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TheMutual.Net, Set For A Big Re - Rating (TMN)
goldfinger
- 20 Jan 2005 12:12
The Business Model.
The mutual.net plc, the AIM quoted on-line reward company has developed a website to act as a portal for its members to access around 500 online shopping sites. Themutual.net incentivises shoppers by rewarding them with shares in the Company or with points which are redeemable for cash. themutual.net now has over 1.15 million registered members. This Xmas as seen an explosion in online shopping and all indications are that this one as done very well.
Highlights From Last Interim Results 31st Oct 2004.
Membership grown to over 1.15 million
Over 1 million visitors sent per month to advertisers' websites
Share consolidation completed, cash rewards introduced and share buy-back
programme initiated
Increased revenue by 94% to 1.53 million (6 months to 31 Oct 2003: 0.79m)
Doubled EBITDA to 0.68 million (2003: 0.34 m)
75% increase in pre-tax profit to 0.38 million (2003: 0.22m)
Cash at bank increased to 1.225 million (against 0.919m at April year end 2004.
Director Speak.
Mark Smith, CEO, said: 'This has been a period of good progress for
themutual.net, which saw the company consolidate its position as a major
facilitator of email marketing and online shopping. We are delighted with the
strong growth in our website and email marketing revenues, which has flowed
through to enhance our profitability and balance sheet. With the development of
MutualShop and the substantial continued growth in the online advertising
market, we look forward to the future with confidence.'
Activity During The Period.
During this period we implemented a number of strategies to deal with the
challenges that email marketing faces now and, potentially, in the future.
These included:
* Working closely with ISP's to improve understanding and cooperation with
regard to email delivery;
* Double opt-in registration to ensure the validity and quality of new
members;
* Collection and use of increased targeting data to assist in delivering
mails that are both relevant and effective to our members and our clients;
and
* The introduction of an eCRM program to educate new members and further
encourage existing members to utilise our services.
Outlook Statement From The Chairman.
From our website activity, themutual.net now generates in excess of 1,500,000
of online sales for our website partners each month. We anticipate this will be
greatly enhanced by the introduction of the MutualShop, our new shopping portal
which is due for `soft' launch shortly before Xmas, with a final launch to
include price-comparison shopping and full functionality by the financial year
end. This is the largest overhaul of the website that the company has
undertaken, including a full redesign, and will be further supported by adding
user functionality, allowing better control of their membership and the number
of emails received.
To have managed such internal change while the company continued its
substantial growth in revenue and profitability is a strong achievement and
testament to the scalability of our business model and operations.
We have also begun exploratory analysis of launching a similar product into
France and Germany. We will report on this further at the year end.
Fundies.
In their note of 29th November 2004, Durlacher has forecast 2.2p a share in earnings for 2006, which means that TMN is on a forward PE of just over 14.
The average multiple for the sector is 26, and then there is ASOS on a 2006 PE of around 27. Clearly there is a good argument for TMN to be re-rated.
I notice that Growth Company Investor tipped TMN recently at 30p. Hopefully the next few months will ensure the re-rating will get underway for themutual.net.
Dyor.
cheers Gf.
The mutual.net plc, the AIM quoted on-line reward company has developed a website to act as a portal for its members to access around 500 online shopping sites. Themutual.net incentivises shoppers by rewarding them with shares in the Company or with points which are redeemable for cash. themutual.net now has over 1.15 million registered members. This Xmas as seen an explosion in online shopping and all indications are that this one as done very well.
Highlights From Last Interim Results 31st Oct 2004.
Membership grown to over 1.15 million
Over 1 million visitors sent per month to advertisers' websites
Share consolidation completed, cash rewards introduced and share buy-back
programme initiated
Increased revenue by 94% to 1.53 million (6 months to 31 Oct 2003: 0.79m)
Doubled EBITDA to 0.68 million (2003: 0.34 m)
75% increase in pre-tax profit to 0.38 million (2003: 0.22m)
Cash at bank increased to 1.225 million (against 0.919m at April year end 2004.
Director Speak.
Mark Smith, CEO, said: 'This has been a period of good progress for
themutual.net, which saw the company consolidate its position as a major
facilitator of email marketing and online shopping. We are delighted with the
strong growth in our website and email marketing revenues, which has flowed
through to enhance our profitability and balance sheet. With the development of
MutualShop and the substantial continued growth in the online advertising
market, we look forward to the future with confidence.'
Activity During The Period.
During this period we implemented a number of strategies to deal with the
challenges that email marketing faces now and, potentially, in the future.
These included:
* Working closely with ISP's to improve understanding and cooperation with
regard to email delivery;
* Double opt-in registration to ensure the validity and quality of new
members;
* Collection and use of increased targeting data to assist in delivering
mails that are both relevant and effective to our members and our clients;
and
* The introduction of an eCRM program to educate new members and further
encourage existing members to utilise our services.
Outlook Statement From The Chairman.
From our website activity, themutual.net now generates in excess of 1,500,000
of online sales for our website partners each month. We anticipate this will be
greatly enhanced by the introduction of the MutualShop, our new shopping portal
which is due for `soft' launch shortly before Xmas, with a final launch to
include price-comparison shopping and full functionality by the financial year
end. This is the largest overhaul of the website that the company has
undertaken, including a full redesign, and will be further supported by adding
user functionality, allowing better control of their membership and the number
of emails received.
To have managed such internal change while the company continued its
substantial growth in revenue and profitability is a strong achievement and
testament to the scalability of our business model and operations.
We have also begun exploratory analysis of launching a similar product into
France and Germany. We will report on this further at the year end.
Fundies.
In their note of 29th November 2004, Durlacher has forecast 2.2p a share in earnings for 2006, which means that TMN is on a forward PE of just over 14.
The average multiple for the sector is 26, and then there is ASOS on a 2006 PE of around 27. Clearly there is a good argument for TMN to be re-rated.
I notice that Growth Company Investor tipped TMN recently at 30p. Hopefully the next few months will ensure the re-rating will get underway for themutual.net.
Dyor.
cheers Gf.
goldfinger
- 20 Jan 2005 12:17
- 2 of 88
Chart obviously shows the break up that as occured.
cheers GF.
cheers GF.
hampi_man
- 20 Jan 2005 12:21
- 3 of 88
GF, what will a re-rating mean to the company and its SP???
goldfinger
- 20 Jan 2005 12:24
- 4 of 88
Recently written article from Lemming Investor..............
themutual.net.plc (TMN)
by Edward Kalfayan 1 January 2005
Technical position of the share price chart
During the two months end August to end October the share price of this relatively unnoticed but increasingly profitable, small, internet portal company, which directs buyers to goods and services they are searching for, more than doubled from 15p to 35p, and thus retraced the whole of the previous year's price fall. It has since tracked horizontally in the trading range 28-34p. Currently at 28p the price is on the support line of the upward channel and is oversold, with the chart signalling a double bottom. This could lead to a strong movement between now and the end of January; or at the latest, when confirmed in a trading statement, which last year came on April 20.
At the same time the first reports are coming in from the press of strong on-line shopping over the Christmas and New Year. We are now looking to the next ASOS trading statement (last year Jan 16) to reveal any general sales outperformance for on-line shopping.
What's original?
The company incentivises shoppers to purchase goods and services through its website from over 500 merchants, including John Lewis, Dell, Argos, Amazon and many others of similar global standing, in exchange for trading points and/or shares in the company, as well as for discounts on many of the items bought.
It also stimulates business by sending out every day, on average, one million promotional e-mails, both relevant and effective to members and clients, and does so at practically no cost. All are accompanied by reward opportunities to provide strong reason to receive and react, which sets the company apart from other e-mail marketing providers. Considering the power and cost of advertising, which in this case is free, TMN has created a strong platform for its future growth.
These two elements in the strategy, which distinguish TMN from the likes of Kelkoo and the other shopping portals, have been responsible so far for the meteoric growth of registrations in TMN. But a third element will appear on test by mid-Jan, and be launched in final form by April: Mutual Shop, a web site enhancement, will thereafter provide full price comparison for the goods and services searched. TMN already earns a small commission on all purchases, which will then surely increase.
Comparisons with ASOS (ASC)
The parallels are comforting. I acquired ASOS at 9p last year, and inaugurated coverage for lemming at 7.75p on 16 Jan (until my broker unfortunately persuaded me to take profits after a 66p% rise to 15p). Do you remember the old fashioned broker's claim - now surely no more than an Old Wife's Tale - that it is NEVER wrong to take a profit? ASOS, now 78p, has since been as high as 91p. It is still growing very fast in line with the extension of broadband and the rapid increase in the number of young people who live in an e-world. And so is TMN.
TMN 's cap at 11.5m is today only around the same level as ASOS was twelve months ago, though the ASOS cap has pulled away to 55m as it slowly gained recognition during 2004.
The growth of registrations for TMN is much higher, both as a percentage, and in absolute terms. The TMN portal covers an unlimited range of products AND services whereas ASC, for the moment, only sells actual products, works in a narrower market segment; and limits itself, for the moment, to fashion items. Both have two great growth drivers in common ie the spread of Web literacy, - and the growth of Online Shopping, which has had a record Christmas. Each year online shopping is adopted by an additional raft of young persons blossoming out as new wage earners with a serious spending budget of their own. The market is thus set to grow and grow for decades.
Comparison with Retail Shops
Actual shops are constrained geographically and financially. However brilliant a retail innovation, its growth is handicapped by having to acquire new sites. Competition can usually pop up suddenly, to satisfy a similar demand in other locations. So first mover advantage has only minor value.
Online shopping is very different. A large clientele is quickly accessible through a few established portals. Even a significant share of global population is accessible within five years - quite impossible with physical retail. Note how EBay, Amazon, Dell Computer, Kelkoo have all quickly expanded internationally in the past, and see how Neteller, ITouch, ASOS, and hundreds of other e-businesses with a clear USP are also now able to achieve this, exploiting first mover advantage. A winning electronic trading formula can be extended to another country at very low cost. For electronic winners in their own countries, the world can also be their oyster.
Rapid increase in new users/potential buyers
TMT (End of) FY2003 FY2004 Nov 04
New Registrations - monthly rate 12k 36k 47k
Total registered client base 433k * 822k (89%) 1.15m(40%)
ASC
New registrations - monthly rate 19k 17k
Total registered client base 190k 283k (49%) 422k (49%)
Fifteen months ago, in Sept 2003, the company acquired MutualPoints from GUS, adding 66% to turnover and seemingly reaching critical mass. Since then there has been an accelerating rate of registrations: Organic growth thus made up only a quarter of the 89% growth experienced up to the end of FY 2004. This suggests that the wholly organic 40% growth in the current year to March 2005 reflects acceleration.
One of the most effective third party email databases in the country.
The management works closely with ISP's to improve understanding and cooperation with regard to email delivery. Double opt-in registration ensures the validity and quality of new members. In the Board's opinion, this is one of the most effective third party email databases in the country.
A million visitors are sent to the advertisers on a monthly basis leading to more than 1.5m on-line sales being made through the web site every month.
Vital Statistics
2004 2005 Durlacher
H1 H2 FY H1 H2
Turnover 789k (100%) 1,411 (179%) 2,199 1,535 (195%) 1665 (100%)
Gross Profit 748k (94.8%) 1,263 (89.5%) 2,011(91.45%)1,355(88.3%)
EBITDA 340k 675 1,015 685
Profit BT 219k 431 650 383 1.00m
Cash at bank 511 919 919 1,225
EPS (diluted) 0.56p 1.00p 1.56p 0.54p
Taxation will be levied for the first time, with 140k provided for in the H1 ac/s; whilst eps has marked time. Nevertheless Cash is up strongly by 306k and the company has used a further 87k to buy back 500k of its own shares in the new form ie 1.15%. This has countered any slight dilution of the equity through the reward process, and looks like ongoing policy.
Signs of astute management
On Dec 9, the company invested 120k in QXL to buy just over 1% of the equity (17,403 shares) at 690.46p/share. The quote is now 847p rising sharply, and several bidders are doing their DD. This astute management thus added over 27k (on paper) to the bottom line within three weeks.
'Guesstimates'
Registrations are up by 35% and the rate of increase is accelerating. The Durlacher forecast does not seem to take account of this, and shows only 9% revenue growth over the previous half, and 18% overr the year- impossible to accept. Furthermore last year the company was digesting the huge increase in registrations and turnover brought about by the GUS acquisition. We therefore think that more of this surge will go to the bottom line than last year through economies of scale. Head count increased by only four sales staff when the GUS business was absorbed in September 2003. So we have hopes that the forecast eps will be exceeded.
Currently the consensus forecast is 1.50p, and therefore at 28.5p/share the forward PE is 19, compared with ASC (ASOS - As Seen On Screen) now on a future PE of x 37 times. The two companies are not strictly comparable but both depend on the development of broadband, and the number of registered sites. ASOS however has the additional multiplier of driving up sales by adding buyers to cover new sectors, whereas the TMN driver of adding additional merchants is more passive, and has a weaker effect.
Future Track
Anticipating an increase in online consumer spend and advertising, TMN looks to strengthen its position further as a major facilitator in email marketing and online shopping. To us it looks as though somewhere there is a Critical Mass, and that at a certain level of market share the most impressive shopping portal will become the winner who takes all.
The rise of Google was swift and decisive. What is now left of the other search engines? And TMN has ensured that the route to any product or service through Google also passes close to TMN for anyone to see.
As well as imminently launching the new price-comparison shopping engine, TMN is actively pursuing plans for expansion within Germany and France in Q2/3 of 2005.
