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Bank of Ireland shares

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13567…50

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    #62
    ranger4
    Registered Users Posts: 1,368 ✭✭✭ranger4


    18c support well and truly broke, next support range 0.1630 however i expect sp to retrace to 0.15 soon.


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    #63
    draiochtanois
    Registered Users Posts: 2,655 ✭✭✭draiochtanois


    This post has been deleted.


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    #64
    P_Cash
    Registered Users Posts: 712 ✭✭✭P_Cash


    Half of the balance sheet is in £ hence slide


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    #65
    draiochtanois
    Registered Users Posts: 2,655 ✭✭✭draiochtanois


    This post has been deleted.


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    #66
    BrokenArrows
    Registered Users Posts: 7,500 ✭✭✭BrokenArrows


    P_Cash wrote: »
    Half of the balance sheet is in £ hence slide

    Even if that were true the £ has only slid by 7.5%. BOI is down about 35%.
    Im keeping an eye to see what it does.


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    #67
    draiochtanois
    Registered Users Posts: 2,655 ✭✭✭draiochtanois


    This post has been deleted.


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    #68
    Roonbox
    Registered Users Posts: 498 ✭✭Roonbox


    All European banks are taking a hammering.
    There may be a visit to the 2009 lows here for B Of I


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    #69
    Hollister11
    Closed Accounts Posts: 5,482 ✭✭✭Hollister11


    Is there a minimum amount you have to spend when buying shares,


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    #70
    BrokenArrows
    Registered Users Posts: 7,500 ✭✭✭BrokenArrows


    Hollister11 wrote: »
    Is there a minimum amount you have to spend when buying shares,

    In theory no. But in practice you need to buy enough so that the fees involves in buying/selling makes profit obtainable and reasonable.

    For example it might cost you €50 in fees to buy and sell.
    So if you buy €100 worth of shares you need to make 50% just to break even. But if you buy €5000 worth of shares you just need to make 1% to break even.


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    #71
    iamfromcork
    Registered Users Posts: 158 ✭✭iamfromcork


    If they hit under .10 I'll be buying again. Sold at .34 the last time but it was by chance as i wanted to invest in something else.


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    #72
    iainBB
    Registered Users Posts: 460 ✭✭iainBB


    Stay well away from
    one penny stock
    . two banks.
    And three Irish stock right now.

    We are at the beginning of a bear market now. It could swing back to bull but stay out or be very short in them.


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    #73
    lucky john
    Registered Users Posts: 838 ✭✭✭lucky john


    BrokenArrows wrote: »
    Even if that were true the £ has only slid by 7.5%. BOI is down about 35%.
    Im keeping an eye to see what it does.

    Its about 40% turnover and 16% profit. bank holds about 9 billion UK government bonds as well . In H1 a 7% drop in stg rate took 3billion euro from the banks deposit base.
    Markets seem to be pricing in a UK and possible EU implosion.


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    #74
    Amirani
    Moderators, Society & Culture Moderators Posts: 12,521 Mod ✭✭✭✭Amirani


    P_Cash wrote: »
    Half of the balance sheet is in £ hence slide

    40% of balance sheet but 50% of resi mortgages.


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    #75
    Amirani
    Moderators, Society & Culture Moderators Posts: 12,521 Mod ✭✭✭✭Amirani


    draiochtanois wrote: »
    What is your source for that?

    Annual report always useful. Any of the rating agencies/investor research would call it out too if you have access.


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    #76
    newacc2015
    Closed Accounts Posts: 2,379 ✭✭✭newacc2015


    It is weird how stocks have been rallying for 3 days on the probably of the UK not actually leaving the EU, while the share price of BOI has flat lined. Two directors brought shares at 19 cent each on Wednesday, so maybe there is some chance of a rally

    BOE is expecting to cut their interest rates in Q3, so having £9bn in bonds isnt entirely a bad thing as the bonds will rise in value.


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    #77
    iainBB
    Registered Users Posts: 460 ✭✭iainBB


    newacc2015 wrote: »
    It is weird how stocks have been rallying for 3 days on the probably of the UK not actually leaving the EU, while the share price of BOI has flat lined. Two directors brought shares at 19 cent each on Wednesday, so maybe there is some chance of a rally

    BOE is expecting to cut their interest rates in Q3, so having £9bn in bonds isnt entirely a bad thing as the bonds will rise in value.
    Stock are up the last 3 day due artificial government intervention QE . promising federal rates unchanged. And bond buying.

