Member Info for johnmcclean

cent to €7.05 as Deutsche Bank reiterated its “buy” rating on the stock after the lender posted better-than-expected first-half results on Friday. “Given the capital generation of the business we expect BoI to be a strong dividend payer in the future,” said Deutsche analyst David Lock, adding that he has increased his price target on the stock by 20c to €8.30 as well as his earnings forecas

based on whats happening here this last year I'm not going to say Observe is wrong with his €7.50 (old 25c ) but that is a bleak prospect to be honest. The bank today has a sustainable income of €650m per year. There is no way that is going to stand still because every KPI is trending positive. We are also burdened with a built in worst case Brexit scenario. Regardless what happens the UK is not going to sink into the sea and it will remain one of the worlds biggest economies no matter how headless the present chickens act. BoI will continue to grow revenue in the UK and eventually STG will stabilize. Unlike AIB we have access to a potential market of 70 million people not 5mil. Can it be possible that a business heading for €1 billion clear profit and a 5% dividend not grow its share price? I hope not and I for one will not hang around if 7.50 is as good as this is going to get. I'm off to watch a real growth story over at TESLA today where they really know how to inflate a share price and build the future.

NIM will be one focus and if it doesn't improve by a few bps it would be very disappointing. CET1 will be a big focus but there should be a good improvement in that. Loan growth should be good too but its irish market share that's important there. Perhaps the two big issues will the effect of the stg exchange rate and the illusive dividend. We need clear guidance on its restoration. Anything less and we will be floating around between the old 24 and 22c until next March. That would be a depressing thought.

i'm thinking all this big institutional buys may not be buys. the price wouldn't be down if they were. it may just be related to the switch from BKIR to BIRG.

I see our old friends Fidelity are building again. 2 big investors in 2 days. Expecting good new in a couple of weeks maybe.

BKIR is no more so I suppose this page is no more as well. New forum at BIRG. Good bye BKIR.

lets hope this consolidation bring about more change than just a new ticker and a blank forum.

Click below until LSE set up the new price. http://www.davy.ie/markets-and-share-prices/iseq/detail?ric=BIRG.I

I think officially its just over 26c. In practice it always seems to be 0.01c above the quoted price with support an open trap door.

There are guys that will check their BOI share holdings on Monday, see a price of €7.35 and think they are rich. If only! The .40c party will now be the €12 party. Anyway, Monday is one more step in the right direction. Can only be good.

Results on July 28th. Busy month so hopefully the tide will turn. There's a bit of movement in the right direction on bonds as well.

I own TSLA for 2 years now and am quite happy to be along for the ride at the moment. Not going to argue that the price in any way reflects performance today but sometimes that just does not matter. Tesla is all about the future and Musk. There are alot of wealthy people willing to bet on his vision and so long as he can deliver the Model3 this year shorts will continue to be burned. Next month will tell a lot. If nothing more TSLA has been an antidote to the frustration of watching BKIR.

Bob when it comes to GM and Ford sales you need to dig a little deeper. In the US anyway (not sure about Europe) sales revenues are book at manufacture not sale. US dealerships are crammed full of unsold cars at the minute. Not so long ago dealers worked on a 70 day delivery to sale ratio. That's been pushed up to 110 days with dealers been forced to rent off site storage for the amount of extra cars they have in stock. When some companies say "record sales" that can be misleading. Expect to see Ford and GM reduce sales estimates this year. By the way, inventories in the farm commodities and oil are the same in the US. the country will sink under the weight of stored grain soon. Old air force sites are been used for storage at this stage with a bumper 2017 crops predicted as well. Apologies, off topic I know but there's little more that can be said about Bkir for now.

Applications have been made by BOIG plc for admission of the entire issued ordinary share capital of BOIG plc to the primary listing segment of the Official List of the Irish Stock Exchange and to the premium listing segment of the Official List of the FCA and to trading on the Irish Stock Exchange's Main Securities Market and the London Stock Exchange's main market for listed securities ("Main Markets") (together "Admission"). It is expected that Admission will become effective and that dealing in BOIG plc Shares on the Main Markets will commence following the Effective Date and no later than Monday 17 July 2017.

Comment The Department of Finance has allocated 10% of the issue to retail investors who participated in the deal. Retail investors who ordered between €10,000 to €50,000 will receive a full allocation. However, for larger orders above €50,000 each additional €1 order will only be filled approximately 53c on the Euro. For example a €100,000 offer will be filled at €76,400. Given that we have a balance outlook on the Irish banking sector and specifically for clients who did not get a full allocation we recommend investing the remaining unallocated position in Bank of Ireland (BKIR) which has underwent a de-rating in recent weeks as institutional investors have sold down existing holdings in BKIR to free up capital to gain exposure to AIB.

Bank of Ireland - Strong CML mortgage data supports UK volume growth Investec. "Council of Mortgage Lenders (CML) data released yesterday show gross new lending in the UK of £20.1bn in May, a 12% increase m/m and a 12% increase y/y. It was also the best set of data for May since 2008. Recent data from the BBA and BoE also suggests mortgage approvals and loan yields are also both showing (modest) signs of growth. The continued strong mortgage lending data from the UK once again highlights the benefits that BKIR gains from its geographical diversification in the UK, political volatility notwithstanding."

The only reason I can think off for the share price been down today is that the manipulators have done their work on AIB and are cashing out today. What makes the drop worse is the praise been heaped on AIB from all sides as a fantastic investment. Every metric they quote is matched by Bkir and in some cases beaten. Every future prospect they mention applies equally to BoI. So either AIB is been set up for a pump and dump or BoI is way under valued.

I love the great reports from the markets that the demand for AIB shares is huge and that the 25% is already gone. What they haven't mentioned is at what price. there's 20% difference between the top and bottom of the range and I'll bet the offers are glued to the €3.90 end. With only 10% of of the 25% been sold to the public it's an institutional free for all. In the end 30% of the bank will be sold for just over €4. Only then will BKIR be let cross 25c. In two weeks time the 30% will be free to trade by the public and in they will jump, suckered into thinking that the low range end price means there a bargain to be had. Well there is, but they will be on the wrong horse.

"With a price range between €3.90-4.90, the deal is targeting a similar valuation to that of Bank of Ireland. " So, the guys keeping bkir down for the last months will get their way in the end. Unfortunately we are but pawns in the game.

what a mess. The winner is the biggest looser. The looser is the biggest winner. UKIP, which was at the root of all this to start with, are toast. At at a crucial time for the UK they don't have a credible person or party to stand up for it in the negotiations. Will Boris be the man???? Will there be a second referendum or maybe a second election? Are the DUP king makers? Will SF head to Westminster to scupper them? And the really big question.. Is this good or bad for BKIR????