Bank of Ireland shares

You think it's undervalued by 50/100% with brexit around the corner and blockchain about to change banking forever.
I'm not seeing it, too much risk here to go long.
Have seen a positive trend since you jumped in, I'd still be inclined to cash out around earnings time in Feb if the run up is good.

Probably a hold for op, wouldn't sell just yet, think that 10% loss could be cleared in the next 10 weeks..

drunkmonkey wrote: »

You think it's undervalued by 50/100% with brexit around the corner and blockchain about to change banking forever.
I'm not seeing it, too much risk here to go long.
Have seen a positive trend since you jumped in, I'd still be inclined to cash out around earnings time in Feb if the run up is good.

Probably a hold for op, wouldn't sell just yet, think that 10% loss could be cleared in the next 10 weeks..

lol this reminds me of some financial 'professional advisor' on RTE back in the celtic tiger days on an interview with Bryan Dobson :

'I think we are going to look back in a few years time at the state of the Irish banks and the Irish stockmarket generally and say how did we not fill our boots with those shares. '

Cashed out anyways. Lost about 500 quid. Which is a shame cos I've had the shares for a good few years.

I'm going to buy OMG coins with it and hope to recoup the loss and more!

Thargor wrote: »

So they mine Ethereum and sell it? But according to a quick look on Google they're only up 33% since this day 3 months ago, whereas Ethereum is up about 275% in that time, pretty big discrepancy there? If the arse falls out of Ethereum and the rest of the crypto market then HIVE is going to collapse just as badly, seems like you're taking on most of the risk for a fraction of the return...

They mine it along with other currencies, I think they've been selling 20% a day and hoarding the rest. It's kind of missing the point of Hive a little though to view as just another miner, Hive was created to bring Genesis to the capital markets.

I know it's only up up 33% in the last few months but it's up over 3000% for the year.
The share price hasn't popped again due to share dilution from financing deals to build more mines with Genesis and shares coming out of lock up, some more to come in January.

I think the current share price will be a distant memory come March. The MD when interviewed wasn't concerned about crypto prices falling as it blows smaller miners out of the water and lets Hive increase market share.

This is a play on Genesis and it's Virgin coins.

This is worth a watch but take into consideration the value of Eth when the video was created, two more mines coming onstream since then and the estimates he was giving.



This will have a market cap bigger than BOI in 12mts. :pac::pac::pac:

LG1234 wrote: »

BOI continues to climb, hopefully it continues. Hive Blockchain on the other hand down quite a bit.

Let see how they both look after Hive financials end of Feb and all the share dilution has passed. There's a reason for the dip today and more dips to come over next few weeks.

This should be good...

Shauny2010 wrote: »

LoL missed that comment



Lets not start an argument about the value of this Bank, as for every valuation theres a counter valuation that is in every way as correct as the first.
The following events will trigger this bank valuation to move higher and then €16 is not a far stretch of the imagination

• Bank credit ratings - we are long overdue, the Irish banks seem to lag every other Bank in this respect. Once this happens a lot more pension and Fund money wil pour into this stock
  The bank has received numerous upgrades over the last few years and they made no difference to the share price.
  
  
• Bank of Ireland along with AIB has a next to monoploy position so when the dividents start they will continuously grow as they fleece the public
  
  Would you be surprised to know BoI only has a 26% share of the Irish mortgage market and that's after a period of no competition. When rates start to rise so will new entrants to the market. Restarting dividends will be a big catalyst though. there are many funds locked out of BoI because they can only buy stocks that pay a dividend.
  
• Confidenace in this bank has really grown since Francesca McDonagh took over. Talking to other investors Bank of Ireland no longer looks like a cowboy bank but more of a Bluechip stock
  
  Miles to go to shake off the amount of the damage done by the tracker mess and so much more. We will judge their repentance over time.
  
  
  
• It offers less risk more reward to the investor
  Than who or what?
  
• Bank of Ireland has done little or no asset write backs to the books which is mad when you consider the massive increase in property valuations here
  Very valid point. The last time they did a write back they assumed the HPI to be at 48% off peak. I think from memory every 1% was worth 40million. is the HPI 20% off peak now?
  
• Exposure to the UK market, BOI is in a unique position here to capitalize on Brexit in its current form
  This has yet to be proven. The fall in STG alone has hit BoI hard because 40% of their base is in the UK.

You left out a couple of big points.
the bank is investing a billion in new tech to modernise and open up new opportunities. It will take a year or so to finish the job but its definitely going to add value and reduce costs.

The big reason to my mind will be the end of QE, the zero interest rate environment and a re-rating off bonds. We are about to enter a time of inflation which will force up interest rates giving banks a chance to make money again. Central banks are beginning to realise that crippling banks is not the way to entice them to lend money into the economy.

I think your €16 is a bit ambitious but this is a good investment for the next 5 years to my mind. After that its hard to be sure. There is going to be huge disruption from FinTec which will wipe out some banks. Hopefully not this one.

daheff wrote: »

so results out today. Dividends back (11.5c per share).

but down in the market.

How are they paying that when it only costs 24c a share to buy stock?

Results slightly better than previous year, the issue of a dividend slightly less than AIBs proposed dividend of 13.5c and the tracker scandal havent had a major impact on the share price. The new CEO has only been in the job 6 months so next years results will give a better idea of her impact. Reduction of Cost income ratio one of her big goals but will this impact on the growth of the business?

Irish Company Dividends deducted at source

Morleystreet wrote: »

Anyone know when the dividend actually gets paid?

A dividend of 11.5 cents per share will be paid on 24 May
2018. Ex Dividend 20 April 2018,

littlevillage wrote: »

Is it the IT problems thats dragging the SP lower the last few days?

€7.25 now. I'm tempted to buy some as this is surely a temporary blip.....I'm just not a big fan of the Irish banks right now

Sold a few weeks ago, got back in just now at 7.26, might go lower but I hope that longer term it will be OK