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Aib shares

  • 21-05-2017 5:40am
    #1
    duffysfarm
    Registered Users, Registered Users 2 Posts: 853 ✭✭✭


    Does anyone know what is happening to aib shares? The have increased form just over €5 per share to just over €7 per share in a short space of time. Is it to do with the ipo? I have some i need to sell and was going to sell at €5.10 and luckily didnt get a chance to


Comments

  • #2
    sasta le
    Banned (with Prison Access) Posts: 1,586 ✭✭✭sasta le


    duffysfarm wrote: »
    Does anyone know what is happening to aib shares? The have increased form just over €5 per share to just over €7 per share in a short space of time. Is it to do with the ipo? I have some i need to sell and was going to sell at €5.10 and luckily didnt get a chance to

    They selling shares to the public some.or something like that?


  • #3
    wordofwarning
    Closed Accounts Posts: 697 ✭✭✭wordofwarning


    Dump them. The thinly traded shares have ridiculous valuations. Based on the values, that the shares were selling at once, AIB was one of the largest banks in the world by market cap


  • #4
    Wombatman
    Registered Users, Registered Users 2 Posts: 3,337 ✭✭✭Wombatman


    Down 20% today.


  • #5
    Wombatman
    Registered Users, Registered Users 2 Posts: 3,337 ✭✭✭Wombatman


    Wombatman wrote: »
    Down 20% today.

    25% now.


  • #6
    Viscount Aggro
    Registered Users, Registered Users 2 Posts: 1,339 ✭✭✭Viscount Aggro


    Its a con-job. How can you sell shares to the public, when they already own them?


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  • #7
    okidoki987
    Registered Users, Registered Users 2 Posts: 10,632 ✭✭✭✭okidoki987


    The government own 99.8 % of AIB shares so the amount that is available to be bought (or sold) on the "free" market is miniscule.
    Any move in the share price will be massive % due to lack of liquidity.
    Noonan has said before, for people not to buy the shares due to the number available.
    Wait until the government offload some of their amount, the share price
    will be well lower than where it is now and there will be more shares in existance.


  • #8
    BOARDHOG
    Registered Users, Registered Users 2 Posts: 26 ✭BOARDHOG


    Hi. After the aib restructuring I was left with 3 shares. Does anyone have any advice on what to do with them.


  • #9
    Francie Barrett
    Registered Users, Registered Users 2 Posts: 16,927 ✭✭✭✭Francie Barrett


    BOARDHOG wrote: »
    Hi. After the aib restructuring I was left with 3 shares. Does anyone have any advice on what to do with them.
    Best off just donating them to charity.

    http://www.sharegift.org/


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