Informa Dividends - INF

Informa Dividends - INF

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Informa Plc INF London Ordinary Share GB00BMJ6DW54 ORD 0.1P
  Price Change Price Change % Stock Price Low Price High Price Open Price Close Price Last Trade
30.80 6.26% 522.60 498.40 521.60 502.00 491.80 16:35:00
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Industry Sector

Informa INF Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

antstaffs: Where now for the share price? 460p???
kenmill1: Reasonable results in the circumstances, published on a bad day in the markets. Outlook fairly positive to underline current share price but nothing too exciting to look forward to. Reinforces my view last October that the market was valuing the company about right and probably no more than 10% upward movement to look forward to for the rest of the year.
pckrowe: I'm thinking of selling some of my shares in Informa, mainly because I need the money. I was just wondering if anyone had a view as to whether this was a sensible or foolish decision at this particular time. Does anyone see any major change in the share price over the next six months or so? Thanks.
broadgreen: share price suggests that there is some optimism ahead of preliminary results due out tomorrow.
25cent: Ken how can any respectable board of a company turn down 475p a share saying that it undervalues the company only to then issue shares at 250p months later? The credibility level is zero the corporate governance in overpaying for companies that they took over is zero. The huge debt that they have saddled the company with leave the company exposed. Is it any surprise that I don't believe a word that they say, also looking at the share price it seems many also don't believe the board and have jumped ship. Where is any good news going to come from? On a good news /bad news ratio I would put the bad news at about 90% out of 100% as against a 10% chance of any good news. I INF really is, or I should say the shareholders are now paying for the years of mismanagement at INF, but that's ok they just blame it all on the global recession. Nice work if you can get it.
25cent: Hi Ken, No you misunderstand me a tad, I think that they will issue a profits warning and blame currency movements no mater what the £ does in the next few months. They have already planted the seed in the last statement that covers them for this. I would not call a few months a long time Ken? Lets be realistic Ken in this same time span they had a placing that I said they would and they cut the dividend just like I said they would? All this despite heavy criticism on this very thread at the time of me saying all this. Take a look at the last statement, if you can find any other RNS that more blatantly lays on the warning of not meeting the expected targets without actually saying so then please show me. I think its abundantly clear by the share price what the smart money is betting on. I still say a test of £2 is 90% certain imho and then 140p when the warning hits. What was the alternative you ask? well that was 475p per share and a years free interest, but sadly apparently this was not in the shareholders interest to take this all-cash offer according to the INF board?????
loryd: Thanks for the respective explanations... I suppose the long-term question is whether Informa is a better company for the extra cash. Obviously in the short-term yes, but I can't help thinking they haven't really done much to dent the debt, and I don't have faith in the management and their 'diversity in the face of more difficult times' argument. To state the obvious, it cold go either way, but certainly the share price doesn't look attractive to a long-term buyer like me. Still I am very often very wrong.
kenmill: Reasonable interview with Peter Rigby in the FT today "Severity of downturn threatens normally defensive sector By Salamander Davoudi Published: February 4 2009 02:00 | Last updated: February 4 2009 02:00 Peter Rigby is agitated when he talks about the past 12 months at the helm of publisher Informa. "Bloody horrific" is how he describes moments of it. The company's share price has fallen almost 45 per cent in the past year after a string of failed approaches. Yesterday the shares were trading at 235p. Preliminary discussions about a merger of equals with rival UBM collapsed in June. Only 18 months earlier Informa was offered, and rejected, 630p a share from Springer Science & Media, the academic publisher. In July the company opened its books for a private equity consortium led by Providence, which had made a 506p a share indicative proposal. "We allowed the private equity guys three weeks' access at the beginning of July. They said they didn't want any more, but when we got to September it had seemed to drag on a little bit," Mr Rigby says. But during the summer, financing conditions deteriorated, other suitors dropped away and by early September the consortium had dropped its bid to 450p, which was rejected. Then Lehman Brothers collapsed, credit markets were in meltdown and the leveraged deal fell apart. Many analysts say rejecting the 450p-a-share bid was a "blatant mistake". Mr Rigby denies rumours that the decision split the board. "Had the offer come three weeks later [after Lehman's collapse] and we had gone back to the same shareholders and said what do you think, well it was a different world," he says. Informa has received no contact from UBM since last April and no further contact with the private equity consortium. "If they approached us we would be duty-bound to consider it, but it has not happened," Mr Rigby says. However, with net debt to earnings of about 3.8 times in December, Informa is seen by the market as over-leveraged and in risk of breaching its banking covenants this year, according to a recent Morgan Stanley research note. The company's debt stands at about £1.2bn. Mr Rigby says he has not approached the company's banks for a covenant waiver and does not expect to breach covenant tests at the end of June or in September. "The ability to reduce debt quickly through asset disposals would make sense as long as you can get the right price. It is hard to sell things these days," he adds. With this in mind, Informa is in talks over a sale of Robbins-Gioia, a consultancy that advises the US government on areas such as compliance and risk. A sale could raise £80m, but no price has been agreed. Mr Rigby says: "We have not earmarked any businesses for disposal because we don't feel forced into that situation, but we do have approaches. We can, if we need to, parcel things up that don't tear the heart out of the businesses." There is no doubt, however, that the severity of the economic downturn is threatening the traditionally defensive business-to-business sector as costs are slashed and global travel slows. During