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AIB hitting 7c today (16/1/13)

  • 16-01-2013 01:47PM
    #1
    homer911
    Registered Users, Registered Users 2 Posts: 5,163 ✭✭✭


    Too early to jump in, even with a small stake?


Comments

  • #2
    BrokenArrows
    Registered Users, Registered Users 2 Posts: 7,529 ✭✭✭BrokenArrows


    Im considering getting in for a short term gamble.


  • #3
    grange mac
    Registered Users, Registered Users 2 Posts: 901 ✭✭✭grange mac


    Dont think aib is worth 30bn in share cap...quick in and out may be ok but buy n hold and you will be wiped out as gov owns circa 95%


  • #4
    grange mac
    Registered Users, Registered Users 2 Posts: 901 ✭✭✭grange mac


    Dont think aib is worth 30bn in share cap...quick in and out may be ok but buy n hold and you will be wiped out as gov owns circa 95%


  • #5
    smcgiff
    Closed Accounts Posts: 5,943 ✭✭✭smcgiff


    Would prefer BOI - but wouldn't be putting the house on it.


  • #6
    Fitz123
    Registered Users, Registered Users 2 Posts: 166 ✭✭Fitz123


    As a general buy and hold investor I would be very reluctant to buy AIB. They currently have 513 billion shares outstanding, giving them a market cap of €37.7 billion. Granted this is not liquid as the govt almost own it all, but I believe they value their shares at 1c rather than the current market price of 7c.

    Given the reluctance of most Irish banks to write down debt, but a preference to kick the can down the road as much as possible it is very difficult to estimate whether the capital cushion that is there is enough. S & P don't seem to think so

    http://www.rte.ie/news/2013/0116/irish-banks-will-need-more-capital-sps-business.html

    Will be interesting to see how the personal insolvency legislation will effect things.

    Personally I'd avoid all Irish banks, but if I did have to pick one to invest in, it probably would be BOI, not AIB. There may be an opportunity for trading in and out here, but that's not for everyone.


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  • #7
    liamjames1
    Registered Users, Registered Users 2 Posts: 63 ✭✭liamjames1


    can believe there is movement in AIBs share price, shows how little clue the market has


  • #8
    ranger4
    Registered Users, Registered Users 2 Posts: 1,372 ✭✭✭ranger4


    smcgiff wrote: »
    Would prefer BOI - but wouldn't be putting the house on it.

    Will be interesting to see "IF" 14c Resistance is broke tomorrow, Ifso i expect re-test of Q1 2012 15c high.


  • #9
    euroboom13
    Registered Users, Registered Users 2 Posts: 650 ✭✭✭euroboom13


    People had no interest in aib at 3.5 or 5 cent ...and now @ 7 there worth a punt...

    no volumes worth talking bout...

    But

    strange things happening in equities(banks especialy)

    so who knows

    Banks are great bet for 2013 but aib needs a wilbur ross

    boi has one!!

    barclays
    rbs
    soc gen
    bankia

    going great!!!!!


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