I have to say I like Cambell Claret, then and now. The spinning he did for war-mongerer Blair was very clever. His current journey combatting depression so publicly is brave. Being a Scot, the one thing he doesn’t do on RTE radio interviews is refer to Ireland as ‘we’, or ‘here’ like other British politicians do on Irish media.
Andrew
Campbell is a narcissistic, phoney lightweight. Utterly contemptible character. No wonder they love him on Irish media and he loves them. He doesn’t ever get asked any hard questions here and he knows the interviewer here hasn’t a clue.
I think the difference is in investigating, reporting and then dealing with the issues, as opposed to, for example, lying and covering up the abuse, abandonment or selling of children while using spin doctors to “control the narrative” for decades.
Still though, I would have thought the irony alone would have made it an attractive story which suggests either no-one cares or billionaire newspaper owners would rather you didn’t think about it at all.
MaryLou's ArmaLite
Amnesty is far too concerned with virtue signalling and funding to worry about people.
eoin
Next time that chugger stops you on O’Connell Street seeking a direct debit, remember, you’re not just paying the chugging company what the Mail claimed was around €400 per direct debit sign-up, but you are now funding what the London Times yesterday said are “generous” redundancies of senior management at Amnesty who are responsible for a “toxic” workplace environment.
f_lawless
AI’s track record has long exposed them as a soft power tool of the Western globalist cabal, used to sway public opinion when needed. Having to bend the will of the honest people working there would lead to a toxic, bullying work culture, I would imagine
bisted
…oh, Amnesty International…phew…for a minute there I thought you meant the local franchise…
rotide
Nowt to do with the papers, but a very interesting twitter thread on all our favorite journalist
most of the time I’m left wondering if that’s really her putting out all that stuff, whatever your beliefs its so much child-like nonsense (that nonsense of course only really has any possibility of infecting someone who spends their day & night with a social media device attached to their hand & are very very easily led)
I found that time tracking aspect very interesting, I too am surprised there isn’t “an app for that” to negate the bellingcat-esque work involved to correlate the info, would seem like such an important tool to exist.
one aspect I don’t see getting much of a look at though regarding the mystery is MON€Y
like, how much would it cost to run very unsuccessful 1) a presidential campaign 2) EU campaign and just spend your days putting out guff on chitter & friendface?
like everyone else there’s bills to pay & it doesn’t grow on trees
does she come from serious money? or does this whole show here pay the bills? is Gemma simply a well paid actress?
Brother Barnabas
thanks rotide
Janet, I ate my avatar but I'm trying to stop
very thoughtful, I wonder has grief unhinged her
martco
well I would prefer to think that’s why
you’re 100% correct about grief over the loss of someone close, it can definitely interfere with how we process life
Janet, I ate my avatar but I'm trying to stop
ok interesting read then, odd that my comment got moderated it was meant with sympathy,
grief can do funny things to people
Bertie Theodore Alphege Blenkinsop
That’s quite the journey.
Owen C
Its interesting that this suggests radicalization rather than some sort of mental illness, as the issue. I think we only see radicalization as happening to Muslim terrorists, where as it could be happening in slightly more benign circumstances with many different concerning political ideologies.
millie st murderlark
Great link Rotide.
Very informative but paints a very sad picture of Gemma, no matter how you read it.
Lash me
Hello Maria Bailey
Lilly
There’s alt right and there’s basic decency. Gemma O’D is hugely irresponsible at best. I came across this Tweet of hers recently that contains a clear implication of wrongdoing on the part of a deceased solicitor.
It subsequently transpired that the man’s wife – also a solicitor – was struck off for jiggerypokery but he was not implicated in any way. If this is Gemma’s idea of journalism, she needs to cop on.
Sounds like Danny ‘supportive of women’ Boy already has pre-conceived notions of O’Doherty and just wants a lab-rat to study.
Lash me
Speculative gibberish
Let me guess you’re just asking questions?
jusayinlike
your ma
GiggidyGoo
Whaaaaaat? Two FFers dumped off their pedestals by Mick Wallace and Clare Daly.
There’s hope for this country still.
dav
frances fitzgerald topped the poll – there is still a long way to go..
GiggidyGoo
I believe that Clare Daly topped the poll in the end.
