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I wandered lonely as a cloud on the dmgt message board.
Dmgt stake worth about $1.35b, should be worth a few more pence on our share price.
Cazoo trading in New York up about 8%
I'm not sure that I want ERM shares foisted on me.
It just complicates my portfolio.
Yours Happy with DMGT only or non
vb6
Some big trades at the end there
A lot of action here today
Think it will rise through out the day though.
9% down. That's a bit harsh isn't it?
Yours Al Torn Up
vb6
Seems the rat smell was "off" as those buyers lost substantially. Note the later confidence of Mr Parry (director) who since shelled out c �100k buying some 17,738 shares. He must feel that the share price reaction has been overdone, although it would have been good to see some other directors doing something similar
What concerns me is why the significant rise in the share price before the reults. I smell a rat, somewhere.
I would rather hold baccy shares than this sorry mess.
I agree might add this to my watch list for posSible entry ig it recovers
What do you think the prospects are here? Looks to be completely oversold
shame about the high debt level tho.
The Independent Jamie Nimmo Shares in Daily Mail & General Trust picked up 31p to 700p as the Daily Mail publisher sold a 70 per cent stake in voucher site Wowcher to Exponent Private Equity and bought the UK and Ireland business of rival deal site LivingSocial for net proceeds of £29m.
Nov 26, 2015 at 05:00 Three factors to hit DMGT next year Three factors will impact Daily Mail and General Trust (DMGOa) next year despite 2015 coming in above expectations. Numis analyst Gareth Davies retained his ‘buy’ recommendation and reduced the target price to 970p. The shares fell 5.1% to 669p yesterday. ‘2015 has come in a little ahead of our estimates at every level,’ he said. ‘The dividend is as expected. Importantly, management announces a rolling buyback. ‘Three key factors impact our 2016 estimates, two known and one unknown. Firstly the recently announced disposal of DMGT’s stake in Local World and the loss of Local World contribution in 2016. Secondly, the downgrade that we incorporated into our Euromoney estimates last week on the back of Euromoney’s full-year results and the tough end markets they continue to face. ‘The third, and new factor, is more cautious than expected divisional margin guidance…a result of increased investment and a number of low-margin and loss-making investments made in the year.’
I posted here when the SP was £9.52 saying I had noticed directors selling, and now we are falling in the £7.90's, funny that. I agree market may be reading into the profit warning a little more than justified but I think the share price had gotten ahead of itself and was trading near the highs - so this is nothing more than a correction, I will add if it drops a little more. I don't want to pay too much for these shares as I think advertising is becoming quite competitive and may curtail future growth.
Something of an overreaction to a downbeat but not disasterous trading statement. i noted that the price had gone down gradually over the least week so someone knew what the update was going to be i suspect.
I noticed some director sales: http://www.investegate.co.uk/daily-mail---38--general--dmgt-/prn/director-pdmr-shareholding/20150623173839PFD6A/ Not a major amount but still enough to take notice of, I once was buying shares as directors was selling the odd million and around a year later the share price sank like a brick. Hence why I take note of what insiders are doing now
DMGT have done a great job in making the migration from print media to New Media. The business model also focuses on issues that appear important to their (apparent) demographic. I'm interested in the degree to which the group's political alignment which is supportive of the Conservative party will stand up over the next few months as their editorial position appears increasingly at odds with the views of the electorate. It'll be fascinating to see how they do over the next year.
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.
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.
and so it continues...blink and the sp is up! This can't continue!