[shangri la]

Originally Posted by Monty Burnz

It doesn't have to go bust for you to lose all your money. You can just get diluted out of existence as happened with shareholders who bought before the collapse.

about 50,000 mortgages more than 6 months in arrears in ireland with no light at the end of the tunnel.

how much is boi exposed to?

if spains banks go what happens to boi?

is there more money if needed to cover a slew of mortgage bad debts?

is there a better investment to be had?!

[shangri la]

Originally Posted by EdenCyrus

Its pretty sad now though isnt it. sp that is! I mean I guess it could get worse. In terms of dilution, i guess its possible. But Ireland isnt exactly in the limelight anymore in terms of debt and total financial destruction. Its kind of in the back ground sticking its head in the sand etc. I would say it might be worth a shot. I would do it. But if it did increase, it would be over a extremely long time. I would say it will be on par with the recovery rate of the country since BOI are one of the back bones of the Irish economy.

Please correct me if i'm wrong. I dont want to mislead

eye of the storm imo.

[shangri la]

Originally Posted by Sonnenblumen

Who are you telling, hurting bad from earlier blood letting. Perhaps we're splitting hairs now? Bank will only go bust if it needs another significant round of raising fresh capital investment, ie to solve a new liquidity crisis. But I would have thought that would be very unlikely now?

expect to see about another E10bn spread through the banks from a fresh round of mortgage defaults.

[RR2026]

Hi bank of ireland repurchased shares, what this table signifies?

Settlement Date
ISIN
Issuer

Pre Repurchase Balance
Nominal Amount
Post Repurchase Balance

CCY
10-Apr-12
XS0737001247
BANK OF IRELAND

1,850,000,000
50,000,000
1,800,000,000

EUR

[c montgomery]

Shares after taking a dip recently however im thinking of investing for the long term, maybe 3 to 5 years.

What are peoples thoughts on this? I know the personal insolvency act coming in the next few months may cause the bank some troubles however over the long term i think they are worth a punt.

[Monty Burnz]

Originally Posted by c montgomery

Shares after taking a dip recently however im thinking of investing for the long term, maybe 3 to 5 years.

What are peoples thoughts on this? I know the personal insolvency act coming in the next few months may cause the bank some troubles however over the long term i think they are worth a punt.

Do you have an idea how much capital the bank has? Do you have an idea how much of this will be destroyed by their mortgage book going bad? Do you know what Basel III and the relevant capital adequacy regulations are?

If the answer to any of these is no, then run a mile - you'd be better off sticking it on a horse.

By the way, 3 to 5 years is not the long term.

[euroboom13]

buying...bravely....

[euroboom13]

8 cent to 9.6 in one week....whats that 20%

something happening!..or more of the same?

[euroboom13]

another great thread bites the dust.....feel the pain of lost hope

or is there any brave`s left!!.....(9.3cent for the record)

[Monty Burnz]

Originally Posted by euroboom13

another great thread bites the dust.....feel the pain of lost hope

or is there any brave`s left!!.....(9.3cent for the record)

These things will wobble all over the place. It's a gamble, not an investment.

[HerrScheisse]

I am actually thinking of buying more BoI at this point.

Either they let the euro fail and the zone break up and become an economic backwater in the brave world of brand new superpowers or they complete an incomplete task and make the euro currency durable, and capable to withstand turbulence.

Of all the PIGS countries, Ireland is the only one to comply with targets to date, maybe it is a raw deal but I believe long term BoI has a healthy future once the European Commission get their collective act together. The choice is stark - failure of the currency, or continue as a economic and political block. And time is running out, the alternative is much Scheisse...

[Monty Burnz]

HerrScheisse - remember that regardless of which occurs, your BOI shares could still be diluted to the point of worthlessness.

[euroboom13]

very few investments these days could be consider gamble free...(with qe guns cocked)

and the up side on boi are massive....."IF" they survive which looks likely..(to me)

[HerrScheisse]

I agree fully with you Monty my good friend.

Dilution is a short term strategy. I am thinking BoI long term as in a 10 year time frame. Bear in mind that GM was bankrupt less than 3 years ago and is now in the top class of car manufacturers. If you gave a Buy vote in 2010 you would have been considered insane.

I like to take short term risks but I find many look at the dailies and weeklies. Be honest, which European government has let a major bank fail?

Zero. Meaning you have a government sponsored buffer. Although no absolute guarantee, it is certainly better than gambling on Ford or GM two years ago, which would have reaped a fine profit if you did dare so.

I like the big picture, I am assuming that the European painting must continue in parallel to to the US design of economic reform to create an new economic picture based partly upon the German model. A design and manufacturing base in Europe for starters.

[HerrScheisse]

Originally Posted by Monty Burnz

HerrScheisse - remember that regardless of which occurs, your BOI shares could still be diluted to the point of worthlessness.

That can happen to any company in Scheisses - you have no guarantee.