How To Buy BOI Shares

kenneth66c

I'd like to buy €1000 worth of BOI shares as a long term investment, whats the simplest and cheapest way to do this? I live in Ireland

plasmin

kenneth66c wrote: »

I'd like to buy €1000 worth of BOI shares as a long term investment, whats the simplest and cheapest way to do this? I live in Ireland

Go to AIB with your identification and proof of address. Should be easiest way to buy but they will charge appx 100 as fees.

maddragon

cais wrote: »

Go to AIB with your identification and proof of address. Should be easiest way to buy but they will charge appx 100 as fees.

They'll charge 1.25% or €32 whichever is higher (€32 in your case) + 1% stamp duty so €42.

kenneth66c

thanks for the replies, its my first time using BOARDS.ie, wasn't expecting anyone to answer, so thanks again

TG860

maddragon wrote: »

They'll charge 1.25% or €32 whichever is higher (€32 in your case) + 1% stamp duty so €42.

I'm guessing you also have to pay the annual account maintenance charge?

http://www.aib.ie/servlet/Satellite?pagename=ShareDealing/sdo_main&section=S004

Or would you know if it is possible to just make a once-off purchase?

plasmin

TG860 wrote: »

I'm guessing you also have to pay the annual account maintenance charge?

http://www.aib.ie/servlet/Satellite?pagename=ShareDealing/sdo_main&section=S004

Or would you know if it is possible to just make a once-off purchase?

I think annual charge applies if you are opening online trading account. But if you just walk in bank for shares this may not be the case.

monster_mouse

im with TD investing , much cheaper than davy , goodbodies or any of the irish brokers who are all rip of merchants , if you only want to buy bank of Ireland and hold it , sign up for an online execution only service with TD and you wont spend anymore than 25 euro to buy and around 50 euro per year in management fees , the irish brokers charge a percentage value on every transaction

Phoebas

cais wrote: »

Go to AIB with your identification and proof of address. Should be easiest way to buy but they will charge appx 100 as fees.

Do you end up with a physical share certificate or do they operate an account for you?

radioactiveman

Hi OP check out some of the online brokers. They're much cheaper. AIB tend to have high enough charges (in fact all of the Irish brokers do).

Also check out some other banks before you buy. There are some very fairly valued banks out there at the moment that are in much better shape than Bank of Ireland - some european banks aren't as bad, some american banks are in good shape (US bancorp, wells fargo got through the crisis ok, even bank of america although you'd have to research them),

There's a lot of risk in Irish banks, the tracker mortgages they're holding could be a problem if growth comes back and ECB rates rise, those loans could be in difficulty?

padjocollins

hi everyone,

Sorry if this is such a basic question. I"m looking for the easiest (online) and cheapest way to invest in a company quoted on the london AIM.
I have my money in a bank account (online) in Ireland but am living in Germany.

I looked at signing up from a few British popular share dealing sites but the signup process required you to be british or else have proof of british redicency.

Thanks very much for any help.

Pat

OO7FITZY

Folks - New to all this and read all the posts with great interest...

I have some questions I hope you can help me with.

I am reading an old newspaper article in Independent.ie and did not see some of the traders called out - http://www.independent.ie/business/i...-26828219.html

According to the report, Sommerville advisory markets (SAM) are cheap and reliable? Anyone any info on them?

Also any experience with Danske Bank (formally NIB)?

or Sharewatch?

Another question and apols if this is a silly one as I am starting from scratch but the shares I buy, will I receive a dividend if the business can pay it?
Secondly how "secure" are these online trading houses, if they go pop will the state guarantee me up to 100K?

Appreciate it if someone could help with this?

NickMondo

i'm looking to short boi shares, i applied to open a few accounts then while waiting opened a demo with delta index. They hadn't boi shares listed so shorting wasn't an option, lots of these sites don't offer demo's so how do I check if boi shares are available to trade on? I entered BOI into the tddirect place and they had no search results as well

bit of a bogey

What do people think of BOI shares in general? I know its very high risk but I'm thinking of buying some myself.....

highgiant1985

bit of a bogey wrote: »

What do people think of BOI shares in general? I know its very high risk but I'm thinking of buying some myself.....

I personally don't have confidence in BOI however that is only my opinion and I couldn't say if BOI shares represent good or bad value just that I don't have confidence in the people / the business that I've dealt with.

Value Hunter

bit of a bogey wrote: »

What do people think of BOI shares in general? I know its very high risk but I'm thinking of buying some myself.....

Its way overvalued

HobbyMan

Value Hunter wrote: »

Its way overvalued

I agree but unfortunately that doesn't stop share prices from increasing further. :eek:

OO7FITZY

Folks - New to all this and read all the posts with great interest...

I have some questions I hope you can help me with.

Apols if this is a silly one as I am starting from scratch but the shares I buy, will I receive a dividend if the business can pay it? Do a need to buy a particular type of share?
Secondly how "secure" are these online trading houses, if they go pop will the state guarantee me up to 100K?

Appreciate it if someone could help with this?

Geuze

Yes, shareholders receive dividends, if the company pays them.

I don't know if BoI pay dividends.

No, the stockbroker through which you buy the shares does not guarantee anything. They are simply an agent who executes the transaction on the stock market on your behalf.

