Growing the love for investing
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ratings and Key Statistics provided by Zacks.
SEC Filings and Insider Transactions provided by Edgar Online.
Powered and implemented by Interactive Data Managed Solutions. Terms & Conditions
RSS Headlines
Fool UK
Recs
Take the performance of NBG, not to mention American banks that took TARP funds: they have declined slowly but surely since the peak of disaster and then clearly will survive, but the price will drift downward overtime. It has a slightly better chance of survival than AIB, but not by much.
This isn't really accurate as we were informed that AIB would be nationalised by over 90% several months ago - it is worth around 300 million euro and needs to raise around 10 billion! IRE is worth around 2 billion euro and needs to raise 1.3 billion euro. They are miles apart. AIB is due to be delisted from the main stock exchange on Jan 25th, while IRE is unlikely to have a higher government ownership than 45% after the recapitalisation.
You are exactly right irishstock. AIB shareholders will be nearly entirely diluted while the potential downside is very small at this level for IRE. IRE will remain the only majority privately owned bank in Ireland so it will rule the roost to take the words directly from a recent Reuters article.