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CNCT Connect Group Plc

0.00 (0.0%)
08 Dec 2023 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Connect Group Plc LSE:CNCT London Ordinary Share GB00B17WCR61 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 25.60 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
25.70 25.80
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 25.60 GBX

Connect (CNCT) Latest News

Connect (CNCT) Discussions and Chat

Connect Forums and Chat

Date Time Title Posts
16/3/202220:35Connect: New name, refocused strategy1,747

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Posted at 10/12/2020 10:38 by micos
What's happening with this share? It has been flat-lining for over a month now. Is it terminal?
Posted at 10/11/2020 11:36 by cc2014
I'm not invested so I'm going from memory and would advise you to check my memory.

If my memory is correct the £10m loan has been repaid to CNCT and presumably Tuffnels borrowed the £10m from a lender providing the assets as security in order to get the loan.
Posted at 09/11/2020 20:34 by the pilgrim
Of course he was responsible. Mark Cashmore and Jon Bunting were the architects of the CNCT strategy that failed. The pair of them made all of the decisions at board level. Cashmore deferred to Buntings greater intellect and business brain. The predicament is his as much his as it is Cashmore’s
Posted at 09/11/2020 07:40 by lord gnome
LoL fenders. Trebles and share options all round.Come back two years from now by the sound of things.
Posted at 20/10/2020 12:46 by cc2014
And in the nicest possible way did any of the panel hold shares in CNCT?
Posted at 01/10/2020 08:46 by profdoc
If a company can make over £20m after tax then, even if the income declines by £1m per year, it is still worth a multiple of the current market capitalisation.

Even better is the record of income from Smiths News - it has remained much the same for many years (courtesy of cost savings off-setting revenue declines of 3-5% per year).
Here is the operating profit history of Connect News:

2012: £39m
2013: £40m
2014: £42.9m
2015: £41.4m
2016: £40m
2017: £40.4m
2018: £35.9m
2019 (includes DMD income this time): £43.6m
The figures exclude the impact of the Pass My Parcel blunder.
The are after allocation of share of central overhead.
But they are before deduction of finance expense which amounted to about £6m - £7m per or tax (say £8m). Interest expense in the future is likely to be much lower than in the past when debt was £120m or more through the year (depending on the part of the month).

To be conservative, despite the evidence of stable operating profit in this division, I'll assume that both revenue and profit after tax will decline 4% year on year from this point forward – there might be an sharper fall in newspaper/magazine consumption in future.

I'll also assume that the after-tax profit for SN is expected to be about £2.5m lower in the year to August 2020, i.e. £26.2m - £2.5m = £23.7m.

The calculation of the present value of the profit generated by SN, assuming a required rate of return of 8% on a business of this risk, is:

(£23.7m x (1 – 0.04)/(0.08 + 0.04) = £190m or 77p per share.

This compares well with the MCap of £55m.

If the managers continue to find cost savings to offset volume declines such that the annual profit after tax stays at £23.7m, the valuation estimate is:

£23.7m/0.08 = £296m or 120p per share, 5 times the current share price.

Given the strong barriers to entry in this duopolistic industry, power over both publishers and retailers and high cash generation I'll stick with this company for a good while yet.

Revenue growth would be nice but it is not necessary for valuation purposes.
Posted at 01/10/2020 06:50 by this_is_me
I was thinking of selling out yesterday since the share price drifted down in September. I'm glad that I didn't. A positive EBTA plus cash generation in the first quarter is an outstanding result.
Posted at 30/9/2020 19:43 by postme
#NCYT #BMN #MTR #SMS #PAY #PRTC #SLP #APP #CNCT Ten ‘magic formula’ stocks for investors looking for value and quality -
Posted at 15/7/2020 08:09 by this_is_me
It looks like the share price is finally on the way up.
Posted at 15/4/2020 15:13 by fenners66
I noticed the share price about 9.30 and then read the RNS.

Hence my thought that it must be good news - until I read it.

Then my question about whether the analysts had read it.

It seems some of them now have....

Share price down about 27% since then.
Connect share price data is direct from the London Stock Exchange

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