Irish Life&P.Gp Share Discussion Threads

[investorpesant] 16/3/2012 19:13

something to ponder.
this bank was nationalised on the costs of delevarging 2.2bn,govt injection 2.3bn if they get a deal with the imf/ecb to get the trackers of the balance sheet the LTD ratio would fall below the 122% required from the bailout terms, no delevariging costs.the bank with the sale of irish life and the LME would be more than comfortable to withstand the adverse defaults predicted by PCAR.even without the sale of irish life and just the LME alone it could make it.but some how i just cant see it happening the goverment will just take its money back and keep irish life and the bank and sell it later,remeber we own about 0.7% of the group and unless that is changed the share price is going nowwhere.

[shareho1der] 16/3/2012 12:11

something to ponder

[uggly buggly] 13/3/2012 10:51

Just look at the previous post and you will see why people don't want to post on this anymore.

[squire007] 13/3/2012 09:38

sell or stay ............... whats the answer ....... then !?

[shareho1der] 03/3/2012 18:28

Uggly Man,
Just when things start looking up for shareholders, you pop up your uggly muggly advising people to sell .
What kind of person you are? You bought this at 3 euro and sell at 2 cent...lol.
You also took heavy losses at HAWK, YELL, CRND and many others.
Just because you are a lousy investor and lost your shirts doesn't mean other people have to take losses too.

[investorpesant] 03/3/2012 12:58

UGGLY
im sure your right,but i still feel theres an outside chance with people like piotr still fighting.ATB.

[uggly buggly] 03/3/2012 11:29

ip: my advice is to sell up and put your remaining few £ into something else. Try a gamble on a minnow oil share for instance.

This share got me badly and I felt way better when I sold. The likes of graftman etc have all quietly moved on. We were treated disgracefully but don't them continue to beat you up.

[napoleon111] 28/2/2012 21:58

update on impairments and director annoucement





At its meeting today, the Board of Irish Life & Permanent Group Holdings plc considered the amount of loan impairment provisions to be made by its banking business, permanent tsb, in respect of 2011. The provisions are now expected to be approximately €1.4 billion (€2010: €420m) for the year, with almost all of the expected increase attributable to the Irish residential mortgage loan book, due to the following:



§ a change in the assumption for the peak to trough decline in house prices to 55%, from 43% at the end of 2010,

§ the move to provisioning for all cases over 90 days in arrears (from over 180 days) in line with revised Central Bank guidance, and

§ a significant increase in the number of permanent tsb mortgage loan accounts greater than 90 days in arrears at the end of December 2011 at 11.5% of total cases (Dec 2010: 6.8%). This compares with total industry arrears of 9.2% at December 2011.



The Tier 1 capital of permanent tsb at 31 December 2011 was 18.3%, reflecting the expected full year's results, including the increased level of provisioning as well as the gain of €1billion from the liability management exercise which was completed in the third quarter of 2011.



Full details will be available on the publication of the Group's Annual Report & Financial Statements scheduled for early April 2012.

[investorpesant] 28/2/2012 19:09

sorry to be cynical but it just dosent add up to me 1.4bn impairment charge compared to BOI 440 million charge on 11.5% 90 days in arrears BOI 9.7% of loan book.on simlar size mortgage books.

[napoleon111] 24/2/2012 12:26

cudman, back in the day that would have been nearly 20 grands worth :P

[investorpesant] 24/2/2012 08:11

LOVERAT
the BOD here should be put in prison cells.

[loverat] 24/2/2012 05:03

Blimey - hearing all sorts of alleged dirty tricks by the management here. Perhaps they think their reputation is so battered already they can act like tinpot AIM directors. IPM management must be one of the worst managements in a listed company I have ever come across. Truly shocking, which will certainly mean I will not invest further here until they are cleared out.

[cudman] 23/2/2012 16:14

As a whole though they not too bad.
Speaking of BKIR - am I gone mad or did he just fork out less than €150 on stock?
Don't see anything on it to make it appear anything other than an ordinary trade.

[napoleon111] 23/2/2012 14:54

but in fairness cudman, dexia has been insolvent for years :P along with fortis and abn and the likes, they were one of the hardest hit since 2008
things not looking too bad here and in bkir in my humble, could soon be a chance to take a few shares and tuck them away for a couple of years till retirement (approx 30 years!)

[cudman] 23/2/2012 09:37

I suppose though in fairness to BKIR, their results weren't as bad as some Europeans.... Dexia, ow!

[investorpesant] 22/2/2012 21:32

think i got the wrong end of the stick.


looking at BOI results ROI mortgage book including BTL 28bn.90 days plus in arrears 9.7%,impairment charge up 30% on 2010,you would think the same for PTSB.if so still around the baseline of 660million for this year. but as usual with these lot not much clarity,no Q3 trading statement an will have to wait till the end of march for 2011 results.

[investorpesant] 21/2/2012 18:38

yeah if that isnt a slap in the face to shareholders,a spare 100 million to be buying quinns portfolio.

[cudman] 21/2/2012 15:22

Irish Life have taken over Quinns insurance customers.
Cant see any article about it as yet, but its happening anyway.


Here we go

[loverat] 19/2/2012 15:59

Indeed - a new website to be set up soon. Some new candidates to add to this lot - including Craig Whyte who as far as I can see is not much better than these fools.