Share Name Share Symbol Market Type Share ISIN Share Description
Bank of Ireland LSE:BIRG London Ordinary Share IE00BD1RP616 ORD EUR1.00
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.045 € -0.71% 6.315 € 6.345 € 6.365 € 6.39 € 6.33 € 6.355 € 614,669 16:35:11
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Banks - - - - 6,812.77

Bank of Ireland Share Discussion Threads

Showing 51 to 68 of 75 messages
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Looks like FMR LLC have been selling, rns showing they have reduced their holding from 3.85% to 2.97%
Is the tracker scandel over done. This is a screaming buy at €6.30, am I missing something here?
I transferred a little into RMG. Over 6% div yield and good upside potential. :)
Maybe best to sell up and transfer the money into another stock with a bit more promise - any suggestions - VRS. RED, ITM. CTO...?
An extra €150M + out of the coffers! I wonder where this will bottom out now.
Been holding them for a long time, I suppose no harm in hanging in there a bit longer...
Got this from cantor Fitzgerald But please DYOR Bank of Ireland: Q3/17 results should settle investor nerves The ongoing tracker mortgage scandal has been a material headwind to all Irish banks’ share prices in recent weeks. However, several statements from the banks’ CEOs calmed investors nerves, while a positive Q3/17 trading update from Bank of Ireland helped boost investor sentiment. Bank of Ireland reported a Net Interest Margin (NIM) of 2.34% for the first 9 months of 2017 compared to 2.32% in first half of 2017. Asset quality continues to improve with Non-Performing Exposures (NPE) falling by a further €400m to €7.7bn at September 2017 (€8.1bn at June 2017), which represents roughly 9.5% of gross loans (10% at June 2017). We anticipate that Bank of Ireland will reinstate its dividend early next year when it publishes its FY17 results which will be a historic milestone for the bank. We maintain our 12 month target price at €8.16, and maintain our Outperform rating on the bank.
Should become a decent income stock once the brexit cretins have finished shagging over the UK and crawled back into the woodwork
my retirement fund
08:07 Once this tracker Mortgage scandal passes this is going to become very profitable soon
Bank of Ireland Group plc (the ''Group'') Interim Management Statement - Q3 2017 update 26 October 2017 Trading The Group continues to trade in line with expectations. Economic growth in our core markets of Ireland and the UK remained positive notwithstanding ongoing uncertainties related to the UK's decision to leave the European Union. Net interest income was in line with the first half of 2017. Our net interest margin for the 9 months to September 2017 was 2.34%, reflecting our evolving asset mix and reductions in the cost of funding, partially offset by the ongoing impact of the low interest rate environment and excess liquidity on the quantum of liquid assets. Our recent Tier 2 capital issuance of €0.75 billion will reduce our net interest margin from Q4 2017 onwards by c.3bps. Business income has remained in line with the first half of 2017. The Group has continued to maintain tight control over our cost base, while making appropriate investments in our businesses, infrastructure and people including our multi-year business transformation investment programme which continues to make progress. Balance Sheet Customer loan volumes were €77 billion at the end of September 2017. New lending of €10 billion for the 9 months to September 2017 was c.3% higher than the same period in 2016 on a constant currency basis and included a c.38% increase in ROI mortgage volumes. Our market share of ROI new mortgage lending for the first 8 months of 2017 was 26%, a 1% increase from 2016. Customer deposits were €75 billion and wholesale funding was €13 billion at the end of September 2017. Asset quality across our loan portfolios has continued to improve. Non-performing exposures have reduced by €0.4 billion since the end of June 2017 to €7.7 billion at the end of September 2017. Impaired loans have also reduced by €0.4 billion during the same period to €5.0 billion. Capital Position The Group's fully loaded CET 1 ratio increased by 30bps from 12.5% at the end of June 2017 to 12.8% at the end of September 2017. The Group's organic capital generation during the quarter was partially offset by the impacts of the investment in our business transformation programme and a modest increase in the IAS 19 accounting standard defined benefit pension deficit; consistent with H1 2017, the Group has made a deduction for a potential dividend in 2018 in respect of the 3 month period to end September 2017. At the end of September 2017, the Group's transitional CET 1 ratio was 14.7%, and the Group's Total Capital ratio was 18.9% which reflects the benefit from the Group's recent Tier 2 capital issuance. Tracker Mortgage Examination Review The Group continues to progress the work associated with the Tracker Mortgage Examination being undertaken by the Central Bank of Ireland. · In 2010, prior to the current Examination and under the direction of the Central Bank of Ireland, the Group undertook a desk based review of tracker rate mortgage switches. This resulted in the remediation of c.2,100 accounts and a further c.3,000 customers were offered the option of returning to a tracker rate at the end of a fixed term. · Under the current Examination, the Group has identified c.600 accounts where a right to, or the option of, a tracker rate was not appropriately provided to the customer in accordance with their loan documentation. The Group has also identified a small rate differential (average 0.15%) on c.3,700 tracker mortgages which was not the appropriate rate specified in the loan documentation. · All c.4,300 impacted customers were returned to their correct tracker rates between March 2016 and August 2017. · The Group has committed to communicating the compensation process to these impacted customers from 10 November 2017. The Group will continue to review whether other customers should be included in the compensation process and will ensure that any such impacted customers will be treated fairly. To the extent that an additional provision associated with this review is required, the Group anticipates this to be manageable in the context of the Group's capital position outlined above. A further update will be issued in mid-November. Ends
Seems like a good interim statement. Tracker mortgage issue well under control here. I'll stay invested. Some good opportunities at this level despite background of brexit.
Tracker Mortgage scandal. Could be looking at a 250 million hit. Would not surprise me now if the divi got put off again till 2019.
What is going on here??
Unfortunately, My Retirement Fund, most of those that voted Brexit wont be suffering. They've already had free education, free healthcare, jobs for life, ever-climbing housing equity, endowments, ISAs and fat company pensions with a nice triple-lock on the side. They don't need their rights as EU citizens anymore. Those that will be 'screwed down' are mostly too young to vote.
I agree It's now at 22cent level pre consolidation
Over reaction to the tracker mortgage scandal a factor too. Should draw a line in the sand on this in the next few weeks with Central Bank & the Government stepping up the pressure. Good time to buy in the next few days as speculation grows as to the exposure.
Sell and move on
What direction is this bank going, with talk of selling the UK assets is this a good thing I wonder? And what of the new incoming chief executive Francesca McDonagh, is she going to make BOI great again or is she just happy to be there?
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