Moneybags Archives

Moneybags

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 »

AMRYT’S ‘MINI BLOCKBUSTER’ DRUGS SET TO REAP $1BN IN SALES

September 9, 2021

COMING ON top of the $153m acquisition of Aegerion as recently as September 2019, Amryt Pharma’s current $375m merger with Chiasma represents another... Read more »

FBD’S STRATEGY COULD BACKFIRE AS AXA TARGETS GROWTH

August 26, 2021

THE ROLE played by the insurance sector during the pandemic has been less than edifying, with businesses denied cover from their business interruption... Read more »

PETRONEFT SHAREHOLDERS HOPING THE RIDE CONTINUES

August 26, 2021

PETRONEFT was heading off the cliff at the beginning of the year, with the shares down to 0.6p. There has been a dramatic... Read more »

PASCHAL DONOHOE’S BANK OF IRELAND BLUNDER

August 12, 2021

IN ANNOUNCING on June 23 that he was planning to sell the state’s 14% stake in Bank of Ireland (BoI), finance minister Paschal... Read more »

HAPLESS AMINEX INVESTORS LEARN TO BE VERY PATIENT

August 12, 2021

THE HOPE that there could be a rapid development of Aminex into a profitable gas producing business on the back of Brian Hall’s... Read more »

TOP BRASS WEIGHS DOWN PROVIDENCE SHARE PRICE

July 29, 2021

THE FAILURE of Spot-On Energy to deliver the non-recourse funding elements of Providence Resources’ development programme, as envisaged in the farm-in programme for... Read more »

OPEN ORPHAN IDEALLY PLACED TO BENEFIT FROM THE PANDEMIC

July 29, 2021

CATHAL FRIEL has been making a lot of bold moves as executive chairman of Open Orphan, such as the company’s strategic decision in... Read more »

JOHN TEELING EXPLORING A NEW DIRECTION

July 15, 2021

THE IRREPRESSIBLE John Teeling is set to take a back seat after decades of rollercoaster adventures, mostly in the oil exploration sector. He... Read more »

DCC LACKING ENERGY TO PUSH FOR THE BIG TIME

July 15, 2021

THE CONSERVATIVE approach of the original DCC players Jim Flavin and Tommy Breen are reflected in the current CEO Donal Murphy, who has... Read more »

DATALEX’S SURPRISE €25M EQUITY RAISE

July 1, 2021

WHAT A surprising move Datalex made earlier this month when issuing a fundraiser, a year ahead of what observers would have predicted after... Read more »

CARL MCCANN’S REMARKABLE FRUIT SALAD

July 1, 2021

CARL MCCANN is about to create a global fruit and vegetable colossus courtesy of his merging of Total Produce and Dole Food Company... Read more »

C&C RIGHTS ISSUE IMPOSSIBLE TO JUSTIFY

June 17, 2021

AFTER A year that saw virtually the whole of the hospitality industry closed down due to Covid-19, C&C has survived despite losses of... Read more »

GETTING OUT OF UDG MAKES SENSE FOR SHAREHOLDERS

June 17, 2021

THE SURPRISE bid by US fund Clayton, Dubilier & Rice (CD&R) for UDG Healthcare may prove timely for investors given the sensitive area... Read more »

RYANAIR SHARES OVERVALUED WHEN COMPARED WITH IAG

June 3, 2021

FLYING HIGH these days is the Ryanair share price despite the very evident turbulence. For some reason the airline is valued not far off... Read more »

GLANTUS BOTTOM LINE HIT BY PUNITIVE INTEREST RATES

June 3, 2021

SOFTWARE DEVELOPMENT companies can prove irresistible to investors, who love nothing more than a ‘platform’ to throw their money at, despite the setbacks... Read more »

DATALEX BANKING ON POST-PANDEMIC BOOST

May 20, 2021

THE PANDEMIC has traumatised the airline industry. With Datalex’s revenue dropping 38% last year from $45m to $28m (following a 30% fall in... Read more »

