New to buying shares- should i buy bank of ireland shares

Wolf 359

I have some spare money - 2000 euro. I thought i would invest it on the stock market. Im thinkig of a long term investment and buying ordinary bank of ireland shares. Would this be a good buy? They're worth 10.8 cents today so i was thinking if I buy them at that price in a few years they might be worth a lot more? Also, is it still possible to buy ordinary bank of ireland shares???

BrokenArrows

buying shares in the bank of ireland would be a good gamble.
Its a very high risk stock.

I have some money in boi but as far as im concerned it doesnt exist. Maybe in 10 years it might be worth something.

alfa beta

Look very carefully at all aspects of what BOI (or any irish bank for that matter) have been doing over the past few years before buying shares.

I made a tidy sum over within the past 3 years on BOI, AIB and Irish Life and Permanent - by buying and selling at the right times - but I personally wouldn't be jumping on board now (and if I was, it wouldn't be for long term reasons - but rather hoping to gain from short term fluctuations)

Check out how many shares they've issued over the past few years and multiply the total number of shares in circulation by the share price to see what the company is perceived as being worth. Then if you seriously think that 'worth' figure is gonna go up considerably, go buy....why you might think it will go up is another question though.

digitally-yours

What's the reason for buying shares ?

I can only give my opinion after looking at the "chart"

there is nothing "cheap" in market . everything is reflecting its fairvalue.

a novice and pro look at "cheap" in a completely different way.


Good luck

martyoo

everything is reflecting its fairvalue

Really? Then what is the point?

Considering the risk involved in buying BOI not to mention the way it treats it's shareholders and the way they conduct their business they deserve to the trading at 10 cent but there are lots of other companies out there which are been unfairly sold off by the market for various reasons ie. volatility, human emotion, sectors which have fallen out of flavor with the market, lack of understanding of the business.

The market is not rational and that's where the opportunities lies.

digitally-yours

martyoo wrote: »

Really? Then what is the point?

Considering the risk involved in buying BOI not to mention the way it treats it's shareholders LOL thats not even on my list when I am investing and the way they conduct their business they deserve to the trading at 10 cent they are worth what they are its like saying house in dublin should be worth same what it was at the top of the boom market decides the price wrong or right u got to deal with it but there are lots of other companies out there which are been unfairly sold off by the market LOL please dont invest your real money u have no clue on how to make money for various reasons ie. volatility, human emotion, sectors which have fallen out of flavor with the market, lack of understanding of the business.

The market is not rational and that's where the opportunities lies Golden words .

my 2 pence

martyoo

not to mention the way it treats it's shareholders LOL thats not even on my list when I am investing

I don't care if it's not on your list. It's on my list.

deserve to the trading at 10 cent they are worth what they are its like saying house in dublin should be worth same what it was at the top of the boom market decides the price wrong or right u got to deal with it

That doesn't make sense!

please dont invest your real money u have no clue on how to make money

Thanks for your concern but I think I will pass on your "advice"

digitally-yours

martyoo wrote: »

I don't care if it's not on your list. It's on my list.



That doesn't make sense!



Thanks for your concern but I think I will pass on your "advice"

Good Luck

I think the difference might be that you are a Long term Investor

I am day trader my trades last few hours (4 to 5 max normally) I couldn't care less about share holders getting any treatment I have no loyalties to any company I am just "opportunist" with sole purpose to make $. different folks different strokes

martyoo

I am just "opportunist" with sole purpose to make $. different folks different strokes

We are not that different

BenEadir

Whats going on with BOI the last 2-3 days?? The SP has shot up :cool:

Ben

The Irish Riddler

You could lose everything.

Its not much different than backing the favourite at leopardstown.

There are a lot of analysts looking at bank of ireland. If it was a good investment it would be trading at a higher price.

you need to do a lot of research with any stock or you are betting blind.

tfjmor

Would welcome views on a long term punt on BOI - say 10 years?

tommylimerick

i wonder how many people can answer that ?
i think i read that they will be back to profit in less than 5 years (correct me if i am wrong) if that is true it could be a great punt
lots of people like you thinking of buying some of this company and forgetting about the share certs for a decade or two
but there is no panic at the moment

ButtimersLaw

Wolf 359 wrote: »

I have some spare money - 2000 euro. I thought i would invest it on the stock market. Im thinkig of a long term investment and buying ordinary bank of ireland shares. Would this be a good buy? They're worth 10.8 cents today so i was thinking if I buy them at that price in a few years they might be worth a lot more? Also, is it still possible to buy ordinary bank of ireland shares???

