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Dont be shy
i can play to any game and i need a ban soo here goes what you into
mary are you a dyke
We reiterated our hold stance on YouGov in April as the valuation looked pretty full, according to the Independent. At the time the polling firm was changing hands at just over 51p. And although they rose sharply in subsequent months, flirting with levels well above 60p in early July, the recent market turmoil has been taking its toll. Indeed, at 44.5p, YouGov, which yesterday announced that its adjusted operating profits for the year to July had climbed by nearly 40 per cent, now trades on multiples of under 10 times forward earnings. That compares to around 17 times when we had a look earlier this year. The results show that the market is being far too bearish. It is clearly time to add to our holding. The Independent gives a buy rating.
YouGov: Investec retains hold rating and target of 46p.
Commenting on the results, Stephan Shakespeare, Chief Executive, said: "YouGov has achieved a high level of growth and significantly increased profits. This performance reflects organic growth in the business as we develop new products and serve new clients as well as our successful acquisitions in the US, which are delivering ahead of expectations. The core model is working well across both the existing and acquired businesses as we explore new opportunities for continued growth. We have recently strengthened our management team to support our aim of driving the company more ambitiously. We expect good revenue growth to continue this year, despite the anticipated end of the historic contract in Iraq by the end of 2011. YouGov remains committed to making additional investments in new products and geographical expansion which will support further growth. The current year will see further benefits from our US acquisitions and continued gains in other markets. We are also more confident of improving profitability in Germany with new management now in place. We are developing new online panels to meet client demand. Our French panel has now grown to 50,000 and our Paris office is opening in November. We are also continuing to invest in our SixthSense reports business as well as launching a new reports business aimed at the investment community following successful trials this year. Our new interactive website goes live in November and will support innovative tools for social media analysis and marketing. Current trading is in line with the Board's expectations and with our strong balance sheet we remain confident of our ability to meet our clients' changing research needs despite increasing uncertainty in the macro-economic environment."
Operational Highlights · YouGov continues to increase market share · US now the largest market - revenue up 230% and acquisitions performing well · BrandIndex global revenue increased by 35% · UK revenue up 13% with Omnibus and SixthSense performing well · In the Middle East, regionally generated business continues to grow, partly offsetting the expected scaling down of historic contract · Good growth in Scandinavia with full year profitability re-established · In Germany, online products delivered an excellent performance but custom research performance remains challenging · Success of core model leading to new opportunities for growth · Current trading in line with the Board's expectations
Key Financials · Turnover of £56.1m (2010: £44.2m) 27% higher · Adjusted operating profit1 increased 40% to £5.3m. (2010: £3.8m) · Organic revenue growth of 9% - outperforming the research market · Good operating cash generation of £5.6m (2010: £4.9m) · Adjusted profit before tax2 improved 43% to £5.8m (2010: £4.0m) · Adjusted earnings per share3 increased by 88% to 4.7p (2010: 2.5p) · Reported operating profit of £0.4m (2010: loss of £10.6m4) after: · Amortisation of intangibles of £3.8m (2010: £3.7m) · Exceptional costs of £1.1m (2010: £2.8m) · Reported profit before tax of £0.4m (2010: loss of £10.6m4) · Balance sheet remains strong - net cash balances of £9.4m (2010: £15.6m) after making total acquisition payments of £8.1m
http://www.investegate.co.uk/Article.aspx?id=201110100702108401P
LOT ARE SO CHILDISH!
're so vain probably think this song is about you You're so vain I'll bet you think this song is about you Don't you? Don't you?
TALKIN TO ME !
Nice one ;)
VILL ALL BE BANNED - ADMIN
WILL BE SORRY TOMORROW
RE POO SMELLS
LOT ARE MAD
YouGov started with buy rating at Peel Hunt, target price 76p
Canaccord Genuity reiterated its "buy" rating for YouGov (YOU), the market research agency, with a 60p target price. The broker notes that the group posted in-line with consensus expectations interims with a 27% increase in revenues to 27 million pounds and a 57% jump in adjusted EBITDA to 2.2 million pounds. This, Canaccord said, suggests the group remains on track to make "significant progress" in the current financial year as part of an "ongoing turnaround trajectory." Shares in YouGov pushed up 0.5p to 53p.
In a move to to boost its business in the US corporate research market, online market research agency YouGov (YOU) has agreed to acquire Definitive Insights, a strategic market research consultancy based in Portland, Oregon, for a total expected amount of around 3 million pounds. Separately, the group announced a 64% jump in pre-tax profit for the half-year ended 31st January 2011 to 2.3 million pounds on revenue 26.8% greater at 27 million pounds. YouGov shares gained 0.5p to 51.25p.
it seems not much interest in this - its not a share in the limelight of course
Surely a good day on the cards here
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.