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ANGL Anglo Irish BK.

0.207
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Anglo Irish BK. LSE:ANGL London Ordinary Share IE00B06H8J93 EUR0.16
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.207 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Anglo Irish Bank Share Discussion Threads

Showing 4701 to 4720 of 5000 messages
Chat Pages: 200  199  198  197  196  195  194  193  192  191  190  189  Older
DateSubjectAuthorDiscuss
19/1/2009
10:18
min,with Govt holding de bag days have a habit of becoming years.
hermana
19/1/2009
09:44
Will this share trade again in the future?can anyone shed some light on it please.If they hold the deeds on loans surely there is capital there? I cant see it being wiped out for share holders, there is a future in lending money,so surely this will trade again in the future.
minho
19/1/2009
09:23
L0L!

Another hilarious attempt at innovative accounting by someone connected to Anglo!

Funny how nobody else in the sane world saw this bargain!

lbo
18/1/2009
21:05
3-1 for 0c compensation is a great bet IMHO. Paddypower seems to think it will between 1 and 10c at 1-3 on!
lbo
18/1/2009
11:13
what a shower of cumt$
father o toole
17/1/2009
17:21
I mean a more a la Argentina-style.

Same for UK by the way, eventually the bond markets will say 'no mas' and there will be no buyers for our paper. The dimwits in charge will become desperate.

Damn shame, when you think of all the money (worldwide) put into saving failed enterprises run by bell-end managements, we could probably have cured cancer or something worthwhile. The reality is that for political reasons no pain is allowed anymore so we screw the next generation.

cpl593h
17/1/2009
12:43
cpl,already done that here.
hermana
17/1/2009
12:40
I see a pensions raid in your futures.
cpl593h
17/1/2009
01:10
Fitzpatrick was the guy who said on a radio programme in November that to help tackle the financial crisis in Ireland that the Government should tax childrens allowances.
Its about time the smirk was wiped off this guys face

stephanie_m
16/1/2009
23:57
Daily Telegraph

Ireland's financial sector is 'no Iceland', says minister
By Rowena Mason
8:47PM GMT 16 Jan 2009

The Irish Government has insisted that no more banks will be nationalised after the seizure of Anglo Irish Bank, emphasising that its financial sector is "no Iceland". Finance minister Brian Lenihan said Anglo Irish's failure was caused not by a sector-wide crisis, but damage to its reputation after the "secret loans" scandal last month. The bank yesterday revealed that former chairman Sean FitzPatrick arranged €129m (£115m) in loans for himself – €42m more than originally thought. More than 900 investors demanded that the entire board resign after hearing that Mr FitzPatrick spent the loans on shares, property and films.

But analysts last night questioned whether the scandal alone had caused a lack of faith in Anglo Irish. Anna Lalor, an analyst at Goodbody Stockbrokers, said the "timing but not the nationalisation was a surprise", since Anglo Irish's heavy exposure to the property bubble had left it in a worse shape than Allied Irish and Bank of Ireland. Analysts also speculated that the bank could make the "perfect vehicle" for a "bad bank" now it is publicly owned. Kevin McConnell, head of research at Bloxham Stockbrokers, said the takeover offers a "ready-made solution" for taking the pressure off Ireland's other banks by removing bad loans from the books.

Ireland's six main lenders, including Anglo Irish, Bank of Ireland and Allied Irish Banks, have just €39bn in speculative property loans. The Government will now push ahead with giving Allied Irish Bank and Bank of Ireland €2bn each in recapitalisation. Experts are not predicting the nationalisation of the other Irish banks, but many are still worried about the nation's financial sector. Ireland was the first country to give 100% guarantees for deposits, leaving it with potential liabilities of twice its GDP. "Guaranteeing deposits seemed the right thing at the time, but now the whole sector is shaky, it's looking less of a good idea," said one Dublin-based analyst.

masurenguy
16/1/2009
16:08
bloomberg about to do a piece on anglo now
routers
16/1/2009
13:26
"wipo1 - 15 Jan'09 - 20:40 - 4167 of 4241: I take it UK depositers will be ok?"

