Kingspan Share Discussion Threads

[lbo] 19/11/2008 13:46

While ordinary sharholders watch their money go down the drain with the share price!

If Dermot has no faith in the share price rising any time soon then why should the mugs on street?

[goggin] 19/11/2008 12:54

Luck B to have them to sell, probally aquired at sub 1 euro so he still makes a healthy profit, not just healthy, seriously healthy - that how these guys make their millions and will continue to do so.

[lbo] 18/11/2008 21:32

Kingspan revealed that finance director Dermot Mulvihill sold 200,000 shares in the building group at €3.25 on Monday. The stock closed down by 15 cent, or 4.5 per cent, at €3.13

[father o toole] 18/11/2008 13:22

arternoon

not exactly a vote of confidence when a director sells 200k shares at such a *low price*

I wonder whatever happened to that sharebuy back when they were spending millions buying shares at 6/7 euros

I said it was a waste of money, and so it has been proven.

[lbo] 18/11/2008 11:15

Kingspan warns operating profit will drop one-third this year



Davy analyst Flor O'Donoghue said Kingspan's forecast of a full-year drop of 33 per cent in operating profit implied a likely decline of 45 per cent in the second half of the year as operating profit dropped 21 per cent in the first half. "Given a circa 45 per cent fall in [second half] 2008 earnings, a fall of a similar magnitude or even more looks very possible in 2009. Hence, we may be looking at an earnings per share forecast for next year of 35 cent or under ."

[goggin] 17/11/2008 20:20

DJ - Having bought at £16 on 16th of Aug 07, when do you think you will get your money back??????????? + a profit

[djderry] 17/11/2008 20:04

Sales down by 9%,but by only 3% on a constant currency basis.The co. predicts a fall in overall profits of circa 33%.Kingspan is well positioned geographically and financially to weather the downturn and,in due course,to take advantage when the international markets recover.

[goggin] 17/11/2008 10:06

Nice easy slow fall into the €1.50 - 2 euro range - then get ready for a short 4 month bounce back to 5 - 8 euro which would be a massive gain of possibly 200% plus - may never happen but I feel it is worth a punt in my opinion only at about 2 euro.

Financial Position and Other Developments
On the 22 August the Group acquired Metecno Inc., the second largest insulated panel
producer in the US, for a total consideration of
$111 million.
Under the share buyback programme, circa 2.1 million shares were purchased since the 30
June for a consideration of approximately
EUR12.5 million. This gives a total share buyback since the start of the programme of
5,237,017 shares or 3.06% of the ordinary shares in
issue.
On 30 September the Group completed a five year syndicated revolving credit facility for
EUR330 million with its bankers. At 31 October
the Group had total facilities of EUR580 million. Net debt at 31 October was approximately
EUR330 million. The increase in debt reflects the
continued capital expenditure in new capacity mainly in Continental Europe and North America,
albeit at a slower pace than anticipated.

Take note - this is commercial debt and no figures for interest rates are given but at a rate of 7% - the interest alone on this equates to 23 million p/a - yes - to stand still - just to pay back the interest its 23.1 million p/a - that is massive ----- in a shrinking market.

After the bounce - which should come between now and April 09,Then a fall to realistic levels by christmas 09, I see these at sub 50 cents unless something dramatic happens in the construction industry - why - debt will cripple them.

[lbo] 03/11/2008 09:27

Broker cuts Kingspan forecast by 54pc



A leading Dublin broker has knocked 54pc off its earnings per share forecast for Kingspan - the building and insulation products specialist.

Merrion Stockbrokers said the Cavan-based firm will suffer from the worsening conditions in the Irish and UK construction sector.

In a research note on Kingspan, Merrion said it was reducing its earnings per share forecast for the Cavan company for next year from 68c to 31c - reflecting the impact of the latest deterioration in the credit markets and in business confidence, with regard to non-residential construction activity. Merrion also factored into its move the weakening market conditions evident in central and eastern Europe and "the likelihood that a 10pc share buy-back programme will not be completed".

[djderry] 27/10/2008 20:23

Your pejorative comments I find mildly amusing,a little like being attacked by a dead sheep.You,and your ilk,are found in the dictionary under the heading 'Bearicus Obnoxious'.The species are identified by 1)their favourite colour:black,2)favourite disposition:black,3)favourite facial expression:a frown.4)favourite expression:'the glass is always half empty.'5)favourite emotion:schadenfreude.The species tend to develope from failed investors who realise,had their porfolios been short all along,they might have made some money.They constantly watch the share price,saying 'it's going up,I made the right choice',or,'it's going down,I made the wrong choice'.They continually chase the next 'big thing'.If it's Tuesday I must be in oil,if it's Wednesday I must short oil.Never realising that the share price is about the least helpful piece of information regarding the true worth of a company.Having closed minds,they rarely,if ever,comprehend the depths of their ignorance.Ah,well,to each his own.On the basis that misery loves company ,I shall desist from posting on the main thread and wish you good luck in your endevours.

[goggin] 24/10/2008 12:57

DJ you invested at 18, again at 12, again at 8 again and again - even a fool gets it right sometimes and I have no doubt that you will do to.
Good Luck but dont bother to average down until we get down to about 2 euro and even that may be away to optimistic.

[djderry] 24/10/2008 10:29

O wise one,the oracle,the font of all knowledge,I shall now 'get a grip'???? and...continue to invest in KGP!

[djderry] 20/10/2008 22:25

Nobody has lost a penny.They haven't sold any shares.Brendan M. has shedloads of shares which will recover in due course.It's what's known as investing.

[lbo] 20/10/2008 21:16

The Murtagh family behind Kingspan Technologies, the Cavan-based insulation company, have fared almost as badly. Eugene Murtagh, the company chairman, has lost €422m, while his brother Brendan has dropped €61m. Luckily for Brendan Murtagh he had cashed in about €150m of Kingspan shares before the market crashed

[lbo] 14/10/2008 21:23

Ireland Raises Income Tax, Cuts Spending as Budget Gap Swells

[goggin] 13/10/2008 10:03

And who supplies the credit - an under pressure bank or worse - A Bust bank - this is not - not - the time to be buying shares in building companies. kGP has held up well in the market rout but this has much much further to run so I am sticking with 2 euro target by end of 09

[djderry] 01/10/2008 20:37

330 million credit facility in place for organic and buy-out opportunities.

[djderry] 05/9/2008 20:17

Invesco building on its stake.

[father o toole] 05/9/2008 15:34

why is this buildings supply company valued so high in the midst of the worst housing slump in living memory?

they even refuse to buy their own shares at this level

[father o toole] 04/9/2008 19:50

building suppliers getting hit very hard stateside.