Ireland Bank, American Dep. Shares (IREBY)

[Huggy Bear]

BKIR.L closed at .365 today. This is marching a lot harder towards .41 than I thought - Wow when it broke that .29 resistance it went north a lot faster than I thought.

I took a look at the one you mentioned, not my cup o' tea but good luck.

Wow. I just pulled up some BKIR.L charts, recent and historical and I still stand by a .41 resistance next.

Shares washed out around .29 all right, but not as many as I expected.

To me this current run up is trader fueled on both sides of the pond and not exactly warranted. By my last fundies calculations IRE is pretty much fair valued BV wise at .31

Positive big board sentiment returning to drive it to around 2x BV and hold? I honestly would not venture my own opinion on that but I have read other analysts viewpoints that did.

Looking a few years out though the whole Irish sector is still undervalued, and I have been accumulating a basket via eirl and have mentioned it a few times.