Permanent TSB Group Holdings plc
WKN: A14P7U / ISIN: IE00BWB8X525Irish Life&Per. Unentdeckter Vervielfacher?
04.03.12 16:18
#852
1ALPHA
Natürlich ist das gut,
weil damit - zumindest theoretisch - die Möglihkeit steigt, dass ILP mit der Zeit die Aktien vom Staat aus eigenen Erträgen zurückkauft.
Auch die andere Meldung ist gut :
http://www.irishtimes.com/newspaper/finance/2012/...224312711625.html
Aber es gilt natürlich auch, dass der Weg noch lange und riskant ist und viel schief gehen kann - was aber durch die möglichen Gewinne gerechtfertigt ist.
Auch die andere Meldung ist gut :
http://www.irishtimes.com/newspaper/finance/2012/...224312711625.html
Aber es gilt natürlich auch, dass der Weg noch lange und riskant ist und viel schief gehen kann - was aber durch die möglichen Gewinne gerechtfertigt ist.
04.03.12 16:27
#853
1ALPHA
Und das ist so ein Risiko :
Geheimgespräche, um Werte international zu verkaufen :
http://www.independent.ie/business/irish/...nt-fund-boss-3038910.html
http://www.independent.ie/business/irish/...nt-fund-boss-3038910.html
06.03.12 13:43
#854
1ALPHA
Auch Griechenland belastet,
da keiner weiß, wer alles mit übern Jordan geht und ob die mit den zusätzlichen CDS Auszahlungen gestärkten Hedge Fonds wirklich Irland in Ruhe lassen oder doch wieder angreifen. Langfristig sollte das egal sein, da - wie schon häufig geschrieben - ILP laut bisher Veröffentlichtem KEINE Staatsanleihen außerhalb Irlands hält. Und die irischen sind auch nur ein kleiner Betrag. Andererseits profitiert ILP von der € Liquidität der EZB.
Aber was ist schon sicher im Moment?
http://www.independent.ie/business/irish/...erating-here-3040090.html
http://www.independent.ie/business/...sttime-home-buyers-3040052.html
Aber was ist schon sicher im Moment?
http://www.independent.ie/business/irish/...erating-here-3040090.html
http://www.independent.ie/business/...sttime-home-buyers-3040052.html
16.03.12 11:02
#857
mmafr
mortgage trackers raus !
Das Procedere scheint immer klarer zu werden. Die trackers von TSB (und den anderen irischen Banken) zu entfernen ist demnach das erklärte Ziel und TSB könnte damit gar als Flagschiff gegen AIB und BOI anwachsen. Hoffentlich geben die Kommission und die EZB dazu ihr ok, denn damit würde TSB echt wieder ganz interessant werden (Anteil des irischen Staats) und der PPS mit Sicherheit kräftig anziehen. Also es dürfte ab jetzt noch spannender werden !
Tracker mortgages crucial to any deal on resolving bank debt crisis
SIMON CARSWELL, Finance Correspondent
Fri, Mar 16, 2012
ANALYSIS: Restructuring bank debt would put the Government outside the danger zone for indebted states
THERE MAY not be a silver bullet solution to the next restructuring of the State-owned banks but Government and troika authorities are planning to take a few shots at trying to repair them while reducing the cost of the bailouts.
The exercise involves not just trying to reduce the annual costs of paying for Anglo Irish Bank and Irish Nationwide through the promissory notes – the State IOUs on which the Government promises to pay €31 billion.
Officials are also attempting to make AIB and Permanent TSB more attractive to investors who might be willing to buy some or all of the State’s shareholding and to depositors who might help wean them off the support provided by the European Central Bank.
AIB, Bank of Ireland and Irish Life Permanent (parent of Permanent TSB) have shed €32 billion of assets in the “deleveraging” of their balance sheets, not far off the half-way mark on the road back to self-sufficiency.
The Department of Finance, however, noted in a “banking report card” in January that this year could be more difficult for further deleveraging – citing analysts’ estimates that up to €3 trillion of bank assets across Europe could come on the market.
This could drive prices lower, the department said, leading to potential fire sales of Irish bank assets and higher recapitalisation costs for the Irish institutions.
So officials must turn to a Plan B to remove excess assets at AIB and Permanent TSB. Bank of Ireland is not State controlled and is so far excluded from the planning.
The tracker mortgages at AIB, including those at subsidiary EBS, and Permanent TSB are loss-making as they are locked in at margin above the European Central Bank rate which is below the funding costs at the banks.
