Member Info for ShareNicelyNow

Somebody on the 'other board' has posted a link to the full IC pdf report - this is part of IC's Alpha additional subscription section. I have decided not to repost the link here, but I'm sure you can all find it without much effort. Hint ad.vfn.

Held in Treasury - but legally classed as 'dormant'. I think there is a very fine line / grey muddy water between this and 'cancelled'. For all practical purposes they don't exist anymore - the share capital is reduced in the company's balance sheet, and the share count is lower for earnings per share.

In theory the shares could be woken up and reissued, but if more shares are needed, the company could just as easily create and issue new shares, for example for a takeover, or to raise fresh capital (a it did for the Nasdaq listing).

Better late, than never
https://investors.tremorinternational.com/news-releases/news-release-details/comscore-and-tremor-international-partner-deliver-expanded

Addition to the data management platform - another positive development
https://www.research-live.com/article/news/comscore-partners-with-tremor/id/5097522

Blurb about Comscore from elsewhere:
Comscore is the industry’s leading, third-party source for reliable and comprehensive media and advertising measurement across all media platforms. With a data footprint that combines digital, linear TV, over-the-top and theatrical viewership intelligence with advanced audience insights, Comscore allows media buyers and sellers to quantify their multiscreen behavior and make business decisions with confidence.

With the largest and most representative TV viewing measurement footprint covering all 210 local markets across 75MM TV screens—including STBs from every major cable and satellite provider—Comscore provides the most reliable, consistent and granular modern TV measurement the industry needs today. Comscore local TV measurement uses a singular methodology across all 210 local markets irrespective of their size, which is powered by passive, continuous and impartial return path device data 24/7/365. Additionally, Comscore is the only data provider that delivers agencies and advertisers access to Advanced TV Audiences at scale based on their interests, behavior and lifestyle preferences.

https://www.msn.com/en-gb/news/uknews/ministers-prepare-to-take-control-of-giant-gazprom-retail-supply-arm-within-days/ar-AAVOqV3?ocid=msedgntp&cvid=48c8c704ed69420ae70bc65c8fda8e9f

Ha! Not very liquid !!! ie illiquid!

Has any one got Level 2 access? If so, what does it show? For example, is there a ton of shares on the book on offer from a seller, being offered at prices above the market price? Say 100,000 at 630 - 640, for someone like Finncap to buy should they choose to? This stock has always been not very illiquid to me, and have found large trades normally difficult. I am fascinated by the large amounts being bought back in the buyback - somewhere at 10 times the rate of the previous buybacks - where are these shares coming from???? Either lose shares that are churned by inter day algos / real UK holders selling / short term traders selling who bought at the recent lows of 500p (eg me, but I'm still holding) / US holders doing arbitrage or even selling out (assuming that by now it's relatively easy to swap shares and ads both ways (eg Tosca has done this)?? in addition, 450, 000 ads shorts (900,000 shares) have closed ie shares bought on Nasdaq.

Or is it all macro factors - a coming recession / correction / crash? On the positive side, chart wise still good, MAs correctly lines up and the 20 day giving support - on both sides of the pond.

Genuine question re Level 2 - appreciate any body's insights.

Investor Meet presentation is now archived for viewing at leisure. Comes across well, and worth watching. They confirm Q1 revenue is now over £14m - this, I think, beats last Q4, if the one off biggy is taken out. Also, they look forward to beating market expectations - a bit strange, when market expectations are based on their guidance anyway! In plainer English - guidance given will be comfortably met, however, it is too early in the year to judge how good the year will turn out to be. £14m in Q1, with further Q on Q growth - £60m is an easy call to beat.

Canaccord raise broker target to 120p (12 months)

https://www.v.o.x.markets.co.uk/articles/q-a-with-equals-group-ceo-ian-strafford-taylor-cfo-richard-cooper-6d70ca2/
(take out the dots in v.o.x)

Slide deck available on IR site, as is the analyst presentation. Investor Meet presentation is this evening.

Results all in line with expectations, as are revenue figures for Q1. As ever, the company is being very conservative in forward guidance (about £9m EBITDA for 2022). Solutions has a long way to go, as current customers move more of their business over to Equals and new customers on board (already up £1m Q on Q, £4m annualised).

SP will take care of itself. Healthy trading today, but balanced between buyers and sellers. Some profit takers selling into good volume, perhaps CA selling into a heavy trading day. ??? The business and the SP are both only going to go one way over the next 3 - 6 months. At the end of the day, it's each to their own opinion as to by how much expectations are exceeded this year. Upgrades will come at each trading announcement as appropriate, and the SP will react. Give it few days / a week before the SP settles following the results. It may take a few days for institutions to act / negotiate their trades between themselves.

