Allied Irish Banks Share Discussion Threads

[ch1ck] 25/11/2010 08:03

Ugly are you bonkers me old mate Alied has gone up 13% last night why would you want to short this?

[uggly buggly] 24/11/2010 19:50

Just found that out myself, but thanks mate

[napoleon111] 24/11/2010 18:31

only in newyork, not in dublin or london

[uggly buggly] 24/11/2010 16:49

Great intraday recovery

Is it possible to short irish bank shares?

[tom.b] 24/11/2010 16:25

I wonder if they can recover or is it past the point of rescue... knowing the Irish they will probably turn it around...

[napoleon111] 24/11/2010 14:49

nice jump today, profit to be taken

[napoleon111] 24/11/2010 14:34

The Government today unveiled a raft of budget measures to restore the State's finances by 2014.

The plan confirms that 40%, or €6bn, of the required €15bn adjustment will be made in 2011, and that the adjustment will be made up of €10bn in spending reductions and €5bn in tax and revenue raising measures.

Measures include cutting social welfare by €3bn, reducing the public sector pay bill by €1.2bn and increasing VAT by 2%.

The plan will also draw more workers into the income tax net. By 2014 anyone earning €15,300 will start paying tax, down from the current level of €18,300.

The four-year plan warned that the drastic cuts will negatively impact on the living standards of the people of Ireland.

Speaking at Government Buildings, Taoiseach Brian Cowen said the current crisis was "a challenge that can be surmounted."

"We are a smart, resilient, proud people and we are going to come through this challenge," Mr Cowen said.

The budget roadmap includes the following savings and tax reforms:

- The minimum wage is cut by €1 to €7.65;
- VAT will increase 1% to 22% in 2013 and to 23% in 2014;
- Corporation tax will remain at 12.5%;
- Public sector workforce to be cut by almost 25,000 to 24,750, bringing staff numbers back to 2005 levels;
- A reformed pension scheme will apply for new entrants to the public service, while new staff will be hired at a salary of 10% less than currently;
- Student fees will increase;
- Water metering will be brought in by 2014;
- Carbon tax charges will double to €30 a tonne, raising €330m;
- A site-value tax will be introduced next year, rising to just over €200 per household by the end of 2014.

The National Recovery Plan stated: "The Plan will help dispel uncertainty and reinforce the confidence of consumers, businesses and of the international community.

"The tax and expenditure measures contained in this Plan will negatively affect the living standards of citizens in the short term.

"But postponing these measures will lead to greater burdens in the future for those who can least bear them, and will jeopardise our prospects of returning to sustainable growth and full employment."

The Taoiseach said the size of the economic crisis means no one can be sheltered from a contribution to national recovery.

However, he has pledged that those who have most will make the most contribution and those who have least will be protected to the greatest extent possible.

Mr Cowen says it is important to know that there is hope and confidence for the future, but also lessons to be learned.

[hvs] 24/11/2010 13:35

Is that true that Brian Cowan will be going on a diet after the budget ?

Is it because he wants get fit enough to have a round of GOLF with BANKERS ?

God Bless Irish Taxpayers.

[hvs] 24/11/2010 12:41

Will Irish Banks be selling potatoes soon ?

Or will it be the black liquor ?

[napoleon111] 24/11/2010 12:30

stupid android phone, cant get to my email! it certainly seems that honohan wants to push for foreign ownership, which seems like a good idea, hopefully they would streamline and recapitalise the banks. whether it be aib/boi/ilp on one knows, however i can tell you that theres currently no talk of that in aib at the moment. the share price movement here is a weird one though i admit, much worse shape than boi, yet share price holding up better...i suppose boi have more to lose so to speak

[bongo bwana] 24/11/2010 12:26

Many thanks Nap - sincerely appreciated.

Would not rule out the possibility of a Government selling their interest in ALBK to a foreign interest - probably soverign, (Im pretty sure that during the past few days Mr. Honohan at the CB made a pretty clear hint towards something that may be a possible move at an appropriate time in the future and that this would have the blessing of the CB).

Well, that was my interpretation.

