Irish (ISEQ) share chat

littlevillage

Not sure what interest there is in the ISEQ?

But they say invest in what you know. I have drifted away from the ISEQ and Irish shares in general in the last year....but have been investing in ISEQ companies for over 20 years now. I have been quite successful over the years and still hold a small number of shares

- Abbey (soon to be de-listed, cashing out at €17.63 ..bought in at €14 a couple of years back)
- Cairn Homes
- CRH
- Malin Corp
- Mincon
- Providence Resources
- Smurfit
- Yew Grove REIT

Sold out of Kingspan last week. (Too much negativity about their Grenfell tower exposure and Corporate governance question marks)

and sold out of

Ovoca bio,
Ormond mining
Kenmare resources

over the last 12 months too. Just felt that they were all too illiquid and just locked in my profits and moved on to different oportunities.

My share portfolio is mostly US/UK shares now.

Green Penguin

Yeah not much happening on the Iseq these days, like to see some fresh faces come to the market.
Have few % in some of the bigger names Kerry, Flutter, Kingspan (still), along with Uniphar & Draper Esprit although they trade much more in UK than on iseq.

littlevillage

As well as Abbey, Applegreen & CPL recruitment are gone in the next few months too. Could definitively do with a few new faces. Maybe Brexit will actually force some companies to de-list from UK and list here instead.

Chuckie_Egg

Aryzta pulling out now too.

all that's left are Banks, Builders and Bookies
Reads like something from the 1940's Ireland

littlevillage

ISEQ taking a thumping today - 2.5%

Not sure of any buying opportunities. Banks maybe and Kingspan starting to become more attractive looking

farmerval

Is Ryanair and maybe Irish Continental group coming into buying opportunity spaces?

bcklschaps

farmerval wrote: »

Is Ryanair and maybe Irish Continental group coming into buying opportunity spaces?

Personally would want Ryanair down to 11's or even 10's begore I'd bite.

No opinion on Irish Continental.

Green Penguin

What about the homebuilders : Cairn/Glenveagh?

littlevillage

Green Penguin wrote: »

What about the homebuilders : Cairn/Glenveagh?

Hard to know. I bought my holding of Cairn at 79c last year soo I'm nicely in the green, but I don't know if I would invest at the current €1 levels. It still a good bit off its ATH of €1.35 but tread carefully is my advice.

From any reports I have read Glenveagh is a poor imitation of Cairn. Its suffers in every comparative statistic and crucially entered the market a year or soo after Cairn, when land prices had already shot up.

littlevillage

Some interesting stuff going on at Malin Corp.

They aren't really a company, more an investment fund that specialises in investing in  early stage Pharma/Health care related companies.... with the aim of realising a gain once said early stage company is sold/ floated off etc.

It's high risk, high reward stuff.... and they have been doing pretty badly over the last 4-5 years (they had to write off losses on many of their investments)... but finally now they seem to have hit pay dirt with 3 of the invested companies either IPO-ing or being bought out. Poseida, Kymab, Immunocore

There's talk of a large once off cash dividend being returned to share holders some time this year.

Supercell

Cannot believe how well Ryanair has held up, its about the only thing that remotely interests me on the ISEQ. To be honest it just show how utterly dependant we are on foreign multinationals here.

littlevillage

Kingspan drifting into tempting price territory today. €52.60 a couple of mins ago.

Problem is they are getting butt-****ed at the Grenfell Tower inquiry. Might not effect Irish or worldwide sales.... but they are going to have a hard time rebuilding their reputation in UK.


https://www.bbc.com/news/uk-northern-ireland-55986486

Can't find the breakdowns but I suspect UK is their single biggest national market. Personally waiting for SP to fall further. Maybe under €50

boom92

littlevillage wrote: »

Kingspan drifting into tempting price territory today. €52.60 a couple of mins ago.

Problem is they are getting butt-****ed at the Grenfell Tower inquiry. Might not effect Irish or worldwide sales.... but they are going to have a hard time rebuilding their reputation in UK.


https://www.bbc.com/news/uk-northern-ireland-55986486

Can't find the breakdowns but I suspect UK is their single biggest national market. Personally waiting for SP to fall further. Maybe under €50

It's hard to say what effect the results of the inquiry will have on the share price in the short term but long term I think Kingspan will benefit from EU policy in relation energy deficient buildings along with initiatives from the Biden administration with respect to climate change.

I'd like to see it drop another few % before buying but will be watching closely over the coming weeks.

