Internet Business Share Discussion Threads

[hirschnathan] 21/6/2007 12:26

68

With a bit more detail
whats performing whats not,
why no trade sale
Why buy back shares
Explain why 2nd half will be stronger
What techonology didnt launch

I am sorry but Maz/broker has a serious problem speaking to the market

[clocktower] 21/6/2007 12:26

might see a few quick shorts covered at around 18p then a further drop I guess.

[jwe] 21/6/2007 12:26

It was amazing that after the announcement the share price didn`t move south for 10 minutes giving some the opportunity to exit at 27p,unfortunately i only got 24.75p,still that looks pretty good now.

[cr4zyness] 21/6/2007 12:24

good luck holders ;)

[atomic dog] 21/6/2007 12:24

Can't understand why they should put out such a weak unnecessary statement unless they want to get the share price down. Perhaps they are planning a management buyout?

[68steve] 21/6/2007 12:24

I think it says quite a lot Hirsch...

[hirschnathan] 21/6/2007 12:22

Another statement that said nothing

What about shareholders pushing for a change?

[spawny100] 21/6/2007 12:22

Yow that's not pretty. Mercifully I sold a couple of days ago as I needed to free some funds for ITM and I chose to sell IBG as their shares had been significantly underperforming.

[clocktower] 21/6/2007 12:21

Still worth selling to buy back in at a much lower level once the news has been fully digested. That could be 10p looking at the fall so far.

[the analyst] 21/6/2007 12:18

Well, was lucky to see the news as soon as it came out and off-loaded what I could until the bid reached 25p. Still have a big holding, but was just looking to increase my cash and to reduce my exposure to risky shares a little.

[clocktower] 21/6/2007 12:15

Yes but in the meantime accept 15p or less a profit warnings tend to come in threes

[stemis] 21/6/2007 12:11

I think the clues were there that that they were not going to sell. In the end the stategic review turned into a bit of a damp squib. They seem to be planning to reinvest any profits into infrastructure, product development and marketing. That is going to depress profitability growth over the next two years.

The key to the share price performance in the medium term will be how well IBG communicate what they are planning/doing to shareholders and the market. Unfortunately its not an area they have particularly excelled at. Maz mentioned the opportunity to grow the business to £100M sales in the next 2-3 years. At this point we don't know whether they are going for that or some watered down version of it.

In terms of share buy backs, clearly they have the funds to make reasonable purchases. Cash at 31.10.06 equates to around 7% of market cap, so in theory they could buy at least that without taking on debt.

As long as I know what they are planning and what the outcome objective is, I've no complaints. This is the outcome I offered support for at the AGM.

Just keep us informed Maz!

[clocktower] 21/6/2007 12:11

To good a shorting oppertunity to miss.15p maybe?

[jwe] 21/6/2007 12:11

I`m out,annoyed that i missed the announcement for 15 mins.24 months of what looks like zero profit growth at best is not good whatever the justification.I feel this will go sub 20p
Good luck if you decide to stay with it

[cr4zyness] 21/6/2007 12:10

ouch hope it holds at 20p

[slapdash] 21/6/2007 12:09

in an area that is supposed to be booming how can they revise down earnings twice and apparently find no trade buyer to Maz's approval...

so I will have to watch and wait... thankfully sold all my holding before...

Slapper

[68steve] 21/6/2007 12:06

Hmmm,rather dissapointing to say the least...

[waynerwayner] 21/6/2007 12:05

Im out, this is going south for quite a while, it will be 12 months+ before this sees 30p again.

[cgequityinvest] 21/6/2007 11:56

Not an inspiring update - this begs a lot of questions. Share buybacks might support price but I am not sure how much cash they will have to execute these.

I still have a sense that Maz will deliver over the longer term so am content to hold what I have.

[slapdash] 21/6/2007 11:52

Oh Dear Weak trading update (second revision down of EPS and forecasts):

However, the board cautions that both turnover and profits in the second half will potentially be lower than previously anticipated by the board due to the delayed launch of new advertising products.

In addition to seeking to create value for shareholders via share-repurchases,
the board have also concluded that over the short and medium term the strategic
focus will be on investing in the operating assets within the Company. This
focus is likely to restrict profit maximisation over the next 24 months,
however, the board believe that this strategic focus will maximise shareholder
value in the medium term.

[68steve] 21/6/2007 09:27

Can now buy 50k@27.48 maybe if IBG change their name to IBG Holdings we might see an upturn...

[muffinhead] 21/6/2007 08:13

very strange

i can buy 5000 at 27.48...and sell at 27.50

[68steve] 20/6/2007 20:11

Testing...