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
  +0.00p +0.00% 107.75p 105.75p 106.00p - - - 0 06:30:08
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 1,906.5 41.9 13.7 7.9 266.31

Connect Share Discussion Threads

Showing 551 to 575 of 575 messages
Chat Pages: 23  22  21  20  19  18  17  16  15  14  13  12  Older
DateSubjectAuthorDiscuss
24/7/2017
09:16
Peel Hunt Add 106.00 135.00 135.00 Reiterates
skinny
24/7/2017
08:35
I bought late Friday, I think the low has been reached and there seems to be good buying this morning
morgank
24/7/2017
08:21
Well for better or worse I have got some more this morning , no skeletons released from the cupboard , this time....
fenners66
24/7/2017
08:11
finnCap Buy 105.50 187.00 187.00 Reiterates
skinny
24/7/2017
07:47
"There has been no change in the underlying financial condition of the Group since the interim financial results announcement on 25 April 2017."
skinny
24/7/2017
07:47
Considering recent price falls to a silly rating, and with these results are pretty much in line with expectations, this update should surely reassure Mr Market (assuming our seller has finished). I am hopeful of some bounce. With no reason to see a change in dividend policy, surely a 9% yield is too much. If the dividend remains and the yield is too high there, is only one way to correct the yield - a price rise.
edmundshaw
24/7/2017
07:46
The link :- Trading Update Connect Group PLC is today issuing its Trading Update covering the 45 week period to 15 July 2017. Overall performance continues to be in line with expectations with a stronger second half from News & Media offsetting softer trading in Parcel Freight. Total Group revenue for continuing operations of £1,497.5m (2016: £1,517.6m) has decreased by 1.3% year to date, a consequence of the anticipated decline of newspaper and magazine sales, offsetting revenue growth in our other markets. The sale of the Group's Education & Care division to RM plc completed on 30 June 2017, for a cash consideration of £56.5m, delivering an Internal Rate of Return of 10% over the lifetime of our ownership. The disposal is a milestone in the Group's strategy to focus future investment on core operations, facilitating the transition to becoming an integrated specialist distribution business. The Group has also maintained progress with key initiatives in its core markets: News & Media Sales in Smiths News remain in line with our strategic forecast; total revenue of £1,125.8m (2016: £1,173.7m) decreased by 4.1% with newspapers continuing to perform more strongly than magazines. Media total revenue of £24.7m (2016: £23.2m) has increased by 6.1%. Planned efficiencies of £5m in the year will be fully delivered, and a robust operational performance with ongoing cost control, is contributing to a strong second half. The new regional hub at Hemel Hempstead is operational and making good progress. Parcel Freight Total revenue of £157.3m (2016: £151.3m) has increased by 4.0% driven largely by price increases. Despite a successful spring peak for consignment volumes, market competition is limiting revenue growth, and the efficiency benefits from our investments in the business are coming through more slowly than anticipated. As a consequence, overall performance has followed the same trend as the first half of the year. Pass My Parcel Pass My Parcel's volume run rate has continued to increase, driven by a combination of core growth, new client partnerships and the development of additional services. Total parcels handled in June 2017 averaged 23,400 per week, up 149% on the same period last year. Customer service and operational performance has remained strong throughout. Good progress is being made in leveraging the Group's capabilities in B2B final mile and early-morning delivery, attracting a growing client pipeline with a range of service propositions. We expect our contract with UK Mail to handle returns and failed household deliveries to commence in 2018, following the implementation of supporting IT. Books Total revenue of £189.7m (2016: £169.4m) has increased 12.0% with continued strong sales in UK Wholesale and Wordery, offset by weaker sales in Libraries. The recent announcement of the Joint National Consortia framework agreement saw Dawson Books re-listed as a leading supplier, a strong result reflecting the quality of our offer; the framework agreement takes effect from 1 August 2017 for a minimum of two years. The first phase of new automated packing technology is now installed at the Norwich hub and contributing to efficiency savings that will help to mitigate future increases in the National Living Wage. Integration The Group's strategy for integration is focused on the delivery of cost synergies between News & Media and Parcel Freight, group overhead and structure, as well as providing a broader customer proposition leveraging the combined strengths of our two specialist distribution networks, creating additional growth opportunities. We will update the market on progress at the preliminary results. There has been no change in the underlying financial condition of the Group since the interim financial results announcement on 25 April 2017. The Group will announce its preliminary results for the full year ending 31 August on 26 October 2017.
