Allied Irish Banks Share Discussion Threads

[incidentmanager] 12/11/2010 15:54

so now we cracked Jo Hambro... lets focus a lil on Fidelity and AXA

[incidentmanager] 12/11/2010 15:53

yeah maybe Jo Hambro can crosswire the rest of the shares to Edward... - paper trails - luv em :)

[crosswire] 12/11/2010 15:51

November 12, 2010, 9:36 AM ET.

IRE, AIB Rise As Irish Seek To Calm Borrowing Fears

Meantime, shares of Irish banks traded in the U.S., who are at the center of the credit crunch in Ireland, are on the rise this morning.

Shares of Allied Irish Banks PLC (AIB) are up 11 cents, or 12%, at $1.05, apparently boosted by the confident statements of Honohan and Lenihan.

[lochgarman] 12/11/2010 15:13

irish banks are...for sure

[bongo bwana] 12/11/2010 06:19

Are they shorter free in London Lin?

[linney3] 12/11/2010 00:11

Why dont people understand that banks in Ireland and elsewhere are shorter free - :(

[gerryl] 11/11/2010 19:07

Guess shorters here having a field day??


g

[lbo] 11/11/2010 09:53

ALLIED Irish Banks will soon be fully nationalised as the cost of insuring bonds in the bank soared to record levels, traders predicted yesterday

[gerryl] 11/11/2010 00:06

Im in when they swing upwards.

g

[gerryl] 11/11/2010 00:04

These Irish stocks have hit their lo?

Christ these have to be the bottom.

Arent they?

g

[lbo] 10/11/2010 14:45

Time for the Irish bank shareholders and bondholders to take more pain ahead of Irish bonds!

[ch1ck] 10/11/2010 12:30

After a 30% rise I expected a cut back today but so far we have seen little selling. We will have to see how the American market opens.

So far this bodes well and even a cut back may be seen as a positive sign if it draws in new buyers.

I expect at least a rise to 0.6 or even 1.0 before we see some profit taking.

This story however is not over and the ride will be very bumpy

Only the brave please apply

Happy Trading all

[ch1ck] 10/11/2010 08:00

Too early guys this thing has just turned

[dealy] 09/11/2010 16:09

me too. Got out break even after having been down 8 grand. Come back another day.

[donalc] 09/11/2010 16:06

I am out again for moment, to pause for breath!.

[crosswire] 09/11/2010 13:41

Yanks are buying!

[hvs] 09/11/2010 13:22

Anyone know why its going up when ITS BANKRUPT ?

[crosswire] 09/11/2010 12:00

liarspoker

Any chance of putting the NYSE:AIB chart in the header?

[ch1ck] 09/11/2010 08:45

Actually I ment a 20% rise by 8.45.

Quite a rise

[ch1ck] 09/11/2010 08:05

expecting a 20% rise from the lows by the end of the week US stock up 19% at close

[qipincha] 08/11/2010 19:54

what a change

[dealy] 08/11/2010 18:24

That should put them back to about 33 cents. What a market.

[linney3] 08/11/2010 17:57

Well they are up 23% in the US as I type,but that will only reflect a few cent on the European price

[donalc] 08/11/2010 17:06

Bought some last week :-(, topped up this am to average down.

I do not believe the Irish government will let this go under (even if it deserves to!) on that basis bought another tranche this am,- USA seem a bit happier tonight with news.

This is very much a trading share at moment , gone are the days of LTBH!.

[ch1ck] 08/11/2010 16:13

What is NAMA?
The National Asset Management Agency is a key part of the
solution to the current banking difficulties in Ireland.
The Government examined all of the potential approaches
available to it to deal with the riskiest loan portfolios on the
balance sheets of Irish banks. These loans were preventing
banks from lending into the economy which is required to
support economic recovery. Following an examination of the
options available, it was decided that an asset management
agency approach was the best means of ensuring the stability
of the financial system and the protection of depositors and of
ensuring that banks were able to lend to the real economy.
NAMA is an asset management company that will acquire
good and bad loans from participating institutions. It will
manage these assets (hold, dispose, develop or enhance
them) with the aim of achieving the best possible return for
the taxpayer on the acquired loans and on any underlying
assets over a 7 - 10 year timeframe.
NAMA is a workout vehicle, not a liquidation vehicle, and can
take the longer view on borrowers and assets if it makes
commercial sense to do so.
NAMA is sometimes described as a "toxic" or "bad" bank. In
fact, it is not a bank since it will not be taking deposits from
the public and will not have a banking licence. Moreover,
there will be a mix of bad or "non-performing" loans and good
or "performing" loans in NAMA's portfolio.
What is NAMA doing?
NAMA is buying loans, at a discount, from the participating
banks. These loans come from the riskiest part of the banks'
portfolios - loans secured on development land and property
under development. In addition, the largest property-backed
loans of all the banks in the scheme are being acquired.
Taking these riskier loan classes off the balance sheets of the
banks concerned will make the banks safer and more secure
for depositors and investors and free them to lend again to the
productive economy.
By doing this NAMA is putting itself in the place of the bank
that originated the loan and will have all the same rights to
pursue debts, where this is necessary. Borrowers who
continue to meet their contractual obligations will, of course,
have their rights fully protected.