Removing the trackers, which account for a third of the Irish residential mortgages at the Government-guaranteed banks, improves the profitability of the banks and will deleverage them of a further €34 billion in assets, reducing their loan-to-deposits ratio towards the Central Bank’s target of 122.5 per cent.
This could tempt investors to buy some of the Government’s shareholding in the banks and lead to a repeat of the sale of a substantial stake in Bank of Ireland to private investors and the “halo effect” associated with that transaction that was helpful for Ireland.
Given how the fortunes of the banks are tied to those of the State, any restructuring of bank debt will help the country’s prospects and ease a return to the markets so the Government can borrow on its own account.
“It is a pretty sensible idea. If your intention is to sell those banks and get as much for them, you have to do something with the trackers,” said Karl Deeter, operations manager at Irish Mortgage Brokers. “If you own all the banks, it doesn’t matter if you move them from one bank to another.”
Restructuring Irish bank debt would put the Government outside what is regarded as the danger zone for indebted states.
“The best situation is that the banks are not owned by the Irish State and we get a separation of the State and the banking system,” said Dermot O’Leary, chief economist at Goodbody Stockbrokers.
“That would help risk appetite towards the sovereign. The trackers are a massive drain on profitability and it makes the Irish banks a much less attractive proposition to investors.”
Purging AIB and Permanent TSB of loss-making tracker mortgages may leave Bank of Ireland, which has €17 billion of Irish tracker mortgages, at a disadvantage.
EU competition commission officials are, however, understood to be involved in the technical discussions examining the effect of the plans under state aid rules.
The prospect of transforming Permanent TSB into a viable bank to compete against the Government’s two “pillar” banks of AIB and Bank of Ireland could make the restructuring more appealing to EU competition officials.
The inclusion of Bank of Ireland and its €17 billion in Irish trackers increases the bank assets involved to €51 billion and makes the plan a much more expensive proposition to sell to the EU authorities.
The money to pay for the tracker transfers and the restructuring of the promissory notes, it is hoped by the parties involved, would come from the EU fund, the European Financial Stability Facility.
The plan may involve tapping a 30-year loan using a 30-year Government bond as collateral. The €34 billion in trackers from AIB and Permanent TSB could then replace the €31 billion promissory notes at IBRC.
The existing repayment schedule on the notes runs until 2031 with annual payments covering €31 billion of the Anglo/Irish Nationwide bill plus a further €17 billion in interest.
The new structure would align the repayment term on the assets replacing the promissory notes to the repayment term on the liabilities owing on the EU bailout loan.
Some trackers have maturities running from 20 to 25 years, which would covered by a 30-year EU loan to the banking system.
The trackers will also give IBRC a more attractive form of collateral that could be used to raise borrowings to fund itself from the more acceptable ECB drawings.
This would appease Frankfurt, which is keen to see IBRC’s borrowings from the Irish Central Bank, which stood at €42 billion last December, sharply reduced.
Minister for Finance Michael Noonan said yesterday that the ECB was “never particularly happy” with the collateral on the promissory notes or “enamoured” by their structure, and would like “stronger collateral”.
Unsurprisingly, the Minister said the ECB would be “crucial” in any decision to restructure the promissory notes. The ECB approves the emergency loans from the Irish Central Bank to IBRC on a rolling basis.
While much of the detail in the latest restructuring is still being worked on for a draft paper arising from backroom discussions, what is clear is that a long-term solution will not be agreed by the time the next €3.1 billion payment due on the notes – March 31st.
As a result, the parties do not recognise this as a hard deadline for the wider restructuring, although an alternative mechanism could still be agreed where a €3.1 billion payment is made in kind, not in cash.
The annual repayment deadline points to another reason to agree the latest bank restructuring; for the Government it will remove the “political toxicity of an annual bullet payment”, one source said. “It ticks a huge number of boxes – it moves on the whole restructuring of the banks,” he said.
The next restructuring of the State-owned banks
How it might be done
THE RESTRUCTURING of the Anglo Irish/ Irish Nationwide promissory notes and the removal of the Irish tracker mortgages at Allied Irish Bank and Permanent TSB is still very much a work-in-progress.
There are various options, however, being weighed up in technical discussions for a draft paper by the troika and State authorities.
The aim is to reduce €31 billion of the €35 billion bailout costs of Anglo and Irish Nationwide and at the same time cleanse the other State-owned lenders, AIB and Permanent TSB, of loss-making loans that are acting as a drag on the banks.
