Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Because the management are useless, need to update on the pensions which they should have got rid once in surplus when interest rates started going up. Or they could be purposely causing the sp to drop to make a cheap offer for the company. They are creating insecurity on the sp. Wtf are they negotiating about that's taking so many years to close. Needs an American agitator to shake up this comatose board and definitely a pay cut to the CEO.
Any reason this is getting hit daily
Worth reading this before you may be frightened out of the company
https://www.theactuary.com/news/2022/07/13/db-pension-scheme-deficits-cut-almost-70
Article from July 22 the company will have to update and if this is anything to go by, it should be good as 1 scheme has already been sold off. US soon to be opening up , MM scare tactics because my guess there are big buy orders that need filling. Dyor.
Freedom of Information Act only applies to public entities, not commercial ones. You'd be better off asking investor relations.
It's got lots going for it, but the pension discussions are taking forever, you'd think with all the interest increases we'd be on a mega surplus, and then have the ability to increase the dividend substantially. Selling of Al the pensions for a very tidy sum. Can this information be requested by the freedom of information act?
This is great news, surprised it hasn't pushed the price up.
I'm convinced anyway, have doubled my holding here today.
It's all happening 12 million subscribers here, is a piddle in the ocean in the US, the shares not reacting yet. And the pensions have to be in surplus. £4.50 not far away IMHO
Reach to launch US operations for Mirror, Express and Irish Star
Reach will ultimately have around 100 staff manning its US operations.
More bespoke US-focused content in new verticals on their existing .co.uk websites will begin to be published early in 2023 ahead of their respective .com launches, Press Gazette understands.
Reach will also launch a .com online presence for the currently print-only Irish Star to chase the “sizeable” Irish American population using dedicated correspondents in New York City, Boston and Pennsylvania.
https://pressgazette.co.uk/north-america/reach-to-launch-us-operations-for-mirror-express-and-irish-star/.
It's doing it right
https://www.similarweb.com/website/thesun.co.uk/vs/mirror.co.uk/#traffic
Lawyers file £13.6bn adtech lawsuit against Google on behalf of UK publishers
It is alleged that Google's "market abuse" reduced publisher ad revenues by up to 40%. see press gazette for full story
looking forward to the next 3 months trend as previous years take us back to over 1.35 leading to a nice divi again GLA
ah ok fair enough, i must have missed that trawling through the thousands of form 8s...
He's on Garden leave. Mo more loyalty
Pretty disappointing to see the FD, who's basic salary is about £380k and who's total package last year was £3.4m, pulling out a sharesave scheme into which he is saving £250 a month which is totally secure. It must be because he doesn't think the company can get to the option price of £2.46 before March 2025... I might be missing something but that just seems really poor behaviour - what does that say to the staff and PIs?
as i said NOV IT WOULDN'T HAPPEN DM's A CHANCER and couldn't afford it, Probably hoping some would try to buy him out get in now because we're on the way uy maybe we'll get a real buyer in soon.GLA
World cup under way If England and Wales continue in this vein advertisers will be piling back in , Ukraine will take a back seat , slow down on bad economic news as interest rates peak . Looking forward to gains through to March April as every year.
The issue is whether there's anything that the BoD need to defend : NWOR hasn’t made an offer, so there’s no s/price to ‘ hold out for’.
AFAICS
What price will the board defend to, to stay independent? As the price is rising without a bid being launched yet. Has the pension deficit disappeared? How large is the surplus? Will most of it be paid out? If surplus how much will be next year's dividend? Will the board start a share buyback? And sell off the pensions ?
Good to see you back GS
Future were on the look out at their last set of accounts for a newspaper, what better than reach plc all dressed ?? up and nowhere to go, they can raise the finances as they are generating strong cash flows, and know how to run a subscription based business. £5.60 will do it, as the least price
Future were on the look out at their last set of accounts for a newspaper, what better than reach plc all dressed ?? up and nowhere to go, they can raise the finances as they are generating strong cash flows, and know how to run a subscription based business. £5.60 will do it.
https://www.inpublishing.co.uk/articles/uk-ad-spend-forecast-to-rise-to-35bn-this-year-21324
Interesting
I cannot see how this can be done with NWOR shares. So ii's will wait to see the colour of Montgomery's money. If he can raise the £500m+ needed it will surely be from either private equity or a sovereign/semi sovereign wealth fund. Which will raise questions about foreign ownership of a huge section of the British press...
For pi's the "good" news is that volumes are well up and so is the sp - I bought more in the 60's only a couple of weeks ago - so there is stake building going on. That should be good for the sp irrespective of what happens with NWOR. All imho of course.
GLA
GS
A couple of buys @ 109p but the herd are noticeable by their absence! As for the "digital ad downturn", I foolishly imagined that RCH offering a digital subscription would cover its costs! Obviously, if the subscription is high enough it would but what amount would that need to be? How important are digital ads? Would subscribers pay to not watch them? For me, adverts on catch-up TV are extremely annoying - less so on terrestrial as I can check out what's happening on other channels.
So far there's barely any excitement at all!
Great speculation on the buyer interest to stimulate SP and put RCH back in the lime light.
But PRESS GAZETTE has nothing on the story. But the story is ad revenues down across the board.
The Independent proposing to reduce staff by 20% amid digital ad downturn
Gannett suffers fourth straight loss-making quarter but hits 2m digital subs