Member Info for johnmcclean

Qe is going to leave shares, especially good dividend paying ones, difficult to predict this year. In a normal year we could see a drift back below 25.. This year will be different but might be worth your while keeping tabs on it for a dip back in on any sudden dips. Anything close to 20 would be well worth a few pound.

Going ex dividend today. That might explain some of the buying. We could easily fall back a bit from here after today.

I think at 30 we may well be in over done territory but markets can defy logic by times. This was way undervalued last year to the point of frustration but thankfully when the tide turned it turned big time. The only news yesterday was that the European pmi was well up and orders are pouring in. All these orders need packaging. Its possible future growth is been priced in. Are you familiar with Glanbia on the Dublin exchange. I bought them at €2.50 the same day I bought SKG at €7.40 in 2009. I sold glanbia a €8 because I thought that it. With a pe heading for 20 they were in over bought territory. Today the are over €17.70 with a pe of 30 and still going. It was a good lesson. Even at over 300% profit in SKG I'm hanging in here. I will review this time next year as eu qe is at the mid point. QE is going to distorted the market with unpredictable results.

Packaging companies across Europe have been announcing product price increases. Making them stick will be the test. Its possible that skg or one of its peers have been successful this month and all will benefit. The weak euro has halted US competition in Europe and more price increases in the region of €40 to €60 a tonne is on the cards. To a cash generating company like skg this is going to improve their bottom line nicely.

I think we have caught up with fair value now. However, the trend and momentum is still strong so maybe a bit more wouldn't be a surprise.

obviously some big news out at 4 o clock judging by the way this took off. shot up 7% in 30mins.

Now that the debt is gone inm will be able to make acquisitions again. I wonder will they look to radio as apn have. Radio is what has driven their growth and its a big interest of Dob's. Competition might be a problem though.

Debt yesterday was €90 million. That leaves 30million less tax in the kitty. Interest repayments were 6mil in 2014 so 40mil should be the net profit 2015 after this. A lot of charges against the apn holding in the accounts in 2014 as well. Interesting.

Well that explains all the buying a couple of weeks ago. €121mil is (was) half the market cap of inm. There should be a few million left after all the debt is cleared. Dividend a real possibility now. There going to have profits of €40mil plus with limited spending opportunities. Anyone do the exact figures yet.

Happy to see the price finally make a move up. Results seem to have been well enough received. I haven't the time just now to go through the report but over the weekend hopefully I will. At a glance the old problem still remains, print is in decline with cost cutting continuing to prop up profits. Nice rise in online revenue but still miles off replacing traditional streams. Debt reduced but still on the high end. I'm a bit disappointed with the revenue from traditional advertising. Judging by what I see in the papers with the supplements I expected that to be better. If volume is up pricing must be lower. I suppose that's the problem with falling sales, you have to charge less for ads as eyeballs decrease. Still at least things have stabilised so might get out with a bit (a very small bit) of dignity yet

There would have been a cut off date for the rights issue but not really to exclude investors. More for opperational reasons. The rights issue was announced in september but the qualifying date was much later. Investors had time to buy if they wished before the 15th of December 2009 issue date. 59 for 50 I think. I foolishly participated at the time.

Big buys continuing in Dublin. I'm getting interested in this one again.

someone is for sure. Using CFD's i expect as well.

results not until next week. obviously some news has got out though. can they afford a dividend???

Just to mark the day. probably bounce around here for a while. long term target is now €28.

Very good results. Even after the great run there's more in the tank here. There might be some profit taking for a while but €25 not unrealistic soon.

Not a very active forum here but for anyone looking in and thinking of investing in skg I would say do it. A very sound business with an excellent cash flow ready to take big steps forward this year. This is a share to put in the basket and leave there for the next 10 years.

This time last year I was full of hope for a recovery in inm. A few hours going through the annual report when it came out made me realise there was no chance of a miracle here and as expected we finish closer to 10c than 20c. I will have to read the 2014 report to see if any real progress happen last year but to be honest I'm not hopeful. At this moment I just don't see a whole lot of up side. Digital will grow as will ad revenue but not at a fast enough pace to replace loss of revenue from hard copy sales. Unless one of the other big players folds inm market share will continue to fall. On thet last point. I am reading Michael Smurfitt's autobiography at the moment and he made an interesting point in relation to a US business he owned. It was in a dieing market but as the last man standing in that marketplace the business was extremely profitable in its final few years before closing down. Inm is unlikely to close down but as a last man standing it could actually make a lot of cash before some kind of rationalisation of how media is delivered. A bit down the road maybe but who knows.

Nothing wrong with their reasoning. I suspect plenty will be heading for safe havens. There's a lot of uncertainty out there. On Venezuela. Its more or less gone. Bankruptcy a near certainty at this stage.. even though its been well flagged and probably in the price all ready there may be a bit ok a back lash against any companies involved there when the inevitable happens. No issues with their views on Europe either. Deflation is almost certain here and growth is completely stalled. There again thats no surprise. Prices will be under pressure for 2015. However they will be less detrimental because of the collapse in oil prices. Skg's costs are going to have huge savings because of oil in 2015. Possibly longer as they hedge forward. Packaging is on of the big winners when oil is cheap. All in all if you want a safe place cash is the only place these days. If I needed the funds invested in skg I would definitely consider selling. I'm up 160% so maybe I'm even been greedy. But I am happy here for the long term. This is one of the companies you dream about investing in. Solid on all fronts with serious cash generation possibility. Definitely one for the long haul.

Smurfit Kappa Credit where it is due Both Moody’s and Fitch have upgraded Smurfit Kappa’s credit rating. Moody’s has increased the rating to “Ba1” from “Ba2” and Fitch has upgraded its rating to “BB+” from “BB”. These ratings are the highest “non-investment grade” ratings possible and are exactly in line with those targeted by the company. The Group CFO noted that the progress on this front reflects its consistent operational performance and free cash flow generation through the cycle supported by geographical diversity and focus on cost efficiencies. It is encouraging to see the strong progress made by Smurfit Kappa recognised by the ratings agencies. In addition, it is interesting to note that the company has achieved its stated credit ratings target in advance of a period in which we expect significant cash flow generation highlighting the firepower at the company’s disposal for capital allocation.