Bank Of Cyprus Holdings ... Share Discussion Threads

[darky1974] 10/5/2018 15:24

BOCH ordinary shares might worth 0 now (negative equity).---100% correct!!

Short term trading-wise it could be a good buy but I wouldn't touch it before re-capitalisation.---

Also agree..it might give ENORMOUS short term profit from here to 1.90-2...but still..it wiil be done in order to get people inside the stock..and then,,...to increase trading volumes, so those who want to get out of the stock to do it with no problem.

[panagos] 10/5/2018 14:57

RSI @ 10 looks super oversold ....... another 30 min trading in London, closing price might give guidance..

Short term trading-wise it could be a good buy but I wouldn't touch it before re-capitalisation.

BOCH ordinary shares might worth 0 now (negative equity).

[darky1974] 10/5/2018 14:40

from 1.41 to 1508 now. Huge rebound but it has firstly to gain 1.65 then 1.88..if not..1.25 is ahead.

[darky1974] 10/5/2018 14:34

Turkey wants to be solved in such a way that controls over the entire island. Because its out of turkeys control that..from the time huge companies are in the game...on July...expect to sea the DEEPSEA METRO II off the cypriot coasts, or west of Akamas, or Pafos drilling. IF thats the case,..and probably its last chance of Turkey to come back in the game...then Greece should respond militarily...and greek naval and aerial forces due to 12 yrs of self dissarmament are lacking any chances to survive east of Rhodes and Kastelorrizo.

[panagos] 10/5/2018 14:13

no just popped up my bloomy terminal: checked politis newspaper but couldn't find anything..... if it's true it should be confirmed or denied by BOC.

BTW FINCEN officials where in Cyprus recently probably this is the reason (Sanctioned Russian connections).

[darky1974] 10/5/2018 14:03

@panagos any link on that?

"Ackerman just resigned from the BoD of boc"

[darky1974] 10/5/2018 13:59

This bank...is just before re-capitalization.
The provisions it has to make over the NPLS will vanish remaining capital.
Vast majority of current shareholders are ex-depositors, russian oligarchs, who had their money in BOCH and after 2013 bail in became inevitably from depositors shaerholders. The Bank will be free again to go up when current investors-shareholders will be wiped out...ONCE again...and a new generation will come in. The current political and financial elit of Cyprus wants to re-take the Bank from the Russians and the same applies to British and americans. The gas reserves investments and huge amounts of money from that industry in the very next cming years will use BOCH and thus they want the bank "clean"..

[panagos] 10/5/2018 12:06

1.41c

Ackerman just resigned from the BoD of boc to ring-fence the bank from Veksengerg as per politis newspaper reports without citing anyone.

[panagos] 09/5/2018 13:17

1.62c.

1.50 by Friday?

Revised my POTENTIAL target entry price to below 1 EUR.

BOC needs to make huge NPL sale transactions out of its EUR 25bn NPE stockpile.

Huge hit in balance sheet looming over the EUR 500m provided for a few months back.

[catsick] 09/5/2018 07:27

Yessss this is my worst performing share in all the stocks I have ( over 100 ) for 2 years running !! I am doubling down between here and 150 , hopefully it does not make 3 years running .

[waywardlad] 26/4/2018 15:36

Slowly getting there panagos

[waywardlad] 13/4/2018 14:08

Will keep a close eye on this then

[panagos] 13/4/2018 14:00

Boc' s largest shareholder has been sanctioned...victor veksenberg.Today fitch announced that greek and cypriot banks may need to lrovife for more provisions related to npl's.At 1.50 it could be a good time considerimg buyimg a few here.

[panagos] 13/4/2018 12:25

1.50 coming soon

[panagos] 27/3/2018 17:53

Ta wwl

I happen to have attended a conference given by the CEOs of the 3 biggest banks in Cyprus...just finished in fact.

I will be honest , they were trying to paint a rosy picture of the situation but thing is they didnt believe it either.

Josef Ackermann who happens to be the chairman of BOC waa sitting in the first row and I guess he was not too impressed by the NPL deadlock.

[waywardlad] 27/3/2018 15:37

You called this well, panagos

[panagos] 22/3/2018 10:12

next stop EUR 1.50.

NPL situation is dire

IFRS9 is going to keep feeding from BOCH's capital.

Recapitalisation is inevitable sooner or later.

[panagos] 16/3/2018 15:18

bonio10000

FU SOB!

Filtered.

[panagos] 16/3/2018 14:41

Oops they did it again?

[panagos] 16/3/2018 09:50

I smell a recapitalisation... thing is at what price?

[panagos] 16/3/2018 09:49

Or by end of day...