Everyman Media Share Discussion Threads

[qs99] 18/4/2024 13:20

Indeed, meaningful purchase to be fair. DYOR

[everton448] 18/4/2024 10:27

Another 50,000 for Blue Coast

[tomps2] 17/4/2024 10:37

Everyman Media Group (EMAN) FY23 Results Overview - April 2024

Everyman Media Group CEO, Alex Scrimgeour provides an overview of the group’s performance for the year, outlining their operational and financial performance, as well as their expansion strategy, future outlook, and the performance of the overall UK Film market.

Watch the video here:

Or listen to the podcast here:

[everton448] 17/4/2024 08:42

I agree - although at this rate by the time they can exercise them they will be lucky if the options aren't underwater!

[qs99] 17/4/2024 08:02

While I think management are doing well here, I think awarding 10p options and not making the targets public is v. v. poor.

Why not make the options at today's share price?

Smells of snouts in trough IMO....

[qs99] 16/4/2024 11:40

Good morning

Not sure I agree with you, last year there were organic improvements/refurbs, new openings AND M&A, I don't see their messaging as being that outside of keeping portfolio up to date, that there will be material capital spend, more that there should be a material de-leveraging.

Maybe a broker note would help on this, anyone?!

DYOR

[wjccghcc] 16/4/2024 10:51

Net debt won't be lower as they're doing 3 new openings. However that's pretty much covered by cashflow so the expansion is self financing. Agree re value being too low. I've added.

[qs99] 16/4/2024 10:35

EV/EBITDA historic ratio c.4.5 and so this should, with de-leveraging plans this year, fall materially IMO as net debt at c.£19m is reduced.

If market won't value it correctly, a private equity firm will....DYOR

[qs99] 16/4/2024 08:05

IMO what a cracking set of results, showing a nice bounce back after the writers strike....great organic growth, focus on de-leveraging, so IMO by end of this fiscal, net debt should be very materially lower, flipping value into equity which will start to show this looking v. cheap (which I think it looks now anyway to be clear!) all IMO....DYOR....

views?

Cheers
QS99

[tomps2] 09/4/2024 14:13

Everyman Media Group (EMAN) Full Year results webinar

Tuesday, 16 April, 11:30am

Everyman Media Group Chief Executive Officer, Alex Scrimgeour, and Finance Director, Will Worsdell will host an online investor presentation of their Full Year results for the period ended 28 December 2023, followed by Q&A.

Register here: bit.ly/EMAN_FY23_results_webinar

[everton448] 20/3/2024 10:55

Someone put this company out of its publicly quoted misery please....

[qs99] 12/3/2024 11:04

Early April results last year, so probably a month or so to wait for next news flow IMO....DYOR

[everton448] 06/3/2024 07:42

Ok - thank you. Will be interesting to see how it plays out

[quepassa] 06/3/2024 07:27

Para 4 of 436 refers.

voting percentages.

you don't need everyone on board - you need enough on board

[everton448] 05/3/2024 20:04

I understand the good point you make about the incentivisation of management and board members to acquiesce in a PE takeover. What I don't understand is why other major holders, who would not be similarly incentivised, would be bought out at a discount to fair value

[qs99] 05/3/2024 16:25

Probably 5-6 weeks before 23 FY results are out, so maybe a drift until then as directors are in a close period no? DYOR

Just looks an odd/"wrong" price IMO....DYOR and let's see what the FY update brings.

[quepassa] 05/3/2024 15:12

see para's 2 & 3 of 436

[everton448] 05/3/2024 13:50

I think you're right. But why would the other large holders cooperate - that is the bit I do not understand

[quepassa] 05/3/2024 13:47

not PI's moving the stock but PE's.

436 refers

Standard modus operandi in my opinion.

all imo. dyor.
qp

[qs99] 05/3/2024 12:50

Such small volumes though so PIs moving this down as no buyers.

need their IR team on the case!

DYOR

[everton448] 05/3/2024 09:29

Back to the 50s by the look of things. I wonder whether this will ever recover...

[qs99] 01/2/2024 11:48

may see back of 70p today IMO

Doesn't look to be a lot of stock around IMO, DYOR....market finally seeing this for what it is! DYOR

[quepassa] 01/2/2024 11:26

I am with Boozey on the entirety of what he writes in post 434. PE don't pay big premiums in my humble experience.

They usually try and get management on board to enable them to make a low-ball recommended offer by promising to take management across.

And you will never find out what their remuneration/incentivisation packages may or may not be under a new PE owner......

It is interesting to do the shareholder math and add together the shareholdings of certain parties.

ALL IMO. DYOR.
QP

[boozey] 01/2/2024 10:49

It is PE so unless a third party bidder comes on board to bid I would not expect a major premium, should indeed an offer be forthcoming.