BOI shares steadily rising... Worth a punt?

Static M.e. · 17-06-2014 7:53am

Anyone going to buy Eurobank then?

ABC101 · 17-06-2014 9:46pm

Well AIB at 10 or 11c is fantasy territory .......................... as we all know.

I was looking at the graph on Yahoo for Eurobank.... and at 41c it is looking pretty flat for some time now..... just like BoI when it bottomed out at 7c.

Decisions....... decisions.......

Now if I was a gambling man.........................!!!!!!!!!!!!!!!!!!!

ABC101 · 17-06-2014 9:52pm

Seamus1964 wrote: »

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

No Sh*t Sherlock!!!!!!!!!!!!!!!!

spear_mint · 05-07-2014 3:49pm

Value Hunter wrote: »

Remember the banks had massive profits during the boom because of the rampant property industry. That is gone. It won't becoming back. They won't be making anywhere near their past profits for many years to come. Wheres all this profit going to come from to justify a €60 Billion valuation??

Even in the boom the highest they reached was a market cap of €18 Billion, what makes you think the public are going to buy enough during a recession to put their value up to €60 Billion? Especially when they all have recent experience of a banking collapse??

They won't ever achieve a monopoly either, if theirs money to be made believe me competitors will enter the market

Best of luck if you'r investing, but honestly if your expecting to make profit from the public suddenly going bank share crazy and buying up so much shares so that their worth more than Goldman Sachs, I seriously think you need to rethink your strategy

Goldman Sachs made over €6 Billion profit last year

all those things you predicted eleven months ago which " were never coming back "

are back ! , property rebounding etc , i read the entire thread , you,ve been a permabear on bank of ireland from when it was around 10 cents , you talk of how it was worth 18 billion at the height of the boom and how that would transfer into 60 cents a share today , even this country makes an average return to prosperity , surely bank of ireland can recover to two thirds of the price it was at which would price it at 40 cents

i dont see bank of ireland finishing the year above 35 cents and it may not get above 40 cents for a few years but the days of it going back below 15 cents are well in the past

permabears are no more credible than permabulls , the reality is the aftermath of 2008 was never near as bad as the media made out , their were still plenty of people with money , those who had the money couldnt believe their luck as recent as 2011 when fine houses in south dublin could be bought for prices which had not been seen since the early to mid nineties , we hadnt a bomb dropped on us like japan in 1945 , we just had a banking crisis , we were always going to bounce back

Chancer3001 · 05-07-2014 6:51pm

Very simple question that shows what a NOOB I am....

if I want to buy shares in The Ftse 100 and in the Nasdaq. What codes (ya know the 3/4 letter codes you put in when buying) do I use?

Silly question, but struggling to figure it out!!

dharn · 05-07-2014 8:28pm

Just google stock quote for what company you are interested in buying ,eg apple nasdaq symbol, microsoft nasdaq symbol etc

ABC101 · 05-07-2014 9:34pm

Impossible to know the future.. however BoI are getting back on track, slowly turning a profit (since Jan 2014), much more experienced (due to crash in 2008), and Ireland's population has increased since 2008, by 13% (I think).

We have had the crash, the doldrum phase, BoI has survived and is gearing up for more profits.

I think a number of things will affect the share price over the next 12 to 18 months.

1) Recommencement of dividends, even a v.small one would be seen as positive.
2) Growing business due to pop growth and housing demand.
3) Declining levels of arrears due to people getting their jobs back.
4) A number of banks have upped sticks and left... this increases market share for those who remain... including BoI.

With 32 billion shares in issue... I would like to see share buybacks commence, this would increase the value of shares held by existing shareholders etc.

Who knows what will happen... but if the positives are increasing... and the negatives reducing... then I think we can say things are looking up which can only do one thing for the SP... and that is slowly upwards!!!

Chancer3001 · 05-07-2014 11:05pm

dharn wrote: »

Just google stock quote for what company you are interested in buying ,eg apple nasdaq symbol, microsoft nasdaq symbol etc

I'm not looking for shares in apple though or Microsoft. I'm looking to buy into the actual market. Or if I can't do that, a fund that just has the top 100 companies on the market....

