Q4 2018 a period to forget; sticking with our core names; adding Glenveagh Properties and ICG


Ratings and price correct at time of issue

Company Rating Date Previous Rating Date Closing Price
Bank of Ireland OUTPERFORM 11/03/13 Neutral 14/08/12 503c
CRH OUTPERFORM 23/05/12 Neutral 12/01/12 2456c
Dalata Hotel Group OUTPERFORM 09/09/14 Under Review 03/09/14 520c
DCC OUTPERFORM 30/06/09 N/A N/A 6515p
Grafton Group OUTPERFORM 15/12/15 Neutral 07/09/15 700p
IAG OUTPERFORM 31/08/18 Neutral 22/08/17 594.8p
Irish Continental Grp OUTPERFORM 30/08/18 Neutral 19/02/18 450c
Kingspan Group OUTPERFORM 12/05/11 Neutral 30/06/09 3790c
Ryanair Holdings OUTPERFORM 07/12/09 Neutral 02/11/09 1059c
Smurfit Kappa Group OUTPERFORM 30/06/09 N/A N/A 2500c
Glenveagh Properties OUTPERFORM 10/11/17 N/A N/A 79.5c


While the Davy Research Conviction List had a disappointing final quarter in 2018, we believe that all the names on the list still merit inclusion and are significantly oversold. We are adding Glenveagh Properties and Irish Continental Group to the existing list, which includes Bank of Ireland, CRH, Dalata Hotel Group, DCC, Grafton Group, IAG, Kingspan Group, Ryanair and Smurfit Kappa Group.

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Jan 11 2019, 07:00 GMT