“NCB is a leading provider of Wealth Management, Fixed Income, Institutional Equities and Corporate Finance services.”
Market Activity
(21:00)
Global Indices
Index
Last
Chg.
%Chg.
ISEQ Overall
3,043.11
-41.37
-1.34
ISEQ 20 Index
492.84
-6.79
-1.36
FTSE 100
5,351.05
-54.20
-1.00
Dax
6,308.96
-75.30
-1.18
STOXX Euro 50
2,146.91
-28.43
-1.31
STOXX Euro 600
241.63
-2.77
-1.13
Dow Jones
12,453.09
-145.46
-1.15
Nasdaq
2,819.66
-54.38
-1.89
(Closed)
ISEQ
Risers
Stock
Last
Chg.
%Chg.
Aminex
0.06
+0.01
+13.46
Total Produce
0.47
+0.02
+3.33
Donegal Creameries
3.30
+0.10
+3.13
Ormonde Mining
0.10
+0.00
+2.00
Paddy Power
48.25
+0.91
+1.92
CPL Resources
2.90
+0.05
+1.75
IFG Group
1.32
+0.02
+1.62
FBD Holdings
8.16
+0.06
+0.73
Kerry Group
33.50
+0.20
+0.59
Icon
17.20
+0.10
+0.57
Kingspan Group
7.38
+0.04
+0.55
Fallers
Stock
Last
Chg.
%Chg.
Allied Irish Banks
0.07
-0.01
-7.14
Irish Life And P...
0.03
-0.00
-6.06
Smurfit Kappa Group
5.96
-0.34
-5.40
Petroneft Resources
0.09
-0.00
-4.44
Kenmare Resources
0.54
-0.02
-3.24
Ryanair Holdings
4.28
-0.12
-2.62
TVC Holdings
0.83
-0.02
-2.35
Bank Of Ireland
0.08
-0.00
-2.33
CRH
13.47
-0.31
-2.21
Datalex
0.52
-0.01
-1.89
Aryzta AG
37.00
-0.66
-1.74
Dragon Oil
6.35
-0.08
-1.21
Fyffes
0.46
-0.01
-1.08
Elan Corporation
10.40
-0.10
-0.95
DCC
19.50
-0.15
-0.76
Glanbia
5.85
-0.02
-0.34
Grafton Group
3.10
-0.01
-0.32
ISEQ 20 ETF
6.01
-0.02
-0.27
Aer Lingus Group
0.97
-0.00
-0.21
Irish Continenta...
15.45
-0.01
-0.03
Abbey Plc
6.00
-0.00
-0.02
(Closed)
UK 100
Risers
Stock
Last
Chg.
%Chg.
Icap PLC
3.44
+0.07
+2.17
Antofagasta PLC
10.29
+0.17
+1.68
National Grid PLC
6.77
+0.11
+1.65
Randgold Resourc...
47.15
+0.75
+1.62
Fresnillo PLC
13.43
+0.20
+1.51
Weir Group PLC
15.14
+0.16
+1.07
Bae Systems PLC
2.74
+0.02
+0.81
Astrazeneca PLC
26.52
+0.17
+0.65
United Utilities...
6.28
+0.04
+0.56
Sse PLC
13.34
+0.05
+0.38
British American...
30.76
+0.12
+0.38
Sabmiller PLC
24.72
+0.06
+0.24
Imperial Tobacco...
24.77
+0.06
+0.23
Reckitt Benckise...
34.39
+0.07
+0.21
International Po...
4.19
+0.00
+0.05
Intertek Group PLC
24.87
+0.01
+0.04
Fallers
Stock
Last
Chg.
%Chg.
Aviva PLC
2.68
-0.13
-4.45
International Co...
1.46
-0.07
-4.26
Gkn PLC
1.84
-0.08
-4.21
Ashmore Group PLC
3.31
-0.13
-3.78
Royal Bank Of Sc...
0.21
-0.01
-3.75
Man Group PLC
0.79
-0.03
-3.54
Barclays PLC
1.83
-0.06
-3.37
Standard Charter...
13.22
-0.42
-3.08
Lloyds Banking G...
0.28
-0.01
-3.07
Capita PLC
6.22
-0.19
-2.89
Xstrata PLC
9.58
-0.27
-2.78
Glencore Interna...
3.54
-0.09
-2.59
Kazakhmys PLC
6.94
-0.18
-2.46
Hammerson PLC
4.16
-0.10
-2.44
Vedanta Resource...
10.01
-0.25
-2.44
Resolution Limited
1.99
-0.05
-2.35
HSBC Holdings PLC
5.22
-0.12
-2.32
Schroders PLC
12.21
-0.29
-2.32
Intercontinental...
14.44
-0.34
-2.30
Schroders PLC
10.01
-0.23
-2.25
(21:00)
S&P 100
Risers
Stock
Last
Chg.
%Chg.
Wal-Mart Stores
61.54
+2.35
+3.97
Xerox Corp
7.31
+0.12
+1.60
Verizon Communic...
