Bank Of Ireland Share Discussion Threads

[cricklewood] 21/8/2014 17:07

Nicey Nice, KID

[kemorkid] 21/8/2014 16:41

Steady progress today.

[cricklewood] 20/8/2014 15:59

Nice recovery today.

[wajai1986] 20/8/2014 09:28

Irish banks have the potential to show the most notable improvement through 2015 compared to those in Portugal, Italy and Spain, Moody's Investors Service has said. - See more at:

[cricklewood] 19/8/2014 06:08

Is now the right time to buy back into the Irish banks






Callaghan has a price target of 31 cent on the stock, and there is a general sense of optimism around it. Of the 16 analysts that cover the company's stock and are polled by Bloomberg, 50 per cent have it rated a buy; 16 per cent say it's a hold; and 33 per cent rate it a sell.

"But there are still challenges ahead – its loan book is contracting and its margins are stabilising," says Callaghan. In addition, there is also the risk of a "small capital raise" following upcoming stress tests.

If the bank does come through the ECB's Comprehensive Assessment with a clean sheet, the Irish economy continues to improve and the bank's loan book starts to grow again, it's possible the bank's share price will rise even further.

This is not to say however, that BoI is heading back to its glory days.

"I think it's a reasonable prospect for exposure to the economy, but it's money you have to be prepared to lose. It still has a speculative edge to it," says Digby.

As Callaghan notes, when BoI was at its peak it had a market cap of about €15-16 billion – so even if the bank's market cap was to double today to that same level, a doubling of its share price would only see it rise to about 50 cent. If you're either waiting for BoI to recover its old share price, or you're investing for the long-term in the expectation that it will return to this level again, it might be time to reconsider.

"It's not the same as BoI of old. You need to change your mindset," urges Digby.

With respect to dividends, once the bank, in line with its plans, redeems some €1.3 billion in preference shares outstanding – which is scheduled to happen before July 2016 – it could start to conserve capital to start paying a dividend in 2017, provided that no other significant issues arise.



Look overseas for bank stocks
Finally, if you want to benefit from the relative recovery in bank stocks, or be invested for the gains if and when they should come, there's a world of opportunity outside of Ireland. Exchange-traded funds tracking an index of financial stocks offer an element of diversification and may be a safer bet than opting for an individual stock.

For example, the Ishares US Financials ETF is up by 89 per cent over the last five years, while the SPDR Financial Select Sector is up by 84 per cent over the same time frame.


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[docdave2] 18/8/2014 14:25

Ha good timing from Fitch. I doubled up my load last week having seen the break out of the downward cycle, here's now looking to this shooting star, 35 probably before release of stress test news and it will then shoot past this, probably to 1euro either by January!! No way Europe can allow this back to fail otherwise Ireland would fail and they would need to bail out Ireland!!

[kemorkid] 18/8/2014 09:54

Here here Crickwood -35 and beyond

[cricklewood] 18/8/2014 08:23

Nice recovery to 35c going on here, lets hope it continues.


Post Office: the sleeping giant in the challenger bank war

[cruiser70] 15/8/2014 23:01

Fitch upgrades Ireland to A- hxxp://www.rte.ie/news/2014/0815/637438-fitch-economy/

[joeall] 15/8/2014 19:08

you are right,just a slip, should be PO.I draw money @ the po frequently free
of charge and I don,t have a bank account with BOI.

[docdave2] 15/8/2014 16:19

Thats for the full quarter, Who on earth in Ireland has 3000euros in their current account sitting there for 3 months??if you have any bills at all then that's not gonna happenAny @joeall What is "pi's" ?? Post Office would be PO.... Confused.com

[kemorkid] 15/8/2014 14:02

Looking good today -wonder why

[wajai1986] 14/8/2014 16:26

You can avoid the account maintenance charges if you have 3000 Euro or more in your account

[hvs] 14/8/2014 14:02

They is all crooks.

Irish bankers with a big big W

[joeall] 14/8/2014 13:59

I, use the pi's atm regularly to withdraw money & it,s free. As re there acc
charges I don't bank with them.

[cricklewood] 14/8/2014 07:08

Post Office Current Accounts are provided by Bank of Ireland UK.

At the Post Office we believe in making life as easy as possible for our customers. So, we've brought the convenience of local banking to your doorstep with our current accounts. These accounts are now available at your local Post Office branch, so why not pop in and have a chat about how we could help your needs.

The current accounts have been designed to suit a range of banking needs.

They're straightforward and clear with no hidden charges and they allow you to manage your money the way you want - at one of our 11,500 branches, online or over the phone.

Open a Post Office Current Account with as little as £20

You can open a Post Office current account with a minimum balance of £20.

£100 One4all Gift Card when you switch accounts*

To show how much we appreciate your support for our local banking initiative we'll give you a £100 One4all Gift Card when you switch to a current account with the Post Office. Just pop into your nearest participating branch and ensure you have fully completed and submitted a switching form between 1st July 2014 and 31st August 2014.

The One4all Gift Card is issued by Bank of Ireland UK.

Open an account today

To open an account, you will need to bring in a form of ID and proof of address. Click here for our list of acceptable documents.

[cricklewood] 13/8/2014 14:17

Are u shure i can smell it from here.

[hvs] 13/8/2014 14:13

Its pale actually.

[cricklewood] 13/8/2014 14:12

yeah, its right inside your brown mouth.


LOL

[hvs] 13/8/2014 14:09

Anyone know the ex-divi date ?

[wajai1986] 12/8/2014 11:06

Brokerage Cantor Fitzgerald Bank of Ireland has raised its target price for Bank of Ireland stock to 35pc a share, a third higher than current prices - See more at: http://www.independent.ie/business/irish/boi-shares-tipped-30499635.html#sthash.qDdvLlDf.dpufhttp://www.independent.ie/business/irish/boi-shares-tipped-30499635.html