Allied Irish Banks (AIB)

[longhair61]

What t h happen to AIBYY today ?? Anyone have a Clue

[mlkrborn]

1 euro=$1.3562 .. So it is approximately $ 0.10 a share with 1 ABIYY being equal to 10 ALBK.I @ 0.08 euro today. Allied Irish (AIB) AIB Announces ADS Ratio Change, or One-for-Five Reverse Split


February 7, 2011 3:08 PM EST

Allied Irish Banks (NYSE: AIB) announced a ratio change for American Depositary Shares representing Ordinary Shares trading on the New York Stock Exchange.

The ratio changes from one ADS per two Ordinary Shares to one ADS per ten Ordinary Shares, or a one-for-five reverse split.

The move was to meet requirements for continued listing on the New York Stock Exchange.

[mlkrborn]

ALBK 0.08 euro ; AIBYY $1.00

[mlkrborn]

AIB.ISE Amazing recent reversal from 0.06 euro to 0.096 euro.. AIBYY is $1.37 now! Go figure this one out.. 1 m. volume here..
http://markets.ft.com/research/Markets/Tearsheets/Summary?s=AIB:ISE

[mlkrborn]

recollection; 1 AIBYY share in pinks representing 10 AIB shares in europe..So it is 0.60 eoro times 1.37 conversion ratio into dollarsequals to $0.82s
"Reverse Split! 1/5 ADR = 1/10 AIB.IR (regular share in Irish Exchance)
"the 5/1 was done with the ADR only and did not include the regular shares in Ireland.

Along with having 1/5 the number of ADR shares in float, the number will go from 2 regular shares for every ADR to 10 regular shares per ADR!""
My older post here..

[mlkrborn]

AIBYY is over $ 0.80; AIB 0.06 in euro..Share price is manipulated here just like IRE and IRLBF..
ETE:GA €1.67 EUR +0.06
ALPHA:GA €0.98 EUR +0.03
AIB:GR €0.06 EUR 0.00
AIBYY:US $0.80 USD -0.07

[mlkrborn]

up $0.16 to $0.73 while ALBK is went up to 0.06 euro from 0.05 euro.. Someone must have tricked shorties.. half a million volume.

[mlkrborn]

AIBYY 0.57 ... ALBK.I 0.05 euro
http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=AIBYY:US vs Greek Banks
Recently Viewed;
ETE:GA €2.78 EUR -0.23
AIBYY:US $0.56 USD -0.115
AIB:GR €0.05 EUR -0.005
ALPHA:GA €1.90 EUR -0.10

[mlkrborn]

AIB $0.68 over 1.5 m day today.. Tomorrow will trade continue as usual.. Effective sept 26
it will be transferred to OTC..

[DDhawk]

AIB now officially AIBYY...

Bumped from NYSX , down to BB [ or OTC ? ]

http://www.otcbb.com/asp/dailylist_detail.asp?d=08/25/2011&mkt_ctg=ALL

[mlkrborn]

AIB & BoI borrowed $10 billion from US Fed

Updated: 17:40, Monday, 22 August 2011

AIB and Bank of Ireland borrowed over $10 billion in emergency funding from the US Federal Reserve, new data show.
1 of 1 US Federal Reserve - $10 billion for two Irish banks in 2009 and 2010
US Federal Reserve - $10 billion for two Irish banks in 2009 and 2010
Related Stories

* Banks face fines under new EU rules
* Eight banks fail European stress tests
* Retail ring-fencing plans flawed - UK Banks

Ireland's two main banks borrowed over $10 billion in emergency funding from the US Federal Reserve, according to data compiled by the Bloomberg news agency.

AIB borrowed $9.4 billion while Bank of Ireland borrowed $2.1 billion. The money was lent out in 2009 and 2010 as the US authorities attempted to avert a financial meltdown.

The figures are contained in documents obtained under the US Freedom of Information act.

They show that the Federal Reserve provided $1.2 trillion to US and European banks over the period, amid concerns that inter-bank lending was drying up.

[DAD2]

Wow, this will take a nose dive this week imo.

http://finance.yahoo.com/news/AIB-Files-Form-25-SEC-iw-2412235991.html?x=0

[mlkrborn]

Allied Irish Banks announced that its Board resolved to delist its ADR's, each representing ten ordinary shares, par value EUR0.01 per share, from the NYSE (AIB) 0.92 : Co now announces that it has taken the next step in the process to delisting and has filed a Form 25 with the SEC on 15 August 2011. AIB expects the delisting of its ADSs to become effective at the close of business on or about 25 August 2011, from which time AIB's ADSs will no longer be traded on the NYSE.

