Borrowing to buy BOI Shares????????

Does the short selling only apply to buying stocks in Ireland, Could someone in the UK or USA still buy the irish bank stocks today and sell them tomorrow?

boomboombazza wrote: »

basically, I already have 200 BOI Shares which I got for My 21st in Jan 2007 when the price was about 16/17. with them now around 5 ish I think it has to be a good longterm investment (5-10 years.)

I was thinking €20k worth.

just wondering if people think this is a good or bad idea. I'm sure most will say dont do it buy I'm a risk acceptor:p

how much would a 20k loan over 5 years cost me roughly per month in total over the 5 years. obviously the return would have to outweigh the cost of the loan to make it worth while.


on a side note my dad sold about 200k worth of BOI when they were about 16/17 and is wondering should he get back in now?

BOI shares now at Sid Waddel territory; one hundred and eighty!

How do I go about buying shares in BOI?

With the way things are now, it looks a good time to buy.

Not looking to buy big, say €1000

Sqaull20 wrote: »

How do I go about buying shares in BOI?

With the way things are now, it looks a good time to buy.

What makes you think you're not making the exact same mistake as the OP?

Deleted User wrote: »

I don't think it's a mistake to buy them now if you are thinking of holding them for at least 5 years.
I think it's a damn good idea.

I'll be using funds I don't need at the moment or in the near future.

What happens if they're insolvent?

Dubh Geannain wrote: »

A guy I know borrowed 60k last week and bought at €1.20. He'd been threatening to do it for the last few weeks and we had many the heated discussion about it. Anyway, his thinking was that there was no chance in the banks being nationalised due to the governments lack of funds. If the government used the National Pension reserve fund they would only be able to buy a percentage of the bank (can't rememeber what he said exactly, something like 25%).

He had worked out that taking in the banks assets alone in the Dublin area they were worth €3 a share. Now he doesn't claim to be an expert but this guy is an investment fund accountant.

Oh yea, the bank knew he was buying BOI shares with the loan and he has to pay the loan back in 4 months :eek:. I couldn't believe it when he told me that

If the latest plan involving the asset managers from irish banks allong with gov using pension funds to re-cap banks is a runner instead of the vc plan your friends investment would make exellent returns even after the latest jump from 0.88-1.50, I have a feeling the gov will adopt a plan which involves the latest irish bid allong with some investment by gov which should be a lot more possitive for exsisiting bank employees and shareholders, I bought aib 2 weeks ago at 3.56 and will be keeping stock.

This thread is a classic.



lol at my post that oil could hit $200 and O'Leary would be screwed.

Last time I take on O'Leary.

It's been a loooong week - BOI at 19 cents. Fookin hell.

2009 is going to make 2008 look like Christmas ... .. .

PS - pity myself and Stepbar derailed the thread at the time but it makes for funny reading now . . .

triple-M wrote: »

so would now be a good time to snap up boi shares or could there still be worse to come?

silverharp wrote: »

why are people like a moth to flame on this doggy stock?

TBH I was the same. I've setup a stock account and setup the Beneficiary to put money into my stock account... I'm GLAD it took so long for them both to get setup and cleared because I have totally changed my mind about it and wont be investing in any banks... just because there is no light at the end of the tunnel for them yet.

Compak wrote: »

I think if you borrow 20 grand pick 10/20 big name battered stock across a range of areas and put it in,

You mean like an ETF? Nearly everyone here would agree that they offer the best long term return in equities right now. In 6 months I will be putting a lot of money into a Eurostoxx ETF and then forgetting about it till the recession passes and the next boom arrives

Compak wrote: »

Yeah like that or even pick the companies yourself.

For example in these battered times I have had about four companies lose 30%
4 lose 80-90%
3 gain ~130%
2 gain 300%
1 gain 400%

Unfortunately I dont folllow my own advice and my losses were heavier weighted than my gains but as you can see even with 4 dreadful picks an even distribution produced nice profits

What companies did you pick?

ih8aloss wrote: »

If I take 20K I'm going to ensure it's got a future, it's viable and there is a demand, after I did my DD. Look at GM in the tank and it was once at a lot higher price, doesn't mean it is going to return to that, if it even is around in a year as a viable company. I personally like a Start up called Solterra Renewable Technologies, Inc. Symbol HGUE that has a lot more potential return than BOI. Hope you don't lose your job because in this economy nothing is guaranteed anymore.

I think I'll sell everything I own in order to buy this stock. I mean it's symbol is HGUE which rearranged is HUGE. If that's not a sign, what is?

Idu wrote: »

You mean like an ETF? Nearly everyone here would agree that they offer the best long term return in equities right now. In 6 months I will be putting a lot of money into a Eurostoxx ETF and then forgetting about it till the recession passes and the next boom arrives

Can you explain the timeline of investment within Euro Stoxx forward of September 2009

The EU trading bloc IMO is under severe pressure that will intensify in trying to keep the CEE afloat, particularly Ukraine and its ilk. Many consider the CEE to be Europe’s new subprime - with Austrian, Scandinavian and Italy's banking sectors heavily exposed through credit derivatives.

Then you have the PIIGS economies and likely problems of default. And France and Germany sitting on their hands saying we are French/German firstly and European second .They rule out the use of Euro Bonds to bail out ailing economies.

This Euro project is in big trouble and its various leaders have no cohesiveness but instead harbour protectionism only policies with self-interest posturing towards their own nations. IMO short the Euro as it's going to be under huge pressure, as will its related bourses.

Regarding the Op's question on Irish bank stoxx and whether they are a buy or not, you must ask yourself why the market has priced them so low on P/E etc. The simple answer is because the markets are usually right and these are now junk stoxx. With a high likelihood of nationalisation which the Irish state can ill-afford.