BOI shares steadily rising... Worth a punt?

Farmer Pudsey · 27-03-2014 5:15pm

I think it could be bumpy for a while. However buying BOI and selling AIB could yield a good profit. PTSB is droping again if it falls below 8c/share it is in buying mode again.

I think that BOI will find it hard to exceed 40c/share this year if it hits around taht it would be selling time and reenter again at a lower level.

AIB will be bumpy selling when it goes over 15 and buying to close below 12c may be a winner.

I wonder has INM maxed out at 17-18c/share.

lucky john · 27-03-2014 7:07pm

Farmer Pudsey wrote: »

I think it could be bumpy for a while. However buying BOI and selling AIB could yield a good profit. PTSB is droping again if it falls below 8c/share it is in buying mode again.

I think that BOI will find it hard to exceed 40c/share this year if it hits around taht it would be selling time and reenter again at a lower level.

AIB will be bumpy selling when it goes over 15 and buying to close below 12c may be a winner.

I wonder has INM maxed out at 17-18c/share.

One off the brokers were valuing AIB shares at €0.025c this week. For now aib is a gamble but boi is definitely an investment. Wexboy has included boi in his blog this week. Have a look and see if you agree with his figures.

As for INM. its one of my tips for the year and it's 25...30% up but to be honest it has a major task on its hands converting from traditional revenue to online revenue. The improving economy will help stem the tide but long term conversion is a must. At the moment inm has a profit of 32mil. I think 1m is the online contribution and 0 of that is from its 500, 000 viewer's. The conversion is going to eat traditional revenues for years. I have said many times the big plus is Denis o B and Dermot Desmond. If anyone can make this work they can.

Thronegames · 27-03-2014 8:07pm

mickman wrote: »

Your strategy is trying to catch a falling knife - very dangerous

And you didnt really decide to hold "this time" , you are holding because you are very much in the red

Thanks mickman but I'm under no pressure really. At last entry point 37c what would you do? I caught that knife by the handle twice on the way up as a gamble so I can take the loss this time around and walk away. Not exposed. I believe this share is a barometer of Irish economy in medium term. Thanks for your comment.

Thronegames · 27-03-2014 8:11pm

Yes I did buy ptsb about 7 and sold at 11. It's a short-term trader's dream! Yes I watch it every day!

big_spoon · 27-03-2014 8:29pm

beertons wrote: »

I bought today. I bought to the same value 2 years ago, and got 3 times the shares. Long term, will leave it 5/10 years. It's for the kids.

I wouldn't have bought today , once 30 cents was breached , a bottom will need to be found at least very close to 25 cents ( round number etc ) , 28 cents is not a bounce off point , these things are often quite ritualistic like that , that's not to say we don't climb a little past 30 cents first but the final " bottom " for at least a few months wont be 28

I think you will do fine long term , I myself bought two Fridays ago at .301 cent , I thought it wouldn't breach 30 , not worried though

big_spoon · 27-03-2014 8:32pm

Farmer Pudsey wrote: »

I think it could be bumpy for a while. However buying BOI and selling AIB could yield a good profit. PTSB is droping again if it falls below 8c/share it is in buying mode again.

I think that BOI will find it hard to exceed 40c/share this year if it hits around taht it would be selling time and reenter again at a lower level.

AIB will be bumpy selling when it goes over 15 and buying to close below 12c may be a winner.

I wonder has INM maxed out at 17-18c/share.

I don't think it will exceed 40 cent this year but anyone who buys today would have a very good return were it to even get back to its high of the year , most years the market only does 10% afterall , bank of Ireland done 100% and more last year but that's not going to happen in 2014

tech · 28-03-2014 12:26am

BANK OF IRELAND 0.288 -0.001 ( -0.24 %)

is it time to buy?

lucky john · 28-03-2014 8:43am

tech wrote: »

BANK OF IRELAND 0.288 -0.001 ( -0.24 %)

is it time to buy?

In my personal opinion yes. Lock them away and come back in 3 years time.

dealhunter1985 · 28-03-2014 10:02am

up and down like a whore's nick nicks

Taylor365 · 28-03-2014 10:38am

I'm going to hold out a few more months.

Comhrá · 31-03-2014 8:13am

Has anyone given credence to Shane Ross's warning in the IE?

Scaremongering or a plausible scenario?

http://www.independent.ie/opinion/columnists/shane-ross/bois-own-board-knows-our-banks-are-in-trouble-30137689.html

Johnny Jukebox · 31-03-2014 8:37am

There is an interesting article on BoI in the current edition of Phoenix magazine.

Triangla · 31-03-2014 8:43am

Johnny Jukebox wrote: »

There is an interesting article on BoI in the current edition of Phoenix magazine.

I read that, it was pretty insightful take on it.

Thanos · 31-03-2014 8:44am

Triangla wrote: »

I read that, it was pretty insightful take on it.

synopsis.......

MfMan · 31-03-2014 9:20am

tippman1 wrote: »

Has anyone given credence to Shane Ross's warning in the IE?

