Independent News & Media Share Discussion Threads

[kopkidie] 22/10/2013 10:20

Any thoughts on the RI price and offer?

[carlo sartori] 22/10/2013 08:44

Keep the blue days going!!

[caveat_emptor] 18/10/2013 16:36

That was a big week for the Indo share price.

[caveat_emptor] 18/10/2013 11:06

Any idea how the rights will be structured?
Is that known yet...I take it it's looking a given?

Your view resembles the market in general, who can see the recovery,
and the Australian results with increase digital media revs again with
light INM up, such that Moneybags forecast last week, pleading with
shareholders not to sell, of 42 cents looks real. Just a matter of time.

Add to that news of the investment in their new business platforms...
investing heavily in new IT systems....

[carlo sartori] 17/10/2013 23:34

Caveat, I have huge confidence that the INM share price will move strongly northwards from here. Post the Capital raising event to raise €40m the Group will have VERY reasonable debt levels, costs well in control and revenues beginning to move north. A heady coctail, all-in-all the omens are excellent!

I believe and hope so.

Carlo

[caveat_emptor] 17/10/2013 17:31

7% yesterday accoding to this article,
then as high as 15% today but water poured over
it by two small trades after hours....

Hmmmm

[caveat_emptor] 15/10/2013 10:04

Louise Kelly – 15 October 2013
Independent News and Media has seen online revenues increase by over 18pc since

The media group has also seen a 'noticeable improvement' in advertising revenue since the beginning of June, according to an interim management statement for the year to October 11.

For the first 41 weeks of 2013, the rate of decline in INM's newspaper ad revenues slowed to 8.1pc, compared to a decline of 14.6pc in the first six months of the year.

Circulation revenues remain broadly unchanged, however, with revenue dropping by 5.1pc since July. This compares to a reduction of 4.4pc in the first six months.

Despite remaining 'challenges' in the Irish economy, the statement from INM said that consumer sentiment has improved and future economic forecasts look positive.

''The improving outlook for the Irish economy should also benefit from the upcoming Budget which is now expected to be less severe than originally forecast,'' the statement read.

Operating profits for the media firm have also increased by 3.8pc, according to the statement, partly explained by a reduction of 8.3pc in costs year to date. The group added that it will continue to 'pursue further cost saving opportunities'.

'Substantial progress' has been made on INM's three stage debt restructuring agreement, the first stage of which involved the successful completion of the sale of Independent News & Media South Africa in August.

"The third and final stage of the restructuring is an equity issue," read the company statement.

"The completion of this stage will provide the Group with financial stability and give it a firm platform to implement its business plan and strategic repositioning."

[caveat_emptor] 10/10/2013 17:31

Davy had first qtr results down for this morning...
they never appeared?

Why was that do you reckon?

[caveat_emptor] 10/10/2013 17:30

I suppose that is what phoenix was getting at when
he pleaded that no one sell their shares?

[carlo sartori] 10/10/2013 12:49

It is underwritten by Denis O'Brien..................if he ends up having to underwrite a significant amount of the issue it may trigger a requirement to make an overall takeover bid for INM.

[caveat_emptor] 10/10/2013 09:47

Nice to know the odds against the rights getting away are very short indeed.

[carlo sartori] 09/10/2013 20:36

An extremely positive article in last weeks Phoenix regarding INM.

Following extracts:

"With arguably €40m of prospective earnings in the current full year and little or no pro-forma interest charges, INM is on-line for pro-forma earnings of 8c a share. Even with a modest price earnings multiple of say five times, INM's shares should be trading at something in the order of 40c, that is about eight times the 5c the shares are currently trading at, ahead of the rights issue which will indeed flood the market."

"The unfortunate INM shareholders who have lost a fortune should not for one second consider selling out now. They should hold on no matter what happens to this now profitable company with effectively no borrowing. The shares can only go one way and that is dramatically up."


Let's hope so!

GLA,

Carlo

[caveat_emptor] 09/10/2013 15:39

As LBO says above they plan a rights for 40m this month.
40m divided by 500m shares issued equals 8 cents a share

Can't be that simple, can it?

Probably have to wait for the details.

[caveat_emptor] 15/9/2013 14:39

Nick Webb – 15 September 2013
INM has hooked up with the Irish Greyhound Board (IGB) to show races live on Ireland's most popular news website, Independent.ie.

This is a transformational move in the battle for online dominance as major media groups seek to boost their digital offering with stronger content.

Viewers will also be able to place bets as part of the landmark deal that will deliver strong revenue generation and a major boost to the sport.

