Moneybags Archives

Moneybags

SMURFIT KAPPA’S VISION COSTLY FOR SHAREHOLDERS

December 16, 2020

ALMOST THREE years ago, Smurfit Kappa shareholders were presented with a takeover at €40 a share that was rejected out of hand by... Read more »

ANNE HERATY’S RECORD AT CPL RESOURCES

December 3, 2020

IN SELLING her recruitment company, CPL Resources, for €316m, CEO and main shareholder Anne Heraty has hit the jackpot and will personally walk... Read more »

ORIGIN ENTERPRISES FAILS TO HIT OWN TARGETS

December 3, 2020

IN THE 2019 annual report, Rose Hynes, chair of Origin Enterprises, advised her shareholders of “medium-term financial targets to 2023 of upwards earning... Read more »

ANNUAL 2020: MICHAEL O’LEARY’S PANDEMIC OPPORTUNITY

November 19, 2020

MICHAEL O’LEARY is facing an existential moment for Ryanair, a once-in-a-lifetime opportunity to make a seismic difference to the company and help it... Read more »

ANNUAL 2020 – STOCKS & SHARES: WINNERS AND LOSERS IN 2020

November 19, 2020

THIS YEAR, the company leading the winners’ table is one that has lost billions over the years, Providence Resources. The new management, under... Read more »

WHEN WILL HOSTELWORLD SHARES HIT BOTTOM?

November 5, 2020

IN LATE 2015, the hostel-focused online booking platform Hostelworld was floated off in Dublin at €2.70 a share, raising €184m in fresh equity.... Read more »

WHAT IS MICK CARVILL’S NEXT MOVE?

November 5, 2020

MICK CARVILL has been running Kenmare Resources for 36 years, having being drafted in as CEO by his father, Charlie. He survived early... Read more »

OUTSIDE ABBEY SHAREHOLDERS CONTINUE TO SUFFER

October 22, 2020

CHARLIE GALLAGHER continues to retain €100m cash inside Abbey plc rather than buying assets or paying it out to the shareholders by way... Read more »

END OF THE ROAD FOR PETRONEFT INVESTORS?

October 22, 2020

PETRONEFT HAS utterly failed to deliver. Having raised big bucks from investors in 2006 on the basis of impressive production projections and stated... Read more »

WILLIE WALSH’S €2.7BN IAG LEGACY

October 8, 2020

WILLIE WALSH – the most admired airline executive in the world, according to Mick O’Leary – exited the IAG airline conglomerate (which owns... Read more »

MINCON BUCKS THE TREND

October 8, 2020

WITH MINING in the doldrums, the multinational Irish drilling equipment manufacturer Mincon should be really feeling the pinch, especially on top of the... Read more »

WHAT’S THE POINT OF BALMORAL INT LAND?

September 24, 2020

AT THE top of the boom in 2006, the McCann brothers, Carl and David, spun a property vehicle out of Fyffes – Blackrock... Read more »

UNIPHAR’S SHARE PRICE IMPOSSIBLE TO JUSTIFY

September 24, 2020

IT WAS surprising that Uniphar could float off in July last year and nearly double its share capital, raising €135m at €1.15 a... Read more »

VRE SHAREHOLDERS BANKING ON BUY-OUT

September 10, 2020

IT IS certainly surprising that a tiny company, with sales of less than €½m and losing money at a rate of knots, could... Read more »

KERRY GROUP’S SHARE RATING LOOKS TOO HIGH

September 10, 2020

KERRY GROUP is now worth over E19bn, having floated off at IR£0.52 in the early 1980s, with the shares now at U114. Over... Read more »

CHEAP AIB SHARES DON’T REFLECT RECOVERY POTENTIAL

August 27, 2020

AIB BOSS Colin Hunt must be wondering why he is coming under fire in the media, with the Irish Times, for example, accusing... Read more »

CASHING OUT AT IPL PLASTICS

August 27, 2020

ARYZTA AND Origin were spin-offs from Philip Lynch’s IAWS, with the other remnants transformed by him into a conglomerate and brought together under... Read more »

C&C SHAREHOLDERS DESERVE EXPLANATION FOR CEO EXIT

August 13, 2020

THE UNPLANNED departure of a CEO, requiring the chair to step in as temporary boss, is rarely a sign that things are going... Read more »

