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Year high 39 last October.
More buys then sells.
Market not woken up to the good RNs.
where are you????
In the fourth quarter ending 29 August 2020, trading EBITDA was £10m with strong cash generation. As a result, the Group expects to deliver Adjusted EBITDA (pre-IFRS16 lease adjustment) for FY2020 of £38.5m to £39.0m, above the top-end of the guidance previously announced in July 2020. The run rate performance in Adjusted EBITDA in the fourth quarter has continued in September trading, in line with the Board's expectations for the year.
Excellent trading update.
Connect Group PLC
("the Company" or "the Group")
Post Close Trading Update
Trading ahead of expectations
Trading in Smiths News over the last quarter of FY2020 has been stronger than management's revised expectations following the further easing of UK wide lockdown measures since our last update in July 2020. The improvement is a result of a stronger than anticipated sales performance following the return to trading of the larger high street stores, supported by continued robust cost control across the business.
In the fourth quarter ending 29 August 2020, trading EBITDA was £10m with strong cash generation. As a result, the Group expects to deliver Adjusted EBITDA (pre-IFRS16 lease adjustment) for FY2020 of £38.5m to £39.0m, above the top-end of the guidance previously announced in July 2020. The run rate performance in Adjusted EBITDA in the fourth quarter has continued in September trading, in line with the Board's expectations for the year.
What is the RNS about and what is the price target we are moving towards anyone any idea?
TA GL
Excellent RNs. Year high on the horizon. Dyor
Looks like a bearish chart and on a down turn with only news reversing it
Apart from that all good!
The only play left having failed and burnt millions at diversification is to re brand as a news and mags wholesaler only and take out Menzies contracts and be last man standing. Not very attractive as little synergy savings apart from HO costs and margin decline from publisher squeeze. Sales falling of a cliff with retail foot fall all time low and buying habits changed for good. Also this is not a growth stick nor yield as no dividend
Yes John, the Tuffnells purchase could have worked,
the management of cnct operate within a business with no competition, and therefore were not qualified to compete in a competitive market.
The managements initial thoughts were to merge depots with cncts and save millions, in addition the flimsy naive tie up with Amazon lost a lot of money,which was abandoned after several years with tiny volume,this was meant to be the company’s saviour!
Just checking. Did this lot by a parcel delivery company a few years back for £100m. then sell it in 2020 for £15m just before the lockdown changed retail for good meaning good future prospects for......parcel delivery companies?
They might well be but the 5 year graph tells you all you need to know about this business
I see the disgruntled [ex?] employee is back.
This company’s business and has a lot in common with marriage, created hundreds of years ago and completely irrelevant today.
If it wasn’t for the “brilliant management”wasting the historic profits and destroying all the equity on several failed investments,cnct could have bought something tangible like an ice hotel in the North Africa.
You can do it John!
Whatever you achieve now will be a result, get rid of Swindon, the call centre in India , get the contractors to do their own paperwork,suddenly things will look a lot more profitable.
You can retire with a big pension, and a pocket watch!
Just checking I haven't heard any news this is increasing since few days slowly any one have idea ... any positive news from the company or anything in media..
Any news for this one .. up by 10%
Anyone have idea its not going past 18p just stuck at same range for last few weeks ...hold on or get out any news anyone
Interesting with no volume for 3 days the SP ticks up. Obviously all relative as it was £2.20 and down to 11p so only a bad news story. Is there a buyer hoovering up. Now only news and mags in a declining business as the other parts all sold off. Interesting to see how SN , Menzies and publishers play out. Two's a couple and three's a crowd so lets wait and see.
Cnct profits come from a service charge levied as a percentageof the value of supplied copies of magazines and newspapers, the minimum charge for seven day delivery is about £50, per delivery point ,sales are dropping and will continue to do so.So approximately 85 million per year at £55 per outlet.the business would have closed years ago without it
is there any news about increasing sales as most of the things are open this is not moving much infact good its not gone down... any insights
Express newspapers before the Mirror owners reach took it over,
we’re going to close the print edition of the Star in 2018, and go online only
the independent went online, the guardian has lost huge amounts of money, being funded by a large
trust fund left to help fund it, the
Mirror titles are loosing between 10 and fifteen percent of sales a year, the sun
a little less.
The abc figures are available for all to see
Would you invest in a company that sells newspapers and magazines?
The stone tablet and abacus were relevant thousands of years ago but unfortunately
not anymore, Aldi stopped their news and magazine supply last year, I wonder why?