BOI shares steadily rising... Worth a punt?

Thanos

save_me_some wrote: »

its a volatile stock so 5% up or down is commonplace

we are fast approaching the time when wilbur ross can sell more of his holding , if he doesnt , i suspect we head to 30 pretty quick , if he does , we will dip below 20 before summer is over

Is there a date? (could not find one in some of the bits i googled....)

lucky john

Thanos wrote: »

Is there a date? (could not find one in some of the bits i googled....)

I'm fairly sure it has passed earlier this week.. My opinion is the sooner he sells the better. Noonan as well.

Mr.David

BrokenArrows wrote: »

Any idea what the 5% increase is about today?

I would imagine its due to the ECB cut and Draghi's policy shift announced yesterday.

Comhrá

http://www.independent.ie/business/irish/us-billionaire-wilbur-ross-is-selling-his-entire-stake-in-bank-of-ireland-30340240.html

otterj

sell

BrokenArrows

Good thing I sold at 28 the other day.

save_me_some

BrokenArrows wrote: »

Good thing I sold at 28 the other day.

at least a 10% fall tomorrow , wont go past 30 cents for at least six months now , will need to fall back well below 20 cents before it bottoms

huge story

euroboom13

All the bears are marching to the tune of the pied piper, can anybody carve there own path anymore, or do we all just listen to the news and head in the direction it seems to be pointing in.

Hold / buy /go long.... or let common perception blind you in all your investments.

Good luck

save_me_some

euroboom13 wrote: »

All the bears are marching to the tune of the pied piper, can anybody carve there own path anymore, or do we all just listen to the news and head in the direction it seems to be pointing in.

Hold / buy /go long.... or let common perception blind you in all your investments.

Good luck

i salute those who HOLD but the big institutions will short in droves off the back of this news , surely you accept that this is bearish in the short term ( at least ) ?

gaius c

Ah he'll buy back again I'd say.
Sometime after the stress tests.

lucky john

I going to hang in there became I think this was inevitable. Now a huge uncertainty has been removed and for the long term that's excellent. If only noonan would cash out now as well it would be great news.

euroboom13

save_me_some wrote: »

i salute those who HOLD but the big institutions will short in droves off the back of this news , surely you accept that this is bearish in the short term ( at least ) ?

Will be volatile for a short while, so I wouldn't be playing with any spread but I wouldnt risk selling short term either.

Value Hunter

Sold his stock at a 10% discount 3 months ago, now basically dumped the remainder as soon as was possible under the lockout period. But I suppose its a great investment, that's why all the clever guys are dumping it eh??

euroboom13

Value Hunter wrote: »

Sold his stock at a 10% discount 3 months ago, now basically dumped the remainder as soon as was possible under the lockout period. But I suppose its a great investment, that's why all the clever guys are dumping it eh??

By the sounds of it ,you seem to think this stock has played out, i`m afraid your wrong ,the fun is only starting!

As for your "cheerleading", you go girl!

Value Hunter

euroboom13 wrote: »

By the sounds of it ,you seem to think this stock has played out, i`m afraid your wrong ,the fun is only starting!

As for your "cheerleading", you go girl!

Wow, your maturity seems to match your intelligence level.

Moving on, yes I believe its played out, my reasons so have been well stated. You seem to think it can go to the moon, based on jack s*** but wishful thinking in all honesty.

Seamus1964

Value Hunter wrote: »

...But I suppose its a great investment, that's why all the clever guys are dumping it eh...

You are 77 years old one of the richest person on earth.
You made over 500 million bucks over 3 years time period ,basically doing nothing.
What would be the very reason to be extra clever and wait still more to come?

euroboom13

Mature people don't chase the headlines with their commonly perceived wisdom.
As for intelligence, when you get some you might witness some!

Good luck.

ABC101

Excuse my ignorance, but if W.Ross is selling at 26 to 28 cent, does that not mean somebody else is buying at those prices?

It's just a transfer of ownership, that right?

In relation to the ECB stress tests at year end, I believe BOI will pass those tests.

Of the few banks left operating in Ireland, BOI must be in the best condition, so if BOI were to fail, all the Other Irish banks would fail too. What's de ECB going to do, close down the entire Irish banking sector just because it does not meet the requirements?

Anybody any thoughts?