VERMILION ENERGY’S CORRIB EXPERIENCE

August 13, 2020

OFFSHORE OIL and gas exploration have been attracting plenty of attention, with the Greens (and Sinn Féin) pushing a ban on this activity... Read more »

DATALEX’S CRASH LANDING COULD ATTRACT BUYERS

July 30, 2020

WHEN THE 15-month-long suspension was lifted earlier this month, Datalex shares collapsed 75% to 22.5c. The suspension was lifted by Euronext Dublin and... Read more »

KAINOS SHARES BUCK THE MARKET TREND

July 30, 2020

WHILE THE Covid-19 crisis has knocked the stuffing out of many companies, this is certainly not the case for the Belfast-based Kainos IT... Read more »

FLUTTER ENTERTAINMENT’S BET ON SMURFIT’S GAN

July 16, 2020

AFTER YEARS of struggling, 45-year-old Dermot S Smurfit has hit the jackpot with a $50m equity raise, floating on the American Nasdaq market... Read more »

OVOCA BIO’S SHAREHOLDERS FEELING THE RUSSIAN COLD

July 16, 2020

SHAREHOLDERS IN Ovoca Bio must be increasingly bewildered at the approach being taken by the Russians who control the company, where Kirill Golovanov... Read more »

PROVIDENCE RESOURCES’ STRANGE DEAL WITH SPOTON ENERGY

July 2, 2020

TONY O’REILLY Jnr has had an eventful career and the end came last December with Providence share price sitting at 5c, having peaked... Read more »

PERFECT STORM HAMMERS HAMMERSON SHAREHOLDERS

July 2, 2020

HAMMERSON PLC (owner of Dundrum Town Centre) is the most significant retail property investor in this country. However, CEO David Atkins stepped down... Read more »

ICG SHAREHOLDERS FACING PERFECT STORM

June 18, 2020

IF EAMONN ROTHWELL thought that 2018 was his annus horribilis, then he ain’t seen nothing yet. Irish Continental Group (ICG) has been hit... Read more »

BREEDON GROUP FIGURES REVEAL MASSIVE IRISH CEMENT MARGINS

June 18, 2020

ONE OF the bigger deals struck in this country is Kevin Lagan’s €500m cash sale of his Lagan cement, concrete and aggregates business... Read more »

TIME TO EXAMINE AMINEX’S ACTIVITIES

June 4, 2020

IT IS difficult to know what exactly is going on inside Aminex and exactly where it is getting its leadership from. What is... Read more »

RYANAIR HAMMERED BY COVID AND FUEL HEDGES

June 4, 2020

THE INTERNATIONAL passenger airline business is in tatters courtesy of Covid-19. Warren Buffett dumped all Berkshire Hathaway’s airline holdings on the basis that... Read more »

YEW GROVE REIT’S PANDEMIC VACCINE

May 21, 2020

NOT ONLY was Yew Grove REIT a late arrival to the Irish property recovery party, but with a portfolio of €141m, it is... Read more »

CRH: ASIAN NIGHTMARE AND AMERICAN DREAM

May 21, 2020

ON FOOT of the pandemic-induced shutdown in March, CRH’s shares collapsed from €36 in February to a low of U16 the day after... Read more »

MAINSTAY MEDICAL’S UNHEALTHY TREATMENT OF SHAREHOLDERS

May 7, 2020

MAINSTAY MEDICAL floated off in Dublin six years ago at €21 a share, raising €18m, but it has proved an underperformer ever since.... Read more »

CAIRN HOMES FACING A TOUGH 2020

May 7, 2020

CAIRN HOMES has some notable features, including a huge number of new housing unit completions. Most notable, however, was the way in which... Read more »

JEREMY MASDING CUTS AND RUNS FROM PTSB

April 23, 2020

PERMANENT TSB is a real mess and, after eight years trying to sort it out, CEO Jeremy Masding threw in the towel. Last... Read more »

GRAFTON GROUP SHARE COLLAPSE OVERDONE

April 23, 2020

GAVIN SLARK had a unique opportunity to realise the goal of his predecessor, Mike Chadwick, to turn Grafton Group into “a leading international... Read more »

FLUTTER ENTERTAINMENT GETS THE FLUTTERS

April 9, 2020

COVID-19 has severely impacted Flutter Entertainment. CEO Peter Jackson has estimated that the closedown of global sporting events will hit the bottom line... Read more »