Article Category: Moneybags

DCC’s rocket-fuelled share rating

August 10, 2017

Donal Murphy WITH DCC’s Tommy Breen standing down – despite being only 58 – the new chief executive is Donal Murphy, who has... Read more »

Ormonde Mining’s low valuation

August 10, 2017

Mike Donoghue ORMONDE MINING chairman Mike Donoghue has very sensibly delayed the development of his tungsten mine in Salamanca, Western Spain. The initial... Read more »

Applegreen fuels share price growth

July 27, 2017

Bob Etchingham EVEN THOUGH Applegreen floated off in July 2015, raising e95m in fresh equity, it is still unclear what happened in December... Read more »

The battle for Conroy Gold

July 27, 2017

Pat O’Sullivan IT IS an unusual scenario to have an ex-professor of physiology running a gold mining company, especially given that Dick Conroy... Read more »

Tougher times ahead for Dalata in UK

July 13, 2017

IN 2007, Pat McCann set up Dalata Hotels with the backing of Davy stockbrokers and Shane Reihill. Thanks principally to the timing, this... Read more »

Kennedy Wilson’s Irish bonanza

July 13, 2017

ONE OF the lesser known real estate investment trusts (Reits) that have invaded Ireland is the London Stock Exchange listed Kennedy Wilson Europe... Read more »

Nama and the housing crisis

June 29, 2017

THE LATEST annual report for Nama refers to fanciful “profit” targets when the reality is that the bad bank is set to lose... Read more »

AIB‘s IPO flies despite serious question marks

June 29, 2017

GIVEN THAT the whole Irish and London financial establishment got its nose in the trough to benefit from the U50m in fees associated... Read more »

Some clean up at Cairn Homes

June 15, 2017

CAIRN HOMES has pulled off quite a coup by landing the coveted RTÉ site in Dublin 4. This is good news for Mick... Read more »

Ryan ensures super growth rating for ABF

June 15, 2017

IT IS hard to overstate the scale of the legacy Arthur Ryan created with the Penneys/Primark retailing phenomenon that started life in Dublin’s... Read more »

Glanbia farmers sold down the river

June 2, 2017

SIOBHÁN TALBOT has now been group managing director of the Glanbia plc group for four years and, in that time, she has turned... Read more »

Why Heavey must exit undervalued Tullow

June 2, 2017

IT IS not often Irish companies are covered in the agenda-setting Lex column of the Financial Times but at the beginning of March,... Read more »

Real value of INM unrecognised by the market

May 17, 2017

HAVING WITNESSED the rationalisation and reorganisation of Independent News and Media (INM) into a solid financially strong Irish-focused print media operation, Denis O’Brien... Read more »

Will Druid finally pay off for Providence?

May 17, 2017

IT IS extraordinary that after 36 years of failure, Providence Resources is still there to engage in one of the most exciting drillings... Read more »

Papering over the cracks at Bank of Ireland

May 3, 2017

THE BIGGEST single problem that Bank of Ireland (BoI) is facing is the stress testing of its solvency, carried out last year by... Read more »

Kenmare Resources restored to profit

May 3, 2017

MICK CARVILL has twice brought Kenmare Resources to the point of total collapse, first back in 2000 when he closed down the company’s... Read more »

Datalex shares flying dangerously high

April 19, 2017

AIRLINE SOFTWARE engine Datalex has been one of the most impressive and surprising share performers on the Irish Stock Exchange. With its shares... Read more »

Aminex assets not reflected in the share price

April 19, 2017

ONE OF Aidan Heavey’s less fortunate decisions was to relinquish Tullow Oil’s 50% stake in Aminex’s onshore Ruvuma licence in Tanzania, after the... Read more »

High-risk investment in the Ardagh Group

April 5, 2017

LAST MONTH Paul “the Cooler” Coulson managed to raise €295m by floating off 7% of the Ardagh Group SA on the New York... Read more »

CRH needs the right person in the chair

April 5, 2017

IN JUST over three years since his appointment as chief executive in January 2014, Albert Manifold has done an excellent job running CRH.... Read more »

AIB flotation plan does not add up

March 23, 2017

WITH FINANCE minister Michael Noonan preparing to sell-off 25% of AIB and, as a taster, preparing to pay out a dividend of €250m,... Read more »

Aer Lingus bargain helps IAG shares soar

March 23, 2017

THERE WAS considerable surprise in the Irish media when Willie Walsh announced IAG group’s results for 2016 and confirmed that Aer Lingus had... Read more »

DCC shareholders sitting pretty but party is now over

March 9, 2017

TOMMY BREEN’S €270m acquisition of Esso’s retail petrol network in Norway last month and, even more so, last week’s decision to sell off... Read more »

UDG’s accounting manoeuvres

March 9, 2017

OVER THE past 16 years, Liam Fitzgerald dramatically transformed United Drug from being the biggest Irish wholesale drug and distribution company supplying most... Read more »

Aidan Heavey’s costly legacy at Tullow Oil

February 23, 2017

THIS APRIL, after Tullow Oil’s annual meeting, Aidan Heavey will officially step down after 30 years as chief executive and hand over to... Read more »

Mick O’Leary’s over expansion at Ryanair

February 23, 2017

IT LOOKS like Mick O’Leary is up to his old tricks again with predictable turbulence for his shareholders. The business model that works... Read more »

Aryzta is now a buy-out target

February 9, 2017

OWEN KILLIAN in Aryzta has been hit by a perfect storm and is under particular pressure from his new largest shareholder, Causeway Capital... Read more »

Abbey shareholders increasingly isolated

February 9, 2017

HAVING GAINED control of the Abbey house building group with the blessing of the Irish Stock Exchange (ISE) authorities, Charlie Gallagher has now... Read more »

Paddy Coveney rolls the dice at Greencore

January 25, 2017

THERE ARE some troubling aspects to Greencore’s $751m (€700m) acquisition of the American Peacock Foods convenience food group. It is not clear if... Read more »

First Derivatives’ sky-high share rating

January 25, 2017

ONE OF Ireland’s more impressive but little reported success stories is the fast growing financial software house, First Derivatives (FD), set up by... Read more »

Fyffes shareholders betting on a takeover battle

January 12, 2017

THERE ARE peculiar aspects to the €751m (€2.23 a share) recommended takeover of Fyffes by the giant E12bn capitalised Japanese Sumitomo group. While... Read more »

Venn Life Sciences profit prescription

January 12, 2017

FROM 1996 to 2004, Tony Richardson ran Alltracel, the small Irish pharmaceutical company that specialised in the development and marketing of an innovative... Read more »

Market cools as INM soap opera turns ugly

December 14, 2016

THERE IS a certain logic to INM diversifying into digital media by acquiring the Newstalk radio station from the Communicorp Group. Both are... Read more »

Opaque figures make it hard for Origin investors

December 14, 2016

LAST YEAR was a challenging one for Tom O’Mahony’s Origin Enterprises group. It wasn’t just that trading profits of €74m fell back to... Read more »

Bloodstock blues for Goffs

December 1, 2016

THIS YEAR is the 150th anniversary of Robert J Goff & Co, the Irish bloodstock auctioneer founded in 1866 by the Myerscough family.... Read more »