does anyone have a spare €900 million?
on 21st of february 2007, a bank of Ireland ordinary share would have cost you €18.65, giving the company a market capitalisation of €18.25 billion.
This morning you could have bought one of those shares for 81 cent, giving the company a market capitalization of about €800 million. as recently as july, they paid a dividend of 63.6 cent.
An Allied Irish Bank ordinary share would have cost you €23.95, giving you a market capitalisation of €20.972 billion. Now the price has fallen to €2.42 a share, giving it a market capitalization of €2.4 billion.
so.... now we can pick up a midsized european bank with a broad asset base (some unspecified liabilities, and a bit of a liquidity problem) for less than €900 million so OTF, root around the back of your sofas and dig deep, and we could could all become like that guy on the monopoly box.
on 21st of february 2007, a bank of Ireland ordinary share would have cost you €18.65, giving the company a market capitalisation of €18.25 billion.
This morning you could have bought one of those shares for 81 cent, giving the company a market capitalization of about €800 million. as recently as july, they paid a dividend of 63.6 cent.
An Allied Irish Bank ordinary share would have cost you €23.95, giving you a market capitalisation of €20.972 billion. Now the price has fallen to €2.42 a share, giving it a market capitalization of €2.4 billion.
so.... now we can pick up a midsized european bank with a broad asset base (some unspecified liabilities, and a bit of a liquidity problem) for less than €900 million so OTF, root around the back of your sofas and dig deep, and we could could all become like that guy on the monopoly box.
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