UNIPHAR NEEDS RIGHT PRESCRIPTION TO JUSTIFY ITS HUGE RATING

May 20, 2021

IT IS impressive how Uniphar has come through the worst of the pandemic. Some other players in the field struggled, such as the... Read more »

DATALEX BANKING ON POST-PANDEMIC BOOST

May 20, 2021

THE PANDEMIC has traumatised the airline industry. With Datalex’s revenue dropping 38% last year from $45m to $28m (following a 30% fall in... Read more »

UNIPHAR NEEDS RIGHT PRESCRIPTION TO JUSTIFY ITS HUGE RATING

May 20, 2021

IT IS impressive how Uniphar has come through the worst of the pandemic. Some other players in the field struggled, such as the... Read more »

HAMMERSON SHARES GROSSLY UNDERVALUED

May 6, 2021

THE GIANT British Hammerson retail property group – the largest such investor in Ireland, controlling the biggest shopping centre here (Dundrum Town Centre)... Read more »

KENMARE RESOURCES NOW A CASH MACHINE

May 6, 2021

THE NEW Sultan of Oman, Haitham Bin Tarik Al Said, must be pleased with Kenmare Resources, which was saved from going under in... Read more »

HOSTELWORLD PRIMED FOR 2022 BOUNCEBACK

April 22, 2021

IT LOOKED bad for Hostelworld when it released its 2020 results revealing a loss of a whopping €50m on the back of an... Read more »

‘GLOBAL’ CRH CONTINUES TO SHRINK

April 22, 2021

MAYBE SOMEBODY should tell CEO Albert Manifold to stop claiming “CRH is the leading global building materials business in the world”. In fact,... Read more »

EAMONN ROTHWELL’S LANDBRIDGE STRATEGY LOOKS ALL AT SEA

April 8, 2021

WITH THE demand for direct Ireland to France RoRo ferry services cresting since Brexit docked on January 1, three of the competitors of... Read more »

TULLOW OIL SHARES WORTH MULTIPLES OF CURRENT PRICE

April 8, 2021

IT WOULD be a real irony should Sam Dossou-Aworet, from whom Aidan Heavey bought Energy Africa for €433m in 2004, end up controlling... Read more »

MCDONAGH FAILS TO CLOSE THE GAP WITH AIB

March 25, 2021

BANK OF Ireland CEO Francesca McDonagh showed her ruthless side by taking the scalpel’s knife to the group’s branch network, announcing the closure... Read more »

EXPOSED DALATA BANKING ON TOURISTS’ QUICK RETURN

March 25, 2021

WITH CEO Pat McCann announcing his intention to resign after “a period of transition” as he reaches the 70 mark, he is leaving... Read more »

KERRY GROUP NEEDS SIGNIFICANT GROWTH TO JUSTIFY RATING

March 11, 2021

THE DECISION by Ed Scanlon to offload the Kerry Group’s stagnant consumer foods division (including the creamery and cooked meats operations) was long... Read more »

SMURFIT KAPPA CONTINUES TO GO BACKWARDS

March 11, 2021

SMURFIT KAPPA has been on the receiving end of plenty of glowing press coverage in recent times, sometimes driven by the focus on... Read more »

RYANAIR FACING TURBULENCE FROM LEANER WIZZ AIR

February 25, 2021

WITH MICK O’Leary now forecasting Ryanair will incur further significant losses in the last three months of its current year ending March 2021,... Read more »

PROVIDENCE SHAREHOLDERS PREPARE FOR BOND BOOST

February 25, 2021

IT WAS reported in the Business Post recently that Providence Resources’ farm-out partner, SpotOn Energy, had approached the Irish exploration company about a... Read more »

APPLEGREEN SHAREHOLDERS HAVE THE POWER TO SHOOT DOWN POOR OFFER

February 11, 2021

BOB ETCHINGHAM and his partner Joe Barrett have made Applegreen a real success, with 559 petrol station forecourts and service centres spread between... Read more »