|Bank Of Ireland
||ORD STK EUR0.05
||EPS - Basic
||Market Cap (m)
Bank Of Ireland Share Discussion Threads
Showing 14801 to 14821 of 14825 messages
|Don't forget you get to snaffle more of them as sterling rises.|
my retirement fund
|Added some here|
my retirement fund
|Down this head and shoulders has Dandruff|
|Inverse head and shoulders, this is on the point of Breakout.|
|Finally moving in the right direction.|
|SP on the move now. Automatic 100k buys going through ever hour or so now with the last few days.
Looks like we could have 2 major hedge funds adding here. Free float is getting thin too, currently just over 5 million shares free float, that could disappear in a few hours, or at most a few trading days. so unless there's someone willing to supply the market with more shares in the next few days this is going tho hit a few periods of auction|
|A couple of more big buys gone through this morning. Looks like there's another big order on the books now|
|Wow...look at the big buy from Baillie Gifford|
|How much higher is this going to bounce now, this could hit 30c on the next upward wave of buying|
|https://www.davy.ie/research/public/morningEquityBriefing.htmThe establishment of Bank of Ireland Group plc (BOIG plc) is the next stage towards meeting its requirements under its regulatory prescribed resolution strategy and MREL. As expected, the establishment of BOIG plc will impact BOI's non-CET 1 capital ratios; however, no details have been provided at this point on any capital management actions that may counteract this.|
|Not liking the current trend, is it all Brexit?|
|Yes he has signaled so, but it will not be this year or next by the look of things. He`s got a load of shares he`d like to see a Divi for first!
He done a good job, plus he wasn't afraid to dip his hands into his pockets and buy a few shares himself. I stacked up on more when i saw him buying, and if he goes to the pot for more I`ll do the same!|
|So Boucher is retiring, is his job now done ? Will the final act be payment of a fat div as he hangs up his boots ? Not sure if this is a good thing or a bad thing but it seems like there is no pressure on him and the issues are pretty much solved ...|
|OK thanks that's a good guideline. However, is it for certain that BOI didn't write back in 2015 as I believe I read somewhere that they did write back approx 200m in 2015.|
|Aib wrote back 298m in 2016 and 923m in 2015 so it has been chunky, I dont know if they were more aggressive writing stuff down in the first place but these writebacks are the main difference in the profitability in the two banks, especially for 2015, aib may be having its results dressed up a little for the sale of the 99pct still in the govs hands but I am hoping boi are just being conservative and have a better safety margin.|
|Can anyone throw any light or articles to show what these writedowns amounted to ?|
|Thanks very clear now regards joshua|
|Write backs are the opposite of write downs or write off. Basically during the downturn the value of the assets the Banks had loaned against were written down on the books because, well hay they were way over valued. Now that property prices have increased significantly, and in the case of Ireland which hasn't been building new houses with nearly 9 years now there is a housing shortage thus the value of the properties are on the up. Hence why AIB have been doing write backs.
BoI haven't done any write backs yet, so to say they have this as an Ace up their sleeve is a massive understatement. Its more like a royal flush up their sleeve!!
As for the share price at where it is, is mainly due to 4 factors
1: Brexit - caused uncertainty but still way over done.
2: Fairfax Financial (Canadian billionaire Prem Watsa) selling down their stake from 3% - they bought in when the bank was on its knees so now they are moving on to other distressed things.
3: Lack of dividends, large pension funds like the divis so until they start paying them again regularly then they are slow to come on board.
4: All banks across the regional banking sector are given a low value, this sector has the best return/value there. Compare the valuations to the likes of the Pharma sector then the banking sector wins hands down|