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Thread: Quinn Family target Anglo

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    Default Quinn Family target Anglo

    The Quinn family have taken a 15% stake in Anglo Irish Bank. Could this be a takeover bid?
    Fianna Fail will allow the Irish People, to me milked like Milch Cows, by the CIF through high house prices, rents, and land prices, at the expense of competitiveness,and quality of life. FF+CIF=1

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    Default Re: Quinn Family target Anglo

    Quote Originally Posted by mairteenpak
    The Quinn family have taken a 15% stake in Anglo Irish Bank. Could this be a takeover bid?
    Good man Niall! Does this mean he'll have to quite Sunderland?

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    Default Re: Quinn Family target Anglo

    Eh.....Sean Quin...


    Suppose it helps to owe your debts to yourself .

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    Default Re: Quinn Family target Anglo

    For love of God man where have you been?

    Sean Quinn already owns 15% of Anglo at prices up to 4 times the current price and is sitting on losses of between 1.3 and 1.8 billion on this.
    It is quite probably the single most catastrophic investment in the history of the Irish stock market.
    All he is doing is converting it from CFDs to actual stock.

    Everyone knows he has taken a monstrous loss on this but the sclae revealed this morning has really taken people a back.
    I had heard figures of perhaps 12-13% but Anglo spinners were rubbishing it saying 4-5%.

    There is no takeover here, just a man who has lost a collossal amount of money announcing to the World that there is little point in getting out now that 75% of his investment has been wiped out.

    This from a man who 6 months ago told RTE the most he gambles is 50p a hand on a weekly game of cards

  5. #5

    Default Re: Quinn Family target Anglo

    Clever move as can't be delisted with holding 15% and probably a bit more of that as well.

    IF Anglo becomes in play then he will be the kingmaker.

    As a lon term investor what the share price does now is not that important as all banks have taken a hit but in 3 years times a reasonable forecast is that most bank shares will have doubled in value.

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    Default Re: Quinn Family target Anglo

    They had little choice as the share price fell. Someone else might have moved.
    Fianna Fail will allow the Irish People, to me milked like Milch Cows, by the CIF through high house prices, rents, and land prices, at the expense of competitiveness,and quality of life. FF+CIF=1

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    Default Re: Quinn Family target Anglo

    Quote Originally Posted by odie1kanobe
    Clever move as can't be delisted with holding 15% and probably a bit more of that as well.

    IF Anglo becomes in play then he will be the kingmaker.

    As a lon term investor what the share price does now is not that important as all banks have taken a hit but in 3 years times a reasonable forecast is that most bank shares will have doubled in value.
    oh jesus wept are you serious?
    He bought up at 14-15 and 16 euro and you are calling him clever and a potential kingmaker.
    Sean Quinn is in a lousy lousy position now and if you think losing perhaps up to 2bn on a stock punt is in anyway "clever", i fear for you.

  8. #8

    Default Re: Quinn Family target Anglo

    Quinn would in his rock and roll be kingmaker.
    Your average Saudi prince spends more money on luxury cars at the weekend than what Quinn's stake is worth.
    "I'm not a member of the establishment" B Lenihan BL, T.D., Min for Fin, Son of Fmr Tanaiste Nephew of a fmr Dep leader of FF and min and brother of a Jun Min. Bertie made the Sheeple happy.

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    Default Re: Quinn Family target Anglo

    This amount of investment will have cost Quinn a lot of cash and nobody in Irl has that kinda dough knocking about in the current account which means he borrowed (most likely) and put up security against it.
    In a falling property market his security if it is property will be under pressure and whatever bank has the borrowing will be noticing a funny smell in the room.
    Most of his businesses will be under pressure and a lot of the development he does in EE is long term.

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    Default Re: Quinn Family target Anglo

    It is unlikely to be a bumper year for the Quinn Group construction materials sector.
    Fianna Fail will allow the Irish People, to me milked like Milch Cows, by the CIF through high house prices, rents, and land prices, at the expense of competitiveness,and quality of life. FF+CIF=1

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