Being conservative, we can expect at least £60m revenue and £10m EBITDA (2022) - which is slightly more than the company & Paul Hill are suggesting (for now). The business has the latest tec, is attracting some larger and quality customers and should do well, medium term and beyond. The better its tec gets, the more likely it is a takeover target to get the tec quickly without having to build it themselves (for the acquirer).

Correction - O/hs are up £3m, H2 on H1 (approx £3m H1, £6m H2, Total £9m for the year).

Annual Report available - includes various extra info and graphics not in the results rns. Interesting graphic on growth model to revenue of £500m, and beyond - impact of 'renewal of renewals' growth then really takes off!

https://www.yugroupplc.com/results-centre/

It is worth taking full year accounts and subtracting the interim accounts, to give a P&L account for H2. Of note is a revenue of 89,427, gross profit of 9,920, giving a gross margin of 11.1%. Bad debts are about 3.4% of revenue (the company had previously indicated a 2.5% target) and general ohs are £6m up H2 on H1, showing massive increase in costs from having the new offices. Obviously, 2022 interims will show a similar large rise in costs (over H1 2021), which will negate the expected H1 increase in turnover (which should be at least the same as H2 2021). The market can see this and is marking the sp down - it is being risk averse, and to be fair, deservedly so. The market is not going to price in a profit that is not yet there.

The reverse is equally true - a superb buying opportunity if in your opinion a decent profit will be there.

Yes, not one to be out of now (for traders or investors). Chart looking strong and moving averages converging. May be resistance at the 200 day, especially using exponential MAs.

Decent Q1 results should point towards 2022 EBITDA of the $200m mark. Even a 10 times rating would put us at nearly twice where we are, 15 times is at Finncaps target. Should be a good 2 - 3 months rise here.

As you all probably know, Results are Wednesday. The analysts' presentation will be made available on the IR website afterwards.

However, there is also a retail investor presentation at 6pm, on the Investor Meet site (free to register, no spam, no gimmicks), with questions from retail investors. Details here - they have used this site before, and previous presentations are archived for viewing - https://www.equalsplc.com/content/news/rnsreacharchive/2021/220322

Expect an interview on V.o.x Markets as well, first thing, with Paul Hill (I'm guessing, but again it's a publicity route the company usually uses). Q1 update will set the tone forwards for the year. Should be well up on Q1 last year. As very nearly all 2021 EBITDA will be second half weighted, good Q1 figures should point to a large 2022 annual increase in EBITDA. Current sp is well supported on 2021 figures alone, so an upward move in sp should be expected. (But no guarantees with markets!)

Mal - I suggest you look at the latest short total Stateside. You might just be persuaded otherwise. Having said that, every body ought to to take a look!

I've had some laughable censoring on here. I referred to a company's s.w.a.n.k.y new head office once, and they bleeped the middle four letters!

Re Vox interview
Mentions the business model metrics going forwards re EBITDA margins. States £250m at 2% ie 5m, then to £300m at 3%, giving 9m profit. A clear roadmap to some serious profits. Also says newer contracts are on better margins, so a further increase in gross margin is expected. These figures were just rolled of his tongue - likely to be 'official' company targets / plans for the next two years. ie these are internal company forecasts / expectations / plans / model, and will be the lower end of expectations. Excluding any acquisitions.

Therefore, expect £250 - £300m revenue for 2022. My previous post gives my pretty basic model for 2022 - 5m profit expected! I did what BK suggested - your listeners can do their own maths!

Thanks for the posts and comments. See you all at the next update, cheers!

https://www.cityam.com/wp-content/uploads/2022/03/Screen-Shot-2022-03-22-at-16.12.11.png

From article, probably from analyst presentation - good view of market, and acquisitions potential.

https://www.cityam.com/exclusive-yu-group-boss-hopes-to-pick-low-hanging-fruit-from-big-six-suppliers/
(this link hopefully works)

As hinted at earlier, ads are due to come to Disney+. Netflix also thought to be giving this consideration.
"As more publishers like Disney and Netflix consider running ad-supported CTV channels, the market opportunity grows for companies like Magnite. "

https://www.fool.com/investing/2022/03/22/this-sneaky-stock-could-be-a-winner-thanks-to-disn/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article

Turnover 280m, gross profit at 11% = 31m.
Overheads at 15m (5.3% of turnover, continuing the trend down as scale goes up)
Bad debts at 11m (nearly 4% of revenue – they warn of increase bad debt risk due to higher prices which will hit SMEs hard)
Trading profit of 5m, not expecting a tax liability due to losses in hand and derivative gains / losses are irrelevant. Eps of about 31p

Increases in costs may be brutal, but don’t want to be caught out again by under estimating. Contracted revenue at end of Dec does not include Ampower – they were put on to variable tariffs. Adjust for this and real revenue booked for 2022 is comfortably over 200m already.