Moneybags Archives

Moneybags

HOSTELWORLD SHARES WELL PLACED FOR TRAVEL BONUS

May 19, 2022

HOSTEWORLD FOUND itself in a vulnerable place during the pandemic but is set to bounce back as people, especially younger ones, start travelling... Read more »

MINCON DRILLING DEEP TO KEEP UP WITH DEMAND

May 19, 2022

MINCON HAS become a global rock drilling equipment supplier, having been set up by Paddy Purcell in 1977 and now run by his... Read more »

CROWLEY PUSHING PTSB BUT SHARES LOOK PRICEY

May 5, 2022

UNDER THE leadership of Francesca McDonagh, Bank of Ireland (BoI) has seen its share of the Irish mortgage market shrink from 25% to... Read more »

KENMARE RESOURCES FINDS ITSELF IN A SWEET SPOT

May 5, 2022

LAST YEAR (see The Phoenix 7/5/21), Moneybags noted that investors in heavy sands mine operator Kenmare Resources would be “happy to sit tight... Read more »

POST-PANDEMIC SEAS STILL ROUGH FOR ICG

April 20, 2022

WITH P&O deciding to sack all 800 of its British car ferry staff and introduce new ‘yellow pack’ crewing arrangements, ICG could well... Read more »

THE DRUGS ARE WORKING FOR MALIN CORP

April 20, 2022

MALIN CORP had an eventful history after Kelly Martin raised €400m when floating it in 2015. Unfortunately for investors, the plan to back... Read more »

GREENCOAT BOARD SHOULD TERMINATE INVESTMENT MANAGER CONTRACT

April 7, 2022

THE LATEST fundraising exercise by wind farm owner Greencoat Renewables went off without a hitch but the biggest beneficiary of the group’s activities... Read more »

BOTSWANA DIAMONDS STARTING TO SHINE

April 7, 2022

DIAMOND MINING is not the kind of business that attracts too many Irish entrepreneurs, particularly as the industry is an effective monopoly, dominated... Read more »

BOI SHARES UNDERRATED BUT TROUBLE BREWING

March 24, 2022

FRANCESCA MCDONAGH has been running Bank of Ireland (BoI) since October 2017, a position that is the ideal platform for her to position... Read more »

CONROY GOLD’S TURKISH DELIGHT

March 24, 2022

QUANTITATIVE EASING devalues cash and this, combined with negative interest rates and the crisis caused by the invasion of Ukraine, is the perfect... Read more »

HIBERNIA REIT’S DEAL GIVES NOWLAN BREATHING SPACE

March 10, 2022

JUST BEFORE Christmas, Hibernia REIT chief executive Kevin Nowlan announced a truly impressive deal, with the pre-let sign-up of KPMG for a 20-year... Read more »

GOING IS GOOD AGAIN BUT GOFFS STILL HANDICAPPED

March 10, 2022

THE IRISH horseracing bloodstock sector is a huge earner and one of the players joining the gallop is Goffs auction house. The company,... Read more »

VODAFONE SHARES NOW READY TO DELIVER

February 24, 2022

ABOUT 380,000 Irish investors in the original Eircom float in 1999 became shareholders in Vodafone in 2001 when the mobile phone business Eircell... Read more »

MURPHY’S STRANGE STRATEGY AT DCC

February 24, 2022

DCC WAS a non-focused conglomerate a decade ago but dumped half of its then six divisions, finally disposing of the waste sector in... Read more »

WILL IAN IRELAND OFFLOAD DONEGAL INVESTMENT GROUP?

February 10, 2022

IAN IRELAND, the CEO at Donegal Investment Group (DIG) – formerly Donegal Creameries – has really impressed over the past decade and a... Read more »

URS JORDI PUTS ARYZTA BACK ON TRACK

February 10, 2022

THE FIVE-year chairmanship of Aryzta is the gig that Gary McGann may best be remembered for. He oversaw huge equity destruction, with the... Read more »

CORRE ENERGY’S VERY LONG TERM SCHEDULE

January 27, 2022

ALONG WITH HealthBeacon, another recent arrival on the Dublin Stock Euronext Growth Market is Corre Energy, helping to partly reverse the defections over... Read more »

I-RES REIT FINALLY DUMPS COSTLY CONTRACT

January 27, 2022

IRISH RESIDENTIAL Properties(I-Res) REIT floated in 2014, at which stage Capreit, the Canadian company behind the group, signed itself up to a lucrative... Read more »

