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BOI shares steadily rising... Worth a punt?

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    #332
    Amigomenor
    Registered Users Posts: 293 ✭✭Amigomenor


    so if your prediction comes true we are going to be a governmentless and lawless country with inflation escalating at enormous rates

    so the money in your bank wont buy yuou a loaf of bread so u might aswell gamble and see if u can make enough to buy lots of high inflationary loafs of bread or loose the lot and still not be able to buy a loaf of bread

    you are f***ed if you do and you are f^^^ked if you dont


    I believe it could go this way although I hope not.


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    #333
    Idu
    Registered Users Posts: 1,152 ✭✭✭Idu


    It's not gonna happen. It's a recession not armaggedon


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    #334
    TTNYWWBM
    Closed Accounts Posts: 89 ✭✭TTNYWWBM


    Why BOI + AIB are falling like meteors...

    Simple, Davy analysts reported this morning that Investors are bailing out from the shares because Brian Cowen announced NAMA bill will only be the finally draft before the July 4th Dail recess and then voted on in September!

    It was supposed to be a re convening of the Dail in July to pass it through, but he's a doofus and now economically was a better time to implement it!

    Simple as that! Badabing :(

    I'm wary of buying back in until most of the sell offs stop. ;)


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    #335
    jonnyj
    Registered Users Posts: 95 ✭✭jonnyj


    Gone back up to 1.82 this evening and AIB are gone up to 1.87.
    Have the Sell offs halted for a bit? anyone know or will we see in the morning!


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    #336
    TTNYWWBM
    Closed Accounts Posts: 89 ✭✭TTNYWWBM


    Sell offs vs buy tipped to 50:50 for 2 hours yesterday around the 1.56 mark, which was well below the TNAV for BOI, AIB turned around the same time.

    Looks like the start of a wee rally today, but it won't be anything like previous heights as NAMA has been postponed. Anyone who bought at 1.51 to 1.60 mark could sell at around 1.9*-2.** and let the price recede today or next week a next buy back.

    I think we should have normal fluctuations again for a few weeks on the run up to NAMA in September.


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    #337
    TTNYWWBM
    Closed Accounts Posts: 89 ✭✭TTNYWWBM


    Aha, smart money is selling at 1.95, half split sells a bit of bet hedging...

    BOI is now trading at wee bit above TNAV, it's danger zone... ;)


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    #338
    ranger4
    Registered Users Posts: 1,368 ✭✭✭ranger4


    TTNYWWBM wrote: »
    Aha, smart money is selling at 1.95, half split sells a bit of bet hedging...

    BOI is now trading at wee bit above TNAV, it's danger zone... ;)

    Boi- Aib sp could still have modest gains this afternoon.:D


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    #339
    Smcgie
    Registered Users Posts: 1,379 ✭✭✭Smcgie


    Hoping your right ranger. Very tempted to get out at €2. This post has come along way since I started it and hope people have made plenty of € :D


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    #340
    TTNYWWBM
    Closed Accounts Posts: 89 ✭✭TTNYWWBM


    ranger4 wrote: »
    Boi- Aib sp could still have modest gains this afternoon.:D

    You were saying... Have a look at your screens now! ;)


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    #341
    TTNYWWBM
    Closed Accounts Posts: 89 ✭✭TTNYWWBM


    http://www.rte.ie/business/2009/0619/boi.html

    Whoooah! Breaking News here!!!

    Keep or buy some shares in BOI as you then are eligible for buying cheaper shares on their right issue! ;)


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    #342
    pocketdooz
    Registered Users Posts: 1,559 ✭✭✭pocketdooz


    TTNYWWBM wrote: »
    http://www.rte.ie/business/2009/0619/boi.html

    Whoooah! Breaking News here!!!

    Keep or buy some shares in BOI as you then are eligible for buying cheaper shares on their right issue! ;)

    Davys are a pack of idiots and havent a clue imho

    I wouldn't pay any attention to what they have to say

    (My personal opinion)


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    #343
    royaler83
    Registered Users Posts: 497 ✭✭royaler83


    TTNYWWBM wrote: »
    http://www.rte.ie/business/2009/0619/boi.html

    Whoooah! Breaking News here!!!

    Keep or buy some shares in BOI as you then are eligible for buying cheaper shares on their right issue! ;)

    Not exactly breaking news in fairness, brokers and sunday papers predicting this for a long while, SP will drop then anyway, less risk that way


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    #344
    ranger4
    Registered Users Posts: 1,368 ✭✭✭ranger4


    TTNYWWBM wrote: »
    You were saying... Have a look at your screens now! ;)

    Yea, Nice spike at close for aib.:D


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    #345
    Daragh101
    Closed Accounts Posts: 585 ✭✭✭Daragh101


    TTNYWWBM wrote: »
    http://www.rte.ie/business/2009/0619/boi.html

    Whoooah! Breaking News here!!!

