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BOI shares steadily rising... Worth a punt?

1616264666773

Comments

  • Registered Users, Registered Users 2 Posts: 1,389 ✭✭✭Thanos


    its a volatile stock so 5% up or down is commonplace

    we are fast approaching the time when wilbur ross can sell more of his holding , if he doesnt , i suspect we head to 30 pretty quick , if he does , we will dip below 20 before summer is over

    Is there a date? (could not find one in some of the bits i googled....)


  • Registered Users, Registered Users 2 Posts: 838 ✭✭✭lucky john


    Thanos wrote: »
    Is there a date? (could not find one in some of the bits i googled....)

    I'm fairly sure it has passed earlier this week.. My opinion is the sooner he sells the better. Noonan as well.


  • Registered Users, Registered Users 2 Posts: 1,704 ✭✭✭Mr.David


    Any idea what the 5% increase is about today?

    I would imagine its due to the ECB cut and Draghi's policy shift announced yesterday.


  • Registered Users, Registered Users 2 Posts: 387 ✭✭otterj


    sell


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  • Registered Users, Registered Users 2 Posts: 7,498 ✭✭✭BrokenArrows


    Good thing I sold at 28 the other day.


  • Banned (with Prison Access) Posts: 40 save_me_some


    Good thing I sold at 28 the other day.

    at least a 10% fall tomorrow , wont go past 30 cents for at least six months now , will need to fall back well below 20 cents before it bottoms

    huge story


  • Registered Users, Registered Users 2 Posts: 650 ✭✭✭euroboom13


    All the bears are marching to the tune of the pied piper, can anybody carve there own path anymore, or do we all just listen to the news and head in the direction it seems to be pointing in.

    Hold / buy /go long.... or let common perception blind you in all your investments.

    Good luck


  • Banned (with Prison Access) Posts: 40 save_me_some


    euroboom13 wrote: »
    All the bears are marching to the tune of the pied piper, can anybody carve there own path anymore, or do we all just listen to the news and head in the direction it seems to be pointing in.

    Hold / buy /go long.... or let common perception blind you in all your investments.

    Good luck

    i salute those who HOLD but the big institutions will short in droves off the back of this news , surely you accept that this is bearish in the short term ( at least ) ?


  • Registered Users, Registered Users 2 Posts: 3,528 ✭✭✭gaius c


    Ah he'll buy back again I'd say.
    Sometime after the stress tests.


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  • Registered Users, Registered Users 2 Posts: 838 ✭✭✭lucky john


    I going to hang in there became I think this was inevitable. Now a huge uncertainty has been removed and for the long term that's excellent. If only noonan would cash out now as well it would be great news.


  • Registered Users, Registered Users 2 Posts: 650 ✭✭✭euroboom13


    i salute those who HOLD but the big institutions will short in droves off the back of this news , surely you accept that this is bearish in the short term ( at least ) ?

    Will be volatile for a short while, so I wouldn't be playing with any spread but I wouldnt risk selling short term either.


  • Closed Accounts Posts: 337 ✭✭Value Hunter


    Sold his stock at a 10% discount 3 months ago, now basically dumped the remainder as soon as was possible under the lockout period. But I suppose its a great investment, that's why all the clever guys are dumping it eh??


  • Registered Users, Registered Users 2 Posts: 650 ✭✭✭euroboom13


    Sold his stock at a 10% discount 3 months ago, now basically dumped the remainder as soon as was possible under the lockout period. But I suppose its a great investment, that's why all the clever guys are dumping it eh??

    By the sounds of it ,you seem to think this stock has played out, i`m afraid your wrong ,the fun is only starting!

    As for your "cheerleading", you go girl!


  • Closed Accounts Posts: 337 ✭✭Value Hunter


    euroboom13 wrote: »
    By the sounds of it ,you seem to think this stock has played out, i`m afraid your wrong ,the fun is only starting!