[ALERTS100%to10000%GAIN]

AIB~~http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8096233

m1999

[ALERTS100%to10000%GAIN]

AIB~~~Allied Irish Banks, p.l.c. announces its intention to delist from the NYSE


Allied Irish Banks, p.l.c. ("AIB") [NYSE:AIB] announces that its Board of Directors has resolved to delist its American Depositary Shares (ADSs), each representing ten ordinary shares, par value €0.01 per share, from the New York Stock Exchange (NYSE), terminate the deposit agreement with The Bank of New York Mellon as depositary (the Depositary) governing the ADSs (the Deposit Agreement) and, in due course, terminate the registration of AIB's securities with the US Securities and Exchange Commission (the SEC) under the US Securities Exchange Act of 1934 (the Exchange Act), in each case after the completion of the required legal steps.

The Board of Directors made the decision in light of the increase in the Irish Government's shareholding (through the National Pension Reserve Fund Commission) to 99.8% on 27 July 2011, and the savings in costs and administrative efforts that would result from the delisting and any subsequent deregistration under the Exchange Act.

AIB plans to file the related Form 25 with the SEC on or about 15 August 2011. AIB expects the delisting to become effective at the close of business on or about 25 August 2011, from which time AIB's ADSs will no longer be traded on the NYSE. Concurrently with or following delisting, AIB intends to terminate the ADS facility by terminating the ADS deposit agreement between AIB and the Depositary. The Depositary will contact ADS holders in due course with further information, including with regard to any further action to be taken.

In due course, AIB also intends to deregister its securities and terminate its obligations under the Exchange Act by filing a Form 15F. AIB's aim is to meet the applicable criteria for deregistration of its securities.

AIB reserves the right, for any reason, to delay these filings or to withdraw them prior to their effectiveness.

AIB has not arranged for listing and/or registration on another US national securities exchange or for quotation of its securities in a US quotation medium, but expects that, after delisting the ADSs, its ordinary shares will continue to trade on the Enterprise Securities Market of the Irish Stock Exchange. Information required to be made available pursuant to Rule 12g3-2(b) under the Exchange Act will be made available on AIB's website at www.aibgroup.com.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8077437

m1999

[ALERTS100%to10000%GAIN]

AIB~~~http://stockcharts.com/h-sc/ui?s=aib&p=D&yr=0&mn=6&dy=0&id=p91663972541

m1999

[ALERTS100%to10000%GAIN]

AIB~~http://stockcharts.com/h-sc/ui?s=aib&p=D&yr=0&mn=6&dy=0&id=p46634481126

m1999

[ALERTS100%to10000%GAIN]

AIB~~~http://stockcharts.com/h-sc/ui?s=aib&p=d&yr=0&mn=4&dy=0&id=p86612016107&a=222567227&listNum=1

m1999

[ALERTS100%to10000%GAIN]

AIB~~~http://ih.advfn.com/p.php?pid=nmona&article=48811531&symbol=AIB

m1999

[ALERTS100%to10000%GAIN]

AIB~~~http://www.aib.ie/personal/home

m1999

[05gtoman]

lol what idiots would buy this dead fish over $1? u gotta b on drugs! its not going to trade anywhere! not even on the pinks.

[sunshine73]

well, from 0.75 to 0.95 is kinda called going up, no?

[mlkrborn]

ALBK.I 0.06 and BKIR.I 0.08-0.09 euros..

[Nilbud]

It's not - watch for fake outs

[sunshine73]

why is it going up?

[Nilbud]

What a shame - AIB has been a nice one to trade over the past few years - Ah well C U on IRE

[DAD2]

Well looks like investors for the long term will be moving to get some cheap shares in IRE this week!!!!

http://finance.yahoo.com/news/Lloyds-Bank-The-Bank-Ireland-iw-3507872935.html?x=0&.v=1


I feel bad that all us share holders are getting kicked to the curb you would think that if the bank needs revenue that this would be a great method.

See you all at the IRE board !!

[yaboy520]

Wow this is worse than a BK

[Norwood]

I already fliped it once today. Thats what these stocks do when they get news like this. If you can make money playing it, why not??? I was just trying to answer your question, clearly you did not read (or did not fully understand) the news. If you hate it that much and believe it has 0 value then just ignore it. Sotcks i don't like i don't even bother to check their message boards.

[05gtoman]

gezzz some r actually buying this, i dont get it.

[05gtoman]

some people catching a falling knife, more like a falling chainsaw! if this isnt going to trade anywhere how is there any value? it might bounce at a nickel to .06 b4 going to 0.

