ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

HIBU Hibu

0.17
0.00 (0.00%)
02 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Hibu HIBU London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 0.17 01:00:00
Open Price Low Price High Price Close Price Previous Close
0.17
more quote information »

Hibu HIBU Dividends History

No dividends issued between 02 May 2014 and 02 May 2024

Top Dividend Posts

Top Posts
Posted at 16/3/2023 21:00 by themoocha
For all those that were invested in hibu watch this through your fingers

hxxps://youtu.be/bIYzq8izlYg
Posted at 18/10/2020 19:58 by bittertruth
What's this about bringing a class action against HIBU?
And what do you guys think of HSG? Is that yet another scam - controlled opposition - actually working for YELL/HIBU and preventing any possible justice for ex shareholders?
Posted at 24/9/2020 12:42 by aandi520
I would like to bring a class action against HIBU.
Whoever can send me details, please do. The more individuals we have, the better for us.
Send to aandi520@hotmail.com or mail me through this site.
Posted at 30/7/2020 20:28 by freddie ferret
The Covid-19 pandemic and related lockdown in the UK has had a material effect on the business of the Owl Group in the first quarter of the year ending 31 March 2021. It is still too early to reliably conclude on the likely longer-term effects. The Owl Group’s base planning scenario indicates that it is not expected to encounter any liquidity issues in either the current financial year or the year ending 31 March 2022. There are however credible downside scenarios, if the recovery of the business is slower than is expected, in which the Owl Group would be unable to make its interest payments on the senior secured notes as early as September 2021. The board of Owl Finance Limited has been advised by the board of Hibu Group that it does not consider that it would be in the interests of its shareholders to commit to providing financial support to the Owl Group. In this context the Owl Group has commenced discussion with both the board of Hibu Group and the largest bondholders regarding the long-term capital structure of the Owl Group, which may result in it ceasing to be part of the Consolidated Hibu Group.The directors of the Company have considered
Posted at 13/5/2019 02:49 by ziggyzigah
Does anyone know what has happened to the Hibu Shareholder's Group?
Their website seems to have disappeared from the Internet!
Posted at 22/1/2019 15:49 by freddie ferret
This will get you to the Hibu Shareholders Group (HSG).




themoocha
24 Nov '17 - 09:36 - 8582 of 8584
0 0 0
Hi qxluk123.

If it is anything regarding Hibu then please feel free to contact me on
info@hs-group.net
Posted at 22/1/2019 11:01 by aandi520
Hi, I had 600K shares in HIBU. They are still trading. Its about time we fought for our rights. I would like to explore how we can do this. Who is in?
Posted at 17/1/2019 19:35 by freddie ferret
Oh and while I am about it some of the avatars posting are the same, HIBU and DEB threads "comedy" for one.
Posted at 28/11/2013 16:19 by freddie ferret
This is an Broadcast thread as read only on FBB. I am clicking on option 2.

It will hopefully provide a full history of HIBU RNSs.

I have just spoken to Ray reguarding the antics trying to set up this thread.

I am ignoring price monitoring extensions.


