Member Info for PatMcG

Are you still living in Tullybrannigan? My sister lived there when the children were small, about fifty years ago. At the time theirs was the last house on the road before the pine forest. Had to move to Dublin when her husband got a big promotion. But she always regretted having to leave Tullybrannigan, the mountains, the sea and the golf.
Back in the days when then this share was a torture, the only thing that kept me going were the hilarious posts by Radar and Colggy . Some mornings I would just laugh out loud and thought they should put them in a book. But the good times are here at last and I am holding out for between 10 to 14 euros a share, at which point I will have made about Euro 40,000. Though a lot less in the sterling zone where I am based.
Take care, Hope your health keeps up and Happy Easter.

PatMcG

You are spot on about JohnHume. I have been on this board for many years and bought Birg many years ago when it was still a penny share and just a little friker. John was always one of the posts worth reading, along with some of the old times, some of whom have now long gone. But a few years ago a bunch of clowns invaded the board and I would have abandoned it but for posts of John and a few others. But like any others I kept the faith and think Tiocfaidh ar la at last. I hope the FT forecast of 14c a share this year comes true.
ParMc

Does anybody here know where I can sell Bank of Ireland share certificates in London. Is this still possible post Brexit? Thanks. PatMc

Many thanks for the clarification.

PatMc

Thank you for that very useful information about the UBS – Pre stabilisation. I had wondered what it meant. As this will increase the banks borrower costs, it might explain the sudden recent sp drop and result in less generous dividend payments. But a question: have all of these reserve funds have to be held as unsecured funds? And if so, will this have any impact on a bank’s Tier 2 capital reserve requirements?

PatMc

It the absence of any obvious news, and given the fairly hefty selling after the bell each day, is it possible that Francesca is quietly doing a buy-back to ensure that there is no downward manipulation of these shares?

Or does anyone have a better explanation?

PatMc

Ah, beautiful Newcastle, Co Down! My sister lived there for many years, up on Tullybrannigan Road, with the Mourne Mts behind and the lovely long sandy strand on the front, not to mention the Slieve Donard up on other end with, for you, the golf! Lucky you. Enjoy it.

PatMc

Dividend will be paid after deduction of 20% withholding tax in the case of both Irish and UK residents unless exemption form submitted before 20th April 2018. Pat

Will be 11.5 euro cents per share payable on 24th May 2018. pat

Yes, I have noticed it also - nothing showing after about 1pm and the trades that are showing are not in chronological order. But if you Google Digital Look Birg you will get them all. PatMc

I have a milkman who delivers at 4:30am without fail, hail, rain or snow. And I live in North West London. They are out there, but seldom seen as they deliver very early in the morning to avoid the traffic. As for the crows, a few years ago the blue tits were doing this all over London. The problem is that once one figures it out, they teach the others. Only thing you can do is leave a cover out for the milkman to put over your silver tops. Yes, BIRG doing nicely, but I cannot help wondering how much this has to do with Francesca McDonagh and how much with the rise of the pound sterling.

BlackRock goes above 5%

I hope what you say is correct. But the source was Transport Secretary Chris Grayling as reported by the BBC today. Merry Christmas All! PatMc

The UK government is planning to introduce a new road tax on HGV calculated by the mile they travel on British roads. This would hit Irish (and Scottish) exports hard as Ireland uses the UK as a land bridge to get her goods to the continental EU and beyond. The impact would be the same as the 20% import tax Britain imposed on Irish goods during the 1930s Anglo Irish trade war, which Sean Lemass attempted to counter by creating Aer Lingus (now sold by Kenny to BA) as a connection to Europe which would buy pass the UK. Does anybody know if the government has any plans to expand the two container ports at Dublin and Cork to enable our goods to buy pass the UK in exporting to Europe? Different topic yes, but big impact on the Irish economy and therefore on BIRG. PatMc

Well said, Torquay. Evictions are alive and well again in 21 Centaury Ireland. And made possible by the very inheritors of a State created for them by those who in the Proclamation wrote “and ownership of Ireland by the people of Ireland”. If those being targeted were only buy-to-renters, Radar would have a point. But the Supreme Court ruling in the TSB versus Langan case does not differentiate. Thus ordinary families, originally hit by a banking crash not of their making, will now find themselves being evicted.

