Moneyplus - Hope you don't mind me starting new thread with more relevant title.

Interactive World floated 8th May 2006 at 73p, and now stands at 85p. They are a mobile content provider mainly supplying soft porn to over 18s, maybe not everyone's cup of tea, but it is highly profitable. They were spun out from the Daily Sport paper owned by David Sullivan who retained over 68% majority shareholding. Interestingly David Sullivan sold a large parcel of shares last week to Institutional Investors due to excess demand and now has only 49.95% holding.

Finals on 21st September 2006 below

Turnover = 9.1m -(8.9m)
Profit = 4.3m - (3.2m)
EPS = 8.32p - (6.21p)
DIV = 4P

The yearly dividend payment is nearly a huge 10% with the company committed to returning these div levels to investors in the future, due to the large generative cash nature of business. Daniel Stewart have the following forecast for 2007 of 9.19p EPS, and for 2008 10.5p EPS. imo I believe these could prove conservative because itw seem very well run with two very interesting acquisition, and plenty of cash in the bank.

See thread below for Interims on 8th March 2007.

I believe itw are undervalued and offer very strong fundamentals, and should now be at the start of a much deserved re-rating. But please DYOR.

Positive comments in Share Mag today.

Buyers starting to move in now. Hope sp will respond soon.

The forward p/e for 2007 is 9.2, then falling to a p/e 8 in 2008.

Not expensive.

Price has weakened over the last few days, down 1.5p today to 74.5p. A large sale went through at 09:30 of 800.000 shares, I would hope this is a positive move which could be the mm, we will see.

Looks even better value now.

Up 2.5p today on the back of strong buying. Looks like private investors are taking advantage of the sp while below 80p.

At todays price the pe is only 9.8, with the following forecast pe.

2007 = 8.2
2008 =7.2

See below latest news release, the shares are suspended at 83p from Monday. Share Magazine have a buy update this week and still seem keen on company.

RNS Release

25 June 2007


Re: Suspension

Following recent press reports, the Directors of Interactive World plc can
confirm that it is in advanced discussions to acquire Sport Newspapers Limited.
The transaction would constitute a reverse takeover under the Aim Rules and
therefore the Company has requested that its shares be suspended. Shareholders
will be kept informed of further relevant developments.

ITW have completed take over of Sport newspaper LTD, and will change name to Sport media group on Wednesday 5th September.

ITW raised 50m at 76p a share for the enlarged group, the sp has now fallen to 67p. Must be bargain a level imo.

Today they announced that preliminary results to 31st July are in line with market expectations. And that the initial restructuring of The Sport newspaper has been well received by Retailers, Advertisers and Readers.

sp has improved by 1p today, and they are on a forward div payment of over 10% a year.

First day trading today as Sports Media Group SPMG, sp up 1.5p to just over 70. Now uncertainty has been removed should start to perform.

Finals due 21st September.