    But banks are a different story.


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    #78
    Hollister11
    Closed Accounts Posts: 5,482 ✭✭✭Hollister11


    So over the next 2-3 years should these shares go up or down.


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    #79
    Francie Barrett
    Registered Users Posts: 16,375 ✭✭✭✭Francie Barrett


    newacc2015 wrote: »
    Two directors brought shares at 19 cent each on Wednesday, so maybe there is some chance of a rally
    More shares bought on Thursday.

    Personally while I don't own Bank of Ireland, I did buy other bank shares this week (I have them coming out of my ears now). Bank of Ireland looks cheap, but I think there are others out there that can give a 100% return. Having said that, as a tactical trade, Bank of Ireland could be worth looking at.

    Bank of Ireland should earn about €800-€900M for 2016 with market cap of €6bn. Current environment is awful, but surely if you bought now and hung on for 10x earnings, you could potentially get out of this in maybe 6 months time with a 50% profit when all the Brexit thing dies down.

    If you had a long term view (2 years+), you could buy now with the expectation that dividends will be back by the end of that period. You could be looking at a 10% dividend yield on a purchase price of today at that point.


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    #80
    iainBB
    Registered Users Posts: 460 ✭✭iainBB


    Don't buy because it's cheap now. It's cheap for a reason. There are better returns else where for your hard earned cash.

    YES it will go up but way to slow for my money.

    The question is not will the go up or down but how fast will i get an return and the answer is way to slow.
    2 year return I would want and get 15% and 25% return before tax. I will not get that from the bank.

    Avoid irish banks and invest in good companies or funds. For faster return.


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    #81
    Islander13
    Registered Users Posts: 1,218 ✭✭✭Islander13


    iainBB wrote: »
    Don't buy because it's cheap now. It's cheap for a reason. There are better returns else where for your hard earned cash.

    YES it will go up but way to slow for my money.

    The question is not will the go up or down but how fast will i get an return and the answer is way to slow.
    2 year return I would want and get 15% and 25% return before tax. I will not get that from the bank.

    Avoid irish banks and invest in good companies or funds. For faster return.

    What absolute drivel


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    #82
    iainBB
    Registered Users Posts: 460 ✭✭iainBB


    Islander13 wrote: »
    What absolute drivel

    Ha which bit?


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    #83
    iainBB
    Registered Users Posts: 460 ✭✭iainBB


    Buying high risk penny stock is a good idea?
    Buying banks linked to EU / UK dept risk
    Buying because the look cheap.
    Buy and hold and hope for 2 plus year you get a return?
    Buy stock you have no idea about?


    Investment is about planing knowing you area. Buy good companies on the up, new products Growth. Change of management etc.
    Technical analysis is good and sales and QR/QR EPS up.

    Putting 10k for example into bank of Ireland for 2 year on a wing and pray is madness.
    Put it into a wide spread high divided yield etf/etn if you don't know what you are doing and I guess you don't based on the question.


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    #84
    Grecco
    Closed Accounts Posts: 1,007 ✭✭✭Grecco


    iainBB wrote: »
    Buying high risk penny stock is a good idea?
    Buying banks linked to EU / UK dept risk
    Buying because the look cheap.
    Buy and hold and hope for 2 plus year you get a return?
    Buy stock you have no idea about?


    Investment is about planing knowing you area. Buy good companies on the up, new products Growth. Change of management etc.
    Technical analysis is good and sales and QR/QR EPS up.

    Putting 10k for example into bank of Ireland for 2 year on a wing and pray is madness.
    Put it into a wide spread high divided yield etf/etn if you don't know what you are doing and I guess you don't based on the question.

    Fair points but I think you are being overly negative towards BOI
    Every Bank has Debt, that`s the business get over it.
    Market cap of under 6 billion yet they will have an operating profit over 1.2 billion this year.
    Bad loan book isnt looking anywhere near as bad as first thought, many of these bad loans are now performing.
    The cherry on the cake now is it looks like there maybe a second Brexit referendum in the UK. Forget the doom stayers and Don`t miss this opportunity.


