19/1/2009 Irish bank shares plummet this morning...

Darragh29

http://www.irishtimes.com/newspaper/breaking/2009/0119/breaking36.htm

Looks like the endgame is nearing us, with AIB at 82 cent, BOI at 54 cent...

You wouldn't get an apple or an orange on Moore Street now for this!

Lump

Tell me about it, I've lost a packet.... hopefully they'll recover

MarkR

Poor guys. And not a proper skyscraper in sight to leap off of.

doolox

I put 8000 in Boi a few years ago I think I bought at 11.00 or so per share, now worthless.
Ditto 2000 on Aib before Xmas now worth .60
I have had no luck with shares and I am staying out of them from now on.

At least you have better fun with the dogs and horses.

At least my pension lumpsum with Canada Life is still worth something.

My Tesco shares are still worth something even with Sterling going sour.

My Aviva shares are not great.

ManFromAtlantis

wooooowwwwwwww!! thbought when they were at 65 couldnt go much lower. didnt buy cos too much red tape at the time but happy now i didnt.
there was alot of people saying .buy at 65. where are ye now/?????
its mad ted what would happen if they go even lower or near worthless? what does it mean to teh man/woman on teh street.

Mark200

How exactly do you go about buying shares...?


Lets be honest, the chances of BOI or AIB going bust are extremely slim. We'll get out of this recession eventually. I'm seriously tempted to invest now, it's unlikely I'll ever get a better deal.

ManFromAtlantis

hey mark...........i said those very word 2 months ago!!!

Mark200

ManFromAtlantis wrote: »

hey mark...........i said those very word 2 months ago!!!

Well investment is long term....


Also I'd note that BOI shares are considerably lower than AIB because they stopped paying out to their shareholders I believe. Not necessarily because the business is doing badly (heard a while ago they stopped paying out, but it might have only been temporary...?!?)

Lump

You need to get a broker.... I use hoodlessbrennan the'yre an online broker that charge a fixed fee for each transaction, but offer you no advice. I bought BOI & AIB shares before christmas when I thought they were at an all time low...... Suffice to say, I don't think AIB or BOI will go bust, so I am hopful that they'll make me money in the long run.

If you have a bit of spare cash, I think it'd be a good idea to buy now, especially AIB. Obviously if you lose everything, don't blame me

Lump

When do banks pay their dividends, I'm not expecting any..... but is their year end April, or Dec?

drunkmonkey

Any chance of either of them been sold or nationlised, what would happen the share price then?

AIB looks tempting....how quick could the increse x5

Mark200

drunkmonkey wrote: »

Any chance of either of them been sold or nationlised, what would happen the share price then?

AIB looks tempting....how quick could the increse x5

The share price would be very close to zero if either of them were to be nationalised, simply because the Government wouldn't step in unless there was a serious threat of one of them going bust, in which case the share price would be zero :P

drunkmonkey

Mark200 wrote: »

The share price would be very close to zero if either of them were to be nationalised, simply because the Government wouldn't step in unless there was a serious threat of one of them going bust, in which case the share price would be zero :P

and the odds of that happening are 3/1?

Roadend

Mark200 wrote: »

The share price would be very close to zero if either of them were to be nationalised, simply because the Government wouldn't step in unless there was a serious threat of one of them going bust, in which case the share price would be zero :P

Neither bank would go bust if the share price fell to zero

ninebeanrows

We are nearing default.

The banks are collapsing before our very eyes.

Lump

AIB has huge money invested in America and around the world..... we would see a sell off of some of their assets before they were nationalised.... I hope that would happen anyway!!

Lump

drunkmonkey wrote: »

Any chance of either of them been sold or nationlised, what would happen the share price then?

AIB looks tempting....how quick could the increse x5

If anyone knew that they'd be rich! It's hoped that the banking situation will settle down by May I think, and then it'll start to turn around. I think the government should have let Anglo Irish go bust!

drunkmonkey

anglo should have went to the wall, do we all get cheap loans from them now seen as were bankrolling them:rolleyes:

Lump

It's more the fact that the boss man profited out of the bank, and now the taxpayers are pulling the bank out of the shit. I pay tax in the UK, so I'm currently bank rolling a few different banks. It's a total joke!

Morrisseeee

What would it take for US to STOP the current Government 'funding'/'saving' their GOOD friends (the Gamblers) of Anglo Irish Bank ? Would it take a CHANGE of Government, if so, lets DO IT........:eek:

ODS

Just remember the advice from he who got us into all of this -

"Bank of Ireland shares are €3.80 today. Now if I meet you here next year, or the year after, do you seriously think Bank of Ireland shares will be €3.80? I'd go out and buy Bank of Ireland shares . . . that's what I'd do,"

Bertie Ahern, September 2008.