    Keep or buy some shares in BOI as you then are eligible for buying cheaper shares on their right issue! ;)


    what do you reckon the discount would be?


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    #346
    RebelGirrrl
    Closed Accounts Posts: 170 ✭✭RebelGirrrl


    So you'd expect a rise on Monday?


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    #347
    stepbar
    Closed Accounts Posts: 6,123 ✭✭✭stepbar


    pocketdooz wrote: »
    Davys are a pack of idiots and havent a clue imho

    I wouldn't pay any attention to what they have to say

    (My personal opinion)

    I wouldn't have much belief in what any stockbroker would have to say TBH.

    That being said I do believe that the BOI won't have to raise any more capital ( bar what was said in the original article). Just my opinion.


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    #348
    pirelli
    Registered Users Posts: 2,876 ✭✭✭pirelli


    June 19th CLOSE of trading NYSE CHART

    irejune19.png


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    #349
    silverharp
    Registered Users Posts: 17,840 ✭✭✭✭silverharp


    P, just to add to your chart as it seems to track the XLF pretty well, given that the XLF didnt confirm the S&P in June , it is looking weak here , hard to imagine the irish banks holding up if the US banks start correcting over the summer

    xlf.jpg

    A belief in gender identity involves a level of faith as there is nothing tangible to prove its existence which, as something divorced from the physical body, is similar to the idea of a soul. - Colette Colfer



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    #350
    pirelli
    Registered Users Posts: 2,876 ✭✭✭pirelli


    silverharp wrote: »
    P, just to add to your chart as it seems to track the XLF pretty well, given that the XLF didnt confirm the S&P in June , it is looking weak here , hard to imagine the irish banks holding up if the US banks start correcting over the summer

    True but if you look at barclays and other cross atlantic banks they are most resilient when the S&P financials fall. If london or dublin post a positive gain and JP morgan/citi/bank of america NYSE and financials decline. Buyers will jump onto the Irish or london banks. It's seems we can have more of an advantage, but of course if barclays has a bad day in london it will open lower on the NYSE and follow NYSE trend.


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    #351
    silverharp
    Registered Users Posts: 17,840 ✭✭✭✭silverharp


    pirelli wrote: »
    True but if you look at barclays and other cross atlantic banks they are most resilient when the S&P financials fall. If london or dublin post a positive gain and JP morgan/citi/bank of america NYSE and financials decline. Buyers will jump onto the Irish or london banks. It's seems we can have more of an advantage, but of course if barclays has a bad day in london it will open lower on the NYSE and follow NYSE trend.

    I havnt looked at US versus orther banks stocks but I cant imagine any out performance would last for long, directionaly they will be the same over the intermdiate term

    A belief in gender identity involves a level of faith as there is nothing tangible to prove its existence which, as something divorced from the physical body, is similar to the idea of a soul. - Colette Colfer



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    #352
    jonnyj
    Registered Users Posts: 95 ✭✭jonnyj


    Anyone know if the Bank of Ireland AGM is on this Friday. Just heard it from a fella is it true?


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    #353
    TTNYWWBM
    Closed Accounts Posts: 89 ✭✭TTNYWWBM


    AGC is on Friday July 3rd O'Reilly Hall UCD, Belfield D4.
    Starting 11.00

    BOI trading is awful cagey at the moment, decent size sells all day today 10k to 30k chunks, further split into little buys...

    THE SMART MONEY buckos bailed today at approx 1.75 to 1.78, IMHO I think the price will fall on average a bit on the run up to Friday to see what transpires.

    NAMA haircuts are to be variable based on the 'quality' of each toxic debt. It will be interesting to see if this is discussed!


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    #354
    AntiRip
    Closed Accounts Posts: 2,244 ✭✭✭AntiRip


    TTNYWWBM wrote: »
    AGC is on Friday July 3rd O'Reilly Hall UCD, Belfield D4.
    Starting 11.00

    BOI trading is awful cagey at the moment, decent size sells all day today 10k to 30k chunks, further split into little buys...

    THE SMART MONEY buckos bailed today at approx 1.75 to 1.78, IMHO I think the price will fall on average a bit on the run up to Friday to see what transpires.

    NAMA haircuts are to be variable based on the 'quality' of each toxic debt. It will be interesting to see if this is discussed!

    Any chance we'll see 2euros a share soon?