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    #85
    Francie Barrett
    Registered Users Posts: 16,375 ✭✭✭✭Francie Barrett


    iainBB wrote: »
    Buying high risk penny stock is a good idea?
    A share price isn't really an indication of quality.
    iainBB wrote: »
    Buying banks linked to EU / UK dept risk
    The hit to sterling and the coming blip for the UK economy doesn't justify the collapse of the share price in my opinion.
    iainBB wrote: »
    Buying because the look cheap.
    Well you hardly want to buy them when they look dear! :)
    iainBB wrote: »
    Buy and hold and hope for 2 plus year you get a return?
    Yep. I think this one is worth book value of 27c and reckon at some point in the next 2 years, the share price will match that number. Excluding dividends, that's a 50% return.


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    #86
    Grecco
    Closed Accounts Posts: 1,007 ✭✭✭Grecco


    Francie Barrett wrote: »
    . Excluding dividends, that's a 50% return.

    Dividends from this bank will be significant over the next 5 years, in fact they are going to be a source of public anger as they milk the public for more profits.
    Good for share holders though :D


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    #87
    newacc2015
    Closed Accounts Posts: 2,379 ✭✭✭newacc2015


    iainBB wrote: »
    Buying high risk penny stock is a good idea?
    Buying banks linked to EU / UK dept risk
    Buying because the look cheap.
    Buy and hold and hope for 2 plus year you get a return?
    Buy stock you have no idea about?


    Investment is about planing knowing you area. Buy good companies on the up, new products Growth. Change of management etc.
    Technical analysis is good and sales and QR/QR EPS up.

    Putting 10k for example into bank of Ireland for 2 year on a wing and pray is madness.
    Put it into a wide spread high divided yield etf/etn if you don't know what you are doing and I guess you don't based on the question.

    It is only a penny stock, as it is the way the shares are structured from the state investment in it. Do you think BOI should merge 100 for 1 new share to have a more 'feel good' factor for investors like you?

    Do you know what country has the most profitable new mortgages in Europe? Dodgy holes like Slovakia? Czech Republic? Poland? No it is Ireland by a fair bit. Irish banks are being compensated for 'risk' more so than banks in far riskier countries. Ireland has the lowest interest rates on deposits in Europe. We have some of the most expensive car loans and SME loans in Europe. Banking is highly profitable in Ireland

    BOI is one of the few banks in Europe, that has tidied up with their balance sheet. Banks in Italy, Austria and Spain have yet to deal with a ton of bad loans on their book. BOI does not have that problem

    Growth of a bank stock with new products? Do you understand what banking is? It is not like Apple where they can change the industry with a new product. BOI and AIB basically have a duopoly on banking in Ireland. A monopoly should be trading more than a PE of 7. Even higher risk US regional banks have a PE of about 20-25.


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    #88
    intellectual dosser
    Registered Users Posts: 1,826 ✭✭✭intellectual dosser


    Im not big into following or understanding markets but I do have some BOI shares and have watched them fall from high 30's to dipping just under 17 this morning (Got in low 20's two years ago).

    The news on the UK economy yesterday was fairly startling, its going to take banks in London months to raise the cash to pay investors who want their money out. What is this going to trigger? It does have a shuddering familiarity to it.

    So my dilema is, do I sell now at a roughly 25% loss or risk it all and hope for the best.


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    #89
    draiochtanois
    Registered Users Posts: 2,655 ✭✭✭draiochtanois


    This post has been deleted.


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    #90
    Hollister11
    Closed Accounts Posts: 5,482 ✭✭✭Hollister11


    Closed at.16c


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    #91
    Roonbox
    Registered Users Posts: 498 ✭✭Roonbox


    intellectual dosser wrote: »
    Im not big into following or understanding markets but I do have some BOI shares and have watched them fall from high 30's to dipping just under 17 this morning (Got in low 20's two years ago).

    The news on the UK economy yesterday was fairly startling, its going to take banks in London months to raise the cash to pay investors who want their money out. What is this going to trigger? It does have a shuddering familiarity to it.

    So my dilema is, do I sell now at a roughly 25% loss or risk it all and hope for the best.
    Markets are forward looking and the info that you have is widely available and so already priced in.
    Buy low and sell high.
    It sounds easy but its not.


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