Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Your going to have to explain the 40m apn money to me allmoyne. I haven't seen anything about it. What did the times have to say?
40m coming from APN nz float, plus increased advertising results, could see a lift here shortly............. nice push in the times today
I think a pay wall is inevitable. It is the only way newspapers will survive at all into the future. The only way it will work though is for all the papers to charge.
Decent results today from IT, but it's deceptive. Circulation and advertising income down again, but profits up due to a new printing contract. However they say the advertising outlook is improving. Hope they're right, a good christmas would work wonders for everyone. Unfortunately they seem dead set on an online pay wall in new year, which will be a disaster i.m.o.
none coming, apparently.
IMS on 15 Oct last year. Prob should be one in the next week or two. It should reflect improved trading due to the Irish recovery; if not, will be a bad sign.
The problem for inm and all other newspapers is the amount of free news available. The only way a pay wall would work is for everyone to charge for content. It's inevitable that will happen at some stage in the future. If news paper saless continue to fall there's no way inm or anyone else will be able to afford journalists of any quality. There are only two ways inm can advance here in my opinion, a monopoly and/or a successful pay wall. There's an interview with Do'B in the post today. Very little on inm except to say it was a bad investment but we are at the bottom now. He sees only room for a couple of titles in ireland and cooperation between all players. He also reckons there needs to be a tie up with all forms of media, print, digital and radio. Bit of lobbying to change ireland's competition laws on the cards I suspect.
Load of rubbish, i.m.o. Argues that since millions of people visit the website free, they only need to impose a 10 cent charge to make a fortune. Not so, I fear. I visit the website maybe 2-3 times a week, mainly from curiosity, but there is no way I would pay a cent to do so, never mind a larger sum. Ditto most of the visitors, I suspect.
Money bags write up this week!
Meant profit not turnover 33m
Don't like agreeing with Sunday commentary but! Sunday times points out a.p.n. price rise isn't reflected in INM share price, in fact if you take out APNs value ,INM is valued at 80m with a turnover of 33m.........may explain volumes of late....... cheap buy
has interesting piece about ms grady's departure as editor I.I.
Suspect there is more news to come ,a lot of 5 figure trades, hopefully more consolidation coming!!!
So the CFO announces he is moving on and been replaced by a guy from tesco. The price is up nearly 5% so either we think he wasn't the best or that the new cfo is exceptional. Looking at where tesco is at these days I'm not sure which it is. Anyone know the real reason for the sudden jump?
The search for Utopia continues but for now this is as good as it gets. By no means is this the perfect country and there are plenty of things that badly need fixing. It's not you that's annoying me the phrase " banana Republic" just gets up my nose. I don't know your nationality but its ever worse when irish people use. There's not many countries in the world where the only natural resources it has is its people and rain that could get to the top of these type of polls.
Sorry for annoying you John ............and I would love to see it different. But unless the rest of the world is worse,I can't see us anywhere near where we should be, on moral high ground! God ,you gave me a scary thought there ,IMAGINE we are as good as it gets ,in this world when it comes to honesty?? Lol.
Another index of the best countries to live in in 2014, based on UN data but on softer criteria. No.1 IRELAND. http://www.goodcountry.org/overall
BEST IN THE WORLD IRELAND. FORBES best country in the world to do business in 2013. Below is what this is judged on. It annoys the hell out of me when this banna Republic thing is throw out. "We determined the Best Countries for Business by grading 145 nations on 11 different factors: property rights, innovation, taxes, technology, corruption, freedom (personal, trade and monetary), red tape, investor protection and stock market performance. Each category was equally weighted. The data came from published reports from the following organizations: Freedom House, Heritage Foundation, Property Rights Alliance, Transparency International, World Bank and World Economic Forum. "
in this banana republic the only way to out stage the old guard is with their own tricks. Denis would not have had any success if he didn't have political support and in this country and that takes brown envelopes. as much as I hate corruption, if you are blind to it here ,you will be a busy fool. Our successful elected leaders are all, in it for themselves and our press gets them in. Moral leadership doesn't stand a chance !
Sorry, I shouldn't have said Dermot Desmond...I have no idea if he has lost money or not. In relation, to Denis O'Brien, I think he has widely admitted his own losses in INM thus far. As for 'unfair' coverage of Denis O'Brien, in my book in could not be unfair enough....no matter what the source. What he was found to have done by the Tribunal, in my view, is enough to have your citizenship revoked. I would apply that logic to every person found to have done anything similar, no matter who they are.
Desmond would be in profit at 18c. He would make millions if he was able to find a buyed. His buying spree only started in early 2011 and by May 2011 he only owned 2% of inm. I think around 20c was the market price then. By December 11 he had 4%. By February 12 he bad 31.6 million shares and 5.57% of inm. But in November 13 his stake was 15%. His avg price has to be around todays price of 13c and possibly lower because he may have bought below the quoted price on occasion.
There was definitely no fairness in tony`s coverage of Denis, prior to hostilities. Due some price movement after recent volumes.
Whatever about O'Brien, I don't think it is true that DD has lost 'a huge amount of money' in INM. Remember he got most of his shares at 7 cents. Nor do I believe (Allmoyne) that DOB did not get a fair press in his early business life. He got a roasting in the Indo when he went after the O'Reillys, but that was much later. Anyway it was a clumsy job and did him little harm.
Denis o b`s 60m(todays estimate .) stake is worth far more to him than the monetary value! if he had had fair press in his early business life, he would be a lot wealthier now. He wouldn't be walking away now with such good deals, if he wasn`t protecting his reputation, through complicit media.To be able to capitalize, as he did with ESAT, while under INM`s glare, think what his potential is now. Who know what's going on now. Media is also very cyclical and there will come a day when he will, on SP alone , have recouped his 550m losses ,not to mention what profit from personal business deals. Denis has said when asked, that he would hope to see a return on his investment in 10yrs.(that would make anyone 10yr wait worth while /SP 130cent)
One of the things that gets mentioned in relation to INM is the large shareholders. O'Brien and Desmond are big big players, and i have no doubt that they have a plan for the company. However, they have both lost a huge amount of money of INM....and they may well have written it off. As in, they are happy to take up a rights issue and try and turn the ship around, but at the same time they may regard the investment as already lost. I really don't know. There is not much point in leaving at 18Cent when you are down i nearly 500 Million. You might as well see if some of it can't be rescued.