Smurfit Kappa Share Discussion Threads

[lbo] 06/2/2009 16:50

Smurfit boss and United Drug's non executive director Gary McGann were among those making voluntary declarations about their share-backed borrowings. All of these companies have suffered savage falls in the value of their share prices.


Bank shares plummet after Anglo Irish board resigns

[lbo] 05/2/2009 14:59

NCB on Smurfit Kappa "severe drop in demand" and "no dividend"

Stora Enso has this morning reported a severe drop in demand in Q4 2008 and stated that it expects the operating environment for at least the early part of 2009 to be as challenging. Following the reported loss for 2008 the Group has stated that no cash dividend will be paid.

Within the industrial packaging division sales declined 12% y-o-y to €242.5m primarily due to significantly lower delivery volumes as demand weakened. Operating profit declined 78% y-o-y to €6.2m due to production curtailments and lower sales prices for some industrial packaging products.

Demand for industrial products was weakened by the wider economic slowdown, while containerboard prices fell as supply exceeded demand and OCC prices declined. Corrugated packaging prices also decreased slightly.

Prices for most industrial packaging products are expected to remain under continued pressure. Smurfit Kappa reports Q4/FY08 results next Wednesday (11 February) for which we have assumed no final dividend given SKG's continued focus on de-leveraging the balance sheet.

[lbo] 04/2/2009 14:34

Row over profit share in K Club scheme hits court

[lbo] 27/1/2009 10:05

Smurfit-Stone Container, one of the world's biggest recyclers and a maker of cardboard packaging, filed for bankruptcy yesterday as falling demand and heavy debt repayments weighed on the company

[lbo] 16/1/2009 10:34

Smurfit disowns similarly named US firm



Dublin-based packaging group Smurfit Kappa has distanced itself from the US corrugated packaging maker Smurfit-Stone Container Corp, which is reported to have told lenders it could file for bankruptcy.

The Wall St Journal has reported that SSCC is considering the move because of weakening sales and a cash crunch.

In a statement this morning, Smurfit Kappa said it got rid of its stake in SSCC years ago.

It said: "In 2002, the former Jefferson Smurfit Group now part of Smurfit Kappa, distributed its 29.5pc shareholding in SSCC, to its shareholders, as part of the privatisation of JSG which completed in October, 2002.

"Smurfit Kappa has no shareholding in SSCC and both companies are totally independent of one another."

[lbo] 22/12/2008 09:38

More containerboard downtime announced in Europe

Three more companies have announced plans to take downtime in their
containerboard operations over the Christmas period.
Hamburger – which produces about 1.2m tonnes per annum – plans to take
approximately 35,000 tonnes of downtime over the period, while Peterson
Linerboard in Norway plans to reduce production by 8,000 tonnes. Powerflute has
also announced plans to take downtime at its semi-chemical plant.
Any reduction in production is welcome in an environment where demand is
declining and where there is a significant amount of new capacity set to come onstream over the next 18 months.

[lbo] 19/12/2008 11:29

Not many! Everyone is looking at each other wondering who will be the next liar outed and what more New Year corporate surprises are on the way. The Irish Pyramid scam is unravelling before our eyes.

Letter to Santa from an Irish businessman

[hermana] 19/12/2008 10:55

LBO,what yes man will big Mick finger for de chair now? Are there any good guys still standing?

[lbo] 15/12/2008 11:23

Its a figure being banded around!

UPM to Miss Profit Target; Says Order Intake Tumbled

[smicker] 13/12/2008 16:53

LBO,
Are you quoting that figure or guessing it?

Anyone know the 4 firms in the republic

[lbo] 13/12/2008 16:23

under €1

Packaging firm agrees lifeline deal

[smicker] 13/12/2008 10:25

Article today states that Goodbodys have SKG as one to watch that could do well in 2009 once it hits their target price. Anyone know what that is?

[lbo] 04/12/2008 22:43

Ah come on....I doubt it would be ECONOMICKY to the USA! Things can't be that bad! At least I would hope he would be able to spring for an Aer Lingus Premium Business seat. Much more comfortable and roomy with the bottle of Petrus and the Sambo. Do they do half bottles of Petrus nowadays??? LOL

[hermana] 04/12/2008 22:36

LBO,I will die with fright if I ever see bon viveur Smurf on Aer Lingus with his favourite bottle of Chateau Lynch Bagees and Egg sambos. He has not used steerage since he went public 30 years ago.

[murraysmint] 04/12/2008 22:35

lol

touche

ouch

[lbo] 04/12/2008 22:32

I can spell but I was typing not spelling! So it was a typo not a spelling error. LOL

Can I also assume that if you are so very proficient at typing and so offended by such a mistake but could not give a "fig" about real research then pehaps you are a secretary?

Good for typing but not very good at thinking or reseach! (would also explain your deduction that I am Shane Ross) ROFLMAO

[murraysmint] 04/12/2008 22:12

research

if you cannot spell it then i really do worry for you SHANE ROSS!!

[lbo] 04/12/2008 22:11

Perhaps his liquid shares are funding his illiquid loss making investments....And perhaps you should give a "fig" about a share overhang!

Ps if your reseach has led you to believe my name is Shane then I am definately worried about your reseach! LOL

[murraysmint] 04/12/2008 22:04

well SKG is not funding it Shane

And apart from that I dont give a fig for his private investments

[lbo] 04/12/2008 22:01

And how do you think Michael is funding his loss making K Club and other expensive vanity toys?? Next we will see him on an Aer Lingus Flight to the USA with his one bottle of wine to ease the blow to the ego! LOL

[murraysmint] 04/12/2008 21:48

I am sure they all are

Now thats a lot more sense than the K Club stuff SHANE lol

[lbo] 04/12/2008 21:44

I suspect Michael is nearly as keen as the other private equity firms Madison, CVC and Cinven to sell down their stakes to pay for their other assets (more like liabilities) they can't sell!

[murraysmint] 04/12/2008 21:40

You are an idiot LBO or is it Shane Ross ??!!

Check the company register M Smurfit holds less than 5% of the company

Accept that you are wrong

[hermana] 04/12/2008 21:30

LBO,Chair of big Mick's sinking paper tiger too. Wee Fitzer is the de bleeding kiss of death.

[lbo] 04/12/2008 21:28

And lets not even start on Sean Fitzpatrick. What other Boards is he on? Oh yes Anglo, Greencore and Aer Lignus!!!

Perhaps Sean will fill you in on the the common problem of big shareholders selling shares to pay for the losses in other illiquid investments.