Daily Mail and General Trust (DMGT) will be releasing its trading statement on Wednesday. Goldman Sachs has raised its target price from 695p to 780p, but still recommends selling. In July of this year, Viscount Rothermere moved to take full control of the publisher of the UK’s Daily Mail and Mail on Sunday newspapers by seeking to buy out outstanding voting shares from his uncle and other holders. In its latest set of half-year results, DMGT reported that group revenues fell 6% to £915m in the six months to the end of March, although pre-tax profit at the publisher rose 30% to £137m. Unless there are any surprises, along with most broker views, the reaction from the markets looks likely to stay neutral.
23 Feb '13
I'm sorry to labour the point, but this is a 93% rise from the 360p SP of June 2012. A quite extraordinary performance. This is almost certainly a stupid thing to think/write but the SP rise appears to show no sign of slowing. The £100million share buy-back is not yet completed, and this has to be supporting the SP. All good things come to an end however, so I am watching closely for my exit-point.
20 Feb '13
and so it continues...blink and the sp is up! This can't continue!
6 Feb '13
This has now moved from the sublime to the ridiculous. Will somebody explain whats going on here?
31 Jan '13
Moving into profit here! Never thought it would happen! I think I've been staring at a loss from the minute I bought these about 5 years ago!
11 Jan '13
The penny is dropping (better late than never!) These big buys must be part of the £100M buy-back !! I'll wake up soon :-)
Datafeed and UK data supplied by NETbuilder and Interactive Data.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk!
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.