anglo

ranger4

with the huge recent drop with anglos share value does a merger or possible sale of new shares to raise fresh capital look likely withinn a week or two, Has the market priced this or simmiler action thus stock is trading at 0.50 at 12pm on lse today.

Concept2D

Anglo Irish started to drop very heavily after there report yesterday, I assume it's linked to that . The report doesn't look too bad to me considering the recession, but what do I know . Maybe the market thinks Higher Management are talking BS .

http://www.breakingnews.ie/archives/2008/1203/business/mhididsnmhkf/

ranger4

Concept2D wrote: »

Anglo Irish started to drop very heavily after there report yesterday, I assume it's linked to that . The report doesn't look too bad to me considering the recession, but what do I know . Maybe the market thinks Higher Management are talking BS .

http://www.breakingnews.ie/archives/2008/1203/business/mhididsnmhkf/

I guess with anglos heavy exposure to uk and irish comercial property loans is one of the main reasons that their share price is so low, i would invest in anglo stock for longterm 3-5 year period if i could see the bank remaining solvent or without being taken over and diluting exsisiting shareholders to death, i also feel the rest of the irish banks and building societys share prices have more downside possibly untill 1st or second quarter next year.

ranger4

Has anyone bought anglo yesterday or today?

rugbyman

I plan to spend 550 odd inc taxes and costs to SPECULATE on Anglo Shares this monday. I have no inside knowledge, have not 'done the maths' ,have read all the dire warnings on Boards for four months. My target is to double my money. Considering the roller coaster ride that shares have been on for the last six weeks or so , I have a chance. One thing I am CERTAIN of is that I can only lose 550.
Regards,Rugbyman

georgem25

I purchased during the week at 55c and watched them go drop immediately. But hopefully they will recover soon!!

ranger4

georgem25 wrote: »

I purchased during the week at 55c and watched them go drop immediately. But hopefully they will recover soon!!

I found anglos statement that they wish not to dilute exsisiting shareholders and feel if they can continue to opperate without being forced to possibly merge with either a bank or building society that we could see a rally with the sare price.

Time Magazine

ranger4 wrote: »

with the huge recent drop with anglos share value does a merger or possible sale of new shares to raise fresh capital look likely withinn a week or two, Has the market priced this or simmiler action thus stock is trading at 0.50 at 12pm on lse today.

€0.509 at the moment. Here's a post on this forum from October:

hatrickpatrick wrote: »

the share price remains at €3, a shockingly low price given what it was even 6 months ago. Does anyone think it'd be safe to buy these or is the company best given a wide berth?

Falling knives, people.

blocparty

still cant believe people want to take a punt on irish bank stocks! they are god damn awful at the moment! cant see how the personal investor can make any significant money off them in the short term given the costs associated with going in and out of the market!

at the start of the year my dad invested money for his pension with one of irelands biggest stock brokers, of course they bought banks, AIB, BoI and RBS i told him they were doing the wrong thing and now those shares are worth fractions, yet everyday my dad asks me should he go in again when he sees that anglo went up 20% one day and 30% the next! i keep telling him no that its not worth it unless you are going to day trade something which doesnt seem to translate that well over here on a personal investment scale. works in america but not here.

the buy and hold theory, that many seem to employ needs to take a back seat in these conditions, even the buy and homework theory needs to take a step back as well, as in my opinion day trading is the only way to profit. the way the market is right now, you have to watch it constantly. buy on low days and sell on any up shots.

tread carefully people