George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Today is a milestone for SKG SP. This is the 1st time it has passed the initial IPO price in over 6 years. I would suspect there will be some profit taking soon, but good too see it moving north. It did hit an all time high of over €21.00 after its IPO in 2007.
mbig trade....
2013 – The Great Irish Share Valuation Project (Part VIII) I take a look at Smurfit Kappa Group, plus a batch of other Irish stocks: http://wexboy.wordpress.com/2013/03/14/2013-the-great-irish-share-valuation-project-part-viii/ Cheers, Wexboy
Smurfit Kappa Group Buy 07-Nov-12 € 421,999.98 Tony Smurfit 50,000 @ € 8.44 Smurfit Kappa Group Buy 07-Nov-12 € 71,740.00 Ian Curley 8,500 @ € 8.44
Smurfit Kappa Group Sell 07-Nov-12 € 3,553,206.06 Tony Smurfit 420,996 @ € 8.44 Smurfit Kappa Group Sell 07-Nov-12 € 2,017,345.58 Ian Curley 239,022 @ € 8.44 Smurfit Kappa Group Sell 07-Nov-12 € 1,845,237.11 Gary McGann 218,630 @ € 8.44
SKG to acquire Orange County Container Group for US$340m (c. €260m) SKG.I SKG.L Dublin, London | 24th September, 2012: Smurfit Kappa Group plc (‘SKG’ or the ‘Group’) one of the world’s largest integrated manufacturers of paper-based packaging products with operations in Europe and Latin America, announces that it has agreed to acquire Orange County Container Group (the “Business” or “OCCG”) for a total cash consideration of US$340 million (c. €260 million) (the “Transaction”). OCCG is a private corrugated and containerboard manufacturer with operations in Northern Mexico and the Southern United States (“US”). OCCG employs 2,800 people (2,000 of whom are employed in Mexico), and is expected to generate US$53 million of EBITDA for the full year (“FY”) 2012. OCCG’s strong strategic fit with SKG’s existing businesses is expected to deliver at least US$14 million of synergies by the end of year 2. The US$340 million cash consideration will be funded from the Group's existing cash resources. It is anticipated that the Transaction will complete in the fourth quarter of 2012 subject to customary completion conditions and regulatory approval, and is expected to be EPS accretive on completion. Smurfit Kappa Group will host a conference call, for analysts and institutional investors today, 24th September, at 15.00 BST (10.00 ET). Dial in details to access this conference call are set out at the end of this release.
http://www.investegate.co.uk/Article.aspx?id=20120924140000Z5114
Performance Review and Outlook Gary McGann, Smurfit Kappa Group CEO, commented: “We are pleased to report a relatively strong EBITDA of €246 million for the first quarter. Despite significant increases in input costs and downward pressure on box prices in the period, our EBITDA margin of 13.5% reflects the efficiency of our integrated system in Europe. Our Latin American businesses also continued to perform well, contributing to 23% of the Group’s overall EBITDA in the quarter. Basic EPS is 74% up compared to last year, primarily as a result of exceptional gains. Sequentially, both our basic and pre-exceptional EPS declined, largely as a result of a tax credit in the fourth quarter of 2011. Notwithstanding increased working capital levels in the quarter, our net debt to EBITDA ratio was unchanged at 2.7x at the end of March, and well within our objective of remaining below 3.0x through the cycle. In the first quarter, we successfully completed amendments to our Senior Credit Facility, providing us with increased financial flexibility and extended debt maturities to 2016 and 2017. During quarter one, 2012, box demand in Europe was stable compared to the fourth quarter, 2011 levels, and industry inventories reduced. This market backdrop combined with rising input costs allowed SKG to implement price increases for testliner and kraftliner during the first quarter and into April 2012 which should underpin some box price recovery during the second half of the year. For the full year 2012, subject to macro-economic volatility and normal business risk, we expect to deliver an EBITDA performance broadly similar to that achieved in 2011. This will in turn support good free cash flow generation and further de-leveraging, thereby continuing to expand our available range of strategic and financial options. This strong performance expectation is underpinned by our leadership position in packaging innovation and sustainability, our efficient integrated operating system, and our continued financial discipline at all levels of the company.”
Highlights Strong EBITDA of €246 million despite significant cost pressures during the quarter Performance reflects the strength and efficiency of SKG’s integrated system Net debt/EBITDA of 2.7x stable versus year-end 2011 despite increased working capital High input costs and positive supply environment underpin continued pricing progress Expect full year 2012 EBITDA performance broadly similar to that achieved in 2011
http://www.investegate.co.uk/Article.aspx?id=20120504070000Z5388
Hi folks, Just posted Part V of The Great Irish Share Valuation Project, including valuation and some commentary about Smurfit Kappa: http://wexboy.wordpress.com/2012/02/22/the-great-irish-share-valuation-project-v/ Cheers, Wexboy
Gary McGann, Smurfit Kappa Group CEO commented: “The Group is pleased to report a 22% growth in EBITDA for 2010 and a reduction of its net debt to EBITDA ratio to 3.4x. Further meaningful progress on de-leveraging is expected in 2011. Despite continued input cost pressure in the fourth quarter, the Group’s improved earnings and EBITDA margin of 14.7% primarily reflect an ongoing focus on driving operating efficiency, better than expected demand in the period, and further progress on pricing recovery, both in Europe and in Latin America. Current business conditions support continued price recovery with input costs rising and demand remaining strong. Industry inventory levels remain at a satisfactory level and the supply outlook is favourable. These factors, together with SKG’s ongoing cost control initiatives, should deliver further performance improvement and earnings growth in 2011. In that context, the Group currently expects its free cash flow generation to be materially stronger in 2011, which should translate into significant debt paydown, and enhance the available range of strategic and financial options.”
Highlights EBITDA growth of 22% for full year 2010. Quarter four EBITDA margin of 14.7% Net debt to EBITDA ratio reduced from 4.1x to 3.4x in 2010 Strong performance highlights the benefits of the integrated model and focus on operating efficiency Good demand and input cost pressure underpin continued pricing momentum in 2011
http://www.investegate.co.uk/Article.aspx?id=20110209070000Z0472
Earnings for SKG set to trebble for 2011, I'm in ...... Always DYOR of course, GLA
Any potential in these shares? everyone seems to be obessesed with PXS at the moment, i've lost most my money on those damn it ! need something to refresh with