Article Category: Moneybags

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 »

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 »

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 »

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 »

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 »

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 »

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 »

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 »

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 »

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 »