The Punt: Jim will fix it for managers
Published 22/09/2015 | 02:30
From the pitch to the boardroom, former Donegal football manager Jim McGuinness will be among the line-up at the Irish Management Institute's conference next month.
McGuinness is the current performance consultant to Celtic Football Club and will be addressing the conference under the theme of 'Reinventing Organisations - Rethinking Leadership'.
Executives love it when you can mix sport with management, and it's said that McGuinness will draw on his own experience in top-level sports management and sports psychology to talk about his "personal leadership insights" and the lessons he has learned about developing and managing top talent. Expect lots of sporting metaphors.
It's not a new concept for the former Donegal manager. Not only is he a consultant for Celtic, but he also supported fellow Irishman Paul McGinley in his management of the 2014 Ryder Cup team.
Other speakers at the IMI conference include Yves Morieux, a senior partner and managing director at The Boston Consulting Group. He'll talk about advising big corporations.
Good news for Providence
Providence Resources investors have had a brutal run in recent months but there is good news on the horizon, at least according to Cantor FitzGerald.
In a note to clients, CantorFitz, which has a "buy" rating on the explorer, said Providence had signed a strategic exploration agreement with drilling engineer Schlumberger. The deal will cover the Porcupine Basin in the Atlantic off the west coast of Ireland as well as the Goban Spur Basins.
The idea is that Schlumberger's expertise will help de-risk the prospects at Dunquin-South, as well as other exploration prospects known as Newgrange, Druid and Drombeg. Providence is looking to farm out at least part of those three licences next year and Schlumberger will help facilitate the data rooms for those prospects during the farm out process.
Cantor believe that while the Schlumberger deal is positive, the focus remains squarely on Providence's Barryroe discovery off the coast of Cork, and if that can be farmed out next year ahead of a major drilling programme.
Cantor's Sam Wahab believes Providence remains at a "considerable discount" to its peers and is "well funded to continue desktop studies [of its assets] and mature its dataset across its portfolio.
Here comes Christmas
Ah yes, it's that time of year again. September, and already the jingle of Santa's sleigh can be heard.
The Punt remembers the day when the first Christmas ads on TV didn't start until December, but these days you can count on them before Halloween.
And in pops an email yesterday to the Punt announcing an "exciting new Christmas concept", with Ireland's first winter food, drink, craft and horticulture festival.
Called 'I Believe', it'll be held at Custom House Quarter in Dublin's Docklands, and will, apparently add €8.4m to the economy and create 230 seasonal jobs. It's being held beside the CHQ building - owned by former Coca-Cola boss Neville Isdell.
Hopefully it will be a step above the usual 'markets' - Christmas and otherwise - with their predictable hamburger and hotdog stalls and hyped-up shopping experiences that leave you colder than an elf without thermals.
I Believe will have a 50-feet high Christmas tree donated by Coillte. The Punt hopes it's not up already or it'll be a brown, shedding mess by the Feast of the Immaculate Conception.
The event runs from November 28 to December 23. You've had plenty of warning.