Green Penguin

Been invested in Kingspan for last 3 or 4 years. If I was picking one share to hold on the Iseq 12 months ago would have been Kingspan without a doubt so goes to show u never know what's around the corner with any investment.
Bit of culture change to be done but think a great long term buy at €50 for sure.

SomeGuyCalledMi

Kerry Group down 10% today. Anyone know why? Time to buy?

mike_cork

SomeGuyCalledMi wrote: »

Kerry Group down 10% today. Anyone know why? Time to buy?

https://www.farmersjournal.ie/kerry-group-shares-wobble-on-back-of-negative-research-report-602086

SomeGuyCalledMi

mike_cork wrote: »

https://www.farmersjournal.ie/kerry-group-shares-wobble-on-back-of-negative-research-report-602086

The short sellers have come for Irish companies.:eek:

littlevillage

Both Kerry & Kingspan SP's recovering today. Would be interested in holding both, but only at the right price. Not sure we are there yet.

Kingspan recovering because they have an EGM today where they will no doubt spoof their way out of the problems highlighted by the Grenfell inquiry.

Kerry recovering because the contents of that Ontake research report was probably bogus.

https://www.irishtimes.com/business/agribusiness-and-food/kerry-shares-slide-as-short-seller-questions-m-a-record-1.4482394?mode=amp

littlevillage

littlevillage wrote: »

Both Kerry & Kingspan SP's recovering today. Would be interested in holding both, but only at the right price. Not sure we are there yet.

Kingspan recovering because they have an EGM today where they will no doubt spoof their way out of the problems highlighted by the Grenfell inquiry.

Kerry recovering because the contents of that Ontake research report was probably bogus.

https://www.irishtimes.com/business/agribusiness-and-food/kerry-shares-slide-as-short-seller-questions-m-a-record-1.4482394?mode=amp

Kingspan motoring away nicely. I picked up a few on Friday at €53 when it was looking like they had bottomed out and were recovering.

I picked up a few Kerry at €107.50 but its still struggling to shake off the doubts raised in that report..

Robson99

Kingspan still on the move up. Up to 57.40 now

littlevillage

Robson99 wrote: »

Kingspan still on the move up. Up to 57.40 now

Finished at €62.70 today. Don't know if its going back to the €70's just yet, but glad I got in when I did, all the same

Robson99

littlevillage wrote: »

Finished at €62.70 today. Don't know if its going back to the €70's just yet, but glad I got in when I did, all the same

Well done....I Missed it when it was around €53...then kept waiting for a pull back and didn't get in....sometimes it only dear the time you buy...think I will get in on Monday but missed a nice jump
Think it will be very good long term...
I also think Bank of Ireland and Cairn homes could do well....

littlevillage

Irish stock exchange bucking the international trends +2.5% today. AIB, Flutter & Kingspan main reason its up

littlevillage

ISEQ up again 2.5% today

AIB +5%...the recent purchase of Goodbody stockbrokers now looks incredibly well timed, given the travails at Davy ;-)


My own holdings had a pretty good day too.

Cairn Homes, Kingspan, Malin, Kerry, Providence & Yew Groove all green.

Kilough

Robson99 wrote: »

Well done....I Missed it when it was around €53...then kept waiting for a pull back and didn't get in....sometimes it only dear the time you buy...think I will get in on Monday but missed a nice jump
Think it will be very good long term...
I also think Bank of Ireland and Cairn homes could do well....

The same, was strongly considering getting in around mid 50s but didn't pull the trigger. The Grenfell case looks like it might drag on a bit so it put me off.

Apart from Kingspan, what's the best construction related Irish stock? Would have to think it's a solid bet with the chronic shortage of housing. Maybe Cairn homes but don't know much about them or maybe CRH?

bcklschaps

littlevillage wrote: »

AIB +5%...the recent purchase of Goodbody stockbrokers now looks incredibly well timed, given the travails at Davy ;-)

Ha ha.... I wonder if AIB knew about the shenanigans at Davy?? Irish financial scene is pretty (incestuous) "cosy"

littlevillage

Kilough wrote: »

The same, was strongly considering getting in around mid 50s but didn't pull the trigger. The Grenfell case looks like it might drag on a bit so it put me off.

Apart from Kingspan, what's the best construction related Irish stock? Would have to think it's a solid bet with the chronic shortage of housing. Maybe Cairn homes but don't know much about them or maybe CRH?

Cairn & Glenveagh are both fairly solid bets. Kinda pricey at the moment though, historically. I'd wait for a pullback.

