Latest news with #JamesAnderson
RTÉ News
15 hours ago
- Business
- RTÉ News
Killarney Brewing & Distilling company confirms unsuccessful examinership
Killarney Brewing & Distilling Company (KBD) has confirmed that the examinership process it entered into has concluded without a successful investment outcome. Last week, the company's 54 staff were told that the business would cease operations resulting in the loss of their jobs. Yesterday, the High Court appointed James Anderson of Deloitte as a liquidator over KBD. "Like many in the drinks manufacturing industry, KBD has faced significant and sustained challenges in recent years, stemming from the lasting effects of the Covid-19 pandemic, delays in opening our state-of-the-art distillery in Fossa, global supply chain disruptions, rising input costs, and ongoing geopolitical and trading pressures," KBD said in a statement. "More recently, high tariffs on Irish whiskey exports to the US and wider economic uncertainty have further impacted the business." Earlier this year, the company had reached a preliminary agreement to merge with a US-based strategic partner, but the partner ultimately chose not to proceed. In response, KBD entered the examinership process in the hope of securing new investment, a move which proved to be unsuccessful. "Despite tireless efforts, no suitable investor was secured within the timeframe set out by the court," KBD said. "The company would like to express its sincere and heartfelt thanks to our exceptional employees, whose dedication, resilience, and passion never wavered throughout this incredibly difficult time," the company added.
Irish Independent
15 hours ago
- Business
- Irish Independent
Killarney Brewing confirms liquidator is now in place and trading ceased
The company confirmed the end of the examinership on Tuesday. James Anderson, a partner at Deloitte Ireland who was appointed as interim examiner to KBD in April, will now act as liquidator and sell the remaining assets. His appointment following nomination by the company was confirmed by the High Court on Monday despite an attempt last Friday by the Revenue Commissioners to appoint Myles Kirby of Kirby Healy Chartered Accountants instead. Revenue are owed more than €1m and the largest unsecured creditor in the liquidation. KBD confirmed it is now in liquidation. "The company would like to express its sincere and heartfelt thanks to our exceptional employees, whose dedication, resilience, and passion never wavered throughout this incredibly difficult time. We are also deeply grateful to our shareholders and wider investment community for their support and belief in our vision, and to our loyal customers, partners, and the local community in Killarney who have stood by us at every turn. "We remain proud of what we've built together and the craft, care, and creativity that defined our journey,' they said. More than 50 people worked at the company's two Co Kerry sites in Killarney and Fossa, and the company supplied drinks to many pubs and hotels in surrounding areas. Mr Anderson was appointed as examiner in April after a potential merger with a US partner fell through but that process failed to chart a long-term rescue. KBD launched in 2015, opening a taproom in Killarney. It expanded in 2022, opening a brewery and visitors' centre in Fossa, on the outskirts of the town funded with about €12m raised from investors including many in the US. Last year the company launched a plan to raise up to €7m. Companies Registration Office filings this year showed it fell well short of this target, raising about €3.5m – again mainly from US-based investors. KBD's most recently filed accounts show the business recorded losses of €1.6m in 2022, and €513,000 in 2021. This was despite sales doubling in 2022, hitting €2m, up from €850,000 a year earlier.
