Bank of Ireland shares

I think cryptos will take a good few years before it completely disrupts the banking sector.
Physical Silver is in a better position than Gold for a massive move upwards if this crash in the stock market and cryptos does happen. A lot of disillusioned holders moved out of Silver into cryptos. Once they start bagging profits they will return. Currently about $7 billion would capture the complete physical silver market.
In the mean time I expect BOI to make strides forward from here on with a new IT infra structure, a lower cost base and a more profits

Shauny2010 wrote: »

Brexit not Brexiting after all.
BOI having a small Mcap
A new CEO at the helm who seems to know what she is doing
Future looking bright

Brexit still on the cards don't think it'll happen though.

The rise in crypto/blockchain is going to disrupt financial markets especially Banking. It's basically pulling the rug from underneath them. I'm guessing it's a bit of a bubble at the moment but won't stop for another year or two. If it bursts gold will be the next bubble when money flows back into it after a market correction in shares and crypto.
BOI I think has a rocky 2yrs ahead until we see how this all plays out.

Benildus

Hollister11 wrote: »

THERE CEO just bought 13K worth of shares.

That's a minuscule amount - hardly confidence inspiring.

Hollister11

THERE CEO just bought 13K worth of shares.

Brexit not Brexiting after all.
BOI having a small Mcap
A new CEO at the helm who seems to know what she is doing
Future looking bright

Seems to be a bit of a bump over the past couple of days. Anybody care to posit a reason?

Political uncertainty reducing?
Brexit becoming (marginally) clearer?

Shauny2010 wrote: »

Yeah, I edited from 15 pence to 15 cent and added in the 30:1 consolidation in case it was a unclear.
.

There down in my account today only by a fraction, still not convinced it's a good play but best of luck with it. New blood running the show which is good but brexit is a concern for me with the UK arm.

Yeah, I edited from 15 pence to 15 cent and added in the 30:1 consolidation in case it was a unclear.
Its not down again today, its flat, its been sitting at this price for a few days, check the charts, hence why I bought in.
Not bothered about hive really as I know nothing about them/it but best of luck with them.

I see you edited your buy in price

, It's down again today like most other days I look at it, i'd rebalance again and cut your losses or maybe break even tomorrow, you don't need boi shares hanging around, can't tell you why I think you should but you'll be waiting a long time to double your money.
Hive up 35% so far today, you could have made the same in a few hours as your 2yr long play.

No I'm trying to balance my portfolio, I have have plenty of cryptos, and yes I've seen amazing returns from them over the last few years but you cannot expect that type of return from a Banking stock. As it stands a drop in the price of Bitcoin drops my portfolio by more or less the same percent so it is a case of being over exposed to them.
Cryptos for me was like a case of when its raining Gold you don`t run outside with a cup, you pull the Bathtub out! But that cannot last forever and will pull back.
I got into BoI originally at 15cent (roughly €4.50) so its all good so far.
€11 as a price target is realistic and would make a good return on investment

Shauny2010 wrote: »

Pulled the trigger today on 10k shares. Looks like I may have paid the price of the day at €6.37 but what the hell, this is a 2 year hold now for me. Target price €11
I am holding quite a few shares here now but my portfolio is still way too skewed on cryptos at the moment.

Mmm Yea, why would you tie up 10k for 2 years on a hunch for such little return.
If your into some crypto I'm a little in the red on hive blockchain, aiming for a similar return but within a few weeks. Trend has revered today on it so nearly back in the green. Hive up 18% in first hour, hit a big decline in last few weeks due to a lot of shares being released but looks like that's done with now, now up 21%
ethereum miners partner of genisis mining, 30% share holder.

http://www.stockhouse.com/companies/quote?symbol=113.1.HIVE&symbolFormat=morningstarnumeric

Pulled the trigger today on 10k shares. Looks like I may have paid the price of the day at €6.37 but what the hell, this is a 2 year hold now for me. Target price €11
I am holding quite a few shares here now but my portfolio is still way too skewed on cryptos at the moment.

Bullish as well wouldn't touch them until definitely signs of a trend reversal though.
Let you know when I'm back in the green, I won't be doubling down, I'll be glad to get them out of my portfolio, sitting there doing nothing for to long. Better flips you could make in 1 days trading than going long on these.

Shauny2010 wrote: »

I can take it that the divi is off the table now for this year. What are folks thoughts on BOI shares currently trading at €6.35. This seems like a gift horse at this price as to me Brexit and the tracker scandals look over done.
Any opinions, should I look the horse in the mouth before I sink more funds into this?

They have dropped quite a bit in the past year or so. Not sure the tracker scandal is quite over yet. They need to get all the dirty laundry out now and get over it.

I've been bullish on BOI for a while...I'm still bullish, but would caution on them. I think they have fallen out of favour now (like most financials).

I can take it that the divi is off the table now for this year. What are folks thoughts on BOI shares currently trading at €6.35. This seems like a gift horse at this price as to me Brexit and the tracker scandals look over done.
Any opinions, should I look the horse in the mouth before I sink more funds into this?

Finbarr Murphy

daheff wrote: »

why not?

for me, so long as it increases bottom line then its an acceptable acquisition at this time. Good times are back (havent you heard???) so people have more disposable (investable) income. wealth mangers make money in the good times

Exactly but when bad times come the business will no doubt be disposed for at a loss. Best to stick to core banking with prudent criteria.

Finbarr Murphy wrote: »

Not sure if I would be too keen on acquisition in that direction.

why not?

for me, so long as it increases bottom line then its an acceptable acquisition at this time. Good times are back (havent you heard???) so people have more disposable (investable) income. wealth mangers make money in the good times

Finbarr Murphy

daheff wrote: »

Key thing is that its a start. makes the share more appealing.

also another article mentioned BOI going on acquisition trail to "acquire wealth management businesses to boost its private banking arm."

Not sure if I would be too keen on acquisition in that direction.