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BOI shares steadily rising... Worth a punt?

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    #3392
    Farmer Pudsey
    Registered Users Posts: 6,326 ✭✭✭Farmer Pudsey


    Ace2007 wrote: »
    What do you think will happen at 40 cent?

    When shares reach certain points you get what is known as profit taking. This where inviduals sell shares and eith leave that share alltogeather or consider it over valued and hope to get back in at a lower price. At present that level seems to be when we hit about 32-35c/share.

    However if BOI hit 40c(I do not think it will for another while(I may be wrong) it could well trigger large scale sell off those that came in at sub 20c/share will be doubling there money.


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    #3393
    caoty
    Registered Users Posts: 174 ✭✭caoty


    Probably a ranged fluctuation until more information on the fundamentals is available although I still see large potential about 40 cents in the long term.
    Ace2007 wrote: »
    What do you think will happen at 40 cent?


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    #3394
    TheSetMiner
    Registered Users Posts: 225 ✭✭TheSetMiner


    Anyone considering shorting BOI on a CFD account if and when it hits the 40c mark in anticipation of some major profit-taking?


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    #3395
    euroboom13
    Registered Users Posts: 650 ✭✭✭euroboom13


    TheSetMiner wrote: »
    Anyone considering shorting BOI on a CFD account if and when it hits the 40c mark in anticipation of some major profit-taking?

    In the first place I still think shorting is banned and secondly since we are only at 33c , do you not think you should be going long to 40c ,rather than waiting till 40 to catch a short ???seems a tad backwards??


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    #3396
    TheSetMiner
    Registered Users Posts: 225 ✭✭TheSetMiner


    euroboom13 wrote: »
    In the first place I still think shorting is banned and secondly since we are only at 33c , do you not think you should be going long to 40c ,rather than waiting till 40 to catch a short ???seems a tad backwards??
    I'm new, sorry, didn't know of any ban.

    You're dead right, long to 40c and short then, if possible, sounds good.


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    #3397
    Sonnenblumen
    Registered Users Posts: 5,834 ✭✭✭Sonnenblumen


    It's going to be a long wait!


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    #3398
    Amirani
    Moderators, Society & Culture Moderators Posts: 12,522 Mod ✭✭✭✭Amirani


    Delisting from the NYSE announced yesterday.


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    #3399
    the butcher
    Registered Users Posts: 591 ✭✭✭the butcher


    Diego Simeone wrote: »
    Delisting from the NYSE announced yesterday.

    Delisting it so they can benefit from "reduced administrative complexity". Only 5% of trades come from there, majority comes from Ireland/UK.


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    #3400
    Amirani
    Moderators, Society & Culture Moderators Posts: 12,522 Mod ✭✭✭✭Amirani


    the butcher wrote: »
    Delisting it so they can benefit from "reduced administrative complexity". Only 5% of trades come from there, majority comes from Ireland/UK.

    Exactly.


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    #3401
    JohnK
    Registered Users Posts: 4,780 ✭✭✭JohnK


    So what happens to the shares that have been bought via NYSE in that case?


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    #3402
    ABC101
    Closed Accounts Posts: 1,118 ✭✭✭ABC101


    Since the announcement of QE, BoI appears to be struggling!!


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    #3403
    Farmer Pudsey
    Registered Users Posts: 6,326 ✭✭✭Farmer Pudsey


    ABC101 wrote: »
    Since the announcement of QE, BoI appears to be struggling!!

    Greek elections have bigger influence I say


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    #3404
    ABC101
    Closed Accounts Posts: 1,118 ✭✭✭ABC101


    Farmer Pudsey wrote: »
    Greek elections have bigger influence I say

    Don't forget Spanish elections in December..... apparently there is a anti austerity party polling strongly in 2nd place at the moment.


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    #3405
    Bateman
    Registered Users Posts: 4,818 ✭✭✭Bateman


    Yes, Podemos (We can) are likely to poll very strongly, and problems are continuing to mount for the PP


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    #3406
    bener
    Registered Users Posts: 89 ✭✭bener


    27c now.... Is worth buying a few???


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    #3407
    ABC101
    Closed Accounts Posts: 1,118 ✭✭✭ABC101


    bener wrote: »
    27c now.... Is worth buying a few???

    I think they will go lower.

    I suspect that investors are withdrawing money from the periphery of europe due to the Greek election result.


