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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Sport Media | SPMG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.925 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.925 | 0.925 |
| Top Posts |
|---|
Posted at 13/2/2011 12:29 by pedro57 Good to see a pick-up of activity and a debate going on at SPMG's message board. Cartagena, if you look at SPMG's past investor presentations you will see that there hasn't been a decline in readership since 2009, over 1H10 the Daily Sport sold 72,400 copies during the work-week and over Jul-Aug there was a small improvement with 73,500 copies sold. I think it is unlikely that these trends would have changed so much over Sep-Dec to arrive at your 10% decline in physical newspaper sales. You are correct that it is all about sales, but the way I view SPMG is that at a share price of 1p the worst is priced in the company is not going bust even if there were to be a further deterioration in cash generation. All management needs to do is grow sales and cut costs a little bit and we will see decent EPS and even better cash generation. It is also important to remember that the Daily Sport was bought for £50m, currently SPMG's enterprise value is £12m, which in my undervalued the asset even if its value were 1/3 of the original purchase price SPMG should be trading at a multiple to where it is today. You were referencing the difficult situation the UK newspaper industry is in, which is true, but at the same time UK newspaper shares have more than doubled over the last two year and are trading at higher valuations than SPMG. |
Posted at 08/2/2011 08:49 by pedro57 Cartagena you make a valid point about the weather I am sure that there will have been a negative impact on sales similar to what many other UK businesses have experienced. It is however important to remember that the Christmas holiday represents the low for SPMG's newspaper sales (page 4 of investor presentation) and we had a negative impact from cold weather in winter 2009 as well, which means that the historical operating profitability already reflects the negative impact from cold winter weather to a certain extent. I agree however that the sales of newspaper that did not happen because of this year's winter will be badly missed. Interesting to hear about new look paper it will be interesting to buy a copy today to analyse changes, less pages will help on costs, but most important is what advertising consists of as in my view any evidence of more mainstream advertising would indicate improvement in advertising revenues. |
Posted at 08/2/2011 08:42 by pedro57 Administrative costs are essentially the cost of paying employees and renting SPMG's offices, the company has already reduced costs here quite aggressively highlighted by a 20% cost reduction in 1H10 over 1H09, but there still should be a small further improvement in 2010. The finance costs are essentially the cost of debt, which will gradually come down as debt is repaid (net debt was reduced by ~4% in 1H10). The share based payment charges is the cost of awarding options to management, it is non-cash, but seems high to me particularly because management does not have that many options. The amortisation of intangibles relates to the £1.1m of intangibles on the balance sheet. This amortisation is non-cash effective, but reduces the tax paid so I would expect this to continue, although the company could stop amortising this item and show a 0.3p improvement in EPS if it wanted to. In my view the most effective cost savings for SPMG are not within cost of sales that were £7.65m over 1H10 almost 80% of revenue. If SPMG were able to reduce wastage (mainly copies of newspaper that are not read) this would impact bottom line more significantly than the items you listed. It does seem that SPMG has been targeting COGS with some success as evidenced in their investor presentation with newspaper waste rates 2% lower in Jul-Aug 2010 than the 1H10 average. If SPMG could build on the momentum of lowering waste rates through either selling more newspapers or better inventory management it would make a considerable difference on the bottom line. |
Posted at 01/2/2011 00:05 by knowing Current price 0.8/0.88 - Needed a thread with a daily chart for monitoring.Investor Presentation - Financial Calendar - |
Posted at 24/11/2010 09:18 by smicker 2.4 million shares equals 24,000 pounds approx so in value terms pretty insignificant but it almost certainly must be institutions selling if you look above as 2.9m is over 3% so must be notified. On the other hand many private investors would deal in 24k pounds value so hard to say who bought them. |
Posted at 23/11/2010 11:44 by pedro57 Does anybody have a view what the 2.4m shares relate to that were traded at ask today? Similar to last week a lot of volume has gone through without related reaction on share price? Is this a trade between institutional investors, i.e. one selling another buying? Thank you for your help! |