Independent Newspapers will stream live races across its website and mobile platforms from October. The live streaming will also enable people living outside Ireland to watch race meetings and, if it is permitted in their jurisdiction, to place bets.

Independent Newspapers' managing director Declan Carlyle said the venture was a strong offering for readers, and one of many initiatives going on-stream in coming months.

The three-year deal forms part of a five-year strategic plan just finalised by the IGB, the semi-state body tasked with promoting and supporting the sport in Ireland.

IGB chief executive Adrian Neilan said the commercial partnership offers a huge potential audience for the sport, with the Independent.ie website attracting more than four million unique visitors every month.

"Media companies are coming up with new ways of generating income, and this is a way of doing that. It's the same with us," he said.

[caveat_emptor] 15/9/2013 14:39

As usual LBO you are full of the joys of Spring....

[lbo] 13/9/2013 14:32

The pump before the dump! They plan to raise €40 million in a rights issue by mid-October!

[caveat_emptor] 11/9/2013 07:56

Actually encouraging.
most of the shares sold are at the mid price.

[mxds] 07/9/2013 10:37

That's some bid offer spread!Discouraging !

[caveat_emptor] 30/8/2013 10:19

The bottom line from Cantor this morning, quote,
"...this is a solid set of numbers and balance sheet progress"

[caveat_emptor] 30/8/2013 10:12

Small INM shareholders seem to have deserted this board...
Where are me co-bloggers?

[caveat_emptor] 30/8/2013 09:01

Price fall just enough to stop people getting
carried away!!!!

[caveat_emptor] 30/8/2013 08:41

Davy Research
Independent News & Media

Results ahead of expectation; restructuring process remains on track
DAVY VIEW

As we had anticipated, trading conditions remained challenging during the first half; however, the group has been able to implement its €26m cost reduction plan sooner than we had anticipated. Progress is being made on all of the group's key deliverables, cost reduction and online development while the restructuring process remains on track. While still early days, in recent weeks there have been some very early signs of a slowdown in the rate of advertising decline. Further progress on this front, during September and October, will be a key factor in the INM investment thesis.

[caveat_emptor] 30/8/2013 08:37

It seems that every time one takes a positive view of this share the mm's
do the opposite!!!

[caveat_emptor] 30/8/2013 08:04

INM reports significant progress on restructuring, operating profit up 8.6pc


Ailish O'Hora – 30 August 2013
INDEPENDENT News & Media has reported significant progress on its restructuring and an 8.6pc increase in operating profit to €15.2m for the first half of the year.
Also in this section
O'Carroll to oversee INM's digital operations
'Irish Independent' still miles ahead of rivals in readership


During the period, significant cost reductions of €15.9m more than offset an 8.2pc fall in revenue to €164.1m.

The operating margin, pre-exceptionals, was up to 9.3pc from 7.8pc while the pre-exceptional operating profit increased by €1.2m to €15.2m, despite tough market conditions while market share positions in advertising and circulation generally increased or maintained.

INM also reported digital revenue growth of 8.2pc as the company positioned its titles to capitalise on the changing media landscape.

This included the appointment of Stephen Rae as editor in chief of the Irish Independent, Independent.ie, Sunday Independent and The Herald, Claire Grady as editor of the Irish Independent and Ian Mallon to the new position as group head of news.

Yesterday, the company also announced the appointment of Fiona O'Carroll as managing director, Digital.

Commenting on the results, Vincent Crowley, group chief executive at INM said: "In the first half we have made substantial progress in reshaping and repositioning INM.

"Our focus for the second half, and into 2014, is to continue to identify new revenue opportunities and drive efficiencies across our business.

"A key focus will be the development of our digital activities and related digital revenues,"he added.

As restructuring of the group continues, proceeds of €170m from the sale of the company's South African have gone towards debt reduction at INM.

On completion of all stages of restructuring, the debt level will be reduced to €118m.

Mr Crowley added that while trading conditions on the Island of Ireland remain difficult, there was a notable improvement in the advertising performance in the period from June to August as the group experienced reduced year-on-year declines.

However, he added it was too early to say whether the recent improvement in performance will be sustained throughout the second half as forecasting in the current operating environment is difficult and visibility remains short.

Mr Crowley also said progress had been made in relation to the company's defined benefit pension scheme with submissions made to the Pensions Board.

Revenues at the firm's Australian subsidiary APN for the six months ended June were A$426.5m (€288m), up 5pc on the same period last year while EBITDA was A$65m, down 4pc.