18:42 24/05/2012 Re: Waiting for 130
Yes - a strange comment indeed!!

Waiting for £4 - good luck everybody !! By takeurtime
17:51 24/05/2012 Re: Waiting for 130
Good luck to everyone ??? Hitting 130...... yes it would be f'ing marvelous good luck cheers for the encouragement. By Herrin1
15:01 24/05/2012 Waiting for 130
Almost there, good luck to everyone.
By Aaaarghmyheart
11:28 24/05/2012 Sold out
Well guys sold out mostly before results and finished off just after. I think this will see a rally if Edda clears (which i think it will) but i think there could be a bit of downside because of weak € etc. May even get back to 120 when i may consider getting back in, but it has to be said there are a lot of cheap stocks out there without the baggage MEC is carrying. After all these years it is starting to look like a value trap. My advice to Long term holders would be to dump if its gets above 200p

GLA By Lucullus
10:46 24/05/2012 Re: Grexit
There's a lot of shares around at the moment that look too cheap, most if not all have been affected by the Euro carnage.

I watched a programme on the BBC a couple of weeks ago where Micheal Portillo was visiting Greece and Germany and I was surprised like he was how many Greeks (all of them I think!) want to retain the Euro. I don't know if the full episode is still avaliable but this is a link below. Worth watching imo.

http://www.bbc.co.uk/programmes/b01hllyd
After watching it I can understand why there hasnt been a complete run. The Greeks are still committed to it and the affluence this resulted in appears to be stronger in there memories than what has followed. In essence however when the Germans were kicking the issue into the "long grass" they weren't kicking a ball but a snowball, so when at first they kicked it and the problem went away for 6 months, the snowball gained weight and it became harder to kick it as far into the future. Today they are kicking it less than once a week and it gets more regular all the time.

The Greeks have a stark choice now, the euro with the indefinite austerity, or a free floating currency and growth. They can't have both. History tells them to select the latter option.

As for MEC after a buyer declared yesterday it looks to me that the they might have dropped out while the sellers continue. Short term, despite solid underlying fundamentals this is hard to predict.

One more thing. Despite the acquisition of the remaing stake in Wegener enhancing eps there have been extra shares issued (Now up to 121m or something). This will slightly dilute the existing share price. By Diversification
9:14 24/05/2012 Grexit
Looking to add at these levels but falling knife etc and now the whole market looks cheap. Like many I am waiting for the new election but if i was Greek I would have emptied my bank account for at least the next few weeks. I know many Greeks have made withdrawals but any thoughts on why there has not been a complete run? By Script
16:22 22/05/2012 Re: 145
Last time if I remember correctly they changed hands at 145.5, it's 145 this time.

What I want to know is being around this level now for a few days, why did it take so long?

I see there's yet another sell RNS but still no buyer one. By Diversification
15:28 22/05/2012 Re: 145
Trouble is all we ever seem to see is sells !!

I know there must be a buyer, but you wouldn't know it ! By takeurtime
15:19 22/05/2012 145
A couple of million quids sold. By Herrin1
17:27 21/05/2012 Re: Wegener
Backgrouds to today's RNS

http://otp.investis.com/clients/uk/mecom/rns/regulatory-story.aspx?cid=136&newsid=241567 By Herrin1
10:04 21/05/2012 Re: Wegener
One of the hotel groups I'm invested in is doing the same sort of thing. Mostly why they did it was

1. Save money as when they delist later in the year they will not be paying market costs.
2. Makes it so they can pick up remain share as ppl sell as you will pretty much have to ask them to find a buyer.
3.They wont need to share so much information with the world.
4. Forced buy out in some cases.