The promissory notes sit as an asset at Irish Bank Resolution Corporation, the entity that is winding down Anglo and Irish Nationwide.
There are €34 billion worth of tracker mortgages within the Irish residential mortgage books at AIB and Permanent TSB – €18 billion at AIB (and its subsidiary EBS) and €16 billion at Permanent TSB. These assets could be transferred to IBRC to replace the promissory notes – they are not far off the same value. This raises two issues – how do you pay AIB and Permanent TSB for the loans and how do you fund them at IBRC?
If the European Commission and the European Central Bank give the green light, a 30-year Irish Government bond could be accepted as collateral for a loan of the same duration at a low interest rate from the EU bailout fund, the European Financial Stability Facility.
The EU raised a 30-year bond through the European Financial Stabilisation Mechanism bailout fund in January for the Irish and Portuguese bailouts at a rate of just over 3 per cent. This costs less than the rate on the Central Bank’s emergency loans to IBRC.
This would push out the annual cost of filling the Anglo Irish/Irish Nationwide capital hole for a longer period at a lower rate.
There are several ways of accessing EFSF cash as rule changes last year mean that governments can draw down loans to recapitalise financial institutions.
The loan could be drawn down by the Government for IBRC and used to pay AIB and Permanent TSB for the tracker mortgages.
The next stress tests of the banks, which must be completed by the end of November, could set the value of the trackers at worst- case levels so there is no further capital needs by the three banks arising from the transfers.
All three are fully or virtually State-owned so this could allow the exercise to be completed without any further recapitalisations. IBRC could then fund the tracker mortgages by using them as collateral to borrow from the ECB through its regular refinancing operations and reduce the loans from the Irish Central Bank.
AIB and Permanent TSB then become more attractive to potential investors, which would reduce the State’s involvement in those banks, while IBRC is better funded and the cost of the Anglo Irish/Irish Nationwide bailouts are reduced.
SIMON CARSWELL
© 2012 The Irish Times
http://www.irishtimes.com/newspaper/finance/2012/0316/122431…
Tracker mortgages crucial to any deal on resolving bank debt crisis
SIMON CARSWELL, Finance Correspondent
Fri, Mar 16, 2012
ANALYSIS: Restructuring bank debt would put the Government outside the danger zone for indebted states
THERE MAY not be a silver bullet solution to the next restructuring of the State-owned banks but Government and troika authorities are planning to take a few shots at trying to repair them while reducing the cost of the bailouts.
The exercise involves not just trying to reduce the annual costs of paying for Anglo Irish Bank and Irish Nationwide through the promissory notes – the State IOUs on which the Government promises to pay €31 billion.
Officials are also attempting to make AIB and Permanent TSB more attractive to investors who might be willing to buy some or all of the State’s shareholding and to depositors who might help wean them off the support provided by the European Central Bank.
AIB, Bank of Ireland and Irish Life Permanent (parent of Permanent TSB) have shed €32 billion of assets in the “deleveraging” of their balance sheets, not far off the half-way mark on the road back to self-sufficiency.
The Department of Finance, however, noted in a “banking report card” in January that this year could be more difficult for further deleveraging – citing analysts’ estimates that up to €3 trillion of bank assets across Europe could come on the market.
This could drive prices lower, the department said, leading to potential fire sales of Irish bank assets and higher recapitalisation costs for the Irish institutions.
So officials must turn to a Plan B to remove excess assets at AIB and Permanent TSB. Bank of Ireland is not State controlled and is so far excluded from the planning.
The tracker mortgages at AIB, including those at subsidiary EBS, and Permanent TSB are loss-making as they are locked in at margin above the European Central Bank rate which is below the funding costs at the banks.
Removing the trackers, which account for a third of the Irish residential mortgages at the Government-guaranteed banks, improves the profitability of the banks and will deleverage them of a further €34 billion in assets, reducing their loan-to-deposits ratio towards the Central Bank’s target of 122.5 per cent.
This could tempt investors to buy some of the Government’s shareholding in the banks and lead to a repeat of the sale of a substantial stake in Bank of Ireland to private investors and the “halo effect” associated with that transaction that was helpful for Ireland.
Given how the fortunes of the banks are tied to those of the State, any restructuring of bank debt will help the country’s prospects and ease a return to the markets so the Government can borrow on its own account.
