Kingspan Share Discussion Threads

[goggin] 07/7/2008 12:15

Share buy backs work great in a bull market, we are in a serious bear market with much further to fall.
Its not that KingSpan is a bad company, quite the reverse but the market is bad and there is no point in fighting the market. KS will be a buy near the bottom but that bottom is much further down in my opinion, it doesn't really matter whether I am wrong or right if you want to hold for 20 years but if you are looking to make big gains in the next 5- forget KS.
We could easily see 2 - 3 euro before a sustained recovery, as i pointed out before, this could well be peppered with sharp blips but that is all they will be - blips.
As for Buffett and Grapham ???
Its like investing in the early 80's, any dart would do, just throw and now with Billions behind him, its a different party.
Just 8 weeks ago, Buffet was saying the worst was over, he is getting old and his biggest mistake will be to try to catch a falling knife and make a big splash before he goes - it would ruin his reputation for ever.
Just think what you would be worth today if you had put a measly £5000 into Apple in 98 - from $1 to app $200 in 10 years - now that is a success story and yet if you bought apple at $180 - $200 do you really think they will do another 20000% yes 20000% again???? i dont think so.
KS have done it about twice and they have had their day - at least for the next 4 - 6 years - mabey then the bull will roar again.

[father o toole] 25/6/2008 21:49

I have always said that buybacks are a great sell signal, this is a good article that explains how they destroy value.

[blondebombshell] 25/6/2008 21:27

I am a keen follower of this stock. The down turn in the housing market and construction industry is hitting the company hard. Yesterday they announced the closure of their south wales plant in Blaneau Gwent:

They need to look hard at developing new market opportunities if they are to rebound to previous highs. While I agree this is a quality company I fear it it will stuggle to maintain current price levels and has further to fall in the short term.

[djderry] 25/6/2008 20:05

I'm not qualified to give advice lochgarman (I think we all know where you're from!) but I'd suggest you order a few back copies of their annual reports.Ireland is only one (though an important ) part of the business.Perhaps take a look at the various stockbroker's research,bearing in mind they make money when you buy and sell shares.I'd also suggest reading,among others,'The Intelligent Investor' and a few of Peter Lynch's books as well.Good luck!

[lochgarman] 25/6/2008 12:34

hi djderry......i was always very interested in investing in kingspan....i even contemplated it when the share price was around the 20 euro mark, but didnt as i didnt like the price or the whole scene in the irish construction industry.

but now i am beginning to get more interested in the irish market and also this company. All the fundamentals/financials are excellent...ok, things will be rocky over the next while but, long term this is a great company and will perform very well.

id say we could get shares for 3-4 euro a piece....would be great.

the share buy back is been performed excellently also.

[djderry] 12/6/2008 19:27

Which is about a hundred million euro,give or take a few mill.Every little helps.

[djderry] 11/6/2008 22:35

Up to 10% of co. to be bought back,immediately earnings enhancing.

[goggin] 09/6/2008 20:29

Down down down she goes - easy does it - then a Blip up and down again.
The Irish Economy is fast becoming the basket case of Europe with over hyped property prices and dodgy politions - what a great mix???????

[djderry] 04/6/2008 00:05

I shall not be sharing my wisdom with you again!

[goggin] 03/6/2008 11:36

Interesting dj
Have you ever considered hiring someone with out looking at their CV? Whe do you look at the CV/ if history isn't important, then how do we learn? Yes time to take the blinkers off and realise that you cannot defy gravity.
KS is going down even further and even rose tinted glasses wont stop it - this doesn't mean, or is a reflection on management, its a reflection on the market and don't be an idiot and ignore charts -or history - or do so at your pearl!
Temporary bounce backs will be only that until it has reached its bottom.
Then the landscape will have changed and I will become a strong buyer, but not at this silly price.

[djderry] 02/6/2008 21:00

Well Goggin,an interesting analysis.Charts are,you'll discover,a load of nonsense,just an attempt to see patterns where there are none.A very human desire.Think of it as someone driving using only their rearview mirror,it might tell you what's happened but it won,t tell you what's lying ahead.Anyway,on to our company.Yes,the market is pricing it as a cyclical construction company.But it's missing out on its exposure to the faster growing Central and Eastern European economies and its exposure to the climate change/carbon reduction agenda which is increasingly been driven by government.

[goggin] 02/6/2008 08:57

Classic retracement - Remember this is basically a construction company trading in a major depression in construction. Forget the hype, these guys were predicting upturns all the time, it in their interest - however, the upturn wont come to 2010 when the p. cycle starts again, plenty of time to buy and 2 - 3 EURO ON THE CARDS.



free stock charts from www.advfn.com

[djderry] 29/5/2008 20:07

I hope we don't attract a crowd!

[jamesgkenny] 29/5/2008 12:15

dj
lonely on this thread isnit? with fuel costs tripling why isnt this going thru the roof...... too? have bought lots of kingspan for projects and its not cheap

[djderry] 28/5/2008 23:44

This has gone much too low,I've started the process of gathering money to buy another load of these.

[djderry] 13/5/2008 22:34

The AGM on Thursday will indicate the direction of trading conditions.I'm expecting a pretty downbeat assesment.(It's all in the price at present.)

[djderry] 07/3/2008 19:53

Director buys 625k of shares.

[father o toole] 04/3/2008 12:12

still 50% more downsize

[djderry] 03/3/2008 20:51

Wonderful results,PTP up 21%,EPS up 23%,increasing margins too.The share price gets hammered on the outlook for 2008.

[lochgarman] 12/2/2008 11:42

can someone explain to me, why the directors were able to receive such a large proportion of stock options recently at such a low option price of 13 cents???

it just seems so low a price to have paid??

[father o toole] 06/2/2008 11:21

this company was built on the back of a housing boom in the britsh isles and to a lesser extent europe.

That housing boom has now turned into a slump and its going to take some time to tell the trur tale, i would safely say this company will at least half from here.

[surfer2] 06/2/2008 10:47

blimey...chart looks dire