Donegal Creameries (DCP:ID)

lucky john · 15-11-2013 02:47PM

Comordha wrote: »

It's not a Kerry or Glanbia yet, give it some time. Big things have small beginnings.

Donegal are there over 100years, a plc over 20years and ian ireland there 8 years. Can you tell me what the catalyst is now that will turn them into a glanbia?

wired117 · 15-11-2013 10:03PM

Low debt, land bank, profitable Business. The name change could be significant, and may see a transformational transaction. Time will tell if this is a gamble or an investment. They have gotten through the recession and come out the other side.

wired117 · 15-11-2013 10:45PM

Low debt, land bank, profitable Business. The name change could be significant, and may see a transformational transaction. Time will tell if this is a gamble or an investment. They have gotten through the recession and come out the other side.

Gman1987 · 29-11-2013 08:37PM

Good rise in volume and share price today, some big buys, the majority of the orders was filled at 6.50 euro but closed the day with a trade of 780 shares at 6.30 euro. It will be interesting to see where this will head over the next few months.

Comordha · 02-12-2013 11:25AM

They should release some form of info to the market. The 2-3 releases they make per year are not enough. Investors are obviously enjoying the upward move right now but is there something behind it?

wired117 · 03-12-2013 12:07AM

I have emailed them asking for an update on whether they are planning to update their website and external communication,the lack of them!

Comordha · 03-12-2013 05:14PM

Looks like Blackrock have been buying - let the games begin

wired117 · 03-12-2013 06:10PM

Well that is very interesting definitely a positive !! Where did you see that info ?send link or additional update thanks

wired117 · 03-12-2013 07:02PM

http://www.ise.ie/app/announcementDetails.aspx?ID=11792465

Ian Ireland exercising options

Comordha · 20-12-2013 11:00AM

See Irish Farmers Association has reported one of the best potato harvests in a long time & the revenues of their produce division (30-40% of group revenues) were "severely impacted by the exceptionally poor weather experienced in 2012", the read through looks good to me. More seed available to be exported to Emerging Markets & other such regions?

Sonnenblumen · 20-12-2013 11:11AM

wired117 wrote: »

I have emailed them asking for an update on whether they are planning to update their website and external communication,the lack of them!

What kind of reply did you get?

wired117 · 20-12-2013 02:06PM

They escalated to ian Ireland and following up with IT. Nonsense really that website not reflective of company name and no real updates available. Awaiting timeline will keep you posted.

Sonnenblumen · 20-12-2013 04:23PM

wired117 wrote: »

They escalated to ian Ireland and following up with IT. Nonsense really that website not reflective of company name and no real updates available. Awaiting timeline will keep you posted.

That would certainly not impress me or remotely encourage me to invest. Methinks Buyer beware?

wired117 · 20-12-2013 04:31PM

Think they are very investable but they don't make it easy.

Comordha · 20-12-2013 05:10PM

They don't make it easy but there are buyers out there & if you like Mushrooms, Potato Seeds and Yoghurts go for it.

Sonnenblumen · 20-12-2013 05:22PM

Comordha wrote: »

They don't make it easy but there are buyers out there & if you like Mushrooms, Potato Seeds and Yoghurts go for it.

Look what's happening with basic veg at the moment, farmers are up in arms as the supermarkets compete on 50cent/bag of veg. Own brand Yoghurt fights are also similarly vulnerable. Am I missing something?

Comordha · 21-12-2013 01:54PM

Their primary business is potato seed which exported around the world, can't see how recent Irish supermarket price competition would affect such business. On the Yoghurt side it could be the case. Go through the 2012 Annual Report & you will find some interesting details on the overall Donegal Investment Group's activities, they include property & shares in One51 for example.

Comordha · 28-01-2014 10:15AM

http://www.independent.ie/irish-news/mushroom-firm-merger-creates-shareholder-conflict-29954106.html

Read through for Donegal shareholders?

wired117 · 28-01-2014 01:35PM

Very interesting hopefully some movement on this. Again nothing on their website. I have contacted them numerous times. No explanation

lucky john · 28-01-2014 04:13PM

Comordha wrote: »

http://www.independent.ie/irish-news/mushroom-firm-merger-creates-shareholder-conflict-29954106.html

Read through for Donegal shareholders?