“It is a pretty sensible idea. If your intention is to sell those banks and get as much for them, you have to do something with the trackers,” said Karl Deeter, operations manager at Irish Mortgage Brokers. “If you own all the banks, it doesn’t matter if you move them from one bank to another.”
Restructuring Irish bank debt would put the Government outside what is regarded as the danger zone for indebted states.
“The best situation is that the banks are not owned by the Irish State and we get a separation of the State and the banking system,” said Dermot O’Leary, chief economist at Goodbody Stockbrokers.
“That would help risk appetite towards the sovereign. The trackers are a massive drain on profitability and it makes the Irish banks a much less attractive proposition to investors.”
Purging AIB and Permanent TSB of loss-making tracker mortgages may leave Bank of Ireland, which has €17 billion of Irish tracker mortgages, at a disadvantage.
EU competition commission officials are, however, understood to be involved in the technical discussions examining the effect of the plans under state aid rules.
The prospect of transforming Permanent TSB into a viable bank to compete against the Government’s two “pillar” banks of AIB and Bank of Ireland could make the restructuring more appealing to EU competition officials.
The inclusion of Bank of Ireland and its €17 billion in Irish trackers increases the bank assets involved to €51 billion and makes the plan a much more expensive proposition to sell to the EU authorities.
The money to pay for the tracker transfers and the restructuring of the promissory notes, it is hoped by the parties involved, would come from the EU fund, the European Financial Stability Facility.
The plan may involve tapping a 30-year loan using a 30-year Government bond as collateral. The €34 billion in trackers from AIB and Permanent TSB could then replace the €31 billion promissory notes at IBRC.
The existing repayment schedule on the notes runs until 2031 with annual payments covering €31 billion of the Anglo/Irish Nationwide bill plus a further €17 billion in interest.
The new structure would align the repayment term on the assets replacing the promissory notes to the repayment term on the liabilities owing on the EU bailout loan.
Some trackers have maturities running from 20 to 25 years, which would covered by a 30-year EU loan to the banking system.
The trackers will also give IBRC a more attractive form of collateral that could be used to raise borrowings to fund itself from the more acceptable ECB drawings.
This would appease Frankfurt, which is keen to see IBRC’s borrowings from the Irish Central Bank, which stood at €42 billion last December, sharply reduced.
Minister for Finance Michael Noonan said yesterday that the ECB was “never particularly happy” with the collateral on the promissory notes or “enamoured” by their structure, and would like “stronger collateral”.
Unsurprisingly, the Minister said the ECB would be “crucial” in any decision to restructure the promissory notes. The ECB approves the emergency loans from the Irish Central Bank to IBRC on a rolling basis.
While much of the detail in the latest restructuring is still being worked on for a draft paper arising from backroom discussions, what is clear is that a long-term solution will not be agreed by the time the next €3.1 billion payment due on the notes – March 31st.
As a result, the parties do not recognise this as a hard deadline for the wider restructuring, although an alternative mechanism could still be agreed where a €3.1 billion payment is made in kind, not in cash.
The annual repayment deadline points to another reason to agree the latest bank restructuring; for the Government it will remove the “political toxicity of an annual bullet payment”, one source said. “It ticks a huge number of boxes – it moves on the whole restructuring of the banks,” he said.
The next restructuring of the State-owned banks
How it might be done
THE RESTRUCTURING of the Anglo Irish/ Irish Nationwide promissory notes and the removal of the Irish tracker mortgages at Allied Irish Bank and Permanent TSB is still very much a work-in-progress.
There are various options, however, being weighed up in technical discussions for a draft paper by the troika and State authorities.
The aim is to reduce €31 billion of the €35 billion bailout costs of Anglo and Irish Nationwide and at the same time cleanse the other State-owned lenders, AIB and Permanent TSB, of loss-making loans that are acting as a drag on the banks.
The promissory notes sit as an asset at Irish Bank Resolution Corporation, the entity that is winding down Anglo and Irish Nationwide.
There are €34 billion worth of tracker mortgages within the Irish residential mortgage books at AIB and Permanent TSB – €18 billion at AIB (and its subsidiary EBS) and €16 billion at Permanent TSB. These assets could be transferred to IBRC to replace the promissory notes – they are not far off the same value. This raises two issues – how do you pay AIB and Permanent TSB for the loans and how do you fund them at IBRC?
If the European Commission and the European Central Bank give the green light, a 30-year Irish Government bond could be accepted as collateral for a loan of the same duration at a low interest rate from the EU bailout fund, the European Financial Stability Facility.
