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 Shares Traded Last Trade
  +0.00p +0.00% 25.95p 0 05:30:32
Bid Price Offer Price High Price Low Price Open Price
26.75p 27.05p - - -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 1,594.30 34.20 11.00 2.4 64.1

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Date Time Title Posts
16/8/201821:22Connect: New name, refocused strategy1,217

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Connect (CNCT) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2018-08-16 15:35:0925.9517,9314,653.09UT
2018-08-16 15:27:0227.002,555689.85AT
2018-08-16 15:25:0727.004,7921,293.84AT
2018-08-16 15:24:5326.901,500403.50AT
2018-08-16 15:15:4127.252,825769.81AT
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Connect (CNCT) Top Chat Posts

DateSubject
16/8/2018
09:20
Connect Daily Update: Connect Group is listed in the Media sector of the London Stock Exchange with ticker CNCT. The last closing price for Connect was 25.95p.
Connect Group has a 4 week average price of 25.95p and a 12 week average price of 17p.
The 1 year high share price is 119.80p while the 1 year low share price is currently 17p.
There are currently 247,159,565 shares in issue and the average daily traded volume is 209,447 shares. The market capitalisation of Connect Group is £64,137,907.12.
16/8/2018
15:45
cs44: I hope that I'm wrong but the market, via the share price, is suggesting that this company is heading for administration. I see that Aberforth has been adding and now own a fair chunk, perhaps they can see value here. Any thoughts?
18/6/2018
22:32
buffettjnr: Does it make sense for DX to take a look at CNCT? Not sure if DX could afford it. Share price action looks interesting.
07/6/2018
12:56
aleman: The question is why CNCT is not being taken out by a competitor. Keep the cash cow newpapers and magazines. Close PmP to eliminate losses and competition. Rationalise Tuffnels. There ought to be loads to be made at the current share price for the right bidder. Maybe they're just waiting for the shares to stop falling so they can get the lowest price. £45m-50m EBITDA plus synergies for £130m plus bid premium. Should be queueing up to bid.
07/6/2018
10:17
cc2014: They've got alot of debt which the market is saying they need to reduce. Whether you agree with that position is up to you. I see it this way. If they carry on as they are they will have to cut the dividend partially (maybe by up to a third). Not too worrying given the share price and the yield. However, if they lose the Smiths delivery contract when it is next up for renewal (a la KFC - we know they are the best at this but if their price isn't good it won't matter) the company cannot pay the debt back as their EBITDA will collapse. Flogging every asset they have won't bridge the gap. So, one the one hand, great returns, on the other it's worthless. Too many eggs in one basket so to speak. The market is telling the management to cut the dividend and pay off the debt. The management aren't listening. IMHO GLA
06/5/2018
11:50
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.
30/4/2018
12:43
kenmitch: True, and a cut is likely. Guessing about 50% cut. Share price reaction to that depends on results news and especially the outlook. If results OK and Outlook more promising the share price could well go up even with a halving of the dividend. But better still would be good results, good prospects and a maintained dividend. Share would rocket (16% dividend!)if that happened. Tomorrow is going to be very interesting. EDIT. Missed out worst case! Poor results, bleak outlook and dividend cut or even cancelled. Will be cutting a loss if that happens!
07/3/2018
22:01
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.
26/2/2018
11:43
cc2014: I am rather surprised to see this one slipping back as I missed the boat at 60 as at the time there were bargains everywhere. I still can't quite figure out why the share price is so low unless there is real risk they will lose some of the contracts due to expire in 2019 and be left with a big hole to fill. This stock is on my "really don't know what to do with list". At the moment I'm looking for safe secure stocks with a dividend stream so this doesn't fit the bill but the share price does look attractive
06/2/2018
10:44
smithless: It would be insane for the management to continue to pay a dividend if the share price remains at these levels. Better to pay down expensive debt. Have been tempted to buy these, cos from a free cash flow basis, the share price is too low. Would like more info on why the book biz didn't go through, as its rattle confidence further IMHO
30/1/2018
10:23
speedsgh: Connect still a ‘buy’ despite profit warning, say Shore Capital - HTTP://citywire.co.uk/money/the-expert-view-lloyds-connect-and-renishaw/a1087527#i=3 Investors in parcel delivery business Connect Group (CNCT) have been hit by a profit warning after a long list of failures but Shore Capital still believes the share price is justified. Analyst Martin Brown reiterated his ‘buy’ recommendation on the shares, which were trading at 74.5p yesterday, down 29% after last week’s warning. He said the recent profit warning and ‘stumbling block’ in the sale of Connect Books were ‘yet another blow to investors’. Connect had been due to sell its books division to Aurelius, but announced last week the German investors had pulled out of the deal. ‘We recently commented that while we agreed with the new strategy of focusing on early distribution and mixed freight, the long list of strategic failures over the years meant we believed investors should wait to see some delivery first,’ he said. ‘A cut to profit before tax guidance was not the delivery we or investors were looking for. Connect’s diversification strategy has now failed to deliver on all fronts.’ However, he added that ‘in terms of the share price, the reality is that the current price can be justified by the core news and media business alone’.
Connect share price data is direct from the London Stock Exchange
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