The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Hoping to see a £3+ finish, I think we will see a few big buys in the next 30-40 mins.
Always your decision, you have to go with your gut... I know how u must feel i been here pre RI too, but have a much lower average than yours. However i feel the Mecom is still massively undervalued at the current SP.... The best outcome for current holders would be a new CEO who has plans to sell of parts of the business. GL
Good luck Mate, Shame you have sold out... I think we have only seen the very start of things to come. I think you would seen a profit much sooner that you think.
Sold out a little early IMHO.... Now we have broken £3 this should move up nicely.... Time will tell.. GL
hold on to your hats....
Also looking at the 3 month Chart we now appear to have a Cup and Handle formation. We just need to break £3 then this will fly.
if we break £3, which i think we will this time we will see a very nice tick up indeed.... IMHO.... Your money thou. We need £4 minimum before i would even consider selling... This has so much potential in the short to medium term.
2 trading days after today, I think they may have news on the new CEO
I wonder if news is coming.....
LONDON (Reuters) - British newspaper publisher Mecom has rejected a proposal to loosen newspaper group Wegener of the parent company. The Financieele Dagblad reported Friday that according to sources. A number of Dutch banks last week would have tried to Wegener loosen Mecom. Mecom It would have to participate in a construction to the interest in Wegener back to around 50 percent of more than 86 percent now. Wegener also would then have to take over Media Groep Limburg wholly owned by Mecom. The plan leaked in an email that CEO Truls Rim Type of Wegener sent to the management team. According to sources, ING, ABN Amro and Rabobank involved in the plan. The proposal was rejected by the top of Mecom, because the "vague" and "totally unattractive 'would, according to FD.
then onwards and upwards. :)
Mecom, the newspaper publisher, has shown decent profits. Mecom showed that it's in control of its borrowing and it's just about to touch on its first time dividend payment. Its bout of cost-cutting is over and last year profits before one-offs were up 28% to 155.5m euros this year; margins grew from 8.4 % to 11%, and 12.5% is in prospect this year. The shares have been valued at less than six times this year's earnings, while forecast total dividend this year of 14p suggests a yield approaching 6%.
we may be short on stock..... 5% on little volume..... I've a feeling something is brewing!
We should be attacking £3 + on the back of these now
I'm thinking a order must be being filled, the sector has had a bit of a bad few weeks as a whole however the results out next week should show we are not following that trend. MEC is in a much better position than most. We should see this rise quite sharply again once the results are out... Following that we could have news of a new CEO, Dividends, or even a break-up scenario. It could be £3+ any day now.
trying to get some cheap stock before results next week. Should see a fairly good rise before the 16th.
Handle to the cup almost complete... Just need 294+ for strong breakout.
Almost complete... Then this will fly.