State to take 15% stake in BoI.

[rockofcashel]

The point I was making, Malbekh related to ordinary houses for sale as opposed to development land. At the time we would have been very unhappy with our valuers if they gave us advice resulting in our not getting the best price available in the prevailing market.

Exactly.. so why are we paying some stupid ephemeral LTEV for assets which are going to be transferred into NAMA

[Cassandra Syndrome]

A good thread here from over a month ago speculating about Nationalisation with NAMA.

[EvotingMachine0197]

And ?

A good chunk of this is priced in Cassandra. Has been priced in for over a year.

NY ADR closed down 11.2% - better than expected imo.

Bank of Ireland (ADR) - Google Finance

However, afterhours trading in NY is already bullish. Back to 6.8 Dollars

That's about today's closing in London. It's a support price. Go dig...

Problem is over last two months, since christmas even, NY have been lagging on the market for Irish Banks and being led by trading in London. Forget the ISEQ, its so tiny makes no difference. Like a flea on an elephants ear.

I think tomorrow is priced in for BKIR. Not for ALBK. ALBK need a seriuos SP adjustment.