    As for your "cheerleading", you go girl!

    Wow, your maturity seems to match your intelligence level.

    Moving on, yes I believe its played out, my reasons so have been well stated. You seem to think it can go to the moon, based on jack s*** but wishful thinking in all honesty.


  • Closed Accounts Posts: 502 ✭✭✭Seamus1964


    ...But I suppose its a great investment, that's why all the clever guys are dumping it eh...

    You are 77 years old one of the richest person on earth.
    You made over 500 million bucks over 3 years time period ,basically doing nothing.
    What would be the very reason to be extra clever and wait still more to come?


  • Registered Users, Registered Users 2 Posts: 650 ✭✭✭euroboom13


    Mature people don't chase the headlines with their commonly perceived wisdom.
    As for intelligence, when you get some you might witness some!

    Good luck.


  • Closed Accounts Posts: 1,118 ✭✭✭ABC101


    Excuse my ignorance, but if W.Ross is selling at 26 to 28 cent, does that not mean somebody else is buying at those prices?

    It's just a transfer of ownership, that right?

    In relation to the ECB stress tests at year end, I believe BOI will pass those tests.

    Of the few banks left operating in Ireland, BOI must be in the best condition, so if BOI were to fail, all the Other Irish banks would fail too. What's de ECB going to do, close down the entire Irish banking sector just because it does not meet the requirements?

    Anybody any thoughts?


  • Registered Users, Registered Users 2 Posts: 6,326 ✭✭✭Farmer Pudsey


    TBH he is not exactly giving them away. He saw an opportunity after the year end results to sell some and now he is exiting. He is not putting them on the market rather sell them in a price range. I imagine that it is a sort of tendering process. It would be nice to get a piece of the action but it will only be for the big boys.

    You have to be realistic about BOI share price. At 40c/sahre it is maxed out, at 25c it a under valued IMO. It is valued at about 7.5 billion at 25c/share I think


  • Closed Accounts Posts: 1,118 ✭✭✭ABC101


    My own opinion is that the share price will probably hover around 25 to 28 cent range for the time being.

    As the economy continues to improve, profits increase, losses and impairments reduce, BOI should get to the point where a dividend is being suggested. This is all good news coming down the tracks over the next number of years. The good news will put upward pressure on the SP.

    I'm in BOI for the long term, perhaps next 25 years, we're hopefully the SP will be in several euro by then.

    The one major concern I would have is that R.Boucher May now be more exposed to Govt interference. I believe the knives were out for Boucher some time ago....but W.R. Warned the DOF that if Boucher gets knifed W.R. and the other investors would pull out of BOI and in effect warning all investors that Ireland should be avoided on the global investment playing field.

    There is a risk that BOI could be damaged by ignorant meddling by the begrudgers in the Dept of Finance.

    That is IMO the greatest threat to the stock, meddling by a socialist Govt hell bent on making Ireland's highly progressive taxation policy even more progressive.


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  • Registered Users, Registered Users 2 Posts: 6,326 ✭✭✭Farmer Pudsey


    ABC101 wrote: »
    My own opinion is that the share price will probably hover around 25 to 28 cent range for the time being.

    As the economy continues to improve, profits increase, losses and impairments reduce, BOI should get to the point where a dividend is being suggested. This is all good news coming down the tracks over the next number of years. The good news will put upward pressure on the SP.

    I'm in BOI for the long term, perhaps next 25 years, we're hopefully the SP will be in several euro by then.

    The one major concern I would have is that R.Boucher May now be more exposed to Govt interference. I believe the knives were out for Boucher some time ago....but W.R. Warned the DOF that if Boucher gets knifed W.R. and the other investors would pull out of BOI and in effect warning all investors that Ireland should be avoided on the global investment playing field.

    There is a risk that BOI could be damaged by ignorant meddling by the begrudgers in the Dept of Finance.