Farmer Pudsey

TBH he is not exactly giving them away. He saw an opportunity after the year end results to sell some and now he is exiting. He is not putting them on the market rather sell them in a price range. I imagine that it is a sort of tendering process. It would be nice to get a piece of the action but it will only be for the big boys.

You have to be realistic about BOI share price. At 40c/sahre it is maxed out, at 25c it a under valued IMO. It is valued at about 7.5 billion at 25c/share I think

ABC101

My own opinion is that the share price will probably hover around 25 to 28 cent range for the time being.

As the economy continues to improve, profits increase, losses and impairments reduce, BOI should get to the point where a dividend is being suggested. This is all good news coming down the tracks over the next number of years. The good news will put upward pressure on the SP.

I'm in BOI for the long term, perhaps next 25 years, we're hopefully the SP will be in several euro by then.

The one major concern I would have is that R.Boucher May now be more exposed to Govt interference. I believe the knives were out for Boucher some time ago....but W.R. Warned the DOF that if Boucher gets knifed W.R. and the other investors would pull out of BOI and in effect warning all investors that Ireland should be avoided on the global investment playing field.

There is a risk that BOI could be damaged by ignorant meddling by the begrudgers in the Dept of Finance.

That is IMO the greatest threat to the stock, meddling by a socialist Govt hell bent on making Ireland's highly progressive taxation policy even more progressive.

Farmer Pudsey

ABC101 wrote: »

My own opinion is that the share price will probably hover around 25 to 28 cent range for the time being.

As the economy continues to improve, profits increase, losses and impairments reduce, BOI should get to the point where a dividend is being suggested. This is all good news coming down the tracks over the next number of years. The good news will put upward pressure on the SP.

I'm in BOI for the long term, perhaps next 25 years, we're hopefully the SP will be in several euro by then.

The one major concern I would have is that R.Boucher May now be more exposed to Govt interference. I believe the knives were out for Boucher some time ago....but W.R. Warned the DOF that if Boucher gets knifed W.R. and the other investors would pull out of BOI and in effect warning all investors that Ireland should be avoided on the global investment playing field.

There is a risk that BOI could be damaged by ignorant meddling by the begrudgers in the Dept of Finance.

That is IMO the greatest threat to the stock, meddling by a socialist Govt hell bent on making Ireland's highly progressive taxation policy even more progressive.

Government is only a minority shareholder in BOI so will have little influence other than thrugh Government policy. You also have to remember that next year the government want to sell some bank shares in the lead up to the election. The higher the price the better the feel good factor. If it interferes in banks it will scare away possible investors.

ABC101

Well they still have 14%, not a majority, but still sizeable. But in relation to R.Boucher and the fact that the DOF wanted his head on the chopping block, that is not my opinion, that was info I obtained from a person inside BOI.

Irish politicians adore populism, facts are an inconvience, I saw W.R as a counterweight against a meddling Govt, remember John Moran is leaving DOF, so the players on the pitch have changed.

Things are a bit more uncertain now.

AlmightyCushion

ABC101 wrote: »

Excuse my ignorance, but if W.Ross is selling at 26 to 28 cent, does that not mean somebody else is buying at those prices?

It's just a transfer of ownership, that right?

In relation to the ECB stress tests at year end, I believe BOI will pass those tests.

Of the few banks left operating in Ireland, BOI must be in the best condition, so if BOI were to fail, all the Other Irish banks would fail too. What's de ECB going to do, close down the entire Irish banking sector just because it does not meet the requirements?

Anybody any thoughts?

They wouldn't have to close down, they'd have to find a way to increase their capital reserves. Either the state pumps more money into them or they sell off a portion of their loan books or something like that.

Farmer Pudsey

If BOI fails the stress test at year end the EU will have serious issue. It is not just Irish banks. Banks accross Europe in Spain, Italy, Portagul and Greece will also be under pressure. EU monetary policy is under stress anyway. Interest rates are so low that they will have to lok at other way to stimulate economy. Last thing they need is the PIIGS needing to pump more money into banks or France for that matter.

