Allied Irish Banks Share Discussion Threads

[bongo bwana] 08/11/2010 16:08

All in good fun Chick - have observation post here only at the moment.

[lbo] 08/11/2010 09:47

So what implications do this week's results -- particularly the NIB numbers -- have for the Irish-owned banks?

If one excludes the two rogue banks, Anglo and Irish Nationwide, the four other Irish-owned banks had a combined peak loan book of just over €320bn.

They have so far written off, including losses on bad loans transferred to NAMA, just €18bn of this -- with AIB writing off €9.5bn, Bank of Ireland €7.2bn, Permanent TSB €730m and the EBS €568m. That's 5.6 per cent, or just over a 20th, of their combined pre-crash loan books.

If the four more-or-less-solvent Irish banks were to write down their loan books to the same extent as NIB, then they would be looking at a further €25bn of loan losses. And who is to say that NIB won't find even more nasties as it goes through its loan book with a fine-tooth comb?

Whatever the precise numbers, it's as clear as daylight that the Irish-owned banks have still not acknowledged the full extent of their loan losses.

If the NIB results are any guide, they haven't even come close.

[hvs] 08/11/2010 09:08

Why are the JAILS still empty when bankers and politicians have bankrupted a NATION ?

[bongo bwana] 08/11/2010 08:56

AIB is now a sock????

Ur probably more right than wrong Chick.

[ch1ck] 08/11/2010 08:43

Moody

Thanks for the support its always tought watching a sock fall I am however quite happy with my position as I have seen this activity many times before and this is the hot topic of the next few weeks / months.

[jak1] 06/11/2010 10:53

LOL LOL LOL

Let them eat cheese: Irish government hands out block of cheddar to every family
The Irish government has risked fomenting revolution by trying to solve the country's dire economic problems by handing out a free block of cheese to every family.

[gerryl] 06/11/2010 09:16

Cant believe whats happened to this share, its gotta to be near the bottom now?
Im in as soon as I see 4 + upward days of buying and not before!

Good luck all.

g

[qipincha] 06/11/2010 00:06

What happen to it

[moochy] 05/11/2010 21:44

Ch1ck, That's every traders dilema! You're not alone.

[ch1ck] 05/11/2010 17:45

looks like every time I buy its the kiss of death, best I sell and this will roket

[moochy] 05/11/2010 12:42

5.76 euro cents.

[linney3] 05/11/2010 12:35

18 Euro and 5 cent

[dilly4] 05/11/2010 12:30

what's 5p in euros??

[hermana3] 05/11/2010 11:20

Certs make for wallpaper...

[bongo bwana] 05/11/2010 11:17

If they fell to 5p I might consider acquiring a few.

[moochy] 05/11/2010 11:04

Ch1ck, brave move! Let's hope the Irish government's pockets are deep enough to rescue ALBK. I'm not a holder, but I was on and off over the past 18 months. I just think that things will get worse for ALBK before they get any better. Share price can fall as low as 5p within the next 3 months, that's when I might consider buying some.

[lbo] 05/11/2010 10:51

The bank will be all but nationalised in December, when the Government raises its ownership stake to 90pc, a move that will reduce the value of AIB shares even further.

[lbo] 05/11/2010 10:46

S&P downgrades AIB's UK business to negative

[ch1ck] 05/11/2010 08:25

Just bought some more at .26 thats me all in. I dont buy into the default story. I cant see the Irish Gov letting this happen.

If I have called this right then this along with BIOM could be the big gainers in my portflio

Safe trading

[lbo] 04/11/2010 12:53

Market signals 62pc risk of AIB default

[moochy] 04/11/2010 09:53

Thanks for posting that article LBO.