Parsad Posted October 19, 2011 Share Posted October 19, 2011 Fairfax, WL Ross and Fidelity Investments have all upped their stakes in Bank of Ireland. Cheers! http://www.reuters.com/article/2011/10/19/bankofireland-idUSL5E7LJ3Q220111019?feedType=RSS&feedName=rbssFinancialServicesAndRealEstateNews&rpc=43 Link to comment Share on other sites More sharing options...
rijk Posted October 20, 2011 Share Posted October 20, 2011 does this mean that fairfax increased it's stake from 9 to 9.32%, i.e. a 3.6% increase? regards rijk http://www.rte.ie/news/2011/0728/boi.html Link to comment Share on other sites More sharing options...
HJ Posted October 24, 2011 Share Posted October 24, 2011 In related news, Kennedy Wilson buys Bank of Ireland assets. http://www.kennedywilson.com/435-kennedy-wilson-acquires-bank-of-ireland-real-estate-investment-management-business Link to comment Share on other sites More sharing options...
JEast Posted January 27, 2012 Share Posted January 27, 2012 Maybe a little momentum is gaining. I love this quote from Denis O’Brien, "We have taken the cod liver oil." He says that he is now ready to invest in Bank of Ireland. http://www.bloomberg.com/news/2012-01-27/billionaire-denis-o-brien-says-would-invest-in-bank-of-ireland.html Cheers JEast Link to comment Share on other sites More sharing options...
SharperDingaan Posted January 27, 2012 Share Posted January 27, 2012 The current 0.12 Euro/share cost must make this one of the best secured penny stocks in history! SD Link to comment Share on other sites More sharing options...
Uccmal Posted February 3, 2012 Share Posted February 3, 2012 Up 40%. Between Ffh directly, and via KW they must be sitting on 200m in gains, at least. Link to comment Share on other sites More sharing options...
Aberhound Posted March 9, 2012 Share Posted March 9, 2012 http://www.davidmcwilliams.ie/2012/02/27/the-land-of-the-financially-blind Prem has nerves of steel to buy with this mortgage loan book. Experience says Prem right, McWilliams wrong. Is the plan to borrow at 1% from the ECB and lend to Irish government at 7%, leverage and repeat? Sounds good but the policy drains cash from the non-bank private sector to the banks and government. The drain of cash from the non-bank private sector will cause the real estate prices to fall further and increase the default rate further. Prem, an advocate of "the bigger the boom, the bigger the bust" probably expects default so he must think there will be a resolution which doesn't wipe out his equity. I can't think of any short of Ireland following Newfoundland's example and becoming the next Canadian Province which will bring in immigrants. The alternative is for the Irish youth to emigrate to Canada which leaves the debt behind with no one to pay it. The bankers' weakness is that the wealth of a country is largely the minds of the educated youth. The offices, shops and mansions may look valuable but when the youth leave they are liabilities. When the youth realize this the bankers are screwed. Link to comment Share on other sites More sharing options...
kiwing100 Posted March 28, 2012 Share Posted March 28, 2012 An adverse vote outcome here may have an adverse impact on the value of the Bank of Ireland stake held by Fairfax (assuming that Fairfax has not hedged this investment in any way or that Bank of Ireland has not hedged its Irish govt bond exposure) http://www.google.com/hostednews/ap/article/ALeqM5hd3D9t-25nzddH5AHmHmApxzmEag?docId=45bbd9b5352c4a53ae098adfbf686795 Link to comment Share on other sites More sharing options...
kiwing100 Posted May 20, 2012 Share Posted May 20, 2012 Not sure if Bank of Ireland needs any new capital. If so, who will provide it, what form will it be and at what price? http://www.telegraph.co.uk/finance/financialcrisis/9274830/Euro-austerity-example-Ireland-may-need-second-bailout.html Link to comment Share on other sites More sharing options...
kiwing100 Posted May 26, 2012 Share Posted May 26, 2012 If this occurred, this would likely have an adverse impact on an investment in Bank of Ireland ... http://www.bloomberg.com/news/2012-05-25/dallara-says-greek-euro-exit-may-exceeed-1-trillion-euros.html Link to comment Share on other sites More sharing options...
kiwing100 Posted May 30, 2012 Share Posted May 30, 2012 http://www.marketwatch.com/story/irish-central-banker-outlines-bank-capital-needs-2012-05-30?dist=beforebell Link to comment Share on other sites More sharing options...
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