Clare Daly 24.12%
Fitz 21.59%
Cuffe 20.07%
Andrew’s 19.95%
Cian
I’m not sure if you don’t understand how voting works, or if you are taking the piss.
GiggidyGoo
Are my figures incorrect then Cian? When the four candidates total votes are counted?
Cian
Yes. You aren’t comparing like with like.
On count 14 there were 22,443 potential transfers shared between the last 5 candidates. Frances got 6,134 (27%)
On Count 15 there were 35,510 potential transfers shared between the last 3 candidates. Neither Frances (nor Ciaran) were eligible to claim any of these.
On Count 16 there were 51,632 potential transfers shared between the last 2 candidates. Neither Frances (nor Ciaran) were eligible to claim any of these.
Clare’s final tally included 86,000 more potential votes because Frances (and Ciaran) stopped getting more once they hit their quota.
Owen C
Also – surpluses going FROM Fitz/Cuffe TO Daly
GiggidyGoo
Cian. Statistics can be read in many different ways. Ask Eoghan Murphy.
Rob_G
I can’t believe it, he’s actually doubling-down!!
SB
Glad of that, but to be fair, she only topped the poll because she had transfers included in that figure, whereas Cuffe (and Firzgerald, to a lesser extent) didn’t.
GiggidyGoo
Transfers are votes too. FitzGerald got more number 1’s. and was in before Daly. But in overall votes Daly overtook FitzGerald.
Owen C
Aren’t part of Daly’s votes some of Fitz’s (and Cuffe’s) surpluses? So there’s a double count involved (even before the whole transfer issue which sees Daly get transfers that would otherwise have gone to Cuffe and Fitz, as well as non-transferable ones which would have gone to Cuffe and Fitz but ended up going to no one). This is why the Daly “total votes” is meaningless for comparable purposes.
Vanessa the Holy Face of Frilly Keane
Hi Gigs
The only total poll figs there that are 100% representative of the Total Valid Votes cast are Clare Daly’s and Barry Andrews’
As they got full advantage of surpluses and transfer distributions
Whereas Cuffe and Francie didn’t
The Count Centre stops allocating votes for candidates that have already been deemed elected, even if they have collected even more transfers as the counting continues
That’s why you see a different number distributed that what is available to distribute
On a side note
Seriously now
Has anyone ever seen transfer levels like Mick is getting down there is South
Incredible stuff
Anyone?
ReproBertie
Ciaran Cuffe received the most number 1s and was first elected in Dublin so how did Fitzgerald top the poll?
Stan
I do wonder how effective Clare and Mick think they will be in Strasbourg? Both will be a loss to the Dail
Brother Barnabas
both will be a massive loss
I’d bet too that both would have pulled a lot higher if hadn’t been for fact that a lot of their supporters didn’t vote for them precisely because they don’t want to lose them from domestic politics
Brother Barnabas
polled*
millie st murderlark
+1 Stan.
They are two of our strongest politicians. Here’s hoping they bring their brand of politics to the EU.
According to Barry Roche for the Irish Times at the Ian Bailey “trial” in Paris
“there was an awkward moment when it emerged that the court was told that two of the listed witnesses, Martin Graham and Patrick Lowney were now deceased.”
The French trial of Ian Bailey in absentia is a bit of a circus. Seems to be a lot of hearsay, speculation and iffy deduction presented as evidence. It’s not clear if there will be any Irish witnesses in person, with news yesterday that two planned appearances won’t now happen because the witnesses are now deceased.
God rest Sophie, and fair dues to her family for not letting the killing lie, but I don’t think they’ll be seeing justice from this farce.
Catherine costelloe
God rest Sophie indeed.
GiggidyGoo
Saoirse McHugh has carved out a future for herself in politics I think. But not as a Green Party member. She has firmly said that (if she was elected) she would resign from the GP if they went into Government with FFG.
I’m sure she’s happy to know that Ryan considers her to be an article to place bets on too.
