Allied Irish Banks Share Discussion Threads

[lbo] 07/3/2010 20:42

WITH less than two weeks to the start of the Cheltenham Festival, Victor Chandler, one of the world's biggest bookmakers, has warned that there are no "high rollers" left in Ireland.

"There's just no money in Ireland. It's destroyed.

[lbo] 07/3/2010 20:24

AIB has the 'worst loan book' ever seen in Europe

[lbo] 07/3/2010 20:11

Thin trading behind 40% hike in AIB share price

[lady gaga] 06/3/2010 15:42

Thanks anyway crosswire

[crosswire] 06/3/2010 11:19

Big

No idea, but I'm hoping for a further 10% rise here Monday to 159.00

[big bigstuff] 06/3/2010 10:37

Are the two late rns released friday good news forgive me as ive never bought bank shares.

[crosswire] 06/3/2010 10:29

AIB shares up on news state aid is last resort


By Thomas Molloy


Friday March 05 2010

SHARES in Allied Irish Banks soared yesterday as investors digested the company's reassurances earlier this week that it is looking at options to replenish its capital, with more state help a last resort.

Shares in the bank closed up 19.8pc at €1.25 in Dublin last night, outperforming every other stock on the ISEQ and marking the bank's biggest one-day gain since September. Shares in rival Bank of Ireland jumped 9.6pc to €1.09.

"It must be a positive reception to the plans they are outlining to recapitalise the bank," said Sebastian Orsi, an analyst at Merrion Capital Group in Dublin.

"The share price is volatile and it wouldn't take much to move it in these markets."

The bank said on Tuesday that it would try to sell assets or a stake in the group before approaching shareholders or the Government for further capital, aiming to ease concerns it might need a further cash injection. "We understand from our shareholders that they want us to release capital from our business before we go back to them," managing director Colm Doherty told analysts after the bank posted its first ever full-year net loss.

Finance Minister Brian Lenihan reiterated last Friday at the Institute of Taxation that he is opposed to 100pc state ownership of the bank which would entail removing the bank from the stock exchange.

Mr Doherty told analysts that several other banks are interested in buying a stake in AIB.

- Thomas Molloy

Irish Independent

[crosswire] 06/3/2010 10:28

Allied Irish Rises on Optimisim Sales Will Fill Capital Deficit

March 05, 2010, 4:22 AM EST

By Dara Doyle

March 5 (Bloomberg) -- Allied Irish Banks Plc rose for a second day on optimism that the lender will be able to raise enough money by selling assets to fill a capital deficit without a sale of shares.

"It appears very likely that the bank could sell Poland as part of its recapitalization plan and that progress in exiting the M&T stake is ongoing with with a number of strategic partners," Dublin-based Bloxham Stockbrokers wrote in a note to clients today. "The sale of the U.S. and Polish stakes would provide 2 billion euros in capital."

Allied Irish Banks rose as much as 16.5 cents, or 13 percent, to 1.41 euros in Dublin, and traded at 1.39 euros at 8:58 a.m. local time. Bank of Ireland Plc rose 11.6 cents, or 11

percent, to 1.21 euros

[crosswire] 06/3/2010 10:25

Allied Irish Banks, plc. (ADR) (NYSE:AIB) surged 12.92% to $3.86. The stock has a 52-week range of $0.72-$10.42. So far in this year the stock went up over 10%.

[pharmacist08] 05/3/2010 19:26

by the way you can short the Irish banks jsut not through the ISE.

I know this for a fact cause I have to listen to someone moaning all day about manipulation cause he lost a ton this week as he would nto follow advice and cover his short when AIb held the double bottom.

[crosswire] 05/3/2010 11:10

Today in the press

Friday, 5 March 2010 09:02


AIB SHARES UP 20% ON BACK OF PLAN TO SELL ITS OVERSEAS ASSETS -

The state's largest bank, Allied Irish Banks, climbed 20% on the stock market, its biggest gain since September, after investors reacted favourably to its plan to sell businesses which would generate cash to help absorb mounting losses.

The Irish Times says that the bank has been presenting its capital-raising plan to investors in London over the past two days after saying this week that it could raise up to €4 billion by its own means and avoid a further Government bailout.

The bank's shares climbed 20 cent to €1.25 as global institutional investors warmed to the bank's plan which involves selling some of the bank's most valuable assets. The rising share price also lifted Bank of Ireland which increased 9.1%, or 9 cent, to €1.09.

AIB will be left with a capital hole of more than €4 billion after selling €23 billion in development loans at a discounted price to the National Asset Management Agency (Nama).

