AIB 99.8% Nationalised

liammur

I'm reading AIB are 99.8% nationalised, but the government aren't diluting existing shareholders. Seems more of the same to me. Then on the other hand they are completely wiping out shareholders in IL&P. A bank that has cost by far the least to bailout. Can anyone explain this anomaly?
We need consistency and fairness.

later12

Whilst wiping out these shareholders is unlikely to do anything beneficial, (except perhaps provoke an egg/food fight, which is always faintly amusing anyway and lifts the shareholders' hearts more than their share price might, I imagine) I think that is a legitimate question.

The story, or what is mentioned of it, is here:

http://www.independent.ie/business/irish/state-owns-998pc-of-aib-as-banks-revamped-2811522.html

edit: I should add it is inaccurate to suggest that the government are completely wiping out shareholders in IL&P.

liammur

later10 wrote: »

Whilst wiping out these shareholders is unlikely to do anything beneficial, (except perhaps provoke an egg/food fight, which is always faintly amusing anyway and lifts the shareholders' hearts more than their share price might, I imagine) I think that is a legitimate question.

The story, or what is mentioned of it, is here:

http://www.independent.ie/business/irish/state-owns-998pc-of-aib-as-banks-revamped-2811522.html

edit: I should add it is inaccurate to suggest that the government are completely wiping out shareholders in IL&P.

AIB is trading at 14c
IL&P share price is trading @ 2.9c, with the threat of complete nationalisation hanging over it.

pog it

I don't think they will completely nationalise any of the banks or IL&P even.