Buy
Sell
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 276 to 298 of 450 messages
Chat Pages: 18  17  16  15  14  13  12  11  10  9  8  7  Older
DateSubjectAuthorDiscuss
06/7/2009
22:58
If Metecno in US is another astute investment !!!!!!then another can of worms will open up....Metecno historically has been a cat with at least 9 lives..
benny62
06/7/2009
10:31
Murtagh in talks over €200m Polish land lawsuit

http://www.independent.ie/business/irish/murtagh-in-talks-over-8364200m-polish-land-lawsuit-1806507.html

lbo
29/6/2009
07:56
http://archives.tcm.ie/businesspost/2009/06/28/story42769.asp

Businesswoman Eileen Monahan is taking a multimillion euro legal action against Kingspan founder Brendan Murtagh and two other shareholders in property firm Howard Holdings.

lbo
26/6/2009
11:17
Planning permissions fall 24pc in Q1
http://www.fxcentre.com/news.asp?2437930

The number of planning permissions granted for new homes fell by 23.7pc in the first three months of this year compared to the same period in 2008, the latest figures from the CSO reveal.

lbo
24/6/2009
12:47
http://www.rte.ie/business/2009/morningrep/download/0624davy.pdf

http://www.fxcentre.com/news.asp?2436443

Davys today slashed its earnings per share forecast for insulation materials and wooden framed housing firm, Kingspan. It has forecast a peak-to-trough decline in Kingspan's earnings of around 80pc. "As pointed out previously, Kingspan has an above-average exposure to new build, particularly new build non-residential. The adjustment to our Kingspan forecasts follows fresh evidence that construction activity remains depressed across the continent. Euroconstruct is now forecasting that 2009 will result in the biggest yearly decline on record (7.5pc) in European construction activity. Closer to home and from a Kingspan perspective, SIG's recent profit warning was clearly of some relevance." Shares in the firm fell by 4c to E4.00.

lbo
23/6/2009
13:11
http://www.irishtimes.com/newspaper/finance/2009/0623/1224249338791.html

KINGSPAN GROUP plc founder Eugene Murtagh is suing a leading international bank claiming it failed to disclose the "utterly unsuitable" nature of a €24.8 million investment which resulted in a loss of €3.8 million for him.

Mr Murtagh, Kingscourt, Cavan, has brought his proceedings against Merrill Lynch International Bank Ltd, Treasury Buildings, Lower Grand Street, Dublin, claiming breaches of various regulatory duties imposed on the bank under investment legislation.

lbo
22/6/2009
11:54
Murtagh's misery

http://archives.tcm.ie/businesspost/2009/06/21/story42563.asp

These are tough times for Kingspan co-founder Brendan Murtagh. The Cavan businessman has seen a few investments head south. He is not alone, but he was fortunate to have a very valuable stake in Kingspan to enhance his investment war chest over the years.

But, having pumped somewhere close to €20 million into Smart Telecom, the company is in big trouble. Murtagh and his sons invested around €12 million in the venture in its original guise.

In late 2006, it emerged that Murtagh had been writing cheques to keep the company alive for over two months at an estimated cost of around €6 million. He lent Smart €2.4 million, and guaranteed a further €23 million in loans for the company. In recent weeks, the new Smart has breached its banking covenants, and the future does not look very bright.

Howard Holdings, the investment and property development group he backed, has also had some banana skins in recent months. It bought 80 per cent of Coventry Airport for around €14 million in 2006. It invested a further €6 million in the business. Coventry lost the two low-fares airlines that had been using the facility and has turned into a freight-only airport. Its owners put it up for sale a few weeks ago, but a buyer has yet to be found.

The airport was a relatively small venture for Howard Holdings, which says on its website that it has €4 billion worth of projects and investments under development. Unfortunately, it is not possible to get up-to-date accounts from the Companies Office, so it is not clear just how things have been going.

The most recent accounts for Rushbrook Property plc, formerly Howard Property, cover the period to April 2006 and were filed with the Northern Ireland Companies Office in May 2008.The company is on a strike-off list.

The 2006 accounts show that it made a loss of £1million on a turnover of £22 million in the year to April 2006. It had total assets of £47 million and net current assets of £4.5 million. Creditors falling due within one year amounted to £42 million.

Howard Holdings plc's latest accounts cover the period to April 2007 and show that turnover fell from £22m in 2006 to £6.4m in 2007. Loss before tax was £1.4m, net cash outflow was £1.8m compared to a positive cashflow of £15m in 2006. Development assets amounted to £47.2m.

The group has been involved in a number of major international projects in Ireland, Britain, Poland and Spain. In Britain, it bought the Whitgift Shopping Centre in Croydon along with Anglo Irish Bank back in 2006, for an estimated £250 million. It completed the Lapps Quay €130 million development in Cork in 2005.

The 2006 accounts say that the company, at that time, was doing business with eight banks, including Anglo Irish Bank, Ulster Bank, AIB, and Irish Intercontinental Bank.

