Internet Business Share Discussion Threads

[roverisback] 17/6/2007 10:38

results tomoro

[wilmdav] 17/6/2007 10:31

LB

Thanks. Reactions to the agm will be of interest. I'll do a post-trawl around that time.

SteMiS

Thanks for City Insight summary too. I'll have a good look at it this evening.

[stemis] 17/6/2007 09:13

DOY,

The forecasts can be found in the City Insight's summary:-



I'm away from my notes at the moment so I can't really provide any detailed info.

[stemis] 17/6/2007 09:11

Sorry, Altium used to be called Apax many moons ago. Still forget they've changed their name!

[lord buffett] 17/6/2007 08:19

Wilmdav

I think SteMiS meant Altium, rather than Apax, as I believe he was referring to comments made at the AGM during the question and answer session at the end.

(SteMiS, please correct me if I'm wrong.)

[krakow] 17/6/2007 02:35

paulzyre411, this is certainly a most suitable thread on which to ramp overlooked, niche companies with extraordinary upside potential.

I thought you yanks had no comprehension of irony.

Have a nice day. K.

;-)





























No, really.

[paulzyre411] 17/6/2007 01:53

Maximize returns on your investments by introducing you to companies that exhibit extraordinary upside potential. Many are overlooked and yet have a great niche in the market.
Research and assess the risk then you decide.


Something to consider in todays market!! (exclusively traded in U.S markets)

[wilmdav] 16/6/2007 23:59

Numbercrunchers might like to have a look at the following:



It's an online excercise I do for most of my holdings.

If SteMiS or anyone can provide forecasts for EBIT and EBITDA for 2007 and 2008, I will add them to the valuation sheet.

Also if anyone can provide a link to the Apax comment I'd be grateful - so far unable to find it in back posts.

Only just latched on to this one.

Wilmdav (DoY elsewhere)

[68steve] 16/6/2007 10:09

Previous AGM`s have given interims date but not recent one would expect notice next week but strategic review probably reason for slight delay...

[roverisback] 16/6/2007 09:57

68steve...yes but looking back they don't give notice only for finals

[68steve] 16/6/2007 09:55

Would expect early july given RNS for interims normally gives 2 weeks notice.

[roverisback] 16/6/2007 09:52

any idea when results are out...seem abit delayed

[68steve] 16/6/2007 09:43

Sorry if seems bit OTT but not done much research on IBG lately,look forward to interims/update...

[68steve] 16/6/2007 09:39

Extended 10% commission...

[68steve] 16/6/2007 09:27

Mytravel group giving a whopping 10% commission...

[68steve] 16/6/2007 07:50

Is this flight search Henoo???

[68steve] 16/6/2007 07:45

Not even peak season yet but experiencing best affiliate month to date,average affiliate basket £2,377 and highest affiliate sale at £11,678,very nice...

[aleman] 15/6/2007 22:46

It is good to be wary. I always say that if you are not nervous when you are investing then you are not doing it right. Some of those other companies may get wiped out in a downturn. Operating cashflow for IBG shares last year, this and next is 1.3p, 2.2p and 4.0p showing that reported earnings understate the strength and growth of the company. It makes them look much cheaper than some and hardly likely to fall even if we do have a recession - but I'm still nervous.

[muffinhead] 15/6/2007 19:26

I don't see any bid premium. Just 15* current year eps estimate and PEG of less than 1. Net asset value per share I recall Stemis estimating at ~8p come October.

Its a comfortable hold for me at this level and I may top up after seeing the interims. The sideways trading over the last year has been underpinning the share price value as time goes on.

[stegrego] 15/6/2007 19:00

Yump - its good that you are wary.

If you and everyone else were really bullish, then its time to worry IMO.

A few companies will be on high(ish) PEs or loss making and attract attention, but usually that only lasts a few weeks / months per share and sooner or later the penny drops.

Real companies, making real profits, in general are still cheap IMO.

Or at the very least, not expensive

[yump] 15/6/2007 17:31

I must say, the more insane and illogical the valuation differences get, the more I am tempted to go 80% cash. I have never known a period when rapidly growing companies have had such strangely different valuations. Some are on 10x, some on 30x. With quite a few that have yet to make any profits sitting on silly valuations.

If investors have actually moved much more towards a gambling mentality since 2000, then if we are close to a market top, there's going to be one hell of a bear market (again).

The Dow looks to have broken out from a 3 year range over the last year, so perhaps we're in a new bull market there, as they look forward to an economic recovery (isn't the market supposed to run ahead?). Very unsure about our market - we've had a better rise than the US over the years since 2003, perhaps reflecting our economic stability. Wobbling a bit now though imo.

Or is the doubt already in the market ?

[baheid101] 15/6/2007 16:26

some very heartening comments for long suffering IBG shareholders from Adam Ross,head of clients services at Affiliate Window, one of AF's closest competitors, in a podcast on an affiliate blog



skip to the section at the end on 'The future of the industry in the UK'. Extremely supportive for IBG's investment case. Key points were

(1) UK competition - flood of new networks using undifferentiated 'off the shelf' tracking technology is unsustainable. Comments that it has taken 3 years to build Affiliate Window's strong reputation through a combination of high service levels to affiliates and merchants and technological competence/innovation. Basically a mirror of exactly why Affiliate Future continues to perform so strongly in the UK. This feeds into why he thinks consolidation is likely - companies looking to enter the uk affiliate marketing space in any meaningful way will be faced with these barriers, and are consequently more likely to acquire a leading network rather than launch organically.

(2) Consolidation likely - he is completely bemused why there have not been any mergers or takeovers as yet because prospects for the sector are huge. He said that in his opinion every network had a price, but that is only because the price is likely to be 3-10x what is was last year!!! Also said it unlikely that network owners will simply sell out and retire - because the opportunities ahead are so exciting. Reckoned that networks get at least 1 approach per week! Points to the $900m bid for Tradoubler and that it seems inconceivable that there will not be real interest soon given how 'hot' the sector is - although he acknowledges that he was saying the same a year ago.

[aleman] 15/6/2007 13:49

I bought BLNX a few days ago. I suspect some of you might be interested in this.



Aside from revenue from advertisers, Blinkx is also hoping to generate revenue in two other ways. At the end of this year it plans to launch its own Broadband TV, allowing it to charge video content providers and advertisers for access to viewers – in much the same way as any other commercial TV broadcaster. And it is also planning to launch a 'Transaction Hijacking' service, in 2008. This software can identify the moment when a consumer is on the point of executing an e-commerce transaction. At the point of sale the Transaction Hijacking software compares the terms of the transaction to those available elsewhere on the internet. If it finds a better offer elsewhere it can alert the purchaser, thus 'hijacking' the transaction. Blinkx would expect to receive payment for leads generated in this way.

[niggle] 15/6/2007 13:00

I guess Low Life is profitable and that will be integrated to save costs.