upward trend to continue.

ranger4

anyone else think we Have seen the end of this weeks sell off with profit taking which i believed would happen, with the upward trend to continue abeit at a slower pace due to lighter trading volumes during may.

eire2009

Bit scary out there at the moment just lucky I got out of INM when I did(although could be looking good for friday and monday). BOI were all over the place to day most graphs didnt show it but they were down to 88 cent a couple of mins after opening people getting out, then up to 1.10 In 2hrs.

ranger4

eire2009 wrote: »

Bit scary out there at the moment just lucky I got out of INM when I did(although could be looking good for friday and monday). BOI were all over the place to day most graphs didnt show it but they were down to 88 cent a couple of mins after opening people getting out, then up to 1.10 In 2hrs.

I think there will be buying with IN&M tommorow and next week with investors hoping to be in for bounce on agreement with bondholders.

ixus

INM is independent media as in the Irish independent right??

What are the future prospects for this company? Where will they generate revenue growth? I'm not talking about short term here, I'm talking medium (2-5 years). I have no criticisms (for a change;)) I 'd genuinely like to know why one should look at adding them to ones portfolio. Enlighten me.

Cheers in advance.

pirelli

ixus wrote: »

INM is independent media as in the Irish independent right??

What are the future prospects for this company? Where will they generate revenue growth? I'm not talking about short term here, I'm talking medium (2-5 years). I have no criticisms (for a change;)) I 'd genuinely like to know why one should look at adding them to ones portfolio. Enlighten me.

Cheers in advance.

Notice of Meeting

Independent News & Media PLC convenes AGM for 12 June 2009

http://www.inmplc.com/investor-relations/news/notice-of-meeting/


Chairman's Address to Shareholders

http://www.inmplc.com/investor-relations/news/apn-news-media-limited3/

Investor Relations
Financial Highlights

http://www.inmplc.com/investor-relations/financial-highlights/

Chairman's Address

Your board and management continue to look at the corporate structure to maximise efficiency and cash
earnings. We recently sold finda.co.nz and banked some meaningful cash from what was a promising,
but ultimately a non-core investment.
Happily in these still-turbulent credit markets, APN continues to receive good support from our funding
partners. We have recently accepted an offer for a new five year, $50 million asset finance facility with the
Commonwealth Bank of Australia (CBA). This will provide greater flexibility in relation to any upcoming
maturities.
APN has strong cash flows, reduced capex, good banking relationships and, with a conservative
approach to dividends, expects to reduce debt in 2009 and 2010. As at the end of April, with the inclusion
of the new CBA facility, APN has in excess of $120 million in cash and undrawn facilities.

ixus

Pirelli, I have no interest in corporate waffle whatsoever.
These guys can/will promise the earth.

Wasn't it Eugene Sheehy who was saying he'd rather die than ask for help from the govt. or something similar?

I'm interested in the fundamentals baby!

https://www.youtube.com/watch?v=j13VEiOC0d8

pirelli

ixus wrote: »

Pirelli, I have no interest in corporate waffle whatsoever.
These guys can/will promise the earth.

Wasn't it Eugene Sheehy who was saying he'd rather die than ask for help from the govt. or something similar?

I'm interested in the fundamentals baby!


Did I quote you sorry. It was for general consumption. My apologies.

While your online can you take a look at this it is resolution in an upcoming AGM for independent papers , my question is are they diluting shares.??

http://www.inmplc.com/investor-relat...ce-of-meeting/

ixus

Have significant alcohomol on me at the moment, but it appears to be a dilution of shares there? I'd be less than happy with that (depending on my investment profile). I truely believe this kind of thing should be broken down to ABC kind of stuff for investors. Why wouldn't a company do this unless they had something to hide?

Initial thoughts anyway.

ranger4

Nice steady rise with in&m, Investors buying in for bounce.:D

eire2009

ixus wrote: »

Have significant alcohomol on me at the moment, but it appears to be a dilution of shares there? I'd be less than happy with that (depending on my investment profile). I truely believe this kind of thing should be broken down to ABC kind of stuff for investors. Why wouldn't a company do this unless they had something to hide?

Initial thoughts anyway.

