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Regulatory Disclosures

Goodbody Stockbrokers Research provides research coverage on each of the issuers below.

With respect to the recommendations, GSB uses the terms "buy", "add", "reduce" and "sell". The term "buy" means that the analyst expects the security to appreciate in excess of 15% over a twelve month period. The term "add" means that the analyst expects the security to appreciate by up to 15% over a twelve month period. The term "reduce" means that the analyst expects the security to decline by up to 15% over the next twelve months. The term "sell" means that the security is expected to decline by in excess of 15% over the next twelve months.

Goodbody Stockbrokers or an affiliate holds a principal position or controls on a discretionary basis more than 1% of the total issued share capital of Merrion Pharmaceuticals, McInerney Holdings, Prime Active Capital, Datalex and Greencore Group. This information was current as at the last business day of the previous month.

Where Goodbody has provided Investment Banking services to issuers over the past twelve months, this is indicated in the final column. The term 'Investment Banking' covers corporate broking and corporate finance services such as advising on a public offer or underwriting.

Company Analyst Current Recommendation Date of Issue Previous Recommendation if changed in the last year Date of Issue Investment Banking Services (Y/N) Market Maker on a regulated market
AIB Group Eamonn Hughes - - - - Y Y
ARYZTA Liam Igoe BUY 13/03/2009 ADD 10/12/2008 N Y
Abbey David O'Brien BUY 10/12/2008 ADD 07/12/2007 N Y
Aer Lingus Eamonn Hughes ADD 14/02/2011 BUY 16/12/2009 Y Y
Bank of Ireland Eamonn Hughes - - - - N Y
Betfair Gavin Kelleher ADD 27/07/2011 - - N Y
Bwin.Party Digital Gavin Kelleher ADD 27/07/2011 - - N Y
C & C Group Liam Igoe BUY 28/10/2011 ADD 19/05/2011 N Y
Cove Energy Gerry Hennigan ADD 18/08/2011 - - N N
CPL Resources Colm Foley BUY 10/12/2008 ADD 17/04/2008 N Y
CRH Robert Eason SELL 14/12/2011 ADD 09/11/2011 N Y
DCC David O'Brien BUY 27/08/2009 ADD 20/03/2009 Y Y
Datalex Colm Foley BUY 27/07/2011 ADD 23/11/2009 Y Y
Dragon Oil Gerry Hennigan BUY 25/07/2008 ADD 06/03/2008 N Y
DS Smith Gerry Hennigan BUY 05/10/2011 - - N N
FBD Holdings Eamonn Hughes BUY 04/06/2008 ADD 29/04/2008 Y Y
First Derivatives Eamonn Hughes BUY 05/12/2006 - - Y Y
Glanbia Liam Igoe BUY 25/08/2011 ADD 26/08/2010 N Y
Grafton Group Robert Eason ADD 27/07/2011 BUY 05/03/2010 Y Y
Greencore Liam Igoe BUY 06/12/2011 Restricted 25/10/2011 Y Y
ICG Colm Foley BUY 23/10/2009 ADD 15/07/2009 N Y
IFG Eamonn Hughes BUY 16/04/2007 ADD 05/07/2006 N Y
Independent News & MediaGavin Kelleher BUY 26/03/2010 ADD 03/12/2009 Y Y
Irish Life & Permanent Eamonn Hughes - - - - N Y
Kerry Group Liam Igoe BUY 04/09/2007 - - N Y
Kingspan Robert Eason BUY 16/11/2009 ADD 25/08/2009 Y Y
- -
Ladbrokes Gavin Kelleher ADD 27/07/2011 - - N Y
Origin Enterprises Liam Igoe BUY 18/09/2008 ADD 22/06/2007 Y Y
Paddy Power Gavin Kelleher BUY 14/05/2009 ADD 10/12/2008 Y Y
Petroceltic Gerry Hennigan BUY 26/05/2011 ADD 19/04/2010 N Y
PetroNeft Resources Gerry Hennigan BUY 01/04/2010 - - N Y
Playtech Gavin Kelleher BUY 27/07/2011 - - N Y
Premier Oil Gerry Hennigan BUY 11/10/2010 - - N N
Readymix David O'Brien BUY 10/12/2008 ADD 04/03/2008 N Y
Ryanair Holdings Eamonn Hughes BUY 25/06/2009 - - N Y
Siteserv David O'Brien REDUCE 21/11/2008 ADD 04/02/2008 N N
SIG David O'Brien BUY 18/11/2011 - - N N
Smurfit Kappa Robert Eason BUY 06/11/2008 ADD 14/03/2007 N Y
Travis Perkins Robert Eason ADD 27/07/2011 BUY 04/05/2010 N N
Tullow Oil Gerry Hennigan ADD 26/08/2010 BUY 02/06/2010 N Y
UTV Media Gavin Kelleher BUY 19/11/2009 ADD 08/10/2008 Y Y
United Drug Liam Igoe BUY 17/06/2010 ADD 28/11/2008 Y Y
William Hill Gavin Kelleher BUY 27/07/2011 - - N Y


Below is a quarterly breakdown of all recommendations provided by Goodbody Stockbrokers and whether we have provided investment banking services to the issuer over the past twelve months

  Buy
Number
%
of total
Add
Number
%
of total
Reduce
Number
%
of total
Sell
Number
%
of total
Total
All companies covered 31 76% 7 17% 2 5% 1 2% 41
IB relationship 12 92% 1 8% 0 0% 0 0% 13