Daily Telegraph
January 16th

Anglo Irish collapse – what it means for UK savers
By Emma Simon

The news that the Anglo Irish Bank will have caused concerns for thousands of UK savers. Many have invested their savings with the bank after it offered some of the most competitive interest rates on the high street, coupled with a 100% money-back guarantee. It is estimated that at least 100,000 UK savers had about £10bn in this bank. In is understood that about 50% of the deposits held with Anglo-Irish are from savers in the UK mainland. For many of these savers it may feel like a case of out of the frying pan and into the fire, as many transferred their money to this bank following the banking crisis in Iceland. News that Anglo Irish has now had to be rescued by the Government following funding problems will cause alarm among those whose primary reason for moving their money was security.

The following Q&A should provide further information.

Q: Is my money safe?
A: Most people consider money that is held in a nationalised banks, such a Northern Rock, or now Anglo-Irish as safe, as the Government is the ultimate backer, so savers should not be worried about their security of their cash. The Irish Government has said that the bank will continue to operate as normal. The terms and conditions of people's account will not be affected by the change in ownership of the bank.

Q: Can I get my money out?
A: Yes. It appears the depositors and creditors can still transact as normal, so those wanting to withdraw funds should not have a problem.

Q: Will the interest rate fall?
A: There has been no immediate change to the interest rates paid on these accounts. However, as with any bank rates will be reviewed from time and time, and when a new management structure is put in place, then rates could fall. Most experts are not expecting the rates paid to be as competitive in future.

Q: Should I take my money out?
A: In most cases there will be no pressing need to act now. In fact given the funding problems the fact that the Government has stepped in means your money is probably safer than it was a week or two ago. Many of the products sold by Anglo Irish were fixed term bonds and accounts. These promised high rates of interest, provided savers were prepared to lock their money away for a period of time. Anyway withdrawing funds before they mature face paying a high penalty, so it is recommended that these customers in particular leave their money where it is at present.

Q: Isn't money in a bank always 100% guaranteed?
A: As the recent banking crisis has shown this is by no means always the case. Most banks and building societies operating in the UK are covered primarily by the FS Compensation Scheme. However, this will only protect the first £50,000 on deposit if the bank goes bust. Some European banks, such as Icesave operated a "passport scheme" whereby in the event of a bank going bust, savers would have to first claim from the compensation scheme running the bank's country of origin. Only if this paid less than £50,000 would customers be able to claim a "top-up" from the FSCS.

Q: But I thought savers haven't lost a penny from the various bank collapses?
A: To date this is largely true, although many that have had their money in offshore accounts have lost out. However, when it appeared that the Icelandic compensation scheme was unable to meet its liabilities the UK Government stepped in and promised to reimburse UK savers in full, over and above the £50,000 cap. In this case the Irish Government has stepped in, in a similar fashion to how the UK Government took control of Northern Rock.

Q: What does this mean for the 100% money back guarantee offered by the Irish Government. Does this still apply to other Irish banks?
A: The Irish Government said there has been no change to deposit protection offered.

masurenguy
16/1/2009
12:44
This was only mentioned last Sunday! Scary stuff

Quinn focus of intense Anglo meetings


Informed observers say this is causing more immediate anxiety than Anglo's looming bad debts owed by Ireland's developers.

Quinn, Ireland's richest man, is known to have lost over €1bn from his investments in Anglo, but some observers are putting the figure much higher.

Of particular concern is the method used by Quinn to fund these purchases and any implications this had for the Quinn Group, including his flagship companies Quinn Direct Insurance and Quinn Healthcare.

lbo
16/1/2009
12:40
Gurgle gurgle...
hermana
16/1/2009
12:34
The worry has to be a lot of the loans are all cross collaterlised with the likes of AIB and BOI!

