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Irish (ISEQ) share chat

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13

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  • Registered Users Posts: 1,062 ✭✭✭bcklschaps


    Hope you took that punt on FBD? major re-rating and SP jumped about 20% yesterday



  • Registered Users Posts: 674 ✭✭✭Lad GAGA


    Davy's have a price target of just over €13 for FBD. They haven't been allowed pay any dividends for the last couple of years but they had planned to pay a special dividend of c€1 per share when their plans had to be scrapped a coupe of years ago. That should restart this year. They announced on Friday that their expected profit for last year will most likely exceed €100m, way ahead of market forecasts. They mentioned that, in addition to light claims, built into this was very strong investment returns. Their current NAV is 11.37 and that's before last years results are released in March. So all in all even at the current 10.30 they may well be a good investment but DYOR.



  • Registered Users Posts: 1,005 ✭✭✭Gorteen


    I did take a punt! I'm up 23% today!!! If only it was always this easy :)



  • Registered Users Posts: 1,062 ✭✭✭bcklschaps




  • Registered Users Posts: 288 ✭✭carrickbawn


    Can someone tell me if FBD paid the dividend this month. I know there was pressure to cancel it.



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  • Registered Users Posts: 674 ✭✭✭Lad GAGA


    Yes the €1 dividend was paid in May. I'm not aware of any pressure around paying it, in fact they indicated that they want to maintain this level of dividend going forward if the company's finances can accommodate it.



  • Registered Users Posts: 2,914 ✭✭✭cute geoge


    Shares are taking a hammering and the outlook is poor .I am in lucky position to have sat on my hands .Does any company in the iseq show any value at present .Kingspan stands out to me as it has taking a bit of a tumble down to 54 euro have not heard any press of reason of downturn besides the obvious ,I will be thinking long and hard before pulling the trigger anyway .



  • Registered Users Posts: 19 Green Penguin


    Kingspan, Kerry and Flutterall look decent at current price for me, looking at them on a longer term basis.



  • Registered Users Posts: 1,062 ✭✭✭bcklschaps


    Don't be a fool. Kingspan is an oddball company.....



  • Registered Users Posts: 365 ✭✭Diairist


    That sentiment is in the article in The Phoenix magazine this week. When they swing up, it's spectacular but...



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  • Registered Users Posts: 1,062 ✭✭✭bcklschaps


    Exactly. I based my opinion on that recent Phoenix article and a few others that I have come accross over the years.


    The gist of which is that they were in the right sector at the right time.... But even soo, through a mixture of incompetence/arrogance they nearly screwed up.



  • Registered Users Posts: 2,914 ✭✭✭cute geoge


    .I am only an amateur ,how have they screwed up .

    They are in the right sector at the moment and probably moreso into the future .They seem a good price at moment and for an ordinary Joe seem value.

    I bought bol dear ,but doubled up big time when the price tanked ,just my gut feeling .I have a similar hunch with Kingspan



  • Registered Users Posts: 1,062 ✭✭✭bcklschaps


    Maybe start by reading that article in the Phoenix. Then maybe have a read of this


    https://www.theguardian.com/uk-news/2021/apr/14/investors-sell-off-shares-in-grenfell-tower-cladding-firm-kingspan



  • Registered Users Posts: 35 TheFinanceGod


    What broker can I buy PVR on?



  • Registered Users Posts: 13,505 ✭✭✭✭Mad_maxx


    Kingspan has been very expensive for years but could justify it with huge growth quarter after quarter



  • Registered Users Posts: 2,877 ✭✭✭littlevillage


    Fair play to anyone who took the plunge on Kingspan a couple of weeks back.... you should be looking at 15% profit already. (I didn't chance it myself)


    I did however take a punt on Ryanair which has also been doing nicely.

    Very positive note in the Phoenix this week too. (The gist of which is if they dump O'Leary and get Willie Walsh or someone of his ilk the company could double in value very quickly).





