The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Never thought WHUFC had a future except pound land!
No driver wants to deliver to the UK now, so the UK is
going to see its freight supply dry up," France's FNTR national
road haulage federation said.
The global alarm was reflected in financial markets.
European shares slumped, with travel and leisure stocks
bearing the brunt of the pain; British Airways-owner IAG
and easyJet fell about 8%, while Air France KLM
FTSE 100 set for fresh falls amid grim realities of coronavirus pandemic mutation and possibility of a no-deal Brexit
2020-12-22 06:10:00
Spread betting firm IG Group expects the blue-chip index to open around 24 points lower at 6,3912, having plunged 112.86 points on Monday
Investors flee mutant Covid strain as £30bn wiped off FTSE 100
Shares tumble around the world and sterling suffers as borders are closed and economists warn of double dip recession
Acquisition of the
Acquisition of Retail Meetup
Mon, 21st Dec 2020 17:55
RNS Number : 4381J
Hyve Group PLC
21 December 2020
Hyve Group plc
("Hyve" or the "Group")
Acquisition of Retail Meetup to accelerate omnichannel strategy
· First of its kind digital networking format and technology with proven monetisation
· Initially adds four high quality fully digital events to accelerate evolution of omnichannel strategy
· Earnings enhancing in first full year of ownership and immediately brand enhancing
Hyve Group plc today announces the acquisition of Retail Meetup, LLC ("Retail Meetup") for an initial consideration of £18.8m1, with an earn out capped at £9.0m1 based on the EBITDA of the two events scheduled for FY21, payable in Q4 FY21. Retail Meetup is a first of its kind digital event format for the ecommerce market that enables attendees to network and trade at scale. The acquisition will be funded through existing debt facilities and cash reserves.
A proof of concept for the format, Shoptalk Meetup, took place in October 2020, delivering more than 18,000 meetups over 12 hours, among 2,100 participants, achieving outstanding customer feedback and delivering revenue of £1.8m2 and EBITDA of £1.4m2.
Following the success of this first event, four additional events are now planned for 2021 (two in FY21 and two in FY22), with a highly encouraging initial customer response and strong sales performance. Groceryshop Spring Meetup (9-11 March 2021) and Shoptalk Meetup for Women (11-13 May 2021) are scheduled to take place in FY21, while Shoptalk Europe Meetup (dates tbc) and Shoptalk Fall Meetup (19-21 October 2021), are scheduled for FY22. All are planned at times of the year to be complementary to the in-person event, giving Shoptalk and Groceryshop the opportunity to meet customer needs at multiple points through the year. Retail Meetup predominantly generates revenue through paid ticket sales and fees for certain types of meetings, with the potential to sell sponsorship, which has already been validated by early sales on 2021 Meetups.
COVID-19 has demonstrated that whilst in-person events remain a critical forum to learn, network and trade, customers now want more touchpoints across the year in a more diverse range of formats. An omnichannel strategy is the only way to meet this evolving customer need. Retail Meetup provides Hyve a flagship digital format, showing that digital online events can cater to the customer need to network and trade, whereas previous webinars and other virtual versions of in-person events have largely been limited to learning and brand marketing.
Acquisition highlights:
· Accelerates Hyve's digital evolution and delivery of Hyve's omnichannel strategy
· Proven monetisation through the October 2020 proof of concept event, Shoptalk Meetup. Retail Meetup is expected to generate revenue of £1.8m2 and EBITDA of £1.4m2 in the year ending 31 December 2020 with gross assets at
Lightning speed
Prof Wendy Barclay, from Nervtag and Imperial College London, said the mutations to the virus appeared to be making it easier to walk through the doorways that were there.
She said this could be putting children on a "more level playing field" with adults as the virus was "less inhibited" in children.
Prof Barclay said: "Therefore children are equally susceptible, perhaps, to this virus as adults, and therefore given their mixing patterns, you would expect to see more children being infected."
Scientists are urgently investigating hints the new variant of coronavirus spreads more easily in children.
If proven, this could account for "a significant proportion" of the increase in transmission, they say.
The claim comes from members of the government's New and Emerging Respiratory Virus Threats advisory group (Nervtag).
On Monday, Boris Johnson said he wanted to open schools in January "if we possibly can".
There are no suggestions the new form of the virus is a greater threat to children's health
Yesterday Hyve just purchased Meet up for 28 million they're not cash poor!
See article below + yesterday's RNS regards events and revenue.
Hyve Group plc today announces the acquisition of Retail Meetup, LLC ("Retail Meetup") for an initial consideration of £18.8m1, with an earn out capped at £9.0m1 based on the EBITDA of the two events scheduled for FY21, payable in Q4 FY21. Retail Meetup is a first of its kind digital event format for the ecommerce market that enables attendees to network and trade at scale. The acquisition will be funded through existing debt facilities and cash reserves.
