Irish Life&P.Gp Share Discussion Threads

[cudman] 03/4/2012 09:43

The future is not certain..........

[uggly buggly] 02/4/2012 15:57

Huge losses reported today. No posts. Sums it up.

[investorpesant] 31/3/2012 16:36

sorry just to add to that BOI impairement charge 444million.

[investorpesant] 31/3/2012 16:31

just had alook at AIBs results and the impairment charge of 1.7bn on its residential ROI mortgage book.ptsb as just said its impairment charge is 1.4bn or 11.5% of loan book.
AIB 41bn mortgage book includeing EBS and BTLs,9o days over 19% 6bn.
BOI 28bn mortgage book includeing BTLs 90 days over 9.7% 2.7bn.
PTSB 25.8bn and falling mortgage book june 2011 now 11.5% 90 days over.what im trying to get at is the impairment charge dosent seem to be in line with other lenders.

if you dont want to bore yourself just read page 115.i suppose all will be revealed on monday.

[shareho1der] 29/3/2012 23:08

I noticed that Irish govt has use Bank of ireland to postpone paying back their 3 bill debt on Anglo until 2025.
If the irish govt has any sense they will use this money to offload Trackers morgage from the 3 main banks, sell their shares in AIB and PTSB at profits to avoid the second bailout.

[shareho1der] 29/3/2012 20:48

investorpesant,
If that 200 mill is used to buy back shares from the govt, that will significantly reduced their holdings .... all good news. But I hope we can try and buy their shares at 4 cent, see if they like taking a loss.
I still believe this is a better investment than AIB though.

[shareho1der] 29/3/2012 12:40

LBO.
Barclays also is tapping ECB through LTRO and their CEO Bob Diamond said there is no shame borrowing from ECB as it was in the past. This is a new ball game.
Yes, by all means DYOR but don't always quote one-sided stories.

Meanwhile, I am pleased we are able to get 1.3b for Irish Life. Hey, that is 200 million euro gift we got from the Irish Govt. Capitalisation completed..... that is one less thing to worry about.

[lbo] 29/3/2012 00:11

Cudman from above link its clear BKIR is already tapping the ECB for more than 10% of their loan book the level at which UBS reckons investors may no longer regard them as a normal private-sector enterprises! We all know what comes next as it has for Anglo, Albk and IPM but DYOR

[loverat] 28/3/2012 21:59

Not really paying much attention to this at the moment. Just come across a company with an even worse management than IPM who just happened to steal my small shareholding today.

I do hope the hopeless management and the government thieves can be trusted not to screw up the few hundred quid left here.

[investorpesant] 28/3/2012 21:48

FFS i can not work out these numbers recap 4bn.
the pcar/plar 31 march 2011 said that the LME and sale of irish life would generate 1.1bn the contingency notes 400mill shareholders contribution 200 mill and gov injection 2.3bn to me that adds up to 4bn
now weve got 1.3bn for irish life,LME 1.05bn shareholders contribution 200mill
contingency notes 400mill,gov 2.3bn.can anyone enlighten me ???

[cudman] 28/3/2012 20:48

Not gonna happen LBO

[lbo] 28/3/2012 18:50

How long before BKIR also follows Anglo, Albk and now IPM?

[cudman] 28/3/2012 16:22

bye bye Life


Irish Life will be directly owned in its entirety by the Minister for Finance whose intention, as set out in the MOU issued in February 2012 under the Programme of Financial Support, is to dispose of Irish Life as soon as market conditions permit.

[shareho1der] 23/3/2012 20:05

For everyone sake, let's hope it comes good:

[squire007] 20/3/2012 22:08

dont see much choice except hold and hope .....

[shareho1der] 17/3/2012 11:49

for better explanation :

[shareho1der] 17/3/2012 09:10

ip, I believe the ECB will play balls (they need "yes" in the referendum) and allow the deal to discard the trackers. this will add value to ptsb and make it profitable.
remember the govt will need to sell only 15% of its stake (at least 345m euro at 0.06234) and we will be back on the main stock exchanges. that will create a huge positive sentiment on the share price i will not rule out a run to 30 cent on that news alone.
i agree irish life will have to go sometimes in the future, the group needs to concentrate solely on banking business.
I bought more at 2 cent and I am happy to hold.

[squire007] 16/3/2012 23:36

stuck @ o.o5 .......