Share Name Share Symbol Market Type Share ISIN Share Description
Connect Group LSE:CNCT London Ordinary Share GB00B17WCR61 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 104.00p 103.75p 104.50p 105.00p 103.50p 105.00p 58,003 16:35:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 1,906.5 41.9 13.7 7.6 257.05

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Date Time Title Posts
10/8/201713:57Connect: New name, refocused strategy563

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Connect Daily Update: Connect Group is listed in the Media sector of the London Stock Exchange with ticker CNCT. The last closing price for Connect was 104p.
Connect Group has a 4 week average price of 100p and a 12 week average price of 88p.
The 1 year high share price is 166.75p while the 1 year low share price is currently 88p.
There are currently 247,159,565 shares in issue and the average daily traded volume is 76,863 shares. The market capitalisation of Connect Group is £257,045,947.60.
speedsgh: HTTPS:// Connect, which is the former Smiths News papers and magazines distributor, has been in a state of transition for some years and is taking a long time getting there. The latest change is the sale of education and care, a potential growth market that never really worked out, for a decent return last month. It retains the Smiths News operation, which is in long-term decline, with sales down another 4 per cent in the 45 weeks to July 15. The question is how fast this can be integrated into Parcel Freight, which delivers unsually shaped packages, and how long it will take Pass My Parcel, the “click and connect” delivery service for the likes of Amazon and Asos, to get into profit. The shares have fallen from 150p at the start of the year to 107¾p, up 2½p, last night, not helped by the departure of a long-term investor last month. They have a number of retail investors because of the good yield. That fall in the share price has raised this to above 9 per cent; the company insists that this can be maintained. They are attractive to those seeking yield, then, although they may take time to rise again. MY ADVICE Hold WHY Yield is good, but progress still looks slow
fenners66: Its speculation yes , but not baseless. I was in AHT when the share price suddenly took a dive fr, 240 to about 100. It started with insti selling as they had been sounded out for a rights issue to buy Nations Rent in the USA. Share price had, had a good run up from 4p and we could not understand why it suddenly tanked - then it became apparent .
kenny: Started to look at CNCT as a possible investment but my initial assessment is not positive. The company has no net assets to speak of – the balance sheet incudes a large goodwill figure and large debts albeit some of these will be paid down from the divisional sale. These more or less net off to leave very little in the way of net assets - when compared to a MV of £220m. On one view, the share price is supported by the dividend which in turn is supported by earnings (noting they classify about £5m per annum as exceptional costs – if they are so regular, they are not exceptional, in my view). Any slip in earnings, in turn effects the dividend and the security of the debt – and in the longer term the valuation of goodwill on the balance sheet. It seems likely that the next announcement from the company will be a profit warning. In my opinion, that kicks away all support for the dividend and share price. There is a valuable business here, it is just a question of what the value is and that could be quite a way below the current £220m - depending on how severe/for how long profits fall. Sorry to be negative on CNCT - I was rather hoping I had found a “value” situation to invest in.
fenners66: chicken - sorry to say I laughed out loud at your downhill skier analogy ! If the 2015 scheme is underwater you don't have to buy the shares do you? Do they give you interest on the money instead? If so is that better than a bank? If things continue to go pear-shaped with the share price here and you buy there are no second chances to change your mind.
lord gnome: The only thing I can think of Aleman is that the seller(s) hold(s) off in the morning to let the share price recover a little and then open up the selling to take it down again. I sold mine in two lots first thing yesterday, achieved 109 and 108.5. Best prices of the day as it turned out. By the way, cynical me, the CEO confirmed that the education and care division disposal would not affect the progressive dividend policy. In total maybe, but it may just be rebased on a per share basis to take account of the extra shares in circulation. Now where have I seen that before?
lord gnome: Ok, I've been doing a bit of crystal ball gazing (always dangerous) and here's my take on things. So we sell the education and care division and appoint a joint broker. We announce that we are concentrating on our key area of focus, so I would guess that Wordery might also be on the block. We are now looking for an acquisition to replace lost turnover and profits and to give scale to the delivery / distribution businesses. This could be announced on 24th July along with a placing / rights issue to fund the purchase. Hence, the weakness in the share price with those being lined up to take the new shares forcing down the price and selling their existing shares higher up. I've seen it before. I may be a million miles from the truth of it, so take my musings with a pinch of salt. I am however, keeping my cash safe in case I get a nice surprise on 24th July and decide to buy back my shares.
edmundshaw: The dividend appears affordable, but I think the company should consider freezing it until debt is reduced or the new businesses start flowing cash. It is quite good enough where it is even with a recovered share price. I don't see the fundamental reasons for the low share price. But of course the company is still in the process of reinventing itself in logistics, and companies that reinvent themselves certainly go througha period of risk generally. Not every strand of the new ventures will be successful, so continued sharp management is essential. Not panicking myself, but also not so bold as to continue adding on a reducing share price. Enough eggs in this basket...
edmundshaw: Well the Chief Exec has put more cash into his company at the current share price (no pun on his name unintended). I agree with him - on a smaller scale, though :-) What his buying also tells us is that this is not a closed period, so there is no significant event in view like an expensive acquisition or a rights issue that might be somehow affecting the price.
lord gnome: In short - nope! :-)) My best guess is that the share price has been depressed by a stock overhang and that the large trades are indicating that the overhang - or part of it - has been cleared, thus reducing the depressing effect on the share price.
lord gnome: Not the most exciting or convincing statement I've ever read, but at least management seems to know where they want to go with the company. I think we may be in for a longer period of adjustment and realignment and I can't see the share price doing much until tangible results can be seen. In the meantime, at least I have a very decent dividend to console me. I can't see the share price going much, if any, lower, but I could be wrong.
Connect share price data is direct from the London Stock Exchange
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