The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
are aligning for this dog x
800 million provison loss on project glass and another 400 million loss on the sale of these perfoming loans that are called NPLS that are performing but are called non perfoming lol thats 1.2bn of these peskiy provsion losses that happend years ago but never happend.why can no one see the real reason behind these endless loan sales that have been drip fed over years to prove the criminal actions of the bod and the irish state 4bn plus in povisions at one point and hardley a credit loss to be seen what they couldnt rob off ILP shareholders they have given away to vulture funds and the idiots gohttps://www.independent.ie/business/irish/revealed-secretive-buyers-of-1-3bn-of-mortgages-from-permanent-tsb-will-pay-no-tax-on-profits-37601869.html on about not paying tax haha how stupid are these people https://www.independent.ie/business/irish/revealed-secretive-buyers-of-1-3bn-of-mortgages-from-permanent-tsb-will-pay-no-tax-on-profits-37601869.html
a bit of good news-these loan book sales have been a crime when you think ptsb as been averaging 150 reppos/forced sales/year since it was hijacked in 2011,2.5bn in provisions left whos gonna get it ? theyve burnt through anout 1.7bn in provisions and not a credit loss to be seen.http://www.independent.ie/business/irish/ptsb-shirks-sale-of-nonperforming-loans-35895525.html
from the horses mouth,the hearing on the 23/25 went better than expected the judgement will come unannounced usually between 6 and 12 week after the hearing.
i see springboard as had a miraculous turnaround since it was sold off for a song,but dont forget it was subprime mortgages lol.doing a lot better than the 5.9bn npls at ptsb.lying cheating bastards the lot off them.http://www.irishtimes.com/business/financial-services/mars-capital-to-refinance-332m-of-irish-mortgages-1.3036165
anyone any knowledge of the hearing last week in the irish high court.http://www.ilpshareholders.com/azarmi2.pdf
hi shareho1der thanks for your incite,i have read the opinion back to front and for people like me it is hard to grasp,but it as got the word recourse in it,meaning go back and put things right,and also in the judgement it said the the actions of the irish goverment was right,i didnt see the word legal in there,hopefully there is something in there to right this injustice.
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im sorry to hear about your loses,mine a bit more,but going back before 2011,no fundamentals at work here just shiesters robbing the hell out of the shareholders,but I am 100% sure they will get the sp back above the euro 4.50 rights issue price,becauce these new investors will be seething lol,theres a 2.4bn ramped up to death provision on the irish mortgage book,in comparison aib is 1.4bn and boi is 1.1bn,aib reported more than 2 x defaults of ptsb at the peak,they could write up a billion tomorrow and bring it in line with aib,so fill your boots,me I will just wait for anything that comes out of the court case good look.
8 NOV,good luck to all long suffering shareholders including me.
what do you make of the conclusion 101 in the opinion,does it say a government cant take over a company without the consent of the genral meeting or the opposite,cant work it out its a bit of a riddle ? whats your take on it cheers.http://curia.europa.eu/juris/document/document.jsf?text=&docid=180641&pageIndex=0&doclang=en&mode=lst&dir=&occ=first&part=1&cid=902023
is the new carpet baggers,ie new investors are getting their ar se smacked lol,dont they know this is the worst investment in the history of the universe,if you was an original ilp shareholder you would probably owe money to these scumbags,terible injustice and criminality if these politicians and deviants had left this super rich group alone it would pobaly be back to twenty eurous paying a big fat dividend,WHERE are we at 2016 repposesions in the hundreds and pretty much all the delinquent loans in forbearance,never mind im sure they could easily write back a few billion in an instant
anyone heard anything,all gone quiet, is the irish state dragging it out until after the 26 feb irish elections ??
yeah horizon asset management i think are the lead litigants,with others behind them including piotr,it is going to court in oct so i understand,i personaly have felt that much oppression holding this share from the irish goverment and the BOD i made a 300 euro donation towards the legal costs even,thou i am not involved in the litigation.
results out tommorow,no matter how good they are it doesnt matter,shareholders own 0.7% of IPM,that thieving bald bas tard noonan and is regime have robbed the investors here,unless he ever takes is boot of our heads were screwed it will be lucky to see 10c again.defaults were running under the baseline in the first four months of the year.and i would be intrested to see if the uk loan book takes a 25% haircut when they sell it. http://www.independent.ie/business/irish/permanent-tsb-tells-ec-its-on-track-to-make-profit-by-2014-2860662.html
this company was a blue chip company listed on the LSE,i didnt know nothing about direction orders aimed at investors.this was an honest investment.and to direct this legislation at people is a disgrace.if anything good comes out of this every irish company should be booted of the LSE and maybe listed on the north korean stock exchange.
this bank as been nationalised on what ifs or maybes,EBA stress tests carried out last month under adverse conditons ipm would need an additinal 1.4bn and baseline meaning if things carry on as they are 200 million.these amounts could easily be reached the sale of irish life 1.7bn,and lets not forget the LME what as just put 1bn on the ballance sheet.the thing that as killed it is these insane delevargeing costs of 2.2bn that dont have to take place to 2013.lets make some comparisons,BOI had to delevarage 30bn yet there costs was lower than ipm who have to delevarge 10bn also AIB as delevaraged 8.6 bn of none core assets in the first six months of 2011 for a loss of 131million ?you cant compare AIB to ipm AIB have got 15bn of impaired loans,and i dont know why BOI have been treated difrent they had no assets to sell and there LME was reqognised towards there recapitalisation,the irish goverment caused the colapse in ipms share price then bought in at 6c obliterating the sharehholders.bottom line 1.66bn excisting CT1 of 10.6%,sale irish life 1.7bn,LME 1.bn,cotigency notes 400million loan,then irish govt 900million total CT1 5.66bn around 35%.lets see what hapens in court.