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Nov 8 2022, 07:30 GMT
Ratings and price correct at time of issue
Company | Rating | Date | Previous Rating | Date | Closing Price |
---|---|---|---|---|---|
AIB Group | OUTPERFORM | 23/01/19 | Neutral | 14/08/18 | 312c |
Bank of Ireland | OUTPERFORM | 11/03/13 | Neutral | 14/08/12 | 733c |
permanent tsb Group | OUTPERFORM | 04/02/21 | Neutral | 06/03/19 | 171c |
The Irish state continues to affect its strategy to sell down its stake in AIB, while its stake was reduced in permanent tsb Group (PTSB) as part of its transformational acquisition of Ulster Bank loans. Increased free float and potential liquidity in AIB will be welcomed; however, to speed up the sell-down more meaningfully, large buybacks are required, perhaps accompanied by accelerated bookbuilds.
Nov 8 2022, 07:30 GMT