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IPM Irish Life&P.Gp

0.0285
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Irish Life&P.Gp LSE:IPM London Ordinary Share IE00B59NXW72 ORD EUR0.32
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.0285 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.0285 EUR

Irish Life&P.Gp (IPM) Latest News

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Irish Life&P.Gp (IPM) Top Chat Posts

Top Posts
Posted at 23/7/2016 16:49 by shareho1der
The opinion of the advocate general of the CJEU was out on 22 June. AG Wahl raised some matter of interest regarding our case. In his opinion, Mr Wahl said it is legal for the Irish Government to intervened in recapitalising PTSB in 2011 without the permission of the shareholders. BUT the manner the Irish Finance Minister, Mr Noonan went about it that need to be thoroughly investigated. The opinion of the advocate generals are often accepted and reflected in CJEU rulings. If you bought shares in IPM before 27 July 2011, you could be entitled to generous compensation depending on the number of shares you bought. GLA !!!
Posted at 25/5/2015 21:51 by the stigologist
Loverat
19 Jun'11 - 10:28 0 1

I think it is time to set up a dedicated thread for shareholders to express their concerns at the prospect of IPM directors destroying the investments of ordinary hard working people.

A group of shareholders are now campaigning for a fair deal. Yes - the Irish Government say that sacrifices have to be made to deal with the screw up by the last government. Fair enough - but the directors of our company should be fighting for our rights for a fair deal.

What evidence is there that they have acted in the interests of shareholders so far?

Not much. Judging by the letters Mr Cook sends to the Irish Government he may even be collaborating with the government to stitch up shareholders. Well, I have news for him - if he sells out on shareholders it will be shareholders who may very well be looking to him to reimburse their losses from his pocket.

I will be posting up various links to the action being taken.

Our solicitors:

hxxp://www.lkgsolicitors.ie/
Posted at 25/5/2015 21:51 by the stigologist
Dream Ahead
23 May'15 - 10:58 - 8 of 8 1 0

Conclusive proof that Loverat's mouth is his own worst enemy.

This is the same fool who supported the Langbar shareholders who decided to stick with the Company Scheme of Arrangement - only to find out years later that the Scheme was nothing more than the means to allow the management to get access to the money - and keep it for themselves through fees and share dilutions.

Loverat attacked the Representative Action shareholders because they wanted a fairer share of their money back. Turned out that the RA shareholders received nearly 6 times the value back than the Scheme shareholders.

This show that following Loverat's advice can cost you a great deal of money.

I've since spoken to Scheme shareholders who wished that they never listened to this poisonous idiot and had joined the RA action instead.
Posted at 23/5/2015 10:58 by dream ahead
Conclusive proof that Loverat's mouth is his own worst enemy.

This is the same fool who supported the Langbar shareholders who decided to stick with the Company Scheme of Arrangement - only to find out years later that the Scheme was nothing more than the means to allow the management to get access to the money - and keep it for themselves through fees and share dilutions.

Loverat attacked the Representative Action shareholders because they wanted a fairer share of their money back. Turned out that the RA shareholders received nearly 6 times the value back than the Scheme shareholders.

This show that following Loverat's advice can cost you a great deal of money.

I've since spoken to Scheme shareholders who wished that they never listened to this poisonous idiot and had joined the RA action instead.
Posted at 19/10/2014 21:09 by investorpesant
hxxp://www.permanenttsbgroup.ie/investor-relations/media-centre/press-releases/2014/18-09-2014.aspx
this just shows you how the bod play down the massive improvement in the quality of the loan book,why not report how arrears cases have fallen from peak and not from the start of 2014 ?????? mortgage arrears have fallen by 30% from peak.24500 hl 90 days+ to 16400 aug 2014,btl 5000 to 3300 cases.thats 10000 cases gone back to performing and these cases have still got a provision pined to them so simple maths stock provision on the roi mortgage book 3.1bn write back up of 1bn,and this doesn't take into account that the vast amount of outstanding arrears cases have been restructured + house price increases.
Posted at 15/10/2014 23:40 by the stigologist
you need to go on Loverats' IPM legal action thread

the one he started and never posted on again

pmsl
Posted at 23/9/2014 10:46 by the stigologist
so how did your cat do bringing action against IPM Directors that you failed to bring ?


Loverat
23 Sep'14 - 10:43 - 444893 of 444893 0 0

TopInfo

I think we have seen many heavily discounted placings. Companies where the business model is flawed or a history of incompetance but they still get one away at not too much of a discount.

