I think we just have to wait for the interims as you say, and perhaps more importantly their outlook for the second half.
The fall in profit last year on similar revenues was identified as taking on too many permanent hires rather than using freelancers. Let's see if they've rectified this as promised.
Fingers crossed if you're a shareholder. |
MM
It is hardly growing. 2024 profit numbers were less than half of 2023 and 2022!
Ok, it could have just been down to a dodgy first half last year but we just dont know. No forecasts and no company news.
With the cash balances I certainly think we are nearer the bottome than the top in terms of share price But if we are growing and there is good news to come why are the company not managing that news better rather than letting a very illiquid market take it down to multi year lows?
Interims could surprise to the upside, but we just dont know! |
The enterprise value is just telling me that AEO is cheap on all known facts at the moment. I think it's closer to £3m actually, against a market cap. of £4.2m.
It's a growing, profitable, dividend paying (nearly 7%) and cash generative business. Not many of those on AIM.
It will be interesting to see the next update, but they've traditionally done well even in the most difficult times. |
With enterprise value back to circa £2m it is very hard to justify the recent options award unless they are going to pull something out of the fire with the interims in a couple of weeks time! |
So approx £300k paid out in dividends which would buy 600k shares at today's prices if anyone was confident enough to reinvest the money.
I dont know which Monty Python sketch best applies. Life of Brian, "Give us a sign" or the dead parrot sketch, "its not dead, its just sleeping!" |
davidosh - AEO shares went XD today |
Down 7% and 30k sold. Any of you selling for some reason? |
Makes sense. Thanks for sharing David. |
When individual shareholders vote on something in large numbers then it usually means there needs to be change...I see two of the non execs have been on the board a very long time. Institutional voters based on good corporate governance guidelines would have requested change much earlier but clearly this NED was up for re election. One was up for re-election last year and had a significant vote against.
Maybe the board needs to listen to shareholders this time as it is obvious what happens next...
Alan Charlton joining the board is a huge step in the right direction |
So over 2.3m shares voted against resolution 3 which was to re-appoint Stephen Haffner as a Director.
Where did that large block of shares come from and what story am I missing here? |
 Aeorema Communications plc (AIM: AEO), a leading strategic communications group, is pleased to announce its audited results for the year ended 30 June 2024 ("FY2024").
OVERVIEW
•
Reported record revenue of £20.3m and a profit before tax ('PBT') of £437,000 for the financial year ending 30 June 2024 (FY2023: £20.2m and £1.0m respectively)
•
Investments made in recent years have helped the Group respond to market shifts and strengthen client relationships.
•
Expanded presence into Austin, Texas: a growing technology hub, targeting U.S. domestic events like SXSW.
•
Maintained a strong cash position with £1.7m in the bank at the date of this announcement.
•
Proposing a final dividend of 3 pence per share (FY2023: 3 pence per share), pending shareholder approval.
POST PERIOD END
•
Began implementing a cost-reduction and rebalancing programme to create a more efficient and focused operating model.
•
Secured foothold at the Global Economic Forum in Davos in January 2025, which is expected to open new opportunities and widen access to financial and professional service sectors.
•
Continued growth at Cannes Lions International Festival of Creativity 2025 ("Cannes Lions"). Expecting exceptional project retention year on year, net new client wins and further embedding across client and local partnerships. |
I've a small holding here, and given the share price decline I thought today's results and commentary actually read pretty well. This H1 might not be great, but overall the prospects to June '25 look more optimistic:
- £1.7m cash against the £5m m/cap
- at £0.44m PBT still nicely profitable in a down year, and figures slightly ahead of July's guidance
- "we await the finalisation of several contracts and the scheduling of new opportunities. We will update the market as developments unfold"
- Cannes Lions looks bullish for 2025
- the USA arm now has "an impressive roster of U.S. based clients"
- AEO will have a presence at Davos's Global Economic Forum in Jan for the first time
- AEO are also now represented in Austin, home of the massive SXSW music festival
- there's an ongoing programme to reduce costs
- they're "therefore cautiously optimistic for FY2025 and believe that the most uncertain times may be behind us" |
From the other thread...
