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Sorry that wasn't a difference, that was something both companies have in common.
Neither companies have a commercial find?
Unfortunately been christmas shopping, but thankfully it's nearly all done.
"so in the meantime i'll carry on spouting rubbish here to fill the boards whilst the likes of duck and hoper and the others are willing to keep me occupied." Carry on talking rubbish by all means - you are not alone and you are very good at it.
When did the company say they had a "Massive oil find"? I can't recall reading that in the RNS.
No details of any disposals, a drop in advertising spending and increasing debt - though to be fair the 3rd quarter always seems to be bad for debt levels. On the plus side EBITDA and EPS are both on target, with lower than expected debt levels forcast for the year end. The results are pretty much what was expected, but I can't see the market getting too excited by them. The SP will most likely drop a couple of pence and stay there until we get some positive news about disposals.
Hopefully we will get a update from MEC about how much interest there has been on Thursday when they publish the IMS. It would certainly help if we got several bidders for both the Dutch and Danish business - fingers crossed.
Keep up the good work, we don't get much info from the British press. Nice to see L&G buying a few more shares.
Good posts - It would certainly help the SP if we got a reasonable offer.
Very impressed by the results especially the outlook, but annoyed because I had planned to buy in before they were announced. Got carried away doing other things etc. Still might buy for the longer term if the SP doesn't go too crazy today. Well done to holders it makes a change to get a decent RNS from a media company.
I think over the next few days you'll see 75p - if europe behaves that is. If they sell up the Danish and Polish titles it will easily pay off the debt, leaving the Dutch business - the jewel in the crown - valued at around £80 million. That should easily be worth double that and I'm being very conservative.
At first glance no nasty surprise, full year EBITDA on target between 85 - 95 million euro's and a very decent 6c dividend. Reading between the lines it looks like they have put the company up fo sale. MEC looks very undervalued to me - lets see what the market thinks.
I think we would have had an RNS if they bought their own shares, but I agree it would seem crazy not to at these prices.
I think it might higher, but it's all guesswork and we find out tomorrow. Big day for you Yell and Mec both reporting - I bet you won't need the alarm setting!
In the past Mecom have always spoke well about the Danish business, so I would think it's a valuble asset, but at the last update it seemed to be struggling like Holland and Poland. Tomorrow should be interesting - lets hope it's not expensive for us!
I think that was the original intention when they decided to sell Edda Media, but then they had to fork out tens of millions to get out of some long-term contracts and the plan seemed to fall by the wayside. The impression I get is the large shareholders have basically told the board to sell up and they do have a history of getting good prices. Hopefully they will return any money recieved to shareholders, I think more or less anything they say tomorrow will help the SP - unless it's just carrying on as normal.
It's difficult to know what to expect tomorrow, we know after the last trading statement that the figures will be disappointing, but has the drop in advertising leveled out? I'm more interested to hear what MEC's plan is for the future. They have said they have no plans to replace the CEO so are they putting themselves up for sale? Have they anyone interested in buying part or all of the company? Hopefully we will get some clear guidance.
Hope it is a daft decision - no offence I bought in tuesday - but it's looking OK at the moment.