Article Category: Moneybags

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 »

WILL GRAFTON TAKE OUT CRH’S EUROPEAN BUSINESS?

April 4, 2019

SINCE TAKING over as CEO at Grafton Group in 2011, Gavin Slark has too partially fulfilled former boss Mike Chadwick’s ambition to lessen... Read more »

WILL INT PAPER SWOOP ON SMURFIT AGAIN?

March 21, 2019

SMURFIT KAPPA’S Tony Smurfit has proven a short-sighted CEO who displays little awareness of the bigger picture. When the much larger International Paper... Read more »

QUESTIONS OVER UDG’S DISASTROUS SELL-OFF

March 7, 2019

LAST YEAR it was almost impossible to decipher the results for UDG Healthcare (previously United Drug) and, this year, the damage done to... Read more »

VARADKAR KEY TO OVERDUE PTSB-ULSTER BANK MERGER

March 7, 2019

IN A recent review of British bank RBS, Davy analysts Stephen Lyons and Jack O’Halloran included a small section on its Irish subsidiary,... Read more »

TIME FOR O’LEARY TO DISEMBARK AT RYANAIR

February 21, 2019

RYANAIR INVESTORS can’t be happy with the company tailspinning into pre-tax losses of U84m for its quarterly three-month trading to the end of... Read more »

TOASTING STEPHEN GLANCEY AT C&C

February 7, 2019

THE DECISION by C&C to bring in Stephen Glancey and his pals from Scottish & Newcastle a decade ago, to help sort out... Read more »

INVESTORS IN THE DARK AT PRIME ACTIVE CAPITAL

February 7, 2019

LATER THIS month, the Prime Active Capital (PAC) AGM will be held in Dublin and it is set to be a heated affair.... Read more »

IAG SHARES BETTER VALUE THAN RYANAIR

January 24, 2019

WILLIE WALSH’S International Airlines Group (IAG) is the most profitable airline group in the world, having returned an operating profit of over €3bn... Read more »

THE SMALL PRINT IN GREENCORE’S €1BN US DISPOSAL

January 10, 2019

PADDY COVENEY has been disappointing his shareholders in Greencore for much of his tenure since he became CEO a decade ago. Given the... Read more »

AMINEX SHAREHOLDERS SHORTCHANGED BY NEW REGIME

January 10, 2019

BRIAN HALL spent the last 27 years building Aminex from the embers of the Eglinton Oil & Gas oil exploration business in Columbia... Read more »

DCC’S UNNECESSARY PLACING HURTS SHAREHOLDERS

December 13, 2018

THE MARKET has recently seen two Irish companies raise bucketloads of cash in very different circumstances. Aryzta was in desperate need of funding... Read more »

TASTY KERRY GROUP NEEDS TO SEPARATE INGREDIENTS

December 13, 2018

A YEAR into the job as CEO of Kerry Group, Edmond Scanlon must be a happy man. The share price is riding high... Read more »

MAINSTAY SHARE COLLAPSE COULD TEMPT INVESTORS

November 29, 2018

THE COLLAPSE in the share price of Mainstay Medical earlier this month has seen million wiped off the company’s market capitalisation. However, the... Read more »

GARY MCGANN FAILS TO DELIVER FOR ARYZTA

November 29, 2018

SINCE THE appointment of Gary McGann as chairman of Aryzta in December 2016, the share price has fallen from €40 to its current... Read more »

UNEXPLAINED TRENDS AT CPL RESOURCES

November 1, 2018

WHILE CPL Resources has turned in impressive figures, it is nevertheless a pity that husband and wife team Paul Carroll and Anne Heraty... Read more »

ACCOUNTING GOBBLEDYGOOK AT GREENCOAT RENEWABLES

October 18, 2018

FROM THE off, it has been very difficult to understand exactly what is going on inside Greencoat Renewables. The company’s revenue base –... Read more »

GOING IS GOOD FOR GOFFS

October 18, 2018

THE LENGTHY spat between John Magnier and Sheikh Mohammed Al-Maktoum was not good for Robert J Goff & Co, with Maktoum’s Godolphin breeding... Read more »

BAD MEDICINE AT MALIN CORPORATION

October 4, 2018

THE SAME week that Malin Corporation had its explosive AGM (September 13), Don Panoz – the founder of its predecessor company, Elan Pharmaceuticals... Read more »

ORMONDE MINING’S PATIENT SHAREHOLDERS SET FOR PAYDAY

October 4, 2018

AFTER 25 years of mineral exploration in Spain, Ormonde Mining is on the cusp of delivering a mine producing 13% of the western... Read more »

WAKE-UP CALL FOR GLENVEAGH PROPERTIES

September 20, 2018

IT WAS remarkable that Cairn Homes was able to pull off an audacious fundraising IPO in 2015, together with a whopping €200m founders’... Read more »

DALRADIAN DELIVERS CROCK OF GOLD

September 20, 2018

UP TO the middle of the last century, Irish schoolchildren would have understood that Ireland had no natural resources outside of farming, other... Read more »