Whether or not it is a "good buy" (your question) depends. No one here has done a KYC with you, and as we know nothing about your circumstances, either financial or otherwise, it's not possible to speculate whether B of I shares might be a "good buy" for you.

As you'll have to do a KYC if buying through a stockbroker, then the stockbroker will be in a better position to point out the pros and cons to you, and point out other stocks, to enable you to judge whether or not they might be a "good buy" for you.

TheHerndog

Does any one know why BOI shares have been plummeting over the past few days?

BenEadir

TheHerndog wrote: »

Does any one know why BOI shares have been plummeting over the past few days?

Probably because of dilution due to new shares being issued yesterday.

From Investec Wealth and Investment Daily today "Yesterday, Bank of Ireland (BKIR) announced and successfully implemented a capital package to address the 2009 preference shares. An equity raising of €580m, the proceeds of which will be used to repurchase €537m of the €1.8bn 2009 preference shares, was completed by way of an accelerated book build, with the group placing the remaining €1.3bn of the 2009 preference shares with private investors (via a special purpose company). The equity placing came at 26c, a 3.3% discount to Tuesday’s close, resulting in a dilution for non-participating shareholders of 7.4%. As a result, the Irish government’s stake has fallen from 15.1% to 14.0%. The €1.3bn preference share placing priced at 104.75, netting the government a profit on sale of €62m, after receiving demand in excess of €8bn. The effective yield (based on a call date of 1 July 2016) came at c.8.1%. "

Ben

Sonnenblumen

digitally-yours wrote: »

Good Luck

I think the difference might be that you are a Long term Investor

I am day trader my trades last few hours (4 to 5 max normally) I couldn't care less about share holders getting any treatment I have no loyalties to any company I am just "opportunist" with sole purpose to make $. different folks different strokes

I would consider 'parasite' a more accurate description for the 'opportunist' greedy self interested speculators who plague the stock markets around the world. I wish you luck but if you die, I'll not shed a tear. In fact it might give cause to celebrate.

OP if you think Ireland Inc has no future, and all & sundry are going to disappear, in such a scenario were ever to happen, it would be reasonable to assume that it will have no need for a commercial (private) fully functional banking system. Then it makes no sense to invest in BofIrl.

On the otherhand there are new signs everyday where Irl Inc is making good progress to becoming a fully functional independently viable economic entity. If you believe in economic recovery and new opportunities then presumably you will agree that a banking infrastructure will also be required. In such a scenario, the case for investing in BofIrl is very strong.;)

Cute Hoor

Sonnenblumen wrote: »

I would consider 'parasite' a more accurate description for the 'opportunist' greedy self interested speculators who plague the stock markets around the world. I wish you luck but if you die, I'll not shed a tear. In fact it might give cause to celebrate.

A little over the top I would have thought, wishing to celebrate anyone’s death (never an admirable trait) because they wish to make a few bob on buying and selling shares in a manner that one dislikes would leave me questioning one’s stability.

I would have thought that the reason most people are on this particular forum is because they want to make a few bob, in most cases this involves buying and selling shares in a company, most people do not have intimate relations with the particular company they are trading, maybe you do?

What digitally_yours is doing seems eminently sensible to me, he has probably bought and sold the same shares (that you are holding long-term) multiple times making a tidy profit on each transaction, I would see only positives in that (financially) and I say good luck to digitally_yours (and to you in your own particular trading pattern).

ToxicPaddy

MOD NOTE

Ok guys, ease off on the personal insults.

Keep it on topic and if you don't like a post, then direct your ire at that and not the poster.

Sonnenblumen

Cute Hoor wrote: »

A little over the top I would have thought, wishing to celebrate anyone’s death (never an admirable trait) because they wish to make a few bob on buying and selling shares in a manner that one dislikes would leave me questioning one’s stability.

