Article Category: Moneybags

OVOCA’S BIZARRE SWITCH OFFERS HUGE UPSIDE POTENTIAL

August 9, 2018

IT IS clearly very odd that a company that has long traded in the natural resources sector has, overnight, turned itself into a... Read more »

ALAN WALSH NOW HAS THE DOSH TO GROW IPL

July 26, 2018

THE FLOTATION of IPL Plastics (IPLP) on the Toronto Stock Exchange along with the issuing of new shares to raise fresh capital of... Read more »

TIME TO PULL THE PLUG ON PETRONEFT’S RUSSIAN DISASTER

July 26, 2018

PETRONEFT has been one of the biggest disasters on the Irish Stock Exchange, with its shares going from a high of U0.90 in... Read more »

DRAPER ESPRIT GROWS BUT STILL IMPOSSIBLE TO VALUE

July 12, 2018

NO PRIVATE equity groups are quoted on the Irish Stock Exchange besides Draper Esprit (DE), which floated off on the ESM two years... Read more »

KIBO MINING COULD REWARD PATIENCE

July 12, 2018

KIBO MINING, set up in 2008 by Galway geologist Noel O’Keeffe, mainly focused on gold exploration in Tanzania around Victoria Lake. After years... Read more »

DUDS AND DITHERING AT AMINEX PLC

June 28, 2018

GIVEN THAT Aminex went into production in Tanzania for the first time in April 2016, the first full year figures from the gas... Read more »

LOTS OF ROOM FOR GROWTH AT YEW GROVE

June 28, 2018

ON THE one hand it is not surprising that another Irish property REIT has been launched on the Irish-UK stock markets given the... Read more »

A LONG WAY TO GO FOR UNITED OIL AND GAS

June 13, 2018

A SIGNIFICANT number of executives have exited Tullow Oil in recent times. One company that has emerged as a result is United Oil... Read more »

UNDERVALUED OVOCA NEEDS TO IMPRESS SHAREHOLDERS

June 13, 2018

IRISH mining company Ovoca has had an unusual history since it was set up in 1985, moving from seeking zinc in Co Limerick... Read more »

CAN INVESTORS BE TEMPTED TO BOOK INTO HOSTELWORLD?

May 31, 2018

WHEN RAY NOLAN and Tom Kennedy sold off their online youth hostel booking business to US group Hellman & Friedman in 2009, it... Read more »

CLEANING UP INSIDE CAIRN HOMES

May 17, 2018

CLEARLY Mick Stanley and his Scottish finance mentor and supporter, Alan McIntosh, have done an impressive job in building a sizeable Irish house-building... Read more »

FALCON’S FRACKING GAMBLE DOWN UNDER

May 17, 2018

SUPPORTERS of the highly controversial oil and gas extraction technique of hydraulic fracking got a boost recently courtesy of an Australian government-commissioned report.... Read more »

FBD’S BONUSES AND DIVIDENDS NOT JUSTIFIED

May 3, 2018

IT IS a pity that Fiona Muldoon has resorted to accounting mechanisms at FBD Holdings. The various strategies make it very hard for... Read more »

GRAFTON GROUP SHARES WEIGHED DOWN BY BREXIT

May 3, 2018

IN THE 40 years up to 2015, Mike Chadwick built up the Grafton Group to be at one stage the most successful builders... Read more »

Fat fees at slow growing I-Res Reit

April 19, 2018

THE ARRIVAL in Ireland of the 50,000-apartment Canadian landlord, Capreit, has fundamentally changed the rental investment market. Its Irish offshoot, Irish Residential Property... Read more »

Providence shareholders holding out for a bonanza

April 19, 2018

AFTER 37 years of failures at Atlantic/Providence Resources, the company has signed a farm-out and financing deal with the Chinese group, Apex –... Read more »

Smurfit Kappa board wrong to reject €9bn bid

April 5, 2018

HAVING HAD its €8.6bn bid for Smurfit Kappa rejected, International Paper’s Mark Sutton tried to engage with the Irish company’s chairman Liam O’Mahony... Read more »

Tullow board needs to bite the bullet on Heavey

April 5, 2018

AIDAN HEAVEY retired as Tullow Oil CEO last year on April 26 2017, after 31 years in situ. But, instead of leaving the... Read more »

McDonagh needs to close gap on AIB

March 22, 2018

IT IS still surprising that the most prudent of Irish banks – Bank of Ireland – went into overdrive during the frenzied lending... Read more »

McCann’s Dole deal could attract Japanese predator

March 8, 2018

TOTAL PRODUCE’S Carl McCann is now buying, in phases, Dole Food Company from its 95-year-old owner, Dave Murdock. The same Murdock tried to... Read more »

Tesco’s big deal means trouble for Musgrave

March 8, 2018

WITH SALES of £56bn, Tesco is the world’s second-largest grocer. The company went through a sticky patch in 2014, however, due to falling... Read more »

Kelly Martin cashes in at Malin

February 22, 2018

MALIN CORP, the life sciences group floated in 2015, is one of the strangest corporate entities ever to feature on the Irish Stock... Read more »

Shareholders boxed in at Smurfit Kappa

February 22, 2018

SMURFIT KAPPA is the biggest cardboard box company outside of North America – and the biggest in Europe and South America. It is... Read more »

INM post-Buckley offers real value

February 8, 2018

THE REMARKABLE amount of controversy surrounding the Independent News & Media group (INM) – where chairman Leslie Buckley steps down next month –... Read more »

Anne Heraty’s cash pile

February 8, 2018

CPL is a hugely successful business model that dominates Ireland’s recruitment agency sector. It is run by Paul Carroll and his wife, Anne... Read more »

Thomas Ryan’s ‘acrimonious’ scrap

January 25, 2018

MORE details are emerging from Quesada Developments Ltd where an examiner was appointed last autumn after a toxic bust-up between the directors. After... Read more »

UDG’s bewildering accounts

January 25, 2018

IT IS difficult to understand the most recent results from UDG Healthcare plc (originally known as United Drug) where chief executive Brendan McAtamney... Read more »

AIB’s high share rating will be hard to maintain

January 11, 2018

AGAINST THE background of a successful IPO in June last year, which raised €3.4bn for the state through the sale of a 29%... Read more »

Taxpayer piles into Greencoat Renewables

January 11, 2018

AN IPO last year that broke new ground was Greencoat Renewables, which raised €270m in July 2017 and launched the first quoted Irish... Read more »

Coveney fails to deliver at Greencore

December 14, 2017

FANS OF Moneybags were probably not overly surprised by the troubled end of the year for Greencore, where management decisions led to huge... Read more »

Falcon Oil: not for the faint-hearted

December 14, 2017

PHILIP O’QUIGLEY has been running Falcon Oil & Gas since May 2012. The company has large tracts of land with various permits and... Read more »

Market fails to value Providence assets

November 30, 2017

THE UNFORTUNATE shareholders in Providence Resources have been through tough times and the latest setback was the double dud in the South Porcupine... Read more »

Mick Hoynes cashes in at Merlyn

November 30, 2017

IT IS most impressive that going from a tiny start in 2000, Mick Hoyne built up his showers operation Merlyn Industries to the... Read more »