image

Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

Latest issue now available

SIGN UP NOW
Updates

New Media Spark - Sale of Pricerunner

September 2004

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • NMS
The shares jumped after New Media announced the sale of Pricerunner,its online comparison shopping site, to Nasdaq-listed on-line media group, Valueclick, for a maximum US$36m. Spark's 40.6% interest entitles it to an initial US$11.9m, plus a further maximum US$2.5m, if it achieves its earn-out target.   Given that Pricerunner's book value to Spark was £1.1m, the sale should trigger a one-off gain of at least £5m when its final results are released.  Pricerunner, whichachieved sales growth of 80% last year, as well as enjoying net marginsin excess of 20%, represents Spark's first significant exit from an early stage investment. At current levels the shares are hovering around Spark's ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Related Articles

New Media Spark - No momentum in the shares (February 2005)
New Media Spark - News flow should trigger re-rating (March 2004)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

LIMTED TIME OFFER

SUBSCRIBE TODAY AND SAVE £30 USING OFFER CODE 30OFFTMI

To access our archive of articles and receive current issues you need to subscribe

SUBSCRIBE NOW