Share Name Share Symbol Market Type Share ISIN Share Description
Kingspan Group Plc LSE:KGP London Ordinary Share IE0004927939 ORD EUR0.13 (CDI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  3.44 5.8% 62.80 62.40 64.32 63.86 60.64 60.64 60,114 16:35:01
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 6,497.0 689.0 305.6 20.5 11,380

Kingspan Share Discussion Threads

Showing 226 to 248 of 450 messages
Chat Pages: 18  17  16  15  14  13  12  11  10  9  8  7  Older
Very disappointed by the misuse of the apostrophe in the recent RNS regarding their results.
Kingspan; Moodys highlights difficult market conditions in peer downgrade


The High Court has granted Anglo Irish Bank an order for possession of the home of former Smart Telecom CEO Oisin Fanning.

The bank took the action over what it says was Mr Fanning's failure to repay loans and interest of €8.6m.

Mr Fanning had opposed the action to possess his Co Kildare home, Forenaghts House. He claimed he was pressurised into taking out the loan to buy shares in Smart Telecom and that the bank was unconcerned that he had no means to repay it.

He claimed the bank only gave him the loan because Brendan Murtagh, who took over Smart Telecom in 2006, and was a long standing customer of the bank, had given assurances that repayments would be met.

He claims the loan was effectively made to Mr Murtagh, who knew Mr Fanning would be unable to repay it but had said as CEO of the company he needed to be seen to be investing in it

Company shares used as loan security

Directors of insulation and building products manufacturer, Kingspan, are using more than 7 per cent of the company as security for personal loans. Chairman Eugene Murtagh and his brother Brendan are each using 3 per cent, or five million units, for this. Chief executive Gene Murtagh, is using 1.1 million. Dermot Mulvihill and Eoin McCarthy have also pledged Kingspan shares as security for personal loans

Happy New Year to all holders.
Letter to Santa from an Irish businessman

Exporters suffer double whammy as sterling hits record low against euro

Lets not even mention the collapse in Sterling versus Euro!


UK non-residential activity continues to contract, according to new figures relating to commercial and industrial building activity in the UK. The UK Office for National Statistics (ONS) indicated that the value of private industrial and commercial construction orders in the UK were down 20% year-on-year in October. The October decline continues an ongoing pattern. Using quarterly figures as a more stable barometer of underlying trends, private industrial and commercial construction orders were 29% lower in the August-October quarter compared to the same quarter in 2007. We expect that for 2008 overall, UK industrial and commercial construction orders will probably fall over 25%.Unfortunately, there is every chance that activity will fall again in 2009. Orders in the early 1990s declined circa 58% over three consecutive years, and nonresidential output ultimately recovered later than the housing market. This suggests that already difficult trading conditions will continue for some time for those businesses with non-residential exposure to the UK. Kingspan stands out in this regard. Around 55% of group revenues are in the UK, about 60-70% of which are non-residential (commercial/industrial/office) and which are mostly new build. Reflecting the pressures that Kingspan is facing across its end-markets, we are forecasting that the group's earnings will fall 35% in 2008 and 57% in 2009.

I find your post 29 incredible for an intelligent man

"The patient investor is,perversely,much happier in a bear market.Month by month,he or she can add to shareholdings in companies at a price unimaginable even a few months ago.What do I care what the shareprice is this/next year? I'm playing the long game!"

There is no guarantee that the share price will recover, some do, some dont, some go bust, others get taken over at much lower prices than you purchased at.

The long game can be very painfull. I see you often remark about W. Buffett.
Now when did warren enter the markets? Generally since the 60's to late 90's a buy and hold approach worked but we are in changed times and changed times needs a fresh approach.
Banks were not going bust from the 60's to the 90's like they are today so what worked then will almost certaintly not work to day.
This is very reminasent of the 1930's. The big difference is wealth distribution, hence I don't believe things will get as bad or take as long to recover but that doesent mean we should take a blasie view of the world. buying near a bottom is much more profitable than buying tops to state the obvious.

