breaking out on chart but have not got l2 |
So much for yesterday's little flurry. However it looks like we may have a bottom to the price action. |
 LBG Media brings non board ex-JD Sports CFO Neil Greenhalgh as part of growth push
04 Mar 2025
LBG Media PLC has appointed Neil Greenhalgh, former CFO of JD Sports Fashion PLC as a Strategic Advisor. He brings with him a wealth of experience in scaling high-growth businesses and will play a crucial role in guiding the company’s ambitious expansion plans. Greenhalgh, who played a key role in JD Sports’ rise to the FTSE100, will focus on M&A, investor relations, and expanding international revenues beyond £200m. “LADbible Group has built an incredible brand with a highly engaged global audience of over a billion. I look forward to working with a talented team to help drive global expansion, strengthen financial performance, and seize new opportunities.” said Greenhalgh.
CEO and founder Solly Solomou said: “Neil’s track record in scaling powerhouse brands will be crucial as we continue to embark on our ambitious growth plans at pace. His leadership in business expansion and M&A will help drive our company to new heights. We’re pleased to welcome him to the team.” Greenhalgh joins a number of recent high-profile hires at LADbible Group, including recently appointed Simon Champion, Chief Business Officer, and Victoria Bickle, Managing Director of Client Solutions. |
From Shares Magazine CEO Alexander (Solly) Solomou, David Wilson executive chair and Carol Kane non-executive director of diversified youth publisher LBG Media (LBG:AIM) have all bought shares in the company on 18 February, 17 February and 14 February respectively.Solomou bought 22,209 shares at 112p for a total value of £24,874, Wilson bought 45,192 shares at 110p for a total value of £49,847 and Kane bought 46,844 shares at 107p for a total value of £49,889.Following this purchase, Solomou has a beneficial interest of 87,042,137 shares, representing 41.63% of the issued share capital of the company, with 82,391,080 shares held within Solo Investments Holdings Limited and 4,651,057 shares held in his own name.This move comes after a 21% fall in the company's share price so far this year, the LADbible executives could be capitalising on this share price slump.On 13 February the company announced that the CFO Richard Jarvis was stepping down with immediate effect due to personal reasons.Despite this shock departure, LBG Media reported a positive set of results (on 22 January) with total revenue gaining 22% to £86.2 million for the year ending 30 September |
I don't see any problem here and consider that the recent CFO departure is a complete red herring. Their recent 9 months results, published only 4 weeks ago, were ahead of prior forecasted results, with sales up by 22% EBITDA up 16% and net cash up 72%. At the same time they announced that the CFO was taking some time out for personal reasons and then 3 weeks later stated that he had stepped down and left with immediate effect. He was also thanked and wished well by the company which is not the response that would reflect any financial problems or irregularities. In the past 10 days 3 directors have all purchased shares - Kane 46,844 @106.5p (£circa £50k), Wilson 45192 @110p (circa £50k) and Solomou 22,209 @112p (circa £25k) - collectively investing a further £125k.
The shareprice at the time of the results last month was circa 130p, which had doubled over the preceding 9 months. The 25% drift down in the shareprice reflects some sentiment and some profit taking. I cannot see any negative issues that relate to fundamentals. |
The explanation was that the CFO had resigned with immediate effect for "personal reasons". Maybe there was more to it than the wording indicates though. |
Same here Stewpot. Probably sold and bought again |
Clearly something amiss that the average punter is unaware of. Sorely tempted to bail out as this illogical price action rarely ends well. Be interesting to hear what the Naked Trader says on Thursday as he likes these, so will wait till then. |
Maybe recent weakness not just due to CFO leaving. I can't see any other obvious reason but am reluctant to add to recent buys given the latest drop as I'm maybe missing something here ? |
The reason for only an outside chance is the fact the one Director has a huge controlling share so a takeover can only be done with his blessing, as opposed to mounting a takeover by buying shares on the open market. |
I bought these a while ago before selling at a small profit. I've bought back in again as the optics look quite positive without being over egged.I see a potential for reasonable growth here with an outside chance of this being taken over. |
More director buys today. CEO 22k@112Good upside at these levels IMO, should be throwing off plenty of FCL this year to reinvest |
LBG Media announces that Dave Wilson, Executive Chair, has purchased 45,192 ordinary shares at a price of 110.3p. Following this purchase, Dave Wilson is beneficially interested in 907,759 Shares, representing 0.4% of the issued share capital of the Company. |
Yes good spot. Very happy with my 104 purchase on the CFO leaving, expect a gradual recovery over the coming weeks |
I note that an NXD also took advantage of yesterdays shareprice drop to top up their holding by 48,844 shares (+6.2%) by investing a further £50K @106.5p. |
The departure of the CFO is certainly not indicative of any company problem. The possibility of his departure has existed since it was announced with the FY results last month that he was taking some time off "due to personal reasons, the Company's Chief Financial Officer, Richard Jarvis, is currently taking some time away from the business" and that Chairman Dave Wilson would "move into an executive Chair role, with particular responsibility for the finance and legal teams. My career included 14 years as COO, CFO & Deputy CEO at GB Group plc, before I retired in June 2021." Such a move suggested that the "personal reasons" were significant and that they may result in his subsequent departure which has now been confirmed. He was also publicly thanked by the Board for his contribution which would not be normal if there was any commercial issue or problem involved.
The market, however, is easily spooked so I took the opportunity to top up today. |
Most likely family / illness because he was already on a leave of absence. Call it an educated guess but i have bought some on the dip |
CFO is thanked at least, you don't often see this if they have left the business in a mess. Not long tenure in the role, just shy of 2 years |
This is a bit ott |
Was planned I think |
Director leaving without reason spooked the market ? |
The shareprice has just drifted down by circa 10% over the past month despite the excellent set of results for last year announced just a couple of weeks ago ! |
NT very keen on these and interesting to hear Paul Scott on vox markets talking about LBG. He previously was not a major fan but his co writer just employed by him is keen and rates the shares green |
Let’s hope so! |
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
Hot Features
Premium
