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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Internet Bus. | LSE:IBG | London | Ordinary Share | GB0003754073 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 9.50 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 9.50 | GBX |
Internet Business (IBG) Share Charts1 Year Internet Business Chart |
|
1 Month Internet Business Chart |
Intraday Internet Business Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 11/2/2008 | 10:33 | Internet Business Group 2007 | 3,619 |
| 02/9/2007 | 10:58 | Shareprices in IBG's sector | 34 |
| 22/6/2007 | 05:20 | IBG 2008 share price competition thread | 73 |
| 01/3/2007 | 22:35 | Internet Business Group 2006 | 6,393 |
| 26/10/2006 | 09:59 | IBG in 2004/5 : -------------- 20 - BAGGER! ----------------- | 1,423 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 20/12/2007 10:24 by baheid101 Hi everyoneThe TMN-IBG combination of two companies that had seen their share prices fall hugely despite solid operational and financial delivery into a much stronger business with a broader suite of products and clients is a good result in my opinion. The shares were on broadly similar P/E ratings and the growth rates of the combined group should clearly accelerate as a combined entity due to the clear synergies that result. If anybody wants some unconnected research by Cannacord on TMN group and their reaction to the transaction please email The Analyst and he can forward it on to you or he can give you my email address and I will forward it to you. Unfortunately TMN and the brokers won't be fleshing out new forecasts and the full investment case until February when the transaction will likely complete, but in the meantime I am sure IBG holders would like to understand a bit more about who IBG are combining with before deciding what to do with their holdings I understand everyone's frustration about what has gone on - I have had a lot of my family's savings tied up in this company for over 3 years and have felt the pain like every one else - however I feel that the IBG-TMN combination with TMN management in charge is massively more attractive than IBG as a standalone business. |
Posted at 19/12/2007 11:49 by baheid101 Maz is easily the worst communicator I have ever come across. The frustrating thing is that this inability to clearly communicate strategy at a time when the company went from being ultra high growth to facing some modest growing pains (but still growing healthily) has resulted in the market reacting as if the company was going backwards and imploding, which it never was and certainly isn't now. Small companies in dymamic markets face growing pains sometimes - it is how you effectively communicate those dynamics that ensures the market doesn't overreact.Looking back the strategic review was the catalyst for the share price decline as it signalled that(a) the company was not confident in its organic prospects (b) that possible acquirors of IBG had not been sufficiently interested to make an 'acceptable' bid. The indicative offers at 10-15% premiums to the then share price of c.30p look bloody good value given what has subsequently happened. It was completely and utterly avoidable. Management of PLCs can talk to other companies about possibly tying up all the time, unless there is an actual transaction or the share price moves up to reflect the possibility of a transaction then there is no reason to announce anything publicly to the market. |
Posted at 19/12/2007 11:14 by stemis Sorry Baheid,TMN might be a great company, IBG might do better under TMN's ownership, TMN shares might be cheap and have great prospects, BUT there is no getting away from the fact that Maz and the other directors have stuffed this up big style. Less than 12 months ago our shares were worth mid 30's. Today they are worth 10.75p. That's a historic P/E of 5.8 and a prospective of 5.4. Its worth reviewing how we got here. Having explored the potential of a strategic buyer when the share price was 30p+, IBG management decided to forgo short term profit with the intention of building up the business for an eventual sale. Some of us were supportive of management, despite the obvious pain, in the belief that as long as IBG delivered on its plans, the share price would recover and there would be an eventual exit. What bloody fools we were. Now, having walked the share price down to a fraction of its original value, Maz et al have done another about-face and decided to abandon that strategy at the worst possible time for IBG shareholders. We've taken all the pain and now 70% of the gain has been sold from us. If Maz thought being part of a large internet marketing