    That is IMO the greatest threat to the stock, meddling by a socialist Govt hell bent on making Ireland's highly progressive taxation policy even more progressive.

    Government is only a minority shareholder in BOI so will have little influence other than thrugh Government policy. You also have to remember that next year the government want to sell some bank shares in the lead up to the election. The higher the price the better the feel good factor. If it interferes in banks it will scare away possible investors.


  • Closed Accounts Posts: 1,118 ✭✭✭ABC101


    Well they still have 14%, not a majority, but still sizeable. But in relation to R.Boucher and the fact that the DOF wanted his head on the chopping block, that is not my opinion, that was info I obtained from a person inside BOI.

    Irish politicians adore populism, facts are an inconvience, I saw W.R as a counterweight against a meddling Govt, remember John Moran is leaving DOF, so the players on the pitch have changed.

    Things are a bit more uncertain now.


  • Moderators, Education Moderators, Technology & Internet Moderators Posts: 35,117 Mod ✭✭✭✭AlmightyCushion


    ABC101 wrote: »
    Excuse my ignorance, but if W.Ross is selling at 26 to 28 cent, does that not mean somebody else is buying at those prices?

    It's just a transfer of ownership, that right?

    In relation to the ECB stress tests at year end, I believe BOI will pass those tests.

    Of the few banks left operating in Ireland, BOI must be in the best condition, so if BOI were to fail, all the Other Irish banks would fail too. What's de ECB going to do, close down the entire Irish banking sector just because it does not meet the requirements?

    Anybody any thoughts?

    They wouldn't have to close down, they'd have to find a way to increase their capital reserves. Either the state pumps more money into them or they sell off a portion of their loan books or something like that.


  • Registered Users, Registered Users 2 Posts: 6,326 ✭✭✭Farmer Pudsey


    If BOI fails the stress test at year end the EU will have serious issue. It is not just Irish banks. Banks accross Europe in Spain, Italy, Portagul and Greece will also be under pressure. EU monetary policy is under stress anyway. Interest rates are so low that they will have to lok at other way to stimulate economy. Last thing they need is the PIIGS needing to pump more money into banks or France for that matter.

    In general AIB and BOI will pass. PTSB may be under pressure as it has huge Tracker liability and little business lending to counterbalance. However in it case a fudge to create a third banking force may sort the issue.


  • Banned (with Prison Access) Posts: 40 save_me_some


    Seamus1964 wrote: »
    You are 77 years old one of the richest person on earth.
    You made over 500 million bucks over 3 years time period ,basically doing nothing.
    What would be the very reason to be extra clever and wait still more to come?

    because guys like him always want more , if he thought 50 cent was in sight within another three years , you can be sure he would have held on , he probably feels that we are heading in a hard left direction politically and that the likes of sinn fein in goverment , would strip him of his profits on bank of ireland

    in reality , he is a man who is known for buying distressed assets , him leaving most likely means bank of ireland is just another stock now , no more 100% gains within a few years , i myself sold today , i thought the sell off would be far bigger but i think their are numerous other stocks ( and banks ) which offer the same returns as bank of ireland going forward, some of them also pay a dividend while i wait

    bank of ireland has also been my most successfull stock investment since 2011


  • Closed Accounts Posts: 1,118 ✭✭✭ABC101


    Cantor Fitzgerald have a buy recommendation with a target of 35c a share based on FY17 results.

    I do believe BoI has good news coming in the future, leaving out a GE in which Ireland becomes under the control of extreme Marxist socialist Govt.

    Anything is possible!


  • Registered Users, Registered Users 2 Posts: 3,670 ✭✭✭quadrifoglio verde


    ABC101 wrote: »
    My own opinion is that the share price will probably hover around 25 to 28 cent range for the time being.

    As the economy continues to improve, profits increase, losses and impairments reduce, BOI should get to the point where a dividend is being suggested. This is all good news coming down the tracks over the next number of years. The good news will put upward pressure on the SP.