In our opinion the share has still to catch the public eye and is therefore a candidate for re-rating. This may happen as the inevitable seasonal surge in turnover is sensed by the market.
themutual.net.plc (TMN)
by Edward Kalfayan 1 January 2005
Technical position of the share price chart
During the two months end August to end October the share price of this relatively unnoticed but increasingly profitable, small, internet portal company, which directs buyers to goods and services they are searching for, more than doubled from 15p to 35p, and thus retraced the whole of the previous year's price fall. It has since tracked horizontally in the trading range 28-34p. Currently at 28p the price is on the support line of the upward channel and is oversold, with the chart signalling a double bottom. This could lead to a strong movement between now and the end of January; or at the latest, when confirmed in a trading statement, which last year came on April 20.
At the same time the first reports are coming in from the press of strong on-line shopping over the Christmas and New Year. We are now looking to the next ASOS trading statement (last year Jan 16) to reveal any general sales outperformance for on-line shopping.
What's original?
The company incentivises shoppers to purchase goods and services through its website from over 500 merchants, including John Lewis, Dell, Argos, Amazon and many others of similar global standing, in exchange for trading points and/or shares in the company, as well as for discounts on many of the items bought.
It also stimulates business by sending out every day, on average, one million promotional e-mails, both relevant and effective to members and clients, and does so at practically no cost. All are accompanied by reward opportunities to provide strong reason to receive and react, which sets the company apart from other e-mail marketing providers. Considering the power and cost of advertising, which in this case is free, TMN has created a strong platform for its future growth.
These two elements in the strategy, which distinguish TMN from the likes of Kelkoo and the other shopping portals, have been responsible so far for the meteoric growth of registrations in TMN. But a third element will appear on test by mid-Jan, and be launched in final form by April: Mutual Shop, a web site enhancement, will thereafter provide full price comparison for the goods and services searched. TMN already earns a small commission on all purchases, which will then surely increase.
Comparisons with ASOS (ASC)
The parallels are comforting. I acquired ASOS at 9p last year, and inaugurated coverage for lemming at 7.75p on 16 Jan (until my broker unfortunately persuaded me to take profits after a 66p% rise to 15p). Do you remember the old fashioned broker's claim - now surely no more than an Old Wife's Tale - that it is NEVER wrong to take a profit? ASOS, now 78p, has since been as high as 91p. It is still growing very fast in line with the extension of broadband and the rapid increase in the number of young people who live in an e-world. And so is TMN.
TMN 's cap at 11.5m is today only around the same level as ASOS was twelve months ago, though the ASOS cap has pulled away to 55m as it slowly gained recognition during 2004.
The growth of registrations for TMN is much higher, both as a percentage, and in absolute terms. The TMN portal covers an unlimited range of products AND services whereas ASC, for the moment, only sells actual products, works in a narrower market segment; and limits itself, for the moment, to fashion items. Both have two great growth drivers in common ie the spread of Web literacy, - and the growth of Online Shopping, which has had a record Christmas. Each year online shopping is adopted by an additional raft of young persons blossoming out as new wage earners with a serious spending budget of their own. The market is thus set to grow and grow for decades.
Comparison with Retail Shops
Actual shops are constrained geographically and financially. However brilliant a retail innovation, its growth is handicapped by having to acquire new sites. Competition can usually pop up suddenly, to satisfy a similar demand in other locations. So first mover advantage has only minor value.
Online shopping is very different. A large clientele is quickly accessible through a few established portals. Even a significant share of global population is accessible within five years - quite impossible with physical retail. Note how EBay, Amazon, Dell Computer, Kelkoo have all quickly expanded internationally in the past, and see how Neteller, ITouch, ASOS, and hundreds of other e-businesses with a clear USP are also now able to achieve this, exploiting first mover advantage. A winning electronic trading formula can be extended to another country at very low cost. For electronic winners in their own countries, the world can also be their oyster.
Rapid increase in new users/potential buyers
TMT (End of) FY2003 FY2004 Nov 04
New Registrations - monthly rate 12k 36k 47k
Total registered client base 433k * 822k (89%) 1.15m(40%)
ASC
New registrations - monthly rate 19k 17k
Total registered client base 190k 283k (49%) 422k (49%)
Fifteen months ago, in Sept 2003, the company acquired MutualPoints from GUS, adding 66% to turnover and seemingly reaching critical mass. Since then there has been an accelerating rate of registrations: Organic growth thus made up only a quarter of the 89% growth experienced up to the end of FY 2004. This suggests that the wholly organic 40% growth in the current year to March 2005 reflects acceleration.
One of the most effective third party email databases in the country.
The management works closely with ISP's to improve understanding and cooperation with regard to email delivery. Double opt-in registration ensures the validity and quality of new members. In the Board's opinion, this is one of the most effective third party email databases in the country.
A million visitors are sent to the advertisers on a monthly basis leading to more than 1.5m on-line sales being made through the web site every month.
Vital Statistics
2004 2005 Durlacher
H1 H2 FY H1 H2
Turnover 789k (100%) 1,411 (179%) 2,199 1,535 (195%) 1665 (100%)
Gross Profit 748k (94.8%) 1,263 (89.5%) 2,011(91.45%)1,355(88.3%)
EBITDA 340k 675 1,015 685
Profit BT 219k 431 650 383 1.00m
Cash at bank 511 919 919 1,225
EPS (diluted) 0.56p 1.00p 1.56p 0.54p
Taxation will be levied for the first time, with 140k provided for in the H1 ac/s; whilst eps has marked time. Nevertheless Cash is up strongly by 306k and the company has used a further 87k to buy back 500k of its own shares in the new form ie 1.15%. This has countered any slight dilution of the equity through the reward process, and looks like ongoing policy.
Signs of astute management
On Dec 9, the company invested 120k in QXL to buy just over 1% of the equity (17,403 shares) at 690.46p/share. The quote is now 847p rising sharply, and several bidders are doing their DD. This astute management thus added over 27k (on paper) to the bottom line within three weeks.
'Guesstimates'
Registrations are up by 35% and the rate of increase is accelerating. The Durlacher forecast does not seem to take account of this, and shows only 9% revenue growth over the previous half, and 18% overr the year- impossible to accept. Furthermore last year the company was digesting the huge increase in registrations and turnover brought about by the GUS acquisition. We therefore think that more of this surge will go to the bottom line than last year through economies of scale. Head count increased by only four sales staff when the GUS business was absorbed in September 2003. So we have hopes that the forecast eps will be exceeded.
Currently the consensus forecast is 1.50p, and therefore at 28.5p/share the forward PE is 19, compared with ASC (ASOS - As Seen On Screen) now on a future PE of x 37 times. The two companies are not strictly comparable but both depend on the development of broadband, and the number of registered sites. ASOS however has the additional multiplier of driving up sales by adding buyers to cover new sectors, whereas the TMN driver of adding additional merchants is more passive, and has a weaker effect.
Future Track
Anticipating an increase in online consumer spend and advertising, TMN looks to strengthen its position further as a major facilitator in email marketing and online shopping. To us it looks as though somewhere there is a Critical Mass, and that at a certain level of market share the most impressive shopping portal will become the winner who takes all.
The rise of Google was swift and decisive. What is now left of the other search engines? And TMN has ensured that the route to any product or service through Google also passes close to TMN for anyone to see.
As well as imminently launching the new price-comparison shopping engine, TMN is actively pursuing plans for expansion within Germany and France in Q2/3 of 2005.
In our opinion the share has still to catch the public eye and is therefore a candidate for re-rating. This may happen as the inevitable seasonal surge in turnover is sensed by the market.
goldfinger
- 20 Jan 2005 12:26
- 5 of 88
Hopefully a move up in the shareprice, but Im not puting any figures on it hampiman, its just onwards and upwards.
cheers GF.
cheers GF.
goldfinger
- 20 Jan 2005 12:55
- 6 of 88
Buyers coming in. If Deal Group Medias Upbeat trading statement is anything to go by today, this ones got BUY written all over it.
cheers GF.
cheers GF.
goldfinger
- 20 Jan 2005 13:21
- 7 of 88
Moving well and trully into the blue now.
cheers GF.
cheers GF.
goldfinger
- 20 Jan 2005 15:21
- 8 of 88
Some nice buys on this one.
cheers GF.
cheers GF.
goldfinger
- 20 Jan 2005 16:30
- 9 of 88
Just ticked up again.
cheers GF.
cheers GF.
mickeyskint
- 20 Jan 2005 16:37
- 10 of 88
GF
You really can pick them. Where did you get this one from. When I first looked at it early on this afternoon I was sceptical, but after reading your posting and a little research this looks like another winner. Well done.
MS
You really can pick them. Where did you get this one from. When I first looked at it early on this afternoon I was sceptical, but after reading your posting and a little research this looks like another winner. Well done.
MS
goldfinger
- 20 Jan 2005 16:41
- 11 of 88
From Evil Knievil, who said it had a superb cash flow. Hwe hasnt bought it yet as he wanted others opinions on it being an internet stock and Ive been trying to get him to buy for most of the day.
cheers GF. Off for a pint now, see ya.
cheers GF. Off for a pint now, see ya.
mickeyskint
- 20 Jan 2005 16:50
- 12 of 88
Have one for me.
LOL
MS
LOL
MS
HUSTLER
- 20 Jan 2005 17:45
- 13 of 88
bought 3 months ago and wondered if i had done the right thing
with such a heavy spread
drifed back but is now moving forward with avengence
forward per of 18 not dirt cheap but plenty of room
for further gains - other plus points
growth 25%
roche 48%
margin 29%
a move above 50p short term is likley
regards HUSTLER
with such a heavy spread
drifed back but is now moving forward with avengence
forward per of 18 not dirt cheap but plenty of room
for further gains - other plus points
growth 25%
roche 48%
margin 29%
a move above 50p short term is likley
regards HUSTLER
goldfinger
- 20 Jan 2005 23:48
- 14 of 88
Superb summing up Hustler.
cheers GF.
cheers GF.
HUSTLER
- 21 Jan 2005 00:45
- 15 of 88
dow and nas comp battered tonight
will watch movement in the morning
and probably ramp up on this one
to take advantage of the markets
regards HUSTLER
will watch movement in the morning
and probably ramp up on this one
to take advantage of the markets
regards HUSTLER
goldfinger
- 21 Jan 2005 11:54
- 16 of 88
Moving up again.
cheers GF.
cheers GF.
goldfinger
- 21 Jan 2005 13:40
- 17 of 88
News Just in Evil Knievil as opened a long position in this one with a maiden stake of 25,000 shares. He says its too lowly rated and is a cash cow.
Very good news then as that should mean the share is pushed on t1ps.com.
cheers GF.
Very good news then as that should mean the share is pushed on t1ps.com.
cheers GF.
hampi_man
- 21 Jan 2005 13:46
- 18 of 88
Hi GF, does slater ring any bells????????
goldfinger
- 21 Jan 2005 14:03
- 19 of 88
Yes its me.
cheers GF.
cheers GF.
HUSTLER
- 21 Jan 2005 14:26
- 20 of 88
hi gf
i am thinking of starting a tip sheet
any advice
regards HUSTLER
i am thinking of starting a tip sheet
any advice
regards HUSTLER
goldfinger
- 21 Jan 2005 15:44
- 21 of 88
Yup invite me to make a guest appearance or a dedicated column each month LOL.
Hustler if you have time could you please send me a PM.
cheers GF.
Hustler if you have time could you please send me a PM.
cheers GF.
HUSTLER
- 21 Jan 2005 17:09
- 22 of 88
will do gf - over the weekend
regards HUSTLER
regards HUSTLER
goldfinger
- 23 Jan 2005 20:53
- 23 of 88
From Todays IMRG update....
e-christmas internet sales soar 20% (17/1/2005)
--------------------------------------------------------------------------------
Online shopping sales sparkled again as usual this Christmas despite significantly weaker retail demand, and in sharp contrast with disappointing high street's results, following what the British Retail Consortium described as "the worst Christmas for retailers in the last decade."
E-retail sales for November and December were up 20% on the previous year's exceptionally high levels, outperforming the high street by a factor of eight. High street sales grew by just 2.5%. Half of the UK population was shopping online this Christmas, spending more than 3 billion, which represented 6.8% of all UK retail sales. Stores without websites paid the price in poorer sales.
The IMRG Index reached an all time high of 1766 in November, just 57 months on from its start point of 100, in April 2000. UK online shopping sales for calendar year 2004 were valued at 14.5 billion.
cheers GF.
e-christmas internet sales soar 20% (17/1/2005)
--------------------------------------------------------------------------------
Online shopping sales sparkled again as usual this Christmas despite significantly weaker retail demand, and in sharp contrast with disappointing high street's results, following what the British Retail Consortium described as "the worst Christmas for retailers in the last decade."
E-retail sales for November and December were up 20% on the previous year's exceptionally high levels, outperforming the high street by a factor of eight. High street sales grew by just 2.5%. Half of the UK population was shopping online this Christmas, spending more than 3 billion, which represented 6.8% of all UK retail sales. Stores without websites paid the price in poorer sales.
The IMRG Index reached an all time high of 1766 in November, just 57 months on from its start point of 100, in April 2000. UK online shopping sales for calendar year 2004 were valued at 14.5 billion.
cheers GF.
goldfinger
- 25 Jan 2005 23:31
- 24 of 88
I told you so..........................
