Kingspan Share Discussion Threads

[djderry] 31/1/2008 19:51

The share price is now discounting a recession for approximately a trillion years.

[father o toole] 18/12/2007 16:46

Thanks guys

Yes i do think there`s alot more pain to come for kingspan.

[pugugly] 18/12/2007 10:19

FOT> Well done!! Excellent call. Only picked up via top fallers today. Given the massive credit crunch in the UK and Europe your target of €6.5 could well be on the high side - Will need to do more research especially into what is happening to companies like SIG.

Have a good Christmas. R.

[father o toole] 18/12/2007 09:17

well

at least kingspan are willing to tell the truth unlike anglo who would have you believe everything is rosy.

[djderry] 18/12/2007 07:33

The market may not like the mid-single digit growth forecast.....

[liarspoker] 16/12/2007 10:59

I took a bit of a stake in Latchways ( LTC ) recently. They are a falls protection company.



It looks like that Kingspan use their equipment too as they have linked them on their website:



Write out their 5 year P&L and B/S stats - they just get stronger every year. Also have a good look at their ROE, ROA, Net Profit margins, ROCE etc. Can you find a stronger company on fundies ?

Chart shows a nice dip to buy on too. :O)

[ntv] 06/12/2007 11:26

wonder why this hasn't respond to shi price rise and potential interest rate which have got to come now thick and fast

[father o toole] 02/12/2007 22:24

Lets look at that transaction !


62,500 @ Euro2.67

40,000 @ Euro2.35

37,000 @ Euro0.13

less than 150k euro when the share price is on average is 7/8 times higher, pales into nothing when compared to the 40m euro sell in june

i increased my short on friday, and will so agian if the opportunity arises.
These companies are in for some very troubled times if my calculations are right.

[blackersmill] 30/11/2007 18:49

SECTION OF ARTICLE FROM IRISH INDEPENDENT
Thursday November 15 2007:


While Kingspan grows its geographic footprint and its product range, its share price is going through one of its worst troughs. It closed at €14.55 yesterday, well off the highs of €22.8 it achieved in May.

With a price/earnings ratio of 13.6, investors seem to be treating Kingspan as a traditional building materials company, perhaps punishing it for its Irish exposure.

Yet only 8pc of revenues at the company, relate to new Irish housebuilding and less than half of this is exposed to any slowdown.

Murtagh thinks investors under-estimate the importance of the commercial property market.

He said: "Clearly the market is going through a rapid decline in housing. This is the result of over-building and over-pricing in '05 and '06. We support what is happening now. But non-residential has never been stronger. The pipeline of work we are looking at into 2008 is exceptionally strong."

There are a number of ways for the chief executive of a quoted company to answer a market undervaluing his company.

Last week Gene Murtagh chose the most impressive of these -- he exercised options to add 139,500 Kingspan shares to his portfolio.

[father o toole] 29/11/2007 12:34

BOE says mortage lending falls sharply in UK, Ireland is the same and so is the US, hell, thats 80% of kingspans sales area, i would think the other areas in europe are the same. Outlook should be grim

[father o toole] 29/11/2007 09:34

The co founder sold over 40m euro worth in june

This is more or less a building materials company.

Target , short term 6.5e

[father o toole] 29/11/2007 09:27

Kingspan Group says co-founder Brendan Murtagh cuts stake in co
LONDON (Thomson Financial) - Construction company Kingspan Group PLC said
co-founder and head of corporate development Brendan Murtagh has sold 2.40 mln
shares or 1.41 pct at 20.05 eur a share, cutting his stake to about 5.13 mln
shares or 3.02 pct in the company.

[liarspoker] 04/9/2007 17:24

Yes Current P/E for SGI is about 18 which is fair. But the forward P/E is only about 12 on a PEG of about .34

Good brand name too.

Director buy here today. Still a touch expensive for me but I'll keep watching. :O)

[culchi] 04/9/2007 17:13

i have been watching sgi since jt bought in . Just hoping it might dip a little .Is p.e. about 21. Looks a fine business .Collected stamps for many years so very familiar with brand. Just missed buying kingspan when it dipped below 16euro. So went for it just before results at 17euro. We talked about it earlier this year liars.when priced around 22euro and a pe of 22. Sgi with little debt looks a safe bet in the current climate.

[liarspoker] 04/9/2007 09:23

I am looking too guys but still a bit expensive for my tastes. Another I like is SGI - 25% EPS growth, 25% Return on Equity, hardly and debt and a simple understandable business. Just how I like 'em. :O)

[culchi] 04/9/2007 09:15

Bought in last week at 17 euro . Was waiting for price to drop but it now joins anglo and united drug as my long term irish shares.

[rik shaw] 03/9/2007 21:27

People just don't seem to appreciate the potential this company has. Its more than just insulation or modular construction or flooring etc, and its growth plans are as always ambitious. Value will show itself in the long term imho.

[djderry] 03/9/2007 20:42

What a set of interims! EPS growth of 30.4%.The share price hardly moved,but who cares.If they can keep this up for a few years more,then we'll easily double again!!!!

[rik shaw] 29/8/2007 20:52

Interim results on Monday might help the share price back up where it belongs imho.

[djderry] 16/8/2007 23:43

Bought more today,could not resist at these prices.

[its the oxman] 01/8/2007 15:33

anyone any idea what is behind the continued fall besides general market?

[simon gordon] 30/7/2007 17:09

'James Forbes, senior investment manager at Hibernian Investment Managers in Dublin, said he's been buying stocks such as Cavan-based Kingspan Group that are "beginning to look cheap."

Shares of Kingspan, Europe's largest maker of flooring and insulation panels, have fallen 17 percent this quarter, even after the company said on June 29 that sales may jump 26 percent in 2007, helped by demand in Central Europe. It's trading at 16.5 times earnings, down from a high for the year of 25 times reached in May.'