Buying Shares in BOI

Sqaull20

How do I go about buying shares in BOI?

With the way things are now, it looks a good time to buy.

Not looking to buy big, say €1000.

How do I go about it?

Can I buy them online with payment via bank transfer, credit card etc?

Or do I have to join stockbrockers or something?

Im going to keep the shares for years, so not looking for a site to sell them for me, just want to buy.

Can someone point me in the right direction.

Thanks.

pocketdooz

Sqaull20 wrote: »

How do I go about buying shares in BOI?

With the way things are now, it looks a good time to buy.

Not looking to buy big, say €1000.

How do I go about it?

Can I buy them online with payment via bank transfer, credit card etc?

Or do I have to join stockbrockers or something?

Im going to keep the shares for years, so not looking for a site to sell them for me, just want to buy.

Can someone point me in the right direction.

Thanks.

you can buy them through aib online banking or you can walk into a branch of davy goodbody or ncb stockbrokers in dublin city and open an account. You'll find them easily on google. They will charge you about forty quid to buy them for you. They will then sit in your account until you decide to sell or bank of ireland shares become entirely worthless. Best of luck with this. There's a very good chance your 1000 will be worthless pretty soon. There are much much better places for your hard earned cash now than BOI. Don't rush in. Anyway - good luck with it . . .

Dob74

Sqaull20 wrote: »

How do I go about buying shares in BOI?

With the way things are now, it looks a good time to buy.

Not looking to buy big, say €1000.

How do I go about it?

Can I buy them online with payment via bank transfer, credit card etc?

Or do I have to join stockbrockers or something?

Im going to keep the shares for years, so not looking for a site to sell them for me, just want to buy.

Can someone point me in the right direction.

Thanks.

Davy's stockbrokers are the about the best for service. There is a minimum charge of 40 euro I think. Just check out there website its pretty good

Sham Squire

If the government were to re-capitalise BOI in the next few days (as some think they will) do the shares become worthless?

Baird

Sham Squire wrote: »

If the government were to re-capitalise BOI in the next few days (as some think they will) do the shares become worthless?

Depends on how the bank is recapitalised.
Unless the bank is completely nationalised then no the shares do not become worthless.
The chances that any irish bank will be nationalised are very very slim as the
government cannot afford to own the bad debts.
More than likely some form of a bailout involving pref shares will happen instead.

Running Bing

Sqaull20 wrote: »

How do I go about buying shares in BOI?

With the way things are now, it looks a good time to buy.

Not looking to buy big, say €1000.

How do I go about it?

Can I buy them online with payment via bank transfer, credit card etc?

Or do I have to join stockbrockers or something?

Im going to keep the shares for years, so not looking for a site to sell them for me, just want to buy.

Can someone point me in the right direction.

Thanks.

Just out of interest what is it about BOI that makes it attractive to you at the moment?

Sqaull20

Thanks for the advice lads, im not in Dublin, Limerick.Davy's stockbrokers is not an option

Babybing wrote: »

Just out of interest what is it about BOI that makes it attractive to you at the moment?

I have a feeling they will recover some time, its just a guess of course.

1k is a bit much to take a guess on, so I am only going to put €400 in.

pocketdooz

Sqaull20 wrote: »

Thanks for the advice lads, im not in Dublin, Limerick.Davy's stockbrokers is not an option



I have a feeling they will recover some time, its just a guess of course.

1k is a bit much to take a guess on, so I am only going to put €400 in.

You'll lose 10% of your initial €400 investment when you buy and then again when you sell in transaction fees - to be honest mate - I think it's a bad idea but . . .

good luck if you do it

pocketdooz

Sqaull20 wrote: »

Thanks for the advice lads, im not in Dublin, Limerick.Davy's stockbrokers is not an option



I have a feeling they will recover some time, its just a guess of course.

1k is a bit much to take a guess on, so I am only going to put €400 in.

Would you put €400 down on a "guess" normally ?

Like flipping a coin etc ?

skelliser

would Anglo irish not be a better option?