I guess Mecom is after 100% ownership in this case tho. and could then sell/split or invest hard for the long term in Weanger. In any case I would see it as a good thing as a Mecom shareholder By Tim ukhr
8:04 21/05/2012 Re: Wegener
spelling !! By Herrin1
8:03 21/05/2012 Weanger

http://www.z24.nl/economie/artikel_352161.z24/Wegener_verlaat_de_beurs.html
Publisher Wegener leaves the Amsterdam stock exchange. That made the company announced Monday. At present, only 0.3 percent of the shares are freely tradable, the remainder is owned by parent company Mecom. Wegener now wants to buy shares at a price of 3.45 euros per share. By Herrin1
9:47 18/05/2012 Re: Berkshire to Buy 63 Newspapers as Buffet...
I read something along the same lines a few weeks ago, can't remember if it was on here or I saw it elsewhere and forgot to post. Perhaps after sitting on the sidelines for a while seeing the ad revenue dwindle and the valuations suffer due to the widely held misconception that newspapers are dead he thinks the process has gone far enough and valuations will stabilise? By Diversification
16:29 17/05/2012 Berkshire to Buy 63 Newspapers as Buffett Expands Media Bet
At least the Oracle of Omaha believes in local media!


Berkshire to Buy 63 Newspapers as Buffett Expands Media Bet (2)
2012-05-17 13:41:09.528 GMT


(Updates with loan terms in second paragraph, warrants in
fifth.)

By Zachary Tracer
May 17 (Bloomberg) -- Berkshire Hathaway Inc. agreed to pay
$142 million for Media General Inc.’s newspapers including the Richmond Times-Dispatch as Warren Buffett bets community-focused publications will weather an advertising slump.
Berkshire will also provide Media General a $400 million term loan with an interest rate of 10.5 percent, the Richmond, Virginia-based newspaper company said today in a statement. The deal includes all of the company’s newspapers except for the Tampa group, according to the statement.
Berkshire is expanding in newspapers after purchasing Buffett’s hometown paper, the Omaha World-Herald Co., last year.
The company is also the largest holder of Washington Post Co.
and owns the Buffalo News of New York. Buffett, Berkshire’s chairman and chief executive officer, is expanding his holdings in the industry after telling shareholders in 2009 that papers have “potential for unending losses” and that he wouldn’t buy most of them “at any price.”
“I think there is a future for newspapers that exist in an area where there’s a sense of community,” Buffett said at Berkshire’s annual meeting in Omaha, Nebraska, on May 5.
Berkshire will also get warrants for about 4.6 million Class A shares representing 19.9 percent of Media General and the option to nominate a board member, according to the statement.

‘One Puff Left’

The deal includes 63 daily and weekly newspapers in Virginia, North Carolina, South Carolina and Alabama and is expected to be completed on June 25, Media General said in the statement. The company’s properties include the Winston-Salem Journal in North Carolina and the Dothan Eagle in Alabama.
Berkshire will also provide the company with a $45 million revolving credit line.
The sale allows Media General to focus on its television business, according to the the company. The firm’s shares fell more than 90 percent through yesterday since trading above $72 in April 2004. Media General jumped 45 percent to $4.55 at 9:35 a.m. in New York, the biggest intraday gain since July 2009.
Berkshire’s shares were little changed.
The newspaper industry has suffered advertising declines as marketers shift budgets toward digital media. New York Times Co.
reported an 8.1 percent drop in ad revenue in the quarter ending in March and Gannett Co., publisher of 82 daily newspapers including USA Today, saw an 8.4 percent drop in ad sales for the same period.
“I have a hard time seeing the long-term value of print media,” Meyer Shields, an analyst at Stifel Nicolaus & Co. who covers Berkshire, wrote in an e-mail.“There may be one ‘puff’
left, but to me, newspapers are the antithesis” of companies with a competitive advantage.

For Related News and Information:
News about mergers: NI MNA BN <GO>
Berkshire balance sheet: BRK/A US <Equity> FA BS <GO> Media General capital structure: MEG US <Equity> CAST <GO>

--With assistance from Edmund Lee in New York. Editors: Steven Crabill, Dan Kraut

To contact the reporter on this story:
Zachary Tracer in New York at +1-212-617-1673 or ztracer1@bloomberg.net

To contact the editor responsible for this story:
Dan Kraut at +1-212-617-2432 or
dkraut2@bloomberg.net
By Hoppel