Date Time Source Headline Symbol Company
28/11/2013 08:00 UKREG Official List Cancellation - Hibu PLC LSE:HIBU Hibu
27/11/2013 16:00 UKREG hibu plc Restructuring Update LSE:HIBU Hibu
06/11/2013 17:00 UKREG hibu plc Notice of General Meeting LSE:HIBU Hibu
29/10/2013 10:40 UKREG hibu plc Financial Update LSE:HIBU Hibu
23/10/2013 07:00 UKREG hibu plc Request for a general meeting of shareholders LSE:HIBU Hibu
17/10/2013 07:00 UKREG hibu plc Announcement of future Board changes LSE:HIBU Hibu
17/10/2013 07:00 UKREG hibu plc Restructuring Update LSE:HIBU Hibu
25/07/2013 08:01 UKREG Official List Suspension Hibu PLC (Replacement) LSE:HIBU Hibu
25/07/2013 07:30 UKREG Official List Suspension Hibu PLC LSE:HIBU Hibu
25/07/2013 07:01 UKREG hibu plc Financial Information for 12 months LSE:HIBU Hibu
25/07/2013 07:01 UKREG hibu plc Interim Management Statement LSE:HIBU Hibu
25/07/2013 07:01 UKREG hibu plc Restructuring Update LSE:HIBU Hibu
25/07/2013 07:01 UKREG hibu plc Letter from the Chairman LSE:HIBU Hibu
24/07/2013 16:40 UKREG hibu plc Second Price Monitoring Extn LSE:HIBU Hibu
24/07/2013 16:35 UKREG hibu plc Price Monitoring Extension LSE:HIBU Hibu
23/07/2013 16:35 UKREG hibu plc Price Monitoring Extension LSE:HIBU Hibu
17/07/2013 16:40 UKREG hibu plc Second Price Monitoring Extn LSE:HIBU Hibu
17/07/2013 16:35 UKREG hibu plc Price Monitoring Extension LSE:HIBU Hibu
21/06/2013 14:29 UKREG hibu plc BLOCK LISTING SIX MONTHLY RETURN LSE:HIBU Hibu
06/06/2013 16:35 UKREG hibu plc Price Monitoring Extension LSE:HIBU Hibu
28/05/2013 16:40 UKREG hibu plc Second Price Monitoring Extn LSE:HIBU Hibu
28/05/2013 16:35 UKREG hibu plc Price Monitoring Extension LSE:HIBU Hibu
24/05/2013 16:52 UKREG hibu plc Announcement LSE:HIBU Hibu
13/05/2013 16:40 UKREG hibu plc Second Price Monitoring Extn LSE:HIBU Hibu
13/05/2013 16:35 UKREG hibu plc Price Monitoring Extension LSE:HIBU Hibu
09/05/2013 16:40 UKREG hibu plc Second Price Monitoring Extn LSE:HIBU Hibu
09/05/2013 16:35 UKREG hibu plc Price Monitoring Extension LSE:HIBU Hibu
23/04/2013 16:35 UKREG hibu plc Price Monitoring Extension LSE:HIBU Hibu
15/04/2013 16:35 UKREG hibu plc Price Monitoring Extension LSE:HIBU Hibu
15

Date Time Source Headline Symbol Company
12/03/2013 16:40 UKREG hibu plc Second Price Monitoring Extn LSE:HIBU Hibu
12/03/2013 16:35 UKREG hibu plc Price Monitoring Extension LSE:HIBU Hibu
18/02/2013 16:40 UKREG hibu plc Second Price Monitoring Extn LSE:HIBU Hibu
18/02/2013 16:35 UKREG hibu plc Price Monitoring Extension LSE:HIBU Hibu
12/02/2013 07:00 UKREG hibu plc Interim Management Statement LSE:HIBU Hibu
23/01/2013 16:40 UKREG hibu plc Second Price Monitoring Extn LSE:HIBU Hibu
23/01/2013 16:35 UKREG hibu plc Price Monitoring Extension LSE:HIBU Hibu
04/01/2013 12:15 UKREG hibu plc Blocklisting Interim Review LSE:HIBU Hibu
19/12/2012 16:41 UKREG hibu plc Holding(s) in Company LSE:HIBU Hibu
17/12/2012 16:40 UKREG hibu plc Second Price Monitoring Extn LSE:HIBU Hibu
17/12/2012 16:35 UKREG hibu plc Price Monitoring Extension LSE:HIBU Hibu
17/12/2012 15:19 UKREG hibu plc Update on restructuring process LSE:HIBU Hibu
07/12/2012 13:21 UKREG hibu plc Restructuring Update LSE:HIBU Hibu
13/11/2012 07:01 UKREG hibu plc Interim Results LSE:HIBU Hibu
12/11/2012 07:01 UKREG hibu plc Restructuring Update LSE:HIBU Hibu
02/11/2012 13:31 UKREG hibu plc Holding(s) in Company LSE:HIBU Hibu
29/10/2012 16:41 UKREG hibu plc Second Price Monitoring Extn LSE:HIBU Hibu
29/10/2012 16:35 UKREG hibu plc Price Monitoring Extension LSE:HIBU Hibu
29/10/2012 15:46 UKREG hibu plc Restructuring progress LSE:HIBU Hibu
26/10/2012 08:26 UKREG hibu plc hibu response to OFT LSE:HIBU Hibu
26/10/2012 07:00 UKREG Office of Fair Trading OFT recommends CC review Yellow Pages undertakings LSE:HIBU Hibu
25/10/2012 07:00 UKREG hibu plc Update on capital restructuring LSE:HIBU Hibu
08/10/2012 16:00 UKREG hibu plc Update LSE:HIBU Hibu
02/10/2012 09:03 UKREG hibu plc Total Voting Rights LSE:HIBU Hibu
28/09/2012 15:51 UKREG hibu plc 2009 Waiver Approval LSE:HIBU Hibu
21/09/2012 16:40 UKREG hibu plc Second Price Monitoring Extn LSE:HIBU Hibu
21/09/2012 16:35 UKREG hibu plc Price Monitoring Extension LSE:HIBU Hibu
21/09/2012 15:34 UKREG hibu plc Holding(s) in Company LSE:HIBU Hibu
19/09/2012 16:48 UKREG hibu plc Holding(s) in Company LSE:HIBU Hibu
19
Posted at 28/11/2013 14:16 by freddie ferret
hibu plc Interim Management Statement
Date : 25/07/2013 @ 07:01
Source : UK Regulatory (RNS & others)
Stock : Hibu (HIBU)
Quote : 0.17 0.0 (0.00%) @ 05:00
HOME » LSE » LSE » Hibu share price