Just to let shareholders and prospective investors know that Aeorema will be presenting & exhibiting at Mello's 10-year anniversary show on Tuesday 19th & Wednesday 20th November 2024 9am - 7pm.
The Budget is out, Mello is in! To celebrate our 10 Year Anniversary, we have created a two-day investor conference that will include top quality keynote speakers including but not limited to Peter Pereira Gray, Paul Hill, Ben Rogoff, Rosemary Banyard and Gervais Williams. Also featuring panel sessions such as our popular Mello BASH (Buy, Avoid, Sell, Hold) with professional investors and analysts such as Leon Boros, Mark Simpson and Paul Scott. There will be over 40 exhibiting companies and over 60 presentations from companies such as The Property Franchise Group, Time Finance, Brave Bison, Mortgage Advice Bureau and many more! Get 50% off your ticket with code MMTADVFN50. Tickets are still available: |
Just to let shareholders and prospective investors know that Aeorema will be presenting & exhibiting at Mello's 10-year anniversary show on Tuesday 19th & Wednesday 20th November 2024 9am - 7pm.
The Budget is out, Mello is in! To celebrate our 10 Year Anniversary, we have created a two-day investor conference that will include top quality keynote speakers including but not limited to Peter Pereira Gray, Paul Hill, Ben Rogoff, Rosemary Banyard and Gervais Williams. Also featuring panel sessions such as our popular Mello BASH (Buy, Avoid, Sell, Hold) with professional investors and analysts such as Leon Boros, Mark Simpson and Paul Scott. There will be over 40 exhibiting companies and over 60 presentations from companies such as The Property Franchise Group, Time Finance, Brave Bison, Mortgage Advice Bureau and many more! Get 50% off your ticket with code MMTADVFN50. Tickets are still available: |
LOL tiwas, not if you read the old USG thread you will see:
Just as a taster: And note nico115 was not me he was refering too, it was another investor.
"nico11531 Jan '20 - 11:06 - 500 of 509
Still hope this goes to zero
Can’t believe you are willing to forgive his behaviour towards you
What he did to me was inexcusable
He’s a v v lucky bloke ..especially after shafting me
If he leaves the board I’m not averse to buying some shares here" |
Richard Owen is not an exec director and I really do think profits can grow significantly from here....they just got excited and ahead of themselves after Covid but to be fair the revenues are three times more now than before the pandemic. |
How is that relevant CT?
It actually seems like you are the one with an issue with Owen and not nico115! |
What did you expect with Richard Owen on the board tiswas.
He is not a good friend of nico115 unless they made up that is.
To dependent on only a few big clients. |
No disrespect David but like many others I have listened to numerous presentations from the management. They did the rounds last time and got the share price over 100p but look where we are now.
They tell a great story but undid a lot of the godwill with that crazy first half and now have to start delivering on the huge potential they claim exists out there.
I would actually go as far as to say they want to stop selling the story to investors until they can deliver earnings growth and proper forecasts that they are prepared to hang their hat on. |
tiswas...Well the good news is that they are coming to meet investors at the Mello anniversary show in Derby later this month so a good opportunity to ask all these questions. |
Sadly, I think it confirms that no newsflow, no forecasts and a botched first half does not make a good investment no matter how many awards are won.
It is run like a private company rather than a listed one and if that is the case why pay all the listing costs? Needs to be sold or taken private imo. |
tiswas....I was thinking exactly the same which surprises me as the share price has fallen 20% in the last two months on no news. The company has net cash and no debt so if fears have been allayed regarding AIM shares in the Budget then money should flow back in. .Results must be due soon so that should help attract attention |
Some big moves in my pf following budget today including most of my recent top-ups.
But no sign of life in AEO! |
Anyone old enough to remember when this was an exciting share full of potential? 🤣
On a more serious note do any of the larger shareholders have any thoughts to share about AEO?
Paul Scott on Stockopedia always mentions that he knows most of the holders whenever he does a review.
Does anyone share my view that this needs the financial discipline of being part of a larger group? I know that it is a people business and people can walk. But it must be worth a lot more than the current share price to a larger events/marketing group such as Stagwell. |
Not exactly falling over myself to buy the stock on the back of that. |
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