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Farm robotics a highlight of Sunday’s tractor show

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By Sean Moriarty

The manager of one of the first beef farms in Europe to go fully robotic will share some of her secrets at an event this weekend.

ROBOTIC: Aine Sweeney who manages Glen South Farm with the Lely Vector Robot that automatically feeds the farm’s herd 24 hours a day.

SHOW TIME: Killarney Valley Classic and Vintage Club members are preparing for Sunday's Tractor Show at Killarney Racecourse.

Tomies-resident Aine Sweeney is the manager of South Glen Farm near Banteer in Cork.

She is one of the guest speakers at the Killarney Valley Classic and Vintage Club’s tractor show at Killarney Racecourse on Sunday.

South Glen is owned by Frank and Theresa Murphy from Killarney.

Theresa’s late father Gerry ran the farm as a dairy concern but the Murphy family wanted to streamline the operation so they could concentrate on other business interests.

In 2014 they introduced a Lely Vector automated feeding system to the now dry-stock farm. It was the first feeding robot to be introduced to a beef unit in Europe although Lely technology was already popular in dairy farms.

The robot allows manager Aine to spend more time on the operation and administrative side of the farm instead of the previous two times a day feeding regime.

“The robot does three things. It measures the amount of feed available, it delivers feed to areas once it knows feed is running low and pushes food back close to a wall to where the cattle will eat it,” she explained.

The robot operates 24/7 and Aine can manage it all from an App on her phone.

Other guest speakers at Sunday’s event include Michael Hoey who owns the biggest collection of vintage farm machinery in Ireland.

Tralee-based farmer Tommy Moynihan will explain how to overcome a farm accident and Aeneas Horan, of event sponsor Buckley Agri, will be on hand to describe the latest in New Holland tractors and ambulances.

All proceeds will be donated to CRITICAL - The Emergency Medical Response Charity, and gates open to the public at 11am.

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Killarney to feature on TG4’s Country Music show

By Sean Moriarty A song about Killarney – once made famous by local Country Music hero Dermot Moriarty – will feature on TG4 tomorrow night (Tuesday). The second series of […]

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By Sean Moriarty

A song about Killarney – once made famous by local Country Music hero Dermot Moriarty – will feature on TG4 tomorrow night (Tuesday).

The second series of the Irish channel’s County Music show ‘Viva Ceol Tire’, which highlights emerging Country Music talent in Ireland, airs every Tuesday night at 9.30pm.

The next programme will feature Donegal singer David James’ version of ‘Oh Killarney’.

The programme was filmed entirely on location in Killarney including Torc Waterfall, Ladies View Moll’s Gap and Kate Kearney’s Cottage.

“The song was written by Dennis Allen. However, it was a hit for Dermot Moriarty in the 1980s. The first time I heard it I loved it and I was thrilled with the reaction my version has got,” James, who is from the small village of Killean in Donegal, told the Killarney Advertiser.

“It’s pretty rural but I love it. I’ll be in Country Music 10 years this May. My first gig was in the local GAA hall for my aunt’s 50th birthday. I was 14 and I’ve been at it ever since.”

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Five questions to ask yourself before buying a stock

By Michael O’Connor, theislandinvestor.com When it comes to investing, nothing is certain. There are no perfect stocks to buy because there’s no way of predicting the future with 100% accuracy. […]

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By Michael O’Connor, theislandinvestor.com

When it comes to investing, nothing is certain.

There are no perfect stocks to buy because there’s no way of predicting the future with 100% accuracy.

The truth is, investing is hard, and building a portfolio of top stocks that beat the market is something that even financial professionals have trouble doing consistently.

For most people, investing in index funds is the perfect hands-off approach, providing broad exposure to the stock market at a very low fee. Even my own personal portfolio is made up of roughly 70% ETFs despite the fact I invest in the market for a living.

But I believe some stock picking is a good strategy for many hands-on people.

Taking a small portion of your overall portfolio and diligently selecting a small number of companies to invest in gives you an opportunity to learn about the investing process and fully understand the businesses you are investing in, which helps to build conviction in your positions.

From a psychological standpoint “collector’s instinct” kicks in, enabling people to participate and invest more money over time.

Lastly, for Irish investors, there are tax benefits to consider. If you invest in individual stocks, you are taxed at the CGT rate of 33%, and the first €1,270 of your gains are exempt from CGT each year. When investing in index funds or ETFs, you are taxed at the exit tax rate of 41% with no annual exemption.

For those interested in picking individual stocks, here are five questions you should ask yourself before investing in any company.

Do I understand the business?

Too many people invest in businesses they don’t understand because it ‘sounds good’. If you have no idea how the company works, you won’t have the conviction needed to hold onto the stock when an inevitable downturn comes.

Can the balance sheet withstand severe, temporary adversity?

This seems obvious, but so many people invest in companies without understanding how much money a company holds and who they owe money to. Economic cycles are guaranteed. You must ensure that the company has enough cash-on-hand to avoid becoming obsolete when activity slows.

Will the company benefit from long-term trends?

Make sure the company will remain relevant into the future. If the stock is cheap now, it may be cheap for a reason.

Is the company enjoying profitable growth?

Not growth at all costs, but a combination of sustainable growth and value. All this information can be found online at sites like stratosphere.io.

What are the risk factors?

Is the company trying something new and untested? If yes, who are its competitors and how successful are they? If other players are more established, this company may have a tough time breaking into the market.

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