The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Some news over the weekend... New CEO or breakup news will do just fine.
I'd wait five years for £20. Lol. I currently have a similar average of around 1.70.... So well in profit after a painful 2 years.. However most II's averages are very high and want there money back... The SP is going up whatever happens :)
I agree the future looks great for mecom however for me any manny others (including II's) a breakup represents the best option to release value quickly... Why wait until 2013 for a slow a steady SP increase when £6+ can be easily achieved in the short term. I've already been in MEC for over 2 years, I'd prefer not to wait another two years... Saying that... I have a target and won't be going anywhere until that target is reached. But if I had the option I know which one I would choose!
New CEO to oversee breakup Several interested parties. Sale between (6 to 9) approx 7.5 At 2011 EBITDA
http://www.guardian.co.uk/media/2011/jan/16/preston-montgomery-mecom Rather liked this bit.... Earnings up from €121m last year to €155m this time round. Share price stupidly low in the circumstances, say the analysts. Buy, buy, buy… A rather sad little tune as they sing bye-bye to Monty.
- Munsterman with help of Billionaire Boekhoorn take over rumors - Dividends - New CEO to be announcement in the pipeline - breakup possibility - mergers - Strong support Basically all good..... For me a break-up would be certainly the best option.... I can see a new 52wk high at some-point today - then this is going to take off.
I wonder if the plan is to bring in some to sell it off... If so this will double... Let's hope so
Other small cap broker action has seen Mecom Group (LON:MEC) maintained as a Buy by Numis Securities Ltd. Target is set at 400. Mecom shares are higher by 10% at mid day in London.
Who has not been notified about this vote... Surely which what's at stake this is illegal practice?
Mecom, the pan-European newspaper group, could issue a better-than-expected trading update. Investors are eager to find out whether an appointment of a new chief executive will be announced. However, sources said this is unlikely to come this week. The lack of clarity over who will become chief executive or whether company founder David Montgomery could stay on, alongside any potential shift in strategy, has led to some market uncertainty. However, analysts at Collins Stewart believe the trading backdrop for Mecom is improving. "We think that the significant positive shift in cash generation in 2011 will help to drive a rerating in the shares, demonstrating the relative strength of the balance sheet, the strong cash flow and the ability to grow earnings through deleverage," it said. Over the past three years, one of the key management focuses has been paying down the debt built up in the Wegener acquisition. Collins Stewart said: "Cash restructuring costs have been high and have significantly masked the strong cash generating capabilities of the business. We believe that this will become strongly apparent in 2011."
I wish the II's and DM would stop playing silly buggers. If they can't find a suitable replacement then it makes sense for DM to remain in the current position. Why cut of your nose to spite your face.... We all know the SP is very low indeed but that is the market sentiment and I'm sure the end of year figures will speak for volumes.. The II's want DM out they should not have shown their hand unless they had a clear plan in place... They are as much to blame for the SP dip as DM IMHO.
That a newspaper company is so bad at releasing news of it's own.
was thinking the same, surely can't be long now until this shifts. hopefully we should see activity in the next couple of weeks.
Replacement.... Trinity Mirror executive Sly Bailey on shortlist to succeed Montgomery at Mecom
stock will be cleared this week, then onwards and upwards.....
maybe in the morning.
in progress.. After the spike i think they are waiting for it to retrace before they continue.... So see a few more big trade this afternoon.... takeover?
got some at 208, which not too bad...
not sure what is driving this down, the only thing i can think of is the lack of news........ Im sure this will rebound very quickly thou...... If it drops any lower I will also be filling my boots. I don't think it will break £2 thou.