Doomberg
Established member
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(IPM) Irish Life & Permanent Group - Down 50%+ in 24 hours (government takeover imminent)
(BKIR) Bank Or Ireland - Down to €0.23 despite reaching €0.48 after the €90 billion bailout, has continued to fall.
(ALBK) Allied Irish Bank - Down to €0.18 after December part nationalisation, they are now looking for a buyer.
Recent stress tests have pushed Bank Of Ireland right down, they are the only main bank in Ireland who have not had a full government takeover... There is so much uncertainly, no big investors will of been buying for the last few weeks, although many day traders have been raping 5% bounces per day for weeks / months... This thursday they will be announcing where they stand... People are speculating it will be good and that BOI will not be nationalised and the government simply could not afford it anyway, not one paper has even mantioned that BOI may be fully nationalised.
Allied Irish Bank are in a sorry state, much worse than BOI and were higher than BOI is now a coupe of days ago, BOI are in a much stronger position and if they survive full nationalisation then they are set for recovery in my opinion, personally i think BOI is too big to be fully nationalised and end up like the rest of the Irish Banks, but i've held off buying as the SP is dropping like a stone.
Whats your views - bargain or avoid like the plague?
(BKIR) Bank Or Ireland - Down to €0.23 despite reaching €0.48 after the €90 billion bailout, has continued to fall.
(ALBK) Allied Irish Bank - Down to €0.18 after December part nationalisation, they are now looking for a buyer.
Recent stress tests have pushed Bank Of Ireland right down, they are the only main bank in Ireland who have not had a full government takeover... There is so much uncertainly, no big investors will of been buying for the last few weeks, although many day traders have been raping 5% bounces per day for weeks / months... This thursday they will be announcing where they stand... People are speculating it will be good and that BOI will not be nationalised and the government simply could not afford it anyway, not one paper has even mantioned that BOI may be fully nationalised.
Allied Irish Bank are in a sorry state, much worse than BOI and were higher than BOI is now a coupe of days ago, BOI are in a much stronger position and if they survive full nationalisation then they are set for recovery in my opinion, personally i think BOI is too big to be fully nationalised and end up like the rest of the Irish Banks, but i've held off buying as the SP is dropping like a stone.
Whats your views - bargain or avoid like the plague?
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