Ebiquity Share Discussion Threads

[russman] 30/9/2018 15:39

If EBQ do not close this deal by Dec. I will be displeased

[allonblack] 30/9/2018 14:48

65p post cma approval/a decent plan b being announced and a take out by the end of the year at 120p. Revenues under priced and there is a lazy board paying itself 1.5m with the same again in rent. Its a sitter now.

[p1nkfish] 29/9/2018 19:05

"S4 Capital plans further acquisitions in content, data analytics, media planning and digital media buying." Sorrells new vehicle, S4 Capital, would do us all a favour if it looked this way. EBQ is probably too small. They have bought MediaMonks and looking for other targets.

[allonblack] 29/9/2018 08:34

That sounds exactly right. I think the ceo will survive if cma approve disposal. He has bought some time through promising a better second half. But needs to put his prices up.

[p1nkfish] 29/9/2018 08:22

Could well be Aremis are becoming active and CEO threw CFO under bus to save his own skin and cfo then resigned. No mention of CFO having moved as a career progression, just resignation.

[p1nkfish] 29/9/2018 08:18

A post from July. Want to see track record of new cfo and him buy shares. Last CFO was internal promotion. "p1nkfish 27 Jul '18 - 10:19 - 115 of 137  Edit The CFO picked up options and stated he will hold them but his total holdings are patry. At this price he should be mortgaging the house if he believes there is a future here. A non-committal CFO is a bad sign. I hope Artemis go through this like a dose of salts. Replace with management Artemis can work with for a common goal of maximising shareholder value with shareholders and management aligned, on the same bus with a capable driver'

[p1nkfish] 28/9/2018 19:42

I hold a fair few. Currently acceptably below water, not life threatening. Question is - when? On paper there is value but how will they cause it to be realised in the sp?

[allonblack] 28/9/2018 15:54

Well hold on tight. Might be bumpy but this is going to roof it.

[jadeticl3] 28/9/2018 13:49

I paid 125p for my original shares in about 2000. Never looked good, but always there was hope, which never materialised!

[allonblack] 28/9/2018 10:29

Its going to be the Huntsworth of 2018. 120p and then on...

[spooky] 28/9/2018 10:13

86,000 at a 2p premium.

[allonblack] 28/9/2018 09:25

Sellers have disappeared. Not a share to be had. Post disposal normalised cashflow of 7m. Accenture will be conflicted in marketing consulting now and big market share up for easy grabs. Bullet loan sorted regardless. Given the sweet spot and growth of the core biz this stock is going to roof it. The worst is over.

[allonblack] 26/9/2018 14:06

Post results I think the shares are a steal here for the following reasons:1. Clear the CEO isnt pricing properly - 100pc client retention in the media biz and they boast about that?2. The disposal now clearly sht to everyone. 3. There should have been a rights issue to repay a slug of the bullet loan instead of panicking and doing the disposal. But that would have meant the CEO resigning.4. Blocking the deal will provide better cashflow and force cost savings/rights issue/ CEO stepping down - im assuming here Artemus/JO Hambro understand what the banks could do with the bullet loan (look back at GGP) and this should never have been a problem because there is growth and cashflow. Lets be clear though a key positive is the loan being extended to 2020. Equity guys might miss this but its a major bull point from here. 5. On 4x cash there is no downside because the core business is growing like a train. Another key positive from yesterday (despite no re pricing for ROI). Once the CMA rule this will be a bid target if they dont hire someone like the Future PLC cfo for the CEO role.The core biz will make this a great investment. Its a shame the CEO put himself before the company.

[allonblack] 25/9/2018 07:37

Such a shame its the CFO standing down and not the CEO. That would have put the shares through the roof. Good cash conversion and despite the clown at the top this business should be worth gbp70m for starters. Sadly it wont get there when potential buyers will be put off by a lack of trust in the CEO.

[p1nkfish] 19/9/2018 19:56

aob, it's either found a floor or a new ceiling for a while. It looks a little ominous at 40p.

[allonblack] 19/9/2018 09:43

Well the stock seems to have found a floor here. 2x cashflow before central costs of 6m. Results next week. How bad can they be?

[p1nkfish] 14/9/2018 19:57

It's small beer to the large holders compared to their total portfolio value and the upside to activism also probably doesn't inspire them to give management a kick imho. There's a lesson in this. Skin in game etc of large holders compared to their total portfolio values. Also, EBQ top brass might be very good at spinning a line to keep larger holders on side. Anyway it's ridiculous & frustrating.

[allonblack] 14/9/2018 19:12

It is most frustrating to see large investors take over sized positions for their investors in a business that could be dominant in its sphere (and that is all important these days) and let it be drained of cash by an analyst who cant run a company. Is it just me or is this bonkers?

[p1nkfish] 14/9/2018 17:43

Don't hold your breath. A sorry state of affairs indeed. No sign of major shareholder activism.

[jadeticl3] 14/9/2018 12:39

allonblack, I do not doubt that you are right, and I wish someone would do something sensible, but there is no sign that anybody is taking any notice. Directors continue to milk this dry, then retire with enough to see them through. We need some big investors to do something.

[allonblack] 24/8/2018 13:38

I have a sneaking suspicion that the CEO didnt watch his cash at bank when he spent 7m over two years on nothing at all and reduced his cash balance to 4m!! These are the actions of a corporate clown and he needs to go. Thats a self evident step one.For step 2 I would suggest the board put forward a plan to reduce costs by 3m over three years. Board salaries/payments could fall by 500k, interest could fall by 500-750k and a smaller lease agreement could add 500k. There is half of it right there. Admin cost saves could add more.Maybe when the board lose a third of their cash in proportion to the disposal they will understand the economics of the shareholder point of view. Dont argue its about growth when you are throwing away money with no ROIC. You might be clowns and Artemis might not do their homework but your smaller shareholders are all over it.

[allonblack] 24/8/2018 10:25

A key question for management is why sell a business, give up 3m pa in cash out of 10m (at best) firstly at sub 10x (especially given dominant position in market) and secondly when you cant get any central costs out so its actually a cost for shareholder eva to sell it?? Madness like I never seen. Our only hope is that an astute company out there spots the 6m of central costs here that arent needed and realises ex these the biz could be worth 10m cash pa.

[jadeticl3] 06/8/2018 09:15

This is either a great deal at these prices OR a no hoper! I am not buying more.

[trjones2] 05/8/2018 10:23

director buying rns then another report that he is selling