    I'm in BOI for the long term, perhaps next 25 years, we're hopefully the SP will be in several euro by then.

    The one major concern I would have is that R.Boucher May now be more exposed to Govt interference. I believe the knives were out for Boucher some time ago....but W.R. Warned the DOF that if Boucher gets knifed W.R. and the other investors would pull out of BOI and in effect warning all investors that Ireland should be avoided on the global investment playing field.

    There is a risk that BOI could be damaged by ignorant meddling by the begrudgers in the Dept of Finance.

    That is IMO the greatest threat to the stock, meddling by a socialist Govt hell bent on making Ireland's highly progressive taxation policy even more progressive.

    There's 32.3 billion shares in issue giving it a market cap of 8.9 capitalisation.
    For the share price to reach 7 euro with the current amount of shares in issue, it'd have a market cap of 226.1 billion.
    Even in 25 years I cannot see that happening unless Richie steers boi towards wall st and the next Goldman Sachs.


  • Closed Accounts Posts: 1,118 ✭✭✭ABC101


    There's 32.3 billion shares in issue giving it a market cap of 8.9 capitalisation.
    For the share price to reach 7 euro with the current amount of shares in issue, it'd have a market cap of 226.1 billion.
    Even in 25 years I cannot see that happening unless Richie steers boi towards wall st and the next Goldman Sachs.

    Very good point, however there could be share buy backs in the near future. about 2 years ago BoI were buying 50 mln shares at a time, not sure how much they bought in total, but I think it was around 250 mln shares.

    Having said that, de share price was lower then, around 8 cent ( I think).

    Maybe Wilbur is getting ready to buy AIB shares later on?


  • Banned (with Prison Access) Posts: 40 save_me_some


    ABC101 wrote: »
    Very good point, however there could be share buy backs in the near future. about 2 years ago BoI were buying 50 mln shares at a time, not sure how much they bought in total, but I think it was around 250 mln shares.

    Having said that, de share price was lower then, around 8 cent ( I think).

    Maybe Wilbur is getting ready to buy AIB shares later on?

    surely there are not enough of them in circulation for it to be worth his while , with a mere 1% float, it leaves little room for offloading the kind of holdings mr ross undertakes


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  • Registered Users Posts: 683 ✭✭✭conditioned games


    ABC101 wrote: »
    As the economy continues to improve, profits increase, losses and impairments reduce, BOI should get to the point where a dividend is being suggested. This is all good news coming down the tracks over the next number of years. The good news will put upward pressure on the SP.

    I'm in BOI for the long term, perhaps next 25 years, we're hopefully the SP will be in several euro by then.


    There is a risk that BOI could be damaged by ignorant meddling by the begrudgers in the Dept of Finance.

    That is IMO the greatest threat to the stock, meddling by a socialist Govt hell bent on making Ireland's highly progressive taxation policy even more progressive.

    There are bigger risks than that to the future share price of BOI. Wilbur is one of many billionaires who have been quietly dumping stocks over the last few months. Others to exit the stock markets include Warren Buffett, George Soros and John Paulson.

    Whats coming down the road in the international financial markets will make the fallout from 2008 look like a speed bump to the real thing. Thinking of holding on to BOI shares for the next few years is not the brightest of ideas. According to Wiedemer who predicted the last financial collaspe, says after the brief period of deflation this will be followed by a 90% stock market crash and hyper inflation. These people are billionaires because they know when to buy in and when to exit a stock market at the right time.


  • Registered Users, Registered Users 2 Posts: 650 ✭✭✭euroboom13


    There are bigger risks than that to the future share price of BOI. Wilbur is one of many billionaires who have been quietly dumping stocks over the last few months. Others to exit the stock markets include Warren Buffett, George Soros and John Paulson.

