Article Category: Moneybags

UNLOVED ORIGIN ENTERPRISES SHARES UNDER-RATED

December 12, 2019

TOM O’MAHONY has taken two significant steps in his ongoing development of Origin Enterprises. Most recently, there was the €48m sale of the... Read more »

RYANAIR’S BOTTOM LINE BOOSTED BY BOEING’S BAD NEWS

November 28, 2019

NOT TOO many observers realise that the ongoing Boeing 737 Max debacle has had a beneficial side-effect for Ryanair shareholders, as it has... Read more »

GLANBIA’S ACQUISITION STRATEGY FAILS TO DELIVER

November 28, 2019

FROM BEING one of the darlings on the stock market, Glanbia’s star has waned over the last year. The shares fell back from... Read more »

GREEN REIT BONANZA FAR FROM A DONE DEAL

October 31, 2019

THE IMMINENT exit from the market of Green REIT represents an eye-watering killing for founders Steve Vernon and Pat Gunne, who will have... Read more »

BOOMING CPL CAN’T RECRUIT BIG SHAREHOLDERS

October 31, 2019

ANNE HERATY and her husband, Paul Carroll, are the dominant shareholders in the CPL recruitment group, with a combined 35% shareholding, which gives... Read more »

ARYZTA’S SLOW RECOVERY REFLECTED IN SHARE PRICE

October 16, 2019

IT HAS never been explained why former Aryzta CEO Owen Killian bought a minority 47.8% stake in French frozen foods retailer Picard, for... Read more »

PETRONEFT SHAREHOLDERS SHOULD PREPARE FOR THE WORST

October 16, 2019

THE RESIGNATION last November of the founder of PetroNeft Resources, Denis Francis, was merely another negative development for a company in way over... Read more »

ABBEY’S IRISH PERFORMANCE LOOKS EMBARRASSING

October 3, 2019

CHARLIE GALLAGHER has managed to take his family shareholding in the ‘listed’ Abbey plc house-building group from 24% to 82%, while failing to... Read more »

TONY O’REILLY JNR’S PROVIDENCE PANTOMIME

October 3, 2019

DEALING WITH the Chinese on the development of the Barryroe oilfield was never going to be easy, but it did hold out the... Read more »

AIB IS UNDERVALUED BY MARKET

September 5, 2019

WITH BANK of Ireland (BoI) aiming to be the “national champion bank”, it is difficult to know where this puts AIB, which has... Read more »

DCC’S HIGH SHARE RATING HARD TO JUSTIFY

September 5, 2019

SINCE HE took charge in July 2017, Donal Murphy has partly reduced the breadth of DCC’s operations as it retreats somewhat from its... Read more »

WHY IS MICK O’LEARY STILL IN THE COCKPIT?

August 22, 2019

IT IS a reflection of his overwhelming influence in Ryanair that the end of the runway is not yet in sight for Mick... Read more »

FIRST DERIVATIVES AFTER BRIAN CONLON

August 22, 2019

THE DEATH last month of Brian Conlon is a blow not just for his family and his company, First Derivatives (FD), but also... Read more »

Jeremy Masding can’t stop the rot at Permanent TSB

August 8, 2019

IT IS now over 10 years since the bottom of the crash and over seven years since Jeremy Masding was appointed CEO (2012)... Read more »

Question marks over Uniphar’s prescription for success

August 8, 2019

IN RAISING E135m at E1.15 a share by floating on the Dublin Euronext junior Growth market and London’s AIM market, Uniphar has signalled... Read more »

TIME FOR WESTONS TO SPIN OUT PENNEYS/PRIMARK

July 25, 2019

THE LATE Arthur Ryan was a retailing genius who founded the Penneys/Primark retail clothing giant, which today trades out of 364 stores occupying... Read more »

FRANCESCA MCDONAGH’S PROBLEMS AT BANK OF IRELAND

July 25, 2019

THE CHIEF executive of Bank of Ireland (BoI), Francesca McDonagh, has overseen a total clear-out of all the top management inside the bank... Read more »

