isaytomato6 Feb 2010 17:18
Its all very well talking about loss-leaders now, but after this year, what ALM needs to boost its share price is a good dividend. Right now, the strategy is get the punters in and hope for Jam Tomorrow. The other big problem here lies within the contract with the partners associated with TURF TV. Within the small print, there is a clause about rights to the partnership i.e if a take-over occurs, then the buyer can only lay claim to ALMs main business and not TURF TV.... SInce TURF TV is the only profitable bit of ALM, then a take-over is highly unlikely. So where does that leave us? Well, from the financials, the SP will probably bump around 25p for the next 12 months until we see some decent cash generation, so for me, I will be investing my money elswhere and watching with interest 2011 year end figures. Only then will I consider investing. Although a decent company with cash in the bank, ALM still has fair way to go to attract significant MMs. GL and DYOR