Interactive Prospect Targeting Share Discussion Threads

[ninjatnut] 11/1/2008 17:20

I don't believe this share has a true market, yesterday all the transactions were sales and the price rose 1p, today they are still 100% sales and the prices drops 1p, someone is playing games unless the trading is taking place below the quoted price.

[masurenguy] 04/1/2008 00:59

Couldn't agree more - checkout post 14061 detailing a Bear Stearns director buys and sells, which really illustrates the point !

[dibbs] 03/1/2008 22:21

Hi Mas,

I'll have to take a fresh look at TMN, cheers.

I had to laugh and the new guy, posts every few minutes, I could never do that, too slow typing!

I always think of HBG and the directors buying a couple of weeks or so before someone switched the lights off. This implicit trust that Director or new investor buying is based on superior inside knowledge does not always stand up as I learn't to my cost!

Dibbs

[moob] 03/1/2008 21:53

40p nex stop

[masurenguy] 03/1/2008 21:48

Hi Dibbs - well the TMN/IBG marriage is due to be consumated appropriately on Feb 14th ! Needs to 'bed in' but thereafter it could become an interesting play.

LED - poor old Rampy is just an amateur compared to the new guy.

[dibbs] 03/1/2008 21:24

Hi Mas,

I had some IBG a long while back, made a nice little profit on that one, which is always nice! I remember them warning a while back, bit of a shocker as I recall at the time IBG seemed to be doing so well, although the share price had been very flat.

Are IBG and TMN coming together still? I see TMN look pretty cheap after pretty hefty recent falls. Do TMN still issue shares to members as they used to?

I seem to have been following you around this evening, not stalking I promise! I had a read of LED, I bet you wish your "mate" RP was back after the new guy!

Sorry for OT guys.

Dibbs

[markie7] 03/1/2008 21:22

closed the short before christmas at 113 or so - but got in at 165, so irritating today - but c'est la vie

[masurenguy] 03/1/2008 21:09

Maybe - there could be further consolidation in this sector in due course. I took a look at IPH earlier this year and fortunately made the right decision to stay out - however I was in IBG and shed some blood there instead.

I'm still watching IPH and also TMN - both could still come good eventually but at the moment this sector still suffers from negative sentiment.

[dibbs] 03/1/2008 21:03

Markie7, Hope that you'd kept that short open!

Masurenguy, Have to say that these have always seemed expensive to me and prone to under performance. As a longterm holder of Tangent Comms TNG, who despite consistent over performance still trade on a mean PE, It was even more surprising!

Maybe TNG will make a bid here? They tried for St Ives with a mkt cap of around £300 million so these are small fry. Not sure though that I would want them to!

Dibbs

[masurenguy] 03/1/2008 16:40

Why everyone should always DO THEIR OWN RESEARCH rather than follow tipsters !

19 Jan'07 - 177 of 381: IC tip. While the traditional print media struggles to increase advertising revenues, online advertising is growing at a staggering rate. One company benefiting from this growth is Interactive Prospect Targeting (IPT). It is an online direct-marketing company that specialises in e-mail marketing - a sector that, in the UK, is expected to grow from a current annual spend of around £125m to more than £300m by 2008 IPT is expected to more than double its pre-tax profits to £5.2m this year, which translates into EPS of 9.3p (6.2p in 2005). Next year, EPS is forecast to increase by another third to 12.4p. IPT is a leader in a fast-growing sector, so the prospective PE ratios of 15 times for 2007, based on a share price of 185p, suggest this share has good times ahead of it.

