The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Hopefully the carriage charge can keep going up,
whilst sales plummet!
If not Headoffice at Swindon is under threat from
a cost shaving, George Gillette is ready John.
Your pension must have loads in by now, I’d
call it a day and let someone else pilot CNCT
into terra firma.
Or they could buy a make believe parcel business,
called pass the parcel.
But not papers and mags, online only I’m afraid!
People over 70 still buy papers, the ones that don’t
have a TV.
Sorry miss- place decimal point should read £2,300,00. Still a fantastic sum for volume traded.
The share price falls .9 of a penny on trades valued at £1837, [of which 66 % are supposed to be buys,] and that knocks off £22,300,000 off the market cap of the company.
Answers please?.
Broker Rating 1 Oct '20
https://www.sharecast.com/equity/Connect_Group/broker-views
27p plus
IN BRIEF: Connect Signs GBP175 Million Deal With Daily Mail Publisher
Tue, 13th Oct 2020 19:08
Connect Group PLC - distributor of newspapers, magazines, books and consumables - News wholesaler unit Smiths News has agreed a new five-year contract with Associated Newspapers, publisher of the Daily Mail, The Mail on Sunday and the i newspaper. The exclusive agreement encompasses all the existing distribution territories, securing annual revenues of about GBP175 million at current market values, accounting for 16% of Connect's sales.
"The company has now secured over 95% of total newspaper and magazine revenues under new long-term contracts until at least 2024, with the remaining revenues within Smiths News largely representing smaller publishers and operating on rolling agreements," Connect added.
Looks like its running towards 27p today
Is it possible this can reach 30p 39p seems to high for current situation but good RNS it can go up prob tomorrow as well...
Year high 39 last October. Can we achieve this?
The Company has now secured over 95% of total newspaper and magazine revenues under new long-term contracts until at least 2024, with the remaining revenues within Smiths News largely representing smaller publishers and operating on rolling agreements.
Commenting on today's announcement, Jonathan Bunting, Chief Executive Officer, said:
' I'm delighted that we have secured a new agreement with Associated Newspapers, completing our goal of renewing all our major contracts. The certainty this brings to our network will underpin our plans for further efficiencies and provides the Company with good visibility of future revenue and cash flow. '
13 October 2020
Connect Group PLC
("the Company" or "the Group")
Publisher Contract Win
New contract with Associated Newspapers
The Company is pleased to announce that Smiths News has agreed a new five-year contract with Associated Newspapers, publisher of the Daily Mail, The Mail on Sunday and the i newspaper. The exclusive agreement encompasses all our existing distribution territories, securing annual revenues of circa GBP175m at current market values, accounting for 15.9% of our sales.
The Company has now secured over 95% of total newspaper and magazine revenues under new long-term contracts until at least 2024, with the remaining revenues within Smiths News largely representing smaller publishers and operating on rolling agreements.
Commenting on today's announcement, Jonathan Bunting, Chief Executive Officer, said:
' I'm delighted that we have secured a new agreement with Associated Newspapers, completing our goal of renewing all our major contracts. The certainty this brings to our network will underpin our plans for further efficiencies and provides the Company with good visibility of future revenue and cash flow. '
Buys after 10.30am this morning not getting printed.
NT to buy but can sell. MMS want the shares
MMS all over the place. Many buys showing as sells today. MMS trying to get some shares on the cheap. Broker Rating over 27p. Dyor.
MMS taking this down to fill orders. Buys getting printed.
Connect Group PLC - Swindon-based newspaper & magazine wholesale distributor - Says trading in Smiths News over the last quarter of the 2020 financial year has been stronger than expected. Trading earnings before interest, taxes, depreciation, and amortisation for the fourth quarter ended August 29 was GBP10 million, with "strong" cash generation. As a result, expects to deliver adjusted Ebitda of GBP38.5 million to GBP39.0 million for full-year, above the top-end of guidance announced in July.
"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," says Connect.
Connect Group: Berenberg reiterates buy with a target price of 27.0p.
Hopefully should see this moving tomorrow morning.
CNCT Professional News
IN BRIEF: Connect's Full-Year Earnings To Be Above Previous Guidance
Thu, 1st Oct 2020 18:33
Connect Group PLC - Swindon-based newspaper & magazine wholesale distributor - Says trading in Smiths News over the last quarter of the 2020 financial year has been stronger than expected. Trading earnings before interest, taxes, depreciation, and amortisation for the fourth quarter ended August 29 was GBP10 million, with "strong" cash generation. As a result, expects to deliver adjusted Ebitda of GBP38.5 million to GBP39.0 million for full-year, above the top-end of guidance announced in July.
"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," says Connect.
London South East
London South East September Investor Webinar - with Open Orphan #ORPH, 7digital #7DIG, SolGold #SOGD Watch Now
Share PricesConnect Grp Share PriceConnect Grp Share NewsIN BRIEF: Connect's Full-Year Earnings To Be Above Previous Guidance
Pin to quick picksConnect Grp Share News (CNCT)
CNCT Share Price
CNCT Share
Price
CNCT Share News
CNCT Share
News
2
CNCT Share Chat
CNCT Share
Chat
15
CNCT Share Trades
CNCT Share
Trades
500
CNCT Live RNS
CNCT
Live RNS
1
CNCT Information Buy CNCT SharesBuy CNCT SharesAdd CNCT to WatchlistAdd CNCT to WatchlistAdd CNCT to AlertAdd CNCT to AlertAdd CNCT to myTerminalAdd CNCT to myTerminal
Share Price Information for Connect Grp (CNCT)
London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price:
21.10
Change:
2.325 (12.48%)
CNCT Live PriceLast checked at 20:06:02
CNCT News
CNCT Professional News
IN BRIEF: Connect's Full-Year Earnings To Be Above Previous Guidance
Thu, 1st Oct 2020 18:33
Connect Group PLC - Swindon-based newspaper & magazine wholesale distributor - Says trading in Smiths News over the last quarter of the 2020 financial year has been stronger than expected. Trading earnings before interest, taxes, depreciation, and amortisation for the fourth quarter ended August 29 was GBP10 million, with "strong" cash generation. As a result, expects to deliver adjusted Ebitda of GBP38.5 million to GBP39.0 million for full-year, above the top-end of guidance announced in July.
"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," says Connect.
Thursday broker round-up
Thu, 1st Oct 2020
Connect Group: Berenberg reiterates buy with a target price of 27.0p.
More buys then sells and MMS taking this down.
70000 buy just printed
https://www.sharecast.com/equity/Connect_Group/broker-views.
27p to 40p
Excellent £10 mill trading.
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.
Thanks its gone back down to 22p, hopefully it rise again.