Scaremongering or a plausible scenario?

http://www.independent.ie/opinion/columnists/shane-ross/bois-own-board-knows-our-banks-are-in-trouble-30137689.html

He may be right, but then he's the journalistic equivalent of the stopped clock. (And a failed stockbroker).

Triangla · 31-03-2014 9:57am

Thanos wrote: »

synopsis.......

In a nutshell, BOI is f**ked.

Talks about it's massive liabilities and how it could been seen as insolvent.

The next few months will be interesting. I take a punt on BOI based on the fact that no government would let them go bust.

It will take years maybe a decade to recover but it will recover.

dixiefly · 31-03-2014 10:03am

Triangla wrote: »

In a nutshell, BOI is f**ked.

Talks about it's massive liabilities and how it could been seen as insolvent.

The next few months will be interesting. I take a punt on BOI based on the fact that no government would let them go bust.

It will take years maybe a decade to recover but it will recover.

For the same reason would AIB be a good bet? Would the government stop them going bust also?

Triangla · 31-03-2014 10:08am

dixiefly wrote: »

For the same reason would AIB be a good bet? Would the government stop them going bust also?

I think for the same reason yes.

BUT have or would I buy any AIB shares. No. That's only because I am more familiar with BOI. They didn't over extend as much as AIB during the boom.

roro2 · 31-03-2014 10:14am

dixiefly wrote: »

For the same reason would AIB be a good bet? Would the government stop them going bust also?

Two very very different questions.

Farmer Pudsey · 31-03-2014 10:45am

Triangla wrote: »

In a nutshell, BOI is f**ked.

Talks about it's massive liabilities and how it could been seen as insolvent.

The next few months will be interesting. I take a punt on BOI based on the fact that no government would let them go bust.

It will take years maybe a decade to recover but it will recover.

A government letting a bank not go has linothing to do with share price. What I mean by this is that the government could keep the bank going by nationalising it. This is effectively what the government has done with AIB. People colating the AIB share price with BOI should remember that there is less than 0.5% of AIB on actual float. The government has the rest. The only reason it is not being taken off the stock exchange is that it would cost the government more to do anew listing in 1-2-5 0r 10 yeras time. It has a stock market capitalisation oh 80 billion, BOI less than 10 billion at present share prices.

With only 0.5% actually being traded it means that about 400 million worth of share are being traded. BOI is different nearly 70% of the share are being traded excludinh the government sharehilding and the American venture capilatists share. Do not touch AIB unless you want to rish a sell CFD on them however you may want deep pockets to finance it.
.

lucky john · 31-03-2014 1:13pm

Johnny Jukebox wrote: »

There is an interesting article on BoI in the current edition of Phoenix magazine.

Is there an online link to that article anywhere you could post?

Johnny Jukebox · 31-03-2014 2:06pm

Nothing on their website.

Its only 2.85 and is probably the best value in Irish print media...

sprained_wang · 31-03-2014 2:21pm

MfMan wrote: »

He may be right, but then he's the journalistic equivalent of the stopped clock. (And a failed stockbroker).

most stockbrokers fail , wouldn't hold that against him

his point about the top brass at the bank only owning a pawltry number of stock in BOI is well made I believe , surely those people have a greater understanding of the potential of the bank than most

sprained_wang · 31-03-2014 2:23pm

Triangla wrote: »

In a nutshell, BOI is f**ked.

Talks about it's massive liabilities and how it could been seen as insolvent.

The next few months will be interesting. I take a punt on BOI based on the fact that no government would let them go bust.

It will take years maybe a decade to recover but it will recover.

Europe - Germany - merkel has made the decision that banks wont be allowed to fail , anyone who saw this two years ago or so should have known that bank of Ireland was going to soar in price which it has when your consider it was below 10 cents this time two years ago , that's not to say it doesn't languish where it is for the next five however

its not going to be nationalised however

euroboom13 · 31-03-2014 8:24pm

On page2 s. Ross slates boi and on page 3 it states he is currently a share holder?

I have to say our pied pipers aren`t very convincing!

Gandalph · 02-04-2014 12:29pm

Does anyone have any idea when the government might flood the market with its AIB shares or has nothing been even tipped on announcement yet? Quick google leads to nothing

(BOI thread I know but didn't really want to resurrect the old AIB ones)

euroboom13 · 02-04-2014 7:16pm

Gandalph wrote: »

Does anyone have any idea when the government might flood the market with its AIB shares or has nothing been even tipped on announcement yet? Quick google leads to nothing

(BOI thread I know but didn't really want to resurrect the old AIB ones)

Sunday papers said, aib would be trying to make it attractive for private investment by sometime in 2015.

Comordha · 15-04-2014 4:08pm

Steadily falling now. Ukraine related or more to it?

drain_cleaner · 15-04-2014 4:37pm

Comordha wrote: »

Steadily falling now. Ukraine related or more to it?

the whole market is falling right now , face book for example is down 25% in the past four weeks , bank of ireland could easily go to 20 cents

lucky john · 15-04-2014 9:13pm

Comordha wrote: »

Steadily falling now. Ukraine related or more to it?