Yahoo
a day ago
- Business
- Yahoo
1 Unstoppable Stock to Buy Before It Soars More Than 1,100% Over the Next 10 Years, According to 1 World-Renowned Analyst
Key Points Nvidia has had a blistering run since the dawn of AI, but there could be much more to come. One legendary investor believes that the chipmaker could soar to heights over the coming decade. Asking if a $50 trillion market cap is far-fetched might be the wrong question. 10 stocks we like better than Nvidia › U.S. investors might not be familiar with the name James Anderson, but his pedigree and investing success are undeniable. The iconic investor was a star stock picker at Scottish investment management firm Baillie Gifford for more than four decades. He headed the premier Scottish Mortgage Investment Trust for more than 20 years, amassing gains of more than 1,700% during his tenure. Anderson established his reputation as a visionary by taking early stakes in trailblazing, explosive-growth companies including Netflix, Amazon, Tesla, and Nvidia (NASDAQ: NVDA), generating substantial gains for investors in the process. Given his history of spotting big winners early on, investors would do well to heed his advice. The age of artificial intelligence (AI) has only just begun, and if adoption continues at the current rate, Nvidia's market cap could catapult to as much as $50 trillion (not a typo) by 2035. While that might seem far-fetched at first glance, Anderson provides a compelling argument to support his assertion. Cornering the market Groundbreaking advances in the field of AI have had a profound impact on Nvidia's fortunes. Since the dawn of generative AI in late 2022, the company's market cap has soared tenfold from $416 billion to $4.16 trillion (as of this writing). Helping drive that increase was Nvidia's graphics processing units (GPUs) becoming the gold standard for processing AI. The chipmaker's financial results have helped fuel its meteoric rise. After generating two consecutive years of triple-digit year-over-year growth, the inevitable slowdown occurred, but the current results are enviable nonetheless. In its fiscal 2026 first quarter (ended April 27), Nvidia generated revenue that grew 69% year over year to a record $44.1 billion, while adjusted earnings per share of $0.81 marked a 31% jump. To give the results context, Nvidia's $44 billion in sales in the most recent quarter far exceeds the $27 billion in revenue the company produced for all of fiscal 2023. As impressive as these results are, there could be much more to come. AI could add as much as $15.7 trillion to the global economy by 2030, according to a report released by "Big Four" accounting firm PricewaterhouseCoopers (PwC). The report goes on to suggest "AI is still at a very early stage." Capturing just a portion of that market opportunity would be a windfall for Nvidia, driving its sales and profits even higher. Anderson calculates that the market for data centers, where the vast majority of AI processing takes place, is growing at a rate of roughly 60% annually. If growth continues at that rate over the coming decade, and Nvidia can maintain its profit margins, that would translate to EPS of $1,350 and free cash flow of roughly $1,000 per share. Given those metrics, the stock would then be worth roughly $20,000 per share, which works out to a market cap of about $49 trillion. Competitive advantages Looking at Anderson's most profitable investments can be illuminating. Amazon stock has surged 227,600% since its IPO, while Netflix and Tesla have soared 105,000% and 20,020%, respectively. However, Anderson points out that this isn't an apples-to-apples comparison, since these big winners "didn't start from highly profitable and dominant positions but had to get there." Nvidia checks those boxes. The company is highly profitable, and despite rising competition, Nvidia is currently the undisputed industry leader in the data center GPU space, with a dominant 92% market share, according to IoT Analytics. Beyond its industry-leading position, Nvidia has other advantages. It's "persistent exponential progress, the competitive advantages in hardware and software, and the culture and leadership are exactly what we look for," he noted. Plenty of things will have to go right To be clear, even if everything else went according to plan, there are plenty of other things that could trip up Nvidia on its journey to $50 trillion. The ongoing adoption of AI appears likely, but it may not materialize. A rival could invent a better solution for handling AI models. Nvidia could fail in its efforts to stay ahead of the competition. A black swan event could confound growth. Tariffs could backfire, driving up inflation and sparking a recession. Not to be a killjoy, but the world is full of uncertainty, and any of these developments -- or many more not listed -- could be a stumbling block for Nvidia on the path to $50 trillion. A better question Anderson was quick to point out that his theoretical benchmark "Isn't a prediction but a possibility if artificial intelligence works for customers and Nvidia's lead is intact." He goes on to suggest that the likelihood of Nvidia reaching those heights is slim, suggesting the potential for this outcome clocks in at between 10% and 15%. Yet it's worth taking a step back and focusing on the big picture. "It is the long duration of the development of [GPU] usage in AI -- and not just AI -- from excitement, through potential pauses, to transformation of industries that is most important to us," Anderson said. On the subject of valuation, Nvidia is currently selling for 29 times next year's expected earnings, which is frankly a bargain, given the magnitude of the opportunity. For me, the question isn't whether Nvidia could ultimately hit a market cap of $50 trillion over the coming decade. The more relevant question is whether the company will continue its long track record of innovation, while finding new ways to implement its technology, and capitalize on these secular tailwinds in the process. Given its track record, I would submit the answer is a resounding "yes." That's why Nvidia stock remains a buy. Should you buy stock in Nvidia right now? Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $652,133!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,056,790!* Now, it's worth noting Stock Advisor's total average return is 1,048% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Danny Vena has positions in Amazon, Netflix, Nvidia, and Tesla. The Motley Fool has positions in and recommends Amazon, Netflix, Nvidia, and Tesla. The Motley Fool has a disclosure policy. 1 Unstoppable Stock to Buy Before It Soars More Than 1,100% Over the Next 10 Years, According to 1 World-Renowned Analyst was originally published by The Motley Fool Error al recuperar los datos Inicia sesión para acceder a tu cartera de valores Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos
Globe and Mail
a day ago
- Business
- Globe and Mail
1 Unstoppable Stock to Buy Before It Soars More Than 1,100% Over the Next 10 Years, According to 1 World-Renowned Analyst
Key Points Nvidia has had a blistering run since the dawn of AI, but there could be much more to come. One legendary investor believes that the chipmaker could soar to heights over the coming decade. Asking if a $50 trillion market cap is far-fetched might be the wrong question. 10 stocks we like better than Nvidia › U.S. investors might not be familiar with the name James Anderson, but his pedigree and investing success are undeniable. The iconic investor was a star stock picker at Scottish investment management firm Baillie Gifford for more than four decades. He headed the premier Scottish Mortgage Investment Trust for more than 20 years, amassing gains of more than 1,700% during his tenure. Anderson established his reputation as a visionary by taking early stakes in trailblazing, explosive-growth companies including Netflix, Amazon, Tesla, and Nvidia (NASDAQ: NVDA), generating substantial gains for investors in the process. Given his history of spotting big winners early on, investors would do well to heed his advice. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » The age of artificial intelligence (AI) has only just begun, and if adoption continues at the current rate, Nvidia's market cap could catapult to as much as $50 trillion (not a typo) by 2035. While that might seem far-fetched at first glance, Anderson provides a compelling argument to support his assertion. Cornering the market Groundbreaking advances in the field of AI have had a profound impact on Nvidia's fortunes. Since the dawn of generative AI in late 2022, the company's market cap has soared tenfold from $416 billion to $4.16 trillion (as of this writing). Helping drive that increase was Nvidia's graphics processing units (GPUs) becoming the gold standard for processing AI. The chipmaker's financial results have helped fuel its meteoric rise. After generating two consecutive years of triple-digit year-over-year growth, the inevitable slowdown occurred, but the current results are enviable nonetheless. In its fiscal 2026 first quarter (ended April 27), Nvidia generated revenue that grew 69% year over year to a record $44.1 billion, while adjusted earnings per share of $0.81 marked a 31% jump. To give the results context, Nvidia's $44 billion in sales in the most recent quarter far exceeds the $27 billion in revenue the company produced for all of fiscal 2023. As impressive as these results are, there could be much more to come. AI could add as much as $15.7 trillion to the global economy by 2030, according to a report released by "Big Four" accounting firm PricewaterhouseCoopers (PwC). The report goes on to suggest "AI is still at a very early stage." Capturing just a portion of that market opportunity would be a windfall for Nvidia, driving its sales and profits even higher. Anderson calculates that the market for data centers, where the vast majority of AI processing takes place, is growing at a rate of roughly 60% annually. If growth continues at that rate over the coming decade, and Nvidia can maintain its profit margins, that would translate to EPS of $1,350 and free cash flow of roughly $1,000 per share. Given those metrics, the stock would then be worth roughly $20,000 per share, which works out to a market cap of about $49 trillion. Competitive advantages Looking at Anderson's most profitable investments can be illuminating. Amazon stock has surged 227,600% since its IPO, while Netflix and Tesla have soared 105,000% and 20,020%, respectively. However, Anderson points out that this isn't an apples-to-apples comparison, since these big winners "didn't start from highly profitable and dominant positions but had to get there." Nvidia checks those boxes. The company is highly profitable, and despite rising competition, Nvidia is currently