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My break even point was 88c but I had the strength of my conviction and bought in again and have brought my average down ,to near 10c ,with a further investment of less than my original. inm have just managed to get a Hugh debt write down because of 2013 performance. So the strategy of management in 2013 was to have a negative to flat year, or else no deal could have been possible.(you are now reading that report and agreeing with the banks) I love online media but if I thought that print revenue was not going to thrive again I`d agree with you and sell, but I don't agree. RCA was tipped to kill print in the 1920s and the BBC in the 1950/60 and www. Wont do it either. Newspapers go hand in hand with a successful economy, and the figures you are looking at, are the worst they could ever be(not a greatly timed judgement day on your long investment). So, in summary, they had and needed a dark report 2013 and it was confirm obviously ! Here and now is where everything changes.I don't need to be reminded of how smart people looked and felt with a news paper in front of them, with the property section open, during the boom and looking up my home, was only a secondary source.I believe print has a social statement that the internet will always lack. EYEOPENER how could obviously dark report ,when confirm, open any new thought??? Glad to see anyone whom has the strength of conviction to invest, but my one and only advise on all reports is to consider the strategy behind them.Go long good luck
I have been a long term holder of inm because, like you I believed they had the potential to thrive as ireland recovered. But as I said before, the publication of the annual report in march was an eye opener. I believe that pay to view web content is the ONLY way inm can generate enough income to make a difference in the future. Cracking that is key but extremely different. I am now seriously contemplating selling out at a loss are reinvesting else where. The chance of inm reaching by break even point of 60c in the next 10 years even, is slim to none.
What was the strategy behind the article? Why was it printed? You read it and agreed ,and because of it you have but a limit on your investment. All listed companies use media too help consolidate stock, or to off load overheated stock. I am going long and wont be influenced.! Love to read post/blogs/articles but it never effects my strategy, and time has thought me that more times than most, it misinforms!!
There's an article on inm in this month's bizplus magazine. Unfortunately, its no more positive then I am. They predict eps of 2.4c in 2014 rising slowly to 3c in 2018. Static turnover with profits been mantained by cost cutting. That's the way I see it too. I hope your right allmoyne, but to get anywhere close to 20c will need a big rabbit pulled out of DoB's hat.
Its passed the test (high volume movement),onwards and upwards, rally coming ...glad to have held, time to quest next high......25c
see bus. news today, picked up on o'reilly sales
Well its moving now ,which way, time will tell.... good luck too all on board!
Another ten million traded today. I guess we can expect another holding RNS this evening. May not tell us who'se been buying, which is really the interesting question.
Ten million traded in dublin today, looks like o'reilly sales continuing, but somebody is certainly taking up the slack. Price holding steady or up a little.
I would be surprised if there was anything good in that report, what lies would their poverty plea be seen as ,if a good report followed their debt forgiveness.If they make small profit this year ,after overheads ,then what a future it will have when advertisements/circulation picks up.I have no doubt this is a pre-rally bear trap, but time will tell. I am long enough investing to realise that the important part about results ,is not what is reported, but the strategy behind what is! Good luck all
Take time to read that report first before availing of this buying opportunity.
2013 report published, Big envelope in post pity it hasn't a dividend cheque just yet,....... As for sp ,I am surprised but its another buy op. I suppose !gla
Another 2 million traded in Dublin this morning, settling around 14.3/14.5.
With their newly agreed debt write down ,I don't see why they wont make a reasonable return this year, and you will not find a better hatchet for making changes than DOB and crew.It is by far the simplest way to buy into the machine of DOB, my only fear is that he takes all the cream for himself(like with APN,as Lucan pointed out) Yes ,my 2 Irish recovery stock, i am in the black in both, but its been a long struggle.gla(when the men at the top see value the bottom men will follow eventually)
Allmoyne, like you I own bkir shares. They are down 20% give or take in the last while but it doesn't bother me at all because I can see how they will generate profits and value in time. For the life of me I can see nothing in inm's future that gives me any confidence it a bright future. It's not the day to day trades and ups and downs that worries me its the 2013 FY results.
I know I am right ,I was right once before and it felt the same that time... lol... good luck(any further fall and I will be in the black again)
I dont feel t o reilly getting out would have any major effect (if he were to buy in that would effect sp)...but I think you will see some buy news shortly, at these volumes it aint all oneway.gla
Fact is, Tony O'Reilly sold 9 million shares last week (see Friday's RNS). On Monday morning he still held a further 69 million. Is he going to sell the lot? I don't know, do you? If he sells even half, that's 35 million. Can the market absorb that many, even at a lower price, given that DOB can't buy more at present? DD could absorb them, sure, but does he want to?
You shouldn't make urgent decisions on sudden sp change .give it a week, seems like a pre-rally drop, but then again i`m the optimistic one. Volumes dont make sence but I have to agree 11% drops are terrifying.Good luck anyway,(strong hold)
I think this is a lost cause. If it was worth my while selling I would be gone tomorrow.
8 million shares apparently traded in Dublin today, price at close down to 14 cents. Somebody is selling big.
Very odd trading in last few minutes, 7 million sale, immediately reversed
Google suggests that Indexia Holdings is registered in Nicosia. It appears to be associated with Sir Anthony O'Reilly. Maybe there is a cash call coming at Providence? 9 million shares would yield something like Stg. £1.5 million, not a lot in that context. Still, it might help. However, the odd thing is that the sale seems to have been designed specifically to bring Indexia's holding here under 5%. What would be the point of that, I wonder?