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Marathon selling down still
Irish Times Business ‏@IrishTimesBiz · 10m (INM) Independent News & Media swaps PwC for KPMG and slashes audit fees:
Can't see it, if that was any way foreseen , restructuring would have failed ....unlimited potential here, all it needs is economic growth, has untied its debt burden before interest rate rises strike...... Good luck
We have witness one of the greatest vendettas in history and when the line is drawn, the victor will rise .
People only pay for hard copies, that's why I like print media
Most Radio and TV don't have paywalls just well structured advertising revenues.I can't see pay walls working for national daily papers, even Ft struggles.
Tony o`s birthday today wonder is he out completely now!(before agm)
Yes...... 18% rise in digital adverts Not buying or selling till after June central bank meetings I think they are going to do something new!
http://www.rte.ie/news/business/2014/0519/618390-inm-management-statement/
I`d did very similar .a.my last 2 were Smurfit kappa and independent. My original punt in indo is down 80% where the "what if" is up 1500%. I still think you are underselling what will be a great recovery stock, it has only started to recover and this year needs to be its "miracle" year .After staying on board since 09 I think you deserve to be on board for the up swing, unless its keeping food off the table ,give it another year. Last year seen a rise of 900% but only after a 95% +drop and that was during its bad year. As with bank of Ireland I believe these 10year predictions, that everyone seems to cap there investments with, are way way undervalued, that they aren't factoring in any sort of popular overshoot of value, that all stock benefit from. We have seen the wheel turn ,guessed bottom to soon, took a loss, hit bottom ,turned corner ,NOW we hold.
I said already that when in a recession, nobody buys a paper,i myself only buy a paper on a Sunday. The latte brigade are always more likely to have book than a newspaper ,even in good times. I fully respect your opinion ,I do see its decline, and have seen print media die a death in the 80`s but I have seen its revival. People ,even the tablet age, will in good times return to black and white,i have witness many times ,even lately ,when big news happens the tablets get side step for a hard copy. I also agree that if you aren't of the belief that print has a future, you would be Daft to hold i.n.m. My only question is, what on earth made you invest in print media in the first place? Sounds like your money should be in the over inflated tech sector rather than the penny stock old dog. I do hope you stay in long enough to recoup something, either way your boi is a winner anyway, I all so admire your analysts on both stock but I think you are looking for short term breakthroughs, which I believe will come, but they normally come unannounced and don't need constant focus on news or central bank statements. I have to say as well that the bkir posters aren't very excepting of new comers to say the least! Enjoy the game (1 more thing, for ship the size of i.n.m. to be covering cost in this market says a lot for its future)
As for pay to view content, that is not a successful strategy for any web based business, online ad revenue is the only proven revenue. If you are convinced that online is the only future, i.n.m. ain't the best choice.My investment ,is based, on my belief, that the newspaper business is seen as a dead dog, and completely disagree. I don't believe I would convince many people at the moment, but now isn't the time.
My break even point was 88c but I had the strength of my conviction and bought in again and have brought my average down ,to near 10c ,with a further investment of less than my original. inm have just managed to get a Hugh debt write down because of 2013 performance. So the strategy of management in 2013 was to have a negative to flat year, or else no deal could have been possible.(you are now reading that report and agreeing with the banks) I love online media but if I thought that print revenue was not going to thrive again I`d agree with you and sell, but I don't agree. RCA was tipped to kill print in the 1920s and the BBC in the 1950/60 and www. Wont do it either. Newspapers go hand in hand with a successful economy, and the figures you are looking at, are the worst they could ever be(not a greatly timed judgement day on your long investment). So, in summary, they had and needed a dark report 2013 and it was confirm obviously ! Here and now is where everything changes.I don't need to be reminded of how smart people looked and felt with a news paper in front of them, with the property section open, during the boom and looking up my home, was only a secondary source.I believe print has a social statement that the internet will always lack. EYEOPENER how could obviously dark report ,when confirm, open any new thought??? Glad to see anyone whom has the strength of conviction to invest, but my one and only advise on all reports is to consider the strategy behind them.Go long good luck
What was the strategy behind the article? Why was it printed? You read it and agreed ,and because of it you have but a limit on your investment. All listed companies use media too help consolidate stock, or to off load overheated stock. I am going long and wont be influenced.! Love to read post/blogs/articles but it never effects my strategy, and time has thought me that more times than most, it misinforms!!
Its passed the test (high volume movement),onwards and upwards, rally coming ...glad to have held, time to quest next high......25c
Well its moving now ,which way, time will tell.... good luck too all on board!
Nice volumes again!
I would be surprised if there was anything good in that report, what lies would their poverty plea be seen as ,if a good report followed their debt forgiveness.If they make small profit this year ,after overheads ,then what a future it will have when advertisements/circulation picks up.I have no doubt this is a pre-rally bear trap, but time will tell. I am long enough investing to realise that the important part about results ,is not what is reported, but the strategy behind what is! Good luck all
2013 report published, Big envelope in post pity it hasn't a dividend cheque just yet,....... As for sp ,I am surprised but its another buy op. I suppose !gla
With their newly agreed debt write down ,I don't see why they wont make a reasonable return this year, and you will not find a better hatchet for making changes than DOB and crew.It is by far the simplest way to buy into the machine of DOB, my only fear is that he takes all the cream for himself(like with APN,as Lucan pointed out) Yes ,my 2 Irish recovery stock, i am in the black in both, but its been a long struggle.gla(when the men at the top see value the bottom men will follow eventually)