the 2001-03 slowdown, Informa saw a 12 per cent downturn in revenues in 2002. Operating margins also dropped from 15.8 per cent in 2000 to 13.1 per cent in 2002. "This [downturn] would appear to be worse because it is more sudden. We will do what is proper for the business and will look at costs on a business by business basis," Mr Rigby says. Morgan Stanley says about half of Informa's businesses, the subscription-based publishing operations, should be resilient, but the other events businesses look vulnerable. Trading at Informa's academic and scientific unit remains strong and there is no sense of pressure on endowments at academic institutions. "While we expect pressure on many budgets going forward, renewal rates remain strong." Mr Rigby says that none of Informa's large-scale events, such as conferences or exhibitions, has so far been cancelled. The smaller regional events are "falling by the wayside", however, and the bulk of profits are coming from the more lucrative larger events, he says. The company will be boosted this year from sterling's weakness because 60 per cent of revenues come from the US. UBM may also revisit the idea of a nil premium merger. In the event of a successful merger, would he want the top job? "Yes, probably. But I like to think that I would do the right thing for the company." Mr Rigby is keen to stress that Informa does not necessarily see its future as independent. "We had proper talks with UBM and we had more than proper talks with the private equity guys. We did not prepare defence documents or barricade ourselves in." At least it refutes claims of a need for fire sales of subsidiaries and trouble with their funding.
25cent: Yet again Ken shows his true colors . "To give the note behind the rise today in full 14:40GMT 26Nov2008-Informa rises; " Note behind the rise today in full????? eh? just where had any part of that post been posted in any form on this thread Ken? Spiteful Ken attempts to make out that i copied the post of the INF rally being a short squeeze from the above Real-time Equity News release at 1440pm to try and distract his embarrassment of yet again having to read what i say come true on "his" thread? Ken that's exactly why i find you loathsome, just show me any reference to this bear squeeze reference before I posted my comment on this thread documenting such at 11.54 am? almost 3 hours before the one that you attempt to make out i copied from was released? Amazing! ------------------------------------------------------------- PC "I didn't really want to get involved " Erm, clearly you do? Obviously as a shareholder being long as you are, its natural for you to feel a certain distain towards someone like me who correctly gives advance notice of a massive share price collapse in a stock you hold. What you have to try and understand is that someone who tells the story "how it actually is" to believers whom have only been fed on Kens properganda for years are never going to be popular on that particular tread with shareholders wanting to see the opposite to what i say happen. oh well! What your saying is akin to being annoyed at the bloke next to you at the races because his horse won and your horse fell at the first hurdle after that guy predicted it would. I am not looking for friends on the INF thread and neither will i attack you unless you attack or attempt to belittle me first like Kan and doc did. I want the share price to fall obviously because i am short, although i would not take offence if some one was happy that the share price had increased, i would say well done and not be all bitter and pathetic about it like my mates Ken and Doc. I see it as going with the territory, so don't take things personally unless they are addressed directly to you. I only take comfort in undermining the fools and general know all's, whom really always turn out to know sweet F.A time to take a bow Ken and Doc. Just so the doc can not say your a made up name , could you tell me any other threads you have posted on on this site? or this this your first? I suppose you can be forgiven for omitting to mention in your post that on a factual basis with regards the share price i have been correct in saying it would half in 5 weeks. Also i am more than prepared and indeed have done in detail posted why this company is in serious trouble. I then help out poor ken with regards brokers recs in a long post with out any thanks whatsoever, all this about 2 hours before one broker does exactly as i said they would on INF. Then i tell the thread a short squeeze is happening on the stock 4 hours before its reported on the financial websites? What do you want for nothing blood? LoL I am not being funny but i am not getting the same quality information back am i? What can you tell me about Inf pckrowe ? I predict that the short squeeze will end and this will continue down, thats my opinion. I don't understand why you think your long bet is the righteous and correct thing to do.In what way are you different to my short bet? How are you helping employees and clients?If this debt mountain of a company goes under the business will remain it will just be owned by the banks don't you understand? What honor does this company have? its now looking to avoid paying UK tax by moving to Ireland say the report today, why the hell should anyone show any respect for the board of Inf whom in my opinion have something of the night about them and show scant regards for shareholders.
kenmill: To give the note behind the rise today in full 14:40GMT 26Nov2008-Informa rises; Morgan Stanley says could rally ----------------------------------------------------------------- Shares in Informa jump 26 percent after Morgan Stanley says the company is a 'decent candidate for a rally' while a trader attributes the gains to a 'bear squeeze'. In a note highlighting key messages from meetings of Informa's management with investors last week, Morgan Stanley says that while trading conditions are more difficult, they are not markedly more so than at the time of the company's trading update at the end of October. The broker also says the company remains hopeful of remaining within its banking covenants in 2009, when its key covenant tightens. Furthermore, the broker notes that mid-term, Informa is considering a cost saving plan involving back office consolidation between the various businesses. And it points out that the company appears to be considering a move of its tax domicile to Ireland, which could push its tax rate into the low 20s from the current 26 percent to 27 percent. Wednesday's share price advance could also be down to short sellers closing their positions. 'I think there was a bit of short interest out on (Informa). It could be getting squeezed on that,' says Manoj Ladwa from ETX Capital.
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