Posted at 30/9/2010 14:13 by pedro57 I agree with your assessment, currently company is priced for going bust and today's interims have shown that company is generating enough cash to pay interest cost. The key question is where do we go from here and whether we will see institutional interest and new investors in the stock. Net debt is significant, but if the company were ever to improve the operational performance the improvement over current trading would be considerable. It would also be good to see some director buying, which so far has not been the case. The underlying value of company is a multiple of the current share price, but question is how soon will this crystallise? |
Posted at 28/9/2010 12:13 by pedro57 There was a big 500K buy order that went through mopping up some cheap shares. Interim results should be out in the next two days given bombed out sentiment SPMG could be on the radar of some investors. |
Posted at 16/9/2010 18:34 by davydoo CEO has shares valued at...............£87I know 2 year olds with child trust funds worth more Funny thing is, hes also the Investor Relations contact for the co. |
Posted at 22/1/2010 11:55 by tr4ck This sums you up -. This is how Bashers work: * They will do their best to remain anonymous or use a fake identity. * They will use about 10% fact and 90% suggestion. The carefully chosen and carefully placed facts are there to lend credibility to the rest of what they say, which is merely unfounded suggestion intended to deceive. * To start with, they wait for others to help you learn about whatever stock interests you. Then they develop rapport and build a support base before initiating their bashing routine. * They will enter the discussion with humor and will reply to everyone else who replies to their target's postings. * A single basher often will use two or more aliases to make it appear that a discussion has begun. He or she will post from multiple ISP's and use multiple "handles." * The basher usually does not start with an all-out slam of the stock. He or she will build up to the bashing over a period of time. * Bashers will identify their foe, usually the board's "guru." Then the clever bashers will use them to their own advantage and lead them, but they will not follow the "guru's" lead. * Bashers only bash until the tide and momentum turns, then they simply let doubt carry their message the rest of the way. * Bashers try to give the appearance of being open-minded. * Bashers are bold in their statements, knowing that people like to follow strength. * Bashers like to write headlines in capital letters and use catchy phrases. * Bashers will "pour it on" as their position gains momentum. * Bashers don't worry about being labeled a "basher," since the current newbie being targeted won't know the basher's history. * When identified, a basher will put up a brief fight, then back off and return in an hour or so. But if a basher's foe is a weak in reasoning powers, the basher will just come on even stronger and push ahead with the bashing. * If a basher is discredited, he or she will change aliases, maybe change the gender of the alias, and continue on that board or another one. * A basher's goal is to limit the momentum of the run, but not to tank the company or create a plunge in the stock; thus a basher will tend to be subtle and consistent. * The basher is out to kill the dreams of profits, but not the company or the stock itself. * Bashers use questions to create critical thinking, but they guide the critical thinking toward their own intended conclusion. What is posted ends up not actually being critical thinking on the part of the investor; it just looks like it is. The investor feels informed but, in reality, the basher has guided the thinking. * Bashers try to look nice. They don't lie, use profanity, or resort to name-calling. * Bashers encourage people to call the company, knowing that 99% of them won't ever do so. Instead, all but the most savvy investors will take the basher's word for claims made. If an investor does call, a smart basher can always find something that is inaccurate in the report of what the company said. * Bashers also discourage people from taking the company's word for anything, saying, "Of course that is what the company is going to claim." * If the company's history or its PR is negative, a basher will continually return to that point. * The basher will compile a list of anything negative about the company that is true before beginning to bash it. * If the price of the company's stock rises, the basher will attribute that to the hype or the PR, claim it's only a temporary mass reaction, say "it's just the market," or give any reason other than the actual merits of the stock itself. * If other posters share a basher's "concerns," the basher will play on his or her good luck and share even more "concerns." * Bashers always cite low volume, even when it's not true. * A basher who is writing from three or four aliases can dominate a board and wear down the rest of the posters. * Bashers will bait the hypesters into personality debates, diverting their focus and efforts from the stocks to the posters. * Bashers will say they are trying to present the facts from a "different perspective." * Bashers will try to promote other stocks that would-be investors can investigate instead of the one they are bashing. * Bashers refuse to respond to any challenges on the "values" or ethics of what they are doing. For them, it's a game, and they are playing it by their own rules. |
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