hibu plc Interim Management Statement
Print
Alert

TIDMHIBU

RNS Number : 0999K

hibu plc

25 July 2013

For Immediate Release 25 July 2013

hibu plc

("hibu" or the "Group")

Interim management statement for the three months ended

30 June 2013

Financial headlines(1)

-- Group revenue of GBP297m decreased by 11%

- Digital services revenues grew by 22% to GBP49m

- Digital directories revenue fell by 5% to GBP65m

- Print and other directory revenues fell by 19% to GBP183m

-- EBITDA(2) of GBP56m was down GBP15m
-- Free cash flow of GBP23m decreased GBP17m
-- Profit after tax increased by GBP3m to GBP2m
-- Constructive discussions on capital structure continue

Operational headlines

-- Total digital revenue increased from 32% to 38% of revenue
-- Digital services

- Customers increased by 8% to 449,000

- Annual digital services revenue per customer increased by 8% to GBP435

- Live customer websites increased by 5% to 430,000

-- Digital directories

- Advertisers fell by 12% to 723,000

- Annual digital directory revenue per advertiser declined by 1.9% to GBP345

- Visitors declined 16% to 41m in June

-- Yellow Pages

- Yellow Pages advertisers reduced by 21% to 200,000

- Yellow Pages revenue per advertiser decreased by 1.4% to GBP781

(1) Results are for the three months ended 30 June 2013, unaudited and compared with the same period in the prior year. The changes

in revenue, revenue per advertiser and EBITDA are stated at constant currency. Revenue percentage changes, including revenue per customer, are also adjusted for rescheduling and acquisitions.

(2) EBITDA is profit before interest, tax, depreciation, amortisation and exceptional items.

Forward looking statements

This news release contains forward-looking statements regarding hibu's intentions, beliefs or current expectations concerning, among other things, hibu's results of operations, revenue, financial condition, liquidity, prospects, growth, strategies, new products, the level of new directory launches and the markets in which hibu operates. Readers are cautioned that any such forward-looking statement is not a guarantee of future performance and involves risks and uncertainties, and that actual results may differ materially from those in the forward-looking statement as a result of various factors. These factors include any adverse change in regulations, exchange rates, unforeseen operational or technical problems, the nature of the competition that hibu will encounter, wider economic conditions including economic downturns, the final outcome of addressing hibu's capital structure and changes in financial and equity markets. Readers are advised to read the Risk Statement below. hibu undertakes no obligation to update or revise publicly any forward-looking statements, except as may be required by law.

