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.

Short YELL before results Tuesday. Easy money.

RNS results better than expected sp up 5%

StockMarketWire.com
Yellow pages publisher Yell reported group revenue of 1.877bn for the year to end-March, down 12.4% on the prior year. Profit after tax of 46.7m was down 0.1m.

Digital media revenue grew 9.4% to 457m or 24.3% of revenue (2010 - 19.6%).

Print revenues fell by 18.6% to 1.317bn.

EBITDA of 513.6m was down 106.0m.

Free cash flow was 264.7m, while net debt fell by 329.5m to 2.765bn.

Digital media advertisers grew by 4.5% to 902,000 and digital media average revenue per advertiser was up by 9.2% to 528.

Live customer websites increased by 192,000 to 230,000.

Internet Yellow Pages visitors were at 55.8m in March.

Print advertisers were down by 9.4% to 1,195,000 and print revenue per advertiser was down by 9.9% to 1.063bn.

Mike Pocock, CEO, said: 'In the face of ongoing tough market conditions, we have continued to make good progress with our digital media offering, bringing new products to the market, increasing consumer usage and increasing revenues. Our market positions in print remain strong and print revenues, though still under pressure, continue to generate significant cash flow. Over the year, Yell has generated over 260m of cash and reduced net debt by almost 330m.

'Our strategic review is now well advanced and our extensive and thorough work to date strengthens the confidence we expressed in February. We will leverage our key assets, primarily our strong brands and customer relationships, to benefit from the large and fast growing digital market. We will provide new services and solutions that both cement our place as a champion of the SME and provide material new value to the consumer. Partnerships with key players will play an important part in accelerating this growth. Our strong market positions and profitable businesses in print and local search will nevertheless remain important for some time. Our existing operating model will also be strengthened and streamlined on a group wide basis to support these new opportunities.

'The digital marketplace is already twice the size of the total print market and some ten times larger than the segments of the print market Yell traditionally addressed. Small shares of this fast growing and highly fragmented market can mean very significant, profitable growth. This is what we intend to deliver, whilst nurturing our print business for the strong cash flows it will continue to provide for years to come.

'We look forward to presenting our strategy conclusions in early July which will demonstrate why we believe Yell can look forward to a good and prosperous future.'

Last paragraph is great! I suppose he could hardly say that 'the end is nigh and would the last person please turn out the light'.
Brave investor to buy into this, imo, but maybe they can turn it around???

Harry if they can solve their debt problem you may well be right.

In the last few years internet use has mushroomed if Yell can maintain their growth on the digital side it will more than compensate for the print revenue dropping. The BOD are making all the right decisions imo plus trying to get the debt down--good luck to them.

strategic review should be out soon, sp moving up in anticipation.

Lost all gains now back on the way down. Suckers rally

wait for the news.

sp up almost 10%, strong smell of burning shorts!

momentum building up 13%

out with 22% profit since monday, nice glass of chorey les beaune awaits.

I shorted it down to 5p then took profit maybe worth another short with tight stop

Short at 8.23

rollercoaster ride today!

StockMarketWire.com
Microsoft Corp. and Yell Group have announced plans to form a broad, global strategic alliance, taking advantage of their complementary strengths and expertise in the delivery of innovative online advertising and business solutions to assist small businesses.

Yell currently provides print and digital marketing services to over 1.3 million customers across the United States, United Kingdom, Spain and Latin America.

Capitalizing on the Yahoo! and Microsoft Search Alliance and the growing consumer audience of Bing and Yahoo! Search, Microsoft and Yell will join forces to offer compelling search, mobile and local advertising solutions to small and medium businesses and to make the most of emerging business models delivered through the cloud.

Under the plans, Yell will also offer the full suite of Microsoft's SMB productivity and business software and cloud services, including Microsoft Office 365, Microsoft Dynamics CRM and emerging SMB-focused communications solutions. In addition, Microsoft will assist Yell to accelerate its new cloud-based services, which will provide Yell's customers with access to these new digital offerings.

Thomas Hansen, vice president of SMB Worldwide at Microsoft, said, "Yell Group has one of the largest dedicated sales forces partnering with small and medium sized businesses and provides customers with valuable, locally focused internet directories that see over 50 million unique visitors per month.

"We are very excited about our plans to form a strategic alliance with Yell, as it offers us a way to better reach and serve small and medium sized businesses across the globe."

Canaccord note :
Yell announces a strategic alliance with Microsoft to offer SMEs a range of digital solutions, including search, local & mobile advertising (through Bing and Yahoo!Search) as well as the full suite of Miocrosofts productivity and business software and cloud services, including Office 365, Dynamics CRM.

This alliance is in addition to the existing partnership Yell already has in place with Google, and is part of the broader objective of increasing the groups digital revenues to offset ongoing print decline.

It comes a day after Yell announced the US$18 million acquisition of e-commerce platform, Znode, and comes before this Thursday, when the new management team will be setting out its new strategy to a City audience.

The news momentum is clearly building ahead of this Thursdays investor day.

However, we remind investors that the groups business remains in a difficult position. It is exposed to some of the worst performing mature economies in the world (UK, USA, Spain), as well as a classified advertising business in long-term decline, with no bottom yet in sight (the company is still declining at double-digit rates). On top of that, the groups 2.8 billion debt makes its balance sheet highly fragile.

Until we see some firm evidence of underlying improvement in the groups financial performance, we maintain our HOLD recommendation and 7p target price.

Not that I'd touch it with a barge pole, but thats quite a strong climb with volume.

skinny thursday's strategic review should confirm whether you are right or wrong.

Hope Thursdays news is good as I have to get to 19p yet to get from where I started, I wished I had never touched it with a barge pole but I did so here is hopeing.