CRH don't build houses per se, and Ireland is only a small part of their business. But obviously they supply the raw materials....again the SP is kinda pricey historically speaking.

You could have a look too at the UK house builders. I can't really recommend any one in particular...the Internet is your friend.

Everything here is obviously only my opinion DYOR.

Robson99

littlevillage wrote: »

Cairn & Glenveagh are both fairly solid bets. Kinda pricey at the moment though, historically. I'd wait for a pullback.

CRH don't build houses per se, and Ireland is only a small part of their business. But obviously they supply the raw materials....again the SP is kinda pricey historically speaking.

You could have a look too at the UK house builders. I can't really recommend any one in particular...the Internet is your friend.

Everything here is obviously only my opinion DYOR.

Don't know will there be much of a pull back....I would expect thing to keep going upwards once Construction gets up and running next month.
For me Kingspan Cairn and CRH would be what I would be putting monies into

littlevillage

Gutted that I missed Flutter's massive run up. Biggest Market Cap on the ISEQ now.

This time last year SP was less than €100 and was kind of floundering because of changes in legislation in UK about FOBT's...now its €200 and flying due to a major switch online and legislation changes in USA.

Very difficult to know if they have far more to run??

Gorteen

I'm relatively new to shares in Ireland. My first purchases were October last. I had been hoping to buy last June/July but it took absolutely months to get my Degiro account set up

My investments so far;
October 2020. Bank of Ireland. Bought at 2.00. Close today 4.04
October 2020. Glanbia. Bought at 8.09. Close today 11.56
November 2020. Dalata. Bought at 3.17. Close today 4.40
March 2021. AIB. Bought at 1.93. Close today 2.14

Happy days so far!

patsy_mccabe

Anyone know the best source of financial info on Irish companies, income statement, balance sheet, cash flow etc?

The main financial websites seem to only cover US companies.

littlevillage

Gorteen wrote: »

I'm relatively new to shares in Ireland. My first purchases were October last. I had been hoping to buy last June/July but it took absolutely months to get my Degiro account set up

My investments so far;
October 2020. Bank of Ireland. Bought at 2.00. Close today 4.04
October 2020. Glanbia. Bought at 8.09. Close today 11.56
November 2020. Dalata. Bought at 3.17. Close today 4.40
March 2021. AIB. Bought at 1.93. Close today 2.14

Happy days so far!

Fair play. Yes, if you had got in during the summer you would have even bigger gains, but then again if you got in, a full year ago you would have seen staggering losses in your first few days as an investor (probably sh1t your pants, sold at the bottom and never returned). I hope you see where I'm going with this?

As regards your 4 x ISEQ share picks... Solid if unspectacular!! But having said that, I see no reason that all 4 won't have a pretty good 2021.

Best of luck.

Gorteen

littlevillage wrote: »

Fair play. Yes, if you had got in during the summer you would have even bigger gains, but then again if you got in, a full year ago you would have seen staggering losses in your first few days as an investor (probably sh1t your pants, sold at the bottom and never returned). I hope you see where I'm going with this?

As regards your 4 x ISEQ share picks... Solid if unspectacular!! But having said that, I see no reason that all 4 won't have a pretty good 2021.

Best of luck.

Thanks. Yes, timing is everything. I was initially interested in Ryanair which was between 8 & 9 euro.... Degiro put an end to that idea...LOL

littlevillage

Good results yesterday for two of my ISEQ long term holds

-Yew Grove REIT
-Mincon

Against a backdrop of a Covid disrupted 2020, they both comfortably beat 2019 results....thats pretty impressive stuff!!

I think both have got kinda expensive now to buy... but would have no hesitation to add more if they dipped.

Kilboor

littlevillage wrote: »

Good results yesterday for two of my ISEQ long term holds

-Yew Grove REIT
-Mincon

Against a backdrop of a Covid disrupted 2020, they both comfortably beat 2019 results....thats pretty impressive stuff!!

I think both have got kinda expensive now to buy... but would have no hesitation to add more if they dipped.

Any other good REITs on Iseq?

Been looking to invest in property.

Mad_maxx

IRES is my biggest stock winner in 2021 , up 16% , Hibernia up less than 1%

great dividends too

VonLuck

Do you think REITs will take a significant hit when (if) housing supply meets demand? I was looking at IRES but can currently see big public outcry over new build-to-rent developments and a pressure to build more affordable homes so people can get out of rentals.

