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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Interactive Wor | ITW | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 67.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 67.00 | 67.00 |
| Top Posts |
|---|
Posted at 05/9/2007 13:54 by diogenesj I see this is now Sport Media Group (SPMG). Any volunteers to create a new thread?Positive note from Daniel Stewart this morning: they have reduced the forecast for 2007 slightly, while increasing that for 2008. They regard their forecasts as relatively conservative, and think that a 10% increase in circulation could increase earnings by a further 12%. They point out that the prospective dividend yield is still 10%, and set a price target of 110p. |
Posted at 03/9/2007 12:51 by czar Funny up until now everybody was saying Sullivan's involvement was the problem. ITW just confirmed they will meet expectations which is for £5.4m profits, eps of 9.2p and divi of 7.3p. At 67p the pe is 7.2x and the yield almost 11%. That's cheap in my book and I'm buying a bit. |
Posted at 20/8/2007 09:42 by diogenesj Ouch, glad I only have a very few left as well. But unless I am mistaken, it has just gone ex a 3p dividend, so today's fall is not quite as bad as it looks. |
Posted at 08/8/2007 08:28 by nurdin Remeber the current holders of ITW will be entitled to a divi of 7-8p once the results to July 07 are announced.I am holding tight |
Posted at 07/8/2007 23:51 by kimboy2 It is clearly going to be a different animal. I think they have paid too much for the Sport. The exit P/E appears to be approaching 20 bought primarily with paper with a P/E under 10.It will be interesting to see what these revenue synergies are as the circulation of the paper is a fraction of their exisiting datatbase. I don't suppose they could claim many cost synergies as only 11 people work for ITW. They say they will continue the dividend policy which has been paying out 10% at ITW. However I calculate that 80% of the post tax profit will only yield about 6% now. |
Posted at 07/8/2007 23:22 by mediaking Sullivan's not exactly severing his links with Sport Newspapers, is he? I thought he still had a holding in ITW!Smicker, congratulations on your research skills! ;-) Hope there's more information in tomorrow's RNS. |
Posted at 25/6/2007 09:14 by johnrxx99 Have I got this right. Sullivan (ITW) is reversing SS (Sullivan) into it and reducing his stake. Surely the deal will favour Sullivan and not ITW shareholders vis the SS stake |
Posted at 14/4/2007 07:59 by czar Thanks AT. ITW reminds me of SBT in its early days; almost infinite demand, no physical delivery, using new technology to deliver, driven by roll out of new hardware and software, international expansion, cash flowing in 24/7. ITW will also benefit from the rollout of age verification, particularly in other countries. One bit that caught my eye was the new 'pin-enabled DVD'. ITW can give away millions of these through Sullivan's papers, Private shops and top shelf mags and then receive millions of pounds as the customers buy the access pins over the phone - brilliant and limitless. For the year to start 1st August the broker is going for £6.2m profit 10.5p eps and 8.4p divi. When that forecast was made the pin-enabled DVD division had not been thought of so I expect something higher. Anyway one step at a time, let's see what the trading statement says at the end of July. |
Posted at 08/3/2007 09:06 by kimboy2 Got note through from Daniel Stewart;"Interactive has reported interim results marginally ahead of our expectations. Top-line growth of 28% (LFL +20%) and a slight drop in operating margin in H1 (due to first-time inclusion of Plc costs) led to PBT (pre-goodwill and exceptionals) of £2.1m (+17%), relative to our forecast of £1.9m. Based on an expected strong H2 sales performance from organic growth and H1 acquisitions, as well as a flat H2 gross margin, we retain our FY07 forecast of £5.4m PBT (EPS 9.19p). Positive macro conditions and industry developments (enhanced broadband penetration and mobile handset functionality) continue to support the attractive growth being demonstrated by Interactive. The current P/E of 9.8x significantly undervalues the quality of the group's technology, potential organic and acquisitive growth, recent purchases, dividend yield of 9.5% (FY07E) and an estimated CAGR in earnings of 17.0% (FY06-08E). We maintain our Buy recommendation and 124p price target (13.5x earnings multiple target, relative to sector peers at c.15x)." ITW are doing presentations this week and next as well. |
Posted at 02/2/2007 11:18 by silverfern DAN's target of 124p represents the price vs dividend yield and eps perfroamce. BUt even that is not a stretch target if ITW does break into sports and music, which is what their technology can be pointed at. Shares are tightly held and no institutional holder is selling, so mms in order to make a living have turned this one up and down in the last few months. I expect this annoucement wull underpin any future fluctuations as investors will buy on such dips if it means an assured return of 7-10% from the dividend alone. DYOR etc |
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