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I like - good growth and to continue
Geoff Wilmot, Chief Executive, commented "The last quarter of the year, which is normally our strongest, ended at the top end of our expectations. The improved trading conditions experienced in FY11 have continued into the current financial year. "The recently announced restructuring and rationalisation, our portfolio of market leading brands and our strengthened management team, will enable Centaur to benefit more rapidly from continuing recovery and from the recent investments in digital services. This will provide a robust platform from which to deliver accelerated revenue growth and margin improvement in the medium term."
Cash flow and balance sheet The Group continues to maintain a strong balance sheet, with high levels of cash generation in the second half of the year. After taking into account the cash outflow related to the FEM acquisition announced in April 2011, the Group will report net cash at 30 June 2011 of approximately £2m. The Group has an existing credit facility with The Royal Bank of Scotland, which has been recently increased from £5m to £8m and extended to October 2012. In addition to providing adequate headroom for the Group's working capital requirements, the increase in the facility will provide additional capacity to finance bolt on acquisitions. The Group expects to publish its full year results on 15 September 2011.
Pre-close trading statement - FY11 profits at top end of expectations Centaur Media plc, the business information and events group, today issues a pre-close trading statement for the financial year ended 30 June 2011. The Group expects to report profits at the top end of the Board's expectations, with reported revenues 14% ahead of the prior year and EBITDA margins increased from 11% to 14%. Underlying FY11 revenues, excluding the impact of acquisitions and adjusting for the phasing of exhibitions, are 10% ahead. Trading Trading in the last two months of the financial year has been strong. Digital advertising revenues continued to show stronger growth than print, with H2 revenues 21% ahead of the same period last year. Print advertising revenues grew by 7% in H2. Total advertising revenues, on both a reported and underlying basis, grew by 14% year on year. Total reported paid for content revenues grew by 7% in H2, with Perfect Information increasing its digital revenues by 8% over the same period. Underlying total paid for content revenues are only marginally up year on year reflecting continuing weakness across the consumer publishing titles. Events revenues continue to show steady growth, with reported H2 revenues 20% ahead of the same period last year. Underlying year on year revenue growth across the events portfolio was 13%. Marketing Week Live reported record visitor numbers and revenues 26% ahead of last year. Forward bookings across the Group's exhibitions portfolio are showing strong growth compared to the same time last year.
http://www.investegate.co.uk/Article.aspx?id=201107140700093599K
Centaur Media (CAU) retained its "buy" rating from Singer Capital Markets, with a target price of 62p. The broker believes that shares - which fell after a restructuring announcement on 28th June - could bounce back if the trading update on 14th July is in-line with expectations of an adjusted pre-tax profit of 6.5 million pound. The restructuring itself should enable the business information firm to dispose of small sectors which are difficult to scale up, noted Singer, allowing the company to become more focused and grow faster. The shares slipped 0.5p to 46p
General Trading In our Interim Report on 24th February, we reported that the Group continued to trade in line with expectations. This progress has continued, with trading conditions across our markets remaining broadly unchanged. In the four months to 30th April 2011, advertising revenues grew 10%, compared to 17% growth in the first six months of the financial year, reflecting stronger comparatives. Growth was again led by digital advertising revenues which were 26% ahead in the four months, whilst print advertising grew 4% in the same period. We have seen further steady growth in events in the period, with revenues 4% ahead of last year for the four months to 30th April 2011. Our two largest exhibitions ran in the period - Business Travel Show and National Homebuilding & Renovating - and delivered aggregate 8% revenue growth despite continuing challenges in their respective markets. Perfect Information (the digital information provider to the corporate advisory sector) has also continued to generate steady growth, with revenues a further 6% ahead in the four months to 30th April 2011, compared to 8% growth in the first half.
http://www.investegate.co.uk/Article.aspx?id=201105110700073177G
I expected a bigger reaction to the SP today - given time I am optimistic of good upside from here
Singer Capital Markets commented on independent business publishing and information group Centaur Media (CAU). The broker notes the group's interim results were in-line with its January trading update and it signalled a continuation of the recovery in the first two months of the second half of the financial year. Moreover, with the stock having eased from recent highs and recovery progress on track, the broker thinks the shares look "more attractive". Centaur shares gained 0.88p to 65.88p.
Good progress here
Commenting on the results Geoff Wilmot, Chief Executive Officer of Centaur Media plc, said: "This is an excellent performance in the first half of our financial year with growth returning as our markets recover and the Group benefitting from the strong foundations secured in the past two years. We have traded in line with the Board's expectations since the start of 2011 and as a result of our continuing confidence in these improved trading conditions the Board has declared a 17% increase in the interim dividend to 0.7p."
· Revenue increase of 15% led by advertising revenues up 17% · Recruitment advertising ahead 31% led by our marketing and legal divisions · Further cost saving initiatives in the period · Adjusted EBITDA increased to £1.2m (4% margin) compared to break-even last year · Strong cash conversion (142% of EBITDA converted into operating cash flows) · Continued growth in digital and paid-for content · 17% increase in the interim dividend to 0.7p · Appointment of Rebecca Miskin as non-executive Director brings further digital media experience to the Board
http://www.investegate.co.uk/Article.aspx?id=201102240700087512B
Latest hot monthly tip on T1ps, just come out by Tom WinniFirth.!!! Buy Centaur Media at 44p Today (2009-10-20 11:50:05) Print this Article Despite Gordon Brown’s protestations, the economic cycle is alive and kicking and Fully-Listed Centaur Media is a geared play on this fact... Its cyclicality and operational gearing have seen it recently announce significant declines in turnover and profitability... But significant costs have been taken out of the business and investment in key areas (online) increased... The recovery in the UK may well lag that of other economies but as confidence returns Centaur is likely to see revenue and earnings zoom ahead again... At 44p and up to 50p – with a target price of 79p – Centaur Media is a "buy". Just in case anyone is interested........DYOR tho
centaur as like many other media based companies are feeling the pinch at the moment, I think there is a update due this week, this is why there has been a medium jump in its share price over the last 2/3 weeks, having looked at the traded shares over the period, there has been a lot of large sells, which is worrying, but as the country slowly starts to claw its way out of the dark financial hole, things will improve, for me a long road, no quick money on this one !! opions ??
Small buys of £100/£200 continued throughout the day, every 17 minutes from 9.08 to 16.13. The one effect this did have was to narrow the Bid / Ask from 38.50 / 40.50 to 40.25 / 40.50. I half expected a big sale at the end of the day at 40.25 but this did not happen. Anyone got any thoughts on this one.
Every 17 minutes since 9.08 until now,11.41, there has been a small buy in the £100 - £200 range. Regular as clockwork. What's this about? Anyone got any ideas?