Wt Iseq 20 Etf Discussion Threads

[lbo] 13/7/2009 09:57

Irish shares sink as recovery falters

[setanta3] 10/7/2009 18:41

LBO
thanks.
will give the bank a bell, as I held them through the bank.
I am getting the vod dividend alriaght.

[lbo] 10/7/2009 12:13

A quarter of small business loans are either in trouble or "on watch" by banks as the economy goes through the biggest upheaval in a generation, according to a major government-commissioned report. A draft copy of the keenly awaited report on lending to small- to medium-sized enterprises (SMEs) by consultants Mazars highlights "the very significant and continuing deterioration in general trading conditions" among SMEs. The report, seen by the Irish Independent, found that 74pc of 1,076 companies polled saw a fall in turnover and demand for their goods and services in the nine-month period to February. Sales in more than 45pc of small businesses slid over 20pc. Almost six out of 10 companies cut employee numbers as they battened down the hatches, with 28pc slashing their workforce by over 20pc. - Irish Independent

The number of insolvencies, or companies unable to pay their debts, in the first six months of the year jumped 129pc to 702 compared with last year. This is the highest level since 1994. According to figures from InsolvencyJournal.ie, the number of businesses that failed 15 years ago was 618. While construction insolvencies have dominated previous statistics, the latest numbers underline how the ripple effect is permeating other sectors, according to the website. The number of service industry insolvencies climbed 82pc from the first quarter to the second quarter, while retail insolvency was up a staggering 325pc. Construction is still the worst-affected sector, with 211 firms becoming insolvent this year -- 30pc of the total. - Irish Independent

[lbo] 09/7/2009 23:45

You got vodafone shares when Vodafone bought Eircell of Eircom in 2000 and you should of got cash for your eircom shares in 2001 if you were on the share register or sent in your share certificate.

Eircom shareholders to get Valentia cash

[setanta3] 08/7/2009 22:26

hi guys
this is a useful thread; good to keep up with the old country;
I hold very few shares directly but invested funds in a BOI fund in 2006 mainly hold Irish equities;

Anyone able to help? I bought eircom when it was privatised; when it was taken over I got vod shares for part;

any idea what happened to the rest and is it possible to chase up? TIA

[lbo] 08/7/2009 21:46

CRH, which - since the collapse of banking stocks - now comprises a massive 30pc of the entire market capital of all listed firms on the ISEQ

[hermana] 02/7/2009 08:59

Fatso says dole to reach and probably surpass 500,000. No wonder he wants to cut payment.

[lbo] 02/7/2009 08:47

Worry for consumers as most feel the worst is yet to come





The value of the Irish stock market soared 23.4pc over the past three months, marking its first increase in 10 quarters, as banking stocks bounced off record lows in March and investor appetite picked up across the globe.

While the rebound by the ISEQ Overall Index represented its best quarterly performance in 11 years, the benchmark's close yesterday at 2,707.8 points still left it 73pc below its record high of early 2007.

[lbo] 25/6/2009 13:35

Irish economy is the sickest of them all, IMF study claims
Ireland is suffering the severest recession of any advanced economy, the International Monetary Fund said in its annual health check.

[lbo] 15/6/2009 20:58

Of all the world's developed nations, ­Ireland is the one that is closest to a depression. The banking system is shot, the housing market has collapsed, unemployment is expected to rise to more than one in six of the population. The deterioration in the public finances – and this is saying something – has been even more acute than in Britain. The Irish economy is expected to contract this year by just under 10%.

Problems in real economy dwarf those of bank sector

[lbo] 11/6/2009 13:39

Annual deflation rate hits 4.7%



Jim Power: No fast recovery ahead

[smicker] 30/5/2009 12:15

I hold Smurfit, Fyffes and C & C.

Showing a nice profit in all of them but believe there is plenty still to go. C & C seems a very obvious candidate to shoot the lights out if the weather forecasters are anywhere near correct. I'm hoping for an explosive summer increase in volume which will be incorrectly interpreted as due to the new management team and forward predictions raised accordingly.

Fyffes is a company i've bought and sold before (bought after their internet venture turned sour). Now buying after their blackrock nonsense. They strike me as a company with too much cash from normal operations who then spend it on silly ventures. Hopefully someone will recognise the strength of the business and sort it all out.

Smurfit is another i held from 94p a long time ago and i watched it go to 216 and back without selling. I finally got out when they were taken over. I'm back again for the usual cyclical improvement.

