Smurfit Kappa Share Discussion Threads

[lbo] 11/3/2010 11:16

Smurfit to end Champion backing

[luchan] 10/3/2010 15:54

Really..

luchan.

[lbo] 10/3/2010 09:10

German exports slump in January

[lbo] 05/3/2010 15:51

BoI warning as economic recovery in Germany hits 'bumpy patch'

[lbo] 04/3/2010 12:32

Europe's economic recovery stalls

[lbo] 03/3/2010 12:32

THE number of publicly quoted companies fully complying with the combined code on corporate governance has fallen nearly 20% in the last 12 months to 36%.

[lbo] 01/3/2010 22:29

Double dipping

[smicker] 24/2/2010 18:18

How much do Smurfit sell in the US?

[keelingr] 24/2/2010 09:48

Yes - it's looking like the recovery train is in for some serious turbulence alright. I'm pretty much out of most stocks at this stage waiting for a nice big pullback....far too much fear and risk out there to justify current valuations - particularly in commodities....wrt SKG - if any of the recent price increases begins to falter then I'm sure we'll see a big pullback...

[lbo] 24/2/2010 09:16

Shock slump in US consumer mood




German economy stalls in fourth quarter






World trade sees biggest drop in 60 years

[lbo] 23/2/2010 23:27

Education Media & Publishing Group (EMPG), the group led by Irish businessman Barry O'Callaghan, confirmed that it reached a "historic" restructuring, which includes a $650m (€476m) cash injection.

The move will see 60pc of the group's $6bn-plus (€4.4bn) debt converted into equity. Its annual interest bill of $450m (€330m) will be reduced by more than 75pc.

[lbo] 22/2/2010 15:27

3 years in Corporate debt terms is short term debt. And December 2013 is less then three full years. DYOR

[keelingr] 22/2/2010 13:21

The debt has been restructured so that there are no material repayments scheduled until December 2013 - three full years - so it's not really fair to say that the debt has ony been restructured on a short term basis......i just don't see it happening. They don't need to at present.

[lbo] 22/2/2010 12:33

What would you do? Get the share price up then try and get a discounted share issue away to reduce the debt that has really only been restructed on a short term basis. I wonder were the bondholders even given an indication that this would happen thus they were happy to refinance a while back. And all the while the real threat of a poor consumer recovery could easily put Smurfit Kappa back under pressure as they run out of costs to cut. A rights issue now is highly likely going on the evidence IMHO

[keelingr] 22/2/2010 11:36

Do you think there is any substance to the rumours you mentioned re Rights Issue? I think it is unlikely...

[lbo] 22/2/2010 09:59

Wonder would he take part in a rights issue or face being diluted further?

[keelingr] 22/2/2010 09:41

He's developed acute sea-sickness. Nothing to worry about!

[lbo] 21/2/2010 21:24

I hear that there is a story in Irish press that Smurfit took a €3m loss on his Yacht and had to sell before it was even delivered

[lbo] 20/2/2010 14:44

From the pumty dumties who told clients to invest in property at the peak! LOL



IRELAND "LARGELY wasted" its years of high income during the boom, with private enterprise investing its wealth "in the wrong places", according to a new report by Davy Research.

[lbo] 18/2/2010 21:49

Some interesting reading from the BDI – Baltic Dry Index – that tells us the cost of hiring a bulk commodity shipping cargo. The BDI is a good indicator of concurrent trade and industrial activities globally – rising BDI means tighter supply of shipping capacity and thus increased shipping volumes – spot. Back in 2008 is was at a record high of 11,793.

Now, January 2009 saw BDI falling to 772 low, it then recovered with some tremendous volatility through the year before setting annual 2009 average of 2658. As of today it is at 2598 – below the 2009 average and at only 22% of the 2008 peak.

Not much of a sign of a global recovery here.

[lbo] 18/2/2010 21:28

Smurfit Kappa-Mondi deal attracts OFT attention

[lbo] 17/2/2010 09:26

Goldmans at their pumpty dumpty tactics again! All the vultures have pumped SKG recently! You have to wonder why and whats coming?



Goldman Sachs, the giant investment bank, is today at the centre of the row over the Greek government's finances, amid recriminations over complex financial deals that allowed the eurozone nation to skirt its debt limits.

[keelingr] 16/2/2010 15:15

Well, there certainly seems to be something dragging it down at the moment...wider market is rising.

[lbo] 16/2/2010 15:10

No link! Its the talk around although I do hear it was mentioned in an Irish paper over the weekend.



Debt is deeply out of fashion at the moment and debt, as we all know, is the big point of private equity. Typically, debt funded 80pc of the transactions carried out during the boom. There is no appetite now for that sort of risk among lenders to stimulate this revival. Listed companies themselves are paying back debt