Article Category: Moneybags

Ryanair’s “ugly face of capitalism”

October 5, 2017

IT IS hard to believe that a company as large and successful as Ryanair could possibly walk itself into the nightmare it has... Read more »

Smurfit Kappa going through the motions

October 5, 2017

Smurfit Kappa, now led by the 53-year-old Tony Smurfit, is only going through the motions of surviving from day to day without addressing... Read more »

Fizz has gone out of Cantrell & Cochrane

September 21, 2017

STEPHEN GLANCEY walked C&C into a real disaster in his rapid expansion into the USA, lashing out $400m four years ago to buy... Read more »

Jeremy Masding’s PTSB gamble

September 21, 2017

JEREMY MASDING has to do something with the €5.8bn rump of non-performing loans in Permanent TSB (PTSB). He can no longer sit on... Read more »

Paddy Power Betfair no sure thing

September 7, 2017

IN The Phoenix 20/5/2016 Moneybags warned that Paddy Power shares at €113 were trading on a pro forma p/e multiple of 50 –... Read more »

Frothy Diageo shares set to go flat

September 7, 2017

SHARES IN Diageo are flying high following a nice bounce courtesy of the recently published June 2017 results. But the truth is, the... Read more »

Abbey shareholders miss out on property boom

August 24, 2017

Charles Gallagher AS FANS of Moneybags are well aware, Charlie Gallagher has run the Abbey house building group before, and especially during, the... Read more »

The other Irish gold rush – Dalradian

August 24, 2017

Patrick Anderson WHILE THERE has been significant media interest in the boardroom upheavals at Conroy Gold and Natural Resources, there is an even... Read more »

DCC’s rocket-fuelled share rating

August 10, 2017

Donal Murphy WITH DCC’s Tommy Breen standing down – despite being only 58 – the new chief executive is Donal Murphy, who has... Read more »

Ormonde Mining’s low valuation

August 10, 2017

Mike Donoghue ORMONDE MINING chairman Mike Donoghue has very sensibly delayed the development of his tungsten mine in Salamanca, Western Spain. The initial... Read more »

Applegreen fuels share price growth

July 27, 2017

Bob Etchingham EVEN THOUGH Applegreen floated off in July 2015, raising e95m in fresh equity, it is still unclear what happened in December... Read more »

The battle for Conroy Gold

July 27, 2017

Pat O’Sullivan IT IS an unusual scenario to have an ex-professor of physiology running a gold mining company, especially given that Dick Conroy... Read more »

Tougher times ahead for Dalata in UK

July 13, 2017

IN 2007, Pat McCann set up Dalata Hotels with the backing of Davy stockbrokers and Shane Reihill. Thanks principally to the timing, this... Read more »

Kennedy Wilson’s Irish bonanza

July 13, 2017

ONE OF the lesser known real estate investment trusts (Reits) that have invaded Ireland is the London Stock Exchange listed Kennedy Wilson Europe... Read more »

AIB‘s IPO flies despite serious question marks

June 29, 2017

GIVEN THAT the whole Irish and London financial establishment got its nose in the trough to benefit from the U50m in fees associated... Read more »

Nama and the housing crisis

June 29, 2017

THE LATEST annual report for Nama refers to fanciful “profit” targets when the reality is that the bad bank is set to lose... Read more »

Some clean up at Cairn Homes

June 15, 2017

CAIRN HOMES has pulled off quite a coup by landing the coveted RTÉ site in Dublin 4. This is good news for Mick... Read more »

Ryan ensures super growth rating for ABF

June 15, 2017

IT IS hard to overstate the scale of the legacy Arthur Ryan created with the Penneys/Primark retailing phenomenon that started life in Dublin’s... Read more »

Glanbia farmers sold down the river

June 2, 2017

SIOBHÁN TALBOT has now been group managing director of the Glanbia plc group for four years and, in that time, she has turned... Read more »

Why Heavey must exit undervalued Tullow

June 2, 2017

IT IS not often Irish companies are covered in the agenda-setting Lex column of the Financial Times but at the beginning of March,... Read more »

Real value of INM unrecognised by the market

May 17, 2017

HAVING WITNESSED the rationalisation and reorganisation of Independent News and Media (INM) into a solid financially strong Irish-focused print media operation, Denis O’Brien... Read more »

Will Druid finally pay off for Providence?

May 17, 2017

IT IS extraordinary that after 36 years of failure, Providence Resources is still there to engage in one of the most exciting drillings... Read more »

Papering over the cracks at Bank of Ireland

May 3, 2017

THE BIGGEST single problem that Bank of Ireland (BoI) is facing is the stress testing of its solvency, carried out last year by... Read more »

Kenmare Resources restored to profit

May 3, 2017

MICK CARVILL has twice brought Kenmare Resources to the point of total collapse, first back in 2000 when he closed down the company’s... Read more »

Datalex shares flying dangerously high

April 19, 2017

AIRLINE SOFTWARE engine Datalex has been one of the most impressive and surprising share performers on the Irish Stock Exchange. With its shares... Read more »

Aminex assets not reflected in the share price

April 19, 2017

ONE OF Aidan Heavey’s less fortunate decisions was to relinquish Tullow Oil’s 50% stake in Aminex’s onshore Ruvuma licence in Tanzania, after the... Read more »

High-risk investment in the Ardagh Group

April 5, 2017

LAST MONTH Paul “the Cooler” Coulson managed to raise €295m by floating off 7% of the Ardagh Group SA on the New York... Read more »

CRH needs the right person in the chair

April 5, 2017

IN JUST over three years since his appointment as chief executive in January 2014, Albert Manifold has done an excellent job running CRH.... Read more »

AIB flotation plan does not add up

March 23, 2017

WITH FINANCE minister Michael Noonan preparing to sell-off 25% of AIB and, as a taster, preparing to pay out a dividend of €250m,... Read more »

Aer Lingus bargain helps IAG shares soar

March 23, 2017

THERE WAS considerable surprise in the Irish media when Willie Walsh announced IAG group’s results for 2016 and confirmed that Aer Lingus had... Read more »

UDG’s accounting manoeuvres

March 9, 2017

OVER THE past 16 years, Liam Fitzgerald dramatically transformed United Drug from being the biggest Irish wholesale drug and distribution company supplying most... Read more »

DCC shareholders sitting pretty but party is now over

March 9, 2017

TOMMY BREEN’S €270m acquisition of Esso’s retail petrol network in Norway last month and, even more so, last week’s decision to sell off... Read more »

Aidan Heavey’s costly legacy at Tullow Oil

February 23, 2017

THIS APRIL, after Tullow Oil’s annual meeting, Aidan Heavey will officially step down after 30 years as chief executive and hand over to... Read more »

Mick O’Leary’s over expansion at Ryanair

February 23, 2017

IT LOOKS like Mick O’Leary is up to his old tricks again with predictable turbulence for his shareholders. The business model that works... Read more »

Aryzta is now a buy-out target

February 9, 2017

OWEN KILLIAN in Aryzta has been hit by a perfect storm and is under particular pressure from his new largest shareholder, Causeway Capital... Read more »