Tom Winnifrith Bearcast: the corruption of the deadwood press - Lucy Burton, the Sunday Telegraph and Saga
A “Holding(s) in Company” announcement from Time Out Group (TMO) shows last week Woodford Investment Management reduced its holding from 16.06% to “less than 5%”. The shares then falling from just above 90p to just below, and a circa £120 million market cap…
Time Out Group (TMO) “is pleased to announce that Time Out Market New York opens to the public today, bringing the best of the city under one roof, based on the editorial curation Time Out has always been known for”. The shares though are still sub 95p – comparing to a 150p June 2016 IPO…
Media and food and cultural markets group Time Out (TMO) has announced results for 2018, with CEO Julio Bruno emphasising “in light of the progress made in 2018, we are confident in the outlook for the group in the year ahead. 2019 will be a transformative year”. The shares have currently responded... er, slightly lower to 90p – and comparing to a 150p June 2016 IPO…
Time Out Group (TMO) is a name that most people will be familiar with, as many of you will have used it when travelling around the world to make the most of wherever you are staying, and to discover local attractions and restaurants.
Media and entertainment group Time Out (TMO) has updated including “the group continues to trade well” and “we remain confident in meeting our strategic and financial goals for the year”. The shares have responded currently approaching 4% higher, to 83p, but why (other than natch, with Woodford Investment Management a significant shareholder), are they still down from a 150p June 2016 IPO and above 130p at the commencement of this year then?...
Media and entertainment group Time Out (TMO) joined AIM at 150p per share in June 2016 and, despite the shares having recently slid to 130p, reckons “clear progress has been made in 2017”. Hmmm…
Time Out Group (TMO) has updated on the 2017 calendar year in an announcement headlined “Time Out delivers strong progress” and including “revenue is expected to have increased by 19% year-on-year on a proforma basis with strong growth across both Time Out Digital and Time Out Market”…
Time Out (TMO) “is pleased to announce that it has signed a conditional lease agreement for a new Time Out Market in Chicago”, with the group’s CEO Julio Bruno emphasising “we now have a roster of Time Out Market openings in some of the most exciting cities around the world and we are looking forward to them continuing the success story we started with Time Out Market Lisbon”. Hmmm…
Time Out Group (TMO) has announced the signing of a lease agreement for another site for what it describes as “the highly successful Time Out Market concept”. Hmmm…
I previously wrote on Time Out Group (TMO) following a “trading update” for the first half of 2017 – noting that below the revenue line there wasn’t any detail provided, perhaps something to do with a house broker forecast for a full-year adjusted pre-tax loss of £19.5 million? The company is now “pleased to announce its unaudited half year results for the six months ended 30 June 2017”…
Time Out (TMO) has updated on the first half of 2017, arguing “we are well positioned to drive further growth, transactional traffic and monetisation of our unique content”. The shares though, at 138p, remain below the 150p June of last year AIM listing price…
Time Out Group (TMO) “is pleased to announce” that “revenue for the full year is anticipated to be ahead of the board's expectations” and “closing net cash expected to be better than previously anticipated”. So why are the shares barely ahead, at 137p?...
Having recently been “very excited” to announce a second ‘Time Out Market’, Time Out Group (TMO) is now “absolutely delighted to announce that we will be bringing our unique Time Out Market format to London”. The following reviews with the stock market not particularly delighted – the shares currently 1.4% higher at 141p, still comfortably below the 150p June IPO price…
“Time Out Group (TMO), the global multi-platform media and e-commerce business with food & cultural markets, is pleased to announce that it has signed a lease for a new Time Out Market in the iconic São Bento train station in Porto, Portugal. This will be the second Time Out Market, following the success of the group's flagship market in Lisbon which opened in May 2014”. Hmmm…
Time Out (TMO), founded in 1968 as a London culture and entertainment magazine, has listed on AIM at 150p per share, to capitalise the group at £195 million. Founder Tony Elliott sold a controlling share to private equity firm Oakley Capital in November 2010 with the “strategy to transform what was a traditional print brand into a leading digital platform”. Apparently Oakley “invests in and supports the continued growth and development of some of Europe’s leading companies”. Financially, this ain’t one of them…
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