ITM Power

Key strategic partnerships power the growth profile

ITM Power is a pureplay manufacturer of electrolysers, which are used to produce hydrogen from renewable energy and water. It is central to the energy transition. Key strategic...

FBD Holdings

FY 2020 preview

FBD will release FY 2020 results on February 26th. The conclusion of the Business Interruption (BI) case should enable FBD to provide greater clarity on the impact; we expect an...

Aircraft leasing

Time for fight and flight in the aircraft leasing sector

Aircraft impairments, rent deferrals, travel restrictions and so on. There is no lack of negativity affecting the aircraft leasing space; however, behind the noise, there are lessons for...

Irish economy

Minister for Housing focused on supply

At our event yesterday (February 16th), the Minister for Housing laid out a multi-year vision of collaboration between government, private sector and local councils to bring about a...

Kingspan Group

No doubts about 2020 resilience but other issues to address

Kingspan has been in the spotlight recently and upcoming results provide a platform to address issues that have emerged. The results themselves should be highly impressive in demanding...

DCC

More than the sum of its parts

DCC is a unique asset, a true ‘compounder’, with an almost three- decade track record of resilient and growing cash flow. As we outline in this report, we believe all the principal...

Irish economy

Ireland’s positive credit cycle should re-emerge post-COVID

In 2019, bank lending to Irish households and companies expanded for the first time after more than a decade of deleveraging. COVID has delayed this inflection point, but housing market...

Irish banks

Green shoots

Positive catalysts have been largely overshadowed in the Irish banking market for some time – we believe this is about to change as the economy emerges from lockdown, certainty is...

Euro Building materials

The Green Wave – a multi-year opportunity for the building products sector

The EU Commission last year launched a strategy to stimulate a significant acceleration in the renovation of Europe’s energy deficient buildings. Similar action now seems likely in the US...

Airlines

Sky darkest before dawn – sun set to rise for short-haul summer

Europe is in lockdown; fear pervades; and airline booking levels are opaque. We look further out, however, and are optimistic about the point-to-point leisure market reawakening just in...