Comments for Philip O'Sullivan's Market Musings

Comment on Market Musings 24/8/2012 by davylad

davylad — Thu, 13 Dec 2012 23:23:55 +0000

Hi Philip,Did you see Abbey results for half year. NEARLY DOUBLED. Reading the Board’s comments this year you would have thought the company was doing poorly and you should sell your shares. As you did. Skullduggery??? I think so, a clear case of talk them down, buy them up, take the cash out and hit the beach. Do you think they and their advisors had no idea of the profitability of the company?? As for Davy , well they rate them outperform NOW. But when they advised the independent directors.. DIFFERENT STORY. Gentlemen all. Sow up your pockets.Happy ChristmasDave

Date: Fri, 24 Aug 2012 09:39:30 +0000 To: dpthrowit@hotmail.com

Comment on Market Musings 3/9/2012 by davylad

davylad — Mon, 08 Oct 2012 15:51:45 +0000

Congratulations on the new job Phillip and good luck. I will watch your scribblings with interest. I see you sold Abbey out to Gallagher. Pity. People who know value need to stand up to sharks to protect the innocent. The Phoenix analysis was pretty good but even it missed the fact that recent results were poor because of unnecessary lump sum pension contribution (the fund has a large surplus) as well as the write off in Ireland.The tone of the company’s commentary in the last year has been to talk down its outlook while the rest of the UK industry has rightly been much more upbeat. I wonder why? Nothing to do with Gallaghers intent to buy cheaply, the minority . Who are looking very oppressed at present???. Looking at the Redrow deal and the Persimmon acquisition you would have to conclude that Gallagher has done a poor job of Abbeys strategy in recent times. Sitting on a huge cash pile when sites could be bought well. (Maybe Matthews is buying all the good ones.) However if Gallagher wanted the cash to fund his acquisition of the rest of the company that makes some sense.But is hardly good corporate governance. Still one can rely on the independent directors to protect the minority.Cant one??? Also Irelands largest and finest and upright Stockbroker Davy did a report on the offer (which was pure codswollop) 30 pieces of silver to both. I could go one but I’m not getting paid for it so… Dave

Date: Mon, 3 Sep 2012 10:02:07 +0000 To: dpthrowit@hotmail.com

Comment on Hanging up the keyboard by Geoff Scargill

Geoff Scargill — Sun, 07 Oct 2012 16:10:57 +0000

Hi Philip,

Well you got the job you deserved, thats for sure.

The ‘Market Musings’ will be missed but we’ll keep up through NCB.

Congratulations and well done!

Geoff Scargill

Comment on Hanging up the keyboard by Wexboy

Wexboy — Sat, 06 Oct 2012 16:56:36 +0000

Philip – much thanks – best of luck – a bientot, not adieu – and the first few will be on me! Wexboy

Comment on Hanging up the keyboard by Steve Markus

Steve Markus — Sat, 06 Oct 2012 14:58:19 +0000

Congratulations Philip. A shame you’ll have to stop your independent musings, they’ve always been an interesting read, and insightful. Best wishes for a successful future with NCB!

Comment on Hanging up the keyboard by Diarmuid

Diarmuid — Sat, 06 Oct 2012 11:48:39 +0000

Congratulation! Very sorry to hear about the blog though, it was always very interesting.

Comment on Hanging up the keyboard by Tony McMahon

Tony McMahon — Sat, 06 Oct 2012 11:01:27 +0000

Hi Philip,

Congratulations and best wishes in your future career.

Re “Musings”, not so easy to find it on NCB site.

Can you give details of a “link” to “Musings”.

Regards,

Tony McMahon.

Comment on Hanging up the keyboard by Alan

Alan — Sat, 06 Oct 2012 10:59:24 +0000

Hi Philip,

Shame the blog has come to an end as it really is excellent and fantastically informative, but congratulations on the new job!

Comment on Hanging up the keyboard by Paul McPhillips (@paulmcphillips)

Paul McPhillips (@paulmcphillips) — Sat, 06 Oct 2012 10:48:03 +0000

Congratulations, Thanks for all the interesting readings over the last while. Hope you’ll still be posting to twitter

Comment on Hanging up the keyboard by Lewis

Lewis — Sat, 06 Oct 2012 10:19:38 +0000

Congrats Philip, and thanks for all the discussion over the last year or so.

Best of luck with the new job!