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What does the future hold for Prevascar,Adaprev and Juvidex? if these are successful, how much revenue can be expected. Seems too much focus was on juvista. can juvista be modified for future tests? can juvista details be sold to large pharmaceuticals for further R&D? is this the end of RENOVO
i HOPE THIS DOESNT RESURFACE AGAIN. IT SHOULD CONTINUE ITS DOWNWARD SPIRAL TO ZERO. TIS NOT WORTH A PENNY
last time(before budget) they said new shares will be issued at 0.50. where are we now?
thanks for that. I missed that info. True de listing from main market is imminent but shares will still be trading on ESM. For those who do not understand Irish set-up, ESM is the equivalent of AIM market. So if you see any future in AIB you can hold. Actually some prokers still recommend it. On what basis,I dont know! thanks johnfitz
I havent seen an article 30bn shares, neither have i had of de listing. raising shares and de listing is communicated to shareholders through an RNS (according to LSE rules and also ISEQ rules). May please paste an official notice with regards to 30bn shares and de listing, thanks.
lenihan put a value of euro 0.50 on aib shares. euro 3.7bn injected equates to 7.4bn shares. currently 1 bn shares. total will be 8.4bn shares. This is the official position unless he publicly rectracts what he said earlier.anything else is purely speculative. THERE ARE NO 30BN SHARES!
falling albk is sheer panic albeit low volumes. Share going down without any news coming. it has fallen 11% today. what is it today that makes this share worth 11% less than it was yesterday. Another question, is there any share which has fallen to 0.00 and rebound? I see ALBK making history!
5.4bn to be raised from RI at 0.50 means 10.8bn shares have to be offered. Currently there are 1bn shares. So after RI there will be 11.8 bn shares with market capital of 5.4bn + current capital of 400m =5.8bn. therefore share price will be eur5.8bn divided by 11.8bn shares =0.49.
Lenihan said it is unlikely that a private underwiter can be found for AIB therefore the national pension reserve fund (nprf) will underwite the rights issue. each share will be bought at 50cents if no investor buys. Does that mean our shares will be "diluted" upwards as they are currently treading at 34cents.
My average is eur 1.02 So no point in selling. Would rather sink in the ship than selling at 34c. Actually considering to double my holding to reduce my average. think at some stage Santander will put an offer for ALBK.
what will happen if share price remains well below the rights issue price of 0.50. why not buy now instead of waiting for RI
EU stress test approved Albk. They will not want to see their stress tests as baseless(hence rendering them invalid) Hence they will make sure AIB does not fail. Secondly Irish Govt cant face the embarrassment of seing this going down. They are prepared to change the rules to see AIB survive.You`ve heard the saying -No bank is too big to fail - This bank will not fail ! The disposal of assets deadline has been shifted coz AIB couldnt dispose MT bank shares and uk assets at right price. This is a private company run as a government department. when and where have you ever heard of a collapsed govt dept. I will keep piling AIB shares at taxpayers cost(sadly)
you are significantly down. hold. all the bad news has been said and exposed. the only way is up in few weeks/months. sale of MT BANK, UK ASSETS. no more bad news coming. this is the lowest. buy more so your average comes down whilst opportunity exist
regulator increased ALBK capital REQUIREMENT TO EUR10.4BN. Lenihan buying 6bn shares @0.50 = eur3bn all foreign assets sale =eur5.2bn (zachodni,mt bank, uk assets) currently 1bn shares in issue =0.5bn eur10.4bn less eur8.7bn =1.7bn to be raised from RI for RI to be attractive 6.8bn to be issue @ eur 0.25= eur 1.7bn by december a total of 14bn shares including govt pref shares with market capital of eur10.4bn. new year albk share price = eur.0.74
polish bank= 2.5bn + 1.2bn from MT bank+ 1bn from uk assets= 4.7bn. therefore 2.7bn needs to be raised from R.I currently 1.080BN shares @ 0.63 = EUR 0.7BN R.I SHARES 7billion shares @0.34 =EUR2.7BN(amount required to get the required 7.4bn) TOTAL AFTER R.I 8billion shares @0.42 =EUR3.4bn This means you are offered a chance to buy 6 new shares @0.34 for every ALBK share you own. price per share after RI will be 0.42
Certainly not time to sell. wait for the run up to RI. Since u own a substantial amount, you will need a substantial amount to buy new shares after RI. so you can exit just before if the price is right. other banks like BoI,Lloyds,RBS etc have been through the same process. AIB is just trailing but will be there. Am down 40%.
Roberto Galea/WBJ Spanish lender Santander has likely won the bid for Allied Irish Banks' controlling stake in Polish Bank Zachodni WBK, claims daily Gazeta Wyborcza, which cites unnamed sources. The newspaper claims that the management boards of both BZ WBK and Santander have already met in Spain and that Santander is conducting an intensive overview of the loans granted by BZ WBK. The official announcement as to who will buy the 66-70 percent stake in AIB's Polish arm is to be made this week. The decision has already been delayed as the Irish group previously said it would choose the investor by the end of August – the Irish government wants the bank to get funds from the deal by the end of the year at the latest so that it can meet capital requirements in its home market. Pending the official announcement, the daily points to certain facts that show the decision has already been made – according to Gazeta, BZ WBK President Mateusz Morawiecki and members of the management board met in Spain with Santander boss Alfredo Saenz. The meeting is said to have been arranged by AIB representatives. Moreover, Santander envoys are said to be at BZ WBK's Warsaw headquarters meticulously analyzing the bank's credit portfolio. And according to Gazeta's source, this looks very much like due diligence. BZ WBK is the fourth-largest bank in Poland in terms of clients served and brings in almost zł.1 billion in profit a year. AIB wants to sell it for approximately €3.5 billion. The price scared away some bidders, but Polish PKO BP, Santander and French BNP Paribas Fortis all submitted bids on Friday, according to media reports. Santander already owns the Polish branch of AIG, but acquiring BZ WBK would give the company a large bridgehead into the Polish banking market. From Warsaw Business Journal by Martyna Olik
regulators want AIB to raise 7.5bn euro,(current share price =0.77). if they sell foreign assets and raise approx 4bn euro (share price = anyone`s guess) why on earth would you think the price goes down after disposal of assets! pile`em up ALBK.
surely this is time to buy into albk. stress test gave positive outlook. Next is sell of 70% in polish bank which will certainly increase share price followed by sell of UK assets then 22% in american MT bank. surely the next 3 or 4 RNS will be postive. Some are waiting for H2 re****s on 4th Aug, -why wait when u can buy sub 1.00eur. if albk is trading at 95cents before selling assets worth 4.5b euro it will be worth over eur1.50 after the sale. You buy albk now and get a DISCOUNT with the imminent Rights Issue. could easily double your investment in 3-5months.
IBOA secured proxy votes from shareholders so the can be allowed to contest selling of AIBs UK assetsv & N. Ireland First Trust Bank. This would derail plans by AIB to meet targets set by irish regulators. will publish more details as they emerge.