Just how under water are these property developer loans???? And lets not even ask about Quinns loans and what collateral they may have put up!



When questioned how businessman Sean Quinn, who with his family owns 15pc of the institution, might fare from compensation Mr Lenihan said: "We're not guaranteeing Sean Quinn anything," adding that Mr Quinn may owe Anglo some money which must be repaid

lbo
16/1/2009
12:31
Note Lenihans lack of compassion for wee Quinner today...
hermana
16/1/2009
11:59
googin, i fully understand your thinking, i too am a gambler and do things like that. The extent of corruption at anglo has even shocked me and i`ve no doubt the really bad stuff has yet to come out.
father o toole
16/1/2009
11:50
By Vladimir Guevarra
Of DOW JONES NEWSWIRES

LONDON -(Dow Jones)- Irish bank shares fell Friday, sharply underperforming the European sector as the cost of insuring against bond default rose following the nationalization of scandal-hit Anglo Irish Bank Corp. (ANGL.DB).

Irish bank Credit Default Swap spreads were quoted tighter across the board, with Anglo Irish bank five-year senior CDS around 250 basis points tighter, with subordinated CDS a huge 450 basis points tighter.

Five year senior CDS written on Bank of Ireland and Irish Life & Permanent were around 20 basis points tighter, while Allied Irish tightened around 35 basis points.

The cost of insuring sovereign bonds issued by Ireland against default also rose significantly.

At 1033 GMT, Allied Irish Banks PLC (AIB) shares were down EUR0.25 or 13% at EUR1.69, Bank of Ireland PLC (IRE) down EUR0.04, or 4% at EUR0.86, while Irish Life & Permanent PLC (APM.DB) was EUR0.05 lower, or 2.2% at EUR2.20.

The Stoxx Europe 600 banks index was up 2.7%, buoyed by news that the U.S. plans to provide Bank of America Corp (BAC) with an additional $20 billion.

Anglo Irish requested that its shares were suspended Friday on the Irish and London stock exchanges. The Irish government said late Thursday it will take control of Anglo Irish to secure its continued viability after taking hits from an accounting scandal and the broader financial crisis.

Early Friday, Irish sovereign credit default swaps were quoted at 240/290 basis points by one trader. Another trader said he had seen the contract bid at 230 basis points but that there had been no offers to sell protection during the morning.

The spread widening was in reaction to concerns that, by nationalizing Anglo Irish Bank, the Irish government has increased the amount of risk on its balance sheet.

"The nationalization of Anglo-Irish is yet another intervention too many," said Societe Generale fixed income analyst Ciaran O'Hagan, adding that governments need to be more selective in who they rescue.

imabastard
16/1/2009
11:46
This is one I dident get out of in time - all in the life of a gambler because buying angl was a gamble.
wimpy is a gamble - 4p to 30p
Jessops 1p - 4p
Eidos 8p - 16p ( one day )
Cattles - sub 10p to 30p and that is just to name a few

These are all gambles, some will survive - some wont - no one knows for certain which will or wont. Now what will happen to angl - we all knew it was a basket case, I took a view that there was something to salvage and i still believe that share price would have reached my target price until FG stepped in and said 'no way were they supporting a bail out' that was the real nail in the coffin because the government if this had failed to pass would have been forced to concede it had lost control and gone to the country. The saved there jobs over anglo - my mistake for not spotting this- despite what mcWilliams says - and I agree with him allot - this was the real reason for the plug being pulled.
Now because of this, there may be possibly some up side here, why?
If this doesn't work, they are finished, hence, they will try every trick in the book to get it working and they may just have a 3 month window in which to do it.

goggin
16/1/2009
11:42
reports from agm of director loans of around 200m, S Fitzpatrick 84m the others were pretty heavily in also.
father o toole
Chat Pages: 200  199  198  197  196  195  194  193  192  191  190  189  Older

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