UBM Share Discussion Threads

[grahamite2] 09/12/2014 19:50

Thanks Robert (and how are you keeping, by the way? It's been a long time).

I went round to see my Dad today and look at the papers; it's a traditional issue without the rights paying for new shares option, which I think you mainly get with privatizations and similar where there are a lot of Joe Six Pack shareholders.

Ideally I'd sell the UBMN tomorrow for a bird in the hand, but that might be difficult for us so I'll hope the sponsors get a good price on Thursday or Friday, whenever it is.

[robertfaulkner] 09/12/2014 19:32

There is a market to sell the nil paid (UBMN), so you could sell some (as you say) and use the proceeds to pay for some of the RI allocation

I think if you do nothing the registrars pay you the price of UBMN at the close of business when they become fully paid

[grahamite2] 09/12/2014 09:01

Do I assume this is one of those situations where you either need to sell the rights or take the rights up, but the one thing not to do is do nothing? Is there an option to sell some rights to finance taking up the balance?

[robertfaulkner] 09/12/2014 08:44

I have UBM at 453 to buy and UBMN at 165 to buy now

on the 4th Dec 11:00 UBM at 465 and UBMN at 178

Is it going lower?

I have 11th Dec as last day to pay the 287p for the RI shares

Anyone know when the UBMN go fully paid and stop being traded

[robertfaulkner] 27/11/2014 14:43

Thanks, I had tried UBMNP

[paa65] 27/11/2014 10:40

H.L have given them an epic of UBMN

[paa65] 27/11/2014 10:33

My shares are with Hargreaves Lansdown. This morning when I logged in, they are showing me my nil paid rights and the current price.They are 168.75 right now

[robertfaulkner] 27/11/2014 10:09

PAA, do you have a site/stockbroker showing the Nil Paid price?

I got the estimate of value of Nil Paid wrong, it should be 5/4 x 125p = 156.2p

So your 166p shows hope of an increase

[robertfaulkner] 27/11/2014 09:49

Notice says UBM non paid will be tradable from this morning but I cant't find a quote yet

[paa65] 27/11/2014 09:37

They are not really 22% down compared to yesterday. It's just the effect of the extra rights issue shares.Yesterday I owned 1535 at 578p each. Today I own 1535 at 452p and 1228 'Nil paid rights' currently valued at 166p each.If you do the maths my holding today is worth 1% more than yesterday.

[robertfaulkner] 27/11/2014 09:36

R I is 4 new shares @ 287p for every 5 existing shares

Shares down from 576p yesterday to Buy @ 450p today


Record date for shares that will get RI is 24th Nov so that is why the share price dropped today by 126p(so if you buy now no RI with them)

The RI non paid should be valued around 125p when they become tradable

[robertfaulkner] 27/11/2014 09:16

They got their vote to buy the US company and a rights issue

Down 125p - 22% the market doesn't like it

[cwa1] 22/10/2014 07:50

IMS



Good Q3 performance in line with expectations - on track for the full year

UBM plc today issues the following Interim Management Statement for the period
to 30 September 2014.

UBM performed well in the third quarter, in line with the Board's expectations.
While reported results will continue to be affected by currency movements,
underlying performance remains on track for the full year with all three
business segments expected to deliver in line with the guidance given at the
half year.

Good underlying growth in the Events business was driven by the five Top 20
shows which ran during the third quarter. Both Black Hat in the USA and
Children Baby Maternity Expo in China performed strongly and World Routes
held in Chicago and the September Hong Kong Jewellery & GemFair delivered good
performances. Solid year-on-year growth was achieved by Furniture China.

The focus in Other Marketing Services continues to be on aligning sustainable
online and print marketing services more closely with the Events business.

PR Newswire generated solid underlying growth and good margins.


Portfolio changes

During the quarter we invested GBP7.4m in our Events business, acquiring Seatrade
Communications and the remaining 30% stake in Catersource.


Strategy Presentation

UBM will give a Strategy Presentation at the London Stock Exchange at 9am
on Monday 3 November 2014.

Short and reasonably OK, without a lot of detail, under the circs?

