Split it out. Costs should be low and still growing. Should be attractive to a buyer. Leaves you with the Online Marketing bit...what's that worth? Competitive space, ex-growth, debt..etc |
All the focus on Online marketing and it's the boring bit that actually makes the money...
We continue to enhance the revenue and profitability of our Online Presence business, which now contributes a substantial share of our overall profitability and operates under a subscription-based revenue model. |
All those mugs who don't read past the EBITDA smokescreen are deservedly mugged off again.
A bit more thinking, a bit less EBITDA worship, before the beatings will stop. |
I agree bought myself |
This looks over done bought more |
Shine(z) seems to come off.
Ex-growth? |
Any comments on the nine month results |
The IC had a trading update for TIG scheduled for Fri 8th and in the latest issue its scheduled for Mon 11th.
Maybe market spooked by an after hours update that never happened ? |
On the 9th Sep when the announced the current buyback programme they stated they were trading at least in line with market expectations, so the results for the 3 months to end of Sep seem unlikely to be any great surprise. Of course what’s been happening since we may find out tomorrow, but I suspect a hedging element took place on Friday which gathered its own momentum. |
Let's hope not but if we do get a profit warning Monday we won't have such a shock and lost 11% already. |
Suspecting a fall on results day I sold some yesterday, I may not be alone in this approach. |
Not necessarily someone in the know. Could be herding. People thinking someone is in the know and bailing out. Self reenforcing. We'll soon see. |
Fear the shine has gone from Shinez. |
Seems someone in the know has got upfront information regarding Mondays update to the market. Appears that we are going to see a profit warning by the reaction to Friday's share plunge. Oh well, nothing I can do until Monday morning now. Good luck all. I think we will be needing it! |
Well there’s my answer! |
My reading of IHT implications is that :
1. pension relief gone so so no point in leaving pot to grand children. Might as well spend it in preference to ISAs.
2. BPR on Aim reduced to mean that first £1m of qualifying Aim shares held for 2 years at death will pat 20% IHT still worth holding if Nil rate band (up to £1m for a couple)is used up OR gifts made have not passed 7 years.
All in all a massive raid on the assets of people stuck with a modest family home now worth £1m. still need somewhere to live with a spare room for family to visit, too old to move, too expensive to down size, still need £1m capital to provide a 5% above inflation income.
Soon we will all be chucking it in and living off the state. |
Nervousness before results? |
My reading of this is that the £1million will apply only to family businesses, not to AIM shares hence the 'in all circumstances'. Presumably the Finance Bill in due course will clarify. |
But I think the first £ million of AIM assets will be excluded from IHT. Can anyone clarify?
"The government will reform agricultural property relief and business property relief from April 2026. In addition to existing nil-rate bands and exemptions, the 100% rate of relief will continue for the first £1 million of combined agricultural and business assets to help protect family farms and businesses, and will be 50% thereafter. The government will also reduce the rate of business property relief to 50% in all circumstances for shares designated as “not listed” on the markets of a recognised stock exchange, such as AIM. " |
Not quite a damp squib:
"The government will also reduce the rate of business property relief to 50% in all circumstances for shares designated as “not listed” on the markets of a recognised stock exchange, such as AIM. This will affect around 0.3% of estates each year." |
Not specifically AFAICS, it's just that the nightmare scenario re AIM and inheritance tax has turned out to be a completely damp squib. So those who exited are now buying back in (traders will also be doing rather well). |
Did I miss something in the budget that would have a positive effect here? |
 From Master Investor last night.....
"Team Internet Group (LON:TIG) – Just what will the Q3 results show?
On Monday 11th November Michael Riedl and Billy Green will reveal the Third Quarter trading results for this global internet company.
To date I have always liked the fact that it generates recurring revenues from creating meaningful and successful connections: businesses to domains, brands to consumers, publishers to advertisers – but of late its shares have been totally boring and only going downhill.
The only real buyers of the group’s shares have been Director Max Royde on behalf of his Kestrel Partners clients, as well as the company itself.
Royde is a partner of, and holds a beneficial interest in, Kestrel, and is also a shareholder in Kestrel Opportunities and is therefore deemed to have a beneficial interest in Kestrel Opportunities' entire legal holding in the company.
Kestrel Opportunities holds (and consequently he is deemed to have a beneficial interest in) 17,926,535 Shares in the company, and other clients of Kestrel, in which Mr Royde has no beneficial interest hold 49,058,779 shares in the company.
Kestrel indirectly controls 66,985,314 (25.96%) shares.
The group itself is still in a large share buyback programme and at the last count had some 15,762,033 shares held in treasury, out of the total issue of 273,500,000.
The Q3 figures could well show that the group is still moving ahead.
Analysts Bob Liao and Carl Smith at Zeus Capital currently have estimates out for the group to increase its turnover in the year to end-December to $943.0m ($836.9m) with adjusted pre-tax profits of $92.8m ($77.2m), with earnings of 27.4c (22.4c) and paying a 2.2p (2.0p) dividend per share.
For the coming 2025 year they estimate $1,032.4m revenues, $102.6m profits, 30.3c earnings and a dividend of 2.4p per share.
The bigger returns can be hoped for in 2026, with the analysts going for $1,095.5m revenues, a much better margin $120.1m profit, with 35.4c per share earnings but still paying a measly 2.6p dividend.
On the basis of those estimates, medium-term value investors should be piling into Team Internet shares and just forget about them until they double in price.
At the beginning of August this year the group’s shares hit 207.50p, since when they have performed like an absolute dog, falling away quite steeply, with, as I stated earlier, just the company and Kestrel buying the stock.
They closed last night at only 126p, so I am now asking – isn’t this the time to be buying in again?" |
Like all well capped decent AIM companies they are just getting hit ahead of the potential removal of Business Relief in the budget. All these companies are well owned by PIs who want the IHT exemption benefits of holding. If the relief is pulled these (all) these companies will go lower still.The government would be mad to pull it but sadly Labour are clowns. |
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