Connect Share Discussion Threads

[fenners66] 20/3/2017 08:32

What??
Trinity Mirror

" Key Highlights

-- Strong growth in adjusted operating profit and adjusted earnings per share

Strong growth in adjusted operating profit of 25.5% and adjusted earnings per share of 12.4% driven by the benefits of the acquisition of Local World and continued tight management of the cost base with structural (including synergy) cost savings of GBP25 million, GBP10 million ahead of target. Group revenue increased by 20.3% to GBP713.0 million with like for like (3) revenue falling by 8.0%. "

A read across of 25.5% increase in OP - try again!

[bscuit] 19/3/2017 00:24

Beginning to look like a Value trap there is a read across to trinity Mirror.

[linton5] 17/3/2017 18:00

I'm piling in on Monday got some cash freed up to good a price

[edmundshaw] 16/3/2017 14:08

White there is the news side, distribution is a good usiness and Connect have obvious competitive advantages in available synergies. Most of their acquisitions have had a rationale of improved efficiencies. They also have a long experience of parcel distribution and, to some extent, of pushing out other, smaller players. Not saying it is easy or secure, but Connect has been run pretty cannily for a long time, and I'd suggest they are likely to continue to do so.

[fenners66] 16/3/2017 11:25

DX (Document Exchange) parcels business with recent profit warning and tanking business - suggests to me that as competition in the parcels market place they could go under - they acquired loss making business from Rentokil and have not made it work.
That could be taken as a sign that the parcels business is very tough - or that there may be one less competitor soon, if its the latter then less capacity would be a good thing....

[cwa1] 16/3/2017 08:29

Morning All

Just hopped back on board at 137ish. Last update was less than awe inspiring I agree but at least it wasn't a warning and they seemed to be suggesting "steady as she goes". They announced the sale of the education and care division and reiterated their intentions towards progressive dividends. So, all in all, I'm hoping that most of the bad news and ill feeling is "in" the price and that even the slightest hint that things are improving might help the share price on an upwards trajectory, with a hefty yield whilst we wait. Of course if the bottom falls out of the parcels market......

[linton5] 15/3/2017 16:07

This companies share is dropping on small sells everyday,amazing how market capital drops by millions on 30,40k daily volume

[fenners66] 10/3/2017 10:52

Don't be silly he can't sell the wife ! Maybe the wife's kidney.....

[edmundshaw] 10/3/2017 09:42

Sell something more expensive? (BP? The wife's jewellery? The wife?)

[linton5] 10/3/2017 09:39

Dear o dear a blinking bargain here and I'm stuck for cash(typical)㈌1;

[linton5] 09/3/2017 14:20

Fantastic price right now for bargain hunters always on my watchlist cnct

[linton5] 23/2/2017 11:36

Well put anley hope you get your rewards

[anley] 23/2/2017 11:31

So a special profit made and the cash goes into reducing the debt until such time as its needed to repay its annual payment on the debt raised longish term for the transport deal.

So a very flexible position to be in BUT the market does not give it credit and the share price has done nothing over the past 4 years.

Will sit this out having built up a position for my family fund and a 7% yield.

[fenners66] 07/2/2017 09:20

Found It :-


24 April 2012

Smiths News PLC

("Smiths News" or "the Group")

Acquisition of Hedgelane Limited

Smiths News PLC, the UK's leading wholesaler of newspapers, magazines and books, is pleased to announce the unconditional acquisition of Hedgelane Limited whose principal subsidiary trades as The Consortium for Purchasing and Distribution Limited ("The Consortium"), the UK's leading specialist distributor of consumable products to the educational market, for an aggregate consideration of GBP38.0m, equivalent to an enterprise value ("EV") of GBP44.1m.

[fenners66] 07/2/2017 09:17

Disposal of Education division - for £64.4 m including pension liability - how much was it bought for?

[anley] 26/1/2017 15:10

You may be right but have a look at how the share price has moved - very interesting.

Who would want to bid for this well run company which seems to be unloved by the City?

[baracuda2] 26/1/2017 14:45

This drop is a bit overdone!!

[anley] 26/1/2017 10:30

Steady as she goes..........

[edmundshaw] 26/1/2017 08:58

I prefer my stocks to be unexpiring!! :-)

[owenga] 26/1/2017 08:16

Agreed davros, I can't believe how unexpiring that was, and with all the talk of great Christmas period for parcel companies etc, I would have expected a lot better. This will go nowhere no for next 6 months. I'll probably sell up too, and look to come back in 6 months.

[davr0s] 26/1/2017 08:06

I'm out right at the open - dull hardly the word. They must have had some positive outlook looking forwards - it's as if they want to talk down the prospects for the company. Not sure I want to hold a share achieving

[edmundshaw] 26/1/2017 08:05

Implied growth in Tuffnells for H2. But that is some way away. Meanwhile steady as she goes on the turnover front.

Been very reliable over the last few years, just held back by a market that cannot seem to see beyond the slowly declining news distribution division...

[mattboxy] 26/1/2017 07:55

Wasn't much to light the fires was it!However the figures were consistent with very slight growth which is no bad thing.

[aleman] 26/1/2017 07:54

Nothing wrong with dull when there seems to be a growing number of profit warnings about.

[owenga] 26/1/2017 07:16

Wow, what a dull trading update.