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Started: Sixtynine, 1 Dec 2020 18:55
Last post: Sixtynine, 1 Dec 2020 18:55
Hopefully the carriage charge can keep going up,
whilst sales plummet!
If not Headoffice at Swindon is under threat from
a cost shaving, George Gillette is ready John.
Your pension must have loads in by now, I’d
call it a day and let someone else pilot CNCT
into terra firma.
Or they could buy a make believe parcel business,
called pass the parcel.
Started: Sixtynine, 1 Dec 2020 18:46
Last post: Sixtynine, 1 Dec 2020 18:46
But not papers and mags, online only I’m afraid!
People over 70 still buy papers, the ones that don’t
have a TV.
Sorry miss- place decimal point should read £2,300,00. Still a fantastic sum for volume traded.
The share price falls .9 of a penny on trades valued at £1837, [of which 66 % are supposed to be buys,] and that knocks off £22,300,000 off the market cap of the company.
Answers please?.
Last post: Bobat123, 14 Oct 2020 00:18
Broker Rating 1 Oct '20
https://www.sharecast.com/equity/Connect_Group/broker-views
27p plus
IN BRIEF: Connect Signs GBP175 Million Deal With Daily Mail Publisher
Tue, 13th Oct 2020 19:08
Connect Group PLC - distributor of newspapers, magazines, books and consumables - News wholesaler unit Smiths News has agreed a new five-year contract with Associated Newspapers, publisher of the Daily Mail, The Mail on Sunday and the i newspaper. The exclusive agreement encompasses all the existing distribution territories, securing annual revenues of about GBP175 million at current market values, accounting for 16% of Connect's sales.
"The company has now secured over 95% of total newspaper and magazine revenues under new long-term contracts until at least 2024, with the remaining revenues within Smiths News largely representing smaller publishers and operating on rolling agreements," Connect added.
Looks like its running towards 27p today
Is it possible this can reach 30p 39p seems to high for current situation but good RNS it can go up prob tomorrow as well...
Year high 39 last October. Can we achieve this?
The Company has now secured over 95% of total newspaper and magazine revenues under new long-term contracts until at least 2024, with the remaining revenues within Smiths News largely representing smaller publishers and operating on rolling agreements.
Commenting on today's announcement, Jonathan Bunting, Chief Executive Officer, said:
' I'm delighted that we have secured a new agreement with Associated Newspapers, completing our goal of renewing all our major contracts. The certainty this brings to our network will underpin our plans for further efficiencies and provides the Company with good visibility of future revenue and cash flow. '
Started: Bobat123, 1 Oct 2020 14:17
Last post: Bobat123, 9 Oct 2020 15:11
Buys after 10.30am this morning not getting printed.
NT to buy but can sell. MMS want the shares
MMS all over the place. Many buys showing as sells today. MMS trying to get some shares on the cheap. Broker Rating over 27p. Dyor.
MMS taking this down to fill orders. Buys getting printed.
Connect Group PLC - Swindon-based newspaper & magazine wholesale distributor - Says trading in Smiths News over the last quarter of the 2020 financial year has been stronger than expected. Trading earnings before interest, taxes, depreciation, and amortisation for the fourth quarter ended August 29 was GBP10 million, with "strong" cash generation. As a result, expects to deliver adjusted Ebitda of GBP38.5 million to GBP39.0 million for full-year, above the top-end of guidance announced in July.
"The run rate performance in adjusted Ebitda in the fourth quarter has continued in September trading, in line with the board's expectations for the year," says Connect.
Excellent £10 mill trading.
In the fourth quarter ending 29 August 2020, trading EBITDA was £10m with strong cash generation. As a result, the Group expects to deliver Adjusted EBITDA (pre-IFRS16 lease adjustment) for FY2020 of £38.5m to £39.0m, above the top-end of the guidance previously announced in July 2020.
Thanks its gone back down to 22p, hopefully it rise again.
Year high 39 last October.
More buys then sells.
