19/1/2009 Irish bank shares plummet this morning...

Darragh29 · 19-01-2009 01:22PM #1

http://www.irishtimes.com/newspaper/breaking/2009/0119/breaking36.htm

Looks like the endgame is nearing us, with AIB at 82 cent, BOI at 54 cent...

You wouldn't get an apple or an orange on Moore Street now for this!

Lump · 19-01-2009 01:48PM

Tell me about it, I've lost a packet.... hopefully they'll recover

MarkR · 19-01-2009 01:50PM

Poor guys. And not a proper skyscraper in sight to leap off of.

doolox · 19-01-2009 01:58PM

I put 8000 in Boi a few years ago I think I bought at 11.00 or so per share, now worthless.
Ditto 2000 on Aib before Xmas now worth .60
I have had no luck with shares and I am staying out of them from now on.

At least you have better fun with the dogs and horses.

At least my pension lumpsum with Canada Life is still worth something.

My Tesco shares are still worth something even with Sterling going sour.

My Aviva shares are not great.

ManFromAtlantis · 19-01-2009 02:01PM

wooooowwwwwwww!! thbought when they were at 65 couldnt go much lower. didnt buy cos too much red tape at the time but happy now i didnt.
there was alot of people saying .buy at 65. where are ye now/?????
its mad ted what would happen if they go even lower or near worthless? what does it mean to teh man/woman on teh street.

Mark200 · 19-01-2009 02:02PM

How exactly do you go about buying shares...?

Lets be honest, the chances of BOI or AIB going bust are extremely slim. We'll get out of this recession eventually. I'm seriously tempted to invest now, it's unlikely I'll ever get a better deal.

ManFromAtlantis · 19-01-2009 02:03PM

hey mark...........i said those very word 2 months ago!!!

Mark200 · 19-01-2009 02:07PM

ManFromAtlantis wrote: »

hey mark...........i said those very word 2 months ago!!!

Well investment is long term....

Also I'd note that BOI shares are considerably lower than AIB because they stopped paying out to their shareholders I believe. Not necessarily because the business is doing badly (heard a while ago they stopped paying out, but it might have only been temporary...?!?)

Lump · 19-01-2009 02:25PM

You need to get a broker.... I use hoodlessbrennan the'yre an online broker that charge a fixed fee for each transaction, but offer you no advice. I bought BOI & AIB shares before christmas when I thought they were at an all time low...... Suffice to say, I don't think AIB or BOI will go bust, so I am hopful that they'll make me money in the long run.

If you have a bit of spare cash, I think it'd be a good idea to buy now, especially AIB. Obviously if you lose everything, don't blame me

Lump · 19-01-2009 02:27PM

When do banks pay their dividends, I'm not expecting any..... but is their year end April, or Dec?

drunkmonkey · 19-01-2009 02:37PM

Any chance of either of them been sold or nationlised, what would happen the share price then?

AIB looks tempting....how quick could the increse x5

Mark200 · 19-01-2009 02:39PM

drunkmonkey wrote: »

Any chance of either of them been sold or nationlised, what would happen the share price then?

AIB looks tempting....how quick could the increse x5

The share price would be very close to zero if either of them were to be nationalised, simply because the Government wouldn't step in unless there was a serious threat of one of them going bust, in which case the share price would be zero :P

drunkmonkey · 19-01-2009 02:43PM

Mark200 wrote: »

The share price would be very close to zero if either of them were to be nationalised, simply because the Government wouldn't step in unless there was a serious threat of one of them going bust, in which case the share price would be zero :P

and the odds of that happening are 3/1?

Roadend · 19-01-2009 02:43PM

Mark200 wrote: »

The share price would be very close to zero if either of them were to be nationalised, simply because the Government wouldn't step in unless there was a serious threat of one of them going bust, in which case the share price would be zero :P

Neither bank would go bust if the share price fell to zero

ninebeanrows · 19-01-2009 02:53PM

We are nearing default.

The banks are collapsing before our very eyes.

Lump · 19-01-2009 02:59PM

AIB has huge money invested in America and around the world..... we would see a sell off of some of their assets before they were nationalised.... I hope that would happen anyway!!

Lump · 19-01-2009 03:01PM

drunkmonkey wrote: »

Any chance of either of them been sold or nationlised, what would happen the share price then?

AIB looks tempting....how quick could the increse x5

If anyone knew that they'd be rich! It's hoped that the banking situation will settle down by May I think, and then it'll start to turn around. I think the government should have let Anglo Irish go bust!

drunkmonkey · 19-01-2009 03:06PM

anglo should have went to the wall, do we all get cheap loans from them now seen as were bankrolling them:rolleyes:

Lump · 19-01-2009 03:11PM

It's more the fact that the boss man profited out of the bank, and now the taxpayers are pulling the bank out of the shit. I pay tax in the UK, so I'm currently bank rolling a few different banks. It's a total joke!