To paraphrase the sage of Omaha,one shouldn't be in the market for ten minutes unless you are willing to be in it for ten years.If one's cash is required in the next one,two,five years,then it shouldn't be invested in shares.I relish three 'down' years,if that's what's in store.(I don't place too much trust in broker's reports,they're wrong about as often as they're right!).Anyway,the market tends to move up well before a recession ends,if history is anything to go by.Attitude is as important as any other skill an investor might learn.
Always remember a bear market can last longer then many investors can remain liquid!

Engine room of the boom grinds to a halt

The full scale of job losses across Co Meath is beginning to emerge as official figures show its towns are bearing the brunt of some of the fastest rising dole queues across the entire State. Live register figures, for example, have jumped by 122 per cent in Trim, 111 per cent in Kells and 94 per cent in Navan.

Much of the reason job losses are higher in Meath than many other areas is that it became the engine room for the construction boom.

Companies supplying the building industry - Kingspan, Gypsum, Kingscourt, O'Reilly Bros - were barely able to cope with demand, while locally-based auctioneering and engineering companies flourished.

But the foundation for the industry was built on sand. Orders have dried up, the firms are haemorrhaging money and hundreds have either been let go or are working on reduced hours.

The patient investor is,perversely,much happier in a bear market.Month by month,he or she can add to shareholdings in companies at a price unimaginable even a few months ago.What do I care what the shareprice is this/next year? I'm playing the long game!
Firms braced for further slides

Irish publicly quoted companies are now expected to post three consecutive years of earnings declines through 2010 as the domestic and global economies continue to deteriorate, according to analysts at Davy.

The country's biggest brokerage made more earnings downgrades for listed companies than upgrades in November -- a continuing trend that had been going on in each of the previous 13 months.

Davy analysts changed estimates for 25 companies last month, with downgrades outstripping upgrades by a rate of 10 to four. Allied Irish Banks, Grafton Group and Kingspan bore the main brunt of their red pens in November.

Thank you for your comments Goggin,much appreciated.As regards leaving a lot of wealth behind,well I think that would be the sign of a misspent life,but I'll let you know when I get there! Seriously,though,to make really large sums of money takes,in my view,a significant amount of time.It's through compounding and the re-investment of dividends that most of the gains in the market come about.I don't trade.As regards Kingspan I have no view,over the short term,as to what its shareprice will be.However,I'm willing to invest on the basis that it is,to use the phrase,'well capitalised',that the recession will not last forever,that it's in the right regulatory place with its products,that it has a good geographical spread in its business and is well managed.I let the world economy take care of itself.I'll add if and when I have the capital.I don't judge the success or otherwise of my investments on what the market says at any particular time.I'm quite content to be a part owner of the business,which is what shareholders are.Re LBO's comments:I agree with your analysis insofar as one should only invest if one can afford to stay invested.If one needs the cash in,say,the next five years,I would not put it into this,or any other stock.
Hi DJ - have no problem with any of the above and sorry if I came across as personal - it was meant to focus on your comments and not you personally - the world would be pretty boring if we dident have opposing views.
Are you serious that you wouldent sell if these went back to say 16 Euro- if not, why not and what would be the point of dying with a load of nosh tied up in shares for future generations to fight over???????

My 2 euro target is getting closer all the time - at 2 euro I am a short term buyer until next March - April time when I seriously believe this sucker rally which is coming will kill a serious number of people off.

Djderry I admire your bravery (or is it stupidity?) Its a very fine line in the current economic enviornment and sadly markets could easily fall longer then investors can remain solvent IMHO.

National Irish Bank says world on brink of economic slowdown that is likely to have significant impact on Irish economy

More jobs going at Kingspan

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?

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.

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


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.

father o toole
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 ."

DJ - Having bought at £16 on 16th of Aug 07, when do you think you will get your money back??????????? + a profit
Chat Pages: 18  17  16  15  14  13  12  11  10  9  8  7  Older
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