BoI share price today: 40¢

Where are you now Bertie, you bastard? After running the country into the ground with a rotten ponzi economy, you're gone like a fart in the wind...

My generation will never forgive Ahern for having wasted unprecedented opportunities, sabotaged the environment, and left us all with a horrendous economic vista that'll take years to recover from :mad:


Little bit of good news, just noticed that BoI is now back up to 70¢... let's hope it continues going in that direction...

Rebeller

Morrisseeee wrote: »

What would it take for US to STOP the current Government 'funding'/'saving' their GOOD friends (the Gamblers) of Anglo Irish Bank ? Would it take a CHANGE of Government, if so, lets DO IT........:eek:

I think the time for peaceful, democratic, legal protest has passed.

It's no time to take a leaf out of our Latvian neighbours' book.

To the barricades!

Mr. Incognito

What would it take for US to STOP the current Government 'funding'/'saving' their GOOD friends (the Gamblers) of Anglo Irish Bank ? Would it take a CHANGE of Government, if so, lets DO IT

Stop voting for Finna Fail.

Pen1987

Mr. Incognito wrote: »

Stop voting for Finna Fail.

In Ireland? Impossible. To many family ties, we're only 2/3 generations old. Most people can't even see past the Poor ol' Bertie facade let alone, the "the may Great Granda died for Fianna Fail, how could I in all conscious vote FG?" idea we seem to live by.


What happens if AIB is nationalised... then 5 year down the line the recession ends? Is it un-nationalised?

I bloody well hate finance.

Turd Ferguson

Mark200 wrote: »

How exactly do you go about buying shares...?


Lets be honest, the chances of BOI or AIB going bust are extremely slim. We'll get out of this recession eventually. I'm seriously tempted to invest now, it's unlikely I'll ever get a better deal.

Yeah. Even buying say €100 euro worth of shares at 54c. If they climb back up you could be making 5 times on your investment...

Mr. Incognito

In Ireland? Impossible. To many family ties

THIS is exactly what's wrong with the country. This is why you have idiots running the country.

"Ah, sure, Daddy voted for them so I must too" and damn the consequences of their incompetence. We might as well make it a dictatorship.

If people are REALLY that stupid. They deserve Finna Fail.

Pen1987

Turd Ferguson wrote: »

Yeah. Even buying say €100 euro worth of shares at 54c. If they climb back up you could be making 5 times on your investment...

I think the minimum investment is 2000e.

Mr. Incognito wrote: »

THIS is exactly what's wrong with the country. This is why you have idiots running the country.

"Ah, sure, Daddy voted for them so I must too" and damn the consequences of their incompetence. We might as well make it a dictatorship.

If people are REALLY that stupid. They deserve Finna Fail.

Mass punishment for majority idiocy is not fair!

Mark200

Pen1987 wrote: »

I think the minimum investment is 2000e.

ahhhhh what?

That's me out then

Turd Ferguson

Pen1987 wrote: »

I think the minimum investment is 2000e.

Thats ghey. If they lowered it to €100 I'm sure they would gets lots more people investing and then they could build the interest rates back up again.

I think I'll give Joe Duffy a call later and see if he can sort this out for me :pac:

ODS

ODS 20 mins ago wrote:

Little bit of good news, just noticed that BoI is now back up to 70¢... let's hope it continues going in that direction...

And now back down to 50¢ again...

The markets are totally all over the place...

Other country's will adopt a Keynesian model and build their ways out of their recessions... Almost alone, Ireland is not in a position to to do this thanks to the Bertie-brewed bubble, and the country's cartel of elected representatives and over dominant business interests that we misleadingly refer to as a "government".

If the shower in Leinster House allow the borrowers of Anglo to withdraw any deposits they have, after nationalizing it, I'm reaching for the guns :mad:

drunkmonkey

Darragh29 wrote: »

with AIB at 82 cent, BOI at 54 cent...

there going lower by the looks of it, AIB @ 77 cent and BOI @ 48 cent...

Irish Independent down to 26 cent, could be there own fault for starting the recession..:)

ODS

Pen1987 wrote: »

I think the minimum investment is 2000e

I think if you recheck that, you'll find it's not correct. Plenty of people over the years have acquired single shares, specifically so that they could heckle/ raise awkward issues from the floor over various issues... Think Shell/ Esso/ etc that get into confrontations over labour/ environmental matters.

