The Irish Times - Wednesday, March 3, 2010
Under-pressure bank must cash in its jewels
Selling overseas businesses, which are generating profits, would enhance AIB
’s value, he said, up to 6 a share. The existing share price of 1.02 “
reflects impending nationalisation”, not the underlying value of the bank.
The contradiction for Doherty is that to avoid turning to the State for
another bailout, he must sell off some of AIB’s gems for the benefit of the
bank overall.
6 euro with AIB share equals