Informa Share Discussion Threads

[the_doctor] 26/4/2010 10:32

Well, for anyone that wished the company had accepted the 450p bid a while ago, now is your chance to sell at that price!

Endless moans from a couple of individuals. At the time, I stated that large shareholders obviously wanted to hold on. Now it is clear why.

UBM also rising over the last couple of weeks

All said though, chartwise I think it's time for a breather.

[pckrowe] 23/4/2010 17:47

Has anyone any idea why there has been such improvement in recent weeks or is this just due to a general improvement in the outlook for b2b companies? Does anyone think an offer or deal is due in the next twelve months?

[chester] 23/4/2010 15:03

Onwards and Upwards...

[kenmill1] 07/3/2010 12:40

I see in the Sunday papers that INF are now the 99th largest company after their rise this week. If they keep this up they could be admitted to the FTSE 100.

[pckrowe] 02/3/2010 15:35

I'm encouraged. If this is as bad as it gets, then this is good news. When the upturn happens, I reckon Informa is well placed to take advantage. Nice to have such a good dividend.

[kenmill1] 02/3/2010 12:55

I watched the webcast of the analysts meeting. It seems to be steady as it goes this year with little growth unless the events side picks up in the second half. If that happens, most of the increased footfall goes straight to the bottom line. Tax rates will be in the low 20s for the forseeable future and covenant cover will be in the 2 - 2.5 range against a limit of 3.5. There may be small acquisitions. They can't really give more indications because nobody knows how the second half of 2010 will pan out globally

[kenmill1] 02/3/2010 09:28

Good set of results in the circumstances. Rightly cautious for the coming year, but an increased divi. A lot will depend on the feel after the presentation this morning.

[broadgreen] 01/3/2010 13:50

share price suggests that there is some optimism ahead of preliminary results due out tomorrow.

[kenmill1] 02/12/2009 09:13

They did the right thing. Springer has been geared up too much by greedy Private Equity houses and made unsaleable in this climate (except to another greedy Private Equity house)

[kenmill1] 26/11/2009 09:26

Thanks
definitely not worth chasing the valuation up in a bidding war. I hope the Board has the strength to walk away if the price rises too much

[kenmill1] 25/11/2009 16:34

Who is the rival bidder?

[pckrowe] 25/11/2009 11:29

I don't reckon it's going happen. There's now a rival bidder and I just think the level of debt is just too high.

[broadgreen] 24/11/2009 15:40

And a slightly more optimistic view...

[kenmill1] 24/11/2009 15:05

The market obviously thinks it will involve a rights issue and, given the level of discount for the last one, the shares are being marked down accordingly. The merger of the 2 companies would be a great fit at the right price. There have been several talks in the past on a possible merger (T & F and Springer)but it always failed on the price.
Given the level of INF debt, the only routes are another rights issue or buying with shares that are immediately placed so that Cinven gets its money.
Given that Cinven seem eager to sell, there could be a deal here but the INF Board would have to play tough on the price as the market won't let them do another Datamonitor type deal.

[pckrowe] 24/11/2009 11:33

Just when you thought things had calmed down for a bit, then along comes the news of a potential bid for Springer.



The analysts seem to be positive and acknowledge that the move is risky. Any views? kenmill?

[kenmill] 10/9/2009 11:22

I think any bid in the next 12 months would be in the 450p area -given that not much has changed since the last bid (current results lower but future not dissimilar to what it was at the time of the last bid). I can't see any bid much before 12 months as credit is too tight for such a large transaction - unless Dubai suddenly finds some cash from somewhere. I guess the board would reject it again for the same reasons and over £5 would have to wait until 2011/12. Still not a bad return to look forward to over the next 2 years.

[the_doctor] 08/9/2009 16:21

Not really. If a bid came now, it wouldnt be for 330p, it would be closer to 450p
So, if it rises over the next 12 months, which it could, any bid if it came then, could be higher still.

[pckrowe] 08/9/2009 15:59

Now THAT is what I call optimistic!

[the_doctor] 08/9/2009 14:12

'What a far cry from 450p the board turned down.I doubt that inf will ever see that price again'

if a bid came now, it would have to be close to 450p, so they're virtually there
in 12months, the share price could the approaching 450p - any bid then would be over 550p probably....

[pckrowe] 08/9/2009 14:01

At long last, the price has got to 300p - it's like pulling teeth, isn't it?

[pckrowe] 31/7/2009 20:59

Apart from the debt issue, how is UBM's position so different from Informa's - in the eyes of the market at least? I would have thought their respective fortunes are almost identical.

[25cent] 29/7/2009 00:32

I think its just a waiting game for the inevitable official profits warning.
Twice now they have clearly hinted of this and yet again they "warned that trading will remain difficult for the remainder of this year and the outlook for 2010 is uncertain".
This remains overvalued chiefly down the huge debt and shrinking earnings and more importantly unclear future earnings.
Yeh ok this year they have stripped out costs to mitigate the revenue declines,, how can they do this year after year?
I think the market have picked up on this and that's why after the initial bounce this was old down 10% today.

INF reduced its debt position to GBP985 million at June 30, from GBP1.22 billion a year earlier but that was down to the rights issue, indeed without positive currency movements \INF;s figures are appalling.
I remain quite sure that this will touch new lows in the next 6 months.

What a far cry from 450p the board turned down.I doubt that inf will ever see that price again.