In general AIB and BOI will pass. PTSB may be under pressure as it has huge Tracker liability and little business lending to counterbalance. However in it case a fudge to create a third banking force may sort the issue.

save_me_some

Seamus1964 wrote: »

You are 77 years old one of the richest person on earth.
You made over 500 million bucks over 3 years time period ,basically doing nothing.
What would be the very reason to be extra clever and wait still more to come?

because guys like him always want more , if he thought 50 cent was in sight within another three years , you can be sure he would have held on , he probably feels that we are heading in a hard left direction politically and that the likes of sinn fein in goverment , would strip him of his profits on bank of ireland

in reality , he is a man who is known for buying distressed assets , him leaving most likely means bank of ireland is just another stock now , no more 100% gains within a few years , i myself sold today , i thought the sell off would be far bigger but i think their are numerous other stocks ( and banks ) which offer the same returns as bank of ireland going forward, some of them also pay a dividend while i wait

bank of ireland has also been my most successfull stock investment since 2011

ABC101

Cantor Fitzgerald have a buy recommendation with a target of 35c a share based on FY17 results.

I do believe BoI has good news coming in the future, leaving out a GE in which Ireland becomes under the control of extreme Marxist socialist Govt.

Anything is possible!

quadrifoglio verde

ABC101 wrote: »

My own opinion is that the share price will probably hover around 25 to 28 cent range for the time being.

As the economy continues to improve, profits increase, losses and impairments reduce, BOI should get to the point where a dividend is being suggested. This is all good news coming down the tracks over the next number of years. The good news will put upward pressure on the SP.

I'm in BOI for the long term, perhaps next 25 years, we're hopefully the SP will be in several euro by then.

The one major concern I would have is that R.Boucher May now be more exposed to Govt interference. I believe the knives were out for Boucher some time ago....but W.R. Warned the DOF that if Boucher gets knifed W.R. and the other investors would pull out of BOI and in effect warning all investors that Ireland should be avoided on the global investment playing field.

There is a risk that BOI could be damaged by ignorant meddling by the begrudgers in the Dept of Finance.

That is IMO the greatest threat to the stock, meddling by a socialist Govt hell bent on making Ireland's highly progressive taxation policy even more progressive.

There's 32.3 billion shares in issue giving it a market cap of 8.9 capitalisation.
For the share price to reach 7 euro with the current amount of shares in issue, it'd have a market cap of 226.1 billion.
Even in 25 years I cannot see that happening unless Richie steers boi towards wall st and the next Goldman Sachs.

ABC101

quadrifoglio verde wrote: »

There's 32.3 billion shares in issue giving it a market cap of 8.9 capitalisation.
For the share price to reach 7 euro with the current amount of shares in issue, it'd have a market cap of 226.1 billion.
Even in 25 years I cannot see that happening unless Richie steers boi towards wall st and the next Goldman Sachs.

Very good point, however there could be share buy backs in the near future. about 2 years ago BoI were buying 50 mln shares at a time, not sure how much they bought in total, but I think it was around 250 mln shares.

Having said that, de share price was lower then, around 8 cent ( I think).

Maybe Wilbur is getting ready to buy AIB shares later on?

save_me_some

ABC101 wrote: »

Very good point, however there could be share buy backs in the near future. about 2 years ago BoI were buying 50 mln shares at a time, not sure how much they bought in total, but I think it was around 250 mln shares.

Having said that, de share price was lower then, around 8 cent ( I think).

Maybe Wilbur is getting ready to buy AIB shares later on?

surely there are not enough of them in circulation for it to be worth his while , with a mere 1% float, it leaves little room for offloading the kind of holdings mr ross undertakes

conditioned games

ABC101 wrote: »

As the economy continues to improve, profits increase, losses and impairments reduce, BOI should get to the point where a dividend is being suggested. This is all good news coming down the tracks over the next number of years. The good news will put upward pressure on the SP.

I'm in BOI for the long term, perhaps next 25 years, we're hopefully the SP will be in several euro by then.


There is a risk that BOI could be damaged by ignorant meddling by the begrudgers in the Dept of Finance.

That is IMO the greatest threat to the stock, meddling by a socialist Govt hell bent on making Ireland's highly progressive taxation policy even more progressive.

There are bigger risks than that to the future share price of BOI. Wilbur is one of many billionaires who have been quietly dumping stocks over the last few months. Others to exit the stock markets include Warren Buffett, George Soros and John Paulson.

Whats coming down the road in the international financial markets will make the fallout from 2008 look like a speed bump to the real thing. Thinking of holding on to BOI shares for the next few years is not the brightest of ideas. According to Wiedemer who predicted the last financial collaspe, says after the brief period of deflation this will be followed by a 90% stock market crash and hyper inflation. These people are billionaires because they know when to buy in and when to exit a stock market at the right time.