Mad_maxx

VonLuck wrote: »

Do you think REITs will take a significant hit when (if) housing supply meets demand? I was looking at IRES but can currently see big public outcry over new build-to-rent developments and a pressure to build more affordable homes so people can get out of rentals.

Im not sure the REIT,s follow any trend at all , they completely failed to track the one the ground market since they were launched in 2014 , they are cheap relative to the on the ground market

the biggest risk facing the REIT,s is a SF led government

littlevillage

I think this is very significant and very good news this morning from IRES. The outsourcing contract was a drain on their returns (and the main reason I was staying away from them)

See attachment from Davy stockbrokers. Obviously Davy act as Stockbrokers for IRES soo DYOR.

bcklschaps

ISEQ holding up remarkably well over past few weeks despite fairly serious turmoil in US.

Chuckie_Egg

bcklschaps wrote: »

ISEQ holding up remarkably well over past few weeks despite fairly serious turmoil in US.

Iseq is skewed towards Banking, Insurance, Property all of which are interrelated and are on the up now coming out of Covid, along with Asset price inflation, and another Irish property Boom they are now cheap in comparison to all other sectors

Green Penguin

Anyone invested in VR Education,? small Waterford based outfit but announced some pretty impressive contract wins recently.

littlevillage

Chuckie_Egg wrote: »

Iseq is skewed towards Banking, Insurance, Property all of which are interrelated and are on the up now coming out of Covid, along with Asset price inflation, and another Irish property Boom they are now cheap in comparison to all other sectors

Correct. This has kept the ISEQ fairly insulated from mad swings in the US.

Update on my own portfolio in the last couple of weeks I bought into

CRH at €39

Hoping Biden infrastructure spending will boost CRH.

IRES at €1.63

Hoping the termination of the outsourcing contract with CAPREIT will boost IRES profits considerably.

Kilough

Holding CRH myself - took a nice bounce this morning after share buyback was announced. Onwards from here hopefully!

Cute Hoor

Kilough wrote: »

Holding CRH myself - took a nice bounce this morning after share buyback was announced. Onwards from here hopefully!

CRH announced a share buyback in March, was there another announcement this morning, nice increase whatever the reason

bcklschaps

bcklschaps wrote: »

ISEQ holding up remarkably well over past few weeks despite fairly serious turmoil in US.

I'll reply to my own post of a Month ago. This has turned out to be soo prophetic. US Stock market (up until Friday) is really in the toilet. I have had to jump out of once promising positions because I don't let losses mount. (my cut off is usually if a share position goes -20%).

Meanwhile my ISEQ portfolio is chugging along nicely.

agoodpunt

Yeah US tech is having a torrid spell atm sold out most, banks are making some ground have added BOA start of the year.
On the irish market picked up BOI on its dip this week should see more growth in the future imo

bcklschaps

Can't find the post (thanks to Boards re-design). But whoever nudged me towards Glenveagh Homes a couple of months back. Thank you. Its been a nice winner ...bought in the €0.80's now at €1.08 and flying and even looks like it will benefit from Government housing policy to boot 🥾

They will be starting regular dividend soon and talk of a large one off dividend/cash redistribution on the grapevine also. Happy days 😁

littlevillage

https://www.boards.ie/discussion/comment/116183535#Comment_116183535

Soo this cash redistribution looks like its going ahead (vote next month). Maybe I'm missing something, but this seems a no brainer, MALIN will simply buy back your shares for €8.30 sometime next year... I bought some more this morning on the ISEQ for €6.70

https://www.irishtimes.com/business/health-pharma/malin-to-return-up-to-80m-to-shareholders-in-buyback-scheme-1.4736259?mode=sample&auth-failed=1&pw-origin=https%3A%2F%2Fwww.irishtimes.com%2Fbusiness%2Fhealth-pharma%2Fmalin-to-return-up-to-80m-to-shareholders-in-buyback-scheme-1.4736259

Green Penguin

Gone very quiet on this thread..

Anybody in on any of the value plays here of the banks/dalata etc?

littlevillage

https://www.boards.ie/discussion/comment/118209369#Comment_118209369

Apologies, meant to update on this. Soo it didn't turn out to be the windfall that I thought. Malin only bought back 22% of individuals holdings. Soo made a nice profit on that bit of my holding, but now I am stuck with the remainder which is trading around €6 per share. Undecided on the next step here. In theory each Malin share is now worth 22% more (cause there are less of them) but I think I'll just wait and see for now