UBM Share Discussion Threads

[spursspurs] 01/10/2007 11:10

Where do you think it might be heading to?

[flateric] 01/10/2007 11:05

I reckon this is turning up off support now. Came up on a scan.

[tap3] 26/7/2007 02:10

tap3
hope you put in mega bucks 'cause this is a winner!' .......seriously though, what possible reason can you have for investing if you are asking what this company does?

[call-logger] 24/7/2007 12:20

Bought in today ahead of results

Anyone able to give a quick rundown on what they actually do?

TIA

[enami] 22/6/2007 13:24

Pre-close trading update next week Wednesday 27 June
Interim Results 2007 Friday 27 July

[spursspurs] 20/6/2007 09:16

Thought this would be closer to £9 by now with the positive broker comments it has had of late?

[enami] 15/6/2007 20:41

Very quiet here. Correction over?

United Business Media (UBM) shares rose by 7.5p to 816.5p after JP Morgan set an "overweight" rating on the stock. The broker said it favoured the publisher, adding that the market had yet to fully discount an improved business mix and potential for management to create value from an under-geared balance sheet.

[maiseymouse] 14/5/2007 12:46

quite a bullish initiation of coverage

[maiseymouse] 14/5/2007 06:57

going higher?

[enami] 04/5/2007 10:35

Bid news on RTR seems to be affecting this. Are UBM involved in any way?

[enami] 02/5/2007 08:16

Exremely uppish today - are there any rumours?

[enami] 19/4/2007 11:55

Hmmm yes JPM target 950. Ex Div next week 13.6p.

[maiseymouse] 19/4/2007 06:55

JP Morgan are bullish and have raised their price target

[philgun] 08/3/2007 13:19

So all were getting is hope for the future?

[enami] 03/3/2007 12:08

White Van Man – the figures are correct.
If they just paid a special dividend with no consolidation then the share price would drop by 72p on the Special XD day.

The consolidation gives an increase in EPS and future dividends per share will be higher, although you will of course have fewer shares, so everything works out even.

Depending on your individual tax situation it may be better to sell out at the close of busines the day before the special XD date. Remember you will have tax to pay on the 72p. If you have not used your CGT allowance then you can sell out there wil be none to pay

I think it was bad of the company not to mention the consolidation in the Results RNS.
Anybody who bought shares on Friday will be handed back 10%. of their purchase value (on which they have already paid 0.5% stamp duty) and then will have to pay the chancellor 25% of the 72p dividend (assuming they are a higher rate taxpayer).

[white van man] 02/3/2007 20:58

Would anyone care to comment on the following figures?
I hold 1436 shares in UBM. UBM announced on 2/3/07 that for every 49 shares I hold they are going to reissue me with 44 new shares which I calculate to be a total of 1289 new shares. The difference between old and new is 147 shares which based on Friday's opening price of £7.06 gives a value of £1038 that I'm going to lose. Oh that's alright though because UBM are paying a special divi of 72p per share which again based on Friday's price will give me £1033...but that's £5 less than they've just taken away with the share reissue.
Can anyone tell me if these figures are right or am I missing something!!!

[brain smiley] 02/3/2007 11:14

good news

Well-received numbers also supported United Business Media shares, up 30-1/2
pence at 737 after the publishing and exhibition group posted a 5.5 pct rise in
pretax pre-exceptional profit for 2006 and said it will pay a special dividend
of 72 pence per share this month.
UBM reported pretax profit before amortisation and exceptional items of
160.5 mln stg, up from 152.1 mln stg in 2005, slightly ahead of consensus
expectations.
In response, Merrill Lynch noted that 2006 EPS rose 20 pct to 43.8 pence, 6
pct ahead of the broker's forecast.

[1inamilion] 06/2/2007 20:25

looking to get in at 630ish. It may never get there though.

[1inamilion] 06/2/2007 17:36

United Business Media plc
symbol:UBM


FTSE 250-listed company United Business Media doesn't make a lot of headlines itself. But through its press-release distribution business, PR Newswire, it helps to create much of the news in your daily paper. Its other global business is CMP, specialising in business-to-business media and events. CMP is a diverse print and online B2B media empire, with titles as wide-ranging as Network Computing, SearchMedica.com (a web search engine for doctors) and the Farmer's Guardian.

In recent years, UBM has reduced its reliance on old-fashioned newsprint, and moved into faster-growing areas such as online publishing and event organisation. In fact, print brought in less than 50% of last year's revenues of £775 million, and is set to decline further. We are impressed with UBM's ability to reinvent itself, and forecast 2-5% revenue growth for most divisions, with profit margins stable or advancing slightly.

One of UBM's most attractive qualities is its generous shareholder returns policy. The company has an ongoing share buy-back programme, and plans to return £150 million of its cash surplus to shareholders by the end of 2007. It's also possible that UBM will sell PR Newswire, valued at around £500 million. In the past, the company has returned sales profits to shareholders in the form of special dividends.

Meanwhile, UBM's asset mix looks set for long-term growth, and acquisitions would provide further horsepower. Management has a strong track record of delivering returns quickly from new businesses. We estimate the company has headroom of £500 million, and expect this to be used for acquisitions. If no suitable targets can be found, the company may return more cash to shareholders.

While we are bearish on the Media sector as a whole, UBM stands out for its growing internet business. Also, despite one of the higher growth rates in its B2B publishing peer-group, it is valued at a discount on its P/E ratio, which looks unjustified. We therefore have an Accumulate recommendation on the stock.

This year, we expect to see the share price move from 714p up towards our fair value estimate of 800p, putting UBM on a P/E ratio similar to its competitors. Investors looking for a company with solid returns, attractive assets and excellent dividend potential may want to hold the front page for UBM.

Last updated: 05 February 2007

[honiton] 26/1/2007 06:42

SECTOR SENTIMENT

[spursspurs] 10/1/2007 15:46

any thoughts anyone?

[broadwood] 27/11/2006 08:59

Nice 5% rise so far - obviously there's something in it.