The Green Ripple was far short of being a Wave. Another media makey-uppy label.
jusayinlike
+1
Vanessa the Holy Face of Frilly Keane
The Confidence & Supply lads makey-uppy label
ReproBertie
With 49 council seats (up from 12), 1 MEP and a real possibility of a second the greens did very well out of these elections. It’s hardly their fault that the media hype machine went into overdrive based on a flawed exit poll.
eoin
The evisceration of Irish business journalism is laid bare with Mediahuis publishing key documents in its *proposed* takeover of INM. Nobody has bothered to report them.
INM appears to be indemnifying Mediahuis in its takeover bid to the tune of €1.5m fees. The takeover appears to be funded by ING bank. Given INM is sitting on €80m cash and making €25m profit, the €146m price looks paltry. You’ll see Dermot Desmond and Denis O’Brien signing over 26% of INM’s shares for 10.5c.
What are the shares worth? Were it not for the corporate watchdog and data protection issues at INM, probably €300m+.
Cú Chulainn
Fairly clear what’s happening here.. follow the money.. who benefits.. old dogs, old tricks..
Mezcal
Do tell …
Vanessa the Holy Face of Frilly Keane
‘can’t agree with you on the 300 bar + there for INM
80m cash
Sounds lovely n’all
But that’s not going to go far settling out the data hacks and whathaveyas
In a reducing market place
Falling income
And a weaker by the week product
Only for Leo and his Spin advertising purchases and promises and content
Maria Bailey being the best example
Jaysus knows what would be up for sale
The mast heads are worth a few bob
And plant etc likewise
And that Cash
Nothing else is worth buying
For those liabilities, and contingent liabilities
Not a chance
Owen C
It doesn’t make a €25m profit. Actual figures (Fy17 in brackets) as follows:
Profit before tax before exceptional charges €24.1m (€28.5m)
Exceptional costs €13.8m (€12.1m)
Tax €1.3m (€3.9m)
Profit €9.0m (€12.5m)
And this is an industry which is obviously on a (currently) downward trend. Its also got some pension issues on top of the legal ones. If two of Ireland’s wealthiest and most successful businessmen are selling out, it doesn’t suggest its a paltry amount.
eoin
Don’t know what to say to you about “exceptional items [charges or income]” without sounding condescending.
INM’s unit price increases and cost cutting and growth of their distribution business have offset declining circulation and advertising. Sure, the future looks bleak, but didn’t Richard Bruton throw them all a bone last week about giving them some of the new broadcast charge. And, if a media company like Mediahuis can apparently thrive in a digital era, why not INM? And even in English-speaking countries, some traditional press outfits are doing very well indeed, with growing revenues and circulation.
As for the actions of two of Ireland’s richest men, I seem to recall an allegation being made before the corporate watchdog went in, that INM was run in the interests of its two biggest shareholders. Don’t be as thick as INM pension-holder, hang on for 20c a share.
Owen C
When you have exceptional items constantly appearing (there’s been a large exceptional item in each of the last five years, and in this case a lot of it related to never ending restructuring), they may not really be that “exceptional” and may just be part and parcel of a business undergoing significant business model changes.
Not exactly suggestive that its going to be higher in the future, and quite possibly lower.
This isn’t to say that some media companies can’t succeed, or that INM under Mediahuis can’t succeed, but there’s nothing to suggest that Mediahuis should be paying more than 10c for this particular business as it is currently operating and structured..
eoin
Nearly €0.25 BILLION of Exceptional Income in 2013.
I suppose the Exceptional item can be a charge or income!
There’s stabilisation around €25m profit before exceptionals/tax.
You’d have to be an idiot to accept 10.5c a share. Unless you were getting some additional recompense, financial or otherwise.
Johnny
Is the threat of forced divestiture not hanging over certainly one if not both shareholders,depressing pricing.
Owen C
Most of the 2013 exceptional income is due to debt write down and pension restructure. The point is that this business is in almost never ending flux and so ignoring the exceptional items (as you might ordinarily do) misses half the story (they had an exceptional cost of about €0.3 BILLION in 2012).
If its such a slam dunk presumably there’s lots of international investors snapping up shares in INM at the current share price. Except they aren’t.
Johnny
-excluding the buyer-duh !
eoin
Whiplash causes litigation!
Lynne Kelleher’s syndicated story appears in several newspapers today
“A new study has found 100pc of Irish whiplash patients attending a spine specialist pursued legal action.