skinny
24/7/2017
07:34
What was the market expecting, a 1.3% decline in overall group revenue doesn't sound great but company say this is in line with expectations ? Probably fall this morning but who knows, I gave up trying to gauge market reactions years ago. wllm
wllmherk
24/7/2017
07:21
https://otp.tools.investis.com/clients/uk/smiths_news/rns/regulatory-story.aspx?cid=786&newsid=893955Steady as she goes, no major shock
morgank
23/7/2017
19:35
I'm in and ready
morgank
21/7/2017
14:56
Last pre-update orders please! Form an orderly queue...
edmundshaw
20/7/2017
10:18
Shore Capital raises CNCT to BUY from HOLD today
morgank
19/7/2017
13:15
Lets see what the 24th brings..
skinny
19/7/2017
12:33
Looks to be recovering from a big dumping of shares at 100p last week
danieldruff2
14/7/2017
21:22
Kenny that is understandable. If there is a good update and a big markeup on open you will miss much of the initial upside, but still get decent value - and being a small company, you might get an early chance to get in cheap. If risk avoidance is the most important thing for you go for it.
edmundshaw
14/7/2017
18:01
Thanks Aleman for taking the trouble. The position may not be as bad as my initial review suggested. However, I think it prudent to await the 24 July statement and review in light of what comes out.
kenny
14/7/2017
17:31
It gets a bit tricky without going into minute detail but 6% of interim operating profit (£1.7m) goes with the disposal. So free cashflow will be knocked back a bit but the items I mentioned won't repeat and the majority will still pass through. Another way of looking at it is CNCT made £50m free cashflow last year after flattering £2m with working capital changes. The previous year it made £40m free cashflow after an £8m loss to working capital. So underlying freecashflow is maybe £48m. Education made £9m of EBITDA. Add in tax and interest and capex and how much cashflow has been lost - £6m? £5m? 10% or so of free cashflow lost roughly? Doesn't that still leave underlying freecashflow running at comfortably over £40m for a £23m dividend. I grant there is slow attrition to come on that but it still looks comfortable. (I'm not sure but, with the Smiths pension being in surplus, there might be a slight gain in pension contribution with the disposal, as well?)
aleman
14/7/2017
16:09
What about the £4m of annual profits that disappear with the division that has been sold?
kenny
14/7/2017
14:16
Kenny - in future, capex won't run above depreciation by £5m, , there'sll be £1m less interest and there won't be £4m soaked up by workign capital each half. That's an extra £10m for the half year. Over a full-year that nearly covers the dividend on its own.
aleman
14/7/2017
13:13
Well the argument would be that management have been increasing the dividend payout including at the last set of interims where the dividend was uncovered by free cash flow (although it was by earnings.) They are unlikely to have done this unless they felt the new level was sustainable and one set of six month figures isn't enough to show otherwise. Things could of course changed significantly for the worse since 25th April and the dividend may need to be cut in the future, but taking results from a 6-month period where the management chose to increase the dividend payout as your primary evidence for unsustainability would seem to be a weak argument to me.
dangersimpson2
14/7/2017
12:38
Could someone please explain to me how the current dividends are maintainable in the context of the following figures: Free Cash Flow- latest interims annualised - £16.4m Annual dividends - £22.7m In the interims to 28.02.17 they increased borrowings by £16m, only £9.4m of which was used to buy fixed assets and intangibles.
kenny
14/7/2017
10:38
Yes, kazoom. One should never seek rationality or logic in the stock market. All will be revealed on 24th I dare say. Then we'll see if I was talking tosh or not.
lord gnome
14/7/2017
08:24
"I seek a rational explanation" - ye see that's where you went wrong.
kazoom
13/7/2017
17:50
kazoom - utter tosh? Maybe, but I seek a rational explanation for recent price action when perhaps there isn't one. I shall await news on 24th like everyone else. I just hope that it will be safe to back in the water.
lord gnome
13/7/2017
17:32
Got my latest buy just right at 91.375p; gloat, gloat. It's a pity that I'm still well underwater with hopeless timing on previous purchases. CNCT is one of my favourite income stocks. Good visibility on future earning due to long term contracts. The dividend is well covered dispute the H1 drop in profits. Overall a conservatively managed company that has delivered consistently over many years.
grahamg8
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