27 Mar'07 - 12:46 - 249 of 381: Profit Watch Recommends. Richard is very excited about this one and makes it his top profit play for 2007. Why "the UK's own Google" could hand you 174%. The company in question is Interactive Target Prospect Holdings (AIM, ticker: IPH). The company has a market cap of just over £80m and is trading at around 200p. We're about finding extraordinary opportunities that could deliver outstanding profits. That's why we like this stock. IPH is the UK's largest online direct emailing company. It has a blue chip client base of over 250 customers and is operating in a high growth market with turnover close to £20 million in 2006. Clients include Royal Bank of Scotland, Lloyds TSB, Tesco, Vodafone, Carphone Warehouse, Royal Mail, Yahoo, Morgan Stanley and Halifax, to name a few. Where I believe IPH is ahead of Google, is that IPH can send advertising to its database members, the consumers, and does not have to wait for the consumer to first do a keyword search for items that they would be interested in. "views". Should IPH in theory not be worth more than the $1.65billion? It might be an extreme comparison, but I think that IPH is definitely worth more than its current market cap of £80 million, or even £166m. The stock is trading on a Price to Sales ratio of 6 vs. the sector average of 94, and Price Earnings ratio of 23.97 times, vs. the sector average of 25.21. IPH generates a ROE of 14%, vs. sector average of -11%. Considering the positive fundamentals, IPH should trade at a significant premium to the sector averages – so at the current level, it looks very cheap to me. Assuming a reasonable growth rate in earnings per share of 30% per annum and a P/E of 30 times earnings, IPH could trade close to 395p by the end of 2007, and 514p by the end of 2008. This means it offers Profit Watch readers and any other smart investors buying at the current price of 188.5p a potential return in excess of 174% over the next two years. ACTION TO TAKE: Buy Interactive Prospect Targeting Holdings (AIM:IPH) at 240p or less. Stop loss at 150p.

[masurenguy] 03/1/2008 16:39

Why everyone should always DO THEIR OWN RESEARCH rather than follow tipsters !

[bluebelle] 02/1/2008 14:53

Read over the holiday - Times I think - that Trinity Mirror were in talks with them but are having second thoughts given the profits warning, hence the drop.

Seen this sort of thing so many times before. The bait is 'synergy' but all too often there is none, and the 'blue chip' ends up with a business which they don't really understand (in the talks they convince themselves that it is really just like their's but it proves not to be!!!), requires more investment than they anticipated and proves to have lower guaranteed ongoing revenues than they expected.

Don't know if that is/was the case here, but it has a familiar ring to it. Why should a growth stock want to sell out at this early stage in its development ?

[bluebelle] 19/12/2007 12:23

It used to be the case that companies chose the Christmas period to put out bad news when not many people were looking. Now it seems they get even more severely punished for it. The fact of the matter is the markets are so nervous at the moment, any hint of underperformance - for whatever reason - is going to be punished severely. With IPH there is also an element of deja vu, especially given the CEO's earlier reassurance. If the take over were to come to nothing - and what price circa 180 now ? - the Board might well need strengthening to restore some credibility.

[ninjatnut] 19/12/2007 12:04

Minimal liquidity and share price only held up by insiders and complicit fund managers. A historic PE of 14 is seriously mad following a profit warning and non-existent takeover. More toxic waste!

[markie7] 18/12/2007 15:35

good advice...

[chiva20] 18/12/2007 10:13

Few will sell out for Christmas anyway so personally I feel you'll probably make more cash leaving it open Markie. Quite jealous to be honest! Would be suprised if a bid transpires anytime soon at this rate. DGM (also in this sector) released bid talks bulletins for an age too, they eventually announced they had broken down. I was there for a year and lost a fair bit, I'm of the opinion IPH will probably follow suit.

[markie7] 18/12/2007 10:04

trying to work out if i should close my short or not. have reduced stop loss considerably today - so am basically in for free now.

I expect it will get sold at some point - but may take a while.

[chiva20] 18/12/2007 09:43

Story getting rougher by the day. Glad I'm out, not entirely suprising based on general feedback about the company

[seletvv] 07/12/2007 06:59

Would offer a large premium from where the bid process started though (£1.10), so plausible.

[chiva20] 06/12/2007 09:47

Rumour I heard IPT turned down a £1.70 offer, so presumably any firm bid will be accepted at higher, £1.80, £1.90? Perhaps this gives us some insight into the delay.

Still, can't help but think this only offers a 10% or so max premium on the current price? Downside will take us to £1.00 or lower? Tough odds, any insight from others to break the uncomfortable wall of silence from IPT would be appreciated!