Intermediate Capital Share Discussion Threads

[lbo] 08/4/2010 08:18

"First, capital spending generally fell heavily across most developed economies and by 11% in the single currency area, but in Ireland the fall was some 30%, including a 34% fall in building and construction."

He said this sector was of more significance in the Irish economy than the norm elsewhere, but by the fourth quarter of 2009 had fallen to under 12% of GDP, or half its share of GDP at the peak of the construction boom. House-building alone now accounts for only 2.5% of real GDP, again dramatically lower than the 12% share in 2005.

"Consumer spending also fell across the EU area, by 1.1% on average, reflecting falling employment and slower wage growth. In Ireland employment fell precipitously, by over 8%, and wages also fell on average, which partly explains why the fall in Irish real consumer spending at 7.2% is unusually large."

Ireland, however, outperformed its European neighbours in the external sector, with Irish exports falling by 2.3% in volume terms in 2009, while exports in the euro area fell by over 13%.

[lbo] 23/3/2010 21:45

ICG profits fall as world trade suffers

[lbo] 25/2/2010 10:30

CSO figures reveal decline in import and export trade

[lbo] 18/2/2010 21:49

The only Irish property that remains on the books is the Dublin Airport land, which the brothers have written down by about 40pc.




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] 23/11/2009 15:12

Shipping traffic falls for seventh Q

[lbo] 17/11/2009 08:28

One big pump and dump!

Goodbody to sell Carroll's ICG shares at €12

[lbo] 10/11/2009 14:17

Sterling weakness remains an issue for ICG

[lbo] 10/11/2009 10:48

ICG revenues slide further

[lbo] 10/11/2009 10:46

Irish Continental profits hit by freight



A sharp fall in roll-on roll-off and container freight added to the weakness of the British pound sent revenues and profits sharply lower at Irish Continental Group (ICG) in the nine months to the end of September, its latest statement shows.

[lbo] 02/11/2009 13:56

Taxpayer may have to foot the bill for ICG misadventure

[lbo] 30/10/2009 21:37

Moonduster writes down investment in Irish Continental Group by €30m

[lbo] 29/8/2009 20:04

ICG calls for 10% cut in Dublin Port fee as profits fall

[lbo] 31/7/2009 14:11

Carroll firms' examiner bid fails


Six companies controlled by one of the country's largest property developers, Liam Carroll, have lost their bid to have an examiner appointed to them by the High Court.

At the Commercial Court this afternoon, Mr Justice Peter Kelly said he was refusing the application on the basis he was not convinced that the companies had proven that they met the legal test of having a reasonable prospect of survival.

[lbo] 17/7/2009 18:26

Six companies controlled by one of the country's biggest property developers, Liam Carroll, have told the High Court of their intention to apply to go into examinership.

[lbo] 01/7/2009 10:53

Dublin port tonnage fell 5.65pc in 08

[lbo] 25/6/2009 12:34

INBS pursuit of mega developer prompts a pre-NAMA drama
Carroll is first big developer to be pursued for personal guarantees

[lbo] 25/6/2009 12:05

ICG's AGM trading statemnet highlights the challenges facing ferry companies in Ireland. Revenue declines of 25% seen during the first four months of 2009 have continued into early summer, with RoRo volumes down 23% and container volumes back 27-29%. Passenger(-9.7%) and car (-5%) declines are more muted.