That's a shame. I would have presumed, personally, that when they paid back the money to the Irish Government that at that time they would have cancelled the shares issued to the Irish Government?
I'm just guessing here but wouldn't that have a better effect and a quicker effect on the share price? After all having that many shares in issue by its nature will not allow the share price to appreciate.
Admittedly, AIBYY has 51.7bn shares outstanding and only 498.5m shares in the float. So I'd presume by far, the majority of those billions of shares are held by the Irish Government?
However the Irish listing has 517.12bn shares issued according to the Financial Times website. Then the Berlin and Stuttgart Stock Exchanges also have the same figure listed with about 1.03bn in the free float.
I was hoping to invest in this one as maybe a 2 to 3 year recovery play but I'm doubting that this will move on any listing, significantly in that time?
Happy to discuss why I'm wrong with anyone, I'm admittedly just guessing here, just calling it the way I see it?
Any other views or things I've missed gratefully received.
Please note, the above post is neither a recommendation to buy or sell the stock. Everyone thinking of investing in a company should always conduct their own due diligence, to satisfy themselves, according to their own investment criteria that each compan