The EU raised a 30-year bond through the European Financial Stabilisation Mechanism bailout fund in January for the Irish and Portuguese bailouts at a rate of just over 3 per cent. This costs less than the rate on the Central Bank’s emergency loans to IBRC.
This would push out the annual cost of filling the Anglo Irish/Irish Nationwide capital hole for a longer period at a lower rate.
There are several ways of accessing EFSF cash as rule changes last year mean that governments can draw down loans to recapitalise financial institutions.
The loan could be drawn down by the Government for IBRC and used to pay AIB and Permanent TSB for the tracker mortgages.
The next stress tests of the banks, which must be completed by the end of November, could set the value of the trackers at worst- case levels so there is no further capital needs by the three banks arising from the transfers.
All three are fully or virtually State-owned so this could allow the exercise to be completed without any further recapitalisations. IBRC could then fund the tracker mortgages by using them as collateral to borrow from the ECB through its regular refinancing operations and reduce the loans from the Irish Central Bank.
AIB and Permanent TSB then become more attractive to potential investors, which would reduce the State’s involvement in those banks, while IBRC is better funded and the cost of the Anglo Irish/Irish Nationwide bailouts are reduced.
SIMON CARSWELL
© 2012 The Irish Times
http://www.irishtimes.com/newspaper/finance/2012/0316/122431…
16.03.12 12:24
#858
Tarels
Guter Artikel
Die Substanz ist bei ILP zweifelsohne vorhanden, das Business-Model hat die Profitablität lang genug unter Beweis gestellt. Da müssen sich BOI und AIB warm anziehen, wenn es so kommt.
16.03.12 14:17
#860
Tarels
Klartext
Wer diese Aktie zum Ausgabepreis von knapp 4,00 Euro erstanden hat, der dürfte von dem "unentdeckten Vervielfacher", wie sich dieser Thread hier nennt, wohl nichts mitbekommen haben. Es sei denn, der Vervielfacher in die andere Richtung ist gemeint.
Für Short-seller war ILP stets ein gefundenes Fressen, der irische Staat hat da schließlich kräftig mitgeholfen. Manche meinen, der Eingriff von Noonan ging damals viel zu weit und ich schließe mich dem an. Das war eine beispiellose Abstrafung der Aktionärsgemeinde, als der Kurs ins Bodenlose fiel und ich finde, langsam steht Wiedergutmachung auf dem Plan. Fast schon kriminell, wie man alles auf den Aktionären abgeladen hat mit der Sondergesetzgebung. Mein EK liegt bei 0,054 Euro, aber ich fühle mit denjenigen, die damals glaubten, ihre Ersparnisse seien bei großen Banken gut aufgehoben.
Kein Wunder, dass Fondmanager wie Pjotr, die all ihr Geld in dieser renommierten irischen Institution geparkt hatten, nun einen Verlustausgleich fordern. Das Ausmaß war verheerend für alle Aktionäre, die damals bei ILP investiert waren. Ich hoffe ehrlich, dass Pjotr zumindest einen Teilerfolg vor Gericht feiert und zwar nicht, um mich selber daran zu bereichern, sondern weil Pjotr für mich der zu unrecht Gebeutelte und moralische Sieger ist.
Die ILP-Aktie macht heute nun einen stark überverkauften Eindruck, der Chart ist eine einzige Einbahnstraße ins Nichts. Das sieht man selbst bei den heruntergekommensten Pennystock-Bretterbuden selten.
Langsam zeichnet sich ein Aufwärtstrend am Horizont ab und die ersten paar Stufen wurden schon genommen, wenn auch sehr gemächlich. Aber Geduld muss man schon mitbringen, denke ich mal, sonst wird die Börse zur Verlustzone.
Für Short-seller war ILP stets ein gefundenes Fressen, der irische Staat hat da schließlich kräftig mitgeholfen. Manche meinen, der Eingriff von Noonan ging damals viel zu weit und ich schließe mich dem an. Das war eine beispiellose Abstrafung der Aktionärsgemeinde, als der Kurs ins Bodenlose fiel und ich finde, langsam steht Wiedergutmachung auf dem Plan. Fast schon kriminell, wie man alles auf den Aktionären abgeladen hat mit der Sondergesetzgebung. Mein EK liegt bei 0,054 Euro, aber ich fühle mit denjenigen, die damals glaubten, ihre Ersparnisse seien bei großen Banken gut aufgehoben.
