Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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INM stake in APN has increased in value from about €40m to over €130 million (28c/ share to 96c/share) in the last 9 months. I am not sure this gain has been reflected in the INM share price, I assume that is what is happening this week. However to have the true value it should be closer to 20c rather than the 17c currently. If the Irish results are good and a dividend issued that should push it up more.
someone is for sure. Using CFD's i expect as well.
Is there strategic building by a particular media magnet?
results not until next week. obviously some news has got out though. can they afford a dividend???
something up here
should be due soon. Price creeping up, may be the numbers will be positive?
I am a novice here but is APN value priced into the INM share price. If APN is valued at 993m and INM owns 18% odd at a value of approd 180m. Would this mean that the Irish operations are only valued at about 40m? Suerly it has to be worth more than that !!
Certainly hope so, would be a change from the litigation losses
APN move from below 80c to 93.5c in a few days on high vol, INM followed on Friday ,nice lift and more to come before results
Do you mean APN, or INM, or both?
APN up again this morning on 10m volume, This is going places shortly!
Next few weeks.hurrrrrrrrrrry
Nice volume and nice 20% lift in apn
No obvious reason for recent small tick-up. I wonder was Christmas trading a bit above expectations? Seemed to be plenty of advertising anyway.
This time last year I was full of hope for a recovery in inm. A few hours going through the annual report when it came out made me realise there was no chance of a miracle here and as expected we finish closer to 10c than 20c. I will have to read the 2014 report to see if any real progress happen last year but to be honest I'm not hopeful. At this moment I just don't see a whole lot of up side. Digital will grow as will ad revenue but not at a fast enough pace to replace loss of revenue from hard copy sales. Unless one of the other big players folds inm market share will continue to fall. On thet last point. I am reading Michael Smurfitt's autobiography at the moment and he made an interesting point in relation to a US business he owned. It was in a dieing market but as the last man standing in that marketplace the business was extremely profitable in its final few years before closing down. Inm is unlikely to close down but as a last man standing it could actually make a lot of cash before some kind of rationalisation of how media is delivered. A bit down the road maybe but who knows.
Also the first time in quite a while I have seen 'Paradise Lost' quoted in a newspaper headline (without attribution, naturally).
For those who didn't see last Sunday's Indo, there were 8 full pages full colour supermarket advertising. At a discount, no doubt, but even so ..
Next set of results including Christmas will be the crucial one. If revenue continues to fall back, will be time (or past time) to head for the door.
Still bullish.... waiting for lift There advertising has increased but they most have lowered rates too show poor revenue. I am hovering round break even and ain't leaving without a good profit after over 5yrs in.
"Could be better" Realism setting in at last allmoyne. Yet again the only thing maintaining the profit is cost cutting. In a normal business cutting costs generally increase profits. Serious case of peddling the bike with no chain here.
http://www.rte.ie/news/business/2014/1119/660630-inm-trading-update/ Could be better
"One logic behind the float naturally is that it is cheaper for any company to fund their operations in equity markets rather than with debt as the company can always decide not to pay any dividends." This is from one article on the apn split. It doesn't read well to me, especially the last bit. From my reading of other reports on this is that IF this goes ahead it is to raise funds to pay down debt. Only 60 mil aus dollars will be retained by apn as new cash. There is no talk of sharing this with shareholders. If they did inm would get 8million. Great if it happens but I doubt they will. The reason behind all this is a failed attempt by apn to raise $250 mil in a bond. It was given junk rating so never went ahead. Apn are just exploring other ways to pay down debt. Remind you of another media company?
Lucan summed it up....210m float of nz part of APN, of which INM shareholders have 18.5% stake(c.40m).....nice tribute to Tony O Reilly...rte..........
APN is considering floating its New Zealand assets separately, according to a newspaper story (S. Times?). Just considering, nothing confirmed. Could be just a flyer.