Time to buy into ISEQ?

Sonnenblumen

Most of the banking stocks are below June 2004 prices, if that doesn't appeal as a bargain, well its savings you need not investments.

daveirl

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ionapaul

Am I wrong to surmise that should the economic situation in Ireland, Western Europe and the US contines / accelerates on its downwards path and the banks earnings go into reverse, that the P/E ratio will climb even if the stock price remains static? 'Cause that is what I (and I'm not alone) think is going to happen. The high dividends of recent years will truly become a thing of the past if some of the big developers that the banks have loaned millions / billions in total to default. Surely if this is the case the current P/E is something to be ignored? Enlighten me those of know more of such things

daveirl

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Newcarneeded

I'm considering an execution only purchase of BOI shares with sharewatch for their small trade €50 offer.

As I don't open an account with them, what level of protection do i have? I simply have to deposit funds and then they buy the shares. I understand for an extra €10 they'll post me a share certificate.

Are they registered with IFSRA in which case should anything happen i'll be covered, and will the share certificate prove my ownership of the shares presumably?

Also, if i don't request a share certificate, what protection or certainty do i have that i receive my dividends, or can be certain and prove i own the shares?

Thanks.

shanethemofo

I'd recommend Campbell and o Conner

Only something like €25 fee + gov tax for trades under €8,888

Ice_Box

Tribune article worth reading...

http://www.tribune.ie/article.tvt?_scope=Tribune/Business/Markets&id=80137&SUBCAT=Tribune/Business/Markets

"The US remains the world's biggest economic power, and Wall Street's investment banks are the most innovative on the planet. We may see a weak dollar again. We may see burnt-out share prices for investment banks again. But both at the same time? That seems unlikely."

ionapaul

Ice_Box wrote: »

Tribune article worth reading...

http://www.tribune.ie/article.tvt?_scope=Tribune/Business/Markets&id=80137&SUBCAT=Tribune/Business/Markets

"The US remains the world's biggest economic power, and Wall Street's investment banks are the most innovative on the planet. We may see a weak dollar again. We may see burnt-out share prices for investment banks again. But both at the same time? That seems unlikely."

Don't think the dollar will recover much against the euro in the near term, if at all, so it might be worth waiting to see what other news comes out of Wall Street if you are interested in US banks. I'm trying not to be overly negative (although I think I am!) but think the chances of more bad news greatly out-weigh the chances of good news...

kmick

6295.13

This is really starting to screw up my Portfolio. I am seriously underwater on the Irish shares and it is swallowing up all my profits in other areas. Just as well China is propping me up. On the bright side European stocks are holding.

Tony255

shanethemofo wrote: »

I'd recommend Campbell and o Conner

Only something like €25 fee + gov tax for trades under €8,888

how many people here use this company and what are your experiences with them.

I have a few questions about them

using the execution only method, is there an annual fee for having an account with them.
Commission is stated as minimum €25.40 but it says 1.5% gross consideration what does this mean.
Are dividends paid directly to me, i read something about dividends being paid to the nominee account, i assume this is my account.
What happens if this company goes bust will the affect me at all?

Thanks to all this forum is really useful

portomar

the company going bust, unless it happens mid-trade if you know what i mean shouldn't matter. as they are only an intermediary through which you buy the shares. you would be sent the share certificate as your proof of ownership. dividends would of course be directly paid to your account.im afraid i cant answer the other questions.

eclectichoney

The €25.40 is just a minimum charge - the commission is 1.5% (but let's say you are only buying €1,000 in shares, the commission is not €15, it is €25.40)

I am not with Campbell O'Connor myself, but that is my reading of their charges.

Sonnenblumen

Tony255 wrote: »

how many people here use this company and what are your experiences with them.

I have a few questions about them

using the execution only method, is there an annual fee for having an account with them.
Commission is stated as minimum €25.40 but it says 1.5% gross consideration what does this mean.
Are dividends paid directly to me, i read something about dividends being paid to the nominee account, i assume this is my account.
What happens if this company goes bust will the affect me at all?

Thanks to all this forum is really useful

COC are a fine brokerage, very professional and fees are transparent. Like all reputable Stock Brokers, they are regulated and terms and conditions are readily available for any prospective customer. Check also website.

You do not have to open an account therefore no annual service charges are applicable. In otherwords you can execute (buy/sell) on a one -off basis. But this is the same for most. Divis are paid directly to stockholder.

Sonnenblumen

daveirl wrote: »

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Yeah, its called Pissy Pants Panic, so how much do you need?

daveirl

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ircoha

http://www.rte.ie/business/2007/1127/centralbank.html

for a current and sanguine view on the financial markets.

IMO any temporary upside now is due to possible bids for some of the Irish banks, a mood tempered somewhat by the half trillion of Alt-A loans that reprice in the first half of 2008 in the US.

The average expected uplift in rates is 1.5%

Alt-A is between sub-prime and prime.