Morrisseeee · 19-01-2009 03:32PM

What would it take for US to STOP the current Government 'funding'/'saving' their GOOD friends (the Gamblers) of Anglo Irish Bank ? Would it take a CHANGE of Government, if so, lets DO IT........:eek:

ODS · 19-01-2009 03:34PM

Just remember the advice from he who got us into all of this -

"Bank of Ireland shares are €3.80 today. Now if I meet you here next year, or the year after, do you seriously think Bank of Ireland shares will be €3.80? I'd go out and buy Bank of Ireland shares . . . that's what I'd do,"

Bertie Ahern, September 2008.

BoI share price today: 40¢

Where are you now Bertie, you bastard? After running the country into the ground with a rotten ponzi economy, you're gone like a fart in the wind...

My generation will never forgive Ahern for having wasted unprecedented opportunities, sabotaged the environment, and left us all with a horrendous economic vista that'll take years to recover from :mad:

Little bit of good news, just noticed that BoI is now back up to 70¢... let's hope it continues going in that direction...

Rebeller · 19-01-2009 03:36PM

Morrisseeee wrote: »

What would it take for US to STOP the current Government 'funding'/'saving' their GOOD friends (the Gamblers) of Anglo Irish Bank ? Would it take a CHANGE of Government, if so, lets DO IT........:eek:

I think the time for peaceful, democratic, legal protest has passed.

It's no time to take a leaf out of our Latvian neighbours' book.

To the barricades!

Mr. Incognito · 19-01-2009 03:37PM

What would it take for US to STOP the current Government 'funding'/'saving' their GOOD friends (the Gamblers) of Anglo Irish Bank ? Would it take a CHANGE of Government, if so, lets DO IT

Stop voting for Finna Fail.

Pen1987 · 19-01-2009 03:40PM

Mr. Incognito wrote: »

Stop voting for Finna Fail.

In Ireland? Impossible. To many family ties, we're only 2/3 generations old. Most people can't even see past the Poor ol' Bertie facade let alone, the "the may Great Granda died for Fianna Fail, how could I in all conscious vote FG?" idea we seem to live by.

What happens if AIB is nationalised... then 5 year down the line the recession ends? Is it un-nationalised?

I bloody well hate finance.

Turd Ferguson · 19-01-2009 03:50PM

Mark200 wrote: »

How exactly do you go about buying shares...?

Lets be honest, the chances of BOI or AIB going bust are extremely slim. We'll get out of this recession eventually. I'm seriously tempted to invest now, it's unlikely I'll ever get a better deal.

Yeah. Even buying say €100 euro worth of shares at 54c. If they climb back up you could be making 5 times on your investment...

Mr. Incognito · 19-01-2009 03:50PM

In Ireland? Impossible. To many family ties

THIS is exactly what's wrong with the country. This is why you have idiots running the country.

"Ah, sure, Daddy voted for them so I must too" and damn the consequences of their incompetence. We might as well make it a dictatorship.

If people are REALLY that stupid. They deserve Finna Fail.

Pen1987 · 19-01-2009 03:53PM

Turd Ferguson wrote: »

Yeah. Even buying say €100 euro worth of shares at 54c. If they climb back up you could be making 5 times on your investment...

I think the minimum investment is 2000e.

Mr. Incognito wrote: »

THIS is exactly what's wrong with the country. This is why you have idiots running the country.

"Ah, sure, Daddy voted for them so I must too" and damn the consequences of their incompetence. We might as well make it a dictatorship.

If people are REALLY that stupid. They deserve Finna Fail.

Mass punishment for majority idiocy is not fair!

Mark200 · 19-01-2009 03:58PM

Pen1987 wrote: »

I think the minimum investment is 2000e.

ahhhhh what?

That's me out then

Turd Ferguson · 19-01-2009 04:02PM

Pen1987 wrote: »

I think the minimum investment is 2000e.

Thats ghey. If they lowered it to €100 I'm sure they would gets lots more people investing and then they could build the interest rates back up again.

I think I'll give Joe Duffy a call later and see if he can sort this out for me :pac:

ODS · 19-01-2009 04:05PM

ODS 20 mins ago wrote:

Little bit of good news, just noticed that BoI is now back up to 70¢... let's hope it continues going in that direction...

And now back down to 50¢ again...

The markets are totally all over the place...

Other country's will adopt a Keynesian model and build their ways out of their recessions... Almost alone, Ireland is not in a position to to do this thanks to the Bertie-brewed bubble, and the country's cartel of elected representatives and over dominant business interests that we misleadingly refer to as a "government".

If the shower in Leinster House allow the borrowers of Anglo to withdraw any deposits they have, after nationalizing it, I'm reaching for the guns :mad:

drunkmonkey · 19-01-2009 04:05PM

Darragh29 wrote: »

with AIB at 82 cent, BOI at 54 cent...

there going lower by the looks of it, AIB @ 77 cent and BOI @ 48 cent...

Irish Independent down to 26 cent, could be there own fault for starting the recession..:)

19/1/2009 Irish bank shares plummet this morning...

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