|Spg Media Group
||EPS - Basic
||Market Cap (m)
Real-Time news about Spg Media (London Stock Exchange): 0 recent articles
|gagarin: Spiritbear - youre right its a snakepit, but if you hold then you too have seen the value of your investment go up 30 - 40%, and lets face it this shares been a dog so I'm not complaining on this rise.
What stinks is DOWNWARD manipulation: small sells to suppress the price, negative attacks on bb's to suppress the price etc. etc. in order to maximise profit when the good news is made public.I dont think there is an even playing field.
There was a brief period at the end of the last century when it evened up - the city was shouting to the roof tops about the power of the internet without realising its impact on their own line of business and briefly pi's were able to access information and trade on the internet in a way that had previously been the preserve of financial institutions: this particularly impacted on momentum investing.For the first time the city was chasing the game, and we had the tech boom with ludicrous overvaluations,pi's sitting on huge gains which they then lost if they were too greedy and believed their own hype when the fight back started, and failed to sell in time.The rest, as they say is history - the city has now learnt to use boards like this to manipulate sentiment, and a market maker with a strategy is always going to be ahead of you and me because they have the power, and better information systems, to move the share price.
In the case of this share I think inod is right - ultimately its too small to really matter and the turnover has not been large enough to suggest anything really dark.Personally I'm just hoping this leads to a decent offer and I can move on.
In this particular case if you were the suitor company you would I assume look to buy as many shares as you could, at the lowest possible price, without declaring your hand : I certainly would, in order to offset dead management time in the event of a failed bid.|
|spiritbear: I see that there are a number of Board Directors that Steve has employed over recent times from print publishing backgrounds e.g. Emap, Reed, Mirror Group etc. And they may not have agreed with Steve on his new direction with Print. i.e. End it. This could have led to a split in the Boardroom voting Steve off. It wouldn't be difficult to use the last three years results and share price as an excuse to wield the axe.
This I think is what has backfired on Steve.
Bloody good show Steve!|
|diku: This company will be taken over sooner or later at a depressed share price.|
|mister tomato: ...er yeah...! Lets have some substance behind your claims please qut. After another dismal set of results (3rd year running) you'd think the CEO and his chums would have worked it out by now..! That little bit of window dressing SPB to SPM just doesn't cut it with me. They're an old style company trying to make way in a new style era (viz-a-vie initially publishing and now new media). Until we see some major shift in company philosophy and subsequent direction, the share price is going to drift around aimlessly. a Big speculative punt....|
|kuqi: qut, are we also investment mates with Profile Media, as I've seen you post on there a couple of time too (well, a couple more LOL's anyway). I bought the odd few thousand the other day. Do you reckon it's a good investment? Now that's what I call good timing - or was it just the masterstroke of a stock market genius? 0)
Top share price riser of the day. wooohooo! Another decent rise on Moday too, methinks.
I can predict decent share price risers, but obviously not the date of spm's release of final year results. End of this week? It's been and gone, and still no news. Oh well, I'm sure it'll be next week. Right now I'm off to the pub to part with some of the winnings from PMD. I might even chip in a round for some of the regulars, as I'm that kind of jovial, fun loving guy. 0)|
|kuqi: Sorry you're missing me qut, and I'll try not to leave it so long between visits next time, as I know you're pining for my outrageous optimism. 0)
I'm still just about in the land of the living, which could almost be a pretty good description of spm. Not a lot going on around these parts lately, and it's sort of making a night time episode of Big Brother seem rivetting.
Oh well, can't be more than a few days to the BIG ONE - annual results time. D'ya reckon turnover will break £22m? Can't say I'm too hopeful about it, but there's one or two areas of the results I'm really loking forward to scrutinising, given what's been said over the last couple of years.
frances2, haven't I heard that 20p soon comment on this board before? By the way, where is Kitkat these days? Haven't heard the "20p then on to 50p" spiel for some time now and I'm kinda missing it. Don't say that after all that bigging up of the share price, Kitkat bailed out and left me holding all this garba....er, spm stock.|
|spiritbear: Anybody tempted at 6.5p?
The sector market still very poor, and still think share price will drop further.|
|kuqi: "The managers were in print and forum sales"
Don't they normally have a pretty high turnover of sales managers anyway? From what I've heard before about sales managers coming and going, I'm surprised they actually had any with 10 years experience. In fact, I'd be equally surprised to find out they had many with 2 years managerial experience of sales. Print sales is understandable, but now it's getting in to forum sales as well? Either way you look at it, it doesn't look good for turnover. If they were asked to go, they obviously weren't performing, and if they left of their own accord, does this mean that turnover was so low they weren't reaching expected earnings levels?
"I personally think that the share price will continue to drop!"
Well thanks for that, 0820. It sort of completes a really bad day all round for me. :(
"Not so much the company's plans as the company's 'AIM', pun intended."
God, that's terrible!|
|kuqi: Well I hope you're right, qut. After all, I don't hold shares for the fun of it, and we all want to make a profit. Having held these things for many years now, I still can't see the prospect of future profit.
May I ask what makes you believe that there are brighter times ahead? Do you know something that I don't? From my perspective, all I ever see with spm is reorganisation, rationalisation and strategy changes without the share price ever reaping any long term tangible benefits. We've had management changes galore, senior staff leaving all over the place, with yet another one (more senior than most) disappearing from the scene in the next couple of weeks, and we've had a major name change, incorporating all the seperate subsidiaries into one trading unit. All for the good of the company, we've been told, yet here we are with the print sector being wound down, and the forums and web business described as achievivng modest growth at best, or merely stable.
Have a look at the turnover figures for the past four years. 2001 £37.6m; 2002 £32.9m; 2003 £24.7m; 2004 £23.9m; this half year £9.2m which looks like another projected drop on the previous year. Then we're told in a previous message that most of the senior experienced sales staff have gone too, so where exactly am I supposed to get this optimism from?
SPG is in a very competitive global market, and they seem to be losing out big time, with no sustained period of internal stability amongst management and senior staff. Please let me know what info you have for the resurgence in turnover, profits and future sweetness and light for this company, because try as I might, I really don't see it myself.|
|spiritbear: Did you notice this:
11th Feb 05
"SPG Media Group plc (the "Company") announced that it had been notified that on 10 February 2005 directors Steve Nicholson and Derek Watson each acquired 13,636 ordinary 5p shares in the Company under the Company's Share Incentive Plan at 11p per share."
Employees can't be too pleased with the way this must have been handled!
Interim Results 16th Nov 04:
"We are delighted to report that the company is on track to deliver the planned
strategy with a return to half year profits ahead of expectations....The board is confident that the company is on track to return to sustained
profitability and growth" Steve Nicholson
The launch of the company share incentive plan with all the hype and recent share price gains due to interim results and selling of Debretts, management decide for a big and persuasive push to middle management/employees to buy into the company. Share price in Dec 04 up to 15-17p.
21st Jan 05
Senior management release a profit warning statement and shares drop from 18p to 10p.
Employees can't be happy being offered a share incentive plan in mid Dec, when Senior management must have known also in mid Dec, that they would have to release a profit warning statement within a month, as spm couldn't possibly hit the £250,000 target profit by end of the financial year.
To the employees, this would come across as a real kick in the you know whats its by their own management. And to top it all, management buys in at 11p and we don't know what the incentive package was. Three 4 one? Otherwise, it's not an incentive. The city doen't like this sort of thing and Steve Nicholson will/is losing credibility fast in the city!|
Spg Media share price data is direct from the London Stock Exchange