Irish Estates - A Niall McFadden play

Yes also tempted but when I first looked at it I thought that it was fairly valued. Don't think that my opinion of that has changed. Does it seem cheap to you Tole ?

I don't have the figures anynore but from what I worked out from the property portfolios it was closed to fair value. The 25% annual returns that were mentioned I didn't see returns anywhere near that ( ie fiscal returns ) I'm thinking that it was increases in value of the property portfolio but not actual cashflows.

Sure the merging of the two firms provides a better base to work from but where will the necessary cash inflows come from ?

I like the fact that Niall McFadden is Chairman - a tax accountant friend has heard good things about him the friend used to be friendly with Jim Barry and so heard things about McFadden.