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Irish (ISEQ) share chat

  • 18-01-2021 10:39pm
    #1
    Registered Users Posts: 1,649 ✭✭✭ 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.


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Comments

  • Registered Users Posts: 14 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.


  • Registered Users Posts: 1,649 ✭✭✭ 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.


  • Closed Accounts Posts: 204 ✭✭ Chuckie_Egg


    Aryzta pulling out now too.

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


  • Registered Users Posts: 1,649 ✭✭✭ littlevillage


    ISEQ taking a thumping today - 2.5%

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


  • Registered Users Posts: 513 ✭✭✭ farmerval


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


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  • Registered Users Posts: 850 ✭✭✭ 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.


  • Registered Users Posts: 14 Green Penguin


    What about the homebuilders : Cairn/Glenveagh?


  • Registered Users Posts: 1,649 ✭✭✭ littlevillage


    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.


  • Registered Users Posts: 1,649 ✭✭✭ 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.


  • Registered Users Posts: 14,544 ✭✭✭✭ 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.

    Have a weather station?, why not join the Ireland Weather Network - http://irelandweather.eu/



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  • Registered Users Posts: 1,649 ✭✭✭ 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


  • Registered Users Posts: 11 ✭✭✭ boom92


    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.


  • Registered Users Posts: 14 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.


  • Registered Users Posts: 214 ✭✭ SomeGuyCalledMi


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


  • Registered Users Posts: 320 ✭✭ mike_cork




  • Registered Users Posts: 214 ✭✭ SomeGuyCalledMi




  • Registered Users Posts: 1,649 ✭✭✭ 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


  • Registered Users Posts: 1,649 ✭✭✭ 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

    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..


  • Registered Users Posts: 3,661 ✭✭✭ Robson99


    Kingspan still on the move up. Up to 57.40 now


  • Registered Users Posts: 1,649 ✭✭✭ 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


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  • Registered Users Posts: 3,661 ✭✭✭ Robson99


    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....


  • Registered Users Posts: 1,649 ✭✭✭ littlevillage


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


  • Registered Users Posts: 1,649 ✭✭✭ 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.


  • Registered Users Posts: 98 ✭✭ 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?


  • Registered Users Posts: 850 ✭✭✭ bcklschaps



    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"


  • Registered Users Posts: 1,649 ✭✭✭ 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.


  • Registered Users Posts: 3,661 ✭✭✭ Robson99


    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


  • Registered Users Posts: 1,649 ✭✭✭ 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??


  • Registered Users Posts: 861 ✭✭✭ 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!


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  • Registered Users Posts: 9,567 ✭✭✭ 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.

    " And on the riverbank forgotten the river's name."



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