to FACTS.
He is too HUMILIATED to address the FACTS regarding his doomed recommendations and ,equally, too HUMILIATED to address the FACTS that his REJECTS have proven to be the STARS/WINNERS in their spheres.
His next posts will probably relate to BOTTLE - strikes me he is still on his INFANT BOTTLE.