Article Category: Moneybags

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 »

Kingspan’s share price at highrise levels

November 2, 2017

THE GRENFELL apartment block disaster in London earlier this year highlighted the importance of building facades from a safety point of view. Some... Read more »

Profits at Goffs galloping ahead

November 2, 2017

EIMEAR MULHERN – the late Charlie Haughey’s daughter and wife of the late John Mulhern – has been chair of Goffs for over... Read more »

Eamonn Rothwell’s numbers

October 19, 2017

EAMONN ROTHWELL rarely fails to surprise. Just as Irish Continental Group (ICG) is preparing to lash out €144m for its big new overnight... Read more »

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 »

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 »

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 »

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 »