BOI at 0.13

AIB 27c
BOI 12.5c
ILP 80c

Nationalisation when ?

Uh oh ...


http://www.bloomberg.com/index_americas.html

Banks enjoying a bit of a rally today.

BOI 0.18
AIB 0.37

EvotingMachine0197 wrote:

Banks enjoying a bit of a rally today.

BOI 0.18
AIB 0.37

BOI are up 50% ...

Is there an injustice being done to those banks by the markets though?

Why are the last trades just before closing always really big ?

On shares generally trading is difficult and sales down. Two types of companies to look for, the first is one with new or competitive products that make their own market and the second is one that has a strong asset base when compared to liabilities. With falling share prices eventually the assets in many companies exceed the share value.

Also worth considering which sectors come out of a recession first and which will always be needed.

Hey people! this should have gone in the good news thread, perhaps, but it is locked for some strange reason.

http://www.finfacts.ie/irishfinancenews/article_1016150.shtml

ISEQ up, financials up, and, way down at the bottom of the article, for the first time in 22 months, the rate of decline in an OECD economic indicator decreased. Getting near the bottom??

had an interesting chat with a friend who works for AIB on the weekend (technical support, not a banker). Says their PR office has its hands full chasing foreign media organisations which start news item referring to Anglo Irish Bank and then start calling it AIB......well, THAT might explain some of the slump in the share price, now, mightn't it??

Almost feeling sorry for Eugene Sheehy.... and almost tempted by bank shares, now....

Stay away from the light expat girl!

Good news ISEQ Financials are surging at the moment and are up at over 280.

expat girl wrote:

Hey people! this should have gone in the good news thread, perhaps, but it is locked for some strange reason.

http://www.finfacts.ie/irishfinancenews/article_1016150.shtml

ISEQ up, financials up, and, way down at the bottom of the article, for the first time in 22 months, the rate of decline in an OECD economic indicator decreased. Getting near the bottom??

had an interesting chat with a friend who works for AIB on the weekend (technical support, not a banker). Says their PR office has its hands full chasing foreign media organisations which start news item referring to Anglo Irish Bank and then start calling it AIB......well, THAT might explain some of the slump in the share price, now, mightn't it??

Almost feeling sorry for Eugene Sheehy.... and almost tempted by bank shares, now....

I find it amazing that there wasn't some legal means of blocking them setting up as Anglo Irish given the obvious confusions that were going to arise over the shared AIB initials.

Iseq at 1929 ....



http://www.sharewatch.com/iseq.php

Construction companies all going south.

Auditor #9 wrote:

Iseq at 1929 ...

In more ways than one!

The ISEQ index is a meaningless figure really. I pay little or no attention to it. The different industries, financial, transport, food, construction, telecomms etc are performing completely differently and really can only be regarded in their own contexts.

Yes. Was it the case last year when the big financial falls were going on, that they were very dominant/evident in the fall of the ISEQ ? And now that they are at less than a €, they don't amount to a hill of beans?

Hence the apparently big impact from a few big construction firms.

The markets rising today - nothing to do with Madoff going to speak in court today (yahoo) would it? He's expected to plead guilty to fraud on Thursday.


http://www.bloomberg.com/?b=0&Intro=intro3
http://www.ise.ie/app/popup_graph.asp?INDEX_TYPE=

The banks are up 3 days in a row. I like that.

I think the BOI annual report is due end of month. Can anyone confirm that ?

EvotingMachine0197 wrote:

The banks are up 3 days in a row. I like that.

I think the BOI annual report is due end of month. Can anyone confirm that ?

I think it is impossible to read anything into the Irish bank shares prices at this stage.
Down 99% or 98% still means the market believes the Irish banks are practically insolvent

It just isn't worth worrying about the price of shares at the moment, quite a few companies will go under before the year is out. If you MUST buy now look for businesses with solid assets and an understandable balance sheet. Most businesses fail due to insolvency but that does not necessarily mean that their liabilities exceed their assets. Often it merely means that they cannot raise the necessary loans. With Banks it is a different matter.