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Thursday, 15th October 2015

Seán Gallagher, Irish entrepreneur and businessman spoke at a Waterford local Enterprise Office Student Enterprise Award seminar in the Theatre Royal last Tuesday. This event coincided with Waterford’s ‘Start-Up Gathering’ event through-out the City on Tuesday October 6th.

The annual Student Enterprise Awards, run by all 31 Local Enterprise Offices, including the Local Enterprise Office Waterford, attracted 17,000 teenage entrepreneurs last year from over 370 secondary schools. Now in its 14th year, well over 100,000 students have taken part over the years by setting up and running their own student enterprises in the classroom, with support from their Local Enterprise Office.

Seven schools from Waterford City and County brought almost 450 students to fill the Theatre Royal and receive an inspiring speech from Sean Gallagher. The former Dragon spoke about what it takes to start your own business, build it and how

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Thursday, 15th October 2015

John Smiles

Qualified Financial Advisor

What’s the future at Volkswagen?

Volkswagen’s 2015 first half financial results showed sales and operating profit both up 10% and Volkswagen passed out Toyota to become the world’s best-selling car. Following the recent revelations of cheating on emissions, Volkswagen shares plunged 33% and now lie at a five year low. There could be even bigger repercussions for Volkswagen than just the legal and regulatory fines.

Volkswagen is as much a financial services company as it is a carmaker. Most carmakers enter partnerships with banks to provide their customers with finance. Volkswagen Financial Services has been crucial to Volkswagen’s success.

About 30% of all sales were Volkswagen lease or finance deals rather than outright sales. About 44% of VW’s €374 billion balance sheet is accounted for by its finance activities. It has more than €100 billion of loans outstanding to its

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Thursday, 15th October 2015

Immersive VR Education, based in Waterford, was founded little over 12 months ago by David Whelan and Sandra Whelan.

Immersive VR Education are focused on reforming how educational content is provided to students using Virtual Reality Technology. Virtual Reality (VR) is an artificial environment that is created with software and presented to the user in such a way that the user suspends belief and accepts it as a real environment. This artificial or virtual environment is displayed to use user using a HMD "head mounted display".

Their first educational experience is the Apollo 11 experience. David Whelan C.E.O of Immersive VR Education states "Our Apollo experience puts you into the shoes of Neil Armstrong and you can experience first-hand what it was like to live through the most famous journey in history"

The experience has won the Time Warner , Future of Story

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Wednesday, 7th October 2015

How others see us!

Like it or not we do so many things in our day to day lives through our eyes. We pick our partners on their looks. The first thing that attracts us to the opposite sex is the look of said possible suitor. All other traits such as personality, sense of humour etc come later. If we like what we are looking at then the chances are we will pursue, chase and ultimately get together. And when you look at the animal kingdom that is why so much effort is made in courtship that so often involves colour, dance, display etc as it is the eyes that do most of the initial work.

We choose holidays based on the pictures in brochures or based on pictures we have researched on the internet. I have no doubt that many readers

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Wednesday, 7th October 2015

Cllr Eddie Mulligan is a founding member of the 1848 Tricolour Celebration Committee which organises and hosts the annual event that commemorates the first raising of our Green, White and Orange Tricolour at 33 The Mall on 7th March 1848 by Waterford born Thomas Francis Meagher.

The 1848 Tricolour Celebration aims to promote and celebrate the true meaning of the Irish Flag and the symbolism that represents peace between all the people on this Island. It is a celebration that puts the spotlight on one of Ireland's greatest freedom fighters Thomas Francis Meagher and his creation of the Irish Tricolour so proudly flown around the world.

As a part of the celebration and through the Thomas Francis Meagher Foundation, which Cllr Mulligan is also a member of

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Wednesday, 7th October 2015

John Smiles

Qualified Financial Advisor

Why does China matter to the World economy?

China matters because of it's size. Based on GDP, China is the second biggest country after the USA. It is not the second biggest economy because if you added up all the member of the Eurozone, their economies would collectively be larger than China. Any slowdown in China will have knock on effects for the rest of the world economy which is why it is getting so much attention right now.

Commodities, for example is an area where Chinese influence is strong. China accounts for about 50% of industrial commodities such as copper, coal or iron ore. The slowdown will affect countries that mine those commodities, mainly Australia, Canada and Brazil. There will be a knock on effect on countries that produce the heavy industrial machinery used to mine the commodities

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Wednesday, 7th October 2015

Rents are increasing because the cost of providing rental accommodation is high. The current tax treatment on residential landlords is damaging the sector and reducing the amount of accommodation available.

Stephen Faughnan, Chairman of the Irish Property Owners' Association is adamant that increased costs levied by the State is putting the private rental market under pressure and tenants are suffering

He stated that "70% of landlords have loans and 71% of them have insufficient income from their rental property to cover the mortgage repayment. This is an appalling statistic and unsustainable." The difficulty is the tax treatment of the sector; it is treated as unearned, costs that are clearly expenses are not allowed as costs. 25% of the interest paid to the banks is not allowed as an expense and therefore taxed as income. The Local Property Tax is not an allowable

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Wednesday, 30th September 2015

IPAV, the Institute of Professional Auctioneers & Valuers, which represents 1,000 auctioneers throughout Ireland, has welcomed this week's 30 million euro investment programme by the Government for rural towns and villages saying it marked a very good start to what it hoped would be a "fuller Budget package."

The organisation's National President, Eamon O'Flaherty, has made the issue of rural regeneration a priority for his term of office and IPAV has made proposals to Government in its budget submission for a tax incentive scheme to convert non-viable commercial buildings into residential use by owner-occupiers. The organisation said the section in today's statement on renovation of relevant derelict buildings will be of great interest to many country members, dwellers and property owners in small country towns.

Mr O'Flaherty, a Director of Property Partners Brady in Maynooth and a native of Longford said: "The

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Wednesday, 30th September 2015

John Smiles

Qualified Financial Advisor

When will Global Oil Markets rebalance?

Most commodity traders are currently asking themselves the question, how long will it take for the oil industry to work through the current period of oversupply and rebalance itself?

The answer seems to be; not any time soon. Current supply imbalances are such that oil production is effectively running two years ahead of demand.

Declining U.S. oil production during the next several quarters will help reduce global oversupply, but that alone cannot quickly fix the current global imbalances. For the market to return to normal before 2017 and for prices to respond accordingly will require the following to occur:

- Saudi Arabia to reverse course from its "maintain market share at all costs" approach and cut production

- Global demand to exceed the current expectations of 95 million barrels per day in 2016 and 96 million barrels per

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Wednesday, 30th September 2015

The average rent for all dwellings in the private rented sector in Co. Waterford in Quarter 2, 2015, and which were registered with the Private Residential Tenancies Board (PRTB) was €544. This was up €1 when compared to the average rent in Q1, 2015, when the amount was also €543, and was up €4 when compared to a year earlier, in Q2 2014.

This data comes from the latest PRTB Quarterly Rent Index which is compiled by the Economic and Social Research Institute (ESRI) for the Board. It is the most accurate and authoritative rent report of its kind on the private accommodation sector in Ireland. This is because it is based on the actual rents being paid, according to the PRTB's records, as distinct from the asking or advertised rent.

If people are interested in looking at the rent that applied

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    Brexit or Bremain?This week the British people will decide for once and for all whether they will go it alone in the world or whether they will stay with the European Union and cease their endless carping about the institution. There is absolutely no way that such a referendum would be held here in Ireland as almost the entire population of the country is united in the belief that the EU has been on the whole a very positive experience for the country. To a large extent Irish people can't even begin to f …

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