They have 1.3billion in debt, own most of the advertising in Australia and are trying to hold off creditors till next year starting with one next week.
Operating profit of 200 mill, trying to sell off assets aswell to increase capital

ranger4

eire2009 wrote: »

They have 1.3billion in debt, own most of the advertising in Australia and are trying to hold off creditors till next year starting with one next week.
Operating profit of 200 mill, trying to sell off assets aswell to increase capital

Also have stakes in media in india,uk and many other countries, o,brien and his management team will turn the fortunes of this company around and will be well postioned for upturn in global aconomy.:D

pirelli

ranger4 wrote: »

Also have stakes in media in india,uk and many other countries, o,brien and his management team will turn the fortunes of this company around and will be well postioned for upturn in global aconomy.:D

They have a debt of over 1.2 billion, they have an overdue bond which they have postponed payment of to gather funds, there are 1.2 billion more of these bonds that will be coming due in the future.



http://www.inmplc.com/investor-relat...ce-of-meeting/

.

ranger4

pirelli wrote: »

They have a debt of over 1.2 billion, they have an overdue bond which they have postponed payment of to gather funds, there are 1.2 billion more of these bonds that will be coming due in the future.

Also there is this resolution coming up in a few weeks and appears to be a dilution of shares?

http://www.inmplc.com/investor-relat...ce-of-meeting/

Resolution 5 The nominal value of the ordinary shares of the Company is €0.30 and exceeds the
current market price of the Company’s ordinary shares on the Official List of the Irish Stock Exchange
of €0.27 as at the 5 May 2009 (being the latest practical date prior to the issue of this Circular). An
Irish company is prohibited by law from issuing shares at a price below their nominal value.
Accordingly, in order to facilitate future issues of shares, it is proposed to effect a renominalisation of
the Company’s share capital by way of the subdivision of each issued ordinary share into six shares of
nominal value €0.05 each; the consolidation and redesignation of five of every six such shares into one
deferred share of nominal value €0.25 resulting in each existing issued ordinary share becoming one
ordinary share of €0.05 and one deferred share of €0.25 (“Deferred Shares”) and the existing
authorised and unissued ordinary shares being sub-divided into 6 ordinary shares of €0.05 each.
Resulting ordinary shares of €0.05 will have the same rights as the ordinary shares of €0.30 from
which they derive. Share certificates for existing ordinary shares will remain valid for the same
number of ordinary shares of €0.05 arising. The Deferred Shares will have no voting rights; in effect
no right to a return of capital on a winding up and will not be listed and will in effect be valueless. No
share certificates in respect of the Deferred Shares will be issued. The subdivision and consolidation
does not affect the rights of the holders of ordinary shares.

Not worried about quoted dillution as i am holding for med-long term, o,brien and management team will return this stock to profit.

pirelli

ixus wrote: »

Have significant alcohomol on me at the moment, but it appears to be a dilution of shares there? I'd be less than happy with that (depending on my investment profile). I truely believe this kind of thing should be broken down to ABC kind of stuff for investors. Why wouldn't a company do this unless they had something to hide?

Initial thoughts anyway.

It's not a dilution of share. I am extra extra sorry for asking you, If they were to dilute shares we would know about it. They do not announce these matters typically on AGM but would announce them overall.:(

ranger4

pirelli wrote: »

It's not a dilution of share. I am extra extra sorry for asking you, If they were to dilute shares we would know about it. They do not announce these matters typically on AGM but would announce them overall.:(

Hello Pirelli, so if not a dillution of share what had you spooked to think it was a dillution.

eire2009

ranger4 wrote: »

Not worried about quoted dillution as i am holding for med-long term, o,brien and management team will return this stock to profit.

Id be selling on dips of 5% or more just Incase, Its not the type of company I couldnt relax for the med-term. I sold on tuesday @ 32 cent just before the big dip. Was gona buy up again this morning but I over slept and were 31 cent by the time I had the chance.There up 10% today Id sell on monday evening given the outcome of the day, just in case they dont get that bond sorted.

ranger4

IN&M has persuaded its bondholders to grant a grace period, should be upside from here with sp.:D

pirelli

ranger4 wrote: »

Hello Pirelli, so if not a dillution of share what had you spooked to think it was a dillution.

I had read the AGM and was not sure what it meant so I asked IXUS if it was a dilution. He said that it looked like it was , so the paranoia went from there.

I checked this out and it is not a dilution but merely technicalities that are contained in all AGMS.

So missed a 12 % profit but lesson learned.


P.S Ixus also mentioned he was consuming alcohol. I kind of should listened harder to that part of what he was saying.

ranger4

IN&M agrees grace peroid from bondholders.:D

royaler83

Another extension for IN&M, where is this going to end???
SP down as a result