[Norwood]

I have no position but I'm watching for a possible bounce play. Answer is Yes/No to your question. Yes it will never trade again, you should be cashed out at market value when it is all over. No it will not go to OCB, the company has decided not to have its securities traded in the US.

[05gtoman]

so will this go to the pinks, or just never trade anywhere again? if thats the case u would think it would b under .10 by now.

[Da Stock Alpaca]

Oh man...I've lost my tail in this one =(

[mlkrborn]

What a stupid decision: ADR's delisting without an alternative listing!

Dublin 4, Ireland, Aug 04, 2011 (Thomson Reuters ONE via COMTEX) --
For Immediate Release 4th August 2011




Allied Irish Banks, p.l.c. announces its intention to delist from the NYSE

Allied Irish Banks, p.l.c. ("AIB") [NYSE:AIB] announces that its Board of Directors has resolved to delist its American Depositary Shares (ADSs), each representing ten ordinary shares, par value EUR0.01 per share, from the New York Stock Exchange (NYSE), terminate the deposit agreement with The Bank of New York Mellon as depositary (the Depositary) governing the ADSs (the Deposit Agreement) and, in due course, terminate the registration of AIB's securities with the US Securities and Exchange Commission (the SEC) under the US Securities Exchange Act of 1934 (the Exchange Act), in each case after the completion of the required legal steps.

The Board of Directors made the decision in light of the increase in the Irish Government's shareholding (through the National Pension Reserve Fund Commission) to 99.8% on 27 July 2011, and the savings in costs and administrative efforts that would result from the delisting and any subsequent deregistration under the Exchange Act.

AIB plans to file the related Form 25 with the SEC on or about 15 August 2011. AIB expects the delisting to become effective at the close of business on or about 25 August 2011, from which time AIB's ADSs will no longer be traded on the NYSE. Concurrently with or following delisting, AIB intends to terminate the ADS facility by terminating the ADS deposit agreement between AIB and the Depositary. The Depositary will contact ADS holders in due course with further information, including with regard to any further action to be taken.

In due course, AIB also intends to deregister its securities and terminate its obligations under the Exchange Act by filing a Form 15F. AIB's aim is to meet the applicable criteria for deregistration of its securities.

AIB reserves the right, for any reason, to delay these filings or to withdraw them prior to their effectiveness.

AIB has not arranged for listing and/or registration on another US national securities exchange or for quotation of its securities in a US quotation medium, but expects that, after delisting the ADSs, its ordinary shares will continue to trade on the Enterprise Securities Market of the Irish Stock Exchange. Information required to be made available pursuant to Rule 12g3-2(b) under the Exchange Act will be made available on AIB's website at www.aibgroup.com .

- ENDS -

[mlkrborn]

Allied Irish Banks updates on raising capital (AIB) 1.82 -0.14 : Co announces that, further to its announcement on 1 July 2011, has issued 500 bln Ordinary Shares of EUR0.01 each (following renominalisation of AIB's Ordinary Shares from EUR0.32 each to EUR0.01 each) to the National Pensions Reserve Fund Commission at a subscription price of EUR0.01 per share and EUR1.6 bln of contingent capital notes at par to the Minister for Finance, raising in aggregate proceeds of EUR6.6 bln.

[DAD2]

Wow, 500,000,000,000 that will do something i bet.

as of today .01 euro = .01437 U.S

Wonder what this will do to the stock price???

[db]

DILUTION UPDATE. [AIB - Capital Raising Update

Allied Irish (NYSE:AIB)
Intraday Stock Chart
Today : Wednesday 27 July 2011


Allied Irish Banks, p.l.c. ("AIB") (NYSE: AIB) announces that, further to its announcement on 1 July 2011, and following the approval by AIB shareholders of all resolutions at the extraordinary general meeting on 26 July 2011 required to implement AIB's capital raising (as announced on 1 July 2011), it has today issued 500,000,000,000 Ordinary Shares of EUR0.01 each (following renominalisation of AIB's Ordinary Shares from EUR0.32 each to EUR0.01 each (the "Renominalisation")) to the National Pensions Reserve Fund Commission (the "NPRFC") at a subscription price of EUR0.01 per share (the "Placing") and EUR1.6 billion of contingent capital notes at par to the Minister for Finance (the "Minister") (the "Contingent Capital Notes Issue"), raising in aggregate proceeds of EUR6.6 billion (together, the "Capital Raising").
In addition, further to its announcement on 13 May 2011, AIB has issued today an additional 762,370,687 new Ordinary Shares to the NPRFC in lieu of the remainder of the 2011 annual cash dividend on the 2009 Preference Shares that was deferred on 13 May 2011 (the "2011 Bonus Issue"). The 2011 Bonus Issue includes an increment of 38,118,534 new Ordinary Shares prescribed by AIB's articles of association as a result of the 2011 annual cash dividend not being satisfied in full on the due date. This represents an increase of 1,905,926 shares over the figure included in AIB's shareholder circular dated 1 July 2011 as a result of finalisation of calculations of the number of Ordinary Shares to be issued in lieu of the 2011 Bonus Issue./b]