Chancer3001 · 05-07-2014 11:06pm

Like for example...

The ftse 100 is the top 100 companies on the ftse.

Can I buy a share in that? In the ftse 100?

Again, sorry for being such a noob

quadrifoglio verde · 05-07-2014 11:10pm

Chancer3001 wrote: »

Like for example...

The ftse 100 is the top 100 companies on the ftse.

Can I buy a share in that? In the ftse 100?

Again, sorry for being such a noob

Sounds like you need an etf that tracks the index. Much less risk and can still be very profitable over the long run.

lucky john · 06-07-2014 12:31am

Chancer3001 wrote: »

Like for example...

The ftse 100 is the top 100 companies on the ftse.

Can I buy a share in that? In the ftse 100?

Again, sorry for being such a noob

As mentioned by q v an exchange traded fund ( etf. ) would suit you. There has been a couple of good threads and post on the subject on here over the last while. Have a look back at them and you will find the info you need there.

Chancer3001 · 06-07-2014 9:31am

An etf. Ok great.

So say I buy into an etf. I assume the company that has set up the etf takes commission off me or something?

spear_mint · 06-07-2014 10:58am

Chancer3001 wrote: »

An etf. Ok great.

So say I buy into an etf. I assume the company that has set up the etf takes commission off me or something?

correct , the main ones are ishares and vanguard , vanguard are cheaper but ishares have a broader range

if you just want a broad based one ,vanguard cannot be beat

spear_mint · 06-07-2014 8:11pm

odd1 wrote: »

ETF's are in vogue at the moment on quiet a few threads, so I Imagine commissions are quiet good.

they,ve been popular for near a decade and around for fifteen years

iknorr · 06-07-2014 8:35pm

Im in the same boat at the moment. How do I actually buy into these?
Im with AIB/goodbody and they dont seem to have any of these (maybe one)

Chancer3001 · 06-07-2014 9:55pm

I bought into an etf yesterday.

Get the stock symbol, or do a stock search for ETF and you'll get a list of them

iknorr · 06-07-2014 10:00pm

Chancer3001 wrote: »

I bought into an etf yesterday.

Get the stock symbol, or do a stock search for ETF and you'll get a list of them

I did but it seems like goodbody/aib dont do most vanguard.
Who did you buy through? Which broker?
Which ETF did u buy?

Chancer3001 · 06-07-2014 10:07pm

I use tddirectinvestment.

I bought an etf that tracks the ftse 250

I am planning to buy into another tracking the nasdaq 250

Disclaimer - I'm a complete noob. But I figured it out this morning! There are far more experienced people posting here

spear_mint · 06-07-2014 11:03pm

Chancer3001 wrote: »

I use tddirectinvestment.

I bought an etf that tracks the ftse 250

I am planning to buy into another tracking the nasdaq 250

Disclaimer - I'm a complete noob. But I figured it out this morning! There are far more experienced people posting here

most people dont know half enough about investing but if your scope is broad , your risk is spread , after that you just require patience

i made big money on bank of ireland and groupon last year but ive lost a fair bit on both in 2014 , been buying stocks since early 2012 , had i simply stuck every cent in the S+P ,id be as well off , in order to trade individual stocks correctly , you need to understand charts , ranges , etc , its fine getting out with a nice profit but then you have the headache of choosing when to get back in , eventually you realise that " buy and hold " is the best stategy

ABC101 · 10-07-2014 11:12am

spear_mint wrote: »

its fine getting out with a nice profit but then you have the headache of choosing when to get back in , eventually you realise that " buy and hold " is the best stategy

Yeah I would tend to agree.... however I would also advise getting out at a loss if you know the company is continuing to go down and down.

One example.... Royal Imtech....I took a loss when I sold at 1.4 euro... they have continued down to 0.62 euro and I believe they will continue down lower.