Evil is long of TheMutual.net
Writes his diarist Tom Winnifrith of T1ps.com
Three times a week the UK's most notorious short seller Evil Knievil chats with his faithful diarist (myself, Tom Winnifrith). As a result of our chat, I take full responsibility for writing up the Evil Knievil Diaries, a record of the trades and thoughts of the infamous Bear. What follows are an abridged version of my words in the diary of Evil Knievil from January 21st. The Evil Knievil diaries appear only on www.t1ps.com. Over the past four years the average tip given by Tom Winnifrith, the editor of the site, has outperformed the FTSE All-Share by 36%.
Diary Entry of January 21st 2004.
Margin Calls since last report - 0
Wicked bear rumours received from Lucien & other friendly scoundrels - 4
Amount Gained on the Market Since last report - 25,000 pounds
Amount won from bookmakers since last report - Nil. No bets laid
An enquiry has come in about Celebrity Big Brother. Would I consider being a contestant? The answer of course is no. The idea of not being able to trade is the stuff of nightmares. I am not sure how large the baths are in the Big Brother house but I suspect that they are as small as that provided by my miserable landlord. I am pretty sure that the Big Brother household does not have a decent cellar but I may be wrong, never having watched a programme designed only for the ignorant masses. Moreover, the suggestion that I should spend more than five minutes cooped up with a host of vulgar peasants is almost insulting. It is bad enough having a diarist who joins the great unwashed in attending football matches.
I have closed my short in Planestation (PTG). Somehow this company managed another fund-raising and so will survive. I cannot believe that it will be allowed to blow this cash as it has pissed away previous fundraisings so the downside is not exciting enough to justify keeping the short open. I see that Earthport has got around to paying the 750 pounds it owes to Baltimore, albeit in a tardy fashion. The incident encourages me in the view that Earthport's claims will fail and that Baltimore is therefore worth at least 30 pounds a share.
I see that The Times argues that investors should not sell Countrywide (CWD) because that will allow bears to close out. What complete and utter tripe. The journalist responsible is obviously the sort of ignorant cretin who would feel more at home on The Guardian where the readers are too stupid to realise what drivel is being churned out. Countrywide is financially and operationally highly geared and volumes in the housing market are slumping. Investors should sell because profits are bound to slump and the share price will too. The fact that this enriches prudent bears such as myself is irrelevant, if pleasing. However I would not be looking to close out at anything near the current 340.5p. My target price remains 100p. It is almost tempting to short News International for employing financial illiterates but Mr Murdoch's robust views on the Belgian Mafia (the EU) show that his judgement is essentially sound.
I remain short of Evolution (EVG) despite a robust trading statement. The valuation is just too rich. Rather like the company's senior management whose share option scheme is the most obscene example of getting something for nothing since the last Blair family holiday.
My diarist thinks that I am wrong to do so but I have bought 25,000 shares in Themutual.net (TMN). I see this is a lowly valued cash cow. My diarist says that there are no barriers to entry in TheMutual's sector (sending low grade junk mail with advertising) and that as such returns will at some stage start to diminish greatly and that a low rating is therefore more than justified. But what does he know? Regular readers will know that my mastery of e-commerce is only matched by my in-depth knowledge of the world of biotechnology.
I have sold another 3,000 Google. Ebay's shares slumped 18% on the very mildest of profits warnings, something that smells to me like the onset of a bear market. Bring on the gravy for old Uncle Evil. On its current ludicrous rating, if Google even puts a toe, let alone a foot, wrong, its shares will slump and I shall be there rolling in the money and revelling in my own brilliance. Further evidence of my keen intellect emerged this week as I sold another 20,000 Krispy Kreme on the news that it had appointed a new Chief Executive. I bought them back within 24 hours having made a 120 cents a share. However I retain a 40,000 short position in the shares, the Titanic of the junk food world may have changed its captain but its fate remains unchanged. $3 a share is the target price for Krispy Kreme.
cheers GF.
Evil is long of TheMutual.net
Writes his diarist Tom Winnifrith of T1ps.com
Three times a week the UK's most notorious short seller Evil Knievil chats with his faithful diarist (myself, Tom Winnifrith). As a result of our chat, I take full responsibility for writing up the Evil Knievil Diaries, a record of the trades and thoughts of the infamous Bear. What follows are an abridged version of my words in the diary of Evil Knievil from January 21st. The Evil Knievil diaries appear only on www.t1ps.com. Over the past four years the average tip given by Tom Winnifrith, the editor of the site, has outperformed the FTSE All-Share by 36%.
Diary Entry of January 21st 2004.
Margin Calls since last report - 0
Wicked bear rumours received from Lucien & other friendly scoundrels - 4
Amount Gained on the Market Since last report - 25,000 pounds
Amount won from bookmakers since last report - Nil. No bets laid
An enquiry has come in about Celebrity Big Brother. Would I consider being a contestant? The answer of course is no. The idea of not being able to trade is the stuff of nightmares. I am not sure how large the baths are in the Big Brother house but I suspect that they are as small as that provided by my miserable landlord. I am pretty sure that the Big Brother household does not have a decent cellar but I may be wrong, never having watched a programme designed only for the ignorant masses. Moreover, the suggestion that I should spend more than five minutes cooped up with a host of vulgar peasants is almost insulting. It is bad enough having a diarist who joins the great unwashed in attending football matches.
I have closed my short in Planestation (PTG). Somehow this company managed another fund-raising and so will survive. I cannot believe that it will be allowed to blow this cash as it has pissed away previous fundraisings so the downside is not exciting enough to justify keeping the short open. I see that Earthport has got around to paying the 750 pounds it owes to Baltimore, albeit in a tardy fashion. The incident encourages me in the view that Earthport's claims will fail and that Baltimore is therefore worth at least 30 pounds a share.
I see that The Times argues that investors should not sell Countrywide (CWD) because that will allow bears to close out. What complete and utter tripe. The journalist responsible is obviously the sort of ignorant cretin who would feel more at home on The Guardian where the readers are too stupid to realise what drivel is being churned out. Countrywide is financially and operationally highly geared and volumes in the housing market are slumping. Investors should sell because profits are bound to slump and the share price will too. The fact that this enriches prudent bears such as myself is irrelevant, if pleasing. However I would not be looking to close out at anything near the current 340.5p. My target price remains 100p. It is almost tempting to short News International for employing financial illiterates but Mr Murdoch's robust views on the Belgian Mafia (the EU) show that his judgement is essentially sound.
I remain short of Evolution (EVG) despite a robust trading statement. The valuation is just too rich. Rather like the company's senior management whose share option scheme is the most obscene example of getting something for nothing since the last Blair family holiday.
My diarist thinks that I am wrong to do so but I have bought 25,000 shares in Themutual.net (TMN). I see this is a lowly valued cash cow. My diarist says that there are no barriers to entry in TheMutual's sector (sending low grade junk mail with advertising) and that as such returns will at some stage start to diminish greatly and that a low rating is therefore more than justified. But what does he know? Regular readers will know that my mastery of e-commerce is only matched by my in-depth knowledge of the world of biotechnology.
I have sold another 3,000 Google. Ebay's shares slumped 18% on the very mildest of profits warnings, something that smells to me like the onset of a bear market. Bring on the gravy for old Uncle Evil. On its current ludicrous rating, if Google even puts a toe, let alone a foot, wrong, its shares will slump and I shall be there rolling in the money and revelling in my own brilliance. Further evidence of my keen intellect emerged this week as I sold another 20,000 Krispy Kreme on the news that it had appointed a new Chief Executive. I bought them back within 24 hours having made a 120 cents a share. However I retain a 40,000 short position in the shares, the Titanic of the junk food world may have changed its captain but its fate remains unchanged. $3 a share is the target price for Krispy Kreme.
cheers GF.
Roro - 26 Jan 2005 13:18 - 25 of 88
gf-it is not exactly a ringing endorsement but I presume long positions are unusual for him
goldfinger
- 27 Jan 2005 12:21
- 26 of 88
Well worth picking a few up on the cheap and will do myself.
cheers GF. PS, actually RORO hes got more longs than shorts and as had for the last 20 month. The last one he gave me Caldwell investments went up 419% in less than 6 month.
cheers GF. PS, actually RORO hes got more longs than shorts and as had for the last 20 month. The last one he gave me Caldwell investments went up 419% in less than 6 month.
Roro - 27 Jan 2005 13:16 - 27 of 88
well here's hoping for TMN and the pull back is merely the MM's shaking the tree
mickeyskint
- 27 Jan 2005 16:19
- 28 of 88
GF
What sort of time span are we looking at for these. I don't want to get on board if it's in excess of 6 months. I look for a start in performance normally within 12-14 weeks by which time I want to see 10 to 20%. If not I'm out. 6 months is long term for me unless the share has exceptional potential, then I'll hang on in. What do you think?
MS
What sort of time span are we looking at for these. I don't want to get on board if it's in excess of 6 months. I look for a start in performance normally within 12-14 weeks by which time I want to see 10 to 20%. If not I'm out. 6 months is long term for me unless the share has exceptional potential, then I'll hang on in. What do you think?
MS
goldfinger
- 27 Jan 2005 16:42
- 29 of 88
Look for when results are due Mickey. That should help you. Opened a new position in Western Canadian coal today.
cheers GF.
cheers GF.
zzaxx99
- 27 Jan 2005 17:27
- 30 of 88
Is that a 100:1 split on the chart, or a 100:1 consolidation? If the former, I am rich! I suspect it is the latter...
HUSTLER
- 21 Feb 2005 13:57
- 31 of 88
hi gf
put a few of these away in oct 04
stood still last 4 months break even at present
running out of patience about to pull the plug
whats your view
regards HUSTLER
put a few of these away in oct 04
stood still last 4 months break even at present
running out of patience about to pull the plug
whats your view
regards HUSTLER
goldfinger
- 21 Feb 2005 14:04
- 32 of 88
Get shut, I thought I had posted on here I had got out the same day as the Financial Director sold 2.5% of the company and nearlly all of his holding.
The accountant selling coming up to results, doesnt smell right.
cheers GF.
The accountant selling coming up to results, doesnt smell right.
cheers GF.
HUSTLER
- 21 Feb 2005 18:33
- 33 of 88
thanks for that gf
i was not aware of fd selling stake
checked my source and dosen't show transaction
agree not good if correct
will watch closely
will bail out if any move downward
regards HUSTLER
i was not aware of fd selling stake
checked my source and dosen't show transaction
agree not good if correct
will watch closely
will bail out if any move downward
regards HUSTLER
hawick
- 17 Mar 2005 10:57
- 34 of 88
They are blaming higher than expected software costs, but clearly Xmas didn't do enough to make up the shortfall.
The FD knew what he was doing when he got out.
Taking a hit on the profit warning.
Could have a knock-on for likes of DGM will now watch their results, due later this month, closely.
The FD knew what he was doing when he got out.
Taking a hit on the profit warning.
Could have a knock-on for likes of DGM will now watch their results, due later this month, closely.
Chiva20 - 17 Mar 2005 14:56 - 35 of 88
Well said Hawick - I work in this sector TMN are a small competitor of ours, we've long thought they are going backwards so much so that we barely recognise them as competition any more. The best prospects for shareholders would be if they are bid for, which seems relatively unlikely for the time being. They may turn things around of course but for the immediate future I'd sell.
moneyplus
- 17 Mar 2005 15:28
- 36 of 88
Took my losses on the chin--I'm out! Evil got this one very wrong-he's soon to be proved wrong on NLR. IMHO.
doughboy66
- 11 Oct 2005 19:56
- 37 of 88
Thought it was time for somebody to highlight this share as its the AGM tomorrow.
I currently have a holding in TMN through their reward program and while i probably wouldn`t tell anyone to rush out and buy them i certainly would advise people that shop online to do it through themutual.net.Most people use some kind of reward card whether its a Boots card Tesco`s or Nectar,maybe your old enough to remember how popular Greenshield stamps were? so now that more and more people are shopping online doesn`t it make sense to get rewarded for it.
Rewarding people with shares in TMN gives the membership a loyalty most reward schemes don`t have.We know that the retail sector is going to struggle this Christmas but TMN should still be able to cash in because of growth in online shopping.Your not going to be rewarded a fortune overnight but you can slowly accumulate a holding at no risk to yourself and see what happens in the future.
themutual.net
I currently have a holding in TMN through their reward program and while i probably wouldn`t tell anyone to rush out and buy them i certainly would advise people that shop online to do it through themutual.net.Most people use some kind of reward card whether its a Boots card Tesco`s or Nectar,maybe your old enough to remember how popular Greenshield stamps were? so now that more and more people are shopping online doesn`t it make sense to get rewarded for it.
Rewarding people with shares in TMN gives the membership a loyalty most reward schemes don`t have.We know that the retail sector is going to struggle this Christmas but TMN should still be able to cash in because of growth in online shopping.Your not going to be rewarded a fortune overnight but you can slowly accumulate a holding at no risk to yourself and see what happens in the future.
themutual.net
doughboy66
- 12 Oct 2005 19:49
- 38 of 88
From the AGM today.
Revenue in line with forecasts.
Pre-tax profit for the first 5 months is comfortably ahead of the comparable peroid.
Visitors to website have increased by over 110%
New member acquisition now rising by over 40,000 each month.
Sale of all the companys interest on QXL ricardo plc realising an exceptional after tax profit of over 300,000.
Revenue in line with forecasts.
Pre-tax profit for the first 5 months is comfortably ahead of the comparable peroid.
Visitors to website have increased by over 110%
New member acquisition now rising by over 40,000 each month.