ManFromAtlantis

was just about to ask the same quetion re how do u buy boi shares.
havent got a clue as to how they'll do but if u invest say 500euro you get a bit of crack interest when the shares news comes on the telly ! i usually put a few hun on mayo to win sam every year, so this year i think i'll go for something a bit safer instead.
is the aib site awkward or is it easy to use as log in , click , click, click, log out! ??????

jonnyj

why would buying shares in boi be a bad idea, fair enough you need to pay the €40 for Davy stockbrokers to provide the service. what are the other fee's? How much tax, what are the selling fees like??

TechieEddy

Why do so many people think that just bescause a share price is really low that it's a good buy?
It's a very flawed way of thinking. If the share price can drop from 18 to 1 in less than two years then it can drop more.
Save your money because Mayo have more chance of winning the Sam

pocketdooz

jonnyj wrote: »

why would buying shares in boi be a bad idea, fair enough you need to pay the €40 for Davy stockbrokers to provide the service. what are the other fee's? How much tax, what are the selling fees like??

Are you for real ?

Have you been living in a cave for the last 18 months ?

They are soon-to-be loss making
They halved their dividend cos they hadn't the cash to pay it
They then cancelled their dividend cos they hadn't the cash to pay it
They are highly levered
Banks trade on confidence - that has been shaken
A huge part of their loan book is against over-valued Irish and UK property
Bad debts are rising
We are entering a recession

and so on . . .
and on . . .

ManFromAtlantis

thats it!!!! a double, mayo and boi shares, yippeeeeeeeeeeeeee

seriously tho is there a link to buy shares thats easy?

jonnyj

Pocketdooz, thanks for clearing that up for me!
I admit I know nothing about buying or selling shares, I thought it would be a good idea to buy now while they are cheap and sell in a few years when they recover. Fair enough they could go lower but they wont stay down forever. BOI is one of the largest banks in Ireland the government wont allow them collapse.

Is there anything worth investing in at the minute?

skelliser

i was thinking about ryanair, but thats just a hunch, a crazy hunch!

pocketdooz

ManFromAtlantis wrote: »

thats it!!!! a double, mayo and boi shares, yippeeeeeeeeeeeeee

seriously tho is there a link to buy shares thats easy?

AIB Online Banking is as easy as it gets mate

pocketdooz

jonnyj wrote: »

Pocketdooz, thanks for clearing that up for me!
I admit I know nothing about buying or selling shares, I thought it would be a good idea to buy now while they are cheap and sell in a few years when they recover. Fair enough they could go lower but they wont stay down forever. BOI is one of the largest banks in Ireland the government wont allow them collapse.

Is there anything worth investing in at the minute?

"When" is presumptuous.

Why won't they stay down forever? They're not that big at all - only €800mm market cap.

Much bigger banks / financial institutions have gone under. (in one way or another which wipes out all equity value)

Lehman Brothers
REFCO
Barings Bank
Bear Stearns
Northern Rock

etc.etc.

phantom_lord

if u look back through the threads in this forum you'll see people asking similar questions about boi when they were 6,5,4.5,3.5 and so on on until where we are today, all asking about buying them since "sur they have to go back up!", and the advice was not to try and catch the falling knife.

pocketdooz

jonnyj wrote: »

Is there anything worth investing in at the minute?

In my opinion - nothing on the Irish exchanges at the moment.

Dubh Geannain

pocketdooz wrote: »

In my opinion - nothing on the Irish exchanges at the moment.

I'd agree with you with the exception of Elan (lawsuits etc. pending), which is also listed in New York. Any global recovery should be led by the US markets.

egan007

OP you should check out the thread in the Economics forum on BOI shares.

There is good accurate information there.

No offence to the posters here but all you seems to be doing is stating the obvious, that there is risk in share dealing and the bigger the risk the bigger the reward.

There as many arguements to say it's a good investment as to say it's a bad one. If it was an easy decision it would be low risk....etc etc...

TripleAce

Sqaull20 wrote: »

With the way things are now, it looks a good time to buy.

Why?

phantom_lord

cause they're cheap, duh! :pac:

Baird

skelliser wrote: »

i was thinking about ryanair, but thats just a hunch, a crazy hunch!

pocketdooz wrote: »

In my opinion - nothing on the Irish exchanges at the moment.