[DAD2]

Interesting......



http://www.rte.ie/news/2011/0726/aib.html

[kbii]

took position today at 1.94

[db]

2 is the new bottom for a while... will act as a support/ polarity line.

[mlkrborn]

Allied Irish Banks 1st-Half Net Loss Deepens To EUR2.24 Bln
Last update: 7/25/2011 2:49:19 AM
DUBLIN (Dow Jones)--Allied Irish Banks PLC (AIB) said its loss deepened in the first half to EUR2.24 billion, as Ireland's second-largest lender continues to struggle amid the national debt crisis it helped create.
The lender's loss for the six months to June 30 compared with a net loss of EUR1.73 billion a year earlier. It said that just over 34.5% of all its loans were either on watch, vulnerable or in the impaired loan categories.
Once Ireland's biggest lender on the stock market, Allied Irish is now almost totally owned by the Irish government. It is one of six Irish lenders that contributed to the country's banking and national debt crisis resulting from their reckless commercial-property lending during the boom years.
Allied Irish has already received EUR7.2 billion in government aid and is required by the Irish central bank and the country's bailout lenders to find EUR13.3 billion more in capital and buffer reserves before the end of the month -- more than any other surviving Irish lender -- to help cover anticipated loan losses over the next three years. At best, Allied Irish will only contribute EUR2 billion toward that target through a government-instructed buyback of the lender's junior bonds.
-Eamon Quinn, Dow Jones Newswires; [phone]; [e-mail]
("Allied Irish Banks 1H Profit EUR2.24 Bln Vs EUR1.73B Loss Year Ago," at 0600 GMT, incorrectly stated Allied Irish Banks had a net loss in the first half. The correct version follows:)
DUBLIN (Dow Jones)--Allied Irish Banks PLC (AIB) said it rebounded to a net profit of EUR2.24 billion in the first half of 2011 from a net loss of EUR1.73 billion a year earlier, reflecting the proceeds of the sale of its banking operations in Poland.
However, the lender said that for the six months to June 30, it had an underlying loss of EUR2.6 billion, driven by "elevated bad debts" amid Ireland's banking crisis. It said that just over 34.5% of all its loans were either on 'watch,' vulnerable, or in the impaired loan categories.
Once Ireland's biggest lender on the stock market, Allied Irish is now almost totally owned by the Irish government. It is one of six Irish lenders that contributed to the country's banking and national debt crisis resulting from reckless commercial property lending during the boom years.
Allied Irish has already received EUR7.2 billion in government aid and is required by the Irish central bank and the country's bailout lenders to find EUR13.3 billion more in capital and buffer reserves by an end-of-the month deadline--more than any other surviving Irish lender--to help cover anticipated loan losses over the next three years.
-By Eamon Quinn, Dow Jones Newswires; [phone]; [e-mail]
(END) Dow Jones Newswires
July 25, 2011 02:49 ET (06:49 GMT)

[mlkrborn]

Irish Bailout Troika Endorses Progress On Austerity - Minister
7:43a ET July 14, 2011 (Dow Jones)
Irish Bailout Troika Endorses Progress On Austerity - Minister

DUBLIN (Dow Jones)--The troika that arranged last year's bailout for Ireland has endorsed the new Irish government's austerity program, Irish Finance Minister Michael Noonan said Thursday.
Noonan said the troika--the European Union, International Monetary Fund and the European Central Bank--has judged that Ireland has met all its targets--fiscal, banking and structural reform.
Budget Minister Brendan Howlin said Ireland's public finances were showing signs of stabilization after several difficult years.
However, both ministers said they were aware that further difficult decisions have to be made in regards to Ireland's budget for 2012.
The ministers were speaking before the troika was due to deliver its latest verdict in Dublin later Thursday on the EUR67.5 billion bailout deal it struck with Ireland in November.
Amid an escalating banking crisis, Ireland was forced to agree on the bailout deal when markets refused to lend it and the banks more money.
Noonan also said that some of the financial sector reforms--such as the merger of Allied Irish Banks PLC (AIB) and EBS Building Society--had occurred ahead of schedule.
The new Irish government led by Prime Minister Enda Kenny that swept to power in March committed itself austerity package agreed with the troika, aiming to reduce a 10% budget deficit this year to 8.6% of gross domestic product in 2012. To do this, the 2012 budget will need to cut spending and increase taxes by at least EUR3.6 billion.
-By Eamon Quinn and Ainsley Thomson; [phone]; [e-mail]

