Ann: Central Bank of Ireland Update, page-100

disappointed, frustrated and annoyed are three words that just touch the surface

even if revenue in this part of the business is capped until next year we should still see a 10-15% rise in overall revenue ($230m will go to $265m ish) and ebit will go from $55 -$70m. This would mean that interest rates deliver $15m of Ebit gain and flat overall gain for remainder (overall 25% profit growth)

even though I want them to move to Spain to get some clean air I don’t think long term it would look good to cut and run. I hope they get a consulting firm in to do the numbers and also advise on the latter and if they can go then yeah go but if they can’t and they can maintain control of largest shareholders then stay, fix the problems but also be more transparent on exactly what the issue is (specifically) and perhaps provide more info to shareholders of the strategy and other vertices to provide confidence.

At the moment it’s a vacuum of uncertainty and all options should be on the table incl share buy back