  • Registered Users Posts: 2,914 ✭✭✭cute geoge


    I did not pull the trigger the last time kingspan went to 50 but they are back there again ,the war will probably drive markets lower again .Is it time to sit on our hands a bit longer ,Bank of ire. are flying doubled on them ,I actually bought them 3 times 2 of which times were a rob and the 3rd time doubled up bigtime at a pittence price .Thinking should I just buy % of kingspan and see how they preform .

    Anything else of value ?

    i have a 1000 ryanair which are down 5% from purchase price years ago ,probably enough of them




  • Registered Users Posts: 2,877 ✭✭✭littlevillage


    Yeah, Ryanair, Kingspan, Kenmare Resources all looking very appetising at current prices. But you just don't know where things are going to go.

    I can see why the weak English pound would drag down Ryanair & Kingspan... but its a mystery why Kenmare is down 7% today. (Might be to do with going Ex Dividend recently)

    Anyway, I picked up a couple Kingspan and a few Kenmare today to add to my existing holdings and bring my BEP down.



  • Registered Users Posts: 2,914 ✭✭✭cute geoge


    Just giving an update on my stocks ,

    My shares are up 50 % bought over 3 years

    bank of I up 100%

    fbd up 10%

    ryanair up 10%

    Kingspan up 10 %

    I am thinking of just holding them any other opinions ,I will try not lose my shirt and so far I have bought pretty well and timed market ,I will definitly off load bank of i. when it hits 10 euro .

    Fbd & kingspan seems to be going ok

    Ryanair usual ?

    is there any others in Iseq to keep watch on



  • Registered Users Posts: 674 ✭✭✭Lad GAGA


    FBD up to €13 today, with bumper profits of c€70m for last year to be announced in March, way ahead of all forecasts. Looks like another dividend of €1 could be on the cards, Davy has an upgraded price target of €15 per share.



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  • Registered Users Posts: 19 Green Penguin


    Some nice movements over last few weeks, iseq up 16% ytd now..




  • Registered Users Posts: 2,877 ✭✭✭littlevillage


    Yeah, ISEQ absolutely flying in 2023. Banks, and the large caps (CRH, Ryanair, Flutter) driving it. But I suppose if you take a longer term view, it's only recovering ground that it's lost in the last 2 years.



  • Registered Users Posts: 19 Green Penguin


    Interesting article by Brian Carey in the Sun Times on Flutter and their likely US listing.



  • Registered Users Posts: 1,933 ✭✭✭tesla_newbie


    I see the board of directors at IRES reit have gotten it in the neck from activist investor vision capital, they want it sold to a private company, I’m a shareholder and voted against the reelection of all of the directors ( proxy vote), the performance of IRES has been pitiful

    Post edited by tesla_newbie on


  • Registered Users Posts: 2,914 ✭✭✭cute geoge


    Couple of years back all the jargon was to invest in these reit instead of property ,you could get ther same return as property without any of the hassle .Would not mind but when these reit starting purchasing property it was on the floor after the crash .



  • Registered Users Posts: 1,933 ✭✭✭tesla_newbie


    REIT,s are pitched as a hassle free proxy for the housing market, whatever about how they fare in America ( where they’ve been a feature for fifty years) , they have been largely a failure in most of Europe,the likes of IRES has a good yield but a bond is a much better investment if steady income is someone’s priority , no one is going to invest in IRES paying 4% when many governments are paying over 3%


    I invested in the commercial reit Hibernia a few years ago when it was cheap, it got bought out so I realised a gain of 40% plus , I’m hoping that the same happens with IRES



  • Registered Users Posts: 365 ✭✭Diairist


    I got a couple of REIT's in 2014. When I copped that all of London's financial giants weren't fleeing to Dublin after Brexit I got out. As above, it was only when I sold that I realised how many free shares had been pumped into my holding. Good outcome.



  • Registered Users Posts: 2,877 ✭✭✭littlevillage




  • Registered Users Posts: 18,225 ✭✭✭✭Bass Reeves


    Ryan could be letting the State open to a 1 billion plus liability

    Slava Ukrainii



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  • Registered Users Posts: 2,877 ✭✭✭littlevillage




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