The researchers examined all the whiplash cases attending a specialist spine surgeon in Ireland over a 15-year period.”
Cian
Correlation does not imply causation.
Owen C
Also an interesting line within the report: “visits to specialists almost always ended when legal action concluded”
Cian
This report was looking at *one* specialist.
It is possible that people that want to go to court ‘find’ a specialist that is ‘amenable’ to whiplash claim cases.
Litigation causes people to go to this whiplash specialist.
eoin
Well done to the Times Ireland for reporting the old news (see yesterday’s papers comments) that Richard Bruton has awarded an oil/gas exploration licence to China National Offshore Oil Corporation to drill off the Kerry coast.
Maybe someone can look at the role (if any, of course!) of the Ireland China Foundation, prop: Enda Kenny, in all of this.
GiggidyGoo
Sure Kenny is moving, or has moved, to Kerry? He can lead the team down there. Exploring. “I met two Chinese fellows, sharing a pint….”
eoin
The Phoenix appears to be going through some digital growing pains.
Is its new issue out today. Looks like it, there’s a bunch of free-to-read stories on its website now.
He is supposedly the guy who shot the two lads last week. Then he went to the wake, where someone identified him.
Cian
Perhaps the Gardai took his fingerprints and did an Interpol lookup which identified him as a hitman?
GiggidyGoo
Wouldn’t you think that Interpol would have a shared database of known hitpeople? If they did, then wouldn’t this fellow have been picked up on entry to Ireland ?
Cian
Are people fingerprinted on entry to Ireland?
I’ve just realised that your original post was wrong. He wasn’t a hitman. He was a suspected hitman. There may not have been any suspicion until this week. So he arrived as an Iranian.
ReproBertie
He was Iranian and gardaí believe he was a hitman for the Finglas gang. Iranian hitman in this case is a hitman of Iranian descent as opposed to a killer shipped in from Iran.
This is just more of English being a stupid language open to misinterpretation. For example if you say “I never said she stole my money” putting emphasis on a different word every time you say it, the sentence has seven different meanings.
GiggidyGoo
Does that make him an Irishman? Like Halawa?
ReproBertie
As it happens, no. He’s Iranian. He only came to Ireland in his 30’s and I have no idea if he ever applied for citizenship.
What difference does it make and why are you dragging Halawa into it?
GiggidyGoo
Just following your train of thought.
Cian
“Gardaí believe that a man shot dead in north Dublin this afternoon is an Iranian national and suspected hitman.”
RuilleBuille
Those red tops posted here are the English versions – give us the Irish versions!
eoin
Aww, wasn’t it considerate of Eoghan Murphy to delay the publication of the April homeless figures until the local and European polls had ended.
Figures out this morning and guess what, it’s a new record!
10,378 in emergency accommodation at the end of April [excluding around 700 in direct provision whose asylum has been approved but there’s no place for them to live, excluding those in womens refuges maybe 200, and excluding around 3,000 removed from the figures because they’re in traditional housing though without any security of tenure]/
Well done FG, you’re the best. Where’s the FG chair of the housing committee, I’d like to thank Maria personally.
Surprising that X head NAMA’s home building vehicle is not thriving,NAMA by asset stripping Ireland’s developers has left one the biggest and best,developing modern day tenements.The same Irish developer pre NAMA was redeveloping Battersea Power Station,now he’s developing shoe boxes in suburban Dublin-thanks FG and NAMA !
Bet you’d like to go round to her house too with a pitchfork wielding mob, right?
Johnny
The NYT has a series called Promises Made-can you imagine it in Ireland :)
This one is on Grenfell Tower in London-“-Grenfell exposed a broken system of building safety, where lax construction regulation let developers “race to the bottom,” according to a government-ordered review conducted after the disaster” https://www.nytimes.com/2019/05/29/world/europe/grenfell-tower-fire.html?smid=nytcore-ios-share
I have to say I like Cambell Claret, then and now. The spinning he did for war-mongerer Blair was very clever. His current journey combatting depression so publicly is brave. Being a Scot, the one thing he doesn’t do on RTE radio interviews is refer to Ireland as ‘we’, or ‘here’ like other British politicians do on Irish media.