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    #3408
    Amirani
    Moderators, Society & Culture Moderators Posts: 12,522 Mod ✭✭✭✭Amirani


    ABC101 wrote: »
    I think they will go lower.

    I suspect that investors are withdrawing money from the periphery of europe due to the Greek election result.

    Central Bank mortgage rules will probably be putting some negative pressure on the price in the short term too.


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    #3409
    dasdog
    Registered Users Posts: 3,537 ✭✭✭dasdog


    Diego Simeone wrote: »
    Central Bank mortgage rules will probably be putting some negative pressure on the price in the short term too.

    I've no interest in this any more (reasonable profit taken last year) or any other Irish financial but I would think this. It could be anecdotal but I saw a buy @ $0.24 (US) flash through tradingfloor very early last week or late the previous and thought it was unusual for and Irish stock to appear.

    Said it to a small holder and got laughed at.


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    #3410
    seanynova
    Registered Users Posts: 1,137 ✭✭✭seanynova


    JohnK wrote: »
    So what happens to the shares that have been bought via NYSE in that case?


    Anyone know what happens NYSE bought shares?
    The notice talks about surrender of shares by April 2016 (1year after termination of the ADR programme).


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    #3411
    lucky john
    Registered Users Posts: 838 ✭✭✭lucky john


    seanynova wrote: »
    Anyone know what happens NYSE bought shares?
    The notice talks about surrender of shares by April 2016 (1year after termination of the ADR programme).




    As far as i know. You can selI ire on the market now. You can swap each ire for 40 uk/ irish shares before April. you can hang on to ire until April 2016 at which time they will be sold for you and the proceeds given to you.


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    #3412
    seanynova
    Registered Users Posts: 1,137 ✭✭✭seanynova


    lucky john wrote: »
    As far as i know. You can selI ire on the market now. You can swap each ire for 40 uk/ irish shares before April. you can hang on to ire until April 2016 at which time they will be sold for you and the proceeds given to you.

    Thanks lucky john, makes sense I suppose. I sold out anyway as I can only hold TSX and NYSE shares.


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    #3413
    fadofado
    Registered Users Posts: 42 ✭fadofado


    Think they will be circa 75c by years end.


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    #3414
    Farmer Pudsey
    Registered Users Posts: 6,326 ✭✭✭Farmer Pudsey


    fadofado wrote: »
    Think they will be circa 75c by years end.

    They won't


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    #3415
    Amirani
    Moderators, Society & Culture Moderators Posts: 12,522 Mod ✭✭✭✭Amirani


    fadofado wrote: »
    Think they will be circa 75c by years end.

    Not a chance. In around 40c would be a good target to hope for.


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    #3416
    Seamus1964
    Closed Accounts Posts: 502 ✭✭✭Seamus1964


    fadofado wrote: »
    Think they will be circa 75c by years end.

    :D Completely out of the blue :D


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    #3417
    dibs101
    Registered Users Posts: 346 ✭✭dibs101


    fadofado wrote: »
    Think they will be circa 75c by years end.

    Anything other than rubbing your crystal ball that has made you come to this conclusion?


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    #3418
    ABC101
    Closed Accounts Posts: 1,118 ✭✭✭ABC101


    75c by year end!! Not a chance.

    It has been noticeable how the BoI SP has fluctuated with the Greek situation.

    I suspect if Greece leaves the euro.... there will be a flight of investors from the euro peripheral nations including Ireland and BoI.

    Things sure are very unstable at the moment. What I am hoping for is that the full year 2014 results (due in March?) will lift the SP a touch, perhaps closer to 35c.... but then profit taking will drive it down again.

    On the plus front.... unemployment continues to drop, property is rising nationwide.... QE has started... these are all plus points.

    The euro has weakened remarkably, which can boost exports, and oil has dropped which can again stimulate activity.


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    #3419
    lucky john
    Registered Users Posts: 838 ✭✭✭lucky john


    FY2014 results will be on Friday the 27th of February.


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    #3420
    MUFC91CS
    Registered Users Posts: 325 ✭✭MUFC91CS


    After hitting .31 now


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    #3421
    ranger4
    Registered Users Posts: 1,368 ✭✭✭ranger4


    SP has now broke through 0.31c resistance i expect sp to be back testing next resistance at 0.35c by next friday on run upto FYR next friday as long as greece situation doesnt backfire.


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