Allied Irish Banks Share Discussion Threads

[hermana3] 30/10/2010 12:06

dealy,market also doubts if hard pressed punts will be able to stump up either...

[dealy] 29/10/2010 08:39

is the market beginning to doubt the Irish government's ability to inject the necessary funds into AIB?

[moochy] 28/10/2010 14:28

Albk is tanking and this with a Shorting ban. Can you imagine if the shorting ban was lifted what would happen? The shorting ban is only prolonging ALBK's miseries.

[bongo bwana] 28/10/2010 13:46

Id say thats a function of the RI strike price.

[dilly4] 28/10/2010 13:45

has anyone an idea what % will participate in the RI.

[bongo bwana] 28/10/2010 11:57

HVS - are you some kind of foreigner or illeterate perhaps?


The word is JAIL and yes an awful lot of the Irish bankers and regulators should be in them by now. Im sure a few British bankers could be incarcarated for their misdeeds.

Are you Lord Lucan per chance?

[bongo bwana] 28/10/2010 11:54

They didnt have a goal keeper???????

[hvs] 28/10/2010 11:50

Finna Failed.

The bankers partied.

Yet the Irish GOALS are empty ?

Why ?

[bongo bwana] 28/10/2010 11:42

ALBK have screwed up their refinancing strategy so badly its a complete fright to realise that top management and the BOD are so Godawful. This is what happens when mollycoddled golfers are allowed to progress up through management ranks and lose the essential banking skill of discernment and how its applied to the customer base.

The bank which used to be considered as an institution in Ireland is now considered as an entirely different type of institution (like an organisation for housing/accommodating the criminally insane). Credibility is zero to sub zero.

BKIR has stolen a complete march on them, ALBK is left choking, coughing and spluttering in their dust.

50P RI ??????????? Someone is having a laugh.

[bongo bwana] 28/10/2010 09:35

I was estimating that region also Herm - hope Ur keeping well. May be joining U in SE Spain sooner and for longer than I might have expected a year ago. This country is going to be an unsanitised toilet in 2011 and 2012.

Im not in but am loitering with intent.

Theres even a risk that it would be a slow burner for a while after the RI even if it gets up to 90% take up.

Cat 100 - have been missing Ur input elsewhere and would greatly appreciate your current views on this one ;-)

[bongo bwana] 28/10/2010 09:07

Guys,

Theres a rights issue around the corner here and AIBK may struggle to get it away, even at current levels. So, the time to wait for is the date the RI price is fixed and it will have to be priced to go.

It may even have to be an open offer.

[moochy] 28/10/2010 08:58

I'm waiting to hear confirmation on albk's bail out, and details of this plan. I don't think that I'll jump in before this news is given. But you're right in that once it hits bottom and it's future becomes clear, then we can see a rapid rise.

[ch1ck] 28/10/2010 08:42

Seriously thought once his overhang clears and the main banking shares bottom we should see a very strong move up.

I may be in a bit early but I dont see the price much lower

Risky but plenty of up side

[moochy] 28/10/2010 08:39

Good luck Ch1ck.

I have been tracking albk as well and have been waiting to jump in again, but the last announcement of a new chairman isn't very encouraging news. No one can say where the bottom is yet, but I think it will still have some way to go still unfortunately, and this is only my opinion. I hope I'm wrong for your sake.

[hermana3] 20/10/2010 09:24

Gonna be a wee bit hard for this lot to get a Rights off now. Have sat on their soft golf club holding hands for way too long as usual.

[lbo] 20/10/2010 09:15

Credibility of bank stress tests questioned

THE European Commission is being asked to explain why Allied Irish Bank received a clean bill of health in its stress test when it later needed an extra €3 billion from the Irish taxpayer.

[hermana3] 19/10/2010 20:38

Even More dodgy beancounters...

[lbo] 18/10/2010 23:17

How did Allied Irish Banks pass the CEBS stress tests, but then require a bail-out from the Irish government?

[lbo] 18/10/2010 23:15

AIB will account for two thirds of the €6.6 billion loans that will no longer be transferred to the National Asset Management Agency (Nama) following the government's decision to raise the minimum transfer threshold from €5million to €20 million.

AIB sold loans to Nama for €1.4 billion on July 12 despite having valued them at €1.9 billion in its balance sheet as at June 30, its half-year end. Bank of Ireland, meanwhile, sold loans to Nama on July 16 for €800 million. These loans had been valued at €1.1 billion in its half-year accounts dated June 30.

Had the Nama valuations been used in each bank's accounts, their combined reported losses would have been €800 million higher.

[hermana3] 11/10/2010 09:46

Next stop is the huge wave of private debt impairment here. Wont be even a wee bit pretty.