A proof of concept for the format, Shoptalk Meetup, took place in October 2020, delivering more than 18,000 meetups over 12 hours, among 2,100 participants, achieving outstanding customer feedback and delivering revenue of £1.8m2 and EBITDA of £1.4m2.
https://www.sharesmagazine.co.uk/news/market/LSE20201221175512_3822708/Acquisition-of-Retail-Meetup
https://www.sharesmagazine.co.uk/news/market/LSE20201221175512_3822708/Acquisition-of-Retail-Meetup
21 December 2020
Hyve Group plc
("Hyve" or the "Group")
Acquisition of Retail Meetup to accelerate omnichannel strategy
· First of its kind digital networking format and technology with proven monetisation
· Initially adds four high quality fully digital events to accelerate evolution of omnichannel strategy
· Earnings enhancing in first full year of ownership and immediately brand enhancing
Hyve Group plc today announces the acquisition of Retail Meetup, LLC ("Retail Meetup") for an initial consideration of £18.8m1, with an earn out capped at £9.0m1 based on the EBITDA of the two events scheduled for FY21, payable in Q4 FY21. Retail Meetup is a first of its kind digital event format for the ecommerce market that enables attendees to network and trade at scale. The acquisition will be funded through existing debt facilities and cash reserves.
A proof of concept for the format, Shoptalk Meetup, took place in October 2020, delivering more than 18,000 meetups over 12 hours, among 2,100 participants, achieving outstanding customer feedback and delivering revenue of £1.8m2 and EBITDA of £1.4m2.
Following the success of this first event, four additional events are now planned for 2021 (two in FY21 and two in FY22), with a highly encouraging initial customer response and strong sales performance. Groceryshop Spring Meetup (9-11 March 2021) and Shoptalk Meetup for Women (11-13 May 2021) are scheduled to take place in FY21, while Shoptalk Europe Meetup (dates tbc) and Shoptalk Fall Meetup (19-21 October 2021), are scheduled for FY22. All are planned at times of the year to be complementary to the in-person event, giving Shoptalk and Groceryshop the opportunity to meet customer needs at multiple points through the year. Retail Meetup predominantly generates revenue through paid ticket sales and fees for certain types of meetings, with the potential to sell sponsorship, which has already been validated by early sales on 2021 Meetups
Retail Meetup is expected to be highly cash generative
· Adds four high-quality virtual events that are expected to be earnings enhancing with clear potential to scale
· Provides scope to launch new virtual Shoptalk and Groceryshop events globally across the ecommerce retail sector with nominal additional development cost required
· Includes the acquisition of the software source code and a perpetual license to use the Meetup technology already developed to serve the Shoptalk and Groceryshop portfolio
· Complements Shoptalk and Groceryshop's in-person events, with potential to enhance their in-person proposition and further accelerate their growth
Hyve Group PLC on Monday said it has agreed to acquire digital events specialists Retail Meetup LLC for an initial GBP18.8 million.
The London-based exhibitions and conferences organiser said it may part with an additional GBP9.0 million in earn-outs, based on earnings from two events scheduled in financial 2021.
"Retail Meetup is a first of its kind digital event format for the e-commerce market that enables attendees to network and trade at scale. The acquisition will be funded through existing debt facilities and cash reserves," Hyve said.
"Covid-19 has demonstrated that whilst in-person events remain a critical forum to learn, network and trade, customers now want more touchpoints across the year in a more diverse range of formats."
Government measures imposed to halt the spread of Covid-19 hit in-person events in 2020 and Hyve explained that Retail Meetup offers the company a "flagship digital format".
Hyve Buys Digital Events Firm Retail Meetup For Up To GBP28 Million(Alliance News) - Hyve Group PLC on Monday said it has agreed to acquire digital events ...
Alliance News21 December, 2020 | 7:36PM
https://www.morningstar.co.uk/uk/news/AN_1608579416871872500/hyve-buys-digital-events-firm-retail-meetup-for-up-to-gbp28-million.aspx
Hyve Buys Digital Events Firm Retail Meetup For Up To GBP28 Million(Alliance News) - Hyve Group PLC on Monday said it has agreed to acquire digital events ...
Alliance News21 December, 2020 | 7:36PM
https://www.morningstar.co.uk/uk/news/AN_1608579416871872500/hyve-buys-digital-events-firm-retail-meetup-for-up-to-gbp28-million.aspx
So the mutations are to scare us? Not doing a good job then! Just look at the chaos now and that's just for starters, after 1 day.
Mass panic! Britain closes down.
Sky News: COVID-19: Government scientist warns we 'should be very concerned' about new strain
http://news.sky.com/story/covid-19-government-scientist-warns-we-should-be-very-concerned-about-new-strain-12169134
V funny!
More mutants on the way! UK band from Italy, Belgium, Watch "Boris Johnson calls emergency meeting as Europe shuts doors ?? Covid-19 @BBC News live - BBC" on YouTube
Watch "Covid-19: UK isolation grows as more countries ban travel - BBC News" on YouTube
https://youtu.be/wxHS3uo4JnE
Foxy you don't or can't read what's been written. Such a pitty you might learn something. All airplanes have at least one engine otherwise they wouldn't fly! You've written a load of Garbage!
How to vaccinate the world radio 4Today 12:14
How to vaccinate the world
Get vaccinated if you can!
https://www.bbc.co.uk/programmes/m000qjy
J45 yes it'll bounce along the bottom until either Borris sorts out Brexit and the mess he's made of Covid 19. Letting people go on holidays abroad and import new versions of Covid 19 soon to become Covid 21, 22, 23!
How to vaccinate the world
Get vaccinated if you can!
https://www.bbc.co.uk/programmes/m000qjy