Campbell is a narcissistic, phoney lightweight. Utterly contemptible character. No wonder they love him on Irish media and he loves them. He doesn’t ever get asked any hard questions here and he knows the interviewer here hasn’t a clue.
+1
The scandal at Amnesty didn’t make the front pages https://www.bbc.com/news/uk-48431652
I think the difference is in investigating, reporting and then dealing with the issues, as opposed to, for example, lying and covering up the abuse, abandonment or selling of children while using spin doctors to “control the narrative” for decades.
Still though, I would have thought the irony alone would have made it an attractive story which suggests
either no-one cares orbillionaire newspaper owners would rather you didn’t think about it at all.Amnesty is far too concerned with virtue signalling and funding to worry about people.
Next time that chugger stops you on O’Connell Street seeking a direct debit, remember, you’re not just paying the chugging company what the Mail claimed was around €400 per direct debit sign-up, but you are now funding what the London Times yesterday said are “generous” redundancies of senior management at Amnesty who are responsible for a “toxic” workplace environment.
AI’s track record has long exposed them as a soft power tool of the Western globalist cabal, used to sway public opinion when needed. Having to bend the will of the honest people working there would lead to a toxic, bullying work culture, I would imagine
…oh, Amnesty International…phew…for a minute there I thought you meant the local franchise…
Nowt to do with the papers, but a very interesting twitter thread on all our favorite journalist
https://twitter.com/Care2much18/status/1133299697408462849
Interesting read.
Thanks Rotide.
+1
most of the time I’m left wondering if that’s really her putting out all that stuff, whatever your beliefs its so much child-like nonsense (that nonsense of course only really has any possibility of infecting someone who spends their day & night with a social media device attached to their hand & are very very easily led)
I found that time tracking aspect very interesting, I too am surprised there isn’t “an app for that” to negate the bellingcat-esque work involved to correlate the info, would seem like such an important tool to exist.
one aspect I don’t see getting much of a look at though regarding the mystery is MON€Y
like, how much would it cost to run very unsuccessful 1) a presidential campaign 2) EU campaign and just spend your days putting out guff on chitter & friendface?
like everyone else there’s bills to pay & it doesn’t grow on trees
does she come from serious money? or does this whole show here pay the bills? is Gemma simply a well paid actress?
thanks rotide
very thoughtful, I wonder has grief unhinged her
well I would prefer to think that’s why
you’re 100% correct about grief over the loss of someone close, it can definitely interfere with how we process life
ok interesting read then, odd that my comment got moderated it was meant with sympathy,
grief can do funny things to people
That’s quite the journey.
Its interesting that this suggests radicalization rather than some sort of mental illness, as the issue. I think we only see radicalization as happening to Muslim terrorists, where as it could be happening in slightly more benign circumstances with many different concerning political ideologies.
Great link Rotide.
Very informative but paints a very sad picture of Gemma, no matter how you read it.
Hello Maria Bailey
There’s alt right and there’s basic decency. Gemma O’D is hugely irresponsible at best. I came across this Tweet of hers recently that contains a clear implication of wrongdoing on the part of a deceased solicitor.
It subsequently transpired that the man’s wife – also a solicitor – was struck off for jiggerypokery but he was not implicated in any way. If this is Gemma’s idea of journalism, she needs to cop on.
https://mobile.twitter.com/gemmaod1/status/948334391448698881?lang=en
Sounds like Danny ‘supportive of women’ Boy already has pre-conceived notions of O’Doherty and just wants a lab-rat to study.
Speculative gibberish
Let me guess you’re just asking questions?
your ma
Whaaaaaat? Two FFers dumped off their pedestals by Mick Wallace and Clare Daly.
There’s hope for this country still.
frances fitzgerald topped the poll – there is still a long way to go..
I believe that Clare Daly topped the poll in the end.
Clare Daly 24.12%
Fitz 21.59%
Cuffe 20.07%
Andrew’s 19.95%
I’m not sure if you don’t understand how voting works, or if you are taking the piss.
Are my figures incorrect then Cian? When the four candidates total votes are counted?
Yes. You aren’t comparing like with like.
On count 14 there were 22,443 potential transfers shared between the last 5 candidates. Frances got 6,134 (27%)
On Count 15 there were 35,510 potential transfers shared between the last 3 candidates. Neither Frances (nor Ciaran) were eligible to claim any of these.
