Share Name Share Symbol Market Type Share ISIN Share Description
Connect Group LSE:CNCT London Ordinary Share GB00B17WCR61 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -3.50p -5.51% 60.00p 59.10p 60.00p 63.70p 59.00p 63.70p 292,672 16:35:05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 1,594.3 34.2 11.0 5.5 148.30

Connect Share Discussion Threads

Showing 951 to 974 of 975 messages
Chat Pages: 39  38  37  36  35  34  33  32  31  30  29  28  Older
DateSubjectAuthorDiscuss
12/4/2018
10:17
20-day and 50-day averages turning up. Such a pattern often leads to the share price jumping back to the 200-day average.
aleman
09/4/2018
09:24
TRADING UPDATE (22 JAN 2018) Connect Group PLC is today issuing its Trading Update covering the 19 week period to 13 January 2018. Overview Total Group revenue for continuing operations of GBP564.5m (FY2017: GBP584.9m) has decreased by 3.5% year to date, with the anticipated decline of newspaper and magazine sales more than offsetting revenue growth in Mixed Freight and Pass My Parcel (PMP). While overall revenue performance has been in line with our expectations, a combination of delays to contracts in PMP, weaker margins and market uncertainty in Mixed Freight, and slower than anticipated realisation of cost reductions from the Group's integration strategy in order to preserve current service levels, mean that we now expect full year adjusted profit before tax for the continuing operations to be in the range of GBP42m to GBP45m, with current dividend expectations underpinned by a continued good cash performance.
rcturner2
04/4/2018
10:07
Agree LG. The question is one of strategy. The problem is the current management are not proving successful in achieving profit with their diversification strategy which is being subsidised by the still-profitable legacy news distribution business. So, what to do? Either bring in new management that will make a better fist of the diversification strategy, or concentrate on running the declining core news distribution business whilst returning earnings/capital to shareholders until the business is eventully wound up.
speedsgh
03/4/2018
18:27
Buying the bit of news distribution that it doesn't own would make a lot of sense for Connect, but I just doubt that they would be allowed to do it. News distribution is a dying business, long term, so it would not solve the problem of where they go next to invest the cash flow. They would still need a growth opportunity. If they have screwed up Tuffnalls as has been indicated on here, then everything they have tried so far has turned to dust.
lord gnome
03/4/2018
18:13
Maybe CNCT should revisit its diversification strategy, sell off/pull out of Click & Collect/Mixed Freight, acquire Menzies newspaper business, concentrate on what it knows best & operate the news distribution business in run-off gradually returning earnings to shareholders. But probably too many 'interested parties' within the business protecting their own personal interests for such a shareholder-friendly approach to be adopted.
speedsgh
03/4/2018
18:02
There is some truth in that, however it is a business that is understood by connect and would continue to be a profitable revenue stream. The beauty though is that there are few other companies that could take over the Menzies business hence i can't see cnct having to pay a full price. There don't have to be synergies - they know and can run the business and it is profitable.
scobak
03/4/2018
14:20
My understanding is that Menzies and Connect Group dont have much overlap in the regions they cater to. From that perspective, not sure if an acquisition makes sense in terms of realizing cost synergies....
fahads
31/3/2018
11:27
Menzies wants to divest the newspaper business to concentrate on aviation. However, I don't know if a merger with Connect would be allowed due to a potential monopoly situation. Would be interested to hear from anyone who has more knowledge in the matter.
riverman77
30/3/2018
19:28
How much would Menzies NDB sell for, would CNCT need to raise funds to buy ? wllm
wllmherk
30/3/2018
12:22
Looks like Menzies is talking about getting rid of its newspaper distribution business. Regulatory hurdles would likely prevent CNCT being able to take over more than a fraction of the business ( menzies and connect are the main UK magazine and paper distributer ) but newspapers are the core business and competency here.
scobak
29/3/2018
17:34
Yes it could easily just close down the loss making pass my parcel division if it doesn't work out. The core newspaper division seems to be doing ok, and given that few companies would have the logistical infrastructure to run this sort of operation they must have a degree of pricing power which could offset some of the long-term decline.
riverman77
29/3/2018
17:09
Could it dump pass my parcel ? how much would it cost to jettison I wonder ? Or is it worth something ?
gfrae
29/3/2018
16:49
Shares are in an eternal popularity contest and this one served up a bucket of sick in the last update which has put it in the doghouse. I still think if pass my parcel is a success, this could do 150p. But as I think it won't succeed, maybe 100p if confidence returns.
danieldruff2
29/3/2018
16:33
Gorm. I think the share price is suggesting it is very cheap. Margins are not thin. Free cash flow £35m. Debt reduced last year by £80m and it has a pension fund surplus of £150m !
gfrae
29/3/2018
15:28
Tuffnells should have had a huge positive impact on CNCT with its consistent pre acquisition ebitda, just shows how people make things happen
ls24
29/3/2018
15:07
The margins are wafer thin; it has negative net current assets; management seems incapable of turning the business around; throw in debt and pension issues. If the management even thinks about paying a dividend they should be shot. It's got many of the components Conviviality had. No wonder the share price is sinking
smithless
29/3/2018
15:05
The share price is suggesting that something is very wrong with this company. The board of directors have a duty to inform the market if trading is markedly different from what is expected. I anticipate an announcement soonest.
cs44
29/3/2018
08:45
A cunning plan indeed Colonel A, but with some potential pitfalls when to try to apply a model that involves sending your vans out on exactly the same route every morning to a business that has unique routes everyday depending customers. Hence why I was wondering what has changed so far and what it is that doesn't seem to be working.
kazoom
29/3/2018
08:38
Seen plenty of Tuffnells vans near me recently - gosh they do need a good clean. Both the logo and putrid green colour of the vans could also do with an update as they look very tired, surprised nobody has changed it.
danieldruff2
29/3/2018
08:19
wllmherk, yes I loaded up at 60p, I have held them in the past. We will see if this turns out well or not.
rcturner2
29/3/2018
08:12
Connect are trying to leverage the synergy between the different businesses. Economies of scale of you like. As a cunning plan it seems very plausible but so far ....
colonel a
28/3/2018
23:14
Yes valuable input CV, but I'm curious what has actually change since Connect has taken over?
kazoom
28/3/2018
21:34
Interesting to hear the inside perspective. This goes along with my view that they should just focus on the core newspaper business, which is actually chugging along quite nicely even if it is in a steady decline. All the problems are coming from the new areas - pass my parcel clearly having major teething problems too.
riverman77
28/3/2018
18:53
I don't have access to facts and figures but can only go by what I see daily. We (Tuffnells) seem to be down quite a lot last few months compared to equivalent periods in recent years. Senior managers are being seconded to depots 100s of miles away to try to sort problems. Lorries full of parcels sitting at depots with no one to drive them. It's hit and miss whether you get consignments into your depot on time to deliver them. Customers losing confidence? I know I am. We were told when we were taken over that Connect were knocking on the door of the FTSE250! It was going to be a new dawn. Well those of us that have been there years and have given it their all are wishing we'd never heard of Connect.
chickenvindaloo
Chat Pages: 39  38  37  36  35  34  33  32  31  30  29  28  Older
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