Member Info for johnmcclean

Radio is a differen animal completely. Denis o B copped that ages ago. but it still struggles to make money in ireland(if not state subsidized). If you look at the APN results in Australia you will see the biggest chunk of profits came from it's investment in Capital radio. That's why they had the rights issue to up their stake in it. Unfortunately inm couldn't get involved (Denis did though), but that extra APN dividend will be missed in the future. Tv, well here again state support makes the difference. Without it, in this country anyway, fighting off pay to view on Sky will be impossible. With the GAA even switching to follow the money that's a dodgy business as well. Pay to view TV will be common place in5 years. Oh and you pay a tv licence fee for your radio and tv as well. €160 per annum I think. That's a nice pay wall. Inm had 320 million revenue last year. 32 mil of that was from digital. They spent 10mil on capital infrastructure for digital so that's their focus. As paper circulation figures continue to drop so too will revenue. To pay for staff to provide quality content digital will need to step up to the plate more. Pay for content has to be the way. Not going to be easy but has to be done.

If there's a future here that has to be a major part of it. That applies to all papers no just inm. News will have to be paid for by someone.

Reported yesterday that the irish times will introduce a pay wall later this year. It's inevitable that inm will as well if they ever expect to make money from digital.

There's been a lot more positive news on pricing lately. Also with the recovery in the US skg is very well positioned to make gains there. Another positive is the the decline in the euro in the last while. There will be an exchange rate dividen by the end of the year I reckon.

Thst must be 10% of ths 20 back now. A much more realistic price but still way undervalued. Very happy to continue holding.

http://www.irishtimes.com/business/sectors/media-and-marketing/aib-moves-in-on-sir-anthony-o-reilly-1.1801950 Looks to me like he might need to sell all his shares, assuming he actually still owns them.

Up 4% in dublin now. Obviously some thought things could be worse. Increasing online ad revenue is the only bright light but it will be a while before it starts to make up for losses in traditional media.

Are you still confidant of 20c+ soon allmoyne?

That seems to be the favourite word in that report. Cost cutting is the only thing keeping them out of real trouble.

Reasons for buying '09. Inm was a company with a global reach. Ireland, uk, india, South Africa, Australia and New Zealand. Steady income but a depressed price after the 08 downturn. Well conected and ambitious management. Dominant market share in it's home market. I had watched as the markets collapsed and deciding it was a good time to invest. I drew up a list of irish companies I understood and narrowed the list to 7. It was a toss up between inm and airlingus but went for inm because of the reasons above. The rest is history. As for posting on the boi forum, as with yourself I'm not looking for acceptance, validation or anything else. Its just a bit of fun and passes the time on a slow day. I hope you don't take the whole thing to seriously. Nothing posted on here is going to make you or me richer or poorer. I do like to here yours and others views whether I agree or disagree and contribute a bit if I can. As you say, enjoy the game.

If your out and about this week just do a bit of market research. In any coffee shop, restaurant, pub ect you come accross have a look at how many people are reading a news paper. What is the ratio of them to people looking at phones or tablets and what is the age profile. Then ask yourself this question. Which is more likely, the guys looking at tablets will switch to papers or the guys reading papers will switch to tablets.

I have been a long term holder of inm because, like you I believed they had the potential to thrive as ireland recovered. But as I said before, the publication of the annual report in march was an eye opener. I believe that pay to view web content is the ONLY way inm can generate enough income to make a difference in the future. Cracking that is key but extremely different. I am now seriously contemplating selling out at a loss are reinvesting else where. The chance of inm reaching by break even point of 60c in the next 10 years even, is slim to none.

There's an article on inm in this month's bizplus magazine. Unfortunately, its no more positive then I am. They predict eps of 2.4c in 2014 rising slowly to 3c in 2018. Static turnover with profits been mantained by cost cutting. That's the way I see it too. I hope your right allmoyne, but to get anywhere close to 20c will need a big rabbit pulled out of DoB's hat.

Well Buffet did say markets can remain irrational longer than we can remain solvent. There is a least 20% upside here sooner or later.

Great results. Davy's price target of €24. I wish I had funds to buy a few more shares at this price.

Take time to read that report first before availing of this buying opportunity.

Allmoyne, like you I own bkir shares. They are down 20% give or take in the last while but it doesn't bother me at all because I can see how they will generate profits and value in time. For the life of me I can see nothing in inm's future that gives me any confidence it a bright future. It's not the day to day trades and ups and downs that worries me its the 2013 FY results.

I don't think Russia is to blame for all of the fall. I believe it's way over sold and I can't see a reason why it shouldn't recover fairly quickly. Q1 results on Friday and I'll be hugely surprised if their not on target. The guidance will be interesting but I would expect it to be reasonably positive.

I think this is a lost cause. If it was worth my while selling I would be gone tomorrow.

To my mind it's over sold already. A bit of over supply and price pressure but very little to justify this price. Agm on the 2nd of May so it will be interesting to see if that changes sentiment any.