On Count 16 there were 51,632 potential transfers shared between the last 2 candidates. Neither Frances (nor Ciaran) were eligible to claim any of these.
Clare’s final tally included 86,000 more potential votes because Frances (and Ciaran) stopped getting more once they hit their quota.
Also – surpluses going FROM Fitz/Cuffe TO Daly
Cian. Statistics can be read in many different ways. Ask Eoghan Murphy.
I can’t believe it, he’s actually doubling-down!!
Glad of that, but to be fair, she only topped the poll because she had transfers included in that figure, whereas Cuffe (and Firzgerald, to a lesser extent) didn’t.
Transfers are votes too. FitzGerald got more number 1’s. and was in before Daly. But in overall votes Daly overtook FitzGerald.
Aren’t part of Daly’s votes some of Fitz’s (and Cuffe’s) surpluses? So there’s a double count involved (even before the whole transfer issue which sees Daly get transfers that would otherwise have gone to Cuffe and Fitz, as well as non-transferable ones which would have gone to Cuffe and Fitz but ended up going to no one). This is why the Daly “total votes” is meaningless for comparable purposes.
Hi Gigs
The only total poll figs there that are 100% representative of the Total Valid Votes cast are Clare Daly’s and Barry Andrews’
As they got full advantage of surpluses and transfer distributions
Whereas Cuffe and Francie didn’t
The Count Centre stops allocating votes for candidates that have already been deemed elected, even if they have collected even more transfers as the counting continues
That’s why you see a different number distributed that what is available to distribute
On a side note
Seriously now
Has anyone ever seen transfer levels like Mick is getting down there is South
Incredible stuff
Anyone?
Ciaran Cuffe received the most number 1s and was first elected in Dublin so how did Fitzgerald top the poll?
I do wonder how effective Clare and Mick think they will be in Strasbourg? Both will be a loss to the Dail
both will be a massive loss
I’d bet too that both would have pulled a lot higher if hadn’t been for fact that a lot of their supporters didn’t vote for them precisely because they don’t want to lose them from domestic politics
polled*
+1 Stan.
They are two of our strongest politicians. Here’s hoping they bring their brand of politics to the EU.
This guy should be a natural ally – proud that he’s my new MEP for Yorks and Humber
https://www.theguardian.com/uk-news/video/2019/may/27/hope-is-all-weve-got-magid-magid-unlikely-journey-green-mep-video
Reckon he’d have more in common with Clare, Mick and Ming than with Chem Cuffe an’anyway
Wallace needs the money.
According to Barry Roche for the Irish Times at the Ian Bailey “trial” in Paris
“there was an awkward moment when it emerged that the court was told that two of the listed witnesses, Martin Graham and Patrick Lowney were now deceased.”
The French trial of Ian Bailey in absentia is a bit of a circus. Seems to be a lot of hearsay, speculation and iffy deduction presented as evidence. It’s not clear if there will be any Irish witnesses in person, with news yesterday that two planned appearances won’t now happen because the witnesses are now deceased.
God rest Sophie, and fair dues to her family for not letting the killing lie, but I don’t think they’ll be seeing justice from this farce.
God rest Sophie indeed.
Saoirse McHugh has carved out a future for herself in politics I think. But not as a Green Party member. She has firmly said that (if she was elected) she would resign from the GP if they went into Government with FFG.
I’m sure she’s happy to know that Ryan considers her to be an article to place bets on too.
The Green Ripple was far short of being a Wave. Another media makey-uppy label.
+1
The Confidence & Supply lads makey-uppy label
With 49 council seats (up from 12), 1 MEP and a real possibility of a second the greens did very well out of these elections. It’s hardly their fault that the media hype machine went into overdrive based on a flawed exit poll.
The evisceration of Irish business journalism is laid bare with Mediahuis publishing key documents in its *proposed* takeover of INM. Nobody has bothered to report them.
https://mediahuis.be/en/company/recommended-cash-offer/documents/
INM appears to be indemnifying Mediahuis in its takeover bid to the tune of €1.5m fees. The takeover appears to be funded by ING bank. Given INM is sitting on €80m cash and making €25m profit, the €146m price looks paltry. You’ll see Dermot Desmond and Denis O’Brien signing over 26% of INM’s shares for 10.5c.