I would strongly disagree pocketdooz.
For me Ryanair are probably in my top 5 buys of any share in the world.
Anything under 2.40 i would nibble on them and the closer they got to 2 the
more i would buy.
Falling oil prices, a recession (people gravitate to lower fare airlines in a
recession) the turmoil at easyJet and the huge cost base that Lufthansa and
BA have make Ryanair a complete no brainer to be honest.
Would also feel extremely comfortable owning AIB under E3.
Granted there maybe downside in the short term but they will survive this
crisis and while never seeing E24 they have a NAV of at least E7 which i feel
is attainable inside 12-18 months.

doolox

A few years ago I was looking to buy Elan shares and bought them at around 19 euros. They then went down to around 1 euro and an acquaintance of mine started buying....
At the time I thought he was mad. Now they are at 5.03....... He made a 5 fold profit on his hunch, I'm still loosing.
Markets tend to overcorrect and it could be the case here. The herd has stampeded too far down in value for the shares.
What you need to do is find out what the shares in BOI represent and if they represent property (Branches), a Brand (Irish leader)and a relatively effective staff (questionable, but no worse than all the other world-wide fanancials who are in similar trouble) then they might be worth a couple of hundred or so.
If they become the object of a competitve take over bid then things could hot up..........They are now so cheap anything is possible
While I'm at it Ryanair might not be a bad bet now with oil down again to 50 a barrell and all those out-of -work builders commuting to London for the Great Olympic Build-off..........Also they won't have too much labour trouble if Aer Lingus starts shedding jobs on foot of possible strike action leading up to the busy Christmas Travel season...........

ranger4

doolox wrote: »

A few years ago I was looking to buy Elan shares and bought them at around 19 euros. They then went down to around 1 euro and an acquaintance of mine started buying....
At the time I thought he was mad. Now they are at 5.03....... He made a 5 fold profit on his hunch, I'm still loosing.
Markets tend to overcorrect and it could be the case here. The herd has stampeded too far down in value for the shares.
What you need to do is find out what the shares in BOI represent and if they represent property (Branches), a Brand (Irish leader)and a relatively effective staff (questionable, but no worse than all the other world-wide fanancials who are in similar trouble) then they might be worth a couple of hundred or so.
If they become the object of a competitve take over bid then things could hot up..........They are now so cheap anything is possible
While I'm at it Ryanair might not be a bad bet now with oil down again to 50 a barrell and all those out-of -work builders commuting to London for the Great Olympic Build-off..........Also they won't have too much labour trouble if Aer Lingus starts shedding jobs on foot of possible strike action leading up to the busy Christmas Travel season...........

Agree, o leary was quoted as saying that he was hoping to recieve some cheap long haul transatlantic aircraft next year for a spinoff of ryanair to offer transatlantic flights, guess he thinks hes in the running for some cheap airlingus aircraft in the newyear.

Running Bing

Sqaull20 wrote: »

I have a feeling they will recover some time, its just a guess of course.

Is it at least based on anything other than the fact that the share price has fallen?


Dont mean to be preachy and after all its your own cash Squall and your free to do whatever you like with it and I wish you the best of luck no matter what you do.....But do you know anything about BOI?

SeanW

I have some similar questions as I figure there must be some undervalued assets out there, companies that will recover etc.

What's the cheapest way to trade shares? I don't have a current account with AIB so using their online service is probably out of the question.

Baird

People need to realise something, there used to be 5 huge investment banks in the world
who were worth the same as a medium sized country each.
6 months later there are none, these were cash machines who made money for fun and they are gone.
Just beacuse BOI was the 2nd biggest bank in Ireland a year ago means nothing today.
Its their business model going forward that will determine their fate. Nobody knows what
this is yet so thats why their share price is collapsing.
Ryanair is now worth the same as the 4 Irish banks by market cap for crying out loud.

Think about that for a second! They are worth what they are worth for a reason!
Just because something falls doesnt mean it has to go up again!

ChocolateSauce

Their market cap has fallen 95%, but their underlying business has not. They have large reserves to weather the recession and are not seeking a bailout - because they aren't that badly in need.

I actually came to this forum to ask the exact same question as I found in this thread....I agree it is a risk, but it could pay off. My advice is do it, but only with money you could afford to throw in the bin.

pocketdooz

ChocolateSauce wrote: »

My advice is do it, but only with money you could afford to throw in the bin.