Market not woken up to the good RNs.
where are you????
Started: Sixtynine, 9 Sep 2020 08:58
Last post: theyknowitall, 18 Sep 2020 23:29
Looks like a bearish chart and on a down turn with only news reversing it
Apart from that all good!
The only play left having failed and burnt millions at diversification is to re brand as a news and mags wholesaler only and take out Menzies contracts and be last man standing. Not very attractive as little synergy savings apart from HO costs and margin decline from publisher squeeze. Sales falling of a cliff with retail foot fall all time low and buying habits changed for good. Also this is not a growth stick nor yield as no dividend
Yes John, the Tuffnells purchase could have worked,
the management of cnct operate within a business with no competition, and therefore were not qualified to compete in a competitive market.
The managements initial thoughts were to merge depots with cncts and save millions, in addition the flimsy naive tie up with Amazon lost a lot of money,which was abandoned after several years with tiny volume,this was meant to be the company’s saviour!
Started: Sixtynine, 21 Aug 2020 12:48
Last post: johnpwh, 5 Sep 2020 18:13
Just checking. Did this lot by a parcel delivery company a few years back for £100m. then sell it in 2020 for £15m just before the lockdown changed retail for good meaning good future prospects for......parcel delivery companies?
This company’s business and has a lot in common with marriage, created hundreds of years ago and completely irrelevant today.
If it wasn’t for the “brilliant management”wasting the historic profits and destroying all the equity on several failed investments,cnct could have bought something tangible like an ice hotel in the North Africa.
You can do it John!
Whatever you achieve now will be a result, get rid of Swindon, the call centre in India , get the contractors to do their own paperwork,suddenly things will look a lot more profitable.
You can retire with a big pension, and a pocket watch!
Started: mald, 21 Aug 2020 15:26
Last post: theyknowitall, 30 Aug 2020 19:30
They might well be but the 5 year graph tells you all you need to know about this business
I see the disgruntled [ex?] employee is back.
Started: shahpd, 15 Jul 2020 09:15
Last post: shahpd, 15 Jul 2020 09:15
Just checking I haven't heard any news this is increasing since few days slowly any one have idea ... any positive news from the company or anything in media..
Started: shahpd, 10 Jul 2020 10:20
Last post: shahpd, 14 Jul 2020 15:49
Any news for this one .. up by 10%
Anyone have idea its not going past 18p just stuck at same range for last few weeks ...hold on or get out any news anyone
Started: theyknowitall, 7 Jul 2020 17:37
Last post: theyknowitall, 7 Jul 2020 17:37
Interesting with no volume for 3 days the SP ticks up. Obviously all relative as it was £2.20 and down to 11p so only a bad news story. Is there a buyer hoovering up. Now only news and mags in a declining business as the other parts all sold off. Interesting to see how SN , Menzies and publishers play out. Two's a couple and three's a crowd so lets wait and see.
Last post: Sixtynine, 7 Jul 2020 14:44
Cnct profits come from a service charge levied as a percentageof the value of supplied copies of magazines and newspapers, the minimum charge for seven day delivery is about £50, per delivery point ,sales are dropping and will continue to do so.So approximately 85 million per year at £55 per outlet.the business would have closed years ago without it
Started: shahpd, 7 Jul 2020 10:48
Last post: shahpd, 7 Jul 2020 10:48
is there any news about increasing sales as most of the things are open this is not moving much infact good its not gone down... any insights
Started: Sixtynine, 30 Jun 2020 23:28
Last post: Sixtynine, 30 Jun 2020 23:28
Express newspapers before the Mirror owners reach took it over,
we’re going to close the print edition of the Star in 2018, and go online only
the independent went online, the guardian has lost huge amounts of money, being funded by a large
trust fund left to help fund it, the
Mirror titles are loosing between 10 and fifteen percent of sales a year, the sun
a little less.
The abc figures are available for all to see
Started: Sixtynine, 30 Jun 2020 22:58
Last post: Sixtynine, 30 Jun 2020 22:58
Would you invest in a company that sells newspapers and magazines?