[4124] 14/10/2014 16:35

The problem that UBM have got is that it looks as if the new CEO (with no Media experience) has come in and "bet the shop" on the US purchase. While it makes sense to reduce the exposure to China and Brazil (especially as there are rumours that the Chinese are looking to take back ownership of foreign companies) - it does look a little bit of a "punt".

Look at what happened to EMAP when they did the same .... not good. And they have bought a company where (presumably) a lot of any cost savings have already been stripped out.

Post-Levin the management of UBM is VERY weak - so the only hope is that the management of Advanstar are both good and want to stay...

I think that the %ages are against this being a good deal. They need to sell PRNewswire asap and the new CEO needs to explain the new Strategy and how the acquisition fits into it (rather than creating a Strategy to justify it ...)

[robertfaulkner] 14/10/2014 01:49

Looks more likely to go below 500p

[robertfaulkner] 10/10/2014 11:39

Going below 500p?

[robertfaulkner] 08/10/2014 13:20

I can't understand the share price still dropping after announcement of buying Advanstar in US (1st OCT)

Is it because Advanstar are only taking cash, no UBM shares (which means Advanstar don't think the share price of UBM(after takeover) will be high enough, in future to take them, instead of cash?

Does the market think the RI will not be taken up because the purchaser of Advanstar is not worth having?

[cwa1] 07/10/2014 09:00

Morning

Just joined you all here with a modest maiden purchase. Rationale, briefly, being: reasonable earnings multiple, decent yield and the price falling off to recent lows after the Advanstar deal and attendant potential rights issue drag. The deal itself looks, on the face of it to be decent enough on a quick glance.

Hopefully once the rights issue factor wears off and with some luck Advanstar works out OK, the share price can recover in the fullness of time(probably not much before early next year though, I suspect).

Fingers crossed and good fortune to all holders.

[robertfaulkner] 02/10/2014 02:21

Looks good buy market puts UBM down by 6%?????

Have they paid too much for it?



LONDON--U.K. media company UBM PLC (UBM.LN) said Wednesday it has agreed to buy Advanstar Communications, a U.S. events company best known for producing the Magic Marketplace fashion event, for $972 million in cash.

The addition of Advanstar's 54 trade shows and roughly 100 conferences will make UBM--which runs trade shows and owns the press release business PR Newswire--the biggest events business in the U.S. by 2013 revenue, UBM said.

"In addition to being financially attractive, [the acquition] strengthens UBM's core events business," said UBM Chief Executive Tim Cobbold. "Advanstar gives UBM a portfolio of high quality, large scale "must-attend" events which serve growing markets, particularly the U.S. fashion industry, a new vertical for UBM," he added.

Advanstar Chief Executive Joe Loggia will continue to manage the business, UBM said.

UBM announced a new financing package to pay for the deal, comprising a GBP563 million rights issue and a $100 million bridge facility. The rights issue will be launched in November if shareholders approve the acquisition

[stpalm] 20/8/2014 01:11

Yes Robert, 636 is not an all time low, in fact it got to 400ish 2yrs ago. ItS a good trade around 650 for 700-750 flipped it 3 times in the last 2yrs. Always seems to bounce back quickly when it goes below 650 and you may get the odd divi as well, i bought a few extra when they dropped to 610 may sell a few when it gets to 650 just to protect capital on the downside. Seems unlikely they gonna go below 600 unless there are market wide drops

[dumpling2] 06/8/2014 17:47

Estimated profits 2014 £115m . 2015 £130m PE in the region of 12. Brokers views are generally positive with the exception of Panmure Gordon. The one cloud is the so-called strength of the pound. Other than that I can't ex[plain the drop. I'm down about 15% on this one.

[robertfaulkner] 25/7/2014 16:05

Just trying to get some BB talking about UBM

My friend recommended them to me at 680p or below

Now down to an all time low of 636p

Any posters with thoughts?

[robertfaulkner] 12/5/2014 19:26

I thought I'd post some rubbish before 6 months has passed with no posts.


Anyone know why you get such wide swings from day to day, is it lack of liquidity in UBM shares?

[stpalm] 11/12/2013 16:03

been in at 650 and out at 750 twice in last yr or so. think its a well run co.

[value viper] 29/11/2013 14:57

Chart aint great but I reckon a bit of value starting to lurk in here.