41.45
+0.57
+1.39
AT
33.34
+0.15
+0.45
Alcoa Inc
8.52
+0.03
+0.32
Chevron
100.34
+0.24
+0.24
PepsiCo Inc
68.90
+0.15
+0.22
Baker Hughes Inc
40.85
+0.06
+0.15
Microsoft Corpor...
29.94
+0.04
+0.12
UnitedHealth Gro...
54.96
+0.06
+0.11
National-Oilwell...
63.68
+0.06
+0.09
Hewlett-Packard Co
22.04
+0.01
+0.05
Fallers
Stock
Last
Chg.
%Chg.
Avon Products Inc
17.75
-0.94
-5.01
Caterpillar Inc
87.72
-4.14
-4.51
JPMorgan Chase
33.92
-1.54
-4.34
Boeing Co
69.49
-2.86
-3.95
Home Depot Inc
47.02
-1.75
-3.59
QUALCOMM Incorpo...
57.09
-2.02
-3.42
Lowes Cos.
28.35
-0.97
-3.31
Honeywell Intern...
55.48
-1.66
-2.91
Medtronic Inc
37.12
-1.10
-2.88
American Express Co
55.77
-1.62
-2.82
Apple Inc
530.93
-15.15
-2.77
Dow Chemical Co
29.35
-0.80
-2.65
MetLife Inc
30.80
-0.83
-2.62
Norfolk Southern...
66.22
-1.72
-2.53
Nike Inc Cl B
104.30
-2.70
-2.52
Amazon.com
218.51
-5.55
-2.48
MasterCard Cl A
399.42
-9.95
-2.43
Williams Cos.
29.78
-0.74
-2.42
Gilead Sciences
50.33
-1.25
-2.42
General Dynamics...
63.74
-1.46
-2.24
(21:00)
NASDAQ 100
Risers
Stock
Last
Chg.
%Chg.
Ctrip.com Intern...
20.96
+1.31
+6.67
First Solar
14.83
+0.85
+6.08
Research in Moti...
11.41
+0.39
+3.54
Sears Holdings C...
52.60
+1.73
+3.40
Akamai Technologies
29.32
+0.15
+0.52
Microsoft Corpor...
29.94
+0.04
+0.12
Apollo Group
31.99
+0.01
+0.03
Fallers
Stock
Last
Chg.
%Chg.
NII Holdings
10.96
-1.26
-10.28
O
94.90
-7.05
-6.91
Sirius XM Radio Inc
1.83
-0.13
-6.63
Dollar Tree
95.30
-6.00
-5.92
Staples
13.22
-0.70
-5.00
Liberty Interact...
17.05
-0.85
-4.72
Seagate Technology.
28.85
-1.40
-4.61
Expedia
41.04
-1.97
-4.58
Baidu
117.49
-4.77
-3.90
Bed Bath
69.37
-2.71
-3.76
Intuitive Surgical
518.33
-18.85
-3.51
Wynn Resorts
101.41
-3.65
-3.47
QUALCOMM Incorpo...
57.09
-2.02
-3.42
Fastenal Company
42.41
-1.49
-3.39
SanDisk Corporation
32.37
-1.09
-3.25
Teva Pharmaceuti...
38.70
-1.30
-3.25
Mattel
31.06
-1.02
-3.17
Green Mountain C...
24.11
-0.78
-3.14
Urban Outfitters
25.52
-0.81
-3.08
Netflix
72.02
-2.18
-2.94
(21:05)
Currencies
EUR
GBP
USD
EUR
1.0000
1.2443
0.7873
GBP
0.8037
1.0000
0.6328
USD
1.2701
1.5804
1.0000
JPY
100.6400
125.2255
79.2379
CHF
1.2008
1.4941
0.9454
AUD
1.2827
1.5961
1.0099
CAD
1.2941
1.6102
1.0189
SEK
9.1519
11.3876
7.2057
NOK
7.6070
9.4653
5.9893
DKK
7.4325
9.2482
5.8519
NCB PROFILE
NCB is one of Ireland’s largest full service Investment firms. Founded in 1981 NCB has been a leading provider of Wealth Management services, Corporate Finance advice, Institutional research, trading and sales in both Irish Equities and Fixed Income.
NCB has a Venture capital unit which invests in Irish developing companies.
NCB operates one of Ireland’s largest investment funds and debit listing businesses in the Irish market.
Our philosophy is simple and is based on a commitment to putting the interests of our clients first and providing them with superior service and ideas.
NCB’s research has consistently been voted Number 1 in Ireland in both domestic and international surveys.
Our clients comprise major institutional investors based in Ireland and abroad, leading publicly-quoted and private companies in Ireland and the UK and high net worth private clients.
NCB has recently been acquired by Investec plc the leading South African specialist bank. This deal is subject to regulatory approval. See Breaking News below for more details.
