The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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"Polar Capital Holdings plc is a research driven investment management company providing a highly entrepreneurial environment for outstanding portfolio managers within a structure that offers a level of marketing, administrative and operational support normally found in much larger organisations." Hmm ...
So. Polar Capital have sold abt 10 million shares, abt 0.75% of the company. They still have 5 1/2%. I wonder how or where they were traded, and to whom. No sign on share-trade record here. Explains the recent slight weakness, I suppose. Anyone know who they are?
http://www.boards.ie/vbulletin/showthread.php?t=2057591011 INM is the last company annualized.
INM spikes around results/ announcements with some buying, then drifts back down due to low trade volumes. Nobody really selling and nobody really buying. Current share owners are stuck in limbo with little opportunity to get out, with no new buyers/ investors to increase trade volumes and SP. As there are no dividends this year, it will take an acquisition to potentially boost the SP. Otherwise it will be the same old story for the next few Qtrs, with spike at results then SP to drift back down.
Glad to see the penny is finally dropping. Although circulation is dropping, revenue is not and this is still a hugely profitable company that will have over one third of its value in cash at the end of the year. At the profits they are making you will have the value of the company in 3-4years in cash. Something not right here with current valuation :-).
print decline in both sales and advertising canceling out any online gains. However, 25% of the market cap is in cash in the bank (60m), that has to be worth something to the share price.
This is the core problem and will continue to be until the day when print halts its slide or until we charge and profit for online content. http://www.rte.ie/news/business/2016/0218/769159-newspaper-circulation/
There are other big events possible than the two you suggested...INM is generating large amounts of cash and will continue to do so for the next few years (~35m/ year)...so there is possibilities of returning some of it through dividends/ share buy backs or alternatively to diversify and grow new revenue through acquisitions. Each of which if done right would boost the share price.
the 2 big events needed here are 1.. a lift in actual sales of newsprint 2.. a way to monetize online readers. other than that its still a sector in decline.
There is obviously no appetite for the stock, with daily trade volumes very low.... except around quarterly announcements. I am not sure what it will take to change this and spike trading interest in the stock. Its strange considering the fundamentals of the stock are very good. It is debt free and at current values through 2016 will have one third of its value in cash. It needs someone or something (dividends, acquisition..etc) to spark a movement in share price. Otherwise it will spike at announcement time before drifting lower till the next announcement :-(.
all gone away?
Things are about to happen here, as follows: a. Modest pay rise circa 2% at INM b. Modest dividend to shareholders (impossible without above) c. Consolidation of INM with some part of Communicorp. Whether this is in interests of INM shareholders is a moot point. Communicorp has never shown any sign of making money. Consolidation of newsrooms is a possibility, as in the German BILD group. Opinions?
Something is up here
expected around end next week, judging by last year
A sustainable dividend, even if small, would bring it into the mid twenties i.m.o.
well that would be nice and wishful thinking maybe????
H1 results in line; positive earnings growth of 3% and total advertising revenue continues to grow August 28 2015 | Robert Stokes CFA | Morning briefing | 1 page(s) | Read Important Disclosures Independent News & Media’s results for the six months to June 30th 2015 are broadly in line with our expectations. Revenue remained flat year-on-year (yoy) at €157.3m, beating the Davy forecast of €154.2m. The group continues to focus on cost management with operating costs reduced by 0.7%. We believe further cost savings are achievable in H2 as the integration of the group’s print and digital news operations delivers further efficiencies. First-half EBIT grew by 3.1% to €16.4m from €15.9m in H1 2014 (Davy forecast: €16.6m). Digital advertising revenue accelerated markedly in the period, with the strong growth more than offsetting the better-than-forecast decline in print advertising. INM now has a net cash position of €35.4m and has the ability to pursue acquisition targets and potentially look to return cash to shareholders. We are encouraged by the quality of these results and the level of cash generation the group continues to display. We reiterate our ‘Outperform’ rating and our 12-month price target of 29.6c.
Stakebuilders in newspapers are few and far between these days, alas. There are cheaper ways of getting publicity. Dividends would certainly help.
It is debt free with cash in the bank, along with sizable savings on its former debt interest repayments and the on-going cost cutting should only improve its cash flow. The decline in its print circulation is a negative, but is off-set somewhat with its digital revenue growth. It really needs an acquisition or to announce dividends to give the share price some momentum. Or maybe another new stake builder to come out of the woodwork!!
Note the timing, 18.20 Friday evening. That won't fool them in Belfast.
Gross saving, say 80 jobs at minimum £50k, £4m a year. Net saving will of course be much less.
Still asleep, or are you all on the beach somewhere? Belfast printworks to close by next June, loss of up to 89 jobs, partly due loss of a major contract. Presumably Bel Tel will now print in Dublin. Unionists won't like that, but the whole NI operation has been loss making for a while. Another relic of T O'R's imperial ambitions. Not much room for sentiment nowadays. There will be redundancy liabilities, but should be substantial savings.
Everyone asleep here? Seems there may be dividends on the way, according to reports, once some capital reorganisation goes through. Now that would be nice.
I wonder if DOB's plan may be to move some part of Communicorp into INM? He seems to be under some financial pressure at present. Presumably there would be no regulatory problem, as it would not increase his overall control. Whether it is a good idea for INM is another matter.
2 recent stake increases...