Smurfit Kappa Share Discussion Threads

[phillis] 08/3/2011 07:35

NOT good news

[nellie1973] 24/2/2011 14:40

Broker upgrade

[lbo] 11/2/2011 14:58

Equity firms slash Smurfit stakes

[phillis] 10/2/2011 16:47

Actually not so
Rising comm prices provide the justification for a rise in SPs and the recovery in margins
It will take a bit of time but it is a normal but essential part of the business cycle

[lbo] 10/2/2011 12:34

Three big investors cut holdings in Smurfit





The bogeyman is commodity prices. Smurfit Kappa is already feeling pressure on its margins from hikes in raw material costs, from wood to energy.

[phillis] 09/2/2011 08:21

pricing environment improving
this BB shpould concentrate on the European business environment and less on irrelevant Irish political tittle tattle

[lbo] 17/1/2011 10:07

Dearer oil will hit Irish firms hard

[lbo] 13/1/2011 14:40

Brian Cowen has again been unmasked in his dealings with the Anglo Board. He never mentioned another social encounter at the Druid's Glen golf course with Anglo-Irish Bank directors in the crucial months running up to the bank bailout.

And in the Dail yesterday, he let slip that yet another Anglo director was present - Gary McCann.

McCann is one of the eleven most connected directors in Ireland, according to a TASC report, Mapping the Golden Circle. He was also a member of the board of Smurfit Kappa and a chairperson of the Dublin Airport Authority. In 2008, his salary package from Smurfit amounted to €2.8 million and that makes him one of the top cronies who run Irish business. Just the sort of VIP that Cowen likes to socialise with.

[lbo] 12/1/2011 18:41

Oh dear!



The Taoiseach also revealed today that another director of Anglo Irish Bank joined him for dinner after a game of golf with the bank's then Chairman, Sean FitzPatrick, in July 2008.
Mr Cowen told the Dáil that a number of other guests joined himself, Mr FitzPatrick, and Fintan Drury, including Gary McGann, who the Taoiseach described as chief executive of Smurfit Kappa. At the time, Mr McGann was also a member of the board of Anglo Irish Bank.

[phillis] 05/1/2011 15:23

Miles Roberts, Group Chief Executive of Smith DS said:

"These results reflect the strong volume and revenue growth in the recycled packaging business, driven by our revised strategic focus on customer service, innovation, quality and reducing the environmental impact of our product. This focus has allowed us to recover the significant increases in the cost of our raw materials and energy, and maintain our margins despite the usual three to six month delay. On 1 September 2010 we completed the acquisition of Otor, a leading supplier of recycled corrugated packaging in France. Integration is proceeding well and post acquisition trading performance of this business has been ahead of our initial expectations.

The review of business strategy has confirmed the exciting growth potential from focusing our efforts on delivering retail-ready, recycled packaging which helps build sales and reduce costs for our FMCG customers. We have identified attractive opportunities within the UK and France and also see very significant potential in the faster growing FMCG markets in Central and Eastern Europe. Corrugated packaging has growth prospects ahead of GDP and outperforms other materials on ease of recycling.:;

No reason why SKG should be immune from these trends

[phillis] 26/11/2010 15:39

Curley cashing in his chips

[smicker] 24/11/2010 18:11

Elsewhere, shares in Smurfit Kappa rose 15c to E7.41. The latest weekly containerboard pricing data shows that prices in Europe for Kraftliner were up E6/tonne, while recycled grades increased by E4-6/tonne. This continues the momentum in the series and it now almost fully reflects what the RISI price tracker has being showing for some time, namely kraftliner and testliner prices are up E60/tonne and circa E35/tonne, respectively, since August, said Goodbody Stockbrokers

[smicker] 21/11/2010 16:27

It just gets better and better

Smurfit Kappa

Latest figures from Gary McGann's paper company provides more of an insight into the global economy rather than lifting the lid on any major trends in Ireland. Profits were up by 26 per cent last quarter and boss Gary McGann is positive about future prospects.

"Good market conditions, combined with higher input costs, underpin continued corrugated price recovery," he said.

The cardboard-box maker has upped its prices, which it hopes will restore margins in 2011, along with better global market conditions.

[smicker] 21/11/2010 15:47

I think this must be what LBO has been on about. An easily made mistake but nothing to do with SKG

[lbo] 11/11/2010 09:58

Shares take their worst battering in three months



Smurfit Kappa Group (SKG) slid 3.6pc to €7.78 on fears Venezuela President Hugo Chavez may nationalise the paper-maker's operations in the oil-rich country.

"The nationalisation of foreign-owned companies by the Venezuelan government has intensified lately and would suggest that the risk of similar such action against SKG's business in Venezuela has heightened," chief executive Gary McGann was quoted as saying by Bloomberg. "We've seen activity in terms of expropriation on a wider type of targets than we previously experienced."

[smicker] 24/10/2010 12:16

Major upside to leaving the euro currency

[lbo] 27/9/2010 13:14

Eurocoin for August 2010 has confirmed that composite leading indicators for the Euro area growth are pointing to continued deterioration in growth in Q3 2010. Eurocoin has declined to 0.37 i n August from 0.4 in July, marking a 5th consecutive monthly drop

[lbo] 23/9/2010 13:36

less favourable news in the US paper and packaging industry, where the latest round of containerboard price increases is failing to stick according to a new report. The report was the catalyst for pressure on the share price of Smurfit Kappa. Its share price finished down 5.25 per cent at €7.40.

[lbo] 15/9/2010 10:02

"The Irish economic outlook remains clouded in uncertainty" Bloxham's chief economist Alan McQuaid said. "With the latest US economic indicators clearly showing that the world's largest economy is slowing down, this doesn't augur well for the economic picture here at home

[lbo] 07/9/2010 09:51

Top IMF economist cautions on growth

Economic growth will likely remain weak in Europe and the US, despite recent strong growth figures in

Europe, and Germany in particular, IMF chief economist Olivier Blanchard said yesterday.

"If the American economy slows, that would have an impact on Asia automatically, . . ." Le Figaro quoted Mr Blanchard as saying. He also said euro-zone governments should produce credible plans to cut deficits over the medium term.

[lbo] 24/8/2010 21:54

CRH - Ireland's biggest and most globalised plc - warned earnings will fall due to a faltering U.S. economic recovery, hammering its shares today and those of other major building materials makers. CRH, the leading asphalt producer in the United States, said it expected earnings to drop 10pc this year, backtracking on a prediction made only last month that its seasonally stronger second half would improve year-on-year. Worries of deflation and a double-dip recession have dominated investor sentiment towards the United States in recent weeks and CRH CEO Myles Lee said although he did not see a return to recession, the softening economic data was not good. "The economic news out of the U.S. has been disappointing and is lagging expectations. It looks now clear that the economic pick up there, while coming through, isn't going to be as fast-paced as expected," Lee said. Shares in the group plunged by nearly 16pc or E2.23 per share to E11.80.