The bank said that it could raise capital by selling key businesses, which include its UK banking business, Polish lender Bank Zachodni WBK, and its interest in US bank M&T, before having to turn to shareholders for cash.

Analysts estimate that AIB could net about €2.5 billion from the sale of its Polish and US businesses

[crosswire] 05/3/2010 09:04

NYSE:AIB

Pre market $4.00 up 16.96% USA............

$ 5.00 beckons

[crosswire] 05/3/2010 08:32

Allied Irish puts in strong performance
By Anjli Raval

Published: March 5 2010 02:00 | Last updated: March 5 2010 02:00

Allied Irish Banks helped European shares close higher for a fifth consecutive session after its shares surged the most in four months in Dublin trading.

Allied Irish rallied as much as 22 per cent in afternoon trading. Analysts said this reflected the bank's continuing management roadshow which had calmed fears after its first full-year net loss reported on Tuesday.

Traders said Colm Doherty, the chief executive, had indicated that the Irish lender was planning to raise capital by selling assets or finding a strategic investor before turning to shareholders or the government.

[crosswire] 05/3/2010 08:31

The Irish Times

- Friday, March 5, 2010

AIB shares up 20% on back of plan to sell its overseas assets

SIMON CARSWELL and UNA McCAFFREY

THE STATE'S largest bank, Allied Irish Banks (AIB), climbed 20 per cent on the stock market, its biggest gain since September, after investors reacted favourably to its plan to sell businesses which would generate cash to help absorb mounting losses.

The bank has been presenting its capital-raising plan to investors in London over the past two days after saying this week that it could raise up to €4 billion by its own means and avoid a further Government bailout.

The bank's shares climbed 20 cent to €1.25 as global institutional investors warmed to the bank's plan which involves selling some of the bank's most valuable assets.

The rising share price also lifted Bank of Ireland which increased 9.1 per cent, or 9 cent, to €1.09.

AIB will be left with a capital hole of more than €4 billion after selling €23 billion in development loans at a discounted price to the National Asset Management Agency (Nama).

The bank said that it could raise capital by selling key businesses, which include its UK banking business, Polish lender Bank Zachodni WBK, and its interest in US bank MT, before having to turn to shareholders for cash.

Analysts estimate that AIB could net about €2.5 billion from the sale of its Polish and US businesses.

Colm Doherty, managing director of AIB, said this week that it has had discussions with a number of investors who were interested in taking a "strategic" stake in the bank. He said that there were an "inordinate" number of parties interested in AIB's Polish business, which he described as "the jewel in the crown".

The bank reported losses of €2.6 billion for 2009 earlier this week – the first annual loss in its history.

AIB has said that it plans to raise capital through "self-help" options before turning to investors or even the Government for cash.

The positive reaction from the international investment community improves the bank's prospects of tapping these investors for cash through the issuing of new shares after the sale of its businesses.

"They are getting a positive reaction to the 'self-help' programme, even if it means selling prized assets," said banking analyst Sebastian Orsi at Dublin stockbroking firm Merrion Capital.

The share price values AIB at just over €1 billion. Further gains on the market will improve the bank's chances of raising sufficient capital from a "rights issue" cash call of shareholders. Investors were said to be particularly encouraged by the potential sale of AIB's UK business in private presentations given by Mr Doherty over the past two days.

The sale of the business, which has a well-established commercial banking operation, could generate €650 million in a capital gain for AIB, according to analysts at French bank Société Générale.

AIB's plan to swap debt with bondholders for an estimated gain of up to €350 million will be made within days, sources said.

Meanwhile, Anglo Irish Bank director Alan Dukes said the bank may become part of "a third force" banking group to rival AIB and Bank of Ireland formed out of the smaller financial institutions

[lbo] 04/3/2010 21:53

House prices in Europe remain above long-term average; Further price declines likely in Spain, Ireland

[lochgarman] 04/3/2010 19:42

interesting..an on over 2 times the average volume.

big institution buying?....must be.

[keelingr] 04/3/2010 15:12

can't short the irish banks...

[smurfy2001] 04/3/2010 15:01

Short cover???

[willjam] 04/3/2010 14:58

???? whats going on
up 25% on volume

[lbo] 03/3/2010 08:24

Under-pressure bank must cash in its jewels



The existing share price of €1.02 "reflects impending nationalisation", not the underlying value of the bank.




AIB losing €11.5m every day in Ireland

[lbo] 02/3/2010 21:12

AIB Needs More Than Blarney, Much More

[hermana] 02/3/2010 20:33

The detail is a tad depressing!!