All I can say is that in this case incompetance and poor business probably applied, plus the directors must have been completely inept - particularly only months after raising at a far higher price .

My cat could have done better.
Posted at 24/6/2014 16:58 by investorpesant
i see there going to sell there comercial loan book.i would imagine at a masive loss WHY? other banks BOI and AIB have got irish comercial loans there not told to sell these loan books off,the LTD ratio on these irish banks are falling and overshooting imo.ptsb as fell to 142% in the first quater and would be probaly below the 122% demanded by the imf by the third quater.there is no reason to sell these loans and what about the subrime mortgage book,masdings boasting about having 13% market share of all irish mortgages and competing in the market.and then next thing oh lets sell 460 million of irish residental mortgages.these rats have done everything posible to justify the nationalisation of ilp even if not robbing the balance sheet with elg fees bank levys intrest on contingency capital they will lose massive amounts of money by giving away bank loans at massive discounts to justify there actions of 2011
Posted at 06/4/2014 17:10 by wexboy
Company: Permanent TSB Group Holdings

Prior Post(s): 2012 & 2013

Ticker: IPM:ID

Price: EUR 0.112

Q1: Why on earth is Permanent TSB still a listed company? Q2: And why on earth does it still exist as a stand-alone bank?! Like Allied Irish Banks (ALBK:ID), the Irish government owns over 99% of the outstanding shares – so we have a tiny tail wagging this dog... And after everything the Irish tax-payer's endured to date, this continuing state fantasy of a third force in Irish banking is a mockery. [Maybe I should say third & fourth force - with all & sundry pretending the credit unions remain in good health. The bailout of Newbridge Credit Union (absorbed by Permanent TSB!) is simply the tip of the iceberg]. Of course, this has been desperately seized upon by Permanent TSB management, with their (Good) Bank plus Two strategy designed to create the illusion of a (core) healthy bank...which is on the verge of rising like a phoenix, from the toxic dross which has been neatly carved out into Non-Core & AMU divisions. All that's needed now is some fancy sleight of hand to try jam them down the taxpayer's throat without anybody noticing.

Meanwhile, I'm astonished to how little progress has been made in the past year. Total operating income only increased due to a decline in ELG fees, while net interest margin (exc. ELG) is a puny 0.82%. Against this, management's actually delivered an increase in (pre-impairment) operating expenses!? So it's no surprise the bank can't even make a pre-impairment profit... On top of this, we have further impairments of nearly a billion. The balance sheet's no better – Core Tier 1 capital looks healthy enough at 13.1%, but equity/total assets is just 6.3% & the loan-to-deposit ratio's a ludicrous 150%.

Equity now stands at EUR 2.4 billion, but we need to cross-check the current impairment provision (of 4.0 B). As before, I'll apply a 60% haircut to the bank's 7.9 B of impaired loans & a 30% haircut to 1.6 B of past due but not impaired loans – an equity adjustment's obviously required. Bearing in mind the poor equity/total assets & loan-to-deposit ratios, continuing (pre-impairment) operating losses, and the further increase in impaired/past due (gross) loan balances, I'm not prepared to place more than a 0.5 P/B multiple on the bank:

(EUR 2.4 B Equity – (7.9 B Impaired * 60% + 1.6 B Past Due * 30% – 4.0 B Actual Provision)) * 0.50 P/B / 36.5 B Shares = EUR 0.016

Permanent TSB shares require a bloody health warning – they're massively over-valued, and almost as toxic as their loan portfolio! Haven't taxpayers lost enough already? They should steer clear...

Price Target: EUR 0.016

Upside/(Downside): (85)%

_
Posted at 06/3/2014 18:02 by stockonomist
The Irish Life and Permanent Thread - IPM
Loverat - 09 Jun 2011 - 18:59:32 - 2128 of 3802
I know its been said before thousands of times on this site, but I did not expect a fall like this in one day. Yes a gradual drift perhaps. What is the market cap now - 17M?

Well, I think the share price is close to 'worst case scenario'. So serious upside or a court case. I wish I had been around this afternoon to buy some more shares.

Anyway - before anyone chucks in the towel (at 6c) on the basis that Cook and Co are a bunch of useless losers I would consider the possibility of a class action (if shareholders do not recoup their investment). Not a class action sponsored by a bunch of overpaid lawyers but something not ever tried before.
Irish Life&P.Gp share price data is direct from the London Stock Exchange

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