Sale of all the companys interest on QXL ricardo plc realising an exceptional after tax profit of over 300,000.
doughboy66
- 11 Nov 2005 13:07
- 39 of 88
11 November 2005
themutual.net plc
Acquisition & Appointment of Director
themutual.net plc ("TMN"), the online media owner specialising in direct email
marketing and rewarded shopping portals, is pleased to announce the acquisition
of the entire issued share capital of Electronic Direct Response plc ("EDR"),
the email marketing company (the "Acquisition", creating the "Enlarged Group"),
for an initial consideration of £2.0 million in cash and the issue of 7,843,137
new ordinary shares of 0.01p each in TMN ("Initial Consideration Shares").
Highlights
* Creating one of the largest online direct marketing specialists in the UK
* Operating in the rapidly growing online advertising market
* Core services include email sales, advertising planning and buying and
delivery solutions
* Access to over 6.5 million email addresses
* More than 500 advertising clients
* Increased strength and depth of management
* Earnings enhancing
Mark Smith, CEO, said,
"The Acquisition allows us to operate at an entirely new level, offering a full
service solution to our clients and with increased market share in an exciting
and expanding market place, creating one of the UK's largest online direct
marketing specialists. It is expected that the Acquisition will be earnings per
share enhancing in the first year following the completion of the Acquisition.
The two companies bring together hundreds of clients, increased cross-promotion
and sales opportunities and an expanded suite of online advertising products
and services. We look to the future with great enthusiasm."
The initial payment of £2 million will be funded from existing cash resources.
In addition to the initial cash payment and Initial Consideration Shares, the
total consideration includes deferred consideration of £0.6 million ("Deferred
Consideration"), payable in cash in three equal instalments of £200,000 each on
31 May 2006, 31 May 2007 and 31 May 2008. There is also further deferred
consideration, contingent on the future profitability of the Enlarged Group
("Contingent Consideration"), of up to £0.1 million in cash and up to 1,960,785
shares in TMN ("Contingent Shares"). The Contingent Consideration is dependent
on the future profitability of the Enlarged Group for the years ended 30 April
2007 and 30 April 2008 and is payable following publication of the Enlarged
Group's audited annual accounts.
TMN is also granting options exercisable at nominal value ("Options") to key
EDR staff amounting to 196,078 Shares on 31 May 2006 and up to a further
980,392 Shares dependent on the profitability of the Enlarged Group for the
years ended 30 April 2007 and 30 April 2008.
Assuming full issue of the Contingent Shares and full exercise of the Options,
the EDR vendors will own approximately 19.0 per cent. of the share capital of
TMN and the Option holders will own approximately 2.3 per cent. of the share
capital of TMN.
Completion of the Acquisition ("Completion") is conditional upon the
re-registration of EDR as a private limited company and the admission to
trading on AIM of the Initial Consideration Shares. Application for the
admission of the Initial Consideration Shares has been applied for and is
expected to take place on 14 November 2005 (provided that the re-registration
occurs today as expected).
James Morris, the founder of and largest shareholder in EDR who beneficially
owns 45 per cent. of EDR's share capital, has agreed not to dispose of his
Initial Consideration Shares in TMN for a period of at least six months
following Completion and all EDR shareholders with holdings in excess of 1 per
cent. have agreed to an orderly market provision for a period of at least 12
months following Completion. James Morris has also been appointed to the Board
of TMN effective from Completion. Further information regarding James Morris
and his service agreement is included below.
For the year ended 31 March 2005 EDR reported turnover of £3.4 million, gross
profit of £1.1 million and profits before tax of £34,000. For the 6 month
period ended 30 September 2005, un-audited management accounts showed turnover
of £2.9 million, gross profit of £0.9 million and profits before tax of £
288,000.
On Completion EDR is expected to have net assets of at least £0.4 million with
not less than £0.4 million in cash. Any shortfall below this amount will
results in a corresponding equal adjustment to the initial cash consideration.
EDR was established in 2000 to offer full services in email broadcast, sales
and delivery. Acting as a sales house and marketing agency for a number of
established clients, the business also has access to over 5 million names
across its managed and owned databases.
The Enlarged Group now has access to in excess of 6.5 million email addresses
and offers a complete range of high quality online marketing services to its
base of over 500 clients. Core services include email sales for the owned
databases, planning and buying for email based advertisers, delivery solutions
and further focus on the reward programmes, which continue to grow apace, as
the largest online reward sites in the UK.
With the strengthened management, technology and resource at the company's
disposal, the Enlarged Group intends to capitalise on its position as one of
the largest email marketing specialists in the UK by providing a complete
solution for all online marketeers and continue to exploit opportunities in the
rapidly growing online advertising market.
James Morris has agreed to act as an executive director of TMN pursuant to a
service agreement to be entered into on Completion. Under this service
agreement, he will be required to work full time until 31 December 2005 on a
basic salary of £100,000 per annum. From 1 January 2006 to 31 March 2006 he
will be on sabbatical during which time he will receive a basic salary of £
50,000 per annum. Thereafter, James will be required to work an equivalent of
80 business days per annum, subject to holiday entitlement, for a basic salary
of £40,000 per annum. The service agreement may be terminated by either party
giving 6 months' written notice.
The following information is given in respect of the appointment of James
Morris as a director of TMN (with effect from Completion), as required by
Schedule 2 paragraph (g) of the AIM Rules:
Full name:
James Alexander Morris
Age:
36
Current Directorships:
Electronic Direct Response Plc
Mimo Enterprises Ltd
Previous Directorships:
None
No further disclosures are required in relation to James Morris under Schedule
2 paragraph (g) of the AIM rules
Contacts:
themutual.net plc
Mark Smith, Chief Executive
Tel: 020 7440 9310
END
themutual.net PLC
themutual.net plc
Acquisition & Appointment of Director
themutual.net plc ("TMN"), the online media owner specialising in direct email
marketing and rewarded shopping portals, is pleased to announce the acquisition
of the entire issued share capital of Electronic Direct Response plc ("EDR"),
the email marketing company (the "Acquisition", creating the "Enlarged Group"),
for an initial consideration of £2.0 million in cash and the issue of 7,843,137
new ordinary shares of 0.01p each in TMN ("Initial Consideration Shares").
Highlights
* Creating one of the largest online direct marketing specialists in the UK
* Operating in the rapidly growing online advertising market
* Core services include email sales, advertising planning and buying and
delivery solutions
* Access to over 6.5 million email addresses
* More than 500 advertising clients
* Increased strength and depth of management
* Earnings enhancing
Mark Smith, CEO, said,
"The Acquisition allows us to operate at an entirely new level, offering a full
service solution to our clients and with increased market share in an exciting
and expanding market place, creating one of the UK's largest online direct
marketing specialists. It is expected that the Acquisition will be earnings per
share enhancing in the first year following the completion of the Acquisition.
The two companies bring together hundreds of clients, increased cross-promotion
and sales opportunities and an expanded suite of online advertising products
and services. We look to the future with great enthusiasm."
The initial payment of £2 million will be funded from existing cash resources.
In addition to the initial cash payment and Initial Consideration Shares, the
total consideration includes deferred consideration of £0.6 million ("Deferred
Consideration"), payable in cash in three equal instalments of £200,000 each on
31 May 2006, 31 May 2007 and 31 May 2008. There is also further deferred
consideration, contingent on the future profitability of the Enlarged Group
("Contingent Consideration"), of up to £0.1 million in cash and up to 1,960,785
shares in TMN ("Contingent Shares"). The Contingent Consideration is dependent
on the future profitability of the Enlarged Group for the years ended 30 April
2007 and 30 April 2008 and is payable following publication of the Enlarged
Group's audited annual accounts.
TMN is also granting options exercisable at nominal value ("Options") to key
EDR staff amounting to 196,078 Shares on 31 May 2006 and up to a further
980,392 Shares dependent on the profitability of the Enlarged Group for the
years ended 30 April 2007 and 30 April 2008.
Assuming full issue of the Contingent Shares and full exercise of the Options,
the EDR vendors will own approximately 19.0 per cent. of the share capital of
TMN and the Option holders will own approximately 2.3 per cent. of the share
capital of TMN.
Completion of the Acquisition ("Completion") is conditional upon the
re-registration of EDR as a private limited company and the admission to
trading on AIM of the Initial Consideration Shares. Application for the
admission of the Initial Consideration Shares has been applied for and is
expected to take place on 14 November 2005 (provided that the re-registration
occurs today as expected).
James Morris, the founder of and largest shareholder in EDR who beneficially
owns 45 per cent. of EDR's share capital, has agreed not to dispose of his
Initial Consideration Shares in TMN for a period of at least six months
following Completion and all EDR shareholders with holdings in excess of 1 per
cent. have agreed to an orderly market provision for a period of at least 12
months following Completion. James Morris has also been appointed to the Board
of TMN effective from Completion. Further information regarding James Morris
and his service agreement is included below.
For the year ended 31 March 2005 EDR reported turnover of £3.4 million, gross
profit of £1.1 million and profits before tax of £34,000. For the 6 month
period ended 30 September 2005, un-audited management accounts showed turnover
of £2.9 million, gross profit of £0.9 million and profits before tax of £
288,000.
On Completion EDR is expected to have net assets of at least £0.4 million with
not less than £0.4 million in cash. Any shortfall below this amount will
results in a corresponding equal adjustment to the initial cash consideration.
EDR was established in 2000 to offer full services in email broadcast, sales
and delivery. Acting as a sales house and marketing agency for a number of
established clients, the business also has access to over 5 million names
across its managed and owned databases.
The Enlarged Group now has access to in excess of 6.5 million email addresses
and offers a complete range of high quality online marketing services to its
base of over 500 clients. Core services include email sales for the owned
databases, planning and buying for email based advertisers, delivery solutions
and further focus on the reward programmes, which continue to grow apace, as
the largest online reward sites in the UK.
With the strengthened management, technology and resource at the company's
disposal, the Enlarged Group intends to capitalise on its position as one of
the largest email marketing specialists in the UK by providing a complete
solution for all online marketeers and continue to exploit opportunities in the
rapidly growing online advertising market.
James Morris has agreed to act as an executive director of TMN pursuant to a
service agreement to be entered into on Completion. Under this service
agreement, he will be required to work full time until 31 December 2005 on a
basic salary of £100,000 per annum. From 1 January 2006 to 31 March 2006 he
will be on sabbatical during which time he will receive a basic salary of £
50,000 per annum. Thereafter, James will be required to work an equivalent of
80 business days per annum, subject to holiday entitlement, for a basic salary
of £40,000 per annum. The service agreement may be terminated by either party
giving 6 months' written notice.
The following information is given in respect of the appointment of James
Morris as a director of TMN (with effect from Completion), as required by
Schedule 2 paragraph (g) of the AIM Rules:
Full name:
James Alexander Morris
Age:
36
Current Directorships:
Electronic Direct Response Plc
Mimo Enterprises Ltd
Previous Directorships:
None
No further disclosures are required in relation to James Morris under Schedule
2 paragraph (g) of the AIM rules
Contacts:
themutual.net plc
Mark Smith, Chief Executive
Tel: 020 7440 9310
END
themutual.net PLC
dynamicsoul - 11 Nov 2005 22:05 - 40 of 88
goldfinger - 21 Feb 2005 14:04 - 32 of 39
Get shut, I thought I had posted on here I had got out the same day as the Financial Director sold 2.5% of the company and nearlly all of his holding.
The accountant selling coming up to results, doesnt smell right.
cheers GF.
LOL...yeah right...what a ramp at the top that was in Januray mate...
Get shut, I thought I had posted on here I had got out the same day as the Financial Director sold 2.5% of the company and nearlly all of his holding.
The accountant selling coming up to results, doesnt smell right.
cheers GF.
LOL...yeah right...what a ramp at the top that was in Januray mate...
dynamicsoul - 11 Nov 2005 22:06 - 41 of 88
wanna buy a flyer then buy some FIB and get Jam very soon not tomorrow
doughboy66
- 01 Dec 2005 16:01
- 42 of 88
I know no one is really interested in this share and i wouldn`t encourage anyone to buy them but i thought it was worth a mention today on the back of yesterdays decent results and the 11% rise so far today.
Get shopping you really can get something for nothing it may take you a while though.
DB66
Get shopping you really can get something for nothing it may take you a while though.
DB66
doughboy66
- 22 Dec 2005 12:58
- 43 of 88
There has been some quite large volumes going through the last couple of days which have resulted in a decent rise in the SP.
I am not generally a fan of internet stocks but online shopping and advertising is a growth sector and has a long way to go in my opinion,besides these shares were for nothing ! maybe you should give it a go,what have you got to lose?
DB66
I am not generally a fan of internet stocks but online shopping and advertising is a growth sector and has a long way to go in my opinion,besides these shares were for nothing ! maybe you should give it a go,what have you got to lose?
DB66
doughboy66
- 28 Dec 2005 09:24
- 44 of 88
Well it seems they are expanding a quite a pace now.
themutual.net PLC - Acquisition
themutual.net plc
Acquisition of iD Factor Limited
themutual.net plc, ("TMN" or "themutual.net") the online media owner
specialising in direct email marketing and rewarded shopping portals, is
pleased to announce the acquisition of the entire issued share capital of iD
Factor Limited ("IDF"), the online market research services company, for an
initial consideration of £0.13 million, and deferred consideration of up to £
2.86 million depending on the future profitability of IDF (the "Acquisition").
Highlights
* Provides a solid foothold in the rapidly growing online survey market
* Highly complementary with existing group data
* IDF has over 200,000 members available through its panel-based databases
* Strong technology platform & infrastructure for growth
* IDF managing director joins TMN board
* Opportunity to build further research panel from TMN's existing databases
Mark Smith, CEO, said,
"This is a hugely exciting acquisition which opens up opportunities in the
booming online market research sector and, fits neatly with our vision of
making themutual.net a one-stop service for online marketers. We're delighted
to add the expertise and technology of iD Factor to our group and look forward
to applying TMN's additional resources to realize the excellent growth
potential of IDF.
