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Aib signs into gov scheme.

  • 24-10-2008 6:45pm
    #1
    ranger4
    Registered Users, Registered Users 2 Posts: 1,370 ✭✭✭


    As off this evening aib has signed up for governent scheme, Even with sheehys rather die than raise equity statement how likely is the prospect of government intervention by buying shares withinn the bank? is there any need to as aib is suposed to be well capitalized, also IL&P decline of 29.24% today on the LSE due mainly to its icelandic investment exposure shows that there seems to be no safe banks withinn ireland, seems there is a lot more ****e to hit the fan over the foreseable future.


Comments

  • #2
    newbie123
    Closed Accounts Posts: 97 ✭✭newbie123


    What effect will this have on aib stocks?


  • #3
    Baird
    Closed Accounts Posts: 260 ✭✭Baird


    ranger4 wrote: »
    As off this evening aib has signed up for governent scheme, Even with sheehys rather die than raise equity statement how likely is the prospect of government intervention by buying shares withinn the bank?

    Minimal to say the very least.
    They have too many other options and dont actually need the capital as worst
    case their bad debts will still be more than managable due to their loan book.
    also IL&P decline of 29.24% today on the LSE due mainly to its icelandic investment exposure shows that there seems to be no safe banks withinn ireland, seems there is a lot more ****e to hit the fan over the foreseable future.

    Probably is a lot more crap to be released.
    In relation to IL&P they have rallied back 40% at one point today.
    A vague and poorly worded statement without any clarity means a stock
    that was holding up somewhat well in the past few days complete tanks.
    Whoever was responsible for it deserves a serious slap on the wrist.
    How on earth that is serving shareholders interests ill never know.


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