I think deadcatbounce’s post answered that question – essentially it’s the SETS computer system algorithm. If you want a blow by blow account of how that works, here is a paste from Barclay’s Share Discussion: The last trade at 16:35 is a "UT" uncrossing trade and can generally be ignored. For those of you who want to know how it is calculated: The Uncrossing Algorithm performs a series of passes within an individual market, matching the best bids and best offers present in the price time sequence. When all crossed volume has been matched, an Uncrossing Trade Price can be determined for the market. This price is found by applying one of the following calculations. The calculation used is determined by the presence of residual limit volume within that market following uncrossing. The four possible cases are: • There is no remaining bid or offer limit volume in the market Uncrossing Trade price = the average of the bid and offer price from the last match. • There is remaining limit offer volume but no limit bid volume in the market Uncrossing Trade Price = offer price from last match. • There is remaining limit bid volume but no limit offer volume in the market Uncrossing Trade Price = bid price from last match. • There is remaining limit offer and limit bid volume. To determine the Uncrossing Trade Price in this case: • Determine what the Best Offer Price is. Determine what the Bid Price is from the last match. Take the lowest of these. This is known as the ‘High Price’. • Determine what the Best Bid Price is. Determine what the Offer Price is from the last match. Take the highest of these. This is known as the ‘Low Price’. The Uncrossing Trade Price is the average of the ‘High Price’ and ‘Low Price’. If this value is halfway between two tick values the price allocated to all uncrossed business will be rounded towards zero (rounded down if the value is positive, rounded up if the value is negative). If no matches occur within a market there will be no Uncrossed Trade Price for that market. PatMc

At last an explanation that makes sense. Mystery solved. One can learn a lot from this Board – some well informed posters. PatMc

Many thanks for that informative post about the end of the day SETS Uncrossing Trade (UT) auction. But I am not sure this explains those very large after hours trades which have only recently started to occurring since consolidation. For one thing, many of them take place up to about 40 minutes after the closing bell, long after the UT price/volume has been posted. Also, while they are classified as O (ordinary trades) on LSE, on other boards they are classified as NT (negotiated trades). These are private trades negotiated directly between individuals or institutions, with no market makers or order matching and as such I cannot see how they could be part of the SETS auction – or am I missing something here?

Suddenly Digital Look are showing all trades again, though now ALL trades are described as AT, that is an automated trade generated by the order book. So, was it all just a Computer glitch or are they reading these posts or was it your email PGee? LOL! PatMc

A very interesting question. I have checked both BKIR/BIRG price and trade deals on Digital Look for years. They have always indicated the trades, the after-hours trades and also, unlike LSE, details about the type of trade involved, e.g. O for ordinary trade, A for automatic computer activated trade, B for broker to broker trade, and NT for negotiated trade, that is a private trade between two, often anonymous, buyers and sellers. Also, in separate windows, they listed the Latest Trades and Largest Trades for that day hour by hour and the type of trade involved. On Wednesday the 26th July, after these very large post-bell trades first began to appear, I posted that though they were showing as O trades on LSE, they were showing as NT trades on Digital Look and speculated that there might be private institutions out there trying to control the sp, possibly in order to keep it low in order to buy up the small holders’ stake and, as another poster suggested, the Irish Government’s 14% stake on the cheap. Then on Friday 28th July Digital Look suddenly stopped posting ALL after hour trades for BIRG and its Largest Trades window stated that there were no large trades to report – despite the fact that they were still showing in LSE. Curiouser and curiouser as Alice once said in another equally odd looking glass world! Pat Mc