Replies to post #1109 on Ireland Bank, American Dep. Shares (IREBY)

[Huggy Bear]

Could happen if IRE goes back to trading at a hefty premium to BKIR but I dont expect it.

I'm in for the long haul and will be plenty happy if IRE just continues to reflect the true value of BKIR.

BKIR at .097 x 1.4 for approximate euro/dollar conversion = .1358

.1358 x 40 because thats what your one share of IRE represents now, 40 shares of BKIR.

5.43 per share

This is the current intrinsic value of IRE.

malc