Member Info for Yeats

Hi cooking , I am sorry to tell you that everything in investing has to do with a time horizon. A few days either side of the exact 365 days you are looking at brings a whole different perspective. I have it at 8.14 low on dec 22 last year but I’m ok to also agree they are relatively flat . There will be a lot of opinions as to why the shares are under performing , but in my opinion they are just swinging , a lot seems to be the lack of interest from investors who have guaranteed returns elsewhere , others think it is something to do with the rather limited UK car finance issue , others think it’s fundamental , but look how wild this economy is and surely you can see they will be making over 1.5 billion in profits for the next several years - it’s , in my opinion undervalued . That’s the great thing about investing , it helps to get several opinions , several time horizons and then make educated choices . I have already explained how I got ‘very lucky ‘ with a timing transaction and then couldn’t believe my own luck when they dropped to as you have said , almost exactly where they started the year , I would not have bought back in at 10.60 but definitely believe they will be back there by March . Have you any thoughts on why you think they are , under or over valued ?

Depends on your time horizon . To me they are still up 8% from year end last year and at one point were up 30% ! They will be again ,. And in my opinion as soon as March . Look at 200 day moving average

Great article about European banks in FT today . If you are a value investor it’s hard to ignore fundamentals!

Going to be a number year for payouts in 25 and in my opinion a +20% lift in share price to recover some of the discount to US equivalents !! Happy New Year to you all - Eurozone bank shares poised for best year-end since 2010

Well said radar , I’m ok with losing money if it means standing up for what is right ! There is no justification in this many children dying violently, never

The reason for the 8% recovery this week , so a good indicator of what the market expects the worst hit to be ( less than 1Billion ) So still expect a slight correction tomorrow of the ECB do anything other than a quarter % reduction ! I think after the end of January we can expect recovery to 10 euro for sure now

I wouldn’t say confident , but if the FCA lose the case it’s likely the whole UK market stalls at least ! The precedents are that courts normally leave ruling bodies make rules , there will be some pain but I can’t see it being as big as currently estimated . If BIRG have 2% of a 20 billion estimated total they can easily take the hit and move on

Fair play Howth , I’m almost maxed out but will not be able to stop myself if it drops below 8 ! This is good for 3 euros of dividends in next 3 years so if anyone thinks this bank is worth less than 8 billion they are not corrdct - the divs will be higher if as I expect the car finance issue is resolved by the FCA in the UK . This share is worth buying now for sure

That’s if you don’t believe in its true value . I had my reasons to sell , more luck than anything , but i am fully vested in this share and have now 10,000 extra free shares for myself. I am happy to wait for 1- the dividends -over 6% next 3 years ) or 2- share to go well beyond 10.60 again in th medium term. I am a long term investor in BIRG - i wont sell again below 12

Better to pay the tax and sleep well ! You will be liable in whicjever state you are living in at their rate

Did Blackrock just offload 20% of their holding ? Down below 8% now ! Surprised at that to be honest

Yep , between Blackrock and MFS , 20% , that’s a strong vote of confidence and hopefully we might even find an outright buyer in about 10 years time ;-)

Buy opportunity if you are long on this country and its success . But if you fear trump /israel can kill our FDI goose then it’s maybe why there is a sell off . I’m still buying

German higher than expected inflation today , so despite the gloom around VW etc , this is the ECB sole mandate - so there will be little chance of a 0.5% drop in December . Good for BOI

Thanks Joe , not sweating at all , I’m fully invested in it and really love this company , nothing else like it in Ireland and the final line in this morning statements mean there will be nice special dividend when Basel IV starts 💪💪💪💪

I bought back in - significantly at bellow the 9 I targeted , and I am really long. This car finance ruling and perhaps tomorrows statement may mean I have been a little to quick and possibly should have waited til January but this weekend I have seen that Ireland’s economy is still on fire - people are spending and big and that can only benefit the banks - onwards

Hi John, am I correct in thinking you feel that there will be another 600million in buy backs next year in Feb ? I just don’t get it - why not just stick with Dividends - it’s so much more valuable for the share . Is it maybe a tax efficient way of keeping tier 1 capital at elevated numbers ? I have not heard it explained sufficiently but every bank is at it - HSBC announcing 3billion bb this morning

Fair points , but if you analyse the effect of a 1.25% ECB interest rate cut to the 2% range on BOI profit , it is quite small and still will leave us in the 1.4-1.6B profits and with the CEO determined to pay a sustained dividend we should be in the clover if we take the long view . Also the dropping ECB rate makes a case for investors to look to shares for growth . Trying to predict the ups and downs is a gamble but long term there is no threat to this really incredible cash cow

I still think a time horizon is critical here . 8 euro would just be too good value for this share ! Under all circumstances ( even an ecb rate cut to 1% ) the bank will make minimum 1.4 billion profit for each of next two years . With dividends likely of 1 euro per year we will be sitting at savage returns for a share that low and if anyone is seeking a better return on capital they wouldn’t leave it sitting on deposit in a European bank . I’m back in seriously as of today at 9

Hi - any other watchers here ? This share is giving up 15% dividends at the moment and yet still appears to be cheap . Any thoughts ?

Are we not passed the approved buyback numbers ?