Kein Wunder, dass Fondmanager wie Pjotr, die all ihr Geld in dieser renommierten irischen Institution geparkt hatten, nun einen Verlustausgleich fordern. Das Ausmaß war verheerend für alle Aktionäre, die damals bei ILP investiert waren. Ich hoffe ehrlich, dass Pjotr zumindest einen Teilerfolg vor Gericht feiert und zwar nicht, um mich selber daran zu bereichern, sondern weil Pjotr für mich der zu unrecht Gebeutelte und moralische Sieger ist.
Die ILP-Aktie macht heute nun einen stark überverkauften Eindruck, der Chart ist eine einzige Einbahnstraße ins Nichts. Das sieht man selbst bei den heruntergekommensten Pennystock-Bretterbuden selten.
Langsam zeichnet sich ein Aufwärtstrend am Horizont ab und die ersten paar Stufen wurden schon genommen, wenn auch sehr gemächlich. Aber Geduld muss man schon mitbringen, denke ich mal, sonst wird die Börse zur Verlustzone.
18.03.12 13:34
#861
1ALPHA
Modell Irland
bessert sich weiter:
"...Then PTSB and AIB's tracker mortgage dead weight is expected to get cordoned off within months, potentially leaving both freer to lend more, or at more reasonable rates in PTSB's case..."
http://www.independent.ie/business/...tic-mortgage-front-3053972.html
http://www.independent.ie/business/irish/...of-debt-deal-3051146.html
"...Then PTSB and AIB's tracker mortgage dead weight is expected to get cordoned off within months, potentially leaving both freer to lend more, or at more reasonable rates in PTSB's case..."
http://www.independent.ie/business/...tic-mortgage-front-3053972.html
http://www.independent.ie/business/irish/...of-debt-deal-3051146.html
28.03.12 08:10
#865
mmafr
Könnte positiv sein für TSB !
It is hoped that this year's stress tests will convince investors that problems have been contained, and could lead to fresh investment in AIB and Permanent TSB.
28.03.12 19:24
#867
1ALPHA
Der Verkauf
der ILP Leben an den Staat ist nachvollziehbar - aber bedauerlich.
Damit ILP jetzt ein Erfolg wird, wäre die Abgabe der Tracker ohne große Abschreibungen notwendig. Schaun wir 'mal, ob das klappt.
Damit ILP jetzt ein Erfolg wird, wäre die Abgabe der Tracker ohne große Abschreibungen notwendig. Schaun wir 'mal, ob das klappt.
28.03.12 19:48
#868
mmafr
@1Alpha
Immerhin ist der Preis ok und die Frage der trackers scheint sich ja zu unseren Gunsten zu entwickeln
30.03.12 10:24
#870
tausendprozent
was ist denn...
...diese Bank ohne ILP Leben noch wert??
Hätten die auch gleich ganz verstaatlichen können...
Hätten die auch gleich ganz verstaatlichen können...
31.03.12 11:49
#871
youda1
Hat Rest-Irish Life Assets?
Ist der Verkauf der LV rechtens?Wurde der V-Preis gewürfelt?Wer hat Info´s hierzu?
Ist der Rechtsstreit w/Kap.Erhöhung im Jahr 2011 beigelegt?
Allen Beteiligten ein frohes O-Fest.
Ist der Rechtsstreit w/Kap.Erhöhung im Jahr 2011 beigelegt?
Allen Beteiligten ein frohes O-Fest.
02.04.12 08:06
#872
mmafr
Heute Jahresabschluss
Nicht vergessen, heute D-Day :
IL&P 2011 Annual Results
02 April 2012
Demnach Daumen drücken dass die Zahlen nicht so schlecht ausfallen !
IL&P 2011 Annual Results
02 April 2012
Demnach Daumen drücken dass die Zahlen nicht so schlecht ausfallen !
02.04.12 09:58
#873
1ALPHA
Was die TSB
nach dem ILP Leben Verkauf zu 1,3 Mrd. € Wert ist, hängt davon ab, was TSB mit den 1,3 Mrd. macht. Mein Vorschlag ist : Kauf von irischen Staatsanleihen von 13 Mrd. € Nennwert und Beleihung der 90% der 13Mrd. € Staatsanleihen bei der EZB zu 1%.
Mit den Zinserträgen : Rückkauf der ILP Aktien in Staatsbesitz.
Mit den Zinserträgen : Rückkauf der ILP Aktien in Staatsbesitz.