I held on as long as I could.... but eventually I had to swallow my pride and get out before it became a total loss.

BoI down over the last few weeks.... and may continue to go down some more... but I am going long on BoI as I believe the fundamentals are all heading in the right direction.

Chancer3001 · 10-07-2014 1:21pm

Yeah I'm going. Dry long on boi. Value has been dropping recently but in a decade or so I think there will be decent money made.

country_mouse · 11-07-2014 12:10pm

bank of ireland dipped under the support line of 24 cents yesterday , now " experts " often say that an intra day price is unimportant and the stock finished the day above support but i wouldnt be surprised if bank of ireland dips to 20 cents in the coming few months , wilbur ross only got out at 26.5 cents , seems unlikely an incredibly successfull investor would sell if he thought the share was going to rise back above 30 cents this year , its not like his risk today should be greater than when he first bought in at ten cents in 2011 , back then , many thought nationalisation was a possibility , its not unheard of for stocks to drop 50% while being ok , apple dropped from around $ 705 in 2012 to a low of $350 or thereabouts around this time last year , its now almost back to its all time high if you work out the recent stock split

bank of ireland went too high ( too quickly ) to 38 cents and 50% of that price is 19 cents , could happen

Farmer Pudsey · 12-07-2014 4:10pm

country_mouse wrote: »

bank of ireland dipped under the support line of 24 cents yesterday , now " experts " often say that an intra day price is unimportant and the stock finished the day above support but i wouldnt be surprised if bank of ireland dips to 20 cents in the coming few months , wilbur ross only got out at 26.5 cents , seems unlikely an incredibly successfull investor would sell if he thought the share was going to rise back above 30 cents this year , its not like his risk today should be greater than when he first bought in at ten cents in 2011 , back then , many thought nationalisation was a possibility , its not unheard of for stocks to drop 50% while being ok , apple dropped from around $ 705 in 2012 to a low of $350 or thereabouts around this time last year , its now almost back to its all time high if you work out the recent stock split

bank of ireland went too high ( too quickly ) to 38 cents and 50% of that price is 19 cents , could happen

BOI is not falling in isolation. The ISEQ and the markets have droped right accross Europe. Maybe it will drop below 20c and maybe not. Below 20c will be a really good buying opportunity. Penny shares tend to drop and rise substancially over short periods.

euroboom13 · 24-07-2014 4:09pm

Moving again, bout time..... good luck...............25.8c

ABC101 · 24-07-2014 4:49pm

Hmmmm.... the Ukranian situation and MH17 really has given the markets a beating over the last few days... things looking up a bit today.

I wonder at what price the Irish Govt will start selling at... and will this put more upward pressure on the stock price?

Anybody any thoughts about when Dividends will commence?

Gman1987 · 24-07-2014 9:45pm

I'd say the report out today on house prices help to push this one up. Good to see it.

investorboy · 24-07-2014 10:14pm

ABC101 wrote: »

I wonder at what price the Irish Govt will start selling at... and will this put more upward pressure on the stock price?

QUOTE]

How would selling push up a stock price?

lucky john · 24-07-2014 10:16pm

Bit of positioning before half year results on August 1st. There should be a little run up until then but its been so volatile lately nothing is sure.

ABC101 · 25-07-2014 10:17am

investorboy wrote: »

ABC101 wrote: »

I wonder at what price the Irish Govt will start selling at... and will this put more upward pressure on the stock price?

QUOTE]

How would selling push up a stock price?

I'm guessing.... surmizing etc... that markets see LESS Govt ownership of a stock as a good thing. The attractiveness of a stock can be increased as Govt populist meddling is removed / reduced.

For example sometimes a company has to lay off thousands of employees, set a new direction, introduce short term pain for the longer greater good of the company.

If a Govt has 15 or 25% of the shares,,, then it may not want to do this... as it will hurt the Govt populist vote with the electorate.

ddoylers · 25-07-2014 10:26am

Very new to stocks and shares. And very green in my knowledge. Ave 1000euro to invest. Thinking boi. How do I go about it?
All help much appreciated.

