Smurfit Kappa Share Discussion Threads

[philanderer] 29/3/2017 13:52

Annual Report:

[essentialinvestor] 29/3/2017 12:42

Added back a small amount sold this AM.

[essentialinvestor] 29/3/2017 09:20

Moorsie, having partly grown up in the ROI, Michael's name is ingrained
on my brain as he was in the news a lot.

[essentialinvestor] 29/3/2017 09:10

lol, Tony!, apologies. It's been a busy morning with various trades.


I'm just a country mile behind the world )

[moorsie2] 29/3/2017 09:08

Michael?? - What decade do you live in EI?? :)

[essentialinvestor] 29/3/2017 09:01

phil, Michael's salary must be a small drop in the ocean in terms
od what the Smurfit family are worth!.

[moorsie2] 29/3/2017 08:23

There was a 12M sterling sale of 500k shares yesterday. It looks like this was the market moving reason on Friday and Monday.

No reason why this is not at 23 stg and I expect to get there in the coming days and week or two max

[essentialinvestor] 29/3/2017 08:07

Nice start.

[philanderer] 28/3/2017 23:32

'Smurfit Kappa chief’s pay rises 9% to €1.66m'

Tony Smurfit got €285,000 bonus while former finance chief received €1.6m

[essentialinvestor] 28/3/2017 18:21

smicker, 17% in 3 days!, in fairness most people would have grabbed that.
Particularly given the uncertainty at the time.

[essentialinvestor] 28/3/2017 18:15

red, my Dad holds some of the ROI listed shares, he mentioned to me previously
they looked value, however for whatever reason I did not look at SKG
back then.

Better day ).

[smicker] 28/3/2017 18:09

EI,
I bought 3k worth at 1.03 on 31st Oct 08 and sold 4 days later for 1.21. 17 percent over 4 days and thought i'd pulled a masterstroke. That was stg

[redartbmud] 28/3/2017 18:00

EI

20/20 hindsight is a wonderful thing. We could all be millionaires looking back at the opportunities that we have missed.

[essentialinvestor] 28/3/2017 16:46

Some may not be aware, you could have picked up some SKG on the Dublin
exchange for very little just a few years ago.


The EURO price was around 5/6 from memory in 2012.

[smicker] 28/3/2017 16:40

From Wikipedia

In early January 2009, The Wall Street Journal announced that Smurfit-Stone had hired lawyers to plan for a potential bankruptcy filing – which caused an 83% collapse of Smurfit-Stone's stock price.[4][5] On January 27, 2009, Smurfit-Stone filed petitions for reorganization under Chapter 11 in the U.S. Bankruptcy Court in Wilmington, Delaware.[6][7]

The company's CEO claims Smurfit-Stone was forced to file bankruptcy because of higher operations costs, burdensome debt levels from prior corporate mergers, and weakened demand for packaging caused by a global economic recession.[7] Pending court approval, the company hoped to obtain debtor-in-possession (DIP) financing to continue ongoing business operations, payment of employee wages and benefits, and payment of existing vendor obligations.[7]

[essentialinvestor] 28/3/2017 16:32

They sold a US container business sometime ago from memory.

[redartbmud] 28/3/2017 16:32

Nibbled at £21.05.

[smicker] 28/3/2017 16:31

Did they ever expand into the states before?

[redartbmud] 28/3/2017 11:12

Ya never know with the y'oodles. Unpredictable at best!

[essentialinvestor] 28/3/2017 11:05

Hi red, around this time next month for some downside would expect,
having said that today's market bounce looks a tad insipid, may change
if the US powers ahead later.

[redartbmud] 28/3/2017 10:48

Agreed. Let's hope that the market plays ball going forward.

[essentialinvestor] 28/3/2017 10:30

Looking a little better today, in fairness that is a low bar given the
last week!.

[essentialinvestor] 27/3/2017 22:36

Europe is by far SKG's largest market, it's the best part of 3x
the size of The Americas in EBITDA terms.
Hopefully large potential in the US market to drive future growth.

[soundbuy] 27/3/2017 17:28

'Trump $ trade over now by the look of it.'

Wouldn't argue with that, could well hasten corporate action across a variety of sectors....

[essentialinvestor] 27/3/2017 14:21

Yes lovely afternoon, coming in to my favourite time of year.
July/August a bit hot for me.


Energy is one SKG's top 3 input costs, so this crude fall may be supportive.

GBP is looking oversold regardless of Trump imv,
some of the extreme caution looks misplaced.
Increased my domestic UK exposure towards the end of last week.