AIB shares ordinary shares sell or hold?

LoveChanel

Hi guys just trying to decide on selling or holding onto my AIB shares.
I bought the shares when they were 0.064cent and today they are sticking around the .14cent mark.
They have been quite stationary for awhile now and It's pretty much a dead in the water bank at the moment.
I've done pretty ok with BOI shares, I got them at 0.094c and now that they have fallen back down to .299c I was wondering should I sell AIB and re-invest in BOI?
All comments and advice would be great! =]

Bizness

My opinion sell AIB and invest elsewhere (e.g. weakness in BOI, but also with a bit of a health warning). Various articles on this ludicrous valuation of AIB.
Back in the peak, AIB valuation was €72 bn, or an heroic 12 times NAV.
Now the market cap is back up to €73 odd bn, purely based on speculative buying.

http://www.irishtimes.com/business/sectors/financial-services/value-of-state-holdings-in-aib-and-boi-up-by-34-1.1650178

lucky john

LoveChanel wrote: »

Hi guys just trying to decide on selling or holding onto my AIB shares.
I bought the shares when they were 0.064cent and today they are sticking around the .14cent mark.
They have been quite stationary for awhile now and It's pretty much a dead in the water bank at the moment.
I've done pretty ok with BOI shares, I got them at 0.094c and now that they have fallen back down to .299c I was wondering should I sell AIB and re-invest in BOI?
All comments and advice would be great! =]

There is no sane reason for aib to be at 14c. I saw someone suggest a fair value of 2.5c and personally I think that even generous. How is it even possible to price a company with only .02% of it's shares floating. If I was lucky enough to have made the profit you have I would defo be banking it. Now I'm not saying that there's not people out there willing to still buy and push up the price but a bit more but the day of reckoning will come for sure.

If you do sell aib and are happy to invest again with a 2 or 3 year term in mind then I think boi would be a very profitable option.

mickman

i would sell also. but its your choice

euroboom13

Sell and buy boi

LoveChanel

Bizness wrote: »

My opinion sell AIB and invest elsewhere (e.g. weakness in BOI, but also with a bit of a health warning). Various articles on this ludicrous valuation of AIB.
Back in the peak, AIB valuation was €72 bn, or an heroic 12 times NAV.
Now the market cap is back up to €73 odd bn, purely based on speculative buying.

http://www.irishtimes.com/business/sectors/financial-services/value-of-state-holdings-in-aib-and-boi-up-by-34-1.1650178

That is one of the main reasons for wanting to sell the AIB shares. I think now would be the best time to 'dump' those shares.
BOI have been doing ok lately with meeting targets but it's still a gamble in it's own right.
Is there any other companies that I should keep my eye on?

tommylimerick

i think you have done a Homer , well done
there are loads of other companies to consider other than bust banks
depending if you are looking for growth or income
how about Ryanair I think they might pay a special dividend this year
and they are going to expand quite quickly , but might be a bit dear now

gordonok

In the same vein, I bought BOI shares last month when they were close to their yearly high of 38.7 cent (good timing I know). Now I didn't intend on selling in the short term but does anyone know why they've been steadily tanking since Wilbur Ross sold a large chunk?
Every single day the seem to lose 3-5% without any negative BOI news coming out so I wonder if there's something we should know and maybe cut my losses and get out?

Bizness

BOI was well bid up before their results in early March, probably more than it should have been as retail investors piled in. There was bound to be profit taking afterwards. They are currently back to their level of late last year. The fact that Wilbur Ross and Fidelity sold a third of their stake also meant selling pressure on the stock, and possibly also that investors are envisaging the Govt selling some of the taxpayers 14% share, which would lead to an overhang of stock in the market. Also the negative sentiment at the minute around the stock markets with tech stocks, Ukraine situation isn't helping either.

Can't advise you whether to sell or hold, long term they are probably a good bet, but I wouldn't be surprised to see further weakness in the share price in the near to medium term. Talk about negative interest rates on deposits parked by banks in the ECB. ECB bank stress tests also coming up in next few months, and I think the Irish banks perhaps have not written down business loans fully, so they may have to tackle this too.

lucky john

Boi will be ok given a bit of time.

Aib is a mystery share though. Up 20% today??? Why? Michael nonan(the owner of the bank for now) just told everyone that the bank is worth 10..11billion. The present share price values it at 65billion. How are people still buying at 13c when 2c is closser to where the price should be.

wired117

They will possibly cancel 400 billion + shares at zero value and attribute a value to remainder by way of an initial private placement. This will reconcile notional value and actual value. Been saying this for a while... They won't nationalise

wired117

They will possibly cancel 400 billion + shares at zero value and attribute a value to remainder by way of an initial private placement. This will reconcile notional value and actual value. Been saying this for a while... They won't nationalise