Independent Media Distribution Share Discussion Threads

[veryniceperson] 13/5/2008 13:27

Don't like to see all the selling today. Hope there is no bad news around the corner. Should be getting a trading statement within the next fortnight.

[hastings] 17/3/2008 13:18

Don't wish to be a party pooper VNP but if the House Broker forecasts are near the mark, the shares are not going to attract many buyers in this climate.
There are numourous stocks out there with sound balance sheets which are standing on single digit PER's and they are still weak. My guess is that we will hover around or just below these levels for some time yet.

[veryniceperson] 14/3/2008 14:40

Not surprised they got a buy rating. They spent 5 million on the network, bank overdraft of 3 million in December 2006 now that's down to 644 thousand end of 2007, bet that's paid of by the half year results. Now that is a lot of payback in a short time. They also started getting money in from the German network in the last quarter. No it a bad time for stock markets at the moment, but these shares should perform well this year on growth potential.

[anode] 14/3/2008 11:55

IMD gets a nice write-up in today's Investors Chronicle, with a BUY rating:

[hastings] 07/3/2008 17:23

Landsbanki Securities has issued the following forecast as of yesterday.
BrokerBUY 2008 pre tax £1.60Mln EPS 3.20
2009 pre tax £1.85Mln EPS 3.79
That puts the shares on a forward PER for this year of 12.8 falling to 10.8 next year.

[wjccghcc] 05/3/2008 08:15

Yup. 2mm cash generation this year despite investment in Germany.

Anyone see any forecasts for 2008?

[veryniceperson] 05/3/2008 08:07

Just a thought. If they paid of the 3 million overdraft in just a years trading, in theory next year could see a pretax profit and without any extra revenue coming in say 3.5 million, allowing some for further expansion and not to forget revenue from the German network also coming through.

[wjccghcc] 04/3/2008 13:57

Well, they repaid the 3mm aquisition debt within a year which is quite a turnaround. Leaves them with a 619k overdraft but that should be paid off by the interims depending on european expansion costs.

[veryniceperson] 04/3/2008 13:50

We should see Germany's revenues coming through in the half years results, plus we should win more market share here as well. Anyway just glad to see them back in profit and getting there borrowings down from the Optimad acquisition. We should see the share price rise this year, but have said that before to no avail.

[wjccghcc] 04/3/2008 13:34

Sold my short-term trading ones I got at 36.5p. Happy to keep quite a large core holding. They're becoming the complete service provider for video digital distribution and have gone from nowhere to market leader in TV within 18 months in the UK. Now doing it in Ireland and if Germany follows suit then you can add another 50% to revenues. Also, once the network is set up, the capex is very low (and they expense the setup costs anyway) leading to stonking cash generation. Ultimately they'll trend to growth in TV/online video advertising but there's the whole of Europe to expand into first.

[cockneyrebel] 04/3/2008 13:13

tucked mine away. Only had 10K. Looks like th sort of thing that might not blow whistles and bells right now but a little later this year they might pleasantly surprise imo.

CR

[wjccghcc] 04/3/2008 08:31

They always have a cautious outlook, mainly because their busy period is Sep-Dec and it's not exactly a business with long-term orders. Having said that, they are the clear market leader, TV advertising is likely to increase this year and they've started charging for the German network. All for 7x historic cashflow.

[stegrego] 04/3/2008 08:30

Id be very glad to be proven wrong as i think this is a great company with a very bright future, especially if they can make progress abroad and kick the internet into action. Im certainly not selling.

[cockneyrebel] 04/3/2008 08:27

I beg to differ - that is pretty stunning momentum from loss to earnings like that - I wouldn't be surprised if the PE here is well into single digit - and strong growth.

CR

[stegrego] 04/3/2008 08:16

Results look good, albeit slightly cautious outlook.

I doubt gains will be held as the results buyers will no doubt be looking to get out.

[veryniceperson] 03/3/2008 13:26

Welcome CR nice to know you brought in. The results tomorrow should be good as it will be a full year that the TV side has been and back into profit. Do you still hold CFT there results are out next week 14.6.08 they should be good as well. Anyway welcome.

[cockneyrebel] 03/3/2008 12:53

Bought in last week ahead of the results this week - seems to be on the move today again.

CR

[veryniceperson] 28/2/2008 13:19

No you mean TICK UP TICK UP!

[hastings] 28/2/2008 13:18

TICK TOCK!

[veryniceperson] 28/2/2008 13:07

Still heading in the right direction.

[veryniceperson] 27/2/2008 11:56

Seems we are of some interest today, long may it continue. Do you think someone had a peak at the results?

[wjccghcc] 26/2/2008 14:57

Picked up a few more at 36.5p.

[hastings] 26/2/2008 12:50

Tick up today i see

[veryniceperson] 26/2/2008 08:12

Thanks Hastings. Guessed it was one of the institutions.