Ridiculous and irresponsible advice in my opinion - I hope nobody on here entertains it . . . .

meanmachine3

Sqaull20 wrote: »

How do I go about buying shares in BOI?

With the way things are now, it looks a good time to buy.

Not looking to buy big, say €1000.

How do I go about it?

Can I buy them online with payment via bank transfer, credit card etc?

Or do I have to join stockbrockers or something?

Im going to keep the shares for years, so not looking for a site to sell them for me, just want to buy.

Can someone point me in the right direction.

Thanks.

to get back to your question O.P.
a while ago i was like you looking to buy shares in boi. i rang them hoping to buy directly but was told they only deal with brokers and therefore i couldn't buy direct from the bank. i checked around .posters here will name different brokers e.g. davy or sharewatch just to name a few. in the end i went with davy reasons being i like to deal with people face to face, they're in dublin city centre and easily accessable should the need arise to bring in paper shares as i would call them. i find davy really helpful and 9 times out of 10 my contact is available when i ring.
posters have mentioned other companies to buy shares from but instead you can check to see which companies sell direct to the public i'm sure the likes of pocketdooz would have an idea.

Roonbox

does B Of I pay out dividents and how much?

meanmachine3

Roonbox wrote: »

does B Of I pay out dividents and how much?

they cancelled paying out dividends last week but i'll go one further and ask can they reinstall paying dividends at any time?

egan007

Baird wrote: »

People need to realise something, there used to be 5 huge investment banks in the world
who were worth the same as a medium sized country each.
6 months later there are none, these were cash machines who made money for fun and they are gone.
Just beacuse BOI was the 2nd biggest bank in Ireland a year ago means nothing today.
Its their business model going forward that will determine their fate. Nobody knows what
this is yet so thats why their share price is collapsing.
Ryanair is now worth the same as the 4 Irish banks by market cap for crying out loud.

Think about that for a second! They are worth what they are worth for a reason!
Just because something falls doesnt mean it has to go up again!

Bookmarking this post for when they are back at €10 per share

soddy1979

ChocolateSauce wrote: »

My advice is do it, but only with money you could afford to throw in the bin.

You really need to back comments like this up properly. An attitude of being able to throw any money in the bin is a pretty strange one and doomed to failure I think.

1. You have no idea how long this recession will be.
2. You do not know that they won't require recapitalisation (a bailout). All media seems to be pointing to this. (If they are bailed out you don't know what form it will take. If it is an equity stake this is going to affect your investment.)

Or can you answer these questions.....

Baird

egan007 wrote: »

Bookmarking this post for when they are back at €10 per share

Bookmark away but there is nothing in my post to say that the share price
wont rise to €4 or €5. What im saying is that people who say they are now
€0.80, 6 months ago they were €8 so they have to go back up are missing the
point. That is not how markets work. The current price reflects the current
state of a business. Whether that price goes up or down in future depends on
the future model the business employs. No one knows that model so how are
so many people so confident it will go up?

The gov bailout plan could be a spectacular succes but why not wait to see
the details before deciding thats its a great idea?

The_Conductor

ranger4 wrote: »

Agree, o leary was quoted as saying that he was hoping to recieve some cheap long haul transatlantic aircraft next year for a spinoff of ryanair to offer transatlantic flights, guess he thinks hes in the running for some cheap airlingus aircraft in the newyear.

Hes also said he will only purchase aircraft from one manufacturer in order to minimise maintenance costs. Aerlingus are almost exclusively Airbus at this time- Ryanair Boeing......

whiskeyman

Can I just walk into my local BOI branch (with whom I've an account) and buy shares that day?

The_Conductor

whiskeyman wrote: »

Can I just walk into my local BOI branch (with whom I've an account) and buy shares that day?

Your local branch is a bank- not a stockbroker. You need to set up an account with a stockbroker (Davy's is BOIs inhouse stockbroker- and convenient, but its not done in your local branch and highly unlikely in less than 24 hours.......)

soddy1979

smccarrick wrote: »

Your local branch is a bank- not a stockbroker. You need to set up an account with a stockbroker (Davy's is BOIs inhouse stockbroker- and convenient, but its not done in your local branch and highly unlikely in less than 24 hours.......)

