Kingspan Share Discussion Threads

[father o toole] 02/9/2008 14:29

goggin, well done on your call of 8e, i`ve reshorted again at 836.

[lbo] 28/8/2008 11:02

Kingspan profits fall 21pc as housing slump bites

[djderry] 27/8/2008 21:10

Operating profit and EPS down circa 20%,debt reduced even as share buy-back continues,100% increase in free cash flow,dividend maintained.Not bad at all.

[liarspoker] 23/8/2008 02:22

You have to put it in cut & paste form djderry so that LBo can understand it....and please, no personal opinions:

Kingspan Group buys Metecno USA for around $111 mln including debt

[djderry] 22/8/2008 19:48

Kingspan buys Metecno for $111 millon,which should fit in nicely with the Canadian operation.

[lbo] 22/8/2008 11:16

Kingspan under fire for plan to shed 84 jobs in UK closure

[farmer 2] 14/8/2008 13:59

where will kingspan go from here?

[lbo] 13/8/2008 22:53

Cavan-based building insulations and timber-frame housing group, Kingspan, was one of the main fallers of the day with shares down 35c to E7.25. In a report from Goodbody Stockbrokers entitled "Short-term pain but long-term gain," analyst, Robert Eason is revising down his 2009 and 2010 by 22pc and 28pc to 62c and 64c, respectively. This reflects, he says, a deteriorating outlook for the UK construction sector and recently revised Irish GDP forecasts. Forecasts for full-year 2008 are largely unchanged, with lower underlying growth assumptions being offset by including the full impact of the current share buy-back programme. An examination of previous UK non-residential construction cycles (around 30pc of Kingspan's sales) shows that the peak-to-trough range is 30-60pc, he said.

[father o toole] 13/8/2008 18:49

well said goggin

[goggin] 13/8/2008 15:34

GOODBODY ARE IDIOTS! They live in dream world, if they were smart, they would not have called this a " strong buy" north of €12 euro - they did and conned more people into putting their hard earned cash into a company that is at the mercy of the housing market.
Its not kingspan that is the problem - its the Irish and British housing markets and no matter how good and well run a company Kingspan is - it cant fight the tide.

MORE LIKE 2 - 3 EURO COMMING UP - I'm willing to bet that this will be below €3
by christmas 2009

[djderry] 13/8/2008 10:06

Rather downbeat assesment from Goodbody stockbrokers this am,says it could be range-bound between 5.25 to 7.25,price target over long/medium term:10.20.

[goggin] 12/8/2008 19:29

I feel some as DJ are missing the big picture, the building slump in Ireland and the UK is in a state of denial, its a basket case and when there is no demand, things get worse - for a very long time, some as DJ expect things to pick up soon and may I respectfully suggest that property down cycles last more than 18 month - we are looking at 3 - 5 years and a minimum of 40% of the top so in the near term the trend is firmly down, You must look at the history of property slumps and the bulls will always say but this time is different, and you may be right, it could be a lot worse then even I feel, it could crash by 80% as world events begin to influence events closer to home as we have seen in the last few days. I dont call it value investing to buy over priced shares that have further to fall. Only time will tell but to give a clue as to when to buy, it will be when DJ and like minded people say its time to sell and as long as DJ is bullish, the trend will be down, once these people turn bearish, we will be near the bottom.
good luck to all.

[djderry] 08/8/2008 20:14

Drawing pictures at the back of class again,I see.What have I told you before Toole!

[father o toole] 07/8/2008 22:28

Now

Were`s this going



even a starter should know !

[father o toole] 07/8/2008 22:19

DJ your the type of person thats worth their weight in gold, i enjoy reading yoor optomistic posts even if i dont agree with them.

Its all part of life.

[djderry] 07/8/2008 22:05

Should read 'I will have..'

[djderry] 07/8/2008 22:04

Toole,to answer your question,because it is precisely during a 'slump' that one builds long-term wealth.(Actually,it's impossible to 'time' one's purchases but I won't get into that now.Most others,like you,are believing the 'doom and gloom'.And there's plenty of it to go around.What happens is that all weak holders (those who bought on a whim or bought because 'hey,the blighter is going up',etc,have long abandoned the co.Then,those who are scared out because they've heard the 'r' word have also run for the exits.What we're left with are the institutions,pension funds and the more astute investor.Now,no one really knows where the market will go next,or how much more bad news is on the way.I'm only sure of one thing: when the macro situation changes,I will all my shares,including the ones bought in the midst of the 'slump'.

[father o toole] 07/8/2008 21:13

dj, go with the flow, eyes wide open.

How can you buy a building supply company in the midst of a property slump?

dont take it personal kid its only a game, if you cant sleep at night reduce to a level were you can.

[djderry] 07/8/2008 19:59

With respect,(and I shouldn't really be educating you guys in investing),it's all in the price.As you know,(or,again,as you should know)the market tends to overshoot both on the way down and the way up.Markets are almost never effecient.(I was going to number my points but I'm sure you'll be able to distinguish my various points.)Analysts get their forecasts wrong as often as they get them right.(I'm not blaming them,they're dealing with micro/macro issues,conditions which are in a constant state of flux.)Yes,there are economic headwinds.But each new house which is not built leads to pent-up demand.Look at the demographics.Every drop in house prices is making Ireland Inc. more competitive.But,on this BB,you're still missing the point.This co. is about so much more than Ireland.It's also about much more than a buildings material co.Perhaps one day you will understand......

[father o toole] 07/8/2008 13:49

Goggin

i talking to possibly one of the suppliers of kitchen doors in the UK and Ireland lately. The story according to him is ROI complete wash out, NI nearly as bad, uk getting as bad.

[father o toole] 07/8/2008 11:30

84% droup is new home starts, if my reading of the situation is correct then thing are alot worse than that.