Independent News & Media Share Discussion Threads

[lbo] 24/9/2010 17:53

my banker friends -- yes, I still have a few -- whisper to me that even firms they previously reckoned were rock solid are now coming to them with serious problems.

[caveat_emptor] 02/9/2010 07:50

I wonder if the recent publicised antipathy between DOB and De Familee
has anything to do with the above pressure being brought to bear on CFD
owners and their connected parties to declare.

This story will run for a good while longer, I think!!!

[caveat_emptor] 31/8/2010 07:35

Most of the top newspapers in the world have a similar
debt mountain....show me one that has'nt!!!

What bothers me is the Indo claim that it is number one
in Ireland, when most of the copies I see in the morning's are
FREE..........

[bradye4] 31/8/2010 00:19

INM is only liable for EUR510.6 million, the rest of the EUR476.9 million is APN's. see page 22 of the interim report. INM simply owns shares in APN, but for some unknown reason likes to consolidate APN's revenues and debt figures into its group reports.

[mcsean2164] 27/8/2010 15:33

Following this repayment, Net Debt has been reduced to EUR978.5 million, of which EUR510.6 million has recourse to INM.

I guess people aren't too pleased about the fact that the indo has nearly a billion in debt.

[nearlybroke2] 26/8/2010 08:47

If I wanted to buy your shares, I would simply wait
until they came on the market, as a by-product of
mortgages that required those shares to be offered
as security for all sorts of borrowings,
as reported in articles recently in publications
of the likes of The Sunday Times.

When I look at depressed share prices, I see perfectly
good companies market valuations going nowhere, but down, because their
shareholders are being squeezed to pay down their own
debts.

I remind myself, that every SELL nowadays is likely
being caused by some form of debt!!!

[lbo] 24/8/2010 11:24

Share price drop for Indo company

[lbo] 19/8/2010 22:44

Decline in newspaper sales

[mcsean2164] 19/8/2010 14:46

Sorry Cat, you're right

Further to the announcement issued by Independent News & Media PLC ("INM" or the
"Group" or the "Company"), on 10 June 2010, the Group is pleased to announce
that the proposed 1-for-7 share consolidation has today become effective.

Still and all a 20% drop since consolidation isn't exactly anything to rave about. I'll still take O'Reilly's job with my previous conditions.

[cat100] 19/8/2010 11:46

mcsean2164 You might be not doing as bad as you thought . I'm nearly sure it was a 7 to 1 not 8 to 1 swap . I don't hold but have traded in the past.

[lbo] 18/8/2010 19:11

Independent News and Media shed over 2 per cent to close at €0.68 after Australian media group APN, in which Independent News & Media has a 32 per cent shareholding posted slightly disappointing results

[mcsean2164] 18/8/2010 10:24

It's really hard to maintain patience here!

Everything INM has done has reduced sharholder value.

- Debt for equity massive shareholder dilution, especially if one had bought at my levels

- Share consoildation

Given the share price had been trading at 12c an eight for one swap should have seen a move to 96c.

We're now down at 69c. A further 28% lost.

How can O'Reilly justify his position. Two years ago the company was trading at €1.50.

We're now at 70c after an eight for one consolidation! Meaning that excluding the conslidation the share price is 8.75c

So assuming someone did not take their rights entitlements their investment 2 years ago would be worth 5.83% of their initial investment.

Approximately 94% of the share price wiped out. How can O'Reilly still be there. What does he have to do to get fired? I'm suspicious of anything O'Reilly but thought I could turn a quick buck here. Instead about 50% gone already.

I think it would be difficult to destroy share price value so utterly in 2 years but O'REilly has achieved it. Is he being secretly paid by a rival to run INM into the ground? Why is he still working there? Surely a 2 year old could do a better job if only by dint of the fact that they would not be doing anything....

If anyone is interested in proposing my for CEO, I'd be willing to take a 50% pay cut and do nothing... I could do it along with my other job a bit like the way Gavin can be apart of multiple companies while running INM into the ground, the difference will be that I will not do anything, so INM will be insulated from any negative actions of the CEO. All CEO shenanigans and posturing will be absent from INM thereby ensuring the staff do not have a negative role model at the helm. They can pull together to drive the company forward.

In fact the 50% of the CEO pay that has been cut could be distributed in yearly motivating bonuses instead to be distributed equally to the different departments.

[lbo] 06/8/2010 21:42

More likely consistent with keeping the company from falling into the control of the debtholders!

What can they sell next? I hear the office kithen sink could be on the block!

[bongo bwana] 06/8/2010 14:46

Thanks for that SS.

Consistent with stated corporate strategy.

[share_shark] 05/8/2010 22:17

FAO BB







Independent News & Media Plc (INM) has sold 17.1 million shares in Jagran Prakashan Ltd (JPL) on Indian sharemarkets to exit the investment.

The 32 million euros ($NZ57 million) it received will be used to reduce bank debt.

INM is a major shareholder in APN News and Media, which owns The New Zealand Herald along with newspapers and radio in Australia.

INM originally invested 28.5 million euros ($A40.89 million) to acquire 26 per cent of JPL in 2005. It said it has received 96 million euros ($A137.74 million) as a result of share sales over the past 14 months. This tranche was the last of its holding.

"While we have been crystal clear that our immediate and continuing priorities are on reducing bank debt, achieving and sustaining leverage ratios at significantly lower levels, and focusing on growing our market-leading brands in our core markets, it is fitting to recognise that our five year investment in JPL has been a highly profitable one for INM, and I want to recognise the insight of former chief executives Tony O'Reilly and Liam Healy for initiating this investment," INM chief executive Gavin O'Reilly said.

Mr O'Reilly will continue as an independent non-executive director of JPL at the request of the founding Gupta family.

INM would continue to work with JPL and the Gupta family in exploring other ventures in what was undoubtedly one of the most exciting media markets in the world, Mr O'Reilly said.

[lbo] 04/8/2010 15:19

They are desperately trying to keep the debt wolves from coming in the door!

[healyron] 30/7/2010 10:21

Mcsean, thanks

whe using the search facility on Yahoo (UK) it only returns the IPD ticker. INM.L seems to work fine

Ron

[mcsean2164] 30/7/2010 09:36

strange I always use inm.l on yahoo.

What I have noticed recently is that when using yahoo it is sometimes necessary to refresh the page.

[healyron] 27/7/2010 19:42

Thanks,

maybe I wasn't clear. The INM ticker/symbol appears to be used in some places while IPD appears to be used in others. I'm not particularly up to speed on the various tracking options. When I use IPD (which is suggested by the INM website) I only get prices at the old (pre-consolidation) scale and Yahoo finance, for example, shows no trades since the consolidation.

If I want to get up to date prices, what symbols should I use? I currently use Zignals and Yahoo for checking my portfolio and both use IPD (old price)

Thanks again

Ron

[healyron] 27/7/2010 17:20

Hey all.

Does anyone know what's the current ticker/symbol for Independent News and Media after the 7-1 consolidation? My old YAHOO portfolio still has the IPD.ID ticker that hasn't budged since then

TIA

Ron