Professional
Added to YB: 2026-09-03
Pitch date: 2026-09-01
IR5B.IR [neutral]
Irish Continental Group plc
Author Info
Mr. Market Miscalculates (mostly) shares overlooked or misunderstood small/mid-cap European companies. Sign up for the newsletter.
Company Info
Irish Continental Group plc operates as a maritime transport company in Ireland, the United Kingdom, and Continental Europe.
Market Cap
GBP 1.1B
Pitch Price
N/A
Price Target
8.00 (+28%)
Dividend
N/A
EV/EBITDA
8.37
P/E
15.56
EV/Sales
1.85
Sector
Marine Transportation
Category
special_situation
Monthly recap #24 - Irish Continental Group plc
IR5B.IR (update): Irish Continental Group’s management-backed €8-per-share buyout, valuing the equity at €1.2B and implying an 18x P/E, looks fair because the shares had never approached that level before the bid and aging vessels require material investment. The stock closed at €7.16, roughly 10% below the offer. Some shareholders oppose the price, the EGM was postponed to September 10 after too few proxy votes were received, and Bluefin will not raise its offer.
Read full article (2 min)