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CHS Chrysalis

159.75
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Chrysalis Investors - CHS

Chrysalis Investors - CHS

Share Name Share Symbol Market Stock Type
Chrysalis CHS London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 159.75 00:00:00
Open Price Low Price High Price Close Price Previous Close
159.75
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Top Investor Posts

Top Posts
Posted at 01/11/2006 08:53 by kuchi
Chrysalis warns of further revenue plunge at Radio unit UPDATE
(Adds details)
LONDON (AFX) - Chrysalis Group, owner of Heart and LBC radio stations,
warned that there had been no improvement in the UK ad market since the end of
August.
Releasing slightly weaker-than-expected full-year results Chrysalis said
there had been "no sign of recovery" in the broadcast advertising market coming
into the autumn after a "challenging" summer.
Consequently, revenues at its Radio business plunged 12 pct in September and
October, although Chrysalis said it remained confident that it could deliver a
"flat" performance at the division over the course of the current fiscal year.
Like a raft of other British media companies, Chrysalis has been hard hit by
a year-long slump in the UK ad market, which has had a particularly marked
impact on radio companies.
But even given the well-publicised weakness in the overall market, the 12
pct plunge in September and October will come as a shock to investors, as its
Heart station re-gained its position as London's leading commercial station in
the third quarter, according to recent figures from industry body Rajar.
Chrysalis, which also owns a music publishing and record arm, reported a
slide in revenues for the 12 months to the end of August of 131.9 mln stg, down
from 133.6 mln last year.
Earnings before interest, taxation and amortisation rose to 10.8 mln stg, up
from 6.6 mln last time around, while normalised pretax profits improved to 5.8
mln stg.
A consensus forecast supplied by the company called for turnover of 136.8
mln stg, EBITA of 10.7 mln and normalised pretax earnings of 5.3 mln.

simon.duke@afxnews.com
sd/sd/ro
Posted at 22/11/2004 16:12 by lbo
Yesterdays Sunday Telegraph!

Chrysalis

Last December, we tipped Chrysalis (175p) , the radio and music publishing company, as a buy at 218p. Clearly, the shares have not performed as well as we expected and last week the company, led by Chris Wright, the chairman, issued a profits warning on the basis that a softening in demand for radio adverts would mean that revenues would be "at best, flat for the quarter". The news was particularly striking because the company's management had earlier predicted revenue growth of just under 10 per cent for the quarter covering September through to November.

The question now for investors is whether they should hold or sell the shares. We think they should be patient. Although the outlook for radio is uncertain, this is fully reflected in the share price after the recent fall. Meanwhile, the outlook for company's other businesses, such as music publishing, looks encouraging. There is also the prospect of a merger with Scottish Media Group, which owns Virgin Radio, or a takeover by Guardian Media Group. The shares are likely to rebound, and now is not the time to sell.
Posted at 21/8/2002 11:56 by fastbuck
This share has always been more hot air than substance. Now sitting at almost £300m in value I'm looking for the value gap to start closing.

This is the sort of thing that happens at the time of recessions, people start examining their portfolios a bit closer than before and ask themselves, 'why do I own this company?' I'm doing exactly the same from the other direction along with a number of respected investors & shorters 'is this share set for a fall?'

Looking at the last set of interim results if you see beyond the self congratulations they made a lousy £1m profit before tax, exceptional items & minority interests or if you like 0.58p EPS.

IMO there is also no reason to be bullish for the future, advertising is in a slump to 2004 according to WPP; music profits are on the slid with CD sales slipping; TV profits are no less reliable which leaves us with books. A P/E of I don't know what for books, radio stations whilst in ad revenue is in recession and a bit player in music & TV ... and books!!!

IMO either the profit needs to rise to £25m pa before tax or this share will be much nearer to 100p than it is today.

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