That's not correct. Bring a passport and a utility bill to your bank branch and you can buy shares. Albeit with higher transaction costs.

You're deal will be done that day but you won't get a certificate for a couple of weeks.

The_Conductor

soddy1979 wrote: »

That's not correct. Bring a passport and a utility bill to your bank branch and you can buy shares. Albeit with higher transaction costs.

You're deal will be done that day but you won't get a certificate for a couple of weeks.

AIB allow you to- BOI don't. AIB set up special arrangements about 2 years ago- BOI still forward you to Davy's (though if you were involved in the Deutsche Telekom holding scheme, Eircom or INM- you could very possibly have an account already- even if you haven't used it in years......).

You do have to satisfy strict money laundering laws before the transaction goes through.

Alternatively- do it online......

ixus

It's shocking, that people are still contemplating purchasing shares in any Irish bank. You are fools!

I've commented before on why they are not worth tuppence.

You do realise that if/when the banks are recapitalised by govt/private investors that your shares will be diluted further, right? :rolleyes: (think Mi-Wadi and water incase you don't understand)

It may even be a case of only preference shareholders seeing a return and the common shareholders i.e. you, seeing diddily!

If you're still confident in buying bank shares, I have some magic beans I'd like to sell you....

soddy1979

ixus wrote: »

If you're still confident in buying bank shares, I have some magic beans I'd like to sell you....

I've bean looking for some of those.

whiskeyman

ixus wrote: »

It's shocking, that people are still contemplating purchasing shares in any Irish bank. You are fools!

Depends on their purchasing strategy. Speculation is making a lot of people money right now.

ixus

I hate the word speculation.

There's plenty of money to be made out there, non doubt. But the only money that's been made on financials has been shorting, and the majoirty of that has been covered by now.

Go long 10 year bonds (US/GER) and get ready to short them in the near future. There's some speculation for you.

rugbyman

This is a hasty question to Baird and Pocketdooz, both of whom I respect, pocketdooz being a text book sort and baird , the same but with a sort of a worth a go attitude.
i am just off a plane ,and looked on boards for some comment on the market, because the chance of finding any in a newspaper is low

my friend bought 10,ooo bank of ire this week at 88 p and sold at 102, pocketing 600 ish. was he stupid or foolish for trying to catch a falling knife. his outlay was 4,500 and his risk low.

. What i want to know is ,... if B of ireland , despite its statement to the contrary, accepts a govt injection of capital, will this cause todays share price of 1.euro odd to rise or to fall. simple question , and the answer is...

pocketdooz. i know short selling has been illegal for some time, but i be you made a tidy sum betting with the bookies on the irish banks falling in share price in the last eight weeks? right?

meanmachine3

soddy1979 wrote: »

That's not correct. Bring a passport and a utility bill to your bank branch and you can buy shares. Albeit with higher transaction costs.

You're deal will be done that day but you won't get a certificate for a couple of weeks.

BOI shares are issued through davy they do not issue shares at branch level i rang my local branch wanting to buy directly from them and after a few transfer calls i was pointed davy's way. i did have to bring some sort of i.d. i went in ,in the afternoon and it was up and running the following day. it all depends on how busy they are with new accounts and what time of the day you go in.

meanmachine3

rugbyman wrote: »

This is a hasty question to Baird and Pocketdooz, both of whom I respect, pocketdooz being a text book sort and baird , the same but with a sort of a worth a go attitude.
i am just off a plane ,and looked on boards for some comment on the market, because the chance of finding any in a newspaper is low

my friend bought 10,ooo bank of ire this week at 88 p and sold at 102, pocketing 600 ish. was he stupid or foolish for trying to catch a falling knife. his outlay was 4,500 and his risk low.

. What i want to know is ,... if B of ireland , despite its statement to the contrary, accepts a govt injection of capital, will this cause todays share price of 1.euro odd to rise or to fall. simple question , and the answer is...

pocketdooz. i know short selling has been illegal for some time, but i be you made a tidy sum betting with the bookies on the irish banks falling in share price in the last eight weeks? right?

i asked my stockbroker about this short selling and he told me i could buy today and sell tomorrow the short selling from what i could gather from him was for the stockbrokers