In the same way as estate agents don't guarantee that house prices will stay up.

Share prices can fall and rise.

Geuze

OO7FITZY wrote: »

F
Secondly how "secure" are these online trading houses, if they go pop will the state guarantee me up to 100K?

NO.

That just applies to deposits in banks in Ireland, not to cash/value held in a stockbroker's account.

OO7FITZY

thx for the feedback - so I understand correctly, if the broker goes bust (assuming I go with http://www.tddirectinvesting.ie/, who look like the most reasonable), then I still own the shares regardless, correct?

Secondly, I remember something called a "preference share" which only pays out a dividend, is this correct?
So when buying shares do I need to look for a particular type of share if I want a dividend (assuming the company can pay one), do I get a dividend regardless of the type of share I own?

OO7FITZY

Does anyone have any advice here? Like I asked above, do I need to specify the type of share I buy (in order to get a dividend) or is it a case of all publicly quoted and available share pay a dividend (at the business' discretion, obviously)

capailldubh

I have shares with the above house and often wondered the same thing.
If they did go wallop, can I recover the shares I hold in my account?

userfriendly2

Hi guys,
2 years later and I'm wondering if anything has changed in regards peoples advice etc?? I want to buy BOI shares and I am looking for any up to date information. I would like to try and avoid online trader accounts as they scare the b'jeebuz out of me and I haven't a notion as to the first step to take. Is there anyone I can call or do I just walk into an AIB branch, simple as that? I would really appreciate a conversation with anybody who is genuinely in the know with regard to this sort of thing.
Thanks a lot in advance

Prezatch

userfriendly2 wrote: »

Hi guys,
2 years later and I'm wondering if anything has changed in regards peoples advice etc?? I want to buy BOI shares and I am looking for any up to date information. I would like to try and avoid online trader accounts as they scare the b'jeebuz out of me and I haven't a notion as to the first step to take. Is there anyone I can call or do I just walk into an AIB branch, simple as that? I would really appreciate a conversation with anybody who is genuinely in the know with regard to this sort of thing.
Thanks a lot in advance

There are plenty of threads on the board about beginners starting out. Couple of points:

• Online stockbrokers are the cheapest (Degiro). They're not scary or complex
• AIB haven't done share dealing in a few years now
• We are in a very volatile market at the moment, BOI could go either way
• I think you need to do A LOT more research not just on BOI but on investing in general before you part with your hard earned cash

Sonnenblumen

JoeyD wrote: »

There are plenty of threads on the board about beginners starting out. Couple of points:

• Online stockbrokers are the cheapest (Degiro). They're not scary or complex
• AIB haven't done share dealing in a few years now
• We are in a very volatile market at the moment, BOI could go either way
• I think you need to do A LOT more research not just on BOI but on investing in general before you part with your hard earned cash

Plenty of sense there, but I would also add, when selecting a broker, you need to decide do you wish to retain a piece of paper ie Share Certificates, in which case many of the cheaper Broker options including DeGiro will not provide this service. Personally I always prefer to hold share certs

JoeyD

JoeyD wrote: »

There are plenty of threads on the board about beginners starting out. Couple of points:

• We are in a very volatile market at the moment, BOI could go either way

And this is why I'm over here; I notice Bank of Ireland shares are now down to 27 cent today. What is going on that they are so low again?

Why are they struggling to increase their share price, now that their profits are enormous once again?

Prezatch

Deleted User wrote: »

And this is why I'm over here; I notice Bank of Ireland shares are now down to 27 cent today. What is going on that they are so low again?

Why are they struggling to increase their share price, now that their profits are enormous once again?

All of the European banks are well down and trading at quite a discount for the potential buyer, but they'll have their day. You only have to look at Deutsche, UBS, Credit Swiss etc. to see that BOI aren't exactly alone out there.

daheff

JoeyD wrote: »

All of the European banks are well down and trading at quite a discount for the potential buyer, but they'll have their day. You only have to look at Deutsche, UBS, Credit Swiss etc. to see that BOI aren't exactly alone out there.

and dont forget the upcoming election. Markets dont like to uncertainty...and theres quite a bit now about who will be in the next govt.

I suspect plenty of intl investors have pulled their money because of these reasons.

for me, when a govt is formed and BOI have their next profit announcement, I would expect price to head back towards 40c mark (espec if there are divs mentioned).

lucky john

FY15 results are on Monday morning next.

Dave876

I'm hoping that's not why 4% was wiped off them on Friday and some people know something we don't!

Fingers and toes crossed there positive!

userfriendly2

I personally am hoping that it is the right time to buy as that is exactly what I have done. Results look set to be strong tomorrow from what I have read and the future outlook for BOI appears to be positive. Hopefully this lull in SP is down to election uncertainty and flailing confidence in banking stocks internationally... I'm all in for the medium term either way.. 2021 here I come!!!


I called up campbell and company stockbrokers based in Dublin.. Very easy procedure to follow and within a few days I was setup with an execution only account (requires no ongoing fees as I simply tell them which shares to buy) and purchased my first BOI shares through them in certified paper form.

Amirani

Yesterday's Brexit news may damper the reaction to today's results.