Good Afternoon ,
Irish Life and FBD results today, No major surprises in either case. Thought the tone of the Irish Life meeting and presentation was positive or so I thought . We are reviewing our forecasts in details now. Irish Life have completed a bond issue today which was a big success…
FBD also contained no surprises , the downgrade due to the weather and the NAV downgrade was also expected.
The market does not like this and seems to be waiting for it to plateau before recognising that this is a stonkingly cheap stock on a variety of metrics.
Tomorrow the results season continues with Grafton and Total produce.
Markets opened lower this morning but went better as the day went on
Have a good evening
Liam
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Liam Boggan
Merrion Stockbrokers
Tel.: 353-1-2404171
Mob:353-87-2313505
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