MAKING SENSE OF HEALTHBEACON’S PROJECTIONS

January 13, 2022

GIVEN THE continuing exodus of companies from the Dublin Stock Exchange, either as a result of being taken out or migrating their prime... Read more »

KINGSPAN SHARES SOAR DESPITE LEADERSHIP CONCERNS

January 13, 2022

THE RECENT performance of Kingspan’s share price has been little short of astonishing, especially in light of public relations disasters. With a new... Read more »

AFTER PADDY COVENEY AT GREENCORE

December 16, 2021

THE ANNOUNCEMENT last month of Paddy Coveney’s exit from Greencore was inevitable. Fans of Moneybags will be familiar with the CEO’s shortcomings, which... Read more »

WHY YEW GROVE DEAL SHOULD BE REJECTED

December 16, 2021

IT IS very difficult to make any sense of the behaviour of the three amigos at Yew Grove REIT – Jonathan Laredo, Charlie... Read more »

REAPING THE PROFITS AT ORIGIN ENTERPRISES

December 2, 2021

TOM O’MAHONY hung up his CEO boots at Origin Enterprises in June 2020 and passed the baton on to Sean Coyle, who arrived... Read more »

FINEOS SHARES SKY HIGH DOWN UNDER

December 2, 2021

FINEOS IS one of the few Irish so-called unicorns and happens to be quoted on the Australian Stock Exchange. It was founded in... Read more »

ANNUAL 2021: MONEYBAGS – WHICH SHARES ARE PRIMED FOR POST-PANDEMIC BOOST?

November 18, 2021

A S THE panic associated with the global pandemic begins to ease off, investors are hoping that the world will be able to... Read more »

Ger Rabbette deserves the lion’s share of the credit for Uniphar almost doubling its share price in consecutive years, resulting in a valuation of €1.27bn.

ANNUAL 2021: MONEYBAGS – WINNERS AND LOSERS IN 2021

November 18, 2021

THE STOCK market and share prices over the past two years have been totally dominated by the pandemic and, not surprisingly, some of... Read more »

Albert Manifold’s decision to lead CRH’s retreat from emerging markets has raised eyebrows – as has his hefty pay package.

ANNUAL 2021: MONEYBAGS – ALBERT MANIFOLD’S U-TURN AT CRH

November 18, 2021

ALBERT MANIFOLD has been in charge (officially) at CRH since 2014 and has been remarkably well paid during that time. Some investors say... Read more »

Darragh Lyons (Photo: Fergal Phillips/Business Post)

MALIN CORP’S DISPOSALS BOOST THE COFFERS

November 4, 2021

THE BOARD of Malin Corp finds itself stuck in a legal spat that could prove expensive, the core issue being a change in... Read more »

PROVIDENCE NEEDS TO FIND THE RIGHT MAN

November 4, 2021

AFTER ALL the hot air spouted by Providence and its recently departed CEO Alan Lynn about the bizarre Barryroe farm-out deal to a... Read more »

CAIRN SHARE PRICE LEAVES ROOM FOR UPSIDE

October 21, 2021

FROM A standing start in 2015, when Cairn Homes delivered a mere 11 houses, the output figure hit 1,080 in 2019. This was... Read more »

YEW GROVE’S HIGH-RANKING TENANTS GUARANTEE DIVIDENDS

October 21, 2021

YEW GROVE REIT came late to the party, only floating off in June 2018 and raising a relatively modest €75m. Significantly, the company... Read more »

TRYING TO MAKE SENSE OF GREENCOAT RENEWABLES

October 7, 2021

WHILE RENEWABLE energy is very much du jour, from a financial point of view these businesses survive courtesy of significant state subsidies, which... Read more »

KERRY GROUP FINALLY GETS ITS STRATEGY RIGHT

October 7, 2021

AFTER MORE than a decade of Kerry Group advocating the virtues of a twin-tracked strategy – the two divisions of food ingredients and... Read more »

UNITED OIL AND GAS DRILLING IN CHOPPY WATERS

September 23, 2021

MUCH LIKE the aircraft leasing industry in Ireland grew out of Tony Ryan’s GPA business, with this country now responsible for the leasing... Read more »

GRAFTON’S SHARE PRICE DISTRACTS FROM INVESTOR DISCONTENT

September 23, 2021

OVER THE past decade, Grafton CEO Gavin Slark expanded the Grafton model that his predecessor Michael Chadwick had developed. The Chadwick culture had... Read more »

ONLY DIRECTORS AND KPMG WINNING AT BALMORAL

September 9, 2021

A LITTLE more than a year ago AIB sold an €850m non-performing commercial loan book to a vulture fund, Cerberus, at a discount... Read more »