Ireland
Bank of Ireland ADR Reverse Split
Bank of Ireland (IRE) effected a 1:10 reverse stock split on its ADR effective October 14, 2011. The ADR closed at $0.83 on Friday, October 14th. The stock will start trading at the reverse split price of $8.30 on Monday, Oct 17th. From Bank of Ireland Investor Relations site: The current ratio for Bank of [...]
Some Facts About Ireland and The Largest 10 Companies
Ireland is relatively a little country with a population of about 4.5 million.Until the late 80s the country was a poor performer in terms of growth and prosperity. However Ireland was erroneously dubbed as a “Celtic Tiger” owing to the staggering economic growth achieved until 2007. This Celtic Tiger name was modeled after the “Asian [...]
A Review of Irish ADRs’ Performance YTD
The table below lists the Year-To-Date (YTD) performance of the exchange-listed Irish ADRs: S.No. Company Ticker Sector YTD Returns as of Nov 24, 2010 1 Allied Irish Banks AIB Banks -71.23% 2 Bank of Ireland IRE Banks -79.37% 3 CRH CRH Construct.&Materials -29.64% 4 Elan ELN Pharma. & Biotech. -17.94% 5 ICON ICLR HealthCareEquip.&Ser -6.49% [...]
European Banks Have Large Exposures To Ireland
The EU and IMF are expected to approve a bailout package worth billions of Euros to Ireland next week. The Irish banking system is especially in need of capital injections despite billions already pumped into them by the Irish government. Similar to most U.S. banks, Irish banks also recklessly lent funds heavily to the real [...]
Anglo Irish Bank Nationalized – Equity Worthless
Yesterday January 16, 2009 The Government of Ireland nationalized the Anglo Irish Bank. The shares were suspended from trading in all the exchanges. Anglo Irish was listed as a sponsored ADR with the ticker AGIBY. The ADR last closed at less than a dollar at $0.12.The Department of Finance of the Irish Government says: “The [...]
Unluck of the Irish Banks
A few years ago The Republic of Ireland had one of the fastest growing economies in Europe. Then growth slowed and in the past two years or so the Irish economy stagnated and growth came to a standstill. Irish stocks have been hit pretty hard as well in 2008 – especially the banks. As of [...]
