Ireland Bank, American Dep. Shares (IREBY)

[Huggy Bear]

Here is a complete list of 4 share repurchases of BKIR.

http://www.iii.co.uk/investment/detail?code=cotn%3ABKIR.L&display=news&it=le&period=3months

I am seeing multiple days with share repurchases from the company. They have not PR'ed this news to my knowledge. If this is a "standard" share repurchase as we know it then BKIR has repurchased 10B shares off the market. After last summers dilution they have 30.11B O/S.

It looks like BKIR has repurchased almost 33% of the O/S back. That is a freaking huge chunk of shares. As of last count, the govt owned 26% of the O/S. Now is BKIR buying back the govt stake and then some? Something large is brewing and I am confused about it, and I dont like being confused.