group was the way forward, he should have done this 12 months ago or in 12 months time. This isn't strategy, its a shambles. These guys clearly don't know what they are doing from one day to the next. When I spoke to Maz last week he was very cagey and defensive. I asked about the forecast for next year remaining the same and he said it was what they needed to do and implied they were still happy with it. However he noted that the market had voted with their feet in respect of the current strategy and they needed to have regard to that and the interests of shareholders. If this is the result then he has completely lost the plot. None of this means that TMN won't thrive and that a combination of TMN and IBG isn't a powerful tie up. However even if TMN trebles to 120p (which would be an all time high and no doubt a tremendous result for TMN shareholders), its only back to 32p for IBG shareholders. Hardly delivering the long term value that Maz promised us at the famous meeting six months ago, is it. |
Posted at 18/12/2007 18:28 by omlaysause GWP23 - the IBG share price is irrelevant now, only the TMN price is of any value. Unless the deal doesn't go through IBG could go to 1p and it wouldn't matter. |
Posted at 18/12/2007 10:11 by stemis IBG share price down to 11.4p, now we've tied our boat to the sinking share price that is TMN. |
Posted at 14/12/2007 23:37 by stemis ta,Just passing on my impressions. I don't understand anymore than anyone else why Maz has chosen the worst possible time to do this deal. As I've said before; IBG shareholders have taken all the pain now Maz has handed over 70% of the 'potential' gain to TMN shareholders. I struggle to understand the strengths of the TMN business. It seems largely build around emailing advertising material to internet users who have been induced to opt into email marketing by various ploys. Presumably Maz believes the growth potential of TMN and the synergies with IBG are as good as the growth potential of IBG alone. I'll probably give it a while, certainly till the TMN finals, but I don't think I have the long term commitment that I had with IBG. It seems like the end of an era but I guess like many, in retrospect, I hung on too long. If TMN shares hit 84p or so (equivalent to a 2009 forecast P/E of 12) I think I'd be out. That would be equivalent to an IBG price of 22p. I never thought I'd take that sort of price for IBG but I guess its all different now. |
Posted at 14/12/2007 10:41 by omlaysause We were told that IBG were taking a new approach and investing over the short to medium term for the increased benefit of the shareholders. We're how long into that .... 3-4 months and now suddenly IBG feel that a merger with TMN is going to be better idea.That to me seems that they have realised they aren't going to turn this around with their new focus/plans or whatever the hell it is. I've actually been behind Maz since I bought into IBG over 4 years ago but I think what has happened over the past 6 months is a bloody disgrace!!! First off we get that ridiculous RNS saying we MAY have a problem with profits and then to say it could be effected for 2 years, which as we all know, killed the share price there and then. Coupled with the strategic review which turned out to be a complete waste of time. We are then told, don't worry lads, we've got some great ideas and you'll all reap the benefits if you stick around for the next 2 years. Then a few months later, do you know what, we're just going to sell up with no benefit to the IBG shareholders in the deal, it's a simple swap of IBG to TMN. I'm now going to hold shares in a company I don't know and seriously doubt will give me the return I expected from IBG. Obviously Maz and the board realise that don't have the ability to take IBG to the next level and believe TMN is the answer. I think Maz also knows why he probably isn't going to be on the new board because he's better sticking to the techie side of things and letting the managers manage, hopefully TMN can. I can see the benefit of being involved with TMN but I still can't see it returning 4 or 5 times it's level from here but who knows ........ hope I'm wrong, I really do. |
Posted at 14/12/2007 07:59 by the analyst "TMN has received irrevocable undertakings from certain IBG Directors andConnected Parties to vote (or procure the vote) in favour of the Scheme in respect of 28,649,270 IBG Shares, in aggregate representing approximately 37.11 per cent. of IBG's existing issued share capital. TMN has also received irrevocable undertakings from other IBG Shareholders to vote in favour of the Scheme in respect of 8,701,000 IBG Shares, in aggregate representing approximately 11.27 per cent. of IBG's existing issued share capital. Such undertakings from these other IBG Shareholders will cease to be binding, broadly speaking, in the event of a higher competing offer being made for IBG." hmmm, are the 'other IBG shareholders', representing 8.7m shares hoping for a better offer then? Are you one of those shareholders Ken? |
