The Bank of Ireland ADR Delisted from the New York Stock Exchange

The Governor and Company of the Bank of Ireland has delisted its ADRs from the NYSE. The ADR used to trade with the ticker IRE. The last trade on the exchange happened on Feb 12, 2015. Here is the ADR termination timeline from the bank’s investor relations site: Expected delisting and ADR termination timeline 21 …

Continue reading ‘The Bank of Ireland ADR Delisted from the New York Stock Exchange’ »

Some Facts About Ireland and The Largest 10 Companies

Ireland is relatively a little country with a population of about 4.5 million.Until the late 80s the country was a poor performer in terms of growth and prosperity. However Ireland was erroneously dubbed as a “Celtic Tiger” owing to the staggering economic growth achieved until 2007. This Celtic Tiger name was modeled after the “Asian …

Continue reading ‘Some Facts About Ireland and The Largest 10 Companies’ »

A Review of Irish ADRs’ Performance YTD

The table below lists the Year-To-Date (YTD) performance of the exchange-listed Irish ADRs: S.No. Company Ticker Sector YTD Returns as of Nov 24, 2010 1 Allied Irish Banks AIB Banks -71.23% 2 Bank of Ireland IRE Banks -79.37% 3 CRH CRH Construct.&Materials -29.64% 4 Elan ELN Pharma. & Biotech. -17.94% 5 ICON ICLR HealthCareEquip.&Ser -6.49% …

Continue reading ‘A Review of Irish ADRs’ Performance YTD’ »

European Banks Have Large Exposures To Ireland

The EU and IMF are expected to approve a bailout package worth billions of Euros to Ireland next week. The Irish banking system is especially in need of capital injections despite billions already pumped into them by the Irish government. Similar to most U.S. banks, Irish banks also recklessly lent funds heavily to the real …

Continue reading ‘European Banks Have Large Exposures To Ireland’ »

Anglo Irish Bank Nationalized – Equity Worthless

Yesterday January 16, 2009 The Government of Ireland nationalized the Anglo Irish Bank. The shares were suspended from trading in all the exchanges. Anglo Irish was listed as a sponsored ADR with the ticker AGIBY. The ADR last closed at less than a dollar at $0.12.The Department of Finance of the Irish Government says: “The …

Continue reading ‘Anglo Irish Bank Nationalized – Equity Worthless’ »