Bank Of Ireland Share Discussion Threads

[lbo] 04/3/2014 17:05

Yet they seem to be buying at silly prices. Thirty-five cents sounds low but the various restructurings have left more BoI shares than there are grains of sand in the Sahara. The stock is selling on a huge premium-to-net asset value (NAV), with the NAV at 20c and the share price hovering close to a lofty 35c. Barclays Bank makes an awkward global comparison with them, selling at a discount. Both AIB and BoI stand on a negative price earnings ratio.

Despite the bulls' whispers that the two banks can increase margins because they are now happily an anti-consumer duopoly; despite their unspoken respect for the BoI management team; despite the improving economy, the regulatory dynamics suggest that shares in BoI might stabilise soon.

The problem is that if the Central Bank does not win this battle, the shares might stabilise, zombified, at in or around 25c and remain there for years

[cricklewood] 04/3/2014 15:05

Double top here soon, back to 38c.

[cruiser70] 04/3/2014 14:19

Wilbur bought at 10 and 11 cent, he has made 3 times his money.He is selling part of his holding to bank profits and is holding the remainder for now... nothing wrong with that.

Those who were on this board here at the time (not many of you) would have seen some of us oldtimers buy when it dipped a month or two after his buy to 8 cent area. His timing is not perfect, he will admit that but he too has investors who want their return.

"It's not the first 5% I'm after, nor the last 5%, it's the 90% in the middle."

ps Jonbuy how's GKP getting on with that 20 quid target?

[scottishfield] 04/3/2014 13:39

a bit of profiting taking today & some heafty buying also imo.

[benchmark] 04/3/2014 12:12

This will turn out to be a good day for BKIR - although maybe not in terms of the short-term share price which is irrelevant anyway for all except the fly-by-nights. Deutsche Bank will ensure that a new institutional investor base will come on board. And these new investors will be putting up money based on their projections on how BoI is going to perform over the next number of years (1-5 say)

[johnbuy] 04/3/2014 11:44

down down deeper and down

[docdave2] 04/3/2014 11:14

I told you this stock was manic and just full of hot air!!Exactly like the property market in Ireland!!Always people around though to talk it up, usually with a vested interest!!

[cricklewood] 04/3/2014 09:17

RED

60c and I will have trebled my money, happy xmas.

[red army] 04/3/2014 09:14

Well the chart is suggesting 60c feasible by year end so expectations of doubling your money is very attractive.

[benchmark] 04/3/2014 09:10

Exactly! So, even a small retracement such as we are seeing this morning could be a very healthy develpment. The sale will have been well planned and conducted with institutional buyers lined up in advance

[cricklewood] 04/3/2014 09:07

Yes, and who ever buys them must see a profit in them aswell.

[benchmark] 04/3/2014 09:01

You wonder why??? Well, a profit is a profit isn't it? And a fat profit is an even bigger profit. So, why would he let he stay there forever? Natural that he would sell at an opportune time.

[cricklewood] 04/3/2014 08:48

Wilbur Ross and Fairfax are selling Bank of Ireland shares after the company's full year results yesterday.

6.4% of the bank's shares are being offered for sale.

Commenting on the move, Cantor Fitzgerald's Ronan Reid says the timing is natural after publication of the results yesterday and reflects the bank shares' price appreciation.

Wilbur Ross was among a number of US and Canadian firms that made a combined €1.1 billion investment in Bank of Ireland in the summer of 2011.

He acquired a near 10% stake in the bank and the deal allowed Bank of Ireland to be the only big Irish bank to survive the financial crisis without being nationalised.

Mr Ross has called his stake in Bank of Ireland shares as his "best investment since the financial crisis".

The company he founded, WL Ross, specialises in "turnarounds" - investing in companies which are in difficulty and reaping the benefits of helping them recover.

Speaking last year, Mr Ross said there were plenty of potential opportunities in recession-hit countries but that Ireland stood out as it was "a very unique economy".

Fairfax had also taken a 9% stake in the bank in 2011. The other investors included Wilson Kennedy - who has since sold its stake - Fidelity Investments and the Capital Group.

Bank of Ireland's shares closed down by just over 7% yesterday at 36 cents, making this transaction worth about €72m at yesterday's closing price.


TOP STORIES

[cricklewood] 04/3/2014 08:43

I wonder why ?

[benchmark] 04/3/2014 08:42

A poster on LSE thread tells that Wilbur Ross is seeling all or part of his stake through (not "to") Deutsche Bank

[dandadandan] 03/3/2014 09:48

Russia/ Ukraine scares the markets?

It is all smoke and mirrors.
A Mexican standoff.
The UK news media like to stir it up.

Europe needs Russian gas, it does not want to see cold voters, so solutions will be found.

This is a great day for Richie Boucher.
This Bank by now (March 2014) is making a profit.

So watch out for the 'mighty dollar' from this afternoon onwards.
They (ROOTS INVESTORS) know a good thing when they see it.

GLA.

[moneybags] 03/3/2014 08:12

Books going in the right direction anyway.

Regards , Moneybags

[mark88man] 03/3/2014 08:11

The luck of the Irish - (Relatively) excellent results the day Putin declares war (nearly)

[shoobmeister] 03/3/2014 07:11

Excellent results. Loss down to 569m Euros...

[red army] 02/3/2014 15:23

Yes according to the website there is a presentation on Monday morning.