Posted at 04/11/2007 11:02 by stemis Niggle,I agree that the management of expectation by IBG is dreadful and the cause of the pitiful share price. I don't accept this is some sort of plot to steal the company with a low priced MBO. I'm not saying Maz isn't interested in shareholders anymore but it probably isn't (as) high up his list. No news on non exec chairman. No developments on making research available to PIs. I suspect that Maz has, either consciously or sub consciously, decided it doesn't matter what they do now the market isn't going to forgive them. So the best thing they can do is get on with the 'growth strategy' as quickly as possible. Hence they've brought forward elements of the "scaling up of operations" and be damned with the impact on the share price. This is now more like a private equity involvement than a stock market investment. I don't think we can rely on the stock market to deliver 'fair value' for this share, so the share price becomes almost irrelevant. Its all down to whether IBG can turn themselves into something a buyer will pay 50p/£1 a share for in a couple of years. I'd prefer otherwise but we are where we are. It's reassuring that the brokers are holding their forecast for 2008, but I guess the market won't believe them. There are elements of the trading statement I don't understand. Cash of £1.5M + is only a couple of hundred k above that at 31.10.06. So where has the rest of the £1.4M profit gone? Why do they talk about normalised profit of £1.4M? Normalised for what? |
Posted at 31/10/2007 09:08 by hirschnathan New research note from st helensStill prediciting 22.m for 2008 & ebita £2.5m Internet Business Group (IBG), the online performance marketing,media and e-commerce specialist, has announced in today's trading update that it has brought forward some of its planned investment in mid-term organic growth into Q4 FY07 from Q1 FY08, the key trading period. As a result, some management attention has been diverted from Q4 sales. In light of this, we are reducing our PBT forecasts for FY07 to £1.4m from £1.6m (Initiation note 30/07/07), EPS to 1.8p from 1.9p and share price target to 27p from 30p. FY08 remains unchanged. Although some short-term share price weakness is likely, we retain our BUY recommendation. Our revised price target implies a 13.5x FY08 PER Internet Business Group (IBG), the online performance marketing, media and e-commerce specialist, has announced in today's trading update that it has brought forward some of its planned investment in mid-term organic growth into Q4 FY07 from Q1 FY08, the key trading period. As a result, some management attention has been diverted from Q4 sales. In light of this, we are reducing our PBT forecasts for FY07 to £1.4m from £1.6m (Initiation note 30/07/07), EPS to 1.8p from 1.9p and share price target to 27p from 30p. FY08 remains unchanged. Although some short-term share price weakness is likely, we retain our BUY recommendation. Our revised price target implies a 13.5x FY08 PER. Areas of investment new toolset for AffiliateFuture and additional data centre IBG has developed and deployed a new toolset and user interface for both affiliates and merchants within the AffiliateFuture affiliate marketing network. This includes improved traffic analysis tools. The new toolset was recently previewed at the A4U Expo in Excel and feedback is reported to have been good. A beta version will be made available early next month with all users expected to switch over by the end of 2007. IBG has also brought online a third data centre in London to improve AffiliateFuture reliability and uptime. Expansion of travel features ahead of key January trading period IBG has had a number of launches across its Media travel properties. It has added a dedicated ski channel to CheapHolidayDeals.co Reviews.CheapHoliday Henoo.com, IBG's holiday search engine and technology platform. These should feed into revenues in both the AffiliateFuture and Media divisions. E-commerce improved performance but not key focus The new management and processes in H1 FY07 are having positive impact on the Ecommerce division. Although there are expansion opportunities for this division, the main management focus remains Media and AffiliateFuture. Management will consider strategic options for this business during FY08. |
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