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
  -0.20 -1.03% 19.25 66,986 16:35:27
Bid Price Offer Price High Price Low Price Open Price
19.10 19.35 19.65 18.70 19.45
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 1,534.30 -35.50 -15.50 48
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:27 UT 122 19.25 GBX

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Date Time Title Posts
08/4/202018:24Connect: New name, refocused strategy1,590

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Connect (CNCT) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-04-08 15:35:2719.2512223.49UT
2020-04-08 15:28:5819.2020.38AT
2020-04-08 15:26:3219.3512624.38AT
2020-04-08 15:26:3219.352,140414.09AT
2020-04-08 15:26:0619.20173.26AT
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Connect (CNCT) Top Chat Posts

Connect Daily Update: Connect Group Plc is listed in the Media sector of the London Stock Exchange with ticker CNCT. The last closing price for Connect was 19.45p.
Connect Group Plc has a 4 week average price of 13.25p and a 12 week average price of 13.25p.
The 1 year high share price is 40p while the 1 year low share price is currently 13.25p.
There are currently 247,159,565 shares in issue and the average daily traded volume is 271,290 shares. The market capitalisation of Connect Group Plc is £47,578,216.26.
fenners66: Amazon hiring 100,000 and giving US workers $2 an hour raise. Connect share price tanks to an all time low as no one trusts the management to make money here despite the perfect storm creating ideal conditions for deliveries.....
edmundshaw: A profit? Mr. Optimistic!! :-)) Just somewhere near breakeven Would see EPS rocket (and hopefully the share price).
profdoc: It's good to see Smiths News securing such a high proportion of its future income. If Tuffnells is turned around I'll be pleased, but it's not essential for the investment case here at this low share price.
this_is_me: Back into the trading range that it has been in since February, so the share price action could have been worse.
this_is_me: It is not going bust so it is now looking like a good investment at the current share price, with a prospective dividend of around 2.5%.
edmundshaw: A negative take from someone who has sold out at a loss is not very unusual, and understandable. But I don't think the negatives are anything new or surprising. From a more balanced point of view, I think that update is pretty much in line with expectations, and shows a businesslike approach. A 1p = 3% dividend is probably a good compromise at the current price to try to support the share price at some level around 30-45p while reinvestment in the business is underway, but is not really the main focus for the business right now. Given the cash cow of the news business, if management can restore the Tuffnells business this has prospects, though I admit to being disappointed by the sale and leaseback, which represents a permanent new cost to the business. Of course whether Mr Market decides to punish CNCT for past news, or is disappointed in the speed of progress in the short term, we shall have to see.
speedsgh: Brief write up by Graham Neary in today's SCVR following today's results... HTTP:// "My view: I would be more excited about Connect if it was going to sell or shut down Tuffnells. In that case, I think I could make an argument that this offered better-than-average chances at the current share price. Instead it is going to attempt what looks like a very difficult and distracting recovery. Therefore, after taking the debt load into account, this look priced about right to me."
wacker101: The share price fell to 26p in mid August which is exactly a 50% drop from the 52p in June when the 2nd profit warning was announced. Probably well oversold now. Also, current buyers of the stock are probably being attracted to the dividend going forward. Despite a huge cut it may still be 2p to 3p per year. The share price is getting to a fairer price but it will be interesting what happens around 39p which is 50% retracement from the lows.
kenmitch: Chickenvindaloo. A very helpful post. Thanks. I've just looked at your earlier posts about Tuffnells and the results show how right you were. And you even feared the share price falling to around 50p as a result. Wish I had seen/taken more notice of your earlier posts. I still hold Connect but am pondering selling out. Their turnaround plans sounded woolly so presumably unless they sell the business things are going to get worse rather than better, as Management sound incompetent. A real shame for people like you who work there and presumably a danger of job losses too if things don’t improve. For shareholders (we’re lucky as unlike for you the only worry for us is the share price) the question is whether the bad news is priced in now. The PE is very low and they’ve held the interim dividend. Even if they were to halve the final the yield would still be very high. Do please post again, especially if any hint of things getting any worse, or (sounds unlikely) better.
aleman: Off the top of my head: Private equity via cash shell carrying losses. Operating cashflow preworking cap £60m. Close PMP makes £65m. 1/3rd premium bid to current price, funded by £200m debt to buy CNCT plus existing debt = £280m. Interest £20m. Tax £0. Capex/depn £9m. Free cashflow £36m to pay down debt or make aquisitions. Might be feasable. Somebody with £280m cash and tax losses would save £20 interest and get £56m free cashflow. With £280m cash but no tax losses, they'd pay £8-9m tax, so £47m free cashflow. Tempting all ways around, even allowing for some attrition of newspapers and magazines. The shares ought to be rather higher. The discount suggests the market does not have great faith in the boards ability to utilise cashflow wisely. Perhaps shareholders should insist it is all paid out to them and forget expanding the business. £65m -£5m interest -£9m tax -£9m capex, leaves £42m for dividends. We get current share price back in nearly 4 years - a bit longer with dividend tax - and what's left over is value in the business not reflected in the current share price.
Connect share price data is direct from the London Stock Exchange
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