    Whats coming down the road in the international financial markets will make the fallout from 2008 look like a speed bump to the real thing. Thinking of holding on to BOI shares for the next few years is not the brightest of ideas. According to Wiedemer who predicted the last financial collaspe, says after the brief period of deflation this will be followed by a 90% stock market crash and hyper inflation. These people are billionaires because they know when to buy in and when to exit a stock market at the right time.

    If there is a 90% stock crash ,where is the hyper inflation coming?
    If cash is devaluing rapidly all assets go up, and banks benefit the most!
    But I do commend your report, Edgar Allen Poe would be proud!


  • Registered Users, Registered Users 2 Posts: 650 ✭✭✭euroboom13


    euroboom13 wrote: »
    another great thread bites the dust.....feel the pain of lost hope

    or is there any brave`s left!!.....(9.3cent for the record)
    13 June 2012

    Tried to tell people to be brave nearly exactly 2yrs ago and met the same wall of negativity and a common trait of all criticism was to question my intelligence!

    Go long people!


  • Closed Accounts Posts: 1,118 ✭✭✭ABC101


    surely there are not enough of them in circulation for it to be worth his while , with a mere 1% float, it leaves little room for offloading the kind of holdings mr ross undertakes

    I'm in no way any expert... however with 1% in circulation and the Govt holding 99%.... what I am thinking of is the Govt invites various institutional investors in...W.R. takes 15%, Govt holds 20%... other institutionals take 64% etc etc.

    The shares are sold at 2.5c to these institutionals etc.

    Then 3 years later... W.R. sells his AIB stock at 12c etc etc.

    I'm just surmising.. that's all.


  • Registered Users, Registered Users 2 Posts: 6,326 ✭✭✭Farmer Pudsey


    ABC101 wrote: »
    I'm in no way any expert... however with 1% in circulation and the Govt holding 99%.... what I am thinking of is the Govt invites various institutional investors in...W.R. takes 15%, Govt holds 20%... other institutionals take 64% etc etc.

    The shares are sold at 2.5c to these institutionals etc.

    Then 3 years later... W.R. sells his AIB stock at 12c etc etc.

    I'm just surmising.. that's all.

    Wish washy. AIB is valued at 55 billion with present share price. It real value is 2c/share. It is like lads thinking that BOI will be worth 5 euro in 10 years time or even 1 euro at year end. I am an optmist on BOI but not that farm. If it hits 40 sell, if it drops below 25 buy. With AIB keep a barge pole handy.


  • Closed Accounts Posts: 1,118 ✭✭✭ABC101


    There are bigger risks than that to the future share price of BOI. Wilbur is one of many billionaires who have been quietly dumping stocks over the last few months. Others to exit the stock markets include Warren Buffett, George Soros and John Paulson.

    Whats coming down the road in the international financial markets will make the fallout from 2008 look like a speed bump to the real thing. Thinking of holding on to BOI shares for the next few years is not the brightest of ideas. According to Wiedemer who predicted the last financial collaspe, says after the brief period of deflation this will be followed by a 90% stock market crash and hyper inflation. These people are billionaires because they know when to buy in and when to exit a stock market at the right time.

    Again I'm no expert... however I am led to believe there is a general feeling among investors that the easy pickings in Europe are over.

    If you are looking at making 300% every 3 years like WR... then you have to keep changing horses... coz eventually the horse you are on gets tired.

    In relation to the stock market crash... if one looks at the US markets they are reaching all time highs.... that I believe is because the FED has been printing US bills at a rate of knots, 2.8 Trillion I believe.

    Where has all this money gone... into the Stock markets.

    If Mario Draghi ECB starts a print run... the euro devalues... which will drive assets up, including stocks.

    I could be wrong of course... but that is my take on it.


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  • Registered Users Posts: 683 ✭✭✭conditioned games


    ABC101 wrote: »
    Again I'm no expert... however I am led to believe there is a general feeling among investors that the easy pickings in Europe are over.

