AIB - creeping opportunity?

Sonnenblumen

Noticed some significant upward movement with AIB SP, anyone know why? Recent daily gains of 25% cannot be ignored?

My money is on BoI but another undervalued horse might be worth consideration.;)

neil.p.b

Sonnenblumen wrote: »

another undervalued horse might be worth consideration.;)

AIB is now worth about twice what it was in the peak of 2007, pretty astonishing when you also consider it has sold off the bulk of the profitable parts of its business.

2 stroke

Considering the tiny percentage (0.00075% by my calculation) of aib shares traded on wednesday, is it wise to extrapolate their worth from sp.

neil.p.b

'Worth' was the wrong word to use in my post, i should have said valued.

ranger4

Wouldnt touch aib with a barge pole, Can see a major correction on cards for SP, Bkir now largest and best postioned irish bank set to benifit from economic recovery.

karltimber

Yes - was a good increase alright.

In at 0.075 and out at approx 0.12 so a good week or two. won't do that again, nerves in bits

But yes - not sure why - even the pink sheet traded US aib - aibyy - has done the same, so really not sure.

possibly on the coat tails of BOI.

K

homer911

Has hit .14 today..

ranger4

I wonder could a foreign bank be interested in taking over aib, IF such news was to break SP would probabaly increase further however i would be wary of getting Locked in by investing in this shell of a bank.

shangri la

You would put your money in to this share without knowing all the facts?

Bluefox21

shangri la wrote: »

You would put your money in to this share without knowing all the facts?

Whatever about BKIR. I cannot understand how AIB is worth more than .01c. Shows what I know

ranger4

Bluefox21 wrote: »

Whatever about BKIR. I cannot understand how AIB is worth more than .01c. Shows what I know

Seems Gov are trying to keep this shell afloat long enough to possibly see it sold off Now we have a better idea, Govn to guarantee 75% of all new loans to SMEs to help develope 200,000 new jobs

Yes and all loans will be managed through AIB, thus reason for recent SP gains,

Still wouldnt touch it with a barge pole.

AP_MAN

retrace started...

Salaas

Really not sure which way to hop with the banks.
AIB shares are rock bottom nearly and Bank of Ireland isn't too far off.
So the question rises if they will be around to reap benefits. As it is Bank of Ireland seems to be kept as a pillar bank so might be better to invest there but again not sure.

Anyone have any other information regarding them?

Sonnenblumen

AIB + 14% on Fri, but + 50% since end Jan. For anyone looking to make quick money, AIB certainly looks like a good Bed and Breakfast Penny share play at the mo, until the music stops.

The potential gains are there and cannot be ignored?

The Pontiac

Can someone please explain to me how AIB has a market cap of €62bn?

That's more than double its valuation during the peak of the Celtic Tiger years.

Bluefox21

Sonnenblumen wrote: »

AIB + 14% on Fri, but + 50% since end Jan. For anyone looking to make quick money, AIB certainly looks like a good Bed and Breakfast Penny share play at the mo, until the music stops.

The potential gains are there and cannot be ignored?

It's a penny share valued at 12c! Avoid at all costs.

Sonnenblumen

Bluefox21 wrote: »

It's a penny share valued at 12c! Avoid at all costs.

Roll the dice;)

neil.p.b

<Ollie> wrote: »

Can someone please explain to me how AIB has a market cap of €62bn?

That's more than double its valuation during the peak of the Celtic Tiger years.

No. Purely a traders share now. Anyone buying into as an investment at these prices is insane imo.

The Pontiac

neil.p.b wrote: »

No. Purely a traders share now. Anyone buying into as an investment at these prices is insane imo.

Thought so. Pure madness.

Bluefox21

Up to 14c which is bizarre! Surely a put option at this price is free money!

whysomoody

Bluefox21 wrote: »

Up to 14c which is bizarre! Surely a put option at this price is free money!

I think the ban on shorting the banks is still in play, and i'd imagine the put option is pretty expensive at this stage.

However it is now the 5th biggest company in europe, methinks its going plonk.