Business Irish

Friday 23 February 2018

Simian says it's time to take on the celebrities once again

But will these famous stock-pickers go bananas as they try to outwit our monkey with a dart?

ONCE again the blindfolded monkey, fresh from past victories over stock-picking experts, takes on all comers. Throwing its well-manicured dart at a board decorated with the names of quoted shares, our chimp has spiked some plum stocks.

First it landed on Bank of Ireland, the dog in the financial doldrums, which some say will soon be driven into full state ownership. If the monkey is lucky, B of I will escape this fate provided it manages to raise cash in the coming weeks.

The second dart landed on the tender wings of Ryanair. Perhaps the chimp anticipates Michael O'Leary will finally be successful in his plans for a takeover of Aer Lingus.

The third projectile soared towards the Smurfit Kappa target, but it was unclear whether the monkey wanted to put a stake through the heart of chief executive Gary McGann or simply to show confidence in the US paper industry.

The chimp's transatlantic bias was confirmed when his fourth projectile took a lump out of the dollar-earning CRH corner on the dartboard.

Next, he unwittingly voted confidence in young chief executive Patrick Coveney for his recent merger of Greencore with Northern Foods.

Then with a staggering loyalty to his employer, he removed the blindfold for a second and directed his dart to the spot marked Independent News & Media.

Paddy Power bookmakers is once again giving €1,000 to the charity of choice of the competitor who comes first. Each year we pitch celebrities against a blindfolded monkey throwing darts at a board with shares on it. In many past annual contests the monkey has shown a clean pair of heels to the celebrities.

The contest begins with the prices quoted on the stock market on January 1, 2011 and ends on December 31, 2011.

Sunday Independent

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