Surprised you left beachside, thought you'd be sticking around a bit longer. I'm hoping that this share can get to the £2 mark. Still massively undervalued. Ev of 2.5 times ebitda. I could take a gain now bit there's nothing out there that offers the same value. Company isn't particularly attractive to investor but will definitely deliver more than its market cap over the next 3 years. Will probably have to wait til April and trading statement for any further movements upward.
Wonder what will happen with this, hopefully will be resolved soon. Either way looks good bit quite like he idea of a debt free business. Will be hard to resist debt free and an ev of c2.5 times ebitda.
Nice to see the results. The debt level surprised me. Could be pretty much debt free if latest sale goes through. Either way this company is still undervalued. Dare I say it, this share could get to the £2.50 mark eventually. Good luck all. This will go up from here IMO. Good luck all, been a pleasure!!
£1.40 would be very nice, indeed. Fingers crossed . GLA
Bought shares In these and Mecom. To be fair feel that mecom offers better value but with reduced debt pile this can move up but 300m is a big pile of cash to pay down.
Not sure I get what your on about bez(). Mecom also doesn't pay a divvy but up about 30% since your similar comment last month so fingers crossed
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...am I missing something?!
Agree Well! Looking forward to Jan, think the sooner debts are reduced the better. Can only see it going one way. Wouldn't be surprised if its trading at over £2 this time next year. Economy turning round and the business having the opportunity to find its feet.
Like the look of this share, was thinking about buying in a 6's it got that low. Maybe a bit greedy. Can see a good return in the medium term
Errrr
Boom!
Don't believe in charting but this will move up on disposals in short term. I'm happy to sit and wait it out but think the potential of this business is huge. £1.50 is definitely a long term target for me.
Don't believe in charting.
I reckon this will be at the £1 mark by end of year. Personally I'm selling at £1.20, decided that a long time ago. compared to TNI, this has less debt and greater revenue yet company is valued at a fraction. I know earnings are lower but potential for them to at least remain flat if managed correctly. So much more attractive than JPR also.
Beachside, thanks! I'm not sure where you get such in depth analysis from but appreciate the updates.
Nice bit of business. IMO free regional newspaper business is the most under threat so happy to see mecom dispose of this side of the business at the right price.
Just compared it with a few other comps in this sector. In each case lower debt, greater turnover, similar earnings and lower market cap. Typical ebitda multiplier of 4 for this sector values business at c£1.30.
These shares are boring the ring off me.
Looked at this share a lot lately and just cannot understand where potential risks are...If Mec were to sell the Danish business alone it would be debt free with Earnings of around half it's market cap. Surely edging back up towards the £ mark following a positive Q3 update.