HELLO ALL,

EVERYTIME THEY FALL OFF THE HIGH WIRE I CONSIDER BUYING YELL. BUT AS YET I HAVEN'T DONE IT!!!!!!!!

I'M NOT REALLY SUR WHETHER THE BUY TIME HAS COME OR WHETHER I'LL FALL TO 4:20.
ANY THOUGHTS?
ALSO, IS THERE A DIVIDENT REINVESTMENT PLAN?

Yell sees hard fourth quarter after 9-month sales fall 2 percent


LONDON (Reuters) - Yellow-pages group Yell reported a 2.4 percent decline in nine-month sales at constant exchange rates and a flat core profit on Thursday, and said the current quarter would be tougher.

But the company said its results had been helped by strict control of its operations and its online business and it expected its rate of revenue decline to slow in the first quarter of the next fiscal year, which begins in April.

Like its peers in the local classified directories business, Yell has been caught out by tough credit conditions and a steep decline in advertising spending in the midst of a costly migration from print to digital.

It renegotiated its loan covenants last year.

On Thursday the company said it expected full-year adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) to rise about 10 percent to over 800 million pounds, a decline of 2 percent at constant currencies.

It had previously forecast broadly flat core earnings.

"The economic trends in each of our markets show no current sign of returning to growth, and the fourth quarter will undoubtedly be tougher," Chief Executive John Condron said.

Yell operates in Britain, the United States and Spain -- some of the countries hardest hit by the global financial crisis -- as well as Latin America.

Its net debt was 4.3 billion pounds at the end of December, up from 3.8 billion nine months earlier, and 4.7 times annualised pro forma adjusted EBITDA.

UBS has cut YELL target to 35p. More downtrend for YELL down to 20p.

I still say YELL is a sell. It will go to sub 20p.

I have been shorting this since it was 130p last year. Glad I was right.

27p now.

Looking bleak for this one now:
"Yellow pages publisher Yell has slumped on a warning that it could breach its bank covenants. "As a consequence of increasingly uncertain trading conditions, there is a risk that the group might need to reset its financial covenants with its lenders to avoid a breach of those covenants," it said in its annual report."

Yes, Harry. YELL is 24p now. More weakness will prevail on this kind of news.

just seen ..... glad i was out of these a few weeks back

Yell is today also up-dating the market on current trading and short term guidance.

During this calendar year, the total volume of advertising industry spend has shown marked declines across all media in each of the regions in which the Group operates, as a consequence of the continued economic downturn and uncertainty. Yell believes it continues to out-perform the overall rate of this decline in advertising spend, showing relative resilience, because of its ability to demonstrate to its advertising customers the cost-effectiveness of its services in each of its channels.

For the first quarter ending June 30, 2009, Yell therefore reaffirms that trading is in line with the guidance and expectations it set on 20 May, 2009, when it published its preliminary results for the year ended 31 March, 2009.

At constant exchange rates, Q1 revenues are expected to be around 11% lower, and Q1 EBITDA is expected to be around 20% lower than the comparable period last year. Reported results, reflecting the benefit of the weaker pound, are expected to show revenues up by around 1% and EBITDA down by around 10%. As also guided on May 20, 2009, the reduction in EBITDA stems from the lower revenues and increased planned investment in the quarter relative to one year earlier. Cash flows and cash conversion have remained very strong in the quarter, and covenant headroom at 30 June, 2009, is expected to be around 14% (15% at 31 March, 2009).

Yell's second quarter is historically a weaker quarter, with revenue growth typically between some 3 to 4 percentage points lower than Q1. Reflecting this and the reduction in total advertising market spend, at constant exchange rates, Yell now expects Q2 revenues to be around 17% lower and Q2 EBITDA to be around 30% lower than the comparable period last year.

Missed any mention of Banking Covenents - er, Harrycat - are you watching this still?

Seems to me that YEL's market has fallen away, what with online searches and internet advertising.
- Does YEL really have a Market . . . in 2012 . . . ?
Is there a risk that believing "things will get back to normal, soon enough..." is false, with another business model required....any ideas if the Management is attempting to consider this before too long?

Yep, I am watching, but that's all I'm doing for the moment.
From Digitallook Alert Service 30/06/09:
"Yellow Pages publisher Yell has started talks with its banks over a comprehensive refinancing, adding that trading in the second quarter of this year took another lurch downwards."

Can anyone tell me what is going on withh yell share price why is it having a tumble As all the shares have gone up yet the the yell shares are lagging. is the stock getting shorted. or is their a rally on the way after 23rd of july after we know what to expect for rest of the year.

Just frustrating JJb shares have went down to 19 pence two days ago yet there up to 28pence today? They're struggling but they are now where bigger than yell.

Great potential.

BUY THE ONLY WAY FOR SHARE PRICE IS UP 75P BY YEAR END

NET DEBT DOWN BY 400M LOOKING GOOD PRICE BY FRIDAY 31P POSS? PROB WILL GET UPGRADE BY ANALYSTS?

Biggest mover today.

.

hlyeo98 - 18 Jun 2009 13:05 - 47 of 61
I still say YELL is a sell. It will go to sub 20p.

lol

lol..