Category: Shares

Is AIB’s sale of M&T..legal ? »

Directors of public companies have certain legal (and moral) responsibilities vis-a-vis shareholders, including duties of care and loyalty and the duty of full disclosure of pertinent facts surrounding matters on which shareholders are asked to vote. These responsibilities are particularly important at a time when the company is being taken over, which is in effect […]

A Good NAMA and a Bad NAMA »

I was strongly in favour of the NAMA scheme, when it was first revealed: It seemed like it could really help resolve the banks’ liquidity problem, while costing the taxpayer nothing. Remember, the banks had extended billions in commercial and development property loans, against security which was fast-falling in value in the crashing property market. […]

What we dont know about NAMA and allied matters »

Í read on that good blog, www.Irish Economy.ie, that the State proposes to provide promissory notes as its capital commitment to the funding of Anglo Irish Bank. If that’s true then it means that Anglo must be planning to raise equity elsewhere in order to meet the new (still just proposed) Basel III standards ( […]

AIB can meet the challenge »

The consequences of the NAMA and allied announcements yesterday included a slight fall in the share price of AIB today, amid very heavy trading, and a sharp rise in the price of BOI. The market seems to think that the State will end up owning more of AIB- probably a majority most people say -than […]

Report on my “gamble on AIB” suggestion »

On Feb. 28 I wrote a piece entitled “A Gamble on AIB today?” (see below), in which I recommended a flutter on AIB at that time. I’m happy to say !..yes, happy, because at that time the share was c. 1.00 euro, and it since–almost immediately- rose to c. 1.65 euro last week…an enormous profit […]

Banks – no need to panic »

So, we have arrived at the moment of truth..NAMA is to reveal the price it will pay and the banking system will end up in government hands, according to the professional professors, the insider winkers, the usually well informad media commentators and the bewildered of RTE. Well, I think they’re wrong. I’m sticking my neck […]

A gamble on AIB today? »

I reproduce my contribution to the discussion board, Ask About Money, where Seantheman had “accused” me (politely) of probably being a disenchanted BOI shareholder. ” To Seantheman No, I never bought BOI, but it may now be time to do so. For those with loose cash–that excludes me !- it could be the opportunity of […]

A master purveyor of popular misconceptions »

Vincent Browne’s late night chat show on TV3 is the best on television. Always amusing, often laughable, Vincent excels at pushing misconceptions on current topics down the throats of his invited guests and demonstrating to us how often he can leave them speechless and unable to correct him.(Of course, some of his guests seem far […]

Are Messrs. Honohan and Lenihan on the same wavelength? »

Last night I heard on “The Week in Politics”, on RTE tv, the affable and articulate new Governor of our Central Bank, Dr. Patrick Honohan, predict that the Irish banking sector will come into foreign ownership, when the government eventually sells its shares.. He has been predicting a rosy future for the banks, on the […]

What was Pat Honohan saying, or trying to do to the banks? »

It wouldn’t surprise me if Central Bank governor Pat Honohan was mis-quoted by both RTE and the Irish Times (Dec. 8, Simon Carswell), but, if not, he should issue a statement clarifying what he really intended to say at a recent Enterprise Ireland conference in Dublin. He forecasted a “rosy future for the banks” in […]

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