JOHN FARRELL’S SUPER MISS BLUES

July 25, 2019

DISGRUNTLED creditors of trendy Dublin 2 restaurants Super Miss Sue and Luna have cooked up some trouble for the directors and shareholders. A... Read more »

MALIN SHARES NOW AT 50% DISCOUNT TO ASSET VALUE

July 11, 2019

SOMETIMES, when things go wrong they go really wrong. Malin – the company set up by ex-Elan suit Kelly Martin and floated off... Read more »

BIG BOYS IN THE ATLANTIC COULD BOOST PETREL SHARES

July 11, 2019

THE BIGGEST oil company in the world, Exxon Mobil, and the biggest in China, Cnooc, are engaged in a joint venture to drill... Read more »

TROUBLE BREWING AT KARELIAN DIAMONDS

June 27, 2019

AT THE age of 86, Dick Conroy is running two mineral exploration companies – Karelian Diamonds and Conroy Gold and Natural Resources. Both... Read more »

NAMA’S 10 TERRIBLE YEARS

June 27, 2019

NAMA is a complex organisation, but one of its most significant aspects has been its role in the housing crisis that currently exists... Read more »

O’LEARY UNSCATHED BY RYANAIR’S PROFIT TAILSPIN

June 12, 2019

ANNOUNCING RYANAIR’S results for the year to March 2019, Mick O’Leary tried to minimise the negatives while advising that earnings had fallen a... Read more »

FALCON OIL HOPING FOR GOOD NEWS DOWN UNDER

June 12, 2019

FRACKING is a hugely controversial issue in this country and elsewhere. The Australian government introduced a moratorium on hydraulic fracturing in September 2016... Read more »

AMINEX SHARES FAIL TO REFLECT POTENTIAL IN TANZANIA

May 29, 2019

AMINEX HAS farmed out the development of its gas discovery in Tanzania with a $105m development deal, wherein it is fully carried through... Read more »

TOTAL PRODUCE’S DOLE PROBLEM

May 29, 2019

INVESTORS IN Total Produce would be forgiven for not getting the full picture from the 2018 annual report. The acquisition of only a... Read more »

GREEN REIT SALE DOESN’T MAKE SENSE

May 16, 2019

THE ANNOUNCEMENT by Steve Vernon on April 15 that the Green Reit board “has taken a decision to initiate a process for the... Read more »

CHOPPY WATERS IN STORE FOR ROTHWELL’S ICG

May 16, 2019

LAST YEAR was a bad one for Eamonn “Rottweiler” Rothwell’s Irish Continental Group (ICG). He is now looking to bounce back, but the... Read more »

WHY I-RES SHOULD END THE CANADIANS’ SWEET DEALS

May 2, 2019

IRELAND’S HOUSING crisis has provided opportunities for certain players, notably Irish Residential Properties Reit (I-Res), where the Canadian founders have been doing very... Read more »

THE INCREDIBLE €240M CASH TAKEOUT OF IFG

May 2, 2019

THE £200m Elysian Fuels controversy is still unresolved and a further £5m provision has had to be made to cover potential further sanction... Read more »

O’BRIEN COULD GET €100M IN INM TAKE-OUT

April 18, 2019

IT IS hard to believe the news emerging of a pending takeover bid for Independent News & Media (INM). With Denis O’Brien sitting... Read more »

KENMARE RESOURCES INCREASINGLY TEMPTING AS TAKEOVER TARGET

April 18, 2019

FANS OF Moneybags will recall last year’s prediction (see The Phoenix, 23/3/18) that Kenmare Resources “should manage to hit sales of nearly $250m... Read more »

PADDY POWER’S US BET MAY NOT PAY OFF

April 4, 2019

AFTER PEAKING at a crazy €136 back in February 2016, it has been a pretty bumpy ride at Paddy Power Betfair (PPB), especially... Read more »