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Hi Global,
If you want the full rundown on Everyman I recommend reading my article, it's a long write-up (4700 words) and covers my whole bull case:
https://seekingalpha.com/article/4525744-everyman-media-cheap-uk-listed-cinema-growth-potential?source=all_articles_title
On another note do remember that that is EBITDA, not net profit. EBITDA is the appropriate metric to use for valuations IMO as Everyman has such a large depreciation charge as it rolls out venues.
I hear you. Based on the update, they will make £15 profit for the year. Based on a market cap of £110m, that’s a P/E of 7.3 so lots of upside.
Global user, as silly as it sounds I think its lacl of awareness of the share. We've just had significant insider buyers after positive results. This should have risen significantly IMO.
dunno, those big buys really did not move the price up bizarrely, best we can hope for is a takeover or merger with showcase i reckon, i doubt Vue would be interested in taking this over
What do you think is preventing share price growth at present and a revaluation?
Blue Coast are highly unlikely to be interesting in acquiring Everyman. They have been involved since the early days (before IPO) and appear to be a 'sleepy' PE. They certainly aren't activists and you can see that by the way Everyman handles PR. Michael Rosehill is on the board as well remember and has been for a while.
no way, I doubt they would take it private
Do you think they are trying to take it private which would explain the poor PR and mass buying?
thats been some huge director/investor buying and the dial just has not moved.
Massive (comparatively) trades gone through. Look like sells but suspect they might be buys, hopefully they're insider buys and there will be a RNS
yeh ive tried to speak to alex and no one has bothered to get back to me.
The others do... Alex Scrimgeour has bought over £300,000 in the open market at higher prices. The board just isn't very effective with press releases. They really need someone with public experience but really aren't bothered to find or employ that individual.
the other thing is hes the only director who buys shares. the other don't. now they are visible as non-buyers
As we said before daft, doesn't seem to make a difference to share price. Presumably at some point others will catch on that this is a decent investment with lots of insider buys and good broker rating.
blue coast increasing stake , they must be expecting a dividend then
It's just come through as an RNS insider purchase
I think we shouldd team up and go see Alex and complain about the **** poor rns quality and lack of PR. interestingly I tried to talk to him today and they had no clue how to even put my call to him. Weirdos.
my only thought was that the split has actually been very tight the last few days and I know people were buying at 111 yesterday - so I am uncertain. plus later on, on lighter volume, the MM's dropped the bid. I do note that a lot of trades are off-book, the liquidity in shares is very poor but MM's don't make much of an attempt to create a market.
Price would suggest buys but they're registered as sells.
Everyman Media Group PLC
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Does anybody know whether those large trades earlier today were buys or sells?
is that AIm is RNS and news driven - so companies that do exploring etc generate a lot of results and RNSs so traders and investors pile in to make some dough , so naturally they look for companies that have a lot of newsflow. the problem with EMAN is other than the Trading update they really do not have anything else to announce so its a low volume RNS flow so not much to grab peoples attention. I think the only way to make dough here is EMAN gets taken over or the Directors do more big buying and that might drive the price back up to pre covid levels
Riley and Tom. that's just the way its always been on AIM. Mobilityone MBO is an example,. sat at 3 to 5p for many years - i got fed up of waiting, literally the day after i sold out it went to 35p+.
so as with many AIm shares, there is often 0 interest. thats why its illiquid... yes today is disappointing that the MMs cant be arsed to make a market here. Just putting it out there, just my opinion. maybe Showcase would be interested in taking over EMAN or someone will due to the higher profit margin and central niche locations. then theyd probably acquire and leave the brand running as it is. I am going to keep holding for now anyway. the other issue is whoever wrote that RNS could have written it much better, it is pretty light on any details. also they have failed to ever RNS they are working with Apple plus. again things like not mentioning names of movies in the rns like Top Gun 2 is a silly thing to miss. so i feel the RNS is written poorly, not much time given to it for whatever reason. so maybe they are in talks for something else or whoever wrote it is ill or on holiday, who knows.
https://www.**********.co.uk/articles/everyman-media-defies-the-cinema-industry-s-faltering-recovery-6a86f1e/
Exactly Tom - as I thought. it just doesn't sit right but not much can be done. Record H1 numbers, continuation of H2 2021 excellent results, strong EBITDA. Laid it all out in my long article but the market gives no attention to EMAN.