Lbg Media Share Discussion Threads

[lennonsalive] 21/5/2024 13:01

Interesting to see it's just buyers with this share.

[masurenguy] 20/5/2024 11:35

Looks like there is some good momentum building here with a 33% rise in the shareprice since the results were announced last month.

[masurenguy] 14/5/2024 13:07

There was a sizable purchase of 1.15m shares earlier this morning @77.75 (costing £892k), which seems to have stimulated some interest here.

[strollingmolby] 14/5/2024 12:46

A lot of volume going through today!

[masurenguy] 23/4/2024 07:35

LBG Media plc announces that its audited financial results for the year ended 31 December 2023 are available to view on the Company's website at www.lbgmedia.co.uk. The audited final results contain no material adjustments to the unaudited results announced on Thursday, 18 April 2024.

[nakedmolerat] 19/4/2024 15:51

Alexander ‘Solly’ Solomou, chief executive of youth publisher LBG Media (LBG: AIM) bought 341,929 shares at an average of 73p for a total value of £248,753 on 18 April.

Earlier in the week, the LADbible owner reported solid full-year results with group revenue rising 7.5% to £67.5 million.

The company said adjusted EBITDA (earnings before interest taxation depreciation and amortisation) was ahead 10.8% year-on-year, reaching £17.4 million, with a healthy margin of 26% against 25% in the prior-year period.

Solomou’s move could be seen as a vote of confidence in the youth publisher which is successfully expanding into the US with the October 2023 acquisition of digital media brand Betches for £19.3 million.

[masurenguy] 19/4/2024 15:04

LBG Media on track

LBG Media has made a good start to 2024 and there are signs that advertising will be positive for the digital publisher this year, says Peel Hunt. Analyst Jessica Pok retained her ‘buy’ recommendation and target price of 135p on the multi-channel youth publisher, which climbed 5.2% to 71p on Thursday.

It reported a 7.5% increase in revenues to £68m and earnings growth of 11% to £17m in 2023 and audience performance indicators ‘continue to be very strong’, Pok said, with 452m global viewers worldwide, and video views up 30% year-on-year to 128bn. The group was ‘on track to meet full-year 2024 market expectations’, Pok explained. "So far the new year is going well, and the group looks on track… with LBG’s market-leading audience and attractive and differentiated offering to brands, management believe there is clear line of sight to £200m revenues in time. There are positive signs all around that social media will have a solid year for advertising in 2024 which will be supportive of LBG’s growth this year". she said The shares have fallen 9.3% this year but the full-year 2024 price-to-earnings multiple of 0.9 times means Pok is still a buyer.

[saucepan] 18/4/2024 07:07

Buried near the bottom:

2023 Basic eps: 0.8p; (2022: 2.6p)

[masurenguy] 03/4/2024 07:11

Notice of results

LBG Media plc, will announce results for the full year ending 31 December 2023 on Thursday 18 April 2024. Management will host an analyst presentation at 09.30am with attendance by invitation only. A recording of the presentation will be available on the LBG Media plc website.

[masurenguy] 27/3/2024 09:58

Results due next month and a brief reminder from the year end trading update issued in December.

"The board of LBG Media is pleased with the strategic and financial progress in FY23 as the Group further deepened its market leadership position, now with over 440M followers. Direct blue chip advertiser relationships have grown significantly. The Board expects to report revenue growth from £62.8m last year to approximately £67m for FY23. We also expect adjusted EBITDA* to have grown at least 8% from £15.7m last year to at least £17m in FY23 and with a second half performance of at least £14m, having grown that from £3m reported in the first half of FY23. Adjusting for a reduction in the year-on-year profit contribution from Australia, our underlying adjusted EBITDA would have grown by over 30% year-on-year.

[masurenguy] 20/12/2023 15:56

Positive Y/E update with sales up 6.7% and EBITDA up 8%. These growth figures would have been higher but for the problems encountered in Australia. Without them, EBITDA would have increased by circa 30%. With a restructuring of Australian operations and new horizons in the US, after completing their recent acquisition there, the prospects for the new year look to be promising.

Pre-Close Trading Update

The board of LBG Media is pleased with the strategic and financial progress in FY23 as the Group further deepened its market leadership position, now with over 440M followers. Direct blue chip advertiser relationships have grown significantly.

The Board expects to report revenue growth from £62.8m last year to approximately £67m for FY23. We also expect adjusted EBITDA* to have grown at least 8% from £15.7m last year to at least £17m in FY23 and with a second half performance of at least £14m, having grown that from £3m reported in the first half of FY23. Adjusting for a reduction in the year-on-year profit contribution from Australia, our underlying adjusted EBITDA would have grown by over 30% year-on-year.

We have significantly accelerated our progress into the US this year with the acquisition of Betches Media in October 2023, for an initial consideration of $24m. Both performance and integration are going to plan and its contribution will naturally be much more significant next year as we progress our plans into the US market, which is worth over $363bn.

In Australia we have implemented a number of positive changes to make the operating model more efficient from January 2024. This is in response to a year-on-year reduction in Australia's profitability of approximately £3m, with our improvements not only reversing the reduction felt this year but also providing a more efficient model from which to grow, and a potential partnership template to consider for other regions in the future. Our improvements in Australia combine the centralisation of social and web operations into our UK centre of excellence at a more efficient cost base for the indirect revenues and for direct revenues, leveraging a new multi-year strategic partnership model recently announced with the largest online media publisher in the country.

Our UK and Ireland businesses have continued to perform well this year highlighting the strength of our differentiated offering, our unrivalled audience growth and high levels of engagement against our competitors as well as the quality of the talent within the business. This is further evidenced by our high conversion rates and significant roster of new and growing clients working with us.

Outlook

The Board remains confident in the growth outlook for 2024, supported by the progression of our US ambitions with Betches Media, realising the benefits of our new operating model in Australia as well as the opportunities represented by key advertising moments such as Euro 2024 and the Olympics.

[masurenguy] 27/11/2023 16:00

This is now on an upward trajectory - the shareprice has risen by 29% over the past 3 months.

[john09] 14/11/2023 08:52

Morning all

New thread for sharewatchers. General chat about SCSW followed stocks so investors can discuss 2024 etc. No sharing of subscriber only information

[strollingmolby] 18/10/2023 11:39

Interesting acquisition of Betches Media in the US, though looks expensive on the face of it. $24m initial consideration and up to $30m more dependent on certain revenue and profitability targets to 2026, for a group with $3.9m adjusted EBITDA in 2022 on revenue of $14.6m.

Betches does appear to have healthy margins but it would have been good to see what those targets are through 2026 for those additional cash payments to be made.

[masurenguy] 15/10/2023 15:30

Thanks for that link SM. Some interesting comments from Abby Glennie on LBG but of course that was 5 months ago and the small cap market has declined since then. The shareprice is circa 17% lower today despite having rebounded a bit over over the past few weeks. The other interesting stock that she commented on was Spirent where the shareprice has virtually halved since then. Spirent has been on my watchlist for some time wheras I'm already invested in LBG and I'm just slightly underwater at the current price. Both of these companies have strong balance sheets and capable management and they are also market leaders in their niche sectors.

[strollingmolby] 15/10/2023 15:07

I didn't notice this mention of LBG at the time of issue (May'23), by Abbie Glennie of Abrdn, and is worth a listen (approx. 4 mins long):

[john09] 06/10/2023 13:38

I found that more interesting than your usual cut and paste of an RNS that we can all see anyway

[masurenguy] 06/10/2023 13:34

Despite the recent weakness in small caps, LBG is up by 20% over the past couple of weeks.