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Enjoy the short observingmen.............................!!!
Not often that I post regarding shares and have only ever come across silly posts on the Supergroup chat. Your comment is similar to ones I see on there. I'm sure you are aware of who has the short position and their corresponding long position in the newspaper industry. The thing about shorting is that it all has to close out at some point.
That'll do for starters - called it again. See you tomorrow when I'll school you some more.
The fundementals stack up - debt rapdly falling, very cash gernative business, PE ratio below 3x and we will see when the annoucement comes, but I suspect with the recent market rises the pension deficiet will be reduced as well. We all expect a return to divdiends and perhaps a share repurchase program.
No doubt they have been shorted alot over the last two years but for such a hard hit industry the operating profit is pretty strong. Localworld has been done for a reason.
We'll see - plenty disagree and the amount of stock on loan has gone from about 3% to over 8% in the last week. Optimum FX, would you like some HP sauce with your spam?
Difficult to do at present with potential asset sale/dividend. Operating profit will be strong again in a climate where advertising revenue will only return when growth is seen in the economy. Can see £1.40 in near term and then dependent on what lessons the group has learnt post Sly Bailey.
Today 14:36optimumfxNice110.50No Opinion Fri 15:51optimumfxNewspaper online taking off110.50Strong Buy The New York Times Co. said Thursday that money from readers and subscribers overtook advertising revenues for the first time ever in 2012, as the media group reported a boost in profits. The company said paid subscribers to The New York Times and the International Herald Tribune rose 13 percent to 640,000 as of the end of the fourth quarter.
Fri 15:51optimumfxNewspaper online taking off110.50Strong Buy The New York Times Co. said Thursday that money from readers and subscribers overtook advertising revenues for the first time ever in 2012, as the media group reported a boost in profits. The company said paid subscribers to The New York Times and the International Herald Tribune rose 13 percent to 640,000 as of the end of the fourth quarter.
Fri 15:51optimumfxNewspaper online taking off110.50Strong Buy The New York Times Co. said Thursday that money from readers and subscribers overtook advertising revenues for the first time ever in 2012, as the media group reported a boost in profits. The company said paid subscribers to The New York Times and the International Herald Tribune rose 13 percent to 640,000 as of the end of the fourth quarter.
Trinity Mirror - Bargain From a forecast PE ratio perspective, Trinity Mirror's shares certainly look like they represent a bargain. The company is making good progress reducing debt and Mr Fox believes there is unrealised potential in the company's operations. Restructuring is also under way and circulation and advertising spending declines look like they are abating. The possible resumption of dividend payments has the potential to create positive sentiment. Broker Panmure Gordon, which highlights share buy-backs as a major potential positive for the media sector in 2013, believes the company "should clearly be buying back shares".
Fri 15:51optimumfxNewspaper online taking off110.50Strong Buy The New York Times Co. said Thursday that money from readers and subscribers overtook advertising revenues for the first time ever in 2012, as the media group reported a boost in profits. The company said paid subscribers to The New York Times and the International Herald Tribune rose 13 percent to 640,000 as of the end of the fourth quarter.
On the way up......
One of the most over-bought stocks according to RSI - Simon "the undertaker" Fox at the helm. Get your shorts on, it's time to play.
The New York Times Co. said Thursday that money from readers and subscribers overtook advertising revenues for the first time ever in 2012, as the media group reported a boost in profits. The company said paid subscribers to The New York Times and the International Herald Tribune rose 13 percent to 640,000 as of the end of the fourth quarter.
Trinity Mirror - Bargain From a forecast PE ratio perspective, Trinity Mirror's shares certainly look like they represent a bargain. The company is making good progress reducing debt and Mr Fox believes there is unrealised potential in the company's operations. Restructuring is also under way and circulation and advertising spending declines look like they are abating. The possible resumption of dividend payments has the potential to create positive sentiment. Broker Panmure Gordon, which highlights share buy-backs as a major potential positive for the media sector in 2013, believes the company "should clearly be buying back shares".
Trinity Mirror has confirmed that it has been approached by a group of investors who have expressed an interest in working with the group to invest in and develop the Sunday People. The company said that discussions were at a very preliminary stage. Trinity Mirror is listed on the FTSE Small Cap Index and has more than 260 titles including national and regional newspapers and digital products. Trinity Mirror's share price was down 4.66% to 97.25p at 11:52 on Friday morning.
Trinity Mirror (TNI) Director name: Mr Donal Smith Amount purchased: 61,900 @ 81.17p Value: £50,244
an article in Money Week on Trinity Mirror this week. Quite bullish
Simon Fox, Chief Executive of Trinity Mirror, commented: "Alongside our continued focus on the creation of One Trinity Mirror, our investment in Local World reinforces our commitment to local media and enables us to participate in a compelling business opportunity with the consolidation of two strong local media businesses. In addition, the investment builds on Trinity Mirror's existing commercial services for the provision of contract printing and national advertising sales to Northcliffe. We look forward to working with the Local World team."
Local World will publish 16 daily titles, 36 paid weekly titles, 40 free weekly titles together with two Metro franchises and a number of niche print products including magazines, which together have a weekly reach of six million people. It will also publish a portfolio of 63 local portal websites, with a monthly audience of over seven million unique users. Founder shareholders in Local World include Artefact Group, an Investment Fund associated with Lord Ashcroft, Daily Mail and General Trust, Odey Asset Management and Yattendon Group. David Montgomery will be appointed as Chairman of Local World and the business will be managed by Steve Auckland, currently Chief Executive of Northcliffe, as Chief Executive Officer and Rachel Addison, currently Group Finance Director of Northcliffe, as Chief Financial Officer. Simon Fox and Vijay Vaghela will be appointed to the Board of Local World as unremunerated non-executive directors. Further details on Local World can be found at www.local-world.co.uk.
TRINITY MIRROR INVESTMENT IN LOCAL WORLD Further to the announcement made on 29 October 2012 regarding a possible minority interest investment, Trinity Mirror today announces it has exchanged contracts to acquire a 20% equity interest in Local World Limited ('Local World') - a new company created to acquire and operate the regional publishing assets currently owned by Northcliffe Media Limited ('Northcliffe') and Iliffe News & Media Limited ('Iliffe'). Local World is acquiring the regional publishing assets of the Northcliffe and Iliffe businesses and will have an agreed enterprise valuation of circa £100 million at completion. On a pro forma basis, Local World would have reported revenues of £273 million and operating profit of £21 million for the twelve months ended 30 September 2011, and would have had gross assets of £38 million at that date. The total consideration payable on completion by Trinity Mirror for its 20% equity interest will be £14.2 million in cash from existing resources. The investment is expected to be earnings enhancing in the first full year of investment. The transaction is expected to complete around the end of the year after necessary employee consultation procedures have taken place.
I made significant profits on this back a couple of years ago when the price went from around 20p to over 160p in just a few months. The fundemanetals now look much better and so we could see a trace back up above 100p again. The other factor driving this is the activity in the regionals business where consolidations and hence synergies will drive more value.
Agreed, the p/e is ludicrous, however, normally when p/e's get this low its because the market is trying to tell you something - like for example a halving of profits in FGP's case (not that i know anything about this particular case). However, on many metrics this co is still very cheap, i should have done more research on this one after the very large volume rise we have seen in the last month or so. Im primarily a technical analyst so i dont want to commit to here just yet as with such a large rise you will always get profit takers. Although quite clearly this has been a fundamentally driven rally so well done on keeping up to date on these metrics. I will continue to watch and research. The chart to me says a hold imo: http://postimage.org/image/hv4fnchzr/ All the best.