Everyman Media Share Discussion Threads

[tomps2] 09/4/2024 13:13

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.

[everton448] 01/2/2024 10:47

So I am guessing that Blue Coast are about to make an offer for them - but I cannot see how they get the big shareholders who bailed them out during COVID to accept maybe 80p per share? Or do you think something else is going on?

[quepassa] 01/2/2024 10:46

The question is how quickly parties can act upon the share price before sparks start flying

[qs99] 01/2/2024 10:32

Finally market woken up

[quepassa] 01/2/2024 10:03

You don't need to be a rocket scientist to work out what is going on here....

[qs99] 01/2/2024 09:43

Yes maybe he took them to help a seller, but that is some big "help"!

Not sure why you would take 70p. Specific industry writer strikes hit company, but metrics IMO look pretty solid, plus picking up cinemas out of insolvency should IMO be a cheap "win"...let's see..

DYOR

[boozey] 01/2/2024 08:51

Who was selling that volume of shares? Especially at 56p? More like a kind of MBO rather than bid possible. But let's see. If we get 70p I would take it!

[qs99] 01/2/2024 08:47

so has bought c.4-5% of business post the trading update, and near to 29.9%....will he push to get to that figure? DYOR

[qs99] 01/2/2024 08:24

So now near to 29.9% stake, that is a material purchase.....bid coming? DYOR

[everton448] 31/1/2024 09:37

Your post appeared to me a criticism of the company - as if they were using the term director purchase inappositely, when they were not in fact using that term at all. That seemed to me to be unfair. That’s all. And that apart, I agree with you that the future for Everyman looks highly uncertain. Although arguably balanced to the upside since Blue Coast could not vote on a takeover proposal made by them, and the shares are tightly held by other major shareholders and directors who in aggregate own over 60 per cent and who presumably would not allow PE to buy the business cheaply - although I understand cheaply here is a chameleon word which takes its colour from the reader’s own view of value