Mecom Share Discussion Threads

[butchcasio] 18/3/2014 15:33

It opened up. Remember that. The news was very good. There is a fund selling, I suspect they cannot hold MEC as its now moved up the ranks.

[deltrotter] 18/3/2014 14:32

Cannacord increase target to 158p. I reckon there is a lot more above that to come.

[tom111] 18/3/2014 13:39

Still waiting for the sale of Limburg to go through,that should help

[psheeran1] 18/3/2014 13:39

Blue close would be v nice, panicked a bit first thing, but held tight and took the plunge to add more at 114 as the story just seems to be getting better bit by bit, if Limburg disposal a good deal then can only see another nice leap!

[butchcasio] 18/3/2014 13:36

Will close blue, IMO.


Well done if you held through the dip.


That v shaped intraday chart is a strong setup.

;-)

[billyboswell] 18/3/2014 10:38

Only reaffirming what was reported earlier in the year...good news for me! Surprised by early markets.

[scrabble1975] 18/3/2014 10:37

Cheers delboy. Do I go to the investors website for the webcast?

[deltrotter] 18/3/2014 09:46

Good move Scrab as I listen to the webcast.

[deltrotter] 18/3/2014 08:32

Agreed Butch. This is a recovery stock and IMO it is recovering. None of these stocks start paying out Divis until they are well into the clear. I wasn't expecting one this year, but I am expecting one next year.

A couple more disposals out of the way and that debt will be cleared.

[butchcasio] 18/3/2014 08:30

presentation at 9:30, lets see what that brings.


I've not sold a share, and don't intend to. think long term.

[butchcasio] 18/3/2014 08:06

Suspect, a fund is finishing their selling into this opening strength.

[tom111] 18/3/2014 07:25

Open to further disposals as well,sounds good

[butchcasio] 18/3/2014 07:24

'"In the face of continuing challenges in our advertising markets, these 2013 financial results are very good indeed. Significantly reduced debt and our new financing arrangements provide certainty for the future and will allow us to focus fully on the commercial development of our businesses. I am grateful to all of our colleagues throughout our operations in both the Netherlands and Denmark for their hard work in achieving such a positive out-turn."

[butchcasio] 18/3/2014 07:17

Divi, was always going to be an added bonus, IMO and not something I was expecting yet.

These results are excellent. Beat EBITA expectations and higher EPS too.

Chairman said, ' these are excellent results '


I'm happy, with that.

:-)

[billyboswell] 17/3/2014 22:25

GLA, fingers crossed, good news tomorrow - divi, disposals and confirmation of fy results.

[bogotatrader] 17/3/2014 19:56

Early start tomorrow....

[butchcasio] 17/3/2014 17:33

Should start to see the benefit from the disposals...



>>>>>>>>>>>>>>>>>>>>
Results for the year are expected to be ahead of previous guidance, with full year EBITDA estimated at approximately EUR87 million (2012: EUR87 million). The Group expects adjusted earnings per share from continuing operations to be approximately 28 euro cents (2012: 24 euro cents). Comparisons with 2012 performance are affected by the disposals made during 2013, but excluding the results of businesses sold from both financial years EBITDA is estimated to be approximately EUR6 million higher than in 2012.

Group net debt at 31(st) December 2013 was approximately EUR38 million, 0.5 times pro-forma EBITDA and EUR91 million lower than at 31(st) December 2012 largely due to the receipt of more than EUR70 million of disposal proceeds during the year.
>>>>>>>>>>>>>>>>>>>>


Thats the yard stick.

[tom111] 17/3/2014 17:28

Expecting good news tomorrow

[butchcasio] 17/3/2014 16:29

Am balls deep here.

[butchcasio] 14/3/2014 12:23

123p is a great buy point, if you want to to take on more risk.

[butchcasio] 14/3/2014 12:22

Henderson are selling a few of their holdings down. Never helps with macro pressures building. Lots of news about at the moment to sell.

[tom111] 14/3/2014 12:05

Russia killing the market short term

[alimac100] 14/3/2014 10:04

Little bit shaky ahead of results. May also be a bit of read across to recent news at JPR & TNI?

Good to see Legal & General back again at 5%+, tho' still below their earlier level of holdings.

Looked at a part disposal at 130 but have decide to hang on for the ride as there should be more to come from MEC. Here's hoping for good news re disposals, refinance details, divi etc next week.

GLA