Combined with our recent acquisition of EDR, we feel that the TMN is now at the
forefront of online direct marketing and the addition of IDF further
strengthens our position in a growing marketplace."
The initial payment comprises £30,000 in cash and £100,000 through the issue of
loan notes, the deferred consideration of up to £2.86 million is payable up to
£1,033,334 by way of the issue of additional loan notes and up to £1,826,666
million through the issue to the vendors of new ordinary shares of 0.01p each
in TMN ("Contingent Shares") in four instalments at the prevailing share price.
The number of Contingent Shares to be issued in each instalment is dependent on
the profitability of IDF for the relevant period, being the 6 months ending
30th April 2006 and the years ending 30th April 2007, 2008 and 2009
respectively.
The loan notes to be issued to the Sellers in conjunction with the Acquisition
accrue interest on a day-to-day basis on the notes in issue at the rate of 2%.
The principal amount and accrued interest on a note can be redeemed by the
holder of a note not earlier than one year and not later than three years from
the date of issue of the relevant note.
Jon Gumbrell has been appointed to the Board of TMN effective from Completion.
themutual.net PLC - Acquisition
themutual.net plc
Acquisition of iD Factor Limited
themutual.net plc, ("TMN" or "themutual.net") the online media owner
specialising in direct email marketing and rewarded shopping portals, is
pleased to announce the acquisition of the entire issued share capital of iD
Factor Limited ("IDF"), the online market research services company, for an
initial consideration of £0.13 million, and deferred consideration of up to £
2.86 million depending on the future profitability of IDF (the "Acquisition").
Highlights
* Provides a solid foothold in the rapidly growing online survey market
* Highly complementary with existing group data
* IDF has over 200,000 members available through its panel-based databases
* Strong technology platform & infrastructure for growth
* IDF managing director joins TMN board
* Opportunity to build further research panel from TMN's existing databases
Mark Smith, CEO, said,
"This is a hugely exciting acquisition which opens up opportunities in the
booming online market research sector and, fits neatly with our vision of
making themutual.net a one-stop service for online marketers. We're delighted
to add the expertise and technology of iD Factor to our group and look forward
to applying TMN's additional resources to realize the excellent growth
potential of IDF.
Combined with our recent acquisition of EDR, we feel that the TMN is now at the
forefront of online direct marketing and the addition of IDF further
strengthens our position in a growing marketplace."
The initial payment comprises £30,000 in cash and £100,000 through the issue of
loan notes, the deferred consideration of up to £2.86 million is payable up to
£1,033,334 by way of the issue of additional loan notes and up to £1,826,666
million through the issue to the vendors of new ordinary shares of 0.01p each
in TMN ("Contingent Shares") in four instalments at the prevailing share price.
The number of Contingent Shares to be issued in each instalment is dependent on
the profitability of IDF for the relevant period, being the 6 months ending
30th April 2006 and the years ending 30th April 2007, 2008 and 2009
respectively.
The loan notes to be issued to the Sellers in conjunction with the Acquisition
accrue interest on a day-to-day basis on the notes in issue at the rate of 2%.
The principal amount and accrued interest on a note can be redeemed by the
holder of a note not earlier than one year and not later than three years from
the date of issue of the relevant note.
Jon Gumbrell has been appointed to the Board of TMN effective from Completion.
doughboy66
- 14 Jan 2006 10:49
- 45 of 88
I know there is no interest in TMN but in its defence i have got to say this is my best performing share! Firstly they were free and while i`m still accumulating them albeit slowly,they are steadily rising.
I am well aware that people might have been put off from what has happened to Deal Group Media but i do believe that with their with the increase in online shopping ,shareholder loyalty and the recent acquisitions they are better placed than ever.
I do think its market capital is about right at the moment as we need to see how the recent acquisitions perform,but given the two late buys of 500,000 shares it looks like someone has faith in the future of TMN.
I am well aware that people might have been put off from what has happened to Deal Group Media but i do believe that with their with the increase in online shopping ,shareholder loyalty and the recent acquisitions they are better placed than ever.
I do think its market capital is about right at the moment as we need to see how the recent acquisitions perform,but given the two late buys of 500,000 shares it looks like someone has faith in the future of TMN.
doughboy66
- 16 Jan 2006 17:25
- 46 of 88
Holding(s) in Company
16 January 2006
themutual.net plc ("the Company")
Holding in Company
The Company has today received notification from Foresight Technology VCT plc
("Foresight") that, following a disposal of 500,000 Ordinary Shares of 0.01p
each ("Ordinary Shares") on 13 January 2006, Foresight now has a notifiable
interest in 1,677,302 Ordinary Shares in the Company representing approximately
3.47% of the issued ordinary share capital.
themutual.net plc currently have 48,381,616 Ordinary Shares of 0.01p each in
issue.
Enquiries:
Peter Coveney
Financial Director
themutual.net plc 020 7440 9312
Looks like i was wrong about two late buys on Firday one was a sell,it was listed as unknown on Friday and was so close to the buy price i pressumed it was a buy sorry.
Anyway it still rose to an all time high today.
doughboy66
- 20 Jan 2006 13:05
- 47 of 88
Still ticking up slowly,probably on the news that retail and online shopping sales were well up on last year.
Some large buys going through today.
Some large buys going through today.
doughboy66
- 20 Jan 2006 14:12
- 48 of 88
I`m not trying to ramp this stock or persuade any body to buy this stock ,i just want to find other holders and their opinions.
I will leave the share tipping to others.
Internet shopping reaches 10% of retail sales
Ashley Seager
Friday January 20, 2006
The Guardian
The value of goods sold over the internet rose by 50% this Christmas compared with last year, figures out today show, in a sign of the growing power of the internet in the retail sector.
The figures, from trade body the Interactive Media in Retail Group (IMRG), confirm a prediction the group made before Christmas and show goods worth ?19.2bn were sold through the internet in Britain last year, an increase of 34% over the previous year and up from just ?800m in 2000. Of the ?19.2bn, leisure travel booked over the internet totalled ?2.5bn.
Article continues
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
"We are forecasting that internet sales will rise by another 36% this year to around ?26bn," said IMRG spokesman James Roper, adding that web sales now accounted for about 10% of all retail sales.
Sales over the internet in the 10 weeks to Christmas day were around ?5bn, according to the IMRG, half as much again as the ?3.33bn recorded in the same period of 2004.
The group said, though, that its figures did not yet include music downloads or anything sold on ebay. But they did count things such as air tickets bought from easyjet or Ryanair.
The explosive nature of the recent growth in internet sales, covering everything from supermarket groceries to ticket bookings, has made it hard for statisticians to measure. The IMRG is working with the Office for National Statistics, the Bank of England, Mastercard, Visa and ebay to come up with common definitions.
The ONS said yesterday it was confident it was picking up the vast bulk of internet sales because most were by traditional retailers over their websites. Its figures also include sales through the big web retailers such as Amazon.
It acknowledged, however, that it was struggling to pick up purchases of goods from businesses in other countries, services such as adult entertainment or online gambling - although these were probably showing up as outflows of money in the quarterly balance of payments figures.
As for ebay, it said it treated it as an auction site rather than a retailer. The fees and commissions charged by the website would show up in quarterly GDP data as household spending, while sales by retailers on the site should be captured by its monthly retail sales survey.
But it has not had overall web sales data since 2004, when it recorded ?18.1bn, a rise of 67% from the year before and equivalent to a surprisingly low 2.5% of all household spending, of which retail sales make up about a third. It said that as of July last year, 55% of all UK households had access to the internet, up from 32% five years earlier.
It also said it was expanding the scope of its price collection so that it could feed the prices of goods sold on the internet into its cost of living calculations - a move some economists think could reduce the inflation figures.
I will leave the share tipping to others.
Internet shopping reaches 10% of retail sales
Ashley Seager
Friday January 20, 2006
The Guardian
The value of goods sold over the internet rose by 50% this Christmas compared with last year, figures out today show, in a sign of the growing power of the internet in the retail sector.
The figures, from trade body the Interactive Media in Retail Group (IMRG), confirm a prediction the group made before Christmas and show goods worth ?19.2bn were sold through the internet in Britain last year, an increase of 34% over the previous year and up from just ?800m in 2000. Of the ?19.2bn, leisure travel booked over the internet totalled ?2.5bn.
Article continues
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
"We are forecasting that internet sales will rise by another 36% this year to around ?26bn," said IMRG spokesman James Roper, adding that web sales now accounted for about 10% of all retail sales.
Sales over the internet in the 10 weeks to Christmas day were around ?5bn, according to the IMRG, half as much again as the ?3.33bn recorded in the same period of 2004.
The group said, though, that its figures did not yet include music downloads or anything sold on ebay. But they did count things such as air tickets bought from easyjet or Ryanair.
The explosive nature of the recent growth in internet sales, covering everything from supermarket groceries to ticket bookings, has made it hard for statisticians to measure. The IMRG is working with the Office for National Statistics, the Bank of England, Mastercard, Visa and ebay to come up with common definitions.
The ONS said yesterday it was confident it was picking up the vast bulk of internet sales because most were by traditional retailers over their websites. Its figures also include sales through the big web retailers such as Amazon.
It acknowledged, however, that it was struggling to pick up purchases of goods from businesses in other countries, services such as adult entertainment or online gambling - although these were probably showing up as outflows of money in the quarterly balance of payments figures.
As for ebay, it said it treated it as an auction site rather than a retailer. The fees and commissions charged by the website would show up in quarterly GDP data as household spending, while sales by retailers on the site should be captured by its monthly retail sales survey.
But it has not had overall web sales data since 2004, when it recorded ?18.1bn, a rise of 67% from the year before and equivalent to a surprisingly low 2.5% of all household spending, of which retail sales make up about a third. It said that as of July last year, 55% of all UK households had access to the internet, up from 32% five years earlier.
It also said it was expanding the scope of its price collection so that it could feed the prices of goods sold on the internet into its cost of living calculations - a move some economists think could reduce the inflation figures.
doughboy66
- 02 Feb 2006 12:17
- 49 of 88
Can anyone tell me what they think is going on today with TMN, huge volumes gone through this morning. 7 million shares traded out of 48 million issued and all at about the same time .
doughboy66
- 02 Feb 2006 21:20
- 50 of 88
20% of the share issue traded today.
doughboy66
- 17 Feb 2006 15:24
- 51 of 88
A decent rise in SP today !
Things really must be going well for TMN although look what happened to DGM so be careful.
Things really must be going well for TMN although look what happened to DGM so be careful.
doughboy66
- 20 Feb 2006 11:01
- 52 of 88
Again another good rise so far today,what a great looking chart!
This surely can`t go much higher in the short term? long term yes!
This surely can`t go much higher in the short term? long term yes!
goldfinger
- 20 Feb 2006 11:03
- 53 of 88
Looks like you are doing well here DB. Watch out for the EK e-mail later.
cheers GF.
cheers GF.
doughboy66
- 20 Feb 2006 11:26
- 54 of 88
Cheers GF ,its been a good year so far what with CHP ,CCT and TMN things are looking up.
This investing lark is not so bad after all.
DB66
This investing lark is not so bad after all.
DB66
goldfinger
- 20 Feb 2006 12:07
- 55 of 88
Well done DB, I hope we both can add medical marketing to that list.
cheers GF.
cheers GF.
doughboy66
- 20 Mar 2006 10:06
- 56 of 88
Moving up to a new high .Trading Statement due soon and should be good.
doughboy66
- 21 Mar 2006 16:37
- 57 of 88
Moved up nicely again probably because it was tipped today.
The kiss of death no doubt!
Two momentum buys -
TheMutual.net and Talarius
From Top chartist Zak Mir of Zaks-TA.com
I cannot remember when I registered to receive emails from Themutual.net, but it was years ago and every day since then I have received at least two unwanted emails regarding freebies that I am not interested in, just because they are freebies. But given the way that the share price of the company has been rising in recent times this business model seems to be working, or at least its time has finally come. On charting basis this is said because there has been an ascending price channel in place since the end of 2004. The implication is that the top of this channel now pointing at 92p will be the eventual target. We can be confident of this because the stock has been making steady progress up the support line of the channel now at 53p. Only a weekly close below this line would delay the upside scenario. Only cautious traders would wait for a dip towards the green 10 day moving average at 56p to cool off the overbought RSI before taking the plunge.
The value of investments can go down as well as up. Investing in equities can lose you part or all of your capital. Smaller company shares can be relatively illiquid and thus hard to trade. And that makes such investments more of a high risk than larger company shares.
Zaks-TA.com is owned by t1ps.com Ltd which is authorised and regulated by the FSA and can be contacted at 49 Rivington St, London EC2A 3QB or on 0207 033 9389
The kiss of death no doubt!
Two momentum buys -
TheMutual.net and Talarius
From Top chartist Zak Mir of Zaks-TA.com
I cannot remember when I registered to receive emails from Themutual.net, but it was years ago and every day since then I have received at least two unwanted emails regarding freebies that I am not interested in, just because they are freebies. But given the way that the share price of the company has been rising in recent times this business model seems to be working, or at least its time has finally come. On charting basis this is said because there has been an ascending price channel in place since the end of 2004. The implication is that the top of this channel now pointing at 92p will be the eventual target. We can be confident of this because the stock has been making steady progress up the support line of the channel now at 53p. Only a weekly close below this line would delay the upside scenario. Only cautious traders would wait for a dip towards the green 10 day moving average at 56p to cool off the overbought RSI before taking the plunge.