The stone tablet and abacus were relevant thousands of years ago but unfortunately
not anymore, Aldi stopped their news and magazine supply last year, I wonder why?
Started: Sixtynine, 29 Jun 2020 08:48
Last post: mitdoow, 30 Jun 2020 13:21
Consumer confidence now lock down nearly over(we hope) sales will go up and so will investor confidence
not out the woods yet so take care everybody
that will be good for people who are holding since long.... on what basis you think that's going to happen though
the sp will reach 23-25p in weeks to come
Yes good progress in a week, the problem is sales, they’ve dropped off a cliff
Spoke to one of their delivery guys and he said he cannot fit all the unsolds in
his van.
Thank god for service charge,(rip off)or their goose will be roasted well before
Christmas!
Started: mald, 29 Jun 2020 15:34
Last post: mald, 29 Jun 2020 15:34
Disgruntled employee ????????????
Started: shahpd, 25 Jun 2020 16:56
Last post: joily123, 25 Jun 2020 18:14
I'd consider 11.5p to 17p in a week to be not too shabby!
This seems to be stuck at 17p or there about, any upside on this how does it look like, anyone with info. ?
Last post: Sixtynine, 16 Jun 2020 12:50
Maybe John can cut the 7 day a week contractors rates again,
and leave the non required people sitting drinking coffee.
More of the same John, your pensions safe, what about the
great idea of a call centre in India, pure genius!
But again not required, there’s plenty of staff drinking coffee
that I’m sure can pick up the phone.
Perhaps you could then turn to reducing the thousands of tonnes of
magazines smiths news send out pointlessly every week!
Each depot could then reduce the number of contractors and packers,it
employs and speed up the whole process, maybe uddin you
can think of some other cost cutting and environmental measures and pass them
over to John?
Just knock on the door opposite??
Started: Sixtynine, 16 Jun 2020 11:28
Last post: Sixtynine, 16 Jun 2020 11:28
I heard yesterday Uddin that TK were offering 90% off certain items,if that’s the sort
of discount you’re looking for?
Started: Uddin179, 11 Jun 2020 21:26
Last post: Uddin179, 16 Jun 2020 09:57
WOW up 25% this should be flying now with new CEO in place.
The declining business can be offset by cost-saving.
Smiths News has been making a profit of 40 - 45 Million each year.
Check the accounts for last 10 years.
£28m Market cap is just crazy ...!
Now that CNCT have sold Tuffnell, they do not have any distraction.
Smiths News is generating good profit each year of about (£40M).
We should see a good return soon.
Some trades are going through nex exchange and I can see that highest price paid today is 13.81.Right now share price is volatile but it will come good.
I can't believe this company is valued at £32m. This company is paying divided and making a profit each year.
£15m sales from Tuffnells ...!
I just purchased a chunk yesterday! I was doing the research on CNCT and not my usual company but highly profitable and management are excellent and have lots of skin in the game which is key to me! I see this as a great prospect over the next 12 months!
It also pays a dividend which may get reinstated at some point in the next 18/24 months.
Great purchase at 13p
Started: Sixtynine, 16 Jun 2020 09:21
Last post: Sixtynine, 16 Jun 2020 09:21
This was the description made by no-one other than Menzies
group,who exited the news distribution part of their business in
July 2018, they previously were the other participant in national news distribution,
the Menzies family still own over 5% of the now aviation services business,
Menzies were involved in newspaper distribution(like smiths news)for over a hundred years, so
knew all the pit falls and exited.
They had previously tried to offload news distribution to DX, a logistics business,
I seem to remember the pensions liability was the sticking point.
Connect group /smiths news have nothing left to offload, except the Swindon
headquarters which would save millions if rationalised,this business is ultra low margin and should be regionally managed via their existing depots.
Maybe they’ll waste millions more,and pay a consultant to implement my suggestions,
I doubt it ,the employees at head office will never make themselves redundant.