Mecom Share Discussion Threads

[scarymonster] 12/12/2010 10:04

Hi josels, hopefully yes. I try not to check mec very often as it has been rather a disappointment over the last few months.

[josels] 12/12/2010 10:01

this looks as it is going to swing upwards

[josels] 12/12/2010 10:01

this looks as it is going to swing upwards

[josels] 22/10/2010 07:58

I do not have a position at the moment
what will the market do with th "today market updtade", not a clue but I bet the share will go down.
Anyhow I hope I am wrong for the shake of the shareholders
I will not short MEC that would be too much of a gamble at the moment.
Good luck

[sul2] 13/10/2010 20:40

You should all check out KEFI if you want to look at the next rocket.....it has a market cap of £7m and is on the verge of getting licenses to mine 21 mines......in Saudi, each mine with more than 1m ounces of gold. 1 license is expected imminently, 5 in the near future and the rest will follow....this 1 is a tiddler in the making.

License news will surely make this rise by 200%.Long term worth 10000% imho.

KEFI.

Check it. DYOR, Happy money making :)

[scarymonster] 08/10/2010 09:18

Doing rather well at the moment.

Who is still in here and what do we see as good value.

While it has been an interesting journey I would like to get off at some stage as these are in my ISA and I need to protect those funds for the future.

Would quite like to buy some more Afren but it's choosing the right moment to jump.

[scarymonster] 25/9/2010 01:04

From iii by Paliandu

Subject Xcap initaite with 330p price target

I see that Xcap Securities have initiated coverage of MEC with a 330p price target and a Buy recommendation. In summary the recommendation is based on:
* Strong subscriptions: Xcap believe MEC can maintain subscriptions at 1.3-1.4x production costs and see this ratio increasing as digital subscriptions increase
* An expected recovery in advertising
* Stable salary costs as further headcount reduction offsets 2% pay inflation
* Increased use of paywalls by newspapers generally will change attitudes
* MEC trading at a heavy discount to peers whether looked at on a EV/EBITDA or EV/Sales basis. Xcap attribute much of the discount to Montgomery's "ill-timed acquisition spree". Conclusion is that the discount will fade with time following Montgomery's departure.

Xcap project EBITDA growing steadily to €189m by 2013. Over that time they also have positive FCF projections with a large acceleration in FCF in 2013 (partly reflecting neutral working capital assumptions). This gets Xcap to net debt of only €134m by end-2013.

+++++++++++++
I'm not sure that I find the Xcap analysis particularly insightful or the underlying research particularly deep. Also, there is not enough detail in the summary model they present to really guage its effectiveness (it looks a little too optimistic to me regarding FCF). However, they do bring some reasonable data to the table and present this in pretty charts. The bigger positive might simply be the fact that another broker starts to cover the name and the extra publicity/awareness should help the share price over time.

Paliandu

[scarymonster] 24/9/2010 22:50

Cheers for that nellie

[nellie1973] 24/9/2010 14:52

Broker upgrade

[scarymonster] 14/9/2010 19:54

link from lse via iii

Veteran newspaper boss retires, yielding to disgruntled shareholder pressure

[scarymonster] 09/9/2010 13:32

David Montgomery to make 'planned retirement' from Mecom

[scarymonster] 09/9/2010 10:03

from iii by Lucullus

Company Break up



It apperas that the investors want to break the company up and fcus on Netherlands. According to the Guardian.

Reember in the troubled times DM managed to sell parts of this business for 7-8 times EBITDA.

This is why the selling has stopped in the last couple of weeks. Norway denmark and Poland have a turnover of € 800 mill per annum and about 55 mill in EBITDA. Lets say the y get 6 x Ebitda = €300 or about £2,25 a SHARE. Plus we still own Netherlands with EBITDA of €80-90 MILL GOT TO BE WORTH £4.00 a share in this scanario

[scarymonster] 08/8/2010 11:43

Thanks for posting hoper.

[josels] 29/7/2010 07:18

yesterday was selling into strength
i guess market did not like the loss of revenue
looks like the company is not under strain for the next quater
good luck
Unfortunatelly I have been out for a while of this stock

[hoper2] 28/7/2010 07:54

Excellent results - could see this fly a little today.

[scarymonster] 28/7/2010 07:15

Mecom Group plc ('Mecom' or 'the Group') announces its interim financial results for the six months ended 30th June 2010.





HIGHLIGHTS





· Adjusted EBITDA of €70.1 million (2009: €47.4m), well ahead of market expectations

· Adjusted EBITDA margin of 10 per cent, up from 7 per cent in 2009

· Circulation revenue up 2 per cent - subscription performance improves from 2009

· Advertising revenue down 3 per cent

. print advertising decline of 5 per cent but,

. online newspaper advertising up 47 per cent

· Operating costs reduced by 6 per cent

· Timing of advertising recovery uncertain, so costs remain key focus

· Adjusted earnings per share of 14.8 euro cents (2009: loss of 71.5 euro cents)

· Net debt of €354.9 million (30th June 2009: €443.8m; 31st December 2009: €373.4m)

· Gearing (net debt / adjusted EBITDA) reduced to less than 2.5 times

· Good progress towards achieving 2012 targets set in March 2010

[scarymonster] 22/7/2010 16:32

Hello £2 my old frieeeeeend.

Everyone sing along...

[scarymonster] 15/7/2010 16:56

Yes, only a small amount in my isa though (6000 shares).

Was hoping for £5+ at some stage. I like to dream. :)

[pillion] 15/7/2010 11:45

SM -- You still holding ?

[scarymonster] 14/7/2010 22:52

Oh, that does not sound good at all. :/