The value of investments can go down as well as up. Investing in equities can lose you part or all of your capital. Smaller company shares can be relatively illiquid and thus hard to trade. And that makes such investments more of a high risk than larger company shares.
Zaks-TA.com is owned by t1ps.com Ltd which is authorised and regulated by the FSA and can be contacted at 49 Rivington St, London EC2A 3QB or on 0207 033 9389
doughboy66
- 19 Apr 2006 09:41
- 58 of 88
An excellent trading statement,this share constantly beats my expectations.
Trading Statement
themutual.net PLC
19 April 2006
19 April 2006
themutual.net plc
Trading Update
themutual.net plc ("TMN" or the "Group"), the UK's leading online direct
marketing company, is pleased to announce a positive update on trading for the
financial year to 30 April 2006.
Following the two significant acquisitions made towards the end of 2005, the
Company has completed the integration of these businesses and is now structured
in three core divisions focusing on Online Direct Marketing Solutions:
TMN Media - Online direct marketing and rewarded shopping portals.
EDR - Interactive advertising agency
ID Factor - Online market research and fieldwork
All three divisions are benefiting from a number of strong Group synergies and
are operating in the rapidly growing online shopping and advertising sector.
Following the positive outlook reported earlier, trading has remained strong. As
a result, turnover for the financial year ending 30 April 2006 is likely to be
significantly ahead of market expectations with profitability also strong.
Mark Smith, CEO, commented:
"We are absolutely delighted to provide our shareholders with this positive
update. The acquisitions of EDR and ID Factor and the resulting synergies have
transformed our business, with all three divisions of TMN performing above
expectations and the Agency division (EDR) being particularly strong. We are
operating in a rapidly expanding market and look forward to TMN continuing to
deliver strong results."
The Group also announces the appointment of Investec Investment Banking as its
nominated adviser and broker with immediate effect.
The Group expects to report its results to 30 April 2006 at the end of June
2006.
Contacts:
themutual.net plc 0207 440 9312
Mark Smith
Peter Coveney
Investec Investment Banking 0207 597 5000
Erik Anderson
Andrew Craig
Trading Statement
themutual.net PLC
19 April 2006
19 April 2006
themutual.net plc
Trading Update
themutual.net plc ("TMN" or the "Group"), the UK's leading online direct
marketing company, is pleased to announce a positive update on trading for the
financial year to 30 April 2006.
Following the two significant acquisitions made towards the end of 2005, the
Company has completed the integration of these businesses and is now structured
in three core divisions focusing on Online Direct Marketing Solutions:
TMN Media - Online direct marketing and rewarded shopping portals.
EDR - Interactive advertising agency
ID Factor - Online market research and fieldwork
All three divisions are benefiting from a number of strong Group synergies and
are operating in the rapidly growing online shopping and advertising sector.
Following the positive outlook reported earlier, trading has remained strong. As
a result, turnover for the financial year ending 30 April 2006 is likely to be
significantly ahead of market expectations with profitability also strong.
Mark Smith, CEO, commented:
"We are absolutely delighted to provide our shareholders with this positive
update. The acquisitions of EDR and ID Factor and the resulting synergies have
transformed our business, with all three divisions of TMN performing above
expectations and the Agency division (EDR) being particularly strong. We are
operating in a rapidly expanding market and look forward to TMN continuing to
deliver strong results."
The Group also announces the appointment of Investec Investment Banking as its
nominated adviser and broker with immediate effect.
The Group expects to report its results to 30 April 2006 at the end of June
2006.
Contacts:
themutual.net plc 0207 440 9312
Mark Smith
Peter Coveney
Investec Investment Banking 0207 597 5000
Erik Anderson
Andrew Craig
doughboy66
- 19 Apr 2006 17:14
- 59 of 88
Finished the day at a new closing high,i`m sure there is more to come as this is such a growth area and this comment by Mark Smith paints a rosey future "We are
operating in a rapidly expanding market and look forward to TMN continuing to
deliver strong results."
Happy Shopping
DB66
operating in a rapidly expanding market and look forward to TMN continuing to
deliver strong results."
Happy Shopping
DB66
doughboy66
- 20 Apr 2006 12:21
- 60 of 88
Independent:-
Themutual.net
Our view: Buy
Share price: 67.75p (+5.25p)
The online advertising sector is booming. It is growing at between 20 and 30 per cent a year and analysts forecast this trend to continue for years to come. Companies now spend more money on getting their message across using the internet than they do through outdoor advertising and radio.
Themutual.net is among a handful of AIM-listed firms cashing in on this explosive growth. Its trading statement yesterday boast that full-year sales would be ahead of City expectations and with profits also strong. The biggest part of its business focuses on direct online advertising - that is ads to people's inboxes as opposed to the more traditional method of sending them through the post.
Themutual also runs an online advertising agency. This buys online ad space for clients such as big credit card companies in return for a fee. The group bought the business in November for 2m and it has significantly outperformed management expectations since.
Things have not always been so rosy. Themutual started life in 1999 as an online community for people to talk about their hobbies. It struggled and nearly went bust in 2000. Then, in January 2001, it cleverly decided to reinvent itself as an online marketing group and has been profitable in every month since November of that year.
Brokers sharply upgraded their forecasts in the wake of yesterday's statement. Investec Securities expects Themutual to deliver a pre-tax profit of about 1.7m for the year ending 30 April 2006, rising to 3.2m in the following year. At 67.75p this leaves the shares trading at just 14 times 2007 forecast earnings. Buy.
doughboy66
- 21 Apr 2006 13:03
- 61 of 88
Moving up again today on the back of some large trading volumes,this surely is due a retracement?
DB66
DB66
doughboy66
- 23 May 2006 16:36
- 62 of 88
Survived the onslaught of the markets pretty well and some pretty good volumes gone through today.
From recent tading statement
TMN Media - Online direct marketing and rewarded shopping portals.
EDR - Interactive advertising agency
ID Factor - Online market research and fieldwork
All three divisions are benefiting from a number of strong Group synergies and
are operating in the rapidly growing online shopping and advertising sector.
Following the positive outlook reported earlier, trading has remained strong. As
a result, turnover for the financial year ending 30 April 2006 is likely to be
significantly ahead of market expectations with profitability also strong.
The Group expects to report its results to 30 April 2006 at the end of June
2006.
From recent tading statement
TMN Media - Online direct marketing and rewarded shopping portals.
EDR - Interactive advertising agency
ID Factor - Online market research and fieldwork
All three divisions are benefiting from a number of strong Group synergies and
are operating in the rapidly growing online shopping and advertising sector.
Following the positive outlook reported earlier, trading has remained strong. As
a result, turnover for the financial year ending 30 April 2006 is likely to be
significantly ahead of market expectations with profitability also strong.
The Group expects to report its results to 30 April 2006 at the end of June
2006.
doughboy66
- 24 May 2006 09:47
- 63 of 88
Must be good for TMN
The Times May 24, 2006
Shoppers fall for lure of the net
By Neelam Verjee
Britons are turning increasingly to online purchasing and away from the high street
INTERNET shopping now accounts for 10 per cent of all retail sales in the UK, with online purchasing expected to total 30 billion this year, according to new research seen by The Times.
The prediction by Interactive Media In Retail Group (IMRG), which represents e-retailers, comes amid rising confidence in internet shopping and the growing popularity of home broadband connections.
The expected 30 billion of online spending this year represents a 56 per cent increase on the 19.2 billion spent last year. A further 20 billion of nontraditional retail spending online such as on gambling and financial services is also forecast this year.
IMRG also predicts that another 30 billion-worth of conventional high street retailing will be affected by the internet as consumers conduct web-based research or react to information found online.
The group found that 3.6 million was spent on average each hour in online shopping last month, resulting in a total of 2.6 billion for April. In the six years since April 2000, when IMRG began to track online sales, British shoppers have spent more than 64 billion.
IMRG also found that online sales have increased at an average monthly rate of 45 per cent year on year over the past six months up 2,000 per cent on 2000. The body said that it had raised its forecast for growth this year to 40 per cent, up from 36 per cent previously.
The IMRG survey, which canvassed more than 3,900 consumers, found that 52 per cent planned to reduce their high street spending in 2006 as they seek out the convenience of internet shopping. By contrast, the survey found that 44 per cent expected their online shopping to increase in the next 12 months.
James Roper, chief executive of IMRG, said that although Norway, Sweden and Taiwan were the leaders internationally in terms of consumer spending online, the UK was the most advanced nation for the range and innovation of services. With 26,000 different companies trading online (in the UK), there is a huge amount of innovation, he said.
In addition, he said, factors such as the language and legal system, which people tended to trust, had made Britain a more attractive destination for internet shoppers.
Mr Roper said that the findings struck a warning note for retailers who had not adapted to the internet. With nine times as many online consumers intending to increase their spending in 2006 than those who will increase their high-street spend, the impact of poorly co-ordinated web and retail channels could prove costly for retailers.
In terms of sectors, IMRG found that online sales of electrical products increased by 101 per cent last month, year on year, having hit its peak in December last year. Sales of clothing, footwear and accessories, which recorded a record high in November last year, were 33 per cent up in April, compared with the same time last year.
Amazon UK was the most-visited online retailer, the research found, closely followed by the website of Dell, the computer maker. Other British retailers to feature among the top ten included Tesco, the supermarket group, and Argos, the catalogue retailer.
Expedia, the travel agency, came top among travel e-retailers, closely followed by easyJet, the low-cost airline. Online travel retailers constituted the greatest proportion of the sales by sector.
The Times May 24, 2006
Shoppers fall for lure of the net
By Neelam Verjee
Britons are turning increasingly to online purchasing and away from the high street
INTERNET shopping now accounts for 10 per cent of all retail sales in the UK, with online purchasing expected to total 30 billion this year, according to new research seen by The Times.
The prediction by Interactive Media In Retail Group (IMRG), which represents e-retailers, comes amid rising confidence in internet shopping and the growing popularity of home broadband connections.
The expected 30 billion of online spending this year represents a 56 per cent increase on the 19.2 billion spent last year. A further 20 billion of nontraditional retail spending online such as on gambling and financial services is also forecast this year.
IMRG also predicts that another 30 billion-worth of conventional high street retailing will be affected by the internet as consumers conduct web-based research or react to information found online.
The group found that 3.6 million was spent on average each hour in online shopping last month, resulting in a total of 2.6 billion for April. In the six years since April 2000, when IMRG began to track online sales, British shoppers have spent more than 64 billion.
IMRG also found that online sales have increased at an average monthly rate of 45 per cent year on year over the past six months up 2,000 per cent on 2000. The body said that it had raised its forecast for growth this year to 40 per cent, up from 36 per cent previously.
The IMRG survey, which canvassed more than 3,900 consumers, found that 52 per cent planned to reduce their high street spending in 2006 as they seek out the convenience of internet shopping. By contrast, the survey found that 44 per cent expected their online shopping to increase in the next 12 months.
James Roper, chief executive of IMRG, said that although Norway, Sweden and Taiwan were the leaders internationally in terms of consumer spending online, the UK was the most advanced nation for the range and innovation of services. With 26,000 different companies trading online (in the UK), there is a huge amount of innovation, he said.
In addition, he said, factors such as the language and legal system, which people tended to trust, had made Britain a more attractive destination for internet shoppers.
Mr Roper said that the findings struck a warning note for retailers who had not adapted to the internet. With nine times as many online consumers intending to increase their spending in 2006 than those who will increase their high-street spend, the impact of poorly co-ordinated web and retail channels could prove costly for retailers.
In terms of sectors, IMRG found that online sales of electrical products increased by 101 per cent last month, year on year, having hit its peak in December last year. Sales of clothing, footwear and accessories, which recorded a record high in November last year, were 33 per cent up in April, compared with the same time last year.
Amazon UK was the most-visited online retailer, the research found, closely followed by the website of Dell, the computer maker. Other British retailers to feature among the top ten included Tesco, the supermarket group, and Argos, the catalogue retailer.
Expedia, the travel agency, came top among travel e-retailers, closely followed by easyJet, the low-cost airline. Online travel retailers constituted the greatest proportion of the sales by sector.
doughboy66
- 29 Jun 2006 09:36
- 64 of 88
Unloved by you lot but i do understand peoples fear of internet companies .
Ticking up nicely today and results out tomorrow and they should be good so should be due a small tick up tomorrow as well .
Ticking up nicely today and results out tomorrow and they should be good so should be due a small tick up tomorrow as well .
doughboy66
- 30 Jun 2006 11:57
- 65 of 88
Good results but a bit of profit taking today,future growth prospects still look good.
30 June 2006
THEMUTUAL.NET PLC (the "Company")
PRELIMINARY RESULTS
themutual.net announces Preliminary Results for the year ended 30 April 2006.
Highlights:
* Turnover trebles from 3m to 9m
* Operating Profit before tax more than double, from 733,000 to 1.70m
* Exceptional Profit on sale of investment of 439,000
* After tax profits more than trebles from 489,000 to 1.54m
* Earnings per share nearly trebled, from 1.2p to 3.5p
* Cash in Bank 1.2m having spent 2.5m on acquisitions
Mark Smith, CEO said: "TMN's strong performance supports the fact that online
spend is growing rapidly but more importantly that we've adopted the right
strategy to capitalise on this growth. The success of our recent acquisitions,
integration and the recruitment of senior personnel have put us in the best
position to take advantage of the interest in marketing, research and retail
online. With a significant investment in marketing our products, a client list
which includes some of the most well-known brands in the UK and a strategic
focus on increasing our products and services, we look forward to the future
with confidence."
