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A tale of two shares

Sonnenblumen · 2007-08-06 13:00:50

2 great contrasting articles in Sunday Bus Post on AIB and C&C. I was particularly impressed with the reports on AIB's recent results and Eugene Sheehy's future plans. A number of interesting points including " our (AIB) job is to find risk", the € 400mio IT investment programme with capacity to handle x3 times AIB current…

06-08-2007 1:00pm

#1

Sonnenblumen

Registered Users, Registered Users 2 Posts: 5,834 ✭✭✭

Join Date: June 2006

Posts: 5610

2 great contrasting articles in Sunday Bus Post on AIB and C&C.

I was particularly impressed with the reports on AIB's recent results and Eugene Sheehy's future plans. A number of interesting points including " our (AIB) job is to find risk", the € 400mio IT investment programme with capacity to handle x3 times AIB current size , and the banks plans to significantly expand eastwards etc etc.

More gloomy were the reports on recent turbulence with C&C, 2 profit warnings, falling sales weather and increased competition, layoffs, suspension of share buyback etc etc with a severe hammering of share price.
Mid year results not due until Oct but it all seems pretty veunerable. I do think Maurice Pratt will turn things around, but the big Q is when will the SP bottom out?

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