What are the shares worth? Were it not for the corporate watchdog and data protection issues at INM, probably €300m+.
Fairly clear what’s happening here.. follow the money.. who benefits.. old dogs, old tricks..
Do tell …
‘can’t agree with you on the 300 bar + there for INM
80m cash
Sounds lovely n’all
But that’s not going to go far settling out the data hacks and whathaveyas
In a reducing market place
Falling income
And a weaker by the week product
Only for Leo and his Spin advertising purchases and promises and content
Maria Bailey being the best example
Jaysus knows what would be up for sale
The mast heads are worth a few bob
And plant etc likewise
And that Cash
Nothing else is worth buying
For those liabilities, and contingent liabilities
Not a chance
It doesn’t make a €25m profit. Actual figures (Fy17 in brackets) as follows:
Profit before tax before exceptional charges €24.1m (€28.5m)
Exceptional costs €13.8m (€12.1m)
Tax €1.3m (€3.9m)
Profit €9.0m (€12.5m)
And this is an industry which is obviously on a (currently) downward trend. Its also got some pension issues on top of the legal ones. If two of Ireland’s wealthiest and most successful businessmen are selling out, it doesn’t suggest its a paltry amount.
Don’t know what to say to you about “exceptional items [charges or income]” without sounding condescending.
INM’s unit price increases and cost cutting and growth of their distribution business have offset declining circulation and advertising. Sure, the future looks bleak, but didn’t Richard Bruton throw them all a bone last week about giving them some of the new broadcast charge. And, if a media company like Mediahuis can apparently thrive in a digital era, why not INM? And even in English-speaking countries, some traditional press outfits are doing very well indeed, with growing revenues and circulation.
As for the actions of two of Ireland’s richest men, I seem to recall an allegation being made before the corporate watchdog went in, that INM was run in the interests of its two biggest shareholders. Don’t be as thick as INM pension-holder, hang on for 20c a share.
When you have exceptional items constantly appearing (there’s been a large exceptional item in each of the last five years, and in this case a lot of it related to never ending restructuring), they may not really be that “exceptional” and may just be part and parcel of a business undergoing significant business model changes.
Also, ignoring the exceptional charge, here’s operating profit trend:
2016 40.2
2017 27.5
2018 23.6
Not exactly suggestive that its going to be higher in the future, and quite possibly lower.
This isn’t to say that some media companies can’t succeed, or that INM under Mediahuis can’t succeed, but there’s nothing to suggest that Mediahuis should be paying more than 10c for this particular business as it is currently operating and structured..
Nearly €0.25 BILLION of Exceptional Income in 2013.
https://www.inmplc.com/~/media/Files/I/INM/investor-docs/reports-and-presentations/inm-plc-2013-annual-report.pdf
I suppose the Exceptional item can be a charge or income!
There’s stabilisation around €25m profit before exceptionals/tax.
You’d have to be an idiot to accept 10.5c a share. Unless you were getting some additional recompense, financial or otherwise.
Is the threat of forced divestiture not hanging over certainly one if not both shareholders,depressing pricing.
Most of the 2013 exceptional income is due to debt write down and pension restructure. The point is that this business is in almost never ending flux and so ignoring the exceptional items (as you might ordinarily do) misses half the story (they had an exceptional cost of about €0.3 BILLION in 2012).
Operating profits haven’t stablised yet. They’re -14% y/y.
If its such a slam dunk presumably there’s lots of international investors snapping up shares in INM at the current share price. Except they aren’t.
-excluding the buyer-duh !
Whiplash causes litigation!
Lynne Kelleher’s syndicated story appears in several newspapers today
“A new study has found 100pc of Irish whiplash patients attending a spine specialist pursued legal action.
The researchers examined all the whiplash cases attending a specialist spine surgeon in Ireland over a 15-year period.”
Correlation does not imply causation.
Also an interesting line within the report: “visits to specialists almost always ended when legal action concluded”
This report was looking at *one* specialist.
It is possible that people that want to go to court ‘find’ a specialist that is ‘amenable’ to whiplash claim cases.
Litigation causes people to go to this whiplash specialist.