Plenty of external factors are dragging it down but Blackrock that had a 3% shareholding anounced it had sold over a billion share. That has dropped the price this afternoon. Great value now for anyone who has a bit of patience and can hold for a while.

euroboom13 · 15-04-2014 9:53pm

Has a shake down every once in while, may go to 25/26c,i think anyone whom thinks there a good buy and holds for 20c will miss a good buy op. Good luck

lucky john · 15-04-2014 10:29pm

euroboom13 wrote: »

Has a shake down every once in while, may go to 25/26c,i think anyone whom thinks there a good buy and holds for 20c will miss a good buy op. Good luck

Chart guys are calling a lot of support at 26c (200 day ma). With only good news on every single front that directly impacts boi's future prospects I'm surprised its even testing 26. Next update is not untill autumn so its possible investors may not see the light for a while yet.

BrokenArrows · 16-04-2014 12:29pm

Is there any information out there as to when BOI is expected to resume dividend payments?

lucky john · 16-04-2014 12:39pm

BrokenArrows wrote: »

Is there any information out there as to when BOI is expected to resume dividend payments?

RB mentioned 2016 at the time of FY results in march. Bit unrealistic I would have thought though.

Hoover · 22-04-2014 8:47pm

I see that Fidelity investments ( fmr) have increased their share holding to at least 7% and this has been notified to the markets.,wonder is that what drove the increase today?

lucky john · 22-04-2014 10:32pm

Hoover wrote: »

I see that Fidelity investments ( fmr) have increased their share holding to at least 7% and this has been notified to the markets.,wonder is that what drove the increase today?

They originally had 8%. Dropped below 7 last week and back over 7 today. Hopefully they got a look at figures before Friday's agm and liked what they saw.

quadrifoglio verde · 23-04-2014 12:41am

lucky john wrote: »

They originally had 8%. Dropped below 7 last week and back over 7 today. Hopefully they got a look at figures before Friday's agm and liked what they saw.

Is that not illegal?

euroboom13 · 24-04-2014 6:00pm

agm..................lets hope all surprises are good ones. gud luck

lucky john · 24-04-2014 6:32pm

They tend to give very little extra info at the agm. Mostly just a general progress report but light on figures. Still you'd be hoping they would give enough tomorrow to light a little fire under the share price.

marc_faber · 24-04-2014 9:06pm

quadrifoglio verde wrote: »

Is that not illegal?

you dont honestley believe that institutions dont have access to the kind of info which retail investors dont ?

marc_faber · 24-04-2014 9:07pm

lucky john wrote: »

They tend to give very little extra info at the agm. Mostly just a general progress report but light on figures. Still you'd be hoping they would give enough tomorrow to light a little fire under the share price.

boucher gave nothing away before the parlimentary finance committe three weeks ago and the SP dropped 15 % from 30 cents to 26.5 within a week

i dont see that happening tommorrow but i dont see a major bounce either

lucky john · 24-04-2014 10:24pm

marc_faber wrote: »

boucher gave nothing away before the parlimentary finance committe three weeks ago and the SP dropped 15 % from 30 cents to 26.5 within a week

i dont see that happening tommorrow but i dont see a major bounce either

Since fy13 results and ross selling the share price has taken a hammering. Not all boi's fault but there has to be a little embarrassment (or maybe annoyance) on the board seeing as they talked it up so much in the lead up to the ross sale. I'm sure the buyers are well p****d off. I believe things are progressing nicely behind the scenes so there's just a chance Richie might be tempted to give enough guidance to at least justify the 33c price the German's paid for ross' s shares.

Pure speculation on my behalf and probably believing bankers have feelings is a bit much to expect. Still, I live in hope.

lucky john · 25-04-2014 8:24am

Apart from the nim at 2.05% creeping up no other figures given this morning. A bit disappointing but not surprising. All seems to be on track so just more patience required. I doubt much extra will come out at the agm but I think there should be enough reassurance there to get back over 30c and maybe a bit more.

dealhunter1985 · 15-05-2014 9:21am

what the fooking fuke!

dharn · 15-05-2014 9:45am

What the fook are you on about

quadrifoglio verde · 15-05-2014 10:32am

dealhunter1985 wrote: »

what the fooking fuke!

Taking a hammering?

Thanos · 15-05-2014 10:34am

quadrifoglio verde wrote: »

Taking a hammering?

Indeed, just sitting above 25c now could well dip into the 24's today......

dealhunter1985 · 15-05-2014 10:46am

I sure am

quadrifoglio verde · 15-05-2014 10:53am

dealhunter1985 wrote: »

I sure am

It goes with this share. It goes on rally's from time to time before falling back to a realistic level. For be close to 40c a share was never realistic for the bank.
At the same time 8-9c a share two years ago was undervalued.

Farmer Pudsey · 15-05-2014 10:53am

Thanos wrote: »

Indeed, just sitting above 25c now could well dip into the 24's today......

dealhunter1985 wrote: »

I sure am

You only take a profit or make a loss the day you sell. I wonder where all the 1 euro/share before the end of the year people are. Is this an opportunity or will they drop further.

BOI shares steadily rising... Worth a punt?

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