[mlkrborn]

Deatils of agreement with government about capital raising:
Allied Irish Banks Agrees Final Terms On Capital Raising Deal


LONDON -(Dow Jones)- Allied Irish Banks PLC (AIB), the troubled banking group, Friday said it has concluded discussions with the Government and has agreed the final terms of its capital raising transaction, pursuant to which it proposes to raise EUR5 billion of equity share capital from the National Pensions Reserve Fund Commission and up to EUR1.6 billion by the issue of contingent capital notes to the Minister for Finance.

MAIN FACTS:

-The capital raising will comprise an equity placing of ordinary share capital of EUR5 billion to the NPRFC an issue of new ordinary shares for cash at a price of EUR0.01 per share.

-The Contingent Capital Notes Issue will comprise an issue of contingent capital notes for cash, which will be subordinated tier 2 capital instruments with a five year and one day maturity denominated in units of EUR1,000, issued at par with an aggregate principal amount of up to EUR1.6 billion.

-The proceeds of the Placing, the Contingent Capital Notes Issue and the Capital Contribution will be used to fund the day-to-day operations of the Group.

-In certain circumstances, including if AIB's Core Tier 1 Capital ratio falls, or is likely in the opinion of the Central Bank to fall, below 8.25%, the Contingent Capital Notes will convert immediately and mandatorily in their entirety into ordinary shares at a conversion price of EUR0.01 per Ordinary Share.

-The Contingent Capital Notes carry a fixed annual mandatory interest rate of 10% of the principal amount, but this may be increased by the Minister up to a maximum amount of 18% per annum if the Contingent Capital Notes are to be sold by the Minister.

-It has been indicated to AIB by the Minister that it is his intention that any portion of the PCAR Requirement that has not been satisfied by the Capital Raising, other capital generating exercises undertaken by AIB and EBS and any further burden-sharing with the Group's subordinated debt holders, will be satisfied by way of a capital contribution to be made by the State to AIB once the Minister is satisfied that an appropriate level of burden-sharing has been achieved with the Group's subordinated debt holders.

-Shares at 1414 GMT up EUR0.01, or 5.6%, at EUR0.15 valuing the company at EUR1.84 billion.

-By Peter Evans, Dow Jones Newswires; 44-20-7842-9308; [e-mail]

(END) Dow Jones Newswires

07-01-11 1032ET

[mlkrborn]

AIB down to $1.85 52 weeks low level ALBK must be around 0.12 euro..

[DAD2]

Wow, this has all the indicators of trying to go down and match price with IRE.


It seems very extreme of a price drop on both.

Good Luck

[fuller11]

This chart is a thing of beauty.

[mlkrborn]

Poor junior Bond holdres have to accept debt swap dictaed by the irish govt!
AIB expects €1.6 billion buyback boost

Updated: 17:15, Tuesday, 14 June 2011

AIB has said it expects its offer to buy back junior or subordinated debt to result in a gain of around €1.6 billion in capital for the bank.
1 of 1 AIB bond buyback - 86% acceptance so far
AIB bond buyback - 86% acceptance so far
Related Stories

* Ruling on AIB to trigger insurance
* Court order clarifies AIB bonds position

AIB's offer imposed losses of up to 90% on some bondholders and was aimed at reducing the amount the State will have to inject into the bank to help it reach Central Bank targets.

AIB said holders of more than 86% of the bonds eligible for the offer had opted to accept it.

Finance Minister Michael Noonan welcomed the announcement, describing the high take-up as 'encouraging'. He said most of the remaining amount related to a bond which was the subject of a legal challenge being taken against the AIB plan by one investment firm.

Yesterday, it emerged that some junior bondholders in AIB who will suffer significant losses will be able to claim under insurance.

The International Settlements and Derivatives Association decided that the losses on the bonds warranted a pay-out under the insurance measures known as credit default swaps (CDSs). It has been reported that the amount of the pay-out could be in the region of €300m.

[mlkrborn]

Daddy! That is not the ratio; Remember?

[DAD2]

With the current pre-split share price 1 for 5 at .50 could this be the time to buy??