pocketdooz wrote: » Luckily there are people with attitudes like this in the market, otherwise the day traders wouldn't be making so much money right now. Hope and "positive thinking" are no reason to buy the equity of a company. You think you are placing a bet on the recovery of the Irish econonmy? You're not - you're essentially buying the riskiest, least secure piece of a loss-making, debt-ridden, non-dividend paying, over-sized, over-exposed bank. Good luck to you, I hope you make your 500%. If you don't want to listen to sensible advice from Dave, who is probably one of the most (only) knowledgable people on this forum then feel free to go with your gut and waste all you money.
eire2009 wrote: » Well my attitude again paid off this was at 60 cent bout a week or so ago sensible dave can do out his portfolio and get his 10% a year ill take my profit sold at 1.16 today longterm or double my money that was the game plan. I recon they`ll go up again tomoro probably hit 1.50 before they drop again but who knows . Ill buy again if they hit 70-80 cent next month or that. Stop player haten aswell dont be judging me judge the shares.
pocketdooz wrote: » Not quite. AIB made an operating profit of €2.71 billion in 2008 and then wrote down €1.82 billion for impairment of loans and receivables. This gave them an operating profit of €862 million. Now, their total loan book is €135.6 billion. So, they took a write-down of 1.34% of their loan book. Come off it - if they get away with ten times that they will be lucky in my opinion. For example - If you look at the Spanish banks it's ticked up from 1-2% last year to 4-5% currently and is rising rapidly.So, if we take a more realistic, yet conservative estimate of the write-down, let's say, only 5% we get to an impairment figure of €6.78 billion. Hence giving them an operating loss (not profit) of €4.07 billion. All these figures are in the Annual report which is attached - flip to page 135-138. Also, bear in mind that profit is an accounting concept and what we are really worried about is cash generation, cash burn and capitalisation which are the really worrying things about the banks at the moment. *** pdf attached
Daragh101 wrote: » why is AIB trading below BOI, is BOI in better shape??
Daragh101 wrote: » when do yee think this rally will end? €2.05 today!!! whats causing it???
pirelli wrote: » We are in a bull market and thats about it. .......
quilei wrote: » I bought 6,000 AIB share at 1.41,you think i should sell it or keep it?
pirelli wrote: » You should really talk to your broker. Please do not do anything based on my post. Everything is looking very bullish and many people don't even trade on news. They trade on other factors. I am not invested in AIB so if it has a pullback then i can profit from that, so bear that in mind as could many other investors on the sidelines. The Irish independent and irishtimes offer a list of brokers daily reports, i would pay attention to these.
quilei wrote: » ,I use goodbody online do trade .my broker wont give me any adivice because my investment under 100.000.:( So i dont have any idea now,i only can check AIB chart and depend on my past experice do so. Do you know some good broker and I can get some good suggerstion from them? cheers
pirelli wrote: » The price wont drop to far it's fairly solid and there might only be a small pullback. Bad news is unpredictable and i see this only as an oppourtunity ( that could be become a risky chance) to get in cheaper. The downside is a change in goverment a down grade in moodies and bad haircut from nama would truly test the present share price. I hope it drops on monday evening and i will be watching it closely if it does. [IMG][/img]
ranger4 wrote: » Acording to irish times banks will be made to writedown bad Loans upto 5 million themselfs with nama only taking on bad Loans from 5 million plus.
Daragh101 wrote: » whats this going to mean for the shareprice though?
Barr wrote: » I am considering selling some of my AIB shares at present .Could anyone advise how much tax you have to pay on profits? Also are the shares taxed automatically when you sell them or do you declare it to the revenue ?
Daragh101 wrote: » im not sure but i think the first 1200 or so is tax free!!!!:) im thinking of selling tomorrow if they rise!!
Daragh101 wrote: » ya i sold on friday for €2.40!!! nice.:D
deepdiver wrote: » Hi any thoughts why aib dropping big time this morning. Was thinking on buying some of the two banks if they steadied up next week i know everyone advising caution but any thoughts would be great thanks.:)