Well done to the Times Ireland for reporting the old news (see yesterday’s papers comments) that Richard Bruton has awarded an oil/gas exploration licence to China National Offshore Oil Corporation to drill off the Kerry coast.
Maybe someone can look at the role (if any, of course!) of the Ireland China Foundation, prop: Enda Kenny, in all of this.
Sure Kenny is moving, or has moved, to Kerry? He can lead the team down there. Exploring. “I met two Chinese fellows, sharing a pint….”
The Phoenix appears to be going through some digital growing pains.
Is its new issue out today. Looks like it, there’s a bunch of free-to-read stories on its website now.
https://www.thephoenix.ie
Reports that the man killed in Coolock was ‘an Iranian Hitman’
How so? – Had he a copy of a CV with him? Or if it was known he was a hitman, why was he allowed into the country? If it was known he was a hitman, why wasn’t he under constant surveillance by the Gardai?
https://www.breakingnews.ie/ireland/update-gardai-hunt-for-three-men-in-fatal-shooting-of-iranian-hitman-in-dublin-927233.html
Maybe he was radicalised in direct provision.
Thankfully won’t be bothering anyone anymore.
He is supposedly the guy who shot the two lads last week. Then he went to the wake, where someone identified him.
Perhaps the Gardai took his fingerprints and did an Interpol lookup which identified him as a hitman?
Wouldn’t you think that Interpol would have a shared database of known hitpeople? If they did, then wouldn’t this fellow have been picked up on entry to Ireland ?
Are people fingerprinted on entry to Ireland?
I’ve just realised that your original post was wrong. He wasn’t a hitman. He was a suspected hitman. There may not have been any suspicion until this week. So he arrived as an Iranian.
He was Iranian and gardaí believe he was a hitman for the Finglas gang. Iranian hitman in this case is a hitman of Iranian descent as opposed to a killer shipped in from Iran.
This is just more of English being a stupid language open to misinterpretation. For example if you say “I never said she stole my money” putting emphasis on a different word every time you say it, the sentence has seven different meanings.
Does that make him an Irishman? Like Halawa?
As it happens, no. He’s Iranian. He only came to Ireland in his 30’s and I have no idea if he ever applied for citizenship.
What difference does it make and why are you dragging Halawa into it?
Just following your train of thought.
“Gardaí believe that a man shot dead in north Dublin this afternoon is an Iranian national and suspected hitman.”
Those red tops posted here are the English versions – give us the Irish versions!
Aww, wasn’t it considerate of Eoghan Murphy to delay the publication of the April homeless figures until the local and European polls had ended.
Figures out this morning and guess what, it’s a new record!
10,378 in emergency accommodation at the end of April [excluding around 700 in direct provision whose asylum has been approved but there’s no place for them to live, excluding those in womens refuges maybe 200, and excluding around 3,000 removed from the figures because they’re in traditional housing though without any security of tenure]/
Well done FG, you’re the best. Where’s the FG chair of the housing committee, I’d like to thank Maria personally.
http://rebuildingireland.ie/news/minister-murphys-statement-on-april-homeless-figures-3/
Surprising that X head NAMA’s home building vehicle is not thriving,NAMA by asset stripping Ireland’s developers has left one the biggest and best,developing modern day tenements.The same Irish developer pre NAMA was redeveloping Battersea Power Station,now he’s developing shoe boxes in suburban Dublin-thanks FG and NAMA !
https://www.irishtimes.com/business/construction/glenveagh-executives-shares-plan-criticised-ahead-of-agm-1.3906254
Bet you’d like to go round to her house too with a pitchfork wielding mob, right?
The NYT has a series called Promises Made-can you imagine it in Ireland :)
This one is on Grenfell Tower in London-“-Grenfell exposed a broken system of building safety, where lax construction regulation let developers “race to the bottom,” according to a government-ordered review conducted after the disaster”
https://www.nytimes.com/2019/05/29/world/europe/grenfell-tower-fire.html?smid=nytcore-ios-share
Bob Muller’s first public statement/appearance this morning at 11 am.
It will be carried live on C-Span here.
https://www.c-span.org/video/?461196-1/special-counsel-robert-mueller-make-statement-russia-probe