Member Info for joxer22

It's worth reading the entire section

The strategy recommendations regarding Irish LNG supply are clearly described in this document: (Mitigation section A on P.29 addresses offshore exploration)

hXXps://assets.gov.ie/276795/c7ca6839-05f5-4d7f-8db9-bbf12f4eba67.pdf

It's all about what investors are willing to pay for future growth. Ryanair would be seen as a major growth play with potential to rapidly expand over the next few years. Bank shares seem to be treated like bonds, with the additional potential for some capital growth in addition to their yields.

Davy reckon 64.8c dividend and buyback of €600m. They have a €14.10 SP target.

My rule of thumb has been to buy when it's under €9 and take a bit off the table when it's over €10.

Lots of big buys at the close - interesting to see if it continues in the morning

My investment in PRD is based on my interest in Morocco gas potential since the Fastnet days. I don't have any view on T&T of which I know little, but I am quite skeptical about Predators potential in Ireland. The idea that Ireland is somehow dependent on Predator/Corrib South and needs to drill for gas is nonsensical. As an Irish citizen I have a pretty good understanding of how the fossil fuel story is playing out here. I expect that LNG storage will be approved very soon but the gas will be bought in, not drilled in Ireland. There is a strong anti-fossil fuel agenda in the country driven by the politicos, media and education - my teenage kids believe that fossil fuel is simply evil incarnate! I figure that the likely outcome for the existing license holders like PRD and LOGP/BEY etc. will be the legal route.

"Ireland will either go in a direction that is beneficial to predator or it will die"

Laughable!

My guess is that the DECC will come up with some half assed plan recommending LNG storage only with some provisos about not allowing fracked gas to be sourced for storage. That way they can claim to resolve the supply issue and also throw a bone to the environmental lobby. Hopefully some political courage will be shown to approve local drilling in order to provide genuine energy security - looks like we'll find out in the next few weeks.

Interesting article in todays Sunday Independent about LNG security. It notes that the DECC "will return to the Government for a final decision on the optimum solution to secure Ireland’s energy systems in the coming weeks.” The article concludes that "it makes even less sense to maintain a block on anybody exploring for Irish gas in Irish waters, while buying in fracked stuff from Trump’s USA?"

Article in todays Irish Independent states that RBC capital markets reckon BIRG may take a provision of £390m (€470m) for the car loan liabilities. Seems pretty high?

No need for simplistic tropes about "the irish"

There was an interview on Irish Newstalk radio this morning with an anti-LNG group representative. These folk are against Ireland even developing storage facilities for LNG - crazy!

The FY24 details on the 24th should be interesting, especially the dividend numbers.

Goodbody latest target prices are €13.52 for BIRG and €7.43 for AIB

Potential near term acquisitions?? seriously?

Trumps just wants Europe to buy US oil and gas (using tariff threats to convince the EU to buy into his plan)

https://www.politico.eu/article/eu-ready-to-negotiate-donald-trump-boost-gas-import/

https://www.reuters.com/business/energy/trump-says-us-will-guarantee-lng-supplies-europe-2025-01-23/

Looks like almost 10M GRP shares were traded on the Euronext exchange in Dublin over a ten minute period on Friday - yet no impact on the SP?

Euro banks all doing well today, EXX1 index up over 2%.

When the US president and his wife are issuing their own currency it's time to stock up on gold and hunker down. This will all end in one mega crash that will make the great recession look like a picnic.

It looks like Trumps plan is to flood the market with US gas and oil in order to reduce costs for the US consumer and to bring in revenue from abroad. He will no doubt use the threat of tariffs to try to force Europe and other regions to buy and absorb the excess US capacity. Interesting times ahead.