Contacts:
themutual.net plc Tel: 020 7440 9310
Mark Smith, Chief Executive
Peter Coveney, Finance Director
Notes to editors:
themutual.net plc specialises in online marketing. With access to millions of
consumers, it helps many of the UK's leading brands take advantage of the web's
transparency and cost-effectiveness to conduct marketing and research online.
Its 500+ clients include a number of agencies and direct clients such as Dennis
Publishing, MBNA, ASDA, Reuters, Microsoft, Dell, Dixons, Morgan Stanley,
Nestle and EMAP.
themutual.net plc's divisions are leaders in their fields and include:
* TMN Media which owns and manages some of the largest databases of email
addresses in the UK and operates the UK's most popular rewarded shopping
portal,
* EDR, the UK's primary dedicated email advertising agency,
* iD Factor which provides market research companies with online fieldwork
solutions, and
* Enterprise & IT which conceives and develops innovative commercial products
and solutions and exploits synergies across the group's databases and
technology platforms
Listed on AIM since 2000 and based in central London, TMN's turnover for
financial year ending April 30, 2006 was over 9 million and is forecast to
reach 16m by Broker Investec in financial year 2006-7.
www.tmnplc.com
30 June 2006
THEMUTUAL.NET PLC (the "Company")
PRELIMINARY RESULTS
themutual.net announces Preliminary Results for the year ended 30 April 2006.
Highlights:
* Turnover trebles from 3m to 9m
* Operating Profit before tax more than double, from 733,000 to 1.70m
* Exceptional Profit on sale of investment of 439,000
* After tax profits more than trebles from 489,000 to 1.54m
* Earnings per share nearly trebled, from 1.2p to 3.5p
* Cash in Bank 1.2m having spent 2.5m on acquisitions
Mark Smith, CEO said: "TMN's strong performance supports the fact that online
spend is growing rapidly but more importantly that we've adopted the right
strategy to capitalise on this growth. The success of our recent acquisitions,
integration and the recruitment of senior personnel have put us in the best
position to take advantage of the interest in marketing, research and retail
online. With a significant investment in marketing our products, a client list
which includes some of the most well-known brands in the UK and a strategic
focus on increasing our products and services, we look forward to the future
with confidence."
Contacts:
themutual.net plc Tel: 020 7440 9310
Mark Smith, Chief Executive
Peter Coveney, Finance Director
Notes to editors:
themutual.net plc specialises in online marketing. With access to millions of
consumers, it helps many of the UK's leading brands take advantage of the web's
transparency and cost-effectiveness to conduct marketing and research online.
Its 500+ clients include a number of agencies and direct clients such as Dennis
Publishing, MBNA, ASDA, Reuters, Microsoft, Dell, Dixons, Morgan Stanley,
Nestle and EMAP.
themutual.net plc's divisions are leaders in their fields and include:
* TMN Media which owns and manages some of the largest databases of email
addresses in the UK and operates the UK's most popular rewarded shopping
portal,
* EDR, the UK's primary dedicated email advertising agency,
* iD Factor which provides market research companies with online fieldwork
solutions, and
* Enterprise & IT which conceives and develops innovative commercial products
and solutions and exploits synergies across the group's databases and
technology platforms
Listed on AIM since 2000 and based in central London, TMN's turnover for
financial year ending April 30, 2006 was over 9 million and is forecast to
reach 16m by Broker Investec in financial year 2006-7.
www.tmnplc.com
doughboy66
- 19 Jul 2006 14:08
- 66 of 88
The growth of online shopping looks like it will continue.
UK 'Europe's top online shopper'
Shoppers are increasingly happy to miss out on the High Street
The UK has become Europe's biggest online shopping market, overtaking Germany, research firm Mintel has said.
UK shoppers spent 9.79bn euros (6.7bn; $12.2bn) online in 2005, compared with 9.71bn euros in Germany, Mintel said.
Competition between internet providers has lowered the cost of fast broadband services, making it easier for consumers to shop online.
Total internet sales in Europe rose by 51% to 40.2bn euros in 2005. Mintel expects that figure to triple by 2010.
"Mintel is confident that online sales of goods will grow strongly over the next few years as this channel matures," said senior retail analyst Neil Mason.
Mintel said there was plenty of room for growth in online spending, with sales made over the internet making up 2% of total European retail sales.
Companies are expected to benefit as online security becomes tighter and consumers become more comfortable with shopping over the internet. Last month, search giant Google launched an online payments system which aims to compete with auction giant eBay.
UK 'Europe's top online shopper'
Shoppers are increasingly happy to miss out on the High Street
The UK has become Europe's biggest online shopping market, overtaking Germany, research firm Mintel has said.
UK shoppers spent 9.79bn euros (6.7bn; $12.2bn) online in 2005, compared with 9.71bn euros in Germany, Mintel said.
Competition between internet providers has lowered the cost of fast broadband services, making it easier for consumers to shop online.
Total internet sales in Europe rose by 51% to 40.2bn euros in 2005. Mintel expects that figure to triple by 2010.
"Mintel is confident that online sales of goods will grow strongly over the next few years as this channel matures," said senior retail analyst Neil Mason.
Mintel said there was plenty of room for growth in online spending, with sales made over the internet making up 2% of total European retail sales.
Companies are expected to benefit as online security becomes tighter and consumers become more comfortable with shopping over the internet. Last month, search giant Google launched an online payments system which aims to compete with auction giant eBay.
doughboy66
- 16 Nov 2006 19:29
- 67 of 88
Starting to move up again and should break clear of 70p in the run up to interim results which are due 7th Dec.
themutual.net says H1 in line; sees further mkt research ops growth in H2
LONDON (AFX) - Themutual.net PLC said its sees growth in its market research
division ID Factor to continue into the second half as it posted first half
group performance in line with its expectations.
The online direct marketing company said its online division TMN Media has
seen strong organic growth in the first half with significant further growth
potential within the current lists.
Themutual.net said revenue in its market research unit, ID Factor, has more
than doubled since its acquisition in Dec 2005, and further growth is expected
in the second half.
The company added its advertising agency is also growing ahead of its
expectations.
To better reflect the divisional structure, permission will be requested
from shareholders at the next AGM to change the company's name to TMN Group PLC.
Themutual.net plans to report interim results on Dec 7.
newsdesk@afxnews.com
tfn-ban-tsk/lam
themutual.net says H1 in line; sees further mkt research ops growth in H2
LONDON (AFX) - Themutual.net PLC said its sees growth in its market research
division ID Factor to continue into the second half as it posted first half
group performance in line with its expectations.
The online direct marketing company said its online division TMN Media has
seen strong organic growth in the first half with significant further growth
potential within the current lists.
Themutual.net said revenue in its market research unit, ID Factor, has more
than doubled since its acquisition in Dec 2005, and further growth is expected
in the second half.
The company added its advertising agency is also growing ahead of its
expectations.
To better reflect the divisional structure, permission will be requested
from shareholders at the next AGM to change the company's name to TMN Group PLC.
Themutual.net plans to report interim results on Dec 7.
newsdesk@afxnews.com
tfn-ban-tsk/lam
goldfinger
- 17 Nov 2006 00:17
- 68 of 88
Where have you been DB all the lads have been asking?.
doughboy66
- 17 Nov 2006 12:15
- 69 of 88
Hi GF good to hear from you,i have really taken a back seat with share dealing.I have invested mainly in aim shares and although the footsie 100 and 250 have performed well aim shares have been a bit of a dog especially the ones i`m in !!
I suppose i`m disillusioned with the market at the moment as i don`t believe the small private investor gets to play on a level playing field.Hopefully my confidence in the market will return and i will be able to make some money for the family rather than lose it.
It has been a bit of decent start to the day with a couple of my shares going up namely VML and UNG.
Take care and hopefully speak to you again in the not to distant future.
DB66
I suppose i`m disillusioned with the market at the moment as i don`t believe the small private investor gets to play on a level playing field.Hopefully my confidence in the market will return and i will be able to make some money for the family rather than lose it.
It has been a bit of decent start to the day with a couple of my shares going up namely VML and UNG.
Take care and hopefully speak to you again in the not to distant future.
DB66
doughboy66
- 04 Dec 2006 16:48
- 70 of 88
Ticking up slowly but surely,results due Thursday.
maestro - 04 Dec 2006 17:03 - 71 of 88
bought in today...lots more merchants signed up,over 700 now.....Tesco has several sections
doughboy66
- 05 Dec 2006 19:40
- 72 of 88
Nice to see someone else on this thread for a change.No fireworks before results but a nice gradual tick up again today.I`m sure as usual with most stocks this could fall back a little after results,time will tell.
doughboy66
- 07 Dec 2006 10:23
- 73 of 88
Good set of results but still not being noticed for some reason?
Date: 07 December 2006
On behalf of: TMN Group plc ("TMN" or "the Company")
TMN Group plc
* Interim Results
The Board of TMN Group plc (AIM: TMN), the UK's premier online direct marketing
group, is pleased to announce its interim results for the six months ended 31
October 2006. The highlights are:
Financial
* Revenue up 350% to 8.0m (2005: 1.8m)
* Operating Profit up 190% to 1.4m (2005: 0.5m)
* Headline earnings per share up 185% to 2.4p (2005: 0.8p)
Operational
* Acquisitions of EDR and ID Factor now fully integrated
* Key client wins for EDR, in finance, automotive and retail sectors
* 41 supply partnership gains across the globe for ID Factor
* New technology and product launches, including new lead generation system
www.plum-offers.com
* Change of company name from themutual.net to TMN Group plc, to better
reflect the divisional structure of the group
Commenting on the results, Mark Smith, CEO said:
"Both the ongoing growth of the internet advertising market and the increased
usage by consumers of the internet are key drivers in our continuing success."
"We have experienced solid growth all round, very much in line with our
expectations, while we are equally delighted with the progress of our new
products, notably our lead generation technology, "Lead It", seen via
www.plum-offers.com."
"With further launches on the horizon along with continued strong growth for
our core divisions, we remain extremely upbeat about the prospects for the full
year."
- ends -
Date: 07 December 2006
On behalf of: TMN Group plc ("TMN" or "the Company")
TMN Group plc
* Interim Results
The Board of TMN Group plc (AIM: TMN), the UK's premier online direct marketing
group, is pleased to announce its interim results for the six months ended 31
October 2006. The highlights are:
Financial
* Revenue up 350% to 8.0m (2005: 1.8m)
* Operating Profit up 190% to 1.4m (2005: 0.5m)
* Headline earnings per share up 185% to 2.4p (2005: 0.8p)
Operational
* Acquisitions of EDR and ID Factor now fully integrated
* Key client wins for EDR, in finance, automotive and retail sectors
* 41 supply partnership gains across the globe for ID Factor
* New technology and product launches, including new lead generation system
www.plum-offers.com
* Change of company name from themutual.net to TMN Group plc, to better
reflect the divisional structure of the group
Commenting on the results, Mark Smith, CEO said:
"Both the ongoing growth of the internet advertising market and the increased
usage by consumers of the internet are key drivers in our continuing success."
"We have experienced solid growth all round, very much in line with our
expectations, while we are equally delighted with the progress of our new
products, notably our lead generation technology, "Lead It", seen via
www.plum-offers.com."
"With further launches on the horizon along with continued strong growth for
our core divisions, we remain extremely upbeat about the prospects for the full
year."
- ends -
doughboy66
- 07 Dec 2006 16:37
- 74 of 88
Tmn Transaction in Own Shares
TMN Group plc
7 December 2006
TMN Group plc ("the Company")
TMN Group plc announces that the 1,169,498 shares of 0.01p each in TMN Group
plc arising from fractional entitlements under the consolidation of the
Company's issued share capital have been purchased by the Company for
cancellation at a price of 73p per share.
Following the cancellation, TMN Group plc will have 49,732,694 ordinary shares
of 0.01p each in issue.
Enquiries:
Peter Coveney
Financial Director
020 7440 9312
maestro - 07 Dec 2006 17:07 - 75 of 88
should move up tomoro when the broker boys wake up
doughboy66
- 08 Dec 2006 14:02
- 76 of 88
A nice 10% holding now
Tmn Holding(s) in Company
NOTIFICATION OF MAJOR INTERESTS IN SHARES
1. Name of listed company
TMN Group plc
2. Name of shareholder with a major interest
Merrill Lynch & Co., Inc
3. Please state whether notification indicates that it is regarding the holding
of the shareholder named in 2 above; or in respect of a non-beneficial
interest; or in the case of an individual holder if it is a holding of that
person's spouse or children under the age of 18
As above
4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them
Merrill Lynch & Co., Inc 2,042,900
BlackRock Inc. (an asset management company in which Merrill 2,880,882
Lynch & Co., Inc owns 49.8% of the common stock)
4,923,782
Aggregated total
5. Number of shares / amount of stock acquired
N/A
6. Percentage of issued class (any treasury shares held by the listed company
should not be taken into account when calculating percentage)
N/A
7. Number of shares / amount of stock disposed
N/A
8. Percentage of issued class (any treasury shares held by the listed company
should not be taken into account when calculating percentage)
N/A
9. Class of security
Ordinary shares of 0.01p
10. Date of transaction
N/A
11. Date listed company informed
7 December 2006
12. Total holding following this notification
4,923,782
13. Total percentage holding of issued class following this notification (any
treasury shares held by the listed company should not be taken into account
when calculating percentage)
10%
14. Any additional information
15. Name of contact and telephone number for queries
Peter Coveney
020 7440 9310
Tmn Holding(s) in Company
NOTIFICATION OF MAJOR INTERESTS IN SHARES
1. Name of listed company
TMN Group plc
2. Name of shareholder with a major interest
Merrill Lynch & Co., Inc
3. Please state whether notification indicates that it is regarding the holding
of the shareholder named in 2 above; or in respect of a non-beneficial
interest; or in the case of an individual holder if it is a holding of that
person's spouse or children under the age of 18
As above
4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them
Merrill Lynch & Co., Inc 2,042,900
BlackRock Inc. (an asset management company in which Merrill 2,880,882
Lynch & Co., Inc owns 49.8% of the common stock)
4,923,782
Aggregated total
5. Number of shares / amount of stock acquired
N/A
6. Percentage of issued class (any treasury shares held by the listed company
should not be taken into account when calculating percentage)
N/A
7. Number of shares / amount of stock disposed
N/A
8. Percentage of issued class (any treasury shares held by the listed company
should not be taken into account when calculating percentage)
N/A
9. Class of security
Ordinary shares of 0.01p
10. Date of transaction
N/A
11. Date listed company informed
7 December 2006
12. Total holding following this notification
4,923,782
13. Total percentage holding of issued class following this notification (any
treasury shares held by the listed company should not be taken into account
when calculating percentage)
10%
14. Any additional information
15. Name of contact and telephone number for queries
Peter Coveney
020 7440 9310
doughboy66
- 11 Dec 2006 12:40
- 77 of 88
Breaking out today to new highs.
