Feb 24 2021
Recent Research
AIB Group, FY 2020 preview
Feb 24 2021
Glanbia, EPS ahead as cash generation impresses
Feb 24 2021
permanent tsb Group, FY 2020 preview
Feb 24 2021
Bank of Ireland, FY 2020 preview
Feb 24 2021
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...
