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Smurfit Kapa

  • 05-11-2009 7:30pm
    #1
    displaced dub
    Registered Users, Registered Users 2 Posts: 766 ✭✭✭


    Hi All

    What is your opinion on Smurfit, im considering a purchase of approx 500 shares tomorrow based on davy saying the following

    "We believe that the stock represents compelling value at current levels and reiterate our 1000c price target and 'outperform' rating."

    Well what do you think?


Comments

  • #2
    Comordha
    Closed Accounts Posts: 562 ✭✭✭Comordha


    To be fair I wouldn't base it on that alone. However, I own a couple of hundred too and got in at €4.00, tracked it from €1.60. I think it looks good, you are basically making a play on manufacturing / advertising picking up in Europe, so if you beleive that will happen go for it.


  • #3
    pocketdooz
    Registered Users, Registered Users 2 Posts: 1,559 ✭✭✭pocketdooz


    .


  • #4
    displaced dub
    Registered Users, Registered Users 2 Posts: 766 ✭✭✭displaced dub


    pocketdooz wrote: »
    .

    Cheers PD...

    Bought 400 at €5.52


  • #5
    Comordha
    Closed Accounts Posts: 562 ✭✭✭Comordha


    I reckon you'll be fine on this one. Large cap, big player, stable medium term indebtedness and all that


  • #6
    displaced dub
    Registered Users, Registered Users 2 Posts: 766 ✭✭✭displaced dub


    WTF?

    I thought this was a good pick after data and forecasts etc.. now its on the slide, lost about €0.70 in the last few days.


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  • #7
    crapmanjoe
    Registered Users, Registered Users 2 Posts: 472 ✭✭crapmanjoe


    yeah i lost about 150 on spread betting the shares

    Dont really understand it espically since Davy's still have it as "outperforming" and have set a target price of €10


  • #8
    pocketdooz
    Registered Users, Registered Users 2 Posts: 1,559 ✭✭✭pocketdooz


    crapmanjoe wrote: »
    yeah i lost about 150 on spread betting the shares

    Dont really understand it espically since Davy's still have it as "outperforming" and have set a target price of €10

    Davy havent a clue what they are on about most of the time. They advocate a buy on almost every Irish company. Why do you think this is? Serious vested interests between the certain Irish bank/brokers and heads of companies.

    These guys had a buy recommendation on every Irish bank as they slid steadily into the abyss. Not to mention the fact that Davy is a highly-levered business with a business model that may not be able to survive. But that's another story for another day.

    Short version : do your own research and don't rely on the likes of Davy etc.

    .


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