I`m amazed at the lack of interest this gets given its performance over the last year?
I`m amazed at the lack of interest this gets given its performance over the last year?
maestro - 11 Dec 2006 20:23 - 78 of 88
yes people seem oblivious to this share...right little internet gem
doughboy66
- 13 Dec 2006 16:55
- 79 of 88
Another financial institution taking a stake in TMN.
NOTIFICATION OF MAJOR INTERESTS IN SHARES
1. Name of listed company
TMN Group plc
2. Name of shareholder with a major interest
Man Financial Limited
3. Please state whether notification indicates that it is regarding the holding
of the shareholder named in 2 above; or in respect of a non-beneficial
interest; or in the case of an individual holder if it is a holding of that
person's spouse or children under the age of 18
As above
4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them
Man Financial Limited 1,997,995
5. Number of shares / amount of stock acquired
N/A
6. Percentage of issued class (any treasury shares held by the listed company
should not be taken into account when calculating percentage)
N/A
7. Number of shares / amount of stock disposed
N/A
8. Percentage of issued class (any treasury shares held by the listed company
should not be taken into account when calculating percentage)
N/A
9. Class of security
Ordinary shares of 0.01p
10. Date of transaction
N/A
11. Date listed company informed
12 December 2006
12. Total holding following this notification
1,997,995
13. Total percentage holding of issued class following this notification (any
treasury shares held by the listed company should not be taken into account
when calculating percentage)
4.02%
14. Any additional information
NOTIFICATION OF MAJOR INTERESTS IN SHARES
1. Name of listed company
TMN Group plc
2. Name of shareholder with a major interest
Man Financial Limited
3. Please state whether notification indicates that it is regarding the holding
of the shareholder named in 2 above; or in respect of a non-beneficial
interest; or in the case of an individual holder if it is a holding of that
person's spouse or children under the age of 18
As above
4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them
Man Financial Limited 1,997,995
5. Number of shares / amount of stock acquired
N/A
6. Percentage of issued class (any treasury shares held by the listed company
should not be taken into account when calculating percentage)
N/A
7. Number of shares / amount of stock disposed
N/A
8. Percentage of issued class (any treasury shares held by the listed company
should not be taken into account when calculating percentage)
N/A
9. Class of security
Ordinary shares of 0.01p
10. Date of transaction
N/A
11. Date listed company informed
12 December 2006
12. Total holding following this notification
1,997,995
13. Total percentage holding of issued class following this notification (any
treasury shares held by the listed company should not be taken into account
when calculating percentage)
4.02%
14. Any additional information
doughboy66
- 03 Jan 2007 09:24
- 80 of 88
Happy New Year to anyone that reads this thread especially goldfinger who started this thread.
A very good start to the year! Going on fundementals i would of thought this is almost fully valued at present but you never can tell with stocks.
A very good start to the year! Going on fundementals i would of thought this is almost fully valued at present but you never can tell with stocks.
doughboy66
- 18 Jan 2007 10:24
- 81 of 88
doughboy66
- 18 Jan 2007 10:24
- 82 of 88
Got something right for a change!
doughboy66
- 22 Jan 2007 14:34
- 83 of 88
Tmn Holding(s) in Company
TMN Group plc ("the Company")Notification of major interests in sharesTMN Group plc announces that it received notification from Schroder Investment
Management Ltd that, as at 20 January 2007, it had a notifiable interest in
2,499,992 Ordinary Shares of 0.01p each in the Company, representing
approximately 5.03% of the issued Ordinary Share Capital. The shares are held
in portfolios managed by Schroder Investment Management Limited on a
discretionary basis for clients under investment management agreements.
Enquiries:Peter CoveneyFinancial Director020 7440 9312END
doughboy66
- 17 Jul 2007 10:48
- 84 of 88
Good results.
Tmn Final Results
Date: 17 July 2007On behalf of: TMN Group plc ("TMN" or "the Company")Embargoed until: 0700hrsTMN Group plc * Preliminary Results
TMN Group plc (AIM: TMN), the UK's premier online direct marketing group, is
pleased to announce its preliminary results for the year ended 30 April 2007.The highlights are:Financial * Revenue increased by 79% to 16.1 million (2006: 9.0 million)
* Operating profit increased by 93% to 3.27 million (2006: 1.69 million)
* Headline earnings per share rose 104% to 5.5 pence (2006: 2.7 pence)
* Net cash at the year end was 1.55 million (2006: 1.2 million)
Operational * Increased synergies between TMN Media and EDR have resulted in greater than
expected inter-group sales
* New technology and product launches, including new lead generation systems
Plum-Offers and Pure Lead, already generating material revenues
* Change of company name from themutual.net to TMN Group plc, to better
reflect the divisional structure of the group
* As previously announced Peter Coveney (CFO) is to retire in August 2007 and
his replacement, Craig Dixon, has now joined the Group
Commenting on the results, Mark Smith, CEO said:"This year has seen another strong performance by the Group, with significant
increases in both turnover and profit. The new product launches targeted at
improving lead generation are attracting interest from a range of customers,
both new and existing, and are already having a positive impact on revenues.These products, with further launches in the pipeline, enable us to offer a
full service and strengthen our position as the UK's premier online direct
marketing services group.
"The internet advertising market continues to grow rapidly, with over 2
billion spent in 2006. TMN is well positioned, with its three core divisions
and further new product launches, to continue to strengthen its position in the
online direct marketing and research sectors in the UK."- ends -Enquiries to:TMN
Tmn Final Results
Date: 17 July 2007On behalf of: TMN Group plc ("TMN" or "the Company")Embargoed until: 0700hrsTMN Group plc * Preliminary Results
TMN Group plc (AIM: TMN), the UK's premier online direct marketing group, is
pleased to announce its preliminary results for the year ended 30 April 2007.The highlights are:Financial * Revenue increased by 79% to 16.1 million (2006: 9.0 million)
* Operating profit increased by 93% to 3.27 million (2006: 1.69 million)
* Headline earnings per share rose 104% to 5.5 pence (2006: 2.7 pence)
* Net cash at the year end was 1.55 million (2006: 1.2 million)
Operational * Increased synergies between TMN Media and EDR have resulted in greater than
expected inter-group sales
* New technology and product launches, including new lead generation systems
Plum-Offers and Pure Lead, already generating material revenues
* Change of company name from themutual.net to TMN Group plc, to better
reflect the divisional structure of the group
* As previously announced Peter Coveney (CFO) is to retire in August 2007 and
his replacement, Craig Dixon, has now joined the Group
Commenting on the results, Mark Smith, CEO said:"This year has seen another strong performance by the Group, with significant
increases in both turnover and profit. The new product launches targeted at
improving lead generation are attracting interest from a range of customers,
both new and existing, and are already having a positive impact on revenues.These products, with further launches in the pipeline, enable us to offer a
full service and strengthen our position as the UK's premier online direct
marketing services group.
"The internet advertising market continues to grow rapidly, with over 2
billion spent in 2006. TMN is well positioned, with its three core divisions
and further new product launches, to continue to strengthen its position in the
online direct marketing and research sectors in the UK."- ends -Enquiries to:TMN
doughboy66
- 17 Jul 2007 10:50
- 85 of 88
And there is this positive statement at the end of the results,so more to come!
The Group remains financially strong, with excellent cash-conversion, and
remains perfectly positioned to succeed further in what is undoubtedly the most
exciting media sector that we have seen for many years. We remain excited about
the Group's prospects for the current year and beyond.
Mark SmithCEO
The Group remains financially strong, with excellent cash-conversion, and
remains perfectly positioned to succeed further in what is undoubtedly the most
exciting media sector that we have seen for many years. We remain excited about
the Group's prospects for the current year and beyond.
Mark SmithCEO
doughboy66
- 18 Jul 2007 13:49
- 86 of 88
More positive news!
Tmn Director/PDMR Shareholding
TMN Group PLC ("TMN" or "the Company")NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY OR CONNECTED PERSONSThe Company was notified on 17 July 2007 that Warren Tayler, non-executive
Chairman of the Company had acquired 12,000 Ordinary Shares in the Company on
17 July 2007 at a price per Ordinary Share of 79p. Following this purchase
Warren Tayler now holds 811,986 Ordinary Shares representing approximately 1.63
per cent. of the issued share capital of the Company.
Tmn Director/PDMR Shareholding
TMN Group PLC ("TMN" or "the Company")NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY OR CONNECTED PERSONSThe Company was notified on 17 July 2007 that Warren Tayler, non-executive
Chairman of the Company had acquired 12,000 Ordinary Shares in the Company on
17 July 2007 at a price per Ordinary Share of 79p. Following this purchase
Warren Tayler now holds 811,986 Ordinary Shares representing approximately 1.63
per cent. of the issued share capital of the Company.
doughboy66
- 23 Jul 2007 10:25
- 87 of 88
Hello doughboy its doughboy here, did you see this in Saturdays Telegraph.
TMN
Online advertising is the gold rush of today, and TMN is delivering where others flounder. It is the fastest growing segment in the ailing media sector. Last year, more than 2bn was spent on internet advertising, a 41pc rise on a like-for-like basis compared with 2006.
But unlike the newspaper business, which has evolved over hundreds of years, the online sector is moving in leaps and bounds, and many companies are struggling to keep up. A raft of profits warnings from TMN's peers has sullied the sector somewhat.
TMN arguably had its own wobble in 2005, but the management has done a good job sustaining the growth and investing in the future - integrating online advertising group EDR and email marketing specialist iD Factor.
Now it is reaping the rewards, with a 79pc rise in revenues to 16.1m in the year to the end of April, and a 93pc rise in operating profit to 3.27m.
The group's main business is in email marketing. This is a key growth area, as companies ditch the traditional direct mail in favour of targeted email marketing.
The Aim-listed company is piling up cash - it currently has 1.6m - and is expected to generate 30pc earnings growth per year, for the next two years.
As the migration from traditional advertising mediums to online solutions marches on, TMN looks well positioned to deliver further. Plus the shares are trading on a price/earnings ratio of 14.5 for 2007, falling to just under 11, which looks very modest compared with its rivals.
BUY
TMN
Online advertising is the gold rush of today, and TMN is delivering where others flounder. It is the fastest growing segment in the ailing media sector. Last year, more than 2bn was spent on internet advertising, a 41pc rise on a like-for-like basis compared with 2006.
But unlike the newspaper business, which has evolved over hundreds of years, the online sector is moving in leaps and bounds, and many companies are struggling to keep up. A raft of profits warnings from TMN's peers has sullied the sector somewhat.
TMN arguably had its own wobble in 2005, but the management has done a good job sustaining the growth and investing in the future - integrating online advertising group EDR and email marketing specialist iD Factor.
Now it is reaping the rewards, with a 79pc rise in revenues to 16.1m in the year to the end of April, and a 93pc rise in operating profit to 3.27m.
The group's main business is in email marketing. This is a key growth area, as companies ditch the traditional direct mail in favour of targeted email marketing.
The Aim-listed company is piling up cash - it currently has 1.6m - and is expected to generate 30pc earnings growth per year, for the next two years.
As the migration from traditional advertising mediums to online solutions marches on, TMN looks well positioned to deliver further. Plus the shares are trading on a price/earnings ratio of 14.5 for 2007, falling to just under 11, which looks very modest compared with its rivals.
BUY
doughboy66
- 24 Jul 2007 19:43
- 88 of 88
Markets looking a bit choppy at the moment so maybe not the best time to be getting in but some more positive news today.
TMN Group says non-executive chairman Warren Tayler ups stake in co
LONDON (Thomson Financial) - TMN Group PLC said non-executive chairman
Warren Tayler has bought a further 11,500 shares in the company at 87 pence a
share, raising his stake to 823,486 shares or about 1.64 pct.
TFN.newsdesk@thomson.com
jjo/bsu/gp
TMN Group says non-executive chairman Warren Tayler ups stake in co
LONDON (Thomson Financial) - TMN Group PLC said non-executive chairman
Warren Tayler has bought a further 11,500 shares in the company at 87 pence a
share, raising his stake to 823,486 shares or about 1.64 pct.
TFN.newsdesk@thomson.com
jjo/bsu/gp
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