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PGee - Please read my earlier post today.
I outlined the fall from over 5 to 2.6 in the last 30 days. Was that statistic absolutely disingenuous and meaningless too?
In the post you refer to I was giving perspective. Manufactured, unwarranted or whatever conspiracy in your mind it happened. Its fact and was duly noted by anyone who trades this stock as opposed. It was a crucial all time low and SP for many, many years. From a chartist and various perspectives, it is a critical SP as to tracking whether we were heading to a "double bottom trade" or as it happened, to break resistance and go lower.
I appreciate you and most people here are more likely long term investors. There are a few of us here that simply try to trade it. In / Out. The only objective you and I share is to make profit, how we do it is completely different so please don't expect we would be using the same language, perspectives or words on this. Does that explain it clearer?
No it won't unfortunately Ashton. BIRG customer interface is actually not a weak point anyway. That tech will bring the user interface up to high 2017 tech standards .
The problem is on the legacy pipes - legacy systems with add ons and customisation that are tied in with significant and expensive operating models and contracts. System on system. Difficult to unwind because of complexity and penalty clauses, difficult to add to due to processing and capacity constraints.
It is like constantly modifying and constantly upgrading a 1999 reg Opel Omega so that it can compete with the green economies and technology of those entering the eu market in spanking new 2020 Teslas.
BIRG is only down - 13% below what it was on 15th August 2019. The other banks down c. - 28% on Aug lows.
Btw irrespective of % culpability re SP, McD was never the right person. A capable leader but not highly rated in the City in terms of Transformative leadership...otherwise she would have stepped up to the top role at a top tier.
SP looks attractive to some at this price, particularly if SF recognise the damage a LEFT COALITION would do to Ireland and it's economy and reject doing so.
I am hoping SOCIALISM is only a SF Badge used to fool the young and naive to get more votes, so that they get control to deliver a UI poll. Ultimately, thats what I believe they are about and good luck to them on that. They became Globalist overnight when the immigrant vote increased, they became Pro Abort, LGBT etc when the votes arose and in fairness thats smart politics. They no longer need to convulse or mutate to get power - they have it now.
If they really believe in the LEFT and SOCIALISM, they will form a Government with the LEFT. Hopefully Ireland doesn't get a LEFT Coalition - if it does it is it'll be very tough.
Sorry for so many posts over last two days and don't mean to cheese anyone off. Am outta here.
Good Luck Comrades!
El Gel - I am not here to stand up for the Left or Right.
I am a CAPITALIST and that is why I am commenting on a chat trading board for a bank share.
The Bank Debt was the second greatest injustice ever imposed on the Irish nation. The singular worst economic moment in our history. Without a doubt, the monumental disruption of the P&L, Balance Sheet of the state and quality of lives for generations.
And guess what is was? SOCIALISM AT WORK.
CAPITALISM is based on people taking GAINS and LOSSES from Risk based decisions. Bondholders and Shareholders should have taken 100% the hit, but no the SOCIALIST SUPRANATIONAL AGENCIES like EU said no Ireland and its CAPITALIST Government, we will not allow you to continue with Capitalism, you must adopt Socialism in Ireland and get your people to take the losses of shareholders.
SO CAPITALISM helped create the debt and then the abuse from EU SOCIALISTS made the Irish people PAY for all of it. I wish SOCIALISTS truly understood how destructive they are....they cause so much damage be cause they truly understand what CAPITALISM is. They believe they are not doing well because others are doing better. THINK about what this does to peoples minds.
SOCIALISM AT WORK
I agree that there is a LOT of scaremongering, its a good point.
If you are directing it at me, I would just say I am giving a very basic outline, of the forces as I see them. Why would someones opinion scare you if you know otherwise. I mean, if you know that SOCIALISM and the LEFT will be good for Ireland then enjoy. Am more than happy to debate any particular point, like everyone I am entitled to my own perspective and I wish you well. But to be frank, what you think of me is none of my business.
Back to the point about scaremongering;
How do political parties rise to power?
Why are some afraid to criticise Sinn Fein or LEFT policies?
How did PIRA, UVF, etc silence witnesses?
Why are kids distressed and convinced the world will end in 7 years?
It's endless SCAREMONGERING from SF and Left too, who should know better and leave the kids alone.
The Share Price is the TRUTHFINDER and cuts through ALL the noise and Scaremongering.
I am strongly of the perspective, that a LEFT Coalition would be an absolute disaster for the Irish economy. People who voted SF and Left, now need to own their Policies, their TDs and their consequences.