I would have thought that the reason most people are on this particular forum is because they want to make a few bob, in most cases this involves buying and selling shares in a company, most people do not have intimate relations with the particular company they are trading, maybe you do?

What digitally_yours is doing seems eminently sensible to me, he has probably bought and sold the same shares (that you are holding long-term) multiple times making a tidy profit on each transaction, I would see only positives in that (financially) and I say good luck to digitally_yours (and to you in your own particular trading pattern).

I buy shares on various criteria, a company with growth prospects in a growing sector but that doe snot mean I will invest in a porn publisher. Get my drift?
Also I invest in companies for the longer term, so I prefer to see myself as a stable shareholder and not 'some slave to making the dollar'. Don't confuse ethics with results.
I someone wants to pimp shares for a day, that's their business.

Where I draw the line is someone constantly harping on about how expensive a good business ( in this instance Irish Stock brokers) are, who afterall are in it for profit but also have a genuine interest in providing client services for certain types of clients and not some rats arse bottom of the barrel low cost share dealing service.

The folly of your case is to suggest buying stocks in foreign currencies, which as I have previously argued is much more volatile than typical commission rates. If I have a question or wish to discuss options, I know where I can go, because like me, the bricks and mortar brokers are also in the game for the longer term and not just to make a quick buck. That's where you will find the real cute money.

I've no idea what is meant nor does it surprise me the reference to 'intimate relations with a company'?

Case closed.

Cute Hoor

Sonnenblumen wrote: »

I buy shares on various criteria, a company with growth prospects in a growing sector but that doe snot mean I will invest in a porn publisher. Get my drift?

Yea, no bother, each to their own. I wouldn’t invest in a porn publisher either or a tobacco company, or an illegal drug manufacturer, but I would respect ‘digitally-yours’ or anybody else’s right to do so if they so wished without the need to diss their efforts/style.

Sonnenblumen wrote: »

Also I invest in companies for the longer term, so I prefer to see myself as a stable shareholder and not 'some slave to making the dollar'. Don't confuse ethics with results.
I someone wants to pimp shares for a day, that's their business.

Again no bother with your desire to be a ‘stable shareholder’, each to their own, and I'd be mostly with you on that. However I find it difficult to reconcile ‘I someone wants to pimp shares for a day, that's their business’ with your comments about ‘digitally-yours’ above, why would you feel the need to post the pretty nasty comments you did about his/her business.

Sonnenblumen wrote: »

Where I draw the line is someone constantly harping on about how expensive a good business ( in this instance Irish Stock brokers) are, who afterall are in it for profit but also have a genuine interest in providing client services for certain types of clients and not some rats arse bottom of the barrel low cost share dealing service.

As already posted I was trying to assist a poster 'Pages' who had asked about share dealing. I simply pointed out that Irish brokers are more expensive than European or US brokers, this is a fact, there is no disputing that, I wasn’t in any way criticising their business. Undoubtedly these companies are in it for profit, and good luck to them, it would be difficult to imagine what else they would be in it for unless they were a .org. I’m sure the Ameritrade (Market Cap $16bn) people would be somewhat amused at being described as a ‘rats arse bottom of the barrel low cost share dealing service’.

When a poster asks about the best place for share dealing, should the respondees be limited to reporting on Irish brokers?

Sonnenblumen wrote: »

The folly of your case is to suggest buying stocks in foreign currencies

To be honest I wouldn't call it folly (that's just my personal view), as stated in my original response to ‘Pages’ and repeated subsequently there is a risk in buying stocks in foreign currency (in any currency in my experience) but does that mean that one should limit oneself to just trading Euro based stocks. Below is a quote from you in a previous topic, would you consider trading in UK (Sterling) stocks ‘folly’ or ‘losing the plot’.

Sonnenblumen wrote: »

I buy mainly Irish + UK stocks through CO'C.

As I say, each to their own, I’d respect anybody’s efforts to try to make a few bob, in the cheapest way if they so desire, or paying more for a service they are comfortable with, whichever.

Sonnenblumen

Stan27

any thoughts on if boi are a good investment these days!

Dickie10

any update on boi shares? i more than doubled my money on them when bought in 2014 for 0.15cent / share

Ubbquittious

https://www.boards.ie/discussion/comment/122644169#Comment_122644169

Are you driving a Lamborghini now?