Member Info for Observe1

Underwhelming at best: Income flat; growth down in respect of core assets (mortgages); UK book being curtailed (by admission or not); Davy massively underperforming (bought on a PE of 18.75 against a Group running PE of 7.3); projected performance in HY2, flat; and critically, no further buybacks announced nor any dividend accrued for (that we can see in the announcement).
This share will struggle to see €6 for the remainder of 2002. Can move lower as political influences build and elections loom. Sell, sell sell!!! Pray for some acquisition interest with the cheap €!!!!

Thank the good lord and perhaps the hand of the authorities.....the number of reportings of his rubbish may have finally paid off!!!!
We can only hope, certainly supported by a share price that will not likely see €6 in the next year!!!
Now for the other two####

BIRG's acquisition of Davy (suggested by me last year) is a positive move that fills a huge gap in skills,fee income and position in Wealth Assets. Excellent acquisition and critical to Davy to move on from a 1980's Old Boys (incestuous) Club, to a managed institution. Price wise it is what it is. Value to those that built it.

It is of concern that the pest, Silverhorse provided privileged information on this site at 8.21 today......before the official announcement. His presence, together with his alter egos are a huge source of issue here and perhaps we can now have him removed, even prosecuted. We will see.

BIRG's next move needs to be a buy back of 5% of their shares, permitted under the scheme agreed at the 2020 AGM. It would be helpful for an update on where Citibank are in the process of selling the State's stake but their ultimate removal needs to happen....and soon. Then we will see performance rewarded in the SP.