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Anyone have any idea what the offer price is likely to be? Surely a lot higher than current SP. All down to TW*t for us being down so far here.
...
Statement Re Possible Offer The Board announces that it has been approached by Toscafund Asset Management LLP, Penta Capital LLP (together "Tosca Penta") and Panagiotis Dimitropoulos (the Company's founder and CEO), acting jointly, about a possible offer for all of the outstanding shares in the Company which are not already owned by this consortium. The Board confirms that it has authorised the CEO to enter into discussions with Tosca Penta regarding a joint offer and that it has formed an Independent Committee to consider any offer.
Investors with a taste for digital music might consider InternetQ (INTQ). The mobile marketer offers Akazoo - a music-streaming service with more than 1.4m subscribers - to mobile operators in less competitive emerging markets. But it might not remain a part of the group for much longer: private equity investors Toscafund and Penta Capital shelled out €17m (£12.8m) for a 31 per cent stake in the business last summer. As part of the transaction, Akazoo also integrated music recommendation and user profiling technology group R&R Music. http://www.investorschronicle.co.uk/2016/01/15/shares/sectors/music-companies-strike-a-chord-mnptPFhe3p6v0znJQ6izSM/article.html
But a crucial event for InternetQ also has implications for its valuation. Over the summer, a consortium led by Toscafund and Penta Capital pumped €17 million into a UK registered entity that will hold the Akazoo business. The division also now includes music recommendation and profiling engine R&R Music. The implied post-money valuation of the enlarged debt-free Akazoo business was €104 million, with InternetQ holding 69.1%. The money not only provides capital for expansion, but places an accurate value of €72 million (£53 million) on InternetQ's stake in Akazoo. Remember, InternetQ's market capitalisation is only £88 million. Yes, there will be a €3 million hit to Akazoo's cash profit – a mix of R&R overheads and investment – which means broker Canaccord Genuity has cut cash profit estimates for 2015 from €28.9 million to €25.9 million, and EPS from 42.8 euro cents to 36.2c. Numbers for 2016 are unchanged, and increase for 2017, giving EPS of 61.8c. "The increased investment in Akazoo should yield a rapid payback and enhance the valuation of the music business," writes the broker. "Strip out Akazoo, and the implied [market value] for mobile marketing is just €51 million, representing a 2016 PE of 2.6x and EV/EBITDA of just 1.2x." Include the whole business and the shares trade on just 8.4 times earnings for 2015 and 5.6 times enterprise value/cash profits (EV/EBITDA). That drops to 6.3 times and 4.2 times on 2016 numbers. Canaccord thinks the shares are "materially undervalued" and worth 528p. That would only put them on 15 times earnings for 2016 and EV/EBITDA of 8.5 times.
http://www.risersandfallers.com/2016/01/26/recent-broker-updates-on-internetq-lonintq/ 26 January 2016 Updates On InternetQ (LON:INTQ) Recently stock market analysts have updated their consensus ratings on shares of InternetQ (LON:INTQ). The latest broker reports which are currently outstanding on Tuesday 26th January state 2 analysts have a rating of “strong buy”, 0 analysts “buy”, 0 analysts “neutral”, 0 analysts “sell” and 0 analysts “strong sell”.
“This December, InternetQ celebrates fifteen years of successful operations in the fast-paced high-end technology space. We have two distinct segments that have grown in parallel and are now healthy, autonomous businesses. We are seeing accelerated revenue growth in the second half of the year with Minimob’s strengthened position fueling the growth of our B2B segment and improved margins. We expect that the continued shift towards adtech campaigns will have a positive effect on our top line and cash conversion going forward.”
Broker update perhaps with buy consensus? http://www.risersandfallers.com/2016/01/26/recent-broker-updates-on-internetq-lonintq/ or maybe impending trading update
From 6 months ago: InternetQ revenues up against strong comparatives 28 July 2015 | 09:46am InternetQ achieved continued growth across all business divisions during the first half of 2015. Revenue increased to c. €72 million (2014: €65.1 million), a 10% year-on-year revenue improvement, even when compared to a particularly strong performance in H1 2014. Revenues were mainly fuelled by growth at Minimob, displacing the legacy Mobi-Dialogue business which has much lower margins. Adjusted EBITDA increased by approximately 35%, against the comparable prior year period, to over €13 million. EBITDA margins increased to approximately 18% reflecting higher margins in Minimob and maturity of the Akazoo model. The company says it has a strong pipeline with good visibility for the coming six months and is on track for even better growth in the historically stronger second half. The company remains confident for full year results to be in line with market expectations. At 9:46am: (LON:INTQ) InternetQ PLC share price was +1.75p at 295.75p
What was that you where saying.........
my oh my, where has everyone gone? where are all the rampers? where are all those saying the share was headed for 100 within days? where are those saying the shorters were going to get burned? where are all those loudly denouncing anyone who dared say anything negative? All quiet on the western front. the troops must have been sent to a new rubbish share that needed ramping.
what Cannacord says is irrelevant, they gave globo a 300% upside and less than 24 hours later it was 0. its their job to promote their stocks with high values, or at least they think that's their job clearly.
Lets see if this is the bargain of the year next year, I am sure that if it is then these posts will be lost GLA
One of the best bargains of 2016. On 18th of November Canaccord Genuity had a price target of 528p, ps I was going to post the article INTQ stinkingly cheap but I cannot copy and paste it from II.
INTQ one to watch tomorrow as bargain hunters come out, This had a price target of over 500p not long ago on growth prospects so it could turn out to be a canny investment.
Lol Don it was 225p 3 months ago, great investment.
Helps if you post the link.... http://www.thisismoney.co.uk/money/investing/article-2789246/midas-share-tips-smart-money-internetq-allows-apps-carry-adverts.html
I found this old article from a year or so ago. Sounds a great investment! Funny how these journos never return to a share when it goes down the the pan but are quite happy to write further articles when it soars. I am sure we would have seen another INTQ article by now if the SP was up around the 5 quid mark.
Yeah weak rise low forties to high 80s.only 100%.
Agreed Rhambo, this is well dodgy and If I were long here I would use the rise to get out, the weak rise itself is a bit of a giveaway considering how much it has dropped.
Rambo,, TW posts a blog which has been dismissed with no response and the share is fecked. No II sold, buying solid at the moment and actually a growth tech company doing very well. You sound desperate, short underwater ?
At this level, longs should be looking to exit. This share is ****ed
For 2 days now but ig have it as unborrowable .... Must be too illiquid. I'll keep trying as hopefully it will get to a quid.
THE RE RATE ,shorters watch your backs boys.
I get the feeling this is going to take off again soon to the next stage of the re rate.