Connect Share Discussion Threads

[mitch74] 21/1/2019 11:31

Isn’t there an update tomorrow?

[plasybryn] 21/1/2019 11:02

Thanks Colonel A. Fingers crossed.

[colonel a] 21/1/2019 11:00

There was a trading update in January last year and below is from latest results.

They have indicated that they want to pay a dividend this year but nothing concrete.

"Full strategy for recovery and growth, including capital allocation, to be confirmed in January 2019".

[plasybryn] 21/1/2019 10:32

Could someone tell me what is the news on likely dividends going forward please?

[turbocharge] 11/1/2019 10:27

Something's brewing, up nearly 5% so far

[micos] 10/1/2019 15:44

Big buy today by FIL of Bermuda

[lord gnome] 08/1/2019 23:04

No, Turbo - see my post 1331 above.

[turbocharge] 08/1/2019 22:31

Thanks for your reply pilgrim.

Assuming Tuffnells is worthless, and the Present value of future cash flows for Smiths News and Dawson Media Direct is £188m and £30m respectively, this gives a total value of £218m, or 87p per share.

Do you think this simple and rough calculation makes sense?

[the pilgrim] 08/1/2019 22:04

Turbo
I had lunch with v senior Connect people.
Smiths News is doing well for 18/19, Tuffnells is not.

[turbocharge] 08/1/2019 09:36

Will be topping up if it drops down to around 40p...

[turbocharge] 08/1/2019 09:35

“In the light of the full year performance, the Board has decided not to recommend a final dividend. The full year dividend of 3.1p is therefore down 68.4% on last year (FY2017: 9.8p). I am mindful of the importance of the dividend to many of our shareholders but in the near term we believe there is merit in strengthening the balance sheet. With a return to stability, I am confident of our ability to meet the investment needs of the business, while also delivering an attractive yield for shareholders and a reduction in net debt.” (2018 Report)

[lord gnome] 08/1/2019 08:26

TurboCharge - your calculations seem to ignore the fact that Connect had £83 millions on net debt at the last financial year end. If we accept your EV calculations then the net share holder equity reduces accordingly i.e. just 53p per share.

[colonel a] 08/1/2019 08:19

And, latest ADFN news,

Purchase by Anthony Grace (Chief Financial Officer) of a total of 44,943 ordinary 5p shares, on 21 December 2018, for a market price of 36.50p.

Which although modest occurred immediately prior to the recent rally.

[turbocharge] 08/1/2019 00:36

6 Aug 2018: Denise Collis, NED, bought 33,982 shares at 29.25p
7 Nov 2018: Tony Grace, FD, bought 55,786 shares at 35.85p
14 Nov2018: Jos Opdeweegh, CEO, bought 535,935 shares at 37.3p

Tony Grace is a former CFO of Yodel Delivery – he has “extensive and relevant financial and business transformation experience”

[turbocharge] 08/1/2019 00:33

I gleaned some information from a newsletter as follows:

For a rough estimate of the overall Connect Group value assume Tuffnells has zero value for Present value of future cash flows, with Smiths News having a value of £188m, and Dawson Media Direct a value of £30m. This gives a total value of £218m, or 87p per share.

If Tuffnells were to become profitable, it might be worth around £100m, bringing the total to £300m, or £1.22 per share or more.

[turbocharge] 08/1/2019 00:18

Unless you can verify the 'good authority', your comment cannot be taken seriously

[the pilgrim] 07/1/2019 21:16

Heard on good authority that Tufnells will not be out of the red anytime soon, if ever.

[turbocharge] 04/1/2019 15:36

Managed to buy @ £0.409325, not a bad price

[turbocharge] 04/1/2019 15:33

I think I'm going to top up with 11,111 CNCT

[turbocharge] 03/1/2019 12:51

Moving slowly but steadily towards the intermediate-term signal target of 47-49...

#1318:
"Bottom Triangle - Bottom Wedge generated on 5 Nov 2018
Intermediate-Term Bullish
Volume 312,203
Close Price 37.35
Target Price 47.00 - 49.00
Pattern Duration 57 days
Inbound Trend Duration"

[wacker101] 31/12/2018 10:28

16/08 Closing low 25.95
12/09 Next high 38.70 (49% from low) (19)
11/10 Next low 30.55 (21% retracement) (21)
12/11 Next high 38.35 (48% from low) (22)
06/12 Next low 35.45 (8% retracement) (18)
31/12 Next high 44.50 (71% from low) (15)

Hay Ho!!!! A bit quicker than I thought