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Commenting on the acquisition, Stephan Shakespeare, CEO of YouGov, said: "Definitive Insights will further help us to scale up the Group's commercial market research business in the USA. The excellent reputation of the founders and their staff and the high quality of their work is reflected in a superb client list which they have built up rapidly since DI was set up. We are very pleased to add DI to our growing US and global network." Doss Struse, Managing Partner of Definitive Insights, commented: "Definitive Insights and YouGov share a vision for creating a research business driven by innovation and passion that delivers tangible results for clients. YouGov has demonstrated internationally its leadership in online research quality and accuracy and has created a platform for research excellence. Becoming part of YouGov gives Definitive Insights scale and global reach, which are important to our key clients."
Highlights · YouGov plc, the international online market research agency, announced today that it has agreed to acquire Definitive Insights ("DI"), a strategic market research consultancy based in Portland, Oregon. · This acquisition will further boost YouGov's business in the US corporate research market adding a West Coast presence that complements the Harrison Group and Marketing Insights units based in the Eastern US that can easily be supported by YouGov's US operations team in Palo Alto, California · DI is a custom research and consulting company focussed on serving industries such as information technology, pharmaceuticals, financials services and energy. The majority of its data collection is conducted online. DI's research specialisms include market assessment, product and price optimization, customer satisfaction and advanced analytics. Its major clients include leading global IT groups, a global pharmaceutical business and a leading US electric utility company. · DI was founded in 2009 by four eminent market researchers who have held leadership positions at global research firms and major consumer brands and have a record of innovation in research approaches and methodologies. They and their 14 staff will all be joining YouGov's US team. DI's revenues in 2010, its first full year of operation, were $4 million (£2.5 million). · The initial purchase consideration payable for DI will be £0.6 million ($1 million) with additional earn-out payments dependent on the performance of the business during the two years ended 31 January 2013. The total purchase consideration based on DI's business plans is expected to be approximately £3 million. · The YouGov Board believes that the benefits of this acquisition include: o enhancement of earnings in the first full year after acquisition; o new blue-chip customers in key sectors that add to our existing US customer base; o extension of YouGov's reach within the $8bn corporate market research sector in the United States; o the opportunity further to leverage YouGov's proprietary technology, online panel and analytics capability in the US market.
Nothing too shabby about these results
Commenting on the results, Stephan Shakespeare, Chief Executive, said: "YouGov has grown revenue and profits during the first six months of this financial year, as expected. Harrison, our recent US acquisition, has performed very well, extending our reach into the US corporate research market and helping to make the USA our largest market by revenue. Our UK, Middle Eastern and Scandinavian businesses have also gained market share and increased profits and we expect these positive trends to continue. In Germany, the planned performance improvement programme is under way with a new CEO to be appointed soon but we recognise that it's challenging. Innovation remains at the heart of our growth strategy. BrandIndex continues to grow its client base globally, in Germany the new online products business is performing well and in the UK, SixthSense, our new business intelligence reports business, has made a promising start. Current trading is in line with the Board's expectations and we are already benefitting from the broader range of services that we can offer our clients. This combined with our strong balance sheet, means we are well placed to continue to invest in new products as well as to open up new markets."
Operational highlights · USA - now the largest region at 26% of Group turnover, reflecting 66% organic revenue growth and Harrison acquisition · Harrison (acquired in August 2010) performing well with initial revenue contribution of £3.9m and profit of £0.7m · UK - continuing to grow well, revenue increased by 19% · Scandinavia - revenue increased by 18% and trading profitably, continuing trend from second half of year ended 31 July 2010 · Middle East - stable revenue with profits increased by 14% reflecting cost savings made in 2010 · Germany - restructuring in progress to address continuing poor performance; online products revenue up 95% · BrandIndex revenue up 38% year-on-year as international client base increases
Key Financials · Turnover of £27.0m (2010: £21.3m) 27% higher · Adjusted operating profit increased 57% to £2.2m (2010: £1.4m) · Organic revenue growth of 8% and organic operating profit growth of 7% · Adjusted profit before tax improved 64% to £2.3m (2010: £1.4m) · Adjusted earnings per share doubled to 2.1 p (2010:1.0p) · Reported profit before tax of £0.4m (2010: loss of £0.5m) · Middle Eastern minority shareholding bought out - accretive to EPS, 0.2p in period. · Balance sheet remains strong - net cash of £10.9m after making total acquisition payments of £4.8m (Balance at 31 July 2010: £15.6m)
Trading at YouGov (YOU) - including Harrison Group which was acquired in August 2010 - continued to be in line with its expectations, the market research agency announced in a brief trading update for the half-year ended 31st January 2011. The group, which offers a full market research and consultancy service, added that its balance sheet remained strong with net cash of approximately 11 million pounds.
what are peoples predictions for this in the coming months?
... it was a 5 for 1 share split
does anyone knows what was the reason behind the drop from 900p to £1 in 2007
as company posted good results, met targets. Just goodwill & amortisation removed all profits. looks great for future profit. target market in the USA is massive & they love all that statistic BS.
The promise of better times ahead did not stop shares in YouGov sliding over 6% today after the polling firm released its interim results. YouGov told investors that profitability was improving in both the UK and Germany. But the loss of a contract in the Middle East helped to cut its revenues for the six months to 31 January by 6%. It made a pre-tax loss of £500,000 in the period, down from a profit of £400,000 a year ago. YouGov, whose shares fell 2.5p to 36.9p, has suffered in the recession as its business clients have proved less willing to spend money on polling. Chief executive Stephan Shakespeare said that a deal to provide daily political polling data to News International, up to and beyond the General Election, would help grow revenues in UK. He also cited the launch of TellYouGov, a web site which tracks public opinion through microblogging services such as Twitter
April and May have seen a good rise in SP in the previous two years and i would have thought the election would generate a fair amount of extra income. The trading update on the 8th of Feb seem's to be quite possitave http://www.yougov.co.uk/corporate/investor/pdf/alerts_tradingupdate_100208.pdf Does anyone have any thoughts on this one?
no surprises recently and cash on B/S see the y/e report. they might do well out of their political opinion polls this election year/
Is this share worth holding onto as i see no news from members since june 09 ??
about $1090. Then you would have to pay to sell them so budget £20 for that. Worth holding them for a few more weeks though in my opinion...
My ex was once the CFO for YouGov (Polymetrix) and I was awarded 1300 shares of his vested stock as a result of our settlement. This was 2007. I asked him recently (1 month ago) what the stock was worth and he told me almost nothing and then cut me a check for $919 (US dollars). Can someone please tell me the value of my stock? Is his price correct? He knows I know nothing about the market or how to read a stock chart so I think he was taking advantage of me. Any help is appreciated. Thanks!!
These have risen nicely just recently, bought in at 39p. could be something to do with this US acquisition "http://uk.biz.yahoo.com/090428/214/ikgtl.html" anyone heard anything else about this share. what do people think about its long term prospects
Riddler it seem that the results show that yougov are head of target to make a decent profit for the end of year results...
its just i have been with this one since it did fall and have been wating for a bounce back since....and i think this maybe the good news i have been waiting for....
if you look at results you can see that they have a srong balance sheet and up 20% from last year..so why are you sounding so negative
does anyone know if there will defo be a interim results announcement on 6 April 2009. and if yes what will it mean for the share price????
up 10% today and systematic and regular trades of the same size. Someone knows something....I will search tonight ! GL ALL