I find AIB to be a tremendous, valuable asset. Not only did the prior history of the stock beat CitiBank, but it also has a lower amount of shares on the market. What does that mean? The stock is more subtle to analyse. Never the less, we have always been taught that history repeats itself, and the recession has struck again. My perception and thoughts lead me to believe that the stock, in a period of 3-5 years should return to a price of aroud $20. This is a huge return of investment, but my question is, what do yall think?
I agree for long term. As of June 30 financials showed a loss of 1.7Billion, after reserves & tax consideration. Based on 540 Million shares outstand, comes to $3.15 per share. With bookvalue as of 6-30-10 of $13.88 according to yahoo. Bookvalue is still approx. $10 per shares. Now selling for appro 1/9th of book. JMHO, still believe long term will be around.
Thank yall, I appreciate all the comments, and I would like to formally introduce myself to yall. Yall be seeing alot of me! So any and all advice/information/tips/ whatever! Is and would be greatly appreciated.
I also agree! Over time AIB will be a good investment. Need to be patient. Once everyone finds out what the government is going to do to shore them up. We will finely get some direction. Now its just the traders managing the price.
I didnt really explain myself fully in that quick summary. What i basically meant was that due to the lwer amount of shares on the market, the stok fluctuates in a faster interval then C, which means its easier for the stock to rise/fall.. Were at the peak of the downfall, leaving us only for the stock to start rising ( also taking into hand, that it may drop more if the amount of Euros is not met by the end of the time giving... but still, what do yall think giving my short termed analysis of the stock?
Once AIB starts to issue ordinary shares as they call them, there will be 11,878,000,000 shares outstanding. This should occur before 12/31/10. Of course, they could decide to go another route, but I'm going by their announcement on September 30, 2010. In time, AIB may recover and see a higher stock price, but I would not put a dollar amount as to what that may be per share. There are too many variables at this time.