Interesting reading. I believed MMM wanted back full control of the company but I assumed they didn't have the cash to buy out Donegal. Maybe Mr Wilson has just decided to ignore them instead. I hope donegal dotted all the I's and crossed all the t's in 04 and 07 because they are dealing with a wile old fox in Ronnie. The roll of his 2 sons will be interesting as well. They are becoming the face of MM and have an interest in a couple of the major farms. Perhaps even independently of the main group.

One things surprised me in that article. The agreement to sell the joint venture company in 2010. If it was part of the deal in 04 why did donegal not push it through at the time. That had to be a major goal in the deal for Donegal. When the date for disposal came 3 years ago was there a new agreement on disposal? Is that the real reason for this court case. Donegal want out but MM won't play ball. This is one ulster championships game while my money will be on Monaghan.

Comordha · 28-01-2014 06:15PM

Sounds like you are somewhat in the know, their stake in MM is a massive part of the overall valuation for a lot of investors so hopefully all is resolved amicably.

Share price seems to be consolidating again, this time around the €6.15 mark. Might stage another breakout soon as per the last few consolidation periods.

It also held up remarkably well during the recent volatility in the market so might be a capital protection play for some.

Comordha · 11-02-2014 02:04PM

Donegal just welcomed their first Institutional investor onto their register. Explains some of the heavy buying recently. These Argos guys have a good track record too, check out their European Small Cap fund.

Donegal Investment Group plc ("Donegal Investment Group" or the "Company")
10 February 2014

Donegal Investment Group announces that it has been informed by Argos Investment Managers S.A that its Argos Funds ("Argos") have an interest in 506,838 shares in the Company, representing 5.02 per cent of the issued share capital of the Company. On January 31 2014 Argos acquired 144,331 shares in the Company which had the effect of increasing its interest in the issued share capital of the Company above 5 per cent and as such Argos had a notifiable interest under sections 67-88 of the Companies Act 1990.

Gman1987 · 11-02-2014 09:06PM

This looks like good news for us. Will we see 7 euro shortly? Preliminary Results should be out in April

Comordha · 12-02-2014 10:31AM

If the numbers are good then we could be going closer to €8 before long. Aside from day-to-day business, I wonder have they sold much of their investment property portfolio. Their One51 shareholding should be written up by about €500-750k (based on current price of 80cent) which should boost the headline numbers too.

wired117 · 15-02-2014 08:21PM

Goodbody's have them at 8. 55 target price.

wired117 · 15-02-2014 08:25PM

Goodbody's have them at 8. 55 target price.

Comordha · 26-02-2014 10:10AM

Argos now up to 6.6%. Anyone what date full year will be released? Numbers will need to be good to justify the run this share has gone on.

Donegal Investment Group plc ("Donegal Investment Group" or the "Company")
25 February 2014

Donegal Investment Group announces that it has been informed by Argos Investment Managers S.A that its Argos Funds ("Argos") have an interest in 672,434 shares in the Company, representing 6.66 per cent of the issued share capital of the Company.

wired117 · 11-03-2014 10:57AM

Donegal announcement.. They have completed a number of disposals from its various land and property holdings for a total consideration of €3.68m. The gross and net proceeds from these sales are expected to be the same.

These recent sales include its 6.5 acres of development land in Ederney in County Fermanagh. They also include the latest sale of 245 acres from the Company's Grianan Estate. The Grianan Estate is one of the largest farms in Ireland with a total area of approximately 2,830 acres comprising approximately 2,330 acres of agricultural land and a lake covering approximately 500 acres. Following the recent sale the Company shall continue to own approximately 1,880 acres at The Grianan Estate. This land shall continue to be leased for dairy, wheat, barley and produce farming.

The proceeds from these sales shall be used for general corporate purposes. These sales are consistent with the Company's strategy of releasing capital from its non-strategic businesses and assets with the objective of focusing financial and management resources on the strategic areas of seed potato and value added dairy and associate investments

Comordha · 11-03-2014 12:39PM

Yep & still plenty more land to sell if they wish to. I imagine they will keep hacking away at their debt which seems very sustainable anyway. €3.7m is a lot of cash for a company with a market cap of ~€70m to realize. Investment case still looks very positive here I must say. Am looking forward to seeing how the core businesses (certified potato seed, specialised dairy, mushrooms) are doing in the annual report next month.

wired117 · 11-03-2014 01:12PM

I agree. With the chipping away of debt, they may also increase share buy backs, which would give a nice spike to the share price.

Donegal Creameries (DCP:ID)

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