Paddy Power (BUY): Q1 2012 – another stellar performance
Paddy Power (€47.33) – BUY - Q1 2012 – another stellar performance
Conclusion & Action: Paddy Power this morning issued a trading update for the first quarter of 2012. Overall a solid Q1 performance, giving us confidence for the year ahead and reaffirming Paddy Power’s position as our top pick in the sector. At P/E and EV/EBITDA multiples of 19.4x (17.4x ex-cash and 1.3x PEG) and 12.0x for FY2012 respectively, Paddy Power continues to trade at a premium to the sector, justified in our view by its clean regulatory profile, the growth trajectory of the Group’s online divisions and its exposure to the high growth Australian market. Our sum-of-the-parts based price target of €56.60 excludes an estimated €3.30 per share contribution from Italy and represents 19.7% upside from current levels. For a more detailed analysis of Paddy Power, please refer to our recent Gaming sector report .
NCB Client View
can now provide clients with access to their portfolio and relevant market research from their Smartphone. Receive the following information from NCB:
Irish Equity Research - Daily Report & Quarterly Newsletter
Wealth Management Research
European Equity Research - Daily Report (password protected / clients only)
Deal brings together two strong and complementary businesses in Ireland specialising in Wealth Management, Investment Banking and Corporate Finance .
NCB Group ("NCB") today announces that it has agreed the sale of its business to Investec, the International Specialist Banking and Asset Management Group. The deal, which is subject to regulatory approval, will create an unrivalled Wealth Management and Specialist Investment Banking Group in Ireland.
Deal brings together two strong and complementary businesses in Ireland specialising in Wealth Management, Investment Banking and Corporate Finance
Dublin, 27th January 2012:
NCB Group (NCB) today announces that it has agreed the sale of its business to Investec, the International Specialist Banking and Asset Management Group.
The deal, which is subject to regulatory approval, will create an unrivalled Wealth Management and Specialist Investment Banking Group in Ireland.
NCB is one of Ireland's leading independent financial services groups with a significant presence in Wealth Management, Corporate Finance, Capital Markets, Venture Capital and Investment Funds. It employs 120 people at its IFSC-based headquarters from where it services a significant client base of High Net Worth Individuals, Irish and International Corporate Customers and Leading Institutional Investors.
Investec Ireland is the Irish-based arm of Investec, the Specialist Banking and Asset Management Group, which is quoted on the London and Johannesburg Stock Exchanges and has a market capitalisation of over £3.4 billion.
Since setting up in Ireland in 2000, Investec Ireland has built up a successful Capital Markets business and has become a leading provider of Treasury Products to Irish Corporates and is a market leader in the Personal Deposit market. Internationally, Investec Ireland has a significant business in the Structured Equities arena. The company currently employs over 110 people in Ireland.
For clients of NCB, the combined business created by this deal will deliver a more diversified product and service offering, broader international access and enhanced financial strength.
Commenting on the announcement of the deal, Conor O'Kelly, CEO, NCB said:
We are delighted to be combining forces with Investec. This is an excellent development for NCB and our clients. The deal will bring together two like-minded and innovative businesses whose operations are very complementary and whose combined experience and expertise will create real added value.
We believe that Investec's balance sheet strength and diversified product offering will resonate very well with existing and prospective clients.
We look forward to working closely with our new colleagues in Investec to leverage the exciting potential we both envisage for our businesses.
Michael Cullen, CEO of Investec Ireland said:
We are delighted to have the opportunity to acquire NCB, a franchise that is long established and well regarded both domestically and internationally. The NCB business will complement our successful capital markets business in Ireland and is consistent with the Group's overall objective to expand its fee based and capital light activities.
The transaction will provide a strengthened and diversified offering to both sets of our clients, bolstering Investec's capability to become one of Ireland's leading specialist banking groups.
About NCB
NCB is one of Ireland's largest independent securities firms and has been a leading provider of Wealth Management, Corporate Finance and Institutional Equities services to our clients for over 30 years. In addition to these activities, NCB also operates in the Investment Funds/Debt Securities and Venture Capital areas.
NCB's clients comprise leading Publicly-Quoted and Private Companies in Ireland and abroad, High Net Worth Private Clients and major Institutional Investors based in Ireland and overseas.
About Investec
Founded in 1974, Investec is an International Specialist Banking and Asset Management Group.
Investec came to Ireland in 2000 when the Group acquired Gandon Capital Markets, a highly-respected treasury and corporate banking specialist, and the first institution to have been granted a license to operate in the IFSC.
Investec Ireland now employs a team of over 100 specialists. Domestically it is a leading provider of Treasury Products to Irish Corporates and is a market leader in the Personal Deposit market. Internationally Investec Ireland has a significant business in the Structured Equities arena.
The NCB Charity Day was initiated in 2003 when the firm and its staff wanted to make a meaningful contribution to the Special Olympics.
It was decided to donate all revenues received across the firm on a given day to that great cause. The client reaction and the encouragement from employees was so positive that we have made the day an annual event. With your support we have raised almost €2m since 2003 and over 25 charities have benefitted from the funds raised.
Thank you in advance for your support and we look forward to another memorable day for our chosen charities.
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