|Irish Continental Group
||UTS (COMP 1 ORD EUR0.065 & UP TO 10 RED)
||EPS - Basic
||Market Cap (m)
|Travel & Leisure
Irish Continental Share Discussion Threads
Showing 26 to 48 of 50 messages
|Second & last paragraph
Irish Continental Says Ferry Volume Growth And Weak Euro Boost Profit
Thu, 27th Aug 2015 09:44
LONDON (Alliance News) - Irish ferry operator Irish Continental Group PLC on Thursday said its volumes carried were mostly higher in the first half as the weak euro lifted revenue and profit.
Irish Continental said its pretax profit for the six months to the end of June was EUR14.9 million, a massive rise on the EUR2.7 million it posted a year earlier, as its costs remained flat but its revenue rose. Revenue rose to EUR143.1 million from EUR130.7 million, but costs were broadly flat thanks to lower fuel costs and the weakness of the euro against sterling.
The company said its passenger volumes in the first half were up 2.6%, while car volumes rose 7.1% and its roll-on roll-off freight volumes rose by 12%. Ports lifts volumes increased by 12% too, with the only decline coming with a 0.4% fall in container freight.
The company said it will pay an interim dividend of 3.638 euro cents, up from 3.465 cents a year earlier.
"I am pleased to report a strong performance in the first six months of the financial year. This trading momentum has continued over the key summer period and the group is well placed to benefit should these market trends continue for the remainder of the year," said John McGuckian, Irish Continental's chairman.
Irish Continental added trading in the peak summer season, which drives the second-half weighting of its results, has been strong, with passengers and cars carried both higher and its container and terminal divisions performing well.
Shares in the company were up 3.1% to EUR4.531 on Thursday morning.|
|Good jump in Ro-Ro,fuel up a bit as well.|
|Mr. Rothwell/Rokeby have many millions of debt|
|what on earth is Rothwell up to? Almost 8 million euro raised on top of the shed-load of money he got last year,was it 17 million? What in God's name is he doing with the cash!!!|
|I'm very happy to hear that the M.V. Epsilon is going to go Dublin-Cherbourg once weekly,starting at 99euro for a car and driver.They needed a price-point like that to take on the 'no-fills' guys like Celtic Ferries,etc.My only reservation is that in this 'race to the bottom' fare,crew pay and conditions are preserved and notcut back.|
|Adding capacity to RoRo Dublin-Hollyhead with the chartering of M.V. Epsilon.|
|Less than 1% of his holding
Probably budget/tax related?|
|I see Mr. Rothwell selling 20,000 shares.|
|Well not quite 'shock and awe',but steady as she goes.|
|Up over 50% in the last year,not counting dividends! Not bad!|
|Steady as she goes,I'm happy they've kept the dividend at one euro per annum,despite the buy-back.|
|2013 The Great Irish Share Valuation Project (Part II)
I take a look at Irish Continental Group, plus a batch of other Irish stocks:
|When one thinks about it...It's quite audacious.They're buying back a quarter of the co.,which,on one view,is running a highly efficient balance sheet.However,on another view,is it a creeping takeover?If Mr. Rothwell takes the cash,he then has a war-chest to buy more.If he decides not to partake,he suddenly ends up with a shed-load more of the company.I think we may be going back to 2007 and 2008 and 2009..........|
|dj...lol....this is still a perfect arbitrage play :-)|
|I'm glad I added these to pension fund last week,Peter Lynch would describe this as 'being caught with one's pants up!'|
|I hold these in my own account but I also intend to buy them for my pension account.I'm going on the Merrion Capital research,the 700,000 share buy-back earlier this year and the (fairly solid) dividend.I'm not raving about them,there are major economic headwinds,they're at the mercy (to an extent) to the oil price and they have plenty competition.|
|Crude oil is below $80 dollars a barrel,this should be a positive for the stock.As far as I remember they don't hedge.|
|djderry...stena are also after pulling their rosslare to fishguard summer fast craft service.....it only ran for 2 months but every little helps!|
|I reckon that there could potentially be a secondary placing of 12.3% of ICG's shares before the end of 2012 - http://pdosullivan.wordpress.com/2012/04/28/market-musings-2842012/|
|Merrion Capital have quite a bit of research on this co. 67cent dividend,can we expect more after June?|
|I presume that the lack of a Cork-Swansea ferry service will be slightly positive.|
Just posted Part III of The Great Irish Share Valuation Project on my blog. I'm setting a Fair Value Price Target for every listed Irish company. So far I've valued almost 3 dozen companies, including Irish Continental:
I hope you'll take a look (plse don't hesitate to comment/email me), and perhaps become a regular reader.
|anybody following this?|