Bank Of Ireland Share Discussion Threads

[cruiser70] 01/11/2013 23:31

Well this is what I was watching for :)) hxxp://www.independent.ie/business/irish/boost-as-bofi-on-clear-path-to-share-sale-29717316.html

You'll not see 10 cent again except when there's a 1 in front of it

ps a wee taster of that link :

"This regulatory clarification allows the bank to move forward and place the Government-preference shares with debt investors," said Ciaran Callaghan, an analyst with Merrion Capital in Dublin.

"It also avoids the scenario of existing shareholders being diluted and potentially allows the State to monetise its residual Bank of Ireland investment over coming weeks," he added.

[johnbuy] 01/11/2013 22:28

My target here is 10c. Will sell again at 20c.

I will repeat this cycle until I'm a millionaire.
Too many people in Ireland these days, who can't pay their mortgages.

[cricklewood] 01/11/2013 22:24

BANK of Ireland said a levy introduced as part of Budget 2014 will cost the bank €40m a year. But the bank said it is able, and willing, to lend.

The new tax on banks aims to raise €150m a year in 20144, 2015 and 2016, and is being levied on all the main banks based on the size of their deposits.

Bank of Ireland's estimate for the cost of the levy means it expects to be hit with more than a quarter of the total charged. It is contained in an interim management statement (IMS) issued today.

Bank of Ireland's share price has increased at the fastest pace of any lender in Europe this year. In its IMS it said it is rebuilding profitability. The bank said its net interest margin, the difference between what it pays savers for deposits and charges borrowers for loans, is now in excess of 1.9pc.

It is good news for the bank, but a sign that both savers and borrowers face a tougher environment.

The recovery in margins does mean new lending is a more attractive prospect for the bank, now.

"We are actively seeking new lending opportunities of the appropriate credit quality and at appropriate levels of return," the statement said.

[johnbuy] 01/11/2013 19:26

I trade GKP & BKIR for big bucks crinckle.

This ones over heated now imo.
Ripe for a fall imo.

[johnbuy] 01/11/2013 19:19

I hope to see 10c by the new year here.

[cricklewood] 01/11/2013 19:18

wajai1986 1 Nov'13 - 15:50 - 13672 of 13673 0 0


bought some @ 27c this morning....
Any news for the price drop today?


You made a good choice, there was some profit taking today after recent good run, I expect to see 30c by xmas imho.

[johnbuy] 01/11/2013 19:02

Down, down, deeper and down.

10c is my buy-in point.

[wajai1986] 01/11/2013 15:50

bought some @ 27c this morning....
Any news for the price drop today?

[kemorkid] 01/11/2013 13:45

Stick to the thread please smy

[smythy4] 01/11/2013 13:00

bkir looking challenged...maybe later! Big news coming on FML? Ex CEO predicts 8 fold (yes 8 fold!) increase in market cap by end of 2014. Sp has been battered...news due soon.

Be quick!

[cricklewood] 01/11/2013 12:20

All the banks have taken a hit today for some reason.

[hunter321] 01/11/2013 11:07

Surprised this dropped today, would have thought Danske packing their bags would be good thing.

[cruiser70] 31/10/2013 20:51

Less is more.

[cricklewood] 31/10/2013 19:02

Danske Bank Ireland, formerly National Irish Banks, is to withdraw from the personal banking market in Ireland, resulting in the loss of 150 jobs.



The bank said the sale of personal and business banking products to new customers will be discontinued with immediate effect.

Day-to-day personal customer products and services will be withdrawn on a phased basis during the first six months of 2014.

The bank is to refocus its business in Ireland towards its corporate and institutional clients.

A statement from the bank said the decision was made against the backdrop of a difficult economic and trading environment "where the bank has been unable to re-establish a sustainable retail banking business model. "

It announced a loss before tax of €31.4m for the first nine months of 2013, impairment charges of €22.8m, a total income of €46.9m and costs of €55.5m.

It said in a statement released by the bank that from now on it would focus the Irish business towards corporate and institutional clients.

Larry Broderick, the head of the IBOA trade union, said the job losses would be compulsory.

"We are shocked at the decision and the lack of consultation with staff and customers. We would ask the bank to reconsider," he stated.

The news comes just one week after ACC announced it is leaving the Irish market.

The bank assured customers today that their deposits will be repaid in full.

It said that customers do not need to take any action today and the bank will contact them in the coming weeks to clarify the impact on the changes and that mortgages and personal loans will continue in line with existing terms and conditions.

Gerry Mallon, Head of Danske Bank UK & Ireland said in the statement: "The decision regarding the personal and business banking divisions is necessary to stem the losses that continue to accrue in those units. Against the backdrop of the difficult economic and trading environment in Ireland, the Bank has been unable to re-establish a sustainable retail banking business model.

"We appreciate that this announcement will be of concern to our personal and business customers. For existing personal customers there is no change until the first half of next year. We are writing to customers in the coming weeks and will be working with them to minimise the impact on their day to day banking needs.

"We acknowledge also the impact this will have on our staff. We will be working closely with them through this process and commencing the appropriate consultation immediately "

Seen that BOI have a similar arrangement with Post Offices in the UK, maybe they are up with a good chance to get that business from An Post

[cruiser70] 31/10/2013 17:41

My only concern has been and still is the pref shares. If bank can avoid a large scale RI to fund repurchase,then this thing is off to the races

[cricklewood] 31/10/2013 17:25

Johnbuy might get in at 30c IF he is Lucky

LOL

[red army] 31/10/2013 16:27

What news brought this suddden spurge on??

[cruiser70] 30/10/2013 16:21

Nice to see them on the ball hxxp://www.independent.ie/business/personal-finance/bank-of-ireland-launches-75m-home-renovation-scheme-29711637.html