BOI shares steadily rising... Worth a punt?

Worrying reading that, just how many stress tests will there be? There appears to be a consistency to the worry and knock on consequences of overhanging threat of any Bank failing a stress test.

The rights issue may not be sufficient and it will be very interesting to see the timings of it and the stress testing in 2014.

gordongekko wrote: »

The are going to place shares on the market. Use the funds from that to purchase some preference shares off the government. The balance of the preference shares owned by the government will be sold onto private investors.

It will be important here to see who takes up the placement of shares. And how much shareholding Mr Ross and Mr Noonan are left with.

Will they be placed at current price and let the market find a level for them?

Nice rise today

Dunno - can only guess that there are more and more positive indicators of sustained economic recovery - plus I suppose the recent announcements of significant rises in house prices in Dublin paints a much nicer picture of the Bank's security vis-a-vis residential mortgages. Everytime the price of property increases the cost of a contingent mortgage default drops significantly.

euroboom13 wrote: »

Rising to sweeten the post USA holiday announcement of firm placing and open offer due Monday...
As for property market we don't have 1,what rises we are seeing is a handful of sells.!!and propaganda fuelling by rte

I agree completely with the propaganda comment... but the reality is that there are already a lot of "advisers" and estate agents spouting the same garbage over the last 6 months that we were all so accustomed to for the early years of the last decade:-e.g.

"with prices continuing to rise, now is a good time to get on the property ladder.."

"demand for residential homes exceeding supply"

"shortage of suitable family homes"

"over-corrections in property market"

etc. etc.

The vested interests are doing their best to inflate the property market, and if history is any indication of how this approach goes, it will likely work... at least in the short to medium-term, until the next correction event.

Then we have Enda Kenny assuring the Country that we won't make the same mistakes this time around - it all sounds so familiar.

Bottom line in terms of BOI's share price is that increasing house prices, whether justified or not will cause the share to rise - how long it lasts - who knows - if it continues it does afford the Bank some breathing space to rearrange/offload residential mortgage securities at significantly lower losses than if the prices were continuing to fall.

Propaganda ,boi or state don't want news to look too good, before announcement of pref share deal,ft and english/USA media had a positive spin on same news ...

Seamus1964 wrote: »

http://seekingalpha.com/currents/post/1439641

.. "comme si comme sa" ..

Gone bit sour there too

Will make the deal sweeter ,when it comes.....buy

Value Hunter wrote: »

Yet another €1.4 billion in losses from bad loans to be expected :rolleyes:

That will take the total to €13.8 billion in less than 4 years

And we still haven't had bad loans tackled on a large scale

Plenty more impairment charges to come

This stock is a dog

I am a dog lover and have no problem walking this one.

I would question the timing of these annoucements(politics),especially when we all smell a major deal in the air!

The gospel of news reports:rolleyes:

Value Hunter wrote: »

Yet another €1.4 billion in losses from bad loans to be expected :rolleyes:

That will take the total to €13.8 billion in less than 4 years

And we still haven't had bad loans tackled on a large scale

Plenty more impairment charges to come

This stock is a dog

Even a stopped clock....

Isn't Noonan at some investment conference on Friday? He may well announce a sale of the preference shares then.

euroboom13 wrote: »

Done deal! without need for egm

Or Rights issue SP currently pricing in dilution.

wenxue wrote: »

http://www.irishtimes.com/business/sectors/financial-services/bank-of-ireland-to-repay-1-8-billion-of-state-bailout-1.1616611

So what that means to current shareholders in simple language?
other words，share price will up or down？

Go long, there will be a few small wobbles to find solid ground .

My opinion is that they will go to above the state entry price of 32c and than, the state will offload its 14%.the long wait will then end and dividends will return!!!!!