ABC101 · 25-07-2014 11:02am

ddoylers wrote: »

Very new to stocks and shares. And very green in my knowledge. Ave 1000euro to invest. Thinking boi. How do I go about it?
All help much appreciated.

The fastest way to lose friends / make enemies... is to give advice on which stocks to buy!!:o

You require to set up a trading / custody account i.e. Goodbody, Davy, or others like Saxo bank, Fidelity, TD ameritrade...

Make sure you do your research with fees, commissions, annual levies etc. You would be surprised at how expensive some are compared to others.

Different brokers can have different access to various markets etc.

lucky john · 25-07-2014 1:29pm

ddoylers wrote: »

Very new to stocks and shares. And very green in my knowledge. Ave 1000euro to invest. Thinking boi. How do I go about it?
All help much appreciated.

Been honest 1000euro is very small if you want to buy shares. If your sure its shares you want than dont bother with opening an account. Fees will cost you too much. Just buy them as a once off transaction. Depending on where you that it could cost you up to 20% of the 1000. Thats why it might not be the best way to invest your money.

If you live anywhere near mullingar there is a financial firm there that will complete the transaction for you for 60euro plus tax. I'm sure there are other places similar in other towns.

quadrifoglio verde · 25-07-2014 2:06pm

lucky john wrote: »

Been honest 1000euro is very small if you want to buy shares. If your sure its shares you want than dont bother with opening an account. Fees will cost you too much. Just buy them as a once off transaction. Depending on where you that it could cost you up to 20% of the 1000. Thats why it might not be the best way to invest your money.

If you live anywhere near mullingar there is a financial firm there that will complete the transaction for you for 60euro plus tax. I'm sure there are other places similar in other towns.

My first share purchase was 1k and sold 18 months later for 2.3 k. I was using it as a learning experience.
Campbell O Connor charged me 25 euro

otterj · 25-07-2014 3:35pm

€1300 return before tax still better than putting it into a deposit a/c

lucky john · 25-07-2014 5:09pm

quadrifoglio verde wrote: »

My first share purchase was 1k and sold 18 months later for 2.3 k. I was using it as a learning experience.
Campbell O Connor charged me 25 euro

How did the second purchase go? Are C.O'Connor still charging 25euro? That's excellent value.

ddoylers · 26-07-2014 6:20am

Its a lottery I know but going to take a punt on boi. Leave for a yr or 2 then hopefully €€€.
Thanks to all above for advice

Seamus1964 · 26-07-2014 4:03pm

That's my boy

Seamus1964 · 01-08-2014 8:15am

http://www.independent.ie/business/irish/bank-of-ireland-reports-profit-of-399m-says-all-public-servants-have-now-been-paid-30476582.html

Looks like share price may raise a little

ABC101 · 01-08-2014 10:22am

Seamus1964 wrote: »

http://www.independent.ie/business/irish/bank-of-ireland-reports-profit-of-399m-says-all-public-servants-have-now-been-paid-30476582.html

Looks like share price may raise a little

I would like to think that it will be hovering in the low 30's by the end of the year. BoI is on the road to larger profitability.... all I can see is nothing but good news for the bank in the medium term.

Chancer3001 · 16-08-2014 3:05pm

Finally back to where I bought in at 28

ABC101 · 24-08-2014 8:09am

Looks like November will be the next financial update.

Provided a major oil shock (Russians turning off the gas etc) does not occur in 2014, then I am optimistic that the SP will be in the low to mid 30's, possibly 31 to 33 cent by the end of the year

Here's hoping anyway!!

tv_dinner · 24-08-2014 12:21pm

ABC101 wrote: »

Looks like November will be the next financial update.

Provided a major oil shock (Russians turning off the gas etc) does not occur in 2014, then I am optimistic that the SP will be in the low to mid 30's, possibly 31 to 33 cent.