Pen1987

ODS wrote: »

I think if you recheck that, you'll find it's not correct. Plenty of people over the years have acquired single shares, specifically so that they could heckle/ raise awkward issues from the floor over various issues... Think Shell/ Esso/ etc that get into confrontations over labour/ environmental matters.

Yes but 2000e to open an account with a brokerage.

ODS

drunkmonkey wrote: »

Irish Independent down to 26 cent, could be there own fault for starting the recession..:)

Too good for them imo - remember the disgraceful fanning of the flames of the property market by the Sindo with their anti-stamp duty agenda? If anything, as we no longer have our own interest rates, Ireland should have been slapping on the stamp so as to calm the market to a sustainable level - with the monies raised spent/ saved wisely. The Sindo's role was corporate irresponsibilty on a massive scale.

Or what about the intellectual pornography that masqueraded as the Indo's property supplement? Or recall how the Indo backed Ahern into and in government? And all owned by a man who doesn't pay personal tax here yet always ensures that a title conferred by a foreign head of state is used in reference to himself? The one bit of good that this govt has done in the last year was not sinking €50 million into Waterford Crystal... Perhaps tony may now rethink having as it's US marketing public face a minor member of a german royal family in england; it is however I suspect too late... I wonder if miss ferguson would get more severance pay than the poor unfortunates in Waterford...

The Indo down to 26¢ and T O'R's own private interests taking a hammering? Sounds like the roost is beginning to fill with it's chickens.

It's the unfortunate pensioners with small share portfolios, workers in the banks, Waterford, etc that I have sympathy for.

ODS

Pen1987 wrote: »

Yes but 2000e to open an account with a brokerage.

Fair enough I stand corrected though I had thought that online options had opened it all up.

ODS

drunkmonkey wrote: »

there going lower by the looks of it, AIB @ 77 cent and BOI @ 48 cent...

BoI is now 45¢... At this rate the Zimbabwe Dollar will be worth more than BoI stock by the end of the day. Is it time to send Cowen and Lenihen over to Dr. Mugabe for financial direction - they might do a better job then :rolleyes:

ODS

BoI now at 41¢... At this rate they'll be nought within 2 1/2 hours.

ninebeanrows

ODS wrote: »

BoI now at 41¢... At this rate they'll be nought within 2 1/2 hours.

Close at 430

Their selling hard.

AIB down 60%, BOI down 45%

thebman

Was just wondering if these guys used to be CEO's in banks.
http://www.rte.ie/news/2009/0119/obrienb.html

drunkmonkey

ODS wrote: »

BoI now at 41¢... At this rate they'll be nought within 2 1/2 hours.

AIB now at 60 cent and Bank of Ireland at 34 cent....:eek: Christ Lucky I didn't buy today....

Pal

BOI 0.37c
AIB 0.59c

spare a thought for RBS closed at 12 pence !

maggy_thatcher

Pen1987 wrote: »

Yes but 2000e to open an account with a brokerage.

If you are an AIB customer, you can use their Share Dealing Service (http://www.aib.ie/sharedealing). Minimum trade is €127 (Max is ~€64k if I remember correctly)...don't remember seeing anything about having a minimum balance in your "nominated account" -- and mine has certainly gone low a few times

It does take a few days to set up though, or at least it did 5 years ago when I set mine up

ManFromAtlantis

this subject has been 'mad' in the past but it has now lost the plot all together.

Itsdacraic

Morrisseeee wrote: »

What would it take for US to STOP the current Government 'funding'/'saving' their GOOD friends (the Gamblers) of Anglo Irish Bank ? Would it take a CHANGE of Government, if so, lets DO IT........:eek:

It's funny how when things go well it's described as "sound investment strategy" but when it goes wrong it's simply "gambling".

Darragh29

It's time to buy the candles, stock up on the non-perishables and buy yourself a shotgun!

Hellm0

Darragh29 wrote: »

It's time to buy the candles, stock up on the non-perishables and buy yourself a shotgun!

The scary thing is I know people who already have.

Shiny

Darragh29 wrote: »

It's time to buy the candles, stock up on the non-perishables and buy yourself a shotgun!

What are you talking about?

The share prices have dropped to nothing, society hasn't broken down...

yet*.

*(Must root out Mad Max 2 for some tips)

phasers

I just bought 5 shares

Pj!

phasers wrote: »

I just bought 5 shares

Where did you buy just 5 shares?

phasers

Forky wrote: »

Where did you buy just 5 shares?

The share shop

Pj!

Handy