Member Info for Yeats

What it’s the current short term thinking ? I’ll go with a bottom of 8.50 before year end ( as long as wwIII doesn’t catch us all out ) , but a very quick and sustained climb back to the heady heights of 11 early in the new year ! Any thoughts ?

The ECB dropping rates . Even though it is very well flagged , and will likely only knock 100m off profit in next 3 months it is just spooking some short term investors . I still love the share , I’m back in at 9.05 today and going all in this week if it keeps dropping . I won’t need to sell but I think it will be above 10.50 by the time it releases it 2024 results in march 25

Hard to see how we can get to 14 euro in 12 months - but 11 /12 seems reasonable. With profits easing to 1.4-1.6 billion , dividends will stay at 1 euro range so history suggests 12 if economy and global sentiment remain stable . I do think there will be a move below 9 in next few weeks though for short term reasons

You are correct , it was 9.14 ! I had a limit of 9.15 I hadn’t received the note until now

I had 49k shares but I think this has a way to fall yet after the div date . If it keeps falling I’ll keep dipping in and building

Oh and by the way - just bought qty 10,000 at 9.13 so looks like I’m back in

I think it’s fair to say that the div announced earlier in the year was a dispersion of profit from 2023 , but an interim dividend can always be interpreted two ways -

1- its a reflection of the first six months of this year 2024 and a dispersion of that profit

2- it is a prepayment for the full year 2024 - but if the last six months of 2024 then the full year div to be announcednin 20025 might not be as strong as it might have been if an interim was not paid

I don’t think the personal insults are necessary here - we are all hoping to make a profit from shared experience - let’s please stay civil . The world is a mess out there so its good to share with like minded people

Not perverse , just the markets reacting as I did , taking a position based on best information available . If I could do it I am sure the people earning millions on Wall Street can spot signals

Thanks JH , as you know trying to time the markets is a mugs game so that was just a good call based on my own personal instincts over several years of watching the momentum’s around this share . This budget is definitely inflationary, so helps the investment story around BOI , but I think you are right , this fall looks like it may continue til at least Friday and get below 9 ! Hard to see why , I can’t see the ECB rates falling that quickly , but maybe Germany is knackered and we are all going to have to live with the inflation ultra low rates here will deliver to save their economy . Let’s wait and see , looks like I’ll hang around a few more days to see how this develops ! Just doubled up on FBD in the meantime , a 1 euro dividend and a 1 euro special dividend is a strong investment argument with dropping rates 👍

hi howth , yep i left almost 17k dividends on the table but just felt it was prudent to take the profits i had ( very significant ) hard to find as good an investment story than boi in ireland , except maybe fbd ! one day like today didn’t make me a guru , but if it keeps falling and then after the ex dividend date you might see me sooner than i thought !! i’ll be in like ***** again at 9 ! mind yourself

Hi all , wow you’ve all been busy in my absence this week . I think we had a new high yesterday so looks like 11 could be attainable this year . I’ve decided to exit , sold all my shares at 10.60 yesterday , I just feel the geo political tensions are getting too high and we may get a very black Monday moment soon ! I still fully believe it this shares fundamentals, I’m just taking the profits off the table right now ! When I’m back in the share I’ll drop by to say hello again ! Farewell

Well a lot seems to have happened in a week , but the fed havent let us down and it looks like we are still on oath for 11 euro this month . I’m a little conflicted. I still think there is more value here , but as you can see from the recent chats , geo political issues are hovering , so it might be a good place to exit for a while ? Can we get some predictions on 3 - 6 - and 12 month outlooks and why >. - I go 11 , euro in 3 - then 13 after stellar performance in march next year and then its too hard a guess but I still feel 13-15 range this time next year - and at that I still think its value - lets hear from you please

Agree , especially with stamp duties etc . But everything you say supports a strong bank of Ireland performance too so I’m sticking with buy buy ! I’m in it for the long term though , almost 100% upside so far so I can take some hits along the way . Day traders have a different time horizon but I can’t see anything that is negative , except a Sinn Fein majority government going rogue ( which I put at less than 1% chance ) Onwards as far as I am concerned and almost 50k a year in divs for me this year so very very happy

How will it affect the share price ?

True , but still can’t see any signs of a recession in Ireland and I’m predicting USA is still stronger than market is reacting to . Mad wild swings keep offering up long term buying opportunities. I’d love to get everyone’s thoughts on 3 year outlook for price ? I’d be happy to start at 14 euro ballpark , given inflation and rates and housing growth in Ireland

Just moving to where ‘fair value is if it’s higher for longer , which it appears to be , no lower than 2.5% euro rate by end of next year supports a higher profit than expected

Hi all , how’s everybody feeling this week ? Higher for longer for euro rates look like it’s going to benefit us for at least another year ! That’s where I’m focused but am I too narrow in my optimism in thinking euro rates going to stay above 3% which is great for us til 2026 ! Without a world war or even with one I’m still thinking 12 euro by march next

Would like to say I told you so ! All the sellers two weeks ago at 9 euro ! They wouldn’t get a pint in Dublin for that ! This share is like a pint that keeps topping itself up ! Stay patient - -11.50 by end of September and 12 by end of year - the interest rates are only coming down in small steps ! That’s good for us . And when they ever go below 9 again snap them up and keep snapping them up ! More valuable than the best pint in Dublin

Sorry didn’t mean it quite so passive e aggressively, kinda meant it’s a totally different planet in terms of how banks/boards manage dividends than when Ireland was in its Celtic tiger era . The bank is more than ever being managed to satisfy its large shareholders and dividends /buybacks will form a much larger part of its future . In the old days the banks were managed as private members clubs by its senior management for their own benefits ! This is a better corporate environment for shareholders , especially long termers - The dividends will be a great proportion of pat in the medium term - I have a feeling the buybacks will stop once profit normalisation occurs when the ECB get back to about 1.75/2% in 2026

There’s no point in looking back to those numbers . There’s no relevance. And it would be a better guide to look at what other companies in the ftse100 do , it’s usually closer to 30/70 than 50/50