Here's hoping anyway!!

it could just hover around 30 for the next twelve months , kerry groups share price has hovered between 52 and 57 euro for a year , bank of ireland got too far ahead of itself when it touched 38 cents

lucky john · 25-08-2014 7:02am

ABC101 wrote: »

Looks like November will be the next financial update.

Provided a major oil shock (Russians turning off the gas etc) does not occur in 2014, then I am optimistic that the SP will be in the low to mid 30's, possibly 31 to 33 cent by the end of the year

Here's hoping anyway!!

Boi don't do quarterly results. There might be a short ims but FY results in March 2015 will be the next update. Don't forget stress (which they will pass) tests and qe affecting share price before then as well.

ABC101 · 25-08-2014 3:01pm

lucky john wrote: »

Boi don't do quarterly results. There might be a short ims but FY results in March 2015 will be the next update. Don't forget stress (which they will pass) tests and qe affecting share price before then as well.

March 2015 it is then.

Any opinions on the QE effect on the SP? Rough ballpark figure? 5%, 10% etc

I suppose it depends for how many quarters Draghi keeps the printing presses rolling?

lucky john · 25-08-2014 8:34pm

ABC101 wrote: »

March 2015 it is then.

Any opinions on the QE effect on the SP? Rough ballpark figure? 5%, 10% etc

I suppose it depends for how many quarters Draghi keeps the printing presses rolling?

Thats a hard question to answer. Banks should benefit nicely because most of the qe is funnelled through them. They should be able to shift bonds of little value for cash and then lend on the cheap cash into the economy making a profit on that transaction. The main benefit should be the Euro falling in value making exporting easier and getting the economy moving. May take a while but there should be a big konck on effect on bank profits from there. How fast any of this builds in to to share price is not easy to predict.

Leaving external factors like Ukraine aside there has to be a more than a fare chance boi will be within touching distance of 40c next March. At that stage I expect them to announce 1billion plus in FY profits. Thats one even two years a head of predictions at the start of this year.

ABC101 · 27-08-2014 7:24pm

O.K........

What Happened?????????????????????

BoI up 3.74% today... coming in at 30.5 cent / share????:eek:

Any ideas anyone????

Roger_007 · 27-08-2014 9:47pm

ABC101 wrote: »

O.K........

What Happened?????????????????????

BoI up 3.74% today... coming in at 30.5 cent / share????:eek:

Any ideas anyone????

The rise in house prices is making their loan book look better all the time. If the house price trend continues and spreads nationwide, and the ECB stress test is satisfactory, it is likely that BOI will be up to at least 50 cents by the end of the year.

ABC101 · 27-08-2014 9:54pm

Roger_007 wrote: »

The rise in house prices is making their loan book look better all the time. If the house price trend continues and spreads nationwide, and the ECB stress test is satisfactory, it is likely that BOI will be up to at least 50 cents by the end of the year.

WOW.......double WOW..WOW WOW....

Are you serious... over 50c by year end.....!!!!!

Dickie10 · 27-08-2014 10:13pm

bought boi shares in april 2013 at 15cents. this was my first ever share purchase I put 3500 euro in that I was going to buy my first car with. my plan is to leave the money there until the next construction boom, I imagined it would be 10 years and I was happy with that. do people think what is in store over next 6 years? im in 3rd year in college so might get a loan for my h dip instead of touching this money

Farmer Pudsey · 27-08-2014 10:31pm

ABC101 wrote: »

WOW.......double WOW..WOW WOW....

Are you serious... over 50c by year end.....!!!!!

Dickie10 wrote: »

bought boi shares in april 2013 at 15cents. this was my first ever share purchase I put 3500 euro in that I was going to buy my first car with. my plan is to leave the money there until the next construction boom, I imagined it would be 10 years and I was happy with that. do people think what is in store over next 6 years? im in 3rd year in college so might get a loan for my h dip instead of touching this money

Forget about share value look at the over all value of the bank. If it hits 50C before year end it will stay static for next 4-5 years. Sell at high 30's buy below 25c/share

BOI shares steadily rising... Worth a punt?

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