What is happening was slowly going up, past week down 25% Good entry or further down.

I hope the Septics get the $700 billion loan through in the next few days otherwise I can see the FTSE tanking.

9% down now what is happening

It's been like this for a week now, swings of 10% look back at some of the trading days
Still some uncertainly whether the institutions are unloading near to the results

A piece in yesterdays telegraph on about a possible rights issue to reduce the debt although they said that last year. It would be crazy at this level

All make investors nervous

Gone back in long this morning.

Sales havent fallen below the critical mark set by analysts, banking covenants are covered and the company is throwing off cash.

This could be the start of a strong run upwards.

Suprised we havent got more comment here.

IMHO Yell will fly up soon. They are in a strong position to benefit when things start to get better.

From the Blue Index blog

Not so mellow Yellow
May 20th, 2009

Having some knowledge of the directory industry, like many I thought the precipitous share price drop at Yell (YELL) was overdone, and particularly at the 12p or so it sank to, it looked an absolute no brainer bargain. Many other investors clearly thought so too, and the share price has recovered dramatically this year

But today perhaps provided an insight into the underlying problems still faced by the group, after the Yellow Pages publisher announced annual pre-tax losses of GBP1bn down from a profit of GBP310m last time, on revenues up to GBP2.4bn from GBP2.2bn last time. The losses came as a result of impairments at its operations in South America and Spain and restructuring charges, but the group also expects to revenue to fall 11 percent in the first quarter of the new year, and for EBITDA to fall 20 percent. As a results of the ongoing economic uncertainty, Yell said it will provide guidance one quarter ahead during the fiscal year 2010. After the numbers an analyst said that while the results are in line, the Q1 guidance looks poor, and for no news to be provided on the debt position is a negative

Full transcript here
http://blog.blueindex.co.uk/2009/05/not-so-mellow-yellow/

Zak Mir Pro TAer giving his view on Yell this morning....



Zak Mir



Reged: 28/06/07
Posts: 823
Re: YELL
#446533 - 20/05/09 08:08 AM Edit Reply Quote



The 1bn loss in Spain is nothing to shout about, but chart wise while above the 200 day moving average at 41p on a weekly close there is a chance of a retest of May resistance above 55p.

This financial commentator is one of the best in the business....he writes in the London Evening Standard and is well respected....at last we are getting something positive to read about and based on reality....

This Yells still in with a shout of success

Anthony Hilton

Yell, the media company behind the Yellow Pages directories, is a story of our time. Unglamorous and unloved by parent British Telecom, it was sold a decade ago, given the private-equity treatment and sold back to the stock market carrying a mountain of debt.

All was well in the good times, and the shares soared. But that mountain became a millstone when the credit cycle turned, the economy went flat and investment fashions changed. When analysts could not have too much debt, Yell was an icon; now it is deeply unpopular, and its shares are down 90% or so from the high. But it is still the same business.

Today it announced its figures and lost its chairman Bob Scott not because of anything happening in the business but because he is the same Bob Scott who was a non-executive director of Royal Bank of Scotland and therefore tarred by association with everything from Sir Fred Goodwin's pension to the subprime debacle. He is also the same Bob Scott whom I remember as an astute and personable leader of Commercial Union, now part of Aviva, but that does not seem to count these days.

Now one can see why some institutional investors should want anyone associated with RBS never to darken a boardroom door again and particularly Legal & General Investments, which was badly treated when it tried to raise concerns about Sir Fred. But does that mistake really mean none of those directors can serve elsewhere?

Given the importance of a good relationship between chairman and chief executive in any company, is it actually in Yell's interests for the company subjected to all the uncertainty of change over an issue that has nothing to do with Yell's business? One can understand why it has happened but that does not make it right.

Yell is also a story of our time because it needs to make money from the internet. Bears say its directories are dead because everything soon will go online. The truth is its directories have a lot of life left in them yet, and its online versions are growing fast. Rupert Murdoch may struggle to get people to pay for the Wall Street Journal, and Pearson toils likewise with FT.com, but John Condron has cracked it and is slowly migrating Yell's business to the web.

All this is ignored, however, because of the assumption that Yell's debt will sink it. As revenues contract because of the recession, it will breach its banking covenants and the plug will be pulled. The only hope for the company, analysts queue up to say, is a massive rights issue or a debt-for-equity swap,
either of which would be horrible for existing shareholders. But that is no longer how the world works. Banks don't pull the plug on businesses that can still pay their bills. Banks have so many more serious problems they tolerate breaches of covenants, provided the money is still there to meet the interest charge. With Yell, it is so far. Yell says it is going to tough it out and the banks are backing it.

All the evidence from the past says that the companies which do well in a recovery are those which continue to invest and upgrade their business through the recession. If Yell makes it to the other side, it should clean up.

Given Condron's ability to do what he says he will, there are worse bets in the markets.

Wow down another 15% today not looking good

Aiming for sub 20p

Yell Group started at Canaccord - buy rating,121p price target
Business Financial Newswire
Broker estimates Yell trades at a 12% discount to its European peers, implying potential upside of as much as 200% from current levels.

Lets hope so just just bought with my new car money.

hyleo says under 20p though and probably go bust knowing him

never mind what hyleo says ...... the chart says that if the price falls through the current level with any impetus, then next stop may not even be 20p

Up today maybe a time to buy..?

I bought yesterday but still nervous

dont worry clubman as hyleo predicts it to doom so its bound to rocket!

a big rise at end of day so it looks as though hyleo got another one wrong.....nothing new there

A nice 11.21% profit on yesterdays buy. Would have taken me years to make that on my Barclays savings account.

always be very wary of taking the closing auction price as being gospel as all sorts of strange things happen ...... generally speaking, the shown closing mid price is actually higher than what was achievable just before the bell

I know what you mean, but in this case Yell actually closed at below what was achievable just prior to the day's closing. In any event as I have not sold the profit is only on paper, but if I had sold 11.21% or slightly more would have been my gain.

Yell Closing mid 32.25
16.29 32.75

RNS Number : 9387S
Yell Group plc
28 May 2009




TR-1: notification of major interests in shares
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:
Yell Group Plc

2. Reason for the notification (please tick the appropriate box or boxes)



An acquisition or disposal of voting rights
Yes

An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached



An event changing the breakdown of voting rights



Other (please specify):



3. Full name of person(s) subject to the notification obligation:
Deutsche Bank AG

4. Full name of shareholder(s) (if different from 3.):
Deutsche Bank AG

Tilney Investment Management

5. Date of the transaction (and date on which the threshold is crossed or reached if different):
26/05/2009

6. Date on which issuer notified:
27/05/2009

7. Threshold(s) that is/are crossed or reached:
Aggregate 6%, Direct 6%



8. Notified details:







A: Voting rights attached to shares

Class/type of shares

if possible using the ISIN CODE
Situation previous to the Triggering transaction
Resulting situation after the triggering transaction

Number of Shares
Number of Voting Rights
Number of shares
Number of voting rights
% of voting rights



Direct
Indirect
Direct
Indirect



GB0031718066


47,783,634


47,783,634


55,443,503


55,427,926


15,577


7.06%


0.00%



B: Financial Instruments

Yell Group started at Canaccord - buy rating, 121p price target

Business Financial Newswire

Broker estimates Yell trades at a 12% discount to its European peers, implying potential upside of as much as 200% from current levels.