The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
MM's holding this back whilst orders being filled IMHO. Bonkers be interested to hear you view regarding recent charts
Your choice Jbows, however I would do your own research rather than take advise from BB members.
Mecom's valuation is way below the market valuation of its peer group? Not just lower it is significantly lower than the average of its sector. Peers financial ratios are twice and three times our value and in most cases we have less debt.
EBITDA currently less than 2.5, which is still extremely low... Even 5 x EBITDA is still conservative which gives us approx 275p This could easily double at these levels.
Plus we are now much more of a well oil machine, and having reduced operations cost we have a saving of approx €30 million expected to be achieved by the end of 2014. That's almost equivalent to net debt. Crazy how the SP remains so low.
over 9 million traded today... Someone is accumulating in bulk.. More of the same tomorrow. Looks like we have a clear run up-to 150 from here.... Possibly 190.
This will tick up nicely over the next few months approaching the year end figures in March, with the possibility of the dividend reintroduced.... think 150 is a very conservative view.
On the ask
Estimated debt €87 mill thats about £72.5 mill. And debt £32m Even at low EBITDA multiples At 3 times EBITDA £72.5m * 3 = 217.5m - 32m debt /121 shares in issue = £1.53 At 4 times EBITDA £72.5m * 4 = 290m - 32m debt /121 shares in issue = £2.13
Very positive. Much better than expected.
Think we will have a pleasant surprise :) GL All
I think results will be better than expected. So am expecting a significant tick up! We have weathered the storm and conditions are generally improving in the Netherlands. Advertising seems to be finally heading in the right direction, and typical Q4 is where we get our best results. If you compare us to our peers we look extremely undervalued at these levels! GL
What's your thoughts on the situation?
i think we sill see a steady rise from here on in
Much larger than expected today... Someone is taking a position before the 15th jan. imho
No this should be double, at least.. Correction due mid Jan I think.
The British publisher Mecom - owner of the Limburg newspapers - at the last moment pulled the plug out of the sales process of Limburg Media Group It appears that Mecom is no longer willing to sell LMG. Against predetermined price The reason: Mecom looks much perspective in the predicted financial results of the local newspapers after a major cutbacks, that they want to preserve the LMG. The past six months Radix has made great efforts to shape the company for a healthy future. There are 60 jobs deleted. The proposed cuts have resulted in 7.5 million, the cost should ensure the profitability of the publishing company in the long term. They obviously see some real value here and where reluctant to let it go for the agreed price. What's your thoughts Beechside? Source: http://translate.google.com/translate?sl=auto&tl=en&u=http%3A//www.limburger.nl/article/20131218/REGIONIEUWS01/131218782/1056
Do you have the full article?
€52 million of disposals agreed during H1 2013 (composite EBITDA multiple = 5.7x) So on that basis if we should sell the rest of the business at an equivalent level We get £2.50p