AIB teleconference

[verbatim]

Here are some headline statements from the AIB full year forecast teleconference

BN	9:33	*ALLIED IRISH SAYS POLISH UNIT HAS TIGHTEST MARGINS     :ALBK ID
BN	9:32	*ALLIED IRISH SAYS POLAND UNAFFECTED BY CREDIT MARKET CRISIS
BN	9:29	*ALLIED IRISH SAYS LOAN RENEGOTIATIONS  `MINIMAL'       :ALBK ID
BN	9:26	*ALLIED IRISH BANK SAID EXPOSURE TO HOUSE BUILDERS WILL FALL
BN	9:25	*ALLIED IRISH SAYS CURRENT ACCOUNT GRWOTH FLAT          :ALBK ID
BN	9:24	*ALLIED IRISH SAYS IRISH OFFICE MARKET `EXTREMELY' STRONG
BN	9:23	*ALLIED IRISH SAYS IRISH PROPERTY INVESTORS MOVING OVERSEAS
BN	9:21	*ALLIED IRISH SAYS HAS NO EXPOSURE TO `SPEC' LONDON MARKET
BN	9:21	*ALLIED IRISH'S KELLY, O'DONNELL SPEAKING ON ANALYSTS' CALL
BN	9:20	*ALLIED IRISH SAYS NO DECLINE IN UK CREDIT QUALITY      :ALBK ID
BN	9:19	*ALLIED IRISH SAYS CREDIT QUALITY `REMARKABLY ROBUST'   :ALBK ID
BN	9:18	*ALLIED IRISH SAYS  50,000 NEW HOUSES A YEAR `SUSTAINABLE'

1. BN 9:17 *ALLIED IRISH SAYS HOUSE PRICES FELL `SIGNIFICANTLY’ :ALBK ID
2. BN 9:16 *ALLIED IRISH SAYS HOUSE PRICES TO FALL 10% :ALBK ID
3. BN 9:12 *ALLIED IRISH SAYS THERE’S LESS COMPETITION FOR LENDING
4. BN 9:12 *ALLIED IRISH SAYS HIGHER MARGINS ARE `AVAILABLE’ :ALBK ID
5. BN 9:11 *AIB SAYS CREDIT SHORTAGE MAY COST TENS' OF MILLIONS IN '08 <img src="/uploads/default/original/1X/ae031e9834d19166598edd060b063d44f1829139.gif" width="15" height="15" alt="8)" title="Cool"/> BN 9:09 *ALLIED IRISH SAYS SOME CREDIT DISLOCATION’ CAN BE PASSED ON
6. BN 9:04 ALLIED IRISH FULL-YEAR EARNINGS FORECAST: LIVE :ALBK ID

" BN 9:26 *ALLIED IRISH BANK SAID EXPOSURE TO HOUSE BUILDERS WILL FALL"

Exposure will fall as they start to go bust.

[whizzbang]

AIB’s stock price is up a bit more than the ISEQ, but tha could have been anything, any word on 2008 revenues/dividents?