[lbo] 29/5/2009 17:11

Borrowing is only going to dig us into deeper hole
May 28th, 2009, David McWilliams



Sterling has been allowed to collapse and there is no sense that they are worried about it falling further. In short, they are trying to borrow their way out of a recession that was caused by too much borrowing in the first place. The 0pc sofa finance deals in Habitat are the thin edge of the wedge, emblematic of a society, like our own, that has run up a financial cul de sac. We think that by borrowing and spending more people's money now, we will get out of this hole and then escape the ramifications of a 10-year binge.

The whole of the English-speaking world is at the same game. If we get away with it, we will simply transfer the weight of our debts on to the next generation.

But the real test is in the government bond markets. Are they prepared to accept our IOUs yet again? Hardly, which is why a crash in the global bond market in the months ahead is probably going to mark the next phase in the first Great Recession of the 21st century.

Whatever happens, we are in an intellectual conundrum because the whole point of our economies can't surely be more of the same, more debts and more stuff made in China ending up mothballing in the wardrobes of the West.

[lbo] 29/5/2009 16:35

Strategy – What's driving the Irish cost of debt improvement?
• The most favourable news surrounding the public finances over the past two months has been the significant recovery in Irish bond yields. Irish 10 year bond spreads over Germany have moved to185 bps from 288 bps since the 9th of March. Irish 10 year is now trading at 550 bps, with Germany trading at 365 bps. Irish bond yields were trading at over 600 bps during March, so half of the tightening has come from Ireland rates falling, with the other half coming from Germany drifting.
• The big question is what's driving the tightening of the range; the increase in the likelihood of a banking solution benefiting the Irish economy (NAMA) which is the biggest single factor in the Irish balance sheet in 2009 and beyond, the "hair-shirt" Irish budget? Or is it simply a tightening of yields due to increased risk appetite in the financial markets?
With a 33% plus rally in the US stock market since the lows of March, coinciding with a vast tightening in the bond market, it is obvious that there is a link between increased risk appetite and the tightening of the periphery economies. We can see this in the equity market with companies with the worst balance sheets rising fastest. The "chase for trash" has seen cyclical stocks produce an 80% rally against a 33% move in the overall market.

[6lucky] 27/5/2009 22:25

My rule is
buy when the world is fearfull and sell when the world gets greedy.
ISEQ at it's current level has discounted everything .
So I am feeling ever so confident that the only way for some
high quality stocks in ISEQ is up.
Be selective and one would be rewarded for the patience.

[lbo] 27/5/2009 21:02

Luck Of The Irish

[lbo] 21/5/2009 16:24

Sales still fall despite motor pick-up

[lbo] 19/5/2009 22:41

Poor outlook for property market, Moody's warns



The Irish property market shows no signs of improving, following a rise in delinquencies of residential mortgage-backed securities in the first quarter, Moody's said yesterday. "In the context of Ireland falling into a recession with no signs of early recovery, performance is likely to deteriorate further," the credit agency said. Equity cushions gained on the past few years' rapid house price growth are shrinking as the recession bites and unemployment rises, it said. The Irish economy is expected to contract by 8.4% in 2009 and 4.5% in 2010. Ireland's AAA credit rating is also under review

[lbo] 11/5/2009 23:32

Since peaking at more than 10,000 in February 2007, the Iseq index of Irish shares has fallen spectacularly from grace and now languishes below the 3,000 mark.










The largest 25 companies in Dublin's Iseq index paid out just €1.05bn in dividends in 2008, down 56pc from a record €2.42bn payout bonanza the previous year, according to an analysis by the Irish Independent

the Iseq plunged 80pc. The market is now worth just €34bn.



The Iseq has been one of the worst performing stock exchanges in the world over the past two years while its Swiss equivalent has been among the best. The Swiss Market Index is valued at 22.9 times the profits of its member companies, two times that of the MSCI World Index, and four times that of the Iseq.



What are they worth? - Share price performance 2008

[lbo] 08/7/2008 21:54

From a high two years ago, the property market collapse represents a loss in wealth of about €250bn, while the stock market crash equates to a wealth loss of almost €100bn.

One chunk represents, simply, the fall in the capitalisation of Irish equities, that is their market value over the past two years, the market at its high two years ago. This amounted to nearly €100bn

ISEQ slumps 4% as banks hammered


Dublin's ISEQ index of Irish shares has closed at its lowest level since November 2003, losing more than 4% of its value as bank shares continued to take a beating.

The ISEQ ended down 199 points at 4,660, wiping €2.5 billion off the value of shares.

[koata] 29/12/2001 22:17

i would tip riverdeep