Guess the NAMA figure!

fricatus

Time for a bit of fun lads... no discussion of NAMA here - just put down the figure you reckon Brian Lenihan will announce in the Dáil this afternoon - the figure in billions of euros, not the percentage.

The first person to post the correct figure will win an exciting prize - they will be named King Of This Thread!

I'll go first: €54 bn

hobochris

€61Bn.

no reason for the guess, just have a feeling.

Riskymove

€64bn

jprender

68.2 Big Ones

Nihilist21

62.4

afatbollix

78.6bill

Blazer

€85 billion.
Lenihan said €120 million (Gross) would be allocated towards it..lots of playing around with figures on their part :mad:

cavedave

20

Aligator Farmer

I think they'll do it in stages, so I'm going for 32 Billion today, with more announcements to follow.

yom 1

€73.2bn

TheSpecialOne

70 Billion!

Sesshoumaru

55

flanzer

2 bob!!


Nah.......anything more than 60bn will be a travesty. I'll go for 75bn

kippy

I dont think the figures are that simple to be honest.
I still dont know if anyone knows how many "loans" the banks need to sell to Nama (and even if they may need to sell more to them in the future)

However just to stick with a theme of the thread I reckon a figure of 34 Billion will be mentioned today.

Het-Field

Book debts 80 Billion !

Actual Debts......????????

60 Billion +. Coughlan et al will overspend. Guarantee it !

SkepticOne

Is the estimated market value figure (the important one in my opinion) going to be produced.

Rondolfus

One marble short of a deck of cards (in Euro, cash)

gotBass

€58.4 bn

spank_inferno

about 3-fiddy

crocro

And the answer is 54 billion of bonds, a 30% discount on book value of 77 billion of assets.
The split is
Anglo:28 billion
AIB: 24 billion
BoI: 16 billion
Nationwide: 8 billion
EBS: 1 billion

Current market value is estimated at 47 billion so the gift to the banks is 7 billion.

loyatemu

54 billion
€54,000,000,000

I don't know whether NAMA is the right move or not, but thats an awfully big figure - can the Greens, and FF backbenchers really turn around to their "supporters" and say "we're giving the banks, the guys that fúcked up in the first place, €54,000,000,000 of your money"? It's going to be a very tough sell, I smell an election...

fricatus

Our little competition is over! The amount to be paid is €77bn according to the Irish Times! :eek:

http://www.irishtimes.com/newspaper/breaking/2009/0916/breaking4.htm

Edit: €54bn to be paid on €77bn of assets... apologies!!!

fricatus

And the king of the thread... well, it's actually...

ME



:cool::cool::cool::cool::cool:

fricatus

loyatemu wrote: »

54 billion
€54,000,000,000

I don't know whether NAMA is the right move or not, but thats an awfully big figure - can the Greens, and FF backbenchers really turn around to their "supporters" and say "we're giving the banks, the guys that fúcked up in the first place, €54,000,000,000 of your money"? It's going to be a very tough sell, I smell an election...

How much tax revenue is that? 18-19 months' worth? Stupid bastards is all I can say! :mad:

Arciphel

The AIB exposure is a lot bigger than I thought. Also, I thought EBS would be in the hundred of millions and not a billion?

crocro

Annual interest will be 810 million at current rates. This will go up by 540 million for every 1% that ECB rates rise from their current historic low.

Danno

Time to get out - I am certainly not staying around to pay this.

SkepticOne

Love the way Lenihan spins it by calling it a 30% "discount". A discount is normally the amount below the market value that you get to pay. The 30% here refers to the percentage below the "book value" which is largely irrelevant. The "book value" is the amount a company would pay back but only in the event that it survived to do so. The reason the banks are in trouble is that there's very little faith in international markets in the ability of these developers to pay back that money.

SkepticOne

Danno wrote: »

Time to get out - I am certainly not staying around to pay this.

You want to have some country you can call your homeland though don't you though?. Even if you live in, say, Australia for the next 30 years, you still want the option of returning to something with a functioning economy.

stepbar

crocro wrote: »

And the answer is 54 billion of bonds, a 30% discount on book value of 77 billion of assets.
The split is
Anglo:28 billion
AIB: 24 billion
BoI: 16 billion
Nationwide: 8 billion
EBS: 1 billion

Current market value is estimated at 47 billion so the gift to the banks is 7 billion.

80% of Irish Nationwide's total assets!!! 80 fcuking per cent!!!!

Dannyboy83

SkepticOne wrote: »

You want to have some country you can call your homeland though don't you though?. Even if you live in, say, Australia for the next 30 years, you still want the option of returning to something with a functioning economy.

Maybe they can provide him with some affordable housing now with all these empty assets?:pac: