The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen 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.
People only pay for hard copies, that's why I like print media
Radio is a differen animal completely. Denis o B copped that ages ago. but it still struggles to make money in ireland(if not state subsidized). If you look at the APN results in Australia you will see the biggest chunk of profits came from it's investment in Capital radio. That's why they had the rights issue to up their stake in it. Unfortunately inm couldn't get involved (Denis did though), but that extra APN dividend will be missed in the future. Tv, well here again state support makes the difference. Without it, in this country anyway, fighting off pay to view on Sky will be impossible. With the GAA even switching to follow the money that's a dodgy business as well. Pay to view TV will be common place in5 years. Oh and you pay a tv licence fee for your radio and tv as well. €160 per annum I think. That's a nice pay wall. Inm had 320 million revenue last year. 32 mil of that was from digital. They spent 10mil on capital infrastructure for digital so that's their focus. As paper circulation figures continue to drop so too will revenue. To pay for staff to provide quality content digital will need to step up to the plate more. Pay for content has to be the way. Not going to be easy but has to be done.
Most Radio and TV don't have paywalls just well structured advertising revenues.I can't see pay walls working for national daily papers, even Ft struggles.
If there's a future here that has to be a major part of it. That applies to all papers no just inm. News will have to be paid for by someone.
Can't see much online on either paper that I would pay for.
Reported yesterday that the irish times will introduce a pay wall later this year. It's inevitable that inm will as well if they ever expect to make money from digital.
Bit of buying in Dublin, someone expects goods news at AGM?
Tony o`s birthday today wonder is he out completely now!(before agm)
Someone sold about 69 million on Friday in Dublin. I wonder was that our friend?
Question is, if Tony still holds about 5%, who else was selling in recent weeks? Lot of shares sold the week after his holdings RNS.
http://www.irishtimes.com/business/sectors/media-and-marketing/aib-moves-in-on-sir-anthony-o-reilly-1.1801950 Looks to me like he might need to sell all his shares, assuming he actually still owns them.
Up 4% in dublin now. Obviously some thought things could be worse. Increasing online ad revenue is the only bright light but it will be a while before it starts to make up for losses in traditional media.
Yes...... 18% rise in digital adverts Not buying or selling till after June central bank meetings I think they are going to do something new!
Are you still confidant of 20c+ soon allmoyne?
That seems to be the favourite word in that report. Cost cutting is the only thing keeping them out of real trouble.
Holding its own, best you can say.
2014 – The Great Irish Share Valuation Project (Part IX) I take a look at Independent News & Media, plus a batch of other Irish stocks: http://wexboy.wordpress.com/2014/05/05/2014-the-great-irish-share-valuation-project-part-ix/ Cheers, Wexboy
Support buying seems to have stopped as well, hence price drifting down. Still no RNS.
The heavy selling seems to have stopped, for the moment anyway. Odd that we have not had a second holdings RNS, given the quantities traded last week.
I`d did very similar .a.my last 2 were Smurfit kappa and independent. My original punt in indo is down 80% where the "what if" is up 1500%. I still think you are underselling what will be a great recovery stock, it has only started to recover and this year needs to be its "miracle" year .After staying on board since 09 I think you deserve to be on board for the up swing, unless its keeping food off the table ,give it another year. Last year seen a rise of 900% but only after a 95% +drop and that was during its bad year. As with bank of Ireland I believe these 10year predictions, that everyone seems to cap there investments with, are way way undervalued, that they aren't factoring in any sort of popular overshoot of value, that all stock benefit from. We have seen the wheel turn ,guessed bottom to soon, took a loss, hit bottom ,turned corner ,NOW we hold.
Reasons for buying '09. Inm was a company with a global reach. Ireland, uk, india, South Africa, Australia and New Zealand. Steady income but a depressed price after the 08 downturn. Well conected and ambitious management. Dominant market share in it's home market. I had watched as the markets collapsed and deciding it was a good time to invest. I drew up a list of irish companies I understood and narrowed the list to 7. It was a toss up between inm and airlingus but went for inm because of the reasons above. The rest is history. As for posting on the boi forum, as with yourself I'm not looking for acceptance, validation or anything else. Its just a bit of fun and passes the time on a slow day. I hope you don't take the whole thing to seriously. Nothing posted on here is going to make you or me richer or poorer. I do like to here yours and others views whether I agree or disagree and contribute a bit if I can. As you say, enjoy the game.
I said already that when in a recession, nobody buys a paper,i myself only buy a paper on a Sunday. The latte brigade are always more likely to have book than a newspaper ,even in good times. I fully respect your opinion ,I do see its decline, and have seen print media die a death in the 80`s but I have seen its revival. People ,even the tablet age, will in good times return to black and white,i have witness many times ,even lately ,when big news happens the tablets get side step for a hard copy. I also agree that if you aren't of the belief that print has a future, you would be Daft to hold i.n.m. My only question is, what on earth made you invest in print media in the first place? Sounds like your money should be in the over inflated tech sector rather than the penny stock old dog. I do hope you stay in long enough to recoup something, either way your boi is a winner anyway, I all so admire your analysts on both stock but I think you are looking for short term breakthroughs, which I believe will come, but they normally come unannounced and don't need constant focus on news or central bank statements. I have to say as well that the bkir posters aren't very excepting of new comers to say the least! Enjoy the game (1 more thing, for ship the size of i.n.m. to be covering cost in this market says a lot for its future)
If your out and about this week just do a bit of market research. In any coffee shop, restaurant, pub ect you come accross have a look at how many people are reading a news paper. What is the ratio of them to people looking at phones or tablets and what is the age profile. Then ask yourself this question. Which is more likely, the guys looking at tablets will switch to papers or the guys reading papers will switch to tablets.
As for pay to view content, that is not a successful strategy for any web based business, online ad revenue is the only proven revenue. If you are convinced that online is the only future, i.n.m. ain't the best choice.My investment ,is based, on my belief, that the newspaper business is seen as a dead dog, and completely disagree. I don't believe I would convince many people at the moment, but now isn't the time.