Anglo Irish Bank Share Discussion Threads

[lbo] 03/4/2010 19:27

No witch-hunt, just the regulator doing his job

[lbo] 03/4/2010 19:17

How the jewel in the Quinn Group crown lost its shine

Quinn Insurance and Anglo Irish Bank built up a secret relationship that had become unhealthy for both,






State-owned Irish lender Anglo Irish Bank is planning to take over Quinn Insurance in a bid to secure creditors, the Irish Times reported today.

[lbo] 30/3/2010 11:16

Court appoints administrators to Quinn Insurance

[ned] 29/3/2010 17:45

I'm sure I saw a news release on friday that the Anglo Irish Financial Officer had been arrested too.


yes

Second Anglo-Irish Bank executive arrested for role in defrauding Irish economy

[lbo] 29/3/2010 11:01

How is State to unlock perilous embrace of the Quinn Group?

[lbo] 27/3/2010 21:41

Anglo explores ways to reduce its exposure to Quinn Group

[lbo] 24/3/2010 22:06

Do the bankers still not get it? Just when you would have thought that Ireland's bankrupt banks couldn't stick their size eleven feet even further into it, we learn that Anglo Irish, that taxpayer-sustained basket case masquerading as a bank, had paid "modest" pay increases to 70 of its staff.

News of the increases comes just days before Anglo reports its results for the 15 months to the end of December 2009. These are expected to reveal that Anglo has written off a further €14bn of bad loans and total losses of €12bn

[lbo] 18/3/2010 12:02

Former Anglo Irish boss FitzPatrick arrested

[lbo] 15/3/2010 11:29

Sean FitzPatrick, the former chairman and chief executive of Anglo Irish Bank, lost €16m on shares he held in rival banks and will disclose this week that he cannot repay an estimated €50m that he owes to a number of other financial institutions.

A statement of affairs by FitzPatrick for Anglo Irish reveals he lost €10m on an investment in Bank of Ireland and €6m in AIB. His biggest loss was in Anglo Irish, in which he held 5m shares. These were worth €80m at their peak but are now worthless as the bank was nationalised last year.

[simage] 26/2/2010 15:32

mercello

Don't be wasting your time here.
Go over to AFD and give it a bit of a boost.
Its one of the few shares that share price continually goes down on good news.
S

[marcello lippi] 26/2/2010 15:03

Over a year since Anglo was nationalised and still no Assessor of compensation appointed yet. Total disregard by Irish Government for PIs - still only to be expected.

Real own goal by Fianna Fail(sic) but now so many everyone has lost count!!!!!

[lbo] 19/2/2010 15:59

THE Quinn Group's interests in the Ukraine have reported a loss of $18m (€13.2m) according to local filings. The company now operates a large business centre in the Ukrainian capital of Kiev.

[lbo] 18/2/2010 10:19

Quinn Finance Holding - very active for a dormant company




THE QUINN family displayed a somewhat relaxed attitude to the fact that Quinn Finance Holding, a company that stands at the top of a family asset portfolio that stretches from Anglo Irish Bank to Sweden and Russia, has been listed for strike-off.

The chief executive of the VHI, Jimmy Tolan, has called on Seán Quinn to clarify exactly how much has been lost by the family and the Quinn Group through the family's disastrous investment in Anglo shares.

Quinn himself has spoken of losses of "more than one billion" while a spokesman has describe as "speculative" a report that the loss was in the region of €2.5 billion.

Quinn Group, Quinn's main trading company which owns Quinn Healthcare, wrote off €888 million over two years and said the investment would have no further impact on the business.

The family group of companies is owned by Quinn Finance Holding, an unlimited company which does not file accounts. Its subsidiary, Quinn Finance, is in a similar position.

The former has failed to file its auditor's report for 2008 in the time required, and this is why it has been listed for strike-off. The family spokesman described it as a "dormant holding company" and said the document would be filed by the end of the month.

Dormant is not the word that comes to most people's minds when considering companies that were engaged in borrowing hundreds of millions of euro, from the now nationalised Anglo Irish Bank, so as to buy shares in that bank. Presumably the ongoing inquiry by the Financial Regulator into the matter is not dormant either

[lbo] 17/2/2010 10:53

Gannon's UK properties plunge by 40pc

[lbo] 17/2/2010 09:10

QUINN family company centrally involved in the taking of loans from Anglo Irish Bank in 2008 to buy a 15 per cent stake in the now nationalised bank has been listed for strike-off.

The unlimited company, Quinn Finance Holding, can be struck off at the discretion of the Companies Registration Office (CRO), or otherwise within one month.

If struck off, the company would be dissolved five days thereafter. Its assets would then become the property of Minister for Finance Brian Lenihan, according to a spokesman for the CRO.

The company has been listed for strike-off because of its failure to file an auditor's report and annual return for 2008 within the time required. Unlimited companies do not have to file annual accounts and their shareholders do not benefit from limited liability, but they do have to file an annual return and auditor's report.

[lbo] 08/2/2010 20:46

Shelbourne owners may never see return on €230 million investment

[lbo] 06/2/2010 18:39

Significant slide in Anglo deposit

[lbo] 03/2/2010 11:09

Manchester United bond issue falls flat



Manchester United may be in contention for another Premier League title, but its success on the pitch has worked little magic in the City. The club's first bond issue, launched barely two weeks ago, has become one of the market's worst performers this year.

While the club has secured the £500m ($798m) funding that it needs to refinance its bank debt, the paper losses suffered by investors could affect its ability to return to bond markets.

The bid price of United's £250m of sterling-denominated bonds has dipped to 93% of face value



Quinn group starts talks on its €780m bank and bond debt

[lbo] 31/1/2010 20:42

Why Quinn was fined

[lbo] 29/1/2010 20:53

Cavan billionaire Sean Quinn's financial heartache is showing little sign of easing following revelations his luxury four star Slieve Russell hotel incurred a loss of €4.5 million for 2008.

[lbo] 21/1/2010 09:52

A €200 MILLION payout shared by five children of Seán Quinn from his business group during 2008 was used to offset losses on the family's investment in Anglo Irish Bank, according to a spokesman for the family.

[lbo] 19/1/2010 21:38

Land values down 90pc from peak