Risk statement

hibu's risks and uncertainties include strategic and operational risks faced by hibu's businesses; debt and financing risks faced in funding Group operations and the financial reporting and related risks faced in reporting hibu's results. Readers are advised to read pages 22 to 29, page 116 and notes 1 and 16 to the financial statements included in Yell Group plc's 2012 annual report (Yell Group plc changed its name to hibu plc on 27 July 2012) for the financial year ended 31 March 2012, a copy of which is available on hibu's website at

The majority of hibu's debt matures in April 2014. The Group has been in negotiations with a co-ordinating committee of the lenders (the "CoCom") under its facilities agreement dated 30 November 2009 (as amended) (the "2009 lenders") to represent the interests of the 2009 lenders during the process of determining an appropriate new capital structure. The Group obtained certain waivers, with CoCom support, from the 2009 lenders to enable, among other things, substantive discussions to take place around a balance sheet restructuring.

The Group is currently in default under the 2009 facilities agreement. The lenders' facility agent may, and must if directed by two-thirds of lenders, demand immediate repayment of all amounts due. The default can only be waived by the unanimous approval of all 2009 lenders. As this is not considered likely in the current circumstances, a waiver request for this default is not being made. As announced today, the principal terms for the restructuring of the Group's debt have been agreed in principle with the CoCom subject to clearance from the UK Pensions Regulator. The members of the CoCom together represent approximately 32.8 per cent of the Group's financial debt. The restructuring will be implemented through schemes of arrangement that will require the approval of lenders that hold at least 75 per cent of the debt. Closing of the transaction is expected to take place in the fourth quarter of the current calendar year.

The financial restructuring will not result in any payment being made to shareholders or leave hibu shares with any value. The Group has therefore decided to suspend the listing of hibu's shares and the trading of those shares on the London Stock Exchange with effect from 07:30 BST today. The listing of hibu's shares will be cancelled upon completion of the restructuring. The restructuring will also result in a Group reorganisation that will require hibu plc and some other Group holding companies to be placed into administration.

Also as noted in another RNS announcement made by the Group today, the Board of Directors has given consideration to both the implications of the share suspension and the significant effect of any financial restructuring on the future shape of the Group, including the fact that hibu plc, which is the Group's ultimate holding company, is expected to be placed into administration as part of the financial restructuring. As a consequence, hibu has given notice to the Registrar of Companies that it is changing its accounting reference date to 30 September. As a consequence, the accounting period that commenced on 1 April 2012 will now cover the 18 months ending on 30 September 2013.

The Group is cash generative and the directors believe that the lenders will receive a higher recovery on their loans through a restructuring that allows the business to continue to operate as a going concern rather than by any other course of action. Therefore, the financial information has been prepared on a going concern basis and does not necessarily include all adjustments that would be required if the business were unable to continue as a going concern. At 30 June 2013, the Group held cash balances of GBP222m.

The Group net liabilities of GBP1,477m include goodwill and other acquired intangible assets totalling GBP469m which is supported by the Group's strategic plans. It is clear that the Group faces challenges and material uncertainties that may affect the carrying value of these intangible assets.

About hibu

hibu helps communities thrive by facilitating millions of connections each year between consumers who want to find products and services locally and the merchants who provide them.

hibu enables consumers to find local businesses and shop in new, innovative ways whether online, on the move or in store. hibu helps merchants compete in the digital world with a broad range of marketing and commerce solutions delivered online and through hibu's direct sales teams. Building on its heritage as a premier directories provider, hibu continues to offer a full range of print- and distribution-based marketing services.

hibu operates in the UK, US, Spain, Argentina, Chile, Peru and US Hispanic markets. In the twelve months to 31 March 2013, hibu had one million SME customers and total revenues of GBP1.3 billion.

For further information about hibu, visit corporate.hibu.com.

Enquiries

hibu - Investors RLM Finsbury

Andrew Clatworthy Andrew Dowler or Charles Chichester

Tel: +44 (0) 118 358 2838 Tel: +44 (0) 207 251 3801

hibu - Media

Jon Salmon

Tel: +44 (0) 118 358 2656

This information is provided by RNS

The company news service from the London Stock Exchange

END

IMSDDGDRDDDBGXS

Your Recent History

Delayed Upgrade Clock