Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Can we expect irish Ferries to take over part or all of the operation of routes / responsibilities of re hiring same staff etc,
Realise its been a loss maker for p n o but ICG would need subsidies with all sorts of port access rights from Westminister to ensure continuity of UK trade both inwards and outwards. After a specific trial period and after a costs analysis , ICG could either take it on Full time or withdraw to its original format
Any views ?
Hi all, just giving a second and final push to my blog about Irish Continental Group, which I'm a shareholder in. https://tbifund.wordpress.com/2021/11/13/icg-ir5b-id-plain-sailing/
Hi everyone, I've written a blog on ICG, which I am a shareholder in, that may be of interest to you. The blog can be read here: https://tbifund.wordpress.com/2021/11/13/icg-ir5b-id-plain-sailing/
wIith business and travel recovering fast this is ideally positioned to benefit and a takeover prospect to boot. Buy and sit back IMO.
Change in currency........
https://www.lse.co.uk/rns/ICGC/change-in-currency-8211-london-stock-exchange-edommrtniz5xbuz.html
I was watching this BB yesterday and was shocked that there were nobody Posting on here. The SP is still the same as the close of business yesterday but it did appear to go up 8000% yesterday. There was not any Consolidation so I am rather confused.
Think someone moved the decimal place by accident and then promptly put it back :-)
wow up over 8000% whats the deal
Are we about to have another Take -Over round similar to the one in recent years
Despite general pre -Brexit deal share turbulance - ICG has not just stabilised but in increased ! Think this is definitely one to watch
whilst the current SP is disappointing it's hardly sinking. I expect 2019 to a be a bumper year and with the suspension of services ex-Rosslare and the long awaited WBY coming into service ex-Dublin, it will be very interesting to see the impact on revenue and margins? There is also the new ship due in 2020 to service Dublin-Holyhead. All things considered, I believe the current SP represents a good buying opportunity.
It appears this is sinking like the WB Yeates ship that is still under construction 6 months or so after it was to be delivered. Thought this was the safest and best value stock when it was €4.80 almost 2 years ago. It did rise to €6 and this evening is back to €4.20. Management need to update us fast and not wait for next weeks results to do so with definitive position on large WB Yeates Investment. What has gone wrong? Who knows what? Who is Selling. Don't blame Brexit, nothing to do with it. Oil price has even fallen which suits. Insider dealing?????. Management should have kept market updated on a monthly basis re ship delivery.
Sail away :) Great company with a great management team supporting first class stewardship from Mr E.R.
Debt free company with good business model. Invest and enjoy the steady rise over time
Are we expecting an Interim Management Statement on Monday? 11th November last year. Oil price still low, so profits should be secure
Last year these were announced on 27th August Nothing in the financial Diary for this year yet
Final results due to be announced this coming Monday. I expect significantly higher bottom line figures due to lower fuel costs Remember Eamonn Rothwell spent over €1m in mid December buying at €5.30
Energy (oil) costs are very significant in ICGC but the share price does not appear to have factored the very significant reduction - and forecast further reduction- into the underlying profits. Final results due at beginning of March. Would be surprised if there weren't a significant up-lift in the SP before then
RNS...... Revenue up 9.5% to €143.1 million EBITDA up €11.5 million RoRo freight volumes up 11.5% Cars carried up 7.1% in the period Net Debt down to €33.7 million from €61.3 million at 31 December 2014 Interim dividend 3.638 cent, up 5.0%
With a little bit of a downturn in last 2 months should we be worried. With the latest trading results out and not indicating not much reason for concern,cant just put my finger on things. Come on Wexboy,give us the benefit of your knowledge,or anyone else for that matter.
2014 – The Great Irish Share Valuation Project (Part VII) I take a look at Irish Continental Group, plus a batch of other Irish stocks: http://wexboy.wordpress.com/2014/04/07/2014-the-great-irish-share-valuation-project-part-vii/ Cheers, Wexboy
Pardon the pun but as the saying 'a rising tide lifts all boats' Messrs Rothwell & Co are doing a tremendous job with ICG and I can only sit back and admire the sterling company performance which is reflecting well on SP. All aboard and let's sail the waves.
H113 results reported on 29 August. Passenger volumes were down 4.2% but yields were up 1.8%. Freight Ro- Ro volumes were up nearly 8% but yields down by 3.5%. Freight Container volumes were up 11.3% but yields down 3%. Fall in Freight yields appears to reflect unfavourable move in GBP/Euro exchange. Finally, port lift volumes were down 3.5% and yields down by 2%. Overall costs were relatively stable. Ferries generated EBIT of Euro4mlm and Container & Terminal Euro2.4mln to give Group EBIT of Euro6.4mln. ICG should generate an average Free Cash Flow of 10% and provide a 2013 dividend yield of around 4% at current SP. Moreover there is scope for some Special Dividends because the future capex needs are low. This share looks reasonably supported at the current SP of circa Euro24. But - as always - DYOR!
ICG announced on 12 April that the current charter of its vessel "Kaitaki" to Interliner is extended for a further 4 years until June 2017 at the higher rate of Euro3.75m/pa (previously Euro2.85m/pa). This secures increased revenue and improves the cash stream for the next 4 years. The Free Cash Flow is about 11% and that should go into the dividend given low near term capex.
Group revenue was €256m with Ferries & Travel at €160m and Container & Terminal held down to €96m because of lower container volumes offset by slightly better pricing. The total fuel bill came in at €53m and non-fuel costs were €176m due to higher port and charter costs. Consequently, operating profit from continuing operations was €26.5m. Net Debt was €116m due to the share buy back done in 2012. That should reduce to circa€95m by end 2013 as Free Cash Flow (FCF) is circa10%. The FY dividend is maintained at 100cent but has room to grow with this level of FCF and any improvement in volumes should flow through to the bottom line if pricing and fuel costs maintain their current levels. The share trades at circa€20 and should be well supported at this level by the Dividend Yield (c5%) and stable FCF (c10%) with the potential for further advance in Operating Profit as economic conditions in Ireland improve.
2013 – The Great Irish Share Valuation Project (Part II) I take a look at Irish Continental Group, plus a batch of other Irish stocks: http://wexboy.wordpress.com/2013/01/30/2013-the-great-irish-share-valuation-project-part-ii/ Cheers, Wexboy