The manner in which the share price is performing here suggests that some people suspect or know that the move may occur sooner rather than later. THAT is exactly why Im watching, right now.

[napoleon111] 24/11/2010 12:14

lol, yeah, down about 50% at the moment from my average (still reeling after paying 12p last year!) but have faith, and not too worried, next year i think will be a really good year, and am thinking of averaging down significantly if i can get the money together over crimbo. I agree with you, boi is the much better bet. Would shy away from aib because of the almost certin full (ok 99.9% or whatever they are touting) nationalisation. As regards boi, fun times ahead. I really believe a few hundred euro that you can afford to lose and sit on for 5 years could do very very well, and then maybe another few hundred to trade in and out at current prices to cover the intial long term trade, then its free shares so doesnt matter what happens! will drop you a mail when i get a chance to share my thoughts

[bongo bwana] 24/11/2010 12:07

Hey Nap,

Its thats RAM - Im stuck there for a while by the current look of things ;-(

Im not in here Nap - am more inclined to look at BKIR with a glint in my acquisitive eye but would welcome your guidance on this situation - [e-mail]

[bongo bwana] 24/11/2010 11:29

hvs - You ARE bankrupt

Welcome to the party for bankrupts

[hvs] 24/11/2010 11:02

IRELAND is banrupt.

Just as much as the EU Parliament who want to increase the EU budget by 7%

ITS THEIR HUMAN RIGHT TO DO SO.

[napoleon111] 24/11/2010 10:58

was he the same broker who told you to buy them originally at €20+?? lol!

[nearlybroke2] 24/11/2010 10:26

well that's that then.....

My broker advised me to sell all my aib out of my amrf,
"they are worthless now and will be zero soon".

I took his advice!!!

[ch1ck] 24/11/2010 10:11

This share is defo not for the faint hearted but if you trade it you can make some big money. I have bought and sold over the last two weeks and and am buying back in today.

As I see it all the banks are up for sale with Alied the strongest. The Euro is falling apart and if it recovers you get a double wammy of share price and Euro to Pound exchange rate rising.

Alied debt is under writted and has arranged a pull down of NAMA of 13 Bil in a structured manner.

The right issue is under written at 50 cents current price is 26 cents.

Give this two weeks and we will see the panic subside and people will see stabilising the banking system is key.

As a comparison examine the fall and recovery of the UK banks

[crosswire] 23/11/2010 18:18

Investors Staying Clear of Irish Banks on Bailout Concerns

Posted on: Tue, 23 Nov 2010 11:25:11 EST

Symbols: AIB, EWP

NEW YORK, NY, Nov 23, 2010 (MARKETWIRE via COMTEX) --

On Sunday Ireland became the second euro zone country to ask for aid and will officially begin talks with the European Union regarding a bailout that could reach $110 billion. The talks are expected to focus on the restructuring of the country's banking system as well as the government's deficit cutting plans. The news was met with skepticism with investors questioning whether an Irish bailout would be enough to restore financial stability in the Euro Zone. Irish Banks plummeted on the news, as did the iShares Spain Index. Investors appear concerned that Spain could become the market's next target after the Irish bailout. The Bedford Report examines the outlook for companies affected by the Irish bailout and provides research reports on Allied Irish Banks plc (NYSE: AIB


Shares of Allied Irish Banks fell more than 9% yesterday as investors appear concerned that bank shareholders are of little priority following a bailout. According to reports from The Wall Street Journal, Irish government officials said the banks would need more capital as part of the country's massive bailout package. Government officials say the banking sector will face downsizing that will likely see a series of asset sales intended to reset the industry to its core function of serving the local market. The report warned that this could potentially leave shareholders with a fraction of their investments.

The Bedford Report releases regular market updates on International Markets so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.

Shares of iShares MSCI Spain Index slipped close to 4% yesterday amid concerns it could be next in sight for bond traders. Spanish borrowing costs rose sharply as the Irish crisis took hold, with the 10-year yield seen at 4.73% compared to less than 4% in early October.

The Bedford Report provides Analyst Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at

[hermana3] 22/11/2010 08:04

Independent? Excecutive Chairman has to call the incompetent twits at the department of finance for permission to spend a penny!