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    #355
    AntiRip
    Closed Accounts Posts: 2,244 ✭✭✭AntiRip


    Read in an investors forum that as the dollar is getting weaker towards 1,50-/EUR , DOW will most probably reach 9.3000 & BoI will most probably jump to 2.50 per share . The DOW 9.300 will provide guidance .
    The good news : the ECB is providing practically without limits 1 year financing to the banks against collateral, without paying too much attention to the quality of the collateral, which means that if the banks do not need capital to cover some losses then this money will be pouring in the economy .
    !!! THROUGH THE NAMA CONCEPT IRELAND IS INSURING THAT THE BANKS WILL CHANEL THIS MONEY INTO THE ECONOMY AS THE BANK LOSSES WILL BE COVERED UPFRONT . NO OTHER COUNTRY IS DOING THIS !!!


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    #356
    TTNYWWBM
    Closed Accounts Posts: 89 ✭✭TTNYWWBM


    AntiRip wrote: »
    Read in an investors forum that as the dollar is getting weaker towards 1,50-/EUR , DOW will most probably reach 9.3000 & BoI will most probably jump to 2.50 per share . The DOW 9.300 will provide guidance .
    The good news : the ECB is providing practically without limits 1 year financing to the banks against collateral, without paying too much attention to the quality of the collateral, which means that if the banks do not need capital to cover some losses then this money will be pouring in the economy .
    !!! THROUGH THE NAMA CONCEPT IRELAND IS INSURING THAT THE BANKS WILL CHANEL THIS MONEY INTO THE ECONOMY AS THE BANK LOSSES WILL BE COVERED UPFRONT . NO OTHER COUNTRY IS DOING THIS !!!

    Very very interesting please add links to any press articles on this!

    I heard rumblings on something quite similar but I think this already lifted prices quite suddenly from the 1.60s to around 1.75 on Monday, kept in the air further by punter buys today, and before closing today 1.685.

    Early on today 10k to 30k blocks were being sold off while the price rose, quite unusual, smaller volume punter bids were keeping the stock price rising, in partial buys, while smarts kept putting up blocks for sale. This petered out about 3ish today. See the graph and a few trades off the end of today attached...

    feed://www.ecb.int/rss/press.html I don't see anything corroborating your post – please add links!


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    #357
    jonnyj
    Registered Users Posts: 95 ✭✭jonnyj


    Ya I was thinking they might fall comming up to Friday.


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    #358
    ixus
    Registered Users Posts: 2,436 ✭✭✭ixus


    AntiRip wrote: »
    Read in an investors forum that as the dollar is getting weaker towards 1,50-/EUR , DOW will most probably reach 9.3000 & BoI will most probably jump to 2.50 per share . The DOW 9.300 will provide guidance .
    The good news : the ECB is providing practically without limits 1 year financing to the banks against collateral, without paying too much attention to the quality of the collateral, which means that if the banks do not need capital to cover some losses then this money will be pouring in the economy .
    !!! THROUGH THE NAMA CONCEPT IRELAND IS INSURING THAT THE BANKS WILL CHANEL THIS MONEY INTO THE ECONOMY AS THE BANK LOSSES WILL BE COVERED UPFRONT . NO OTHER COUNTRY IS DOING THIS !!!

    1. RE: Collateral, it's simply prolonging the pain, kicking the can down the road etc.
    2. Would appreciate it if you would provide links to back up your analysis/thoughts on ECB/collateral issues. It can be difficult for some readers to follow sometimes (including myself) as it's a pretty technical subject.
    3. I'd love to see the analysis (or link to the forum you mentioned) that shows the correlation between the DOW, the dollar and BOI.


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    #359
    TTNYWWBM
    Closed Accounts Posts: 89 ✭✭TTNYWWBM


    See attached first, I will edit this message to add more!

    _________________edit

    There were a few dinky 15 block trades this morning to push the price up, this is highly frowned upon!

    The Mr Bigs are selling yesterday and Monday, so please don;t be fooled into thinking this is a rally!
    Cute hoooors are trying to shift at 1.75+ so IMHO this is not a good time to buy!

    I see a few 3ks went through now, lads please don't be fooled today, I will keep u posted!

    _________________edit

    IMHO I forgot to state the obvious, that if ye have a few right now to sell is the time to take advantage of the 1.74!


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    #360
    TTNYWWBM
    Closed Accounts Posts: 89 ✭✭TTNYWWBM


    See attached, the share price went from 1.69 to 1.79 in 4 trades, most just 15 shares, this might temporarily boost the price but this will drop very quickly back! :mad: Highly Unethical! :mad:

    Notice the ? Vol. column starts after trade 9, now the price is falling back to sensible.
    ________________edit

    There will be more opportune times to buy back than 1.7* IMHO!


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    #361
    ranger4
    Registered Users Posts: 1,368 ✭✭✭ranger4


    Wonder will a possible rights issue with boi be discussed at fridays agm?


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