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Good find .zstarz - I particularly like the following:-
Reasons for buying CityAM
However, there are four good reasons why the deal make a lot of sense.
THG already has a media arm and produces magazines for Myprotein and LOOKFANTASTIC.COM so there are some synergies.
CityAM’s website is tired and THG Ingenuity can help fix it.
THG will be able to grow its audience through CityAM’s monthly reach of two million people.
Although the purchase price hasn’t been revealed it will have been relatively cheap to buy a distressed asset.
In his blog LinkedIn, Moulding gives a fifth reason. “The fact that most of Britain’s media is foreign owned can’t be ideal,” he wrote. “Almost all the press have long abandoned their LSE listings. Even the Financial Times recently raised the white flag, left the LSE, and sold itself to the Japanese.
“So, while THG is mostly interested in building ad tech reach with CityAM, it has to be a good thing that one of the UK’s most influential business papers remains in UK ownership.”
Https://www.standard.co.uk/business/city-am-set-to-announce-new-buyer-today-adminsitration-thg-newspaper-freesheet-london-muncaster-b1096780.html
But managing director and co-founder Lawson Muncaster told the Standard that a buyer was found in time to prevent administration. The new group is UK-based and not a direct part of the media sector, but does already have some involvement in the space.
“They’re rich, they’re British, they’ve young and they’ve very clever,” he said.
@Manifesto - Good spot on the MM post likes. However, US Bank VP's are '10 a penny' (I remember seeing 'Honk if you're a VP' bumper stickers in New York years ago (or should I say fender stickers!!).
However, I totally agree - it's all adding up to something big in the offing (I hope!!)
They all say pretty much the same thing - but its all good coverage of the sale and THG..
https://news.sky.com/story/thg-hits-high-note-with-sale-of-music-retailer-zavvi-12924448
https://www.retailgazette.co.uk/blog/2023/07/thg-ondemand-division/
https://www.thebusinessdesk.com/northwest/news/2118008-thg-completes-disposal-of-non-core-assets-with-sale-of-ondemand-division
Have a look at THG coverage on marketbeat.com - just to confirm what we all know and believe already - it certainly gives me a warm glow!
https://www.marketbeat.com/stocks/LON/THG/chart/
Link to full article in Business Live...
https://www.business-live.co.uk/commercial-property/matthew-moulding-eyeing-sale-thgs-27255433?int_source=amp_continue_reading&int_medium=amp&int_campaign=continue_reading_button#amp-readmore-target
Latest update on THG website using analyst data from 29/06/23 -
Financial Year 2024 is looking very promising!
https://www.thg.com/investor-relations/analyst-consensus
GLA LTH's
@seepee and @modestguy (copy of my post from 18 April)
https://seeingmachines.com/wp-content/uploads/2022/11/FINAL_Seeing_Machines_2022_Annual_Report.pdf
Refer to seeing machines 2022 Annual report - pages 74 and 75 (33. Share-based payments plans)
Achievement of the following TSP performance
is required for each tranche to vest:
Tranche 1: £0.061
Tranche 2: £0.076
Tranche 3: £0.095
Tranche 4: £0.119 (Original vesting date 1st July 2023)
Tranche 5: £0.149 (Original vesting date 1st July 2024)
https://seeingmachines.com/wp-content/uploads/2022/11/FINAL_Seeing_Machines_2022_Annual_Report.pdf
Refer to seeing machines 2022 Annual report - pages 74 and 75 (33. Share-based payments plans)
Achievement of the following TSP performance
is required for each tranche to vest:
Tranche 1: £0.061
Tranche 2: £0.076
Tranche 3: £0.095
Tranche 4: £0.119 (Original vesting date 1st July 2023)
Tranche 5: £0.149 (Original vesting date 1st July 2024)
Seeing Machines Limited (AIM: SEE, "Seeing Machines" or the "Company"), the advanced computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety, was notified on 27 March 2023 that Lombard Odier Asset Management (Europe) Limited ("LAOME"), a person closely associated with the Company's Non-Executive Director, Michael Brown, acting in its capacity as discretionary investment manager for the account and on behalf of funds or accounts managed by it and/or as agent of Lombard Odier Asset Management (USA) Corp, acting as discretionary investment manager for the account and on behalf of funds or accounts managed by them has traded in the ordinary shares of Seeing Machines as set out below:
24 March 2023 Bought 2,000,000 ordinary shares at 5.54p
Following this transaction LOAME holds 632,777,965 ordinary shares, representing 15.24% of the Company's issued share capital.
Seeing Machines Limited (AIM: SEE, "Seeing Machines" or the "Company"), the advanced computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety, announces that on 7 February 2023, Istabraq Pty Limited (Katmai Investments A/C), a person closely associated with the Company's Chief Financial Officer, Martin Ive, purchased a total of 450,000 ordinary shares ("Ordinary Shares") in the Company at a price of 7.06 pence per Ordinary Share.
Following this purchase, Mr Ive is now beneficially interested in 4,450,000 Ordinary Shares, representing 0.1 per cent. of the issued share capital of the Company.