the undisputed industry leader in the data center GPU space, with a dominant 92% market share, according to IoT Analytics. Beyond its industry-leading position, Nvidia has other advantages. It's "persistent exponential progress, the competitive advantages in hardware and software, and the culture and leadership are exactly what we look for," he noted. Plenty of things will have to go right To be clear, even if everything else went according to plan, there are plenty of other things that could trip up Nvidia on its journey to $50 trillion. The ongoing adoption of AI appears likely, but it may not materialize. A rival could invent a better solution for handling AI models. Nvidia could fail in its efforts to stay ahead of the competition. A black swan event could confound growth. Tariffs could backfire, driving up inflation and sparking a recession. Not to be a killjoy, but the world is full of uncertainty, and any of these developments -- or many more not listed -- could be a stumbling block for Nvidia on the path to $50 trillion. A better question Anderson was quick to point out that his theoretical benchmark "Isn't a prediction but a possibility if artificial intelligence works for customers and Nvidia's lead is intact." He goes on to suggest that the likelihood of Nvidia reaching those heights is slim, suggesting the potential for this outcome clocks in at between 10% and 15%. Yet it's worth taking a step back and focusing on the big picture. "It is the long duration of the development of [GPU] usage in AI -- and not just AI -- from excitement, through potential pauses, to transformation of industries that is most important to us," Anderson said. On the subject of valuation, Nvidia is currently selling for 29 times next year's expected earnings, which is frankly a bargain, given the magnitude of the opportunity. For me, the question isn't whether Nvidia could ultimately hit a market cap of $50 trillion over the coming decade. The more relevant question is whether the company will continue its long track record of innovation, while finding new ways to implement its technology, and capitalize on these secular tailwinds in the process. Given its track record, I would submit the answer is a resounding "yes." That's why Nvidia stock remains a buy. Should you invest $1,000 in Nvidia right now? Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $652,133!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,056,790!* Now, it's worth noting Stock Advisor's total average return is 1,048% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Danny Vena has positions in Amazon, Netflix, Nvidia, and Tesla. The Motley Fool has positions in and recommends Amazon, Netflix, Nvidia, and Tesla. The Motley Fool has a disclosure policy.
Irish Times
2 days ago
- Business
- Irish Times
Liquidator appointed over Killarney Brewing and Distilling
A liquidator has been appointed over Killarney Brewing and Distilling (KBD) company in another blow to the Irish drinks sector. James Anderson of Deloitte was appointed as the liquidator by the High Court on Monday. The move came after a disagreement between the Revenue Commissioners and the KBD about who would be appointed, KBD had sought for Mr Anderson, who was already the existing examiner for the business to be appointed as the liquidator over the company in a High Court hearing on Friday. On Friday, barrister Sally O'Neill, for the Revenue Commissioners, disputed the appointment of the existing examiner, petitioning the court to appoint Myles Kirby of Kirby Healy Chartered Accountants as the examiner instead. READ MORE A decision on the case had been postponed until Monday by Mr Justice Michael Quinn after Revenue opposed the company's choice of liquidator. Ms O'Neill had argued that Revenue should be heard in the decision as to who would be appointed as the liquidator, pointing to precedent set during the liquidation of Star Elm Frames Ltd. Taking a period for deliberation, Mr Justice Michael Quinn said Star Elms was a 'very helpful case but a very different case' and noted some differences between the two situations. He noted the significance of Revenue's debt, which he said stood at €1.3 million and accounted for as much as 90 per cent of the debt in some of the companies, the fact they are acting for the public good, and that they were the only unsecured creditor to have become involved in the process. Mr Justice Quinn said the rest of the companies' debts stood above €22 million. He said it was 'quite common' for examiners to be appointed as liquidators, noting that such appointments 'should not be presumed' but said there are 'efficiencies' in doing so in large cases. Mr Justice Quinn said he recognised there were 'efficiencies' in this case in Mr Anderson continuing his involvement, and appointed the company's preferred choice of liquidator. The business has been under examinership since mid-April but did not secure the investment necessary to keep the business afloat in time. The distillery's staff were told that operations would cease on Thursday in advance of the hearing. Founded by local businessmen Tim O'Donoghue and Paul Sheahan in 2013, the parent company of the group has not filed accounts since 2023. In its most recent filings with the Companies Registration Office, the company reported a turnover of more than €2 million for 2022. The business lost €1.61 million in 2022 and had accumulated losses of €4.15 million.