    If you are looking at making 300% every 3 years like WR... then you have to keep changing horses... coz eventually the horse you are on gets tired.

    In relation to the stock market crash... if one looks at the US markets they are reaching all time highs.... that I believe is because the FED has been printing US bills at a rate of knots, 2.8 Trillion I believe.

    Where has all this money gone... into the Stock markets.

    If Mario Draghi ECB starts a print run... the euro devalues... which will drive assets up, including stocks.

    I could be wrong of course... but that is my take on it.

    Yep most of that printed money has gone into the stock markets. But if the inflated markets get a reality check then that built up energy has to go somewhere and that's when commodities rocket. Anyhow in bad times banks dont do well, companies dont borrow to expand, consumers tighten the belts and overall less business for banks. I think it is too risky to be investing in banks right now.


  • Registered Users, Registered Users 2 Posts: 650 ✭✭✭euroboom13


    Yep most of that printed money has gone into the stock markets. But if the inflated markets get a reality check then that built up energy has to go somewhere and that's when commodities rocket. Anyhow in bad times banks dont do well, companies dont borrow to expand, consumers tighten the belts and overall less business for banks. I think it is too risky to be investing in banks right now.

    Commodities are way to high already, that's why we have mining /exploration companies appearing everywhere.

    European stock had a reality check already.

    When things tighten up commodities fall not rise?

    Without banking there is no future(for capitalism).


  • Closed Accounts Posts: 1,118 ✭✭✭ABC101


    Wish washy. AIB is valued at 55 billion with present share price. It real value is 2c/share. It is like lads thinking that BOI will be worth 5 euro in 10 years time or even 1 euro at year end. I am an optmist on BOI but not that farm. If it hits 40 sell, if it drops below 25 buy. With AIB keep a barge pole handy.

    Not sure what you refer to when you use 'Wishy washy'...you mention 2c / share I wrote 2.5 c a share...are we not almost in de same ball park?


  • Closed Accounts Posts: 1,118 ✭✭✭ABC101


    Positive article on 'The Journal.ie'

    http://businessetc.thejournal.ie/bank-of-ireland-share-wilbur-ross-in-stride-1509308-Jun2014/

    Mentioning that WR specialises in distressed assets. BoI is no longer distressed....so time to move on.

    "Investec Ireland chief economist Philip O’Sullivan said that it seemed the market is taking the placement of Ross’ 1.8 billion shares in its stride.
    He said that the bank is generally in a good position, despite the investor’s decision to dump the remainder of his holding.
    “From an investor standpoint, Bank of Ireland has a lot of things going for it.”
    “It is highly leveraged to a recovering Irish economy, while the improving prospects for the housing market in particular offer the prospect for capital friendly provision write-backs following the conclusion of the EBC’s stress tests later this year.”

    Source .... The Journal, 10th June 2014.


  • Registered Users, Registered Users 2 Posts: 838 ✭✭✭lucky john


    There are bigger risks than that to the future share price of BOI. Wilbur is one of many billionaires who have been quietly dumping stocks over the last few months. Others to exit the stock markets include Warren Buffett, George Soros and John Paulson.

    I'd like to see where you got the information that Warren Buffet is exiting the stock market. That would go against everything he believes in so please post the links.


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  • Registered Users, Registered Users 2 Posts: 6,326 ✭✭✭Farmer Pudsey


    ABC101 wrote: »
    Not sure what you refer to when you use 'Wishy washy'...you mention 2c / share I wrote 2.5 c a share...are we not almost in de same ball park?

    The Wishy washy was the part where the share would be worth 12c in 3 years time. That values the bank at over 60 billion in 3 years time. 2+2.5 won't make 60 billion.


  • Closed Accounts Posts: 1,118 ✭✭✭ABC101


    The Wishy washy was the part where the share would be worth 12c in 3 years time. That values the bank at over 60 billion in 3 years time. 2+2.5 won't make 60 billion.

