nk1999
27 Oct 2015
IC Simon Thompson Extract:"The bottom line is that I feel that a much fairer value for UTV Media's equity is 215p a share, implying a pro-forma enterprise value of £142m, or the equivalent of 11 times this year's likely operating profit from its radio activities. Offering 16 per cent share price upside to my three-month target price of 215p, a timeframe to cover the completion of the sale and cash return, I rate UTV Media's shares a trading buy on a bid-offer spread of 184p to 184.5p."
badinvestment
19 Oct 2015
Re: Disposal Well, almost 2 months later, and the TV sell off is a done deal. Once immediate expenses are taken into account, the sale works out at a little over £1 per current share in issue. UTV have said that they will pay off their current debt, and obviously they will want a bit of working capital, and perhaps a bit for future acquisitions/ start ups.Any thoughts on how much we the shareholders are likely to see after all that? Looking at the step up in price today, it would seem that the expectation is for something pretty substantial.
nk1999
24 Aug 2015
Re: Disposal "Northern Ireland broadcaster UTV is due to sell its television division to ITV in a multi-million pound deal, the Belfast Telegraph can reveal ..."[link]
mcescher
30 Jul 2015
Found this good report on UTV With a PE of 13.1x, what are peoples opinions on whether UTV is good value? I've been researching on here [link]
nk1999
09 Jan 2015
Disposal RNS just before the close, leading to 14.75p rise in UTV to 184.75p today:"UTV Media plc ("UTV"
notes the recent speculation relating to the potentialdisposal of its UK independent local radio stations.The Directors of UTV continue to manage the overall group in the best interestof its shareholders and confirm that UTV is currently assessing the options forits UK independent local radio stations which may or may not lead to thedisposal of some or all of these stations. For the avoidance of doubt, anydisposal would not include talkSPORT, Sport Magazine, talkSPORT Internationalor any of UTV's Irish radio stations.UTV has an established portfolio of successful and profitable radio stationsand is one of the largest radio operators in the UK. Its local radio stationsattract over 1.2 million listeners every week across some of the country'smajor regions and, in the most recent quarterly industry audience measurementsurvey, grew market share and audience by 5 per cent and 3 per centrespectively over the prior quarter. This strong operational performance wasreflected in the financial results for the UK independent local radio stationswhich saw revenue and operating profit increase in the 6 months to 30 June2014.A further announcement will be made in due course, as appropriate."
