PERFORM PER chart.

Love these type of charts that arent erratic and volatile and just move up smoothly, leg by leg......

Breakout and new leg up starting at 320p ish...

Questor share tip: Perform's winning ways make it one to watch
Perform has a sound business model, but the shares are highly rated. Questor says avoid for now.



Britain is currently obsessed with achievements in our summer of sport. For Perform Group, sport is its everyday business.

Perform is a global market leader in the commercialisation of multimedia sports content. It owns one of the largest portfolios of digital sports rights in the world, through contracts relating to more than 200 sports leagues, tournaments and events.

The company, which floated in April 2011 at 260p a share, is not a typical media business. Its aim is to fill the airwaves with multimedia content 24 hours a day, 365 days a year, but not necessarily the high-profile events that global media companies enter bidding wars to obtain. It shows events that are difficult to see elsewhere, such as 650 Asian football matches.

The company makes money by providing content to news outlets and gambling websites through a "watch and bet" service. It also has subscription sites, such as Goal.com and takes advertising.
In the first half of the year its subscriber numbers rose by 23pc to 398,000 with the launch of new mobile services for Goal.com and clients such as FoxSoccer.tv and Tennistv.com.

In total, eight new editions of Goal.com were launched including for Ghana, Nigeria, Kenya, Malaysia and Singapore.

The Euro 2012 soccer tournament helped pre-tax profits hit £3.4m in the six months to June, compared with losses of £2.2m in the first half of last year.

However, when one-off items are stripped out, profits rose 84pc to £8.6m. Revenues soared 49pc to £67.4m. The group is in a growth phase so it does not currently pay a dividend.

Net cash stands at £24.8m, down from £63.2m after two acquisitions in the period. These were a majority stake in Turkish digital media group Mackolik, which operates Turkish language sports websites, and Runningball, which provides live scores from football matches and other data. Analysts see the cash pile being replenished, hitting about £35m by December. This is perfect ammunition for more earnings-enhancing buys.

More than 13,500 live events are now under contract for 2012 (up from 12,500 in the first-quarter update) and newly contracted rights, including the US Open, broaden the appeal of its content. There are structural growth drivers as connected devices proliferate and online video consumption increases.

Perform is unique in that it is a truly global business. It plans to continue to expand geographically. Its internet services are in demand in places such as Africa and Asia, where about three quarters of its content is distributed via mobile devices.

Advertising is also an important area of growth. With the European soccer season kicking off this is expected to be given a boost, with the strongest period being the fourth quarter.

Questor likes the business a lot but the shares are trading on a very high earnings multiple of 34, falling to 22.5 next year and 17.6 in 2014. This is discounting significant growth over the next few years. First-half numbers have reassured that current-year forecasts will be met but management also sold about 1.85m shares yesterday, banking almost £7m.

Directors sales are always a strong signal for current investors and, after such a strong run, Questor thinks the shares should not be chased at these levels.

However, they are definitely one to watch should any retrenchment occur. For now, avoid on valuation.

Sold my holding late afternoon

Perform accelerates down the back straight
By Benjamin Chiou

Mon 29 Oct 2012

PER - Perform Group

Latest Prices
Name Price %
Perform Group 410.00p -4.21%

FTSE 250 11,921 -0.04%
FTSE 350 3,094 -0.18%
FTSE All-Share 3,030 -0.17%
Media 4,481 -0.32%

LONDON (SHARECAST) - Digital sports content platform group Perform registered impressive revenue growth in the third quarter and said that while there was some weakness in its Technology & Production division, it's still on track to hit targets this year.

Group revenues increased by 44% in the three months to September 30th, from £27.4m last year to £39.5m. That equates to 10% growth quarter-on-quarter.

"We are pleased to report that our strong operational and financial performance has continued through Q3, which reflects the successful execution of our growth strategy," said Joint Chief Executive Officer Oliver Slipper.

"We have reported substantial increases in revenues and are making significant investments in additional content, new platform development and international opportunities as we build the business to deliver long term sustainable growth. We are on track to deliver full-year 2012 results in line with the board's expectations."

Perform commercialises multimedia sports content across internet-enabled digital platforms, driving revenues through a mix of Content Distribution, Advertising & Sponsorship and developing Subscription Platforms.

Content Distribution revenues jumped 47% on last year with a strong performance seen across all products, the group said. Advertising & Sponsorship revenues surged 56%, while Advertising & Sponsorship (display) saw growth of 132% - this was mainly due to the acquisitions of Spox and Mackolik and the continuing growth of Goal.com. Subscription revenues rose 20%.

However, Technology & Production sales fell 5% year-on-year and was slightly below the company's expectations with some contract slippage into the fourth quarter. This division accounts for around a tenth of group revenues.

Perform Group Plc Q3 Interim Management Statement


Highlights



· Year on year revenue growth of 44% to £39.5m (Q3 2011: £27.4m).



· £140m of revenue contracted for full year 2012 and £110m of revenue for full year 2013. (£98m of 2011 revenues and £78m of 2012 revenues were contracted at the same point in time in 2011).



· Quarter on quarter revenue growth of 10%.



· ePlayer headline quarterly sell through rate of 41%, total quarterly streams viewed 1.1 billion and average monthly unique users of 111 million. (Q3 2011: sell through rate of 19%, 985 million total streams and 86 million unique users).



· ePlayer to launch in Q4 across over 100 Gannett-owned websites in the US.



· Significant new domestic clip rights partnerships secured with NFL (USA) and La Liga (Spain).



· Launch of eight Omnisport regional feeds, focused on regional content and in six languages.



· Continued investment in Goal.com with six new editions launched, mainly in Latin America.




http://www.moneyam.com/action/news/showArticle?id=4472732

sp 180p down 58% on profit warning used to have a market cap in excess of £1billion, now considerably less, has this bubble burst?

Halifax - is it correct per has a negative nav?
ta

delta don't really know last financial statements show NAV at £185m but that includes goodwill and other intangibles of £230m.

thanks Halifax - kind of confirms what I heard and one of my concerns here - looks like more red tomorrow then after this awful rns
gl

looks like panmure g set 145 rating?

appears to be bouncing - l2 lit up!! lots of AT trades

hmmmm - algorithmic trading continues - looks like the program is to buy available shares up to vwap currently asround 252 / 253 - with delay periods programmed for inactivity - which is why no trades bid will increase till a sell then immediately bought
gla

RNS CFO resigns we wonder why? market cap £620m!

Perform Group plc, the leading digital sports media group, will announce its final results for the year ended 31 December 2013 on Tuesday 4 March 2014.
A presentation for analysts will be held at 8.30 a.m at UBS (1 Finsbury Avenue, EC2M 2PP) and will also be webcast live via www.performgroup.co.uk/Investors.

Gone long this morning, looks to be plenty of potential for a recovery here.......

Bullish PER chart.

Getting a second wind. Check SP.

Numis upgrades.....

04 Mar Numis Buy 305.15 - 347.00 Upgrades

Wiped out all it's gains from yesterday GF

Yep bummer. Its so volatile. Cant remember having one like this for many a year.

Up and down all over the place yesterday. Was ok day before.

Thinking of ditching.