    Again.... as I mentioned previously...I was just surmising.... as distinct from guaranteed 100% exact forecast set in stone.

    If W.R. buys AIB at 2 or 2.5 or 2.3456633445 ... and sells at 6... or 8 etc instead of 12.

    It was just a general point.... buying low and selling higher regardless if it is 12 or 6 cent he sells at etc etc.

    I think it would be very funny... if having made x billion in BOI.... W.R. then goes on to make another y billion in AIB.


  • Registered Users Posts: 683 ✭✭✭conditioned games


    lucky john wrote: »
    I'd like to see where you got the information that Warren Buffet is exiting the stock market. That would go against everything he believes in so please post the links.

    I tried posting the link but boards is telling I cant as I'm a new user. However if you put "buffet investors exiting stock market" into google an article on newsmax comes up saying investors such as Buffet have been dumping their stocks.


  • Registered Users, Registered Users 2 Posts: 838 ✭✭✭lucky john


    I tried posting the link but boards is telling I cant as I'm a new user. However if you put "buffet investors exiting stock market" into google an article on rs such as Buffet have been dumping their stocks.

    That's a bit of a misleading article. It just mentioned the under performing stocks he reduced but nothing about what he did with the sale money. Here is the most up to date info on what he is actually doing that I could find.
    http://www.fool.com/investing/general/2014/02/17/heres-what-warren-buffett-has-been-buying-and-sell.aspx


  • Registered Users, Registered Users 2 Posts: 254 ✭✭Evergreen


    lucky john wrote: »
    That's a bit of a misleading article. It just mentioned the under performing stocks he reduced but nothing about what he did with the sale money. Here is the most up to date info on what he is actually doing that I could find.
    http://www.fool.com/investing/general/2014/02/17/heres-what-warren-buffett-has-been-buying-and-sell.aspx

    Actually, the fool.com article is dated in February 2014 and the Newsmax one is from June 11th 2014. Not saying the sentiment of the fool.com article is wrong, it's just not the most recent.


  • Banned (with Prison Access) Posts: 38 sepp_blatter


    motley fool is a pretty poor standard financial site IMO


  • Closed Accounts Posts: 1,118 ✭✭✭ABC101


    Interesting article in de independent, mortgage arrears fell by 6,000. In de last few months.

    Let's hope things steadily get better and people start to get their lives back etc


  • Registered Users, Registered Users 2 Posts: 838 ✭✭✭lucky john


    motle fool is a pretty poor standard financial site IMO


    Its not the FT but it's a lot more balanced the a headline that says "Billionaires dumping stocks" and then "A handful of billionaires are quietly dumping their American stocks . . . and fast.Warren Buffett, who has been a cheerleader for U.S. stocks for quite some time, is dumping shares at an alarming rate. He recently complained of “disappointing performance” in dyed-in-the-wool American companies like Johnson & Johnson, Procter & Gamble, and .....

    Buffet sells and BUYS stocks all the time. http://www.berkshirehathaway.com/news/2014news.html. or if you want it from the horse mouth google Warren Buffets letter to share holders 2014.

    The Internet is fantastic for information but plenty of agendas and contradictions. "Dumping stocks" gives the impression of panic selling. Buffet does not do panic, nor does Soros. I see headlines in papers this week saying Ross dumps BoI shares. The man made millions in profits on a very much planned sale. Guys new to investing reading headlines like that might question their on ability and panic for no reason.


  • Closed Accounts Posts: 1,118 ✭✭✭ABC101


    So according to John Murray..... W.R. is buying stock in Eurobank and not AIB as I surmised earlier.

    Perhaps AIB will come next year?

    This W.R. fellow is on a roll!!!!!!!!!!!!!!!!!!


  • Closed Accounts Posts: 502 ✭✭✭Seamus1964


    Or perhaps Eurobank is worth to buy and AIB is'nt?


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