NEW YORK - Shares of Allied Irish Bank continued to slump. The banking giant from Ireland is down 35% since the bank was nationalised on September 30. However, the stock still trades on the Irish and New York stock exchange despite this occurrence. The stock currently has a market capitalization of $600 million but this does not include the potential for dilution. The Bank of Ireland saw its share count climb by 400% in their last half year year filing and shareholders of Allied can expect even great dilution then this.
To see the full AIB report click here
No comments:
Post a Comment