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Insurance or Banking sector? Whats going on?

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  • 21-03-2006 10:37am
    #1
    Clseeper
    Registered Users Posts: 282 ✭✭


    Can someone explain why there was a rise in a certain Irish banks stock because of a fail takeover bid by one insurance company of another in england? :confused:

    Are these not two difference sectors? A company does not make acquisitions just because it can, a lot of thought and prep go into these deals. It not like they're thinking "ok we got shot down, lets just go find another small companies that costs about the same."

    Sorry bout being vauge, not discussing individuals shares and all that. This is just for my general interest and have no interest in buying shares in this company.


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    #2
    onedmc
    Registered Users Posts: 455 ✭✭onedmc


    Not sure about the exact circumstances but it all a game really.

    Think of it like this, You have decided to put some heavy pots on a particular shelf (bank) coz it looked like a good shelf. But then you notice that the shelf may not be up to the task.

    Where do you move you pots to - probably to the next nearest shelf untill you have the time to consider all you options. With time you may move them accross the the room to another good looking shelf but you are not going to leave them on the floor.


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