The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Estimated debt €68 mill thats about £57 mill. If we take mid range of EBITDA its about £63 mill, if we take a look at the EBITDA ratios we get. I personal think EBITDA of 4.5 to 5 is realistic. At 3 times EBITDA £63m * 3 = 189m - 57m debt /121 shares in issue = £1.09 At 4 times EBITDA £63m * 4 = 252m - 57m debt /121 shares in issue = £1.61 At 5 times EBITDA £63m * 5 = 315m - 57m debt /121 shares in issue = £2.13 At 6 times EBITDA £63m * 6 = 315m - 57m debt /121 shares in issue = £2.65 We could easily double from here.
should be on track to move upwards towards £1
somebody is trying to hover these up.... I've a feeling this is being held back until a large order is complete...
this is what we need to penetrate, for our next leg up....
Numis now expects net debt to end this year at €66.8 million implying a reassuring net debt/EBITDA ratio of 0.9 times based on its new 2013 €75.3 EBITDA forecast. Further good news may come in January when full details of the impact of cost savings following renegotiated contracts for Mecom’s Dutch employees are revealed. These negotiations have already returned €5 million of savings this year. Discussions are ongoing with banks ahead of the lending facilities expiring in October 2014, and if concluded before March’s finals it could open the door to the resumption of dividend payments. Numis has a 130p price target, I personally think this could go much higher!
S600, I'm not sure i follow what your suggesting? I agree the volume has been fair to large for it to be PI alone... However II's will be offloading or accumulating between themselves setting their respective positions before the close of the year. They do not need to disclose this information until a specific threshold has been reached.
So what's your thoughts S600?
seems we have a buyer in background... Is a sale around the corner?
here we go.. :)
Two prominent advertising firms are forecasting worldwide advertising growth of 5% to 6.5% next year as marketers gear up for the Winter Olympics and the World Cup. Magna Global on Monday estimated that worldwide advertising spending would increase 6.5% in 2014 to reach nearly $522 billion. Think we maybe slowly turning the corner.
I think you are correct if we can pass 77p then we should have a nice rise up to around £1. I topped up at 68p as I've been expecting this breakout for the past few weeks. Bonkers I be interested to hear your thoughts?
finally starting to tick up...
I'm not sure I follow your message bez?
I think we have a new ii on board... private investors only have around 10 % give or take a few % of these so once the need our shares the sp will be pushed up. The outlook is looking good, debt massively reduced, streamlined business, paywalls are creating revenue now after a bumpy start and most importantly advertising in picking back up as the economic outlook is looking the best it has for many years. Trading update after Xmas should highlight this followed by a quick correction in the sp.
Breakout in the cards this week... Buying pressure is returning.
Hopefully next week :) it's gonna move sooner or later.
http://www.proactiveinvestors.co.uk/companies/news/63457/daily-mail-shares-rise-as-digital-investment-pays-off-63457.html I'd expect mecom to also benefit from this.
The pattern finally received a confirmation because the prices crossed the confirmation level which was at 70.2500. The bullish pattern that was previously identified is finally confirmed. Onwards and upwards from here
cup and handle pattern... Once we move to mid 70's then then this formation will be complete, quickly followed by a significant spike in the share price.
Cheers bonker99, very interesting. This share is due a upward correction, just a question of when.