Murtagh has around 6.6 million shares out of Rushbrook's 26.2 million shares, giving him around a 25 per cent stake. Meanwhile, his shareholding in Kingspan, once valued at €130 million, has now fallen to around €20 million.

lbo
18/6/2009
11:19
Yeah Benny. A 34 per cent reduction in sales during the first four months of 2009 is not looking good!

Rats deserting a sinking ship?

Kingspan Group reveals executive changes

http://www.shares.ie/news/irish-market-news/5834-kingspan-group-reveals-executive-changes

http://www.examiner.ie/business/fewer-than-2000-homes-built-94193.html

FEWER than 2,000 new houses were registered in the first five months of this year compared with almost 8,000 in the same period last year, figures from the Construction Industry Federation (CIF) have shown

CIF: Build slump is worse than we though

http://www.fxcentre.com/news.asp?2434346

lbo
17/6/2009
15:10
LBO There could be a fire sale here very soon.....Smart wont be only company breaching covenants when this years turnover is disclosed......this company could be picked up very cheap shortly !!!!!!!!!!!
benny62
17/6/2009
14:13
http://www.irishtimes.com/newspaper/finance/2009/0617/1224248983857.html

THE PARENT company of Smart Telecom has breached financial covenants with lenders and is currently relying on extra funding provided by bondholders to remain in business, according to accounts just filed.

lbo
14/6/2009
21:16
Smart engaged with backers over its future

http://www.sbpost.ie/post/pages/p/story.aspx-qqqt=THE+MARKET-qqqs=themarket-qqqid=42423-qqqx=1.asp

Smart Telecom is backed by Cavan businessman Brendan Murtagh

lbo
11/6/2009
13:06
http://www.independent.ie/business/irish/kingspan-cofounder-sells-halfamillion-shares-to-raise-836424m-1769374.html

Kingspan co-founder sells half-a-million shares to raise €2.4m

lbo
10/6/2009
18:42
I know that LBO's incessently pessimistic posts can be quite grating but I would defend his right to put forward his views.It serves as a sounding board for other's views.(That's not to suggest that I agree with him.However,had I listened to him a bit more,or perhaps should I say,if I had delved a bit into his diatribes regarding Anglo,I might have saved myself many tens of thousands of euro.......)
djderry
08/6/2009
10:23
Construction sector continues decline

http://www.fxcentre.com/news.asp?2427345

lbo
03/6/2009
21:52
Irish construction 'depressed' - Wolseley

http://www.irishtimes.com/newspaper/breaking/2009/0528/breaking18.htm

It described the Irish construction market as "severely depressed" with activity levels over 70 per cent lower than at the same period a year ago.


ODCE 'concerned' over directors' loans

http://www.irishtimes.com/newspaper/breaking/2009/0529/breaking65.htm

The Director of Corporate Enforcement, Paul Appleby, has expressed concern about a four-fold increase, to €134 million, in illegal loans taken out by directors of Irish companies.

He said the rise in excessive directors' loans, many of them in the construction sector, was extremely worrying and he wanted them repaid as quickly as possible.

lbo
03/6/2009
19:30
mveseyx....well said! well said!!

i couldnt have put it better myself!!!

lochgarman
01/6/2009
19:28
A few hours later....and we're there!
djderry
01/6/2009
10:32
Post away.We're heading on to 5 euro!
djderry
28/5/2009
21:57
http://www.irishtimes.com/business/markets/1224247637607.html

Construction stocks were lower after the Wolseley results with Kingspan down 2.2 per cent at €4.75, Grafton off 5.3 per cent at €2.66 and McInerney off 0.7 per cent at 13 cents.

Wolseley described the Irish construction sector as "severely depressed" in a statement, adding that activity levels were 70 per cent compared to the same period one year ago

lbo
26/5/2009
12:16
http://www.fxcentre.com/news.asp?2420513

Rockwool, a Danish competitor of Kingspan in the building insulation business, saw its share price fell 3pc after the group issued a disappointing set of first quarter results. Kingspan's shares declined by 7c to E4.55

lbo
26/5/2009
07:32
This will be the pattern in the property sector for at least 18 months....thanks LBO
benny62
26/5/2009
07:11
http://www.independent.ie/business/irish/howard-holdings-to-defend-windingup-petition-in-england-1750573.html

Irish property developer Howard Holdings intends to defend itself against a winding-up petition being submitted to the English courts by London civil engineering firm Fenton Holloway.

lbo
21/5/2009
15:12
Three quarters of Irish builders halt work

http://www.independent.ie/business/irish/three-quarters-of-irish-builders-halt-work-1747270.html

lbo
Chat Pages: 18  17  16  15  14  13  12  11  10  9  8  7  Older
Your Recent History
LSE
KGP
Kingspan
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

Log in to ADVFN
Register Now

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20230202 17:35:07