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blacksheep
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Another stock that has received considerable attention from short sellers - it currently sits 10th on the Shortman Top 100 most shorted stocks with around 11%, having pulled back from over 13% recently when Deutsche Bank upgraded ISD to a BUY and a target of $2.25 -oops!!!

 

Updated FY2017 Earnings Guidance out today not well received, particularly the impairment charge of $37.8m in FY17 for its King Content. Looks like another win for the shorts. Sp currently down 20.16% to $1.77

 

Revisions to earnings guidance

 

IsentiaÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s businesses for FY17 are expected to report as follows:

 

ï‚· The Media Intelligence (SaaS/VAS) business is expected to report revenue of $141

million, an increase of 4% YoY. ANZ is expected to report a revenue increase of 1%

and in Asia, a revenue increase of 16%. Media Intelligence (SaaS/VAS) EBITDA

(including corporate overhead) is expected to be $46 million, a 3% decline YoY.

ï‚· Content Marketing is expected to report revenue of $14.2 million (down 30% YoY)

and an EBITDA loss of $4.4 million compared with an EBITDA profit of $3.6m in FY16.

IsentiaÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s previous guidance was provided to the market on 3 May 2017. The revised

expectations are the result of the following factors:

 

ï‚· $0.5 million impact from bad debt clean-up in Asia

ï‚· $0.3 million currency translation impact on Asia earnings

ï‚· $1.4 million increase in expected operating losses from Content Marketing

ï‚· Delays in the deployment of Mediaportal in Korea and price increases in ANZ,

impacting Q4 revenue

ï‚· Isentia launched a VAS sales campaign which drove strong billing momentum but

did not benefit Q4 revenue as expected

ï‚· Cost management initiatives partially offset the EBITDA impact of the Q4 revenue

shortfall.

 

King Content Impairment and Rebranding

 

As a result of the financial performance of King Content during FY17, the Board has decided

to fully write down the value of the business. This is expected to result in an impairment

charge of $37.8m in FY17. The impairment is non-cash and does not impact on banking

covenants.

 

The King Content brand is being discontinued and its operations fully integrated into Isentia

under the Isentia brand. We have closed the King Content New York and Hong Kong offices

and will continue to service our US clients out of the UK and our Hong Kong clients out of

Singapore. We have further cut the ongoing headcount in the content marketing business.

 

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  • 2 months later...

Massive drop in SP this morning - down 38% sitting at $1.10/share currently - following release of it's Business and FY18 trading update. Is the sell down overdone, that is the question? Certainly has come a long way down from a once high of $4.50 odd/share

 

Short positions had actually been declining - slipping from #11 position (as per previous post) to #29 with 6.89% currently

 

29 ISD ISENTIA GROUP LTD ORDINARY 6.89%

https://www.shortman.com.au/top

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  • 1 month later...

Activists lurk in shadows on Isentia register

Things may soon come to a head at embattled media monitoring and technology company Isentia, which is in the sights of US-based activists.

 

The firm has been quietly ratcheting up its stake in Isentia and now accounts for about 8.7 per cent of the register.

 

Read more: http://www.afr.com/street-talk#ixzz51fkoe03e

 

SP up 8% @ $1.405 currently

https://www.shortman.com.au/stock?q=isd

 

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  • 3 years later...

Struggling media monitoring firm Isentia will be acquired by UK based technology and software company Access Intelligence and shareholders will receive $0.175 per share in cash.

 

Subject to shareholder approval, the deal will create a global media monitoring business, that will benefit from greater scale, a diverse and competitive product offering and greater geographic reach, a statement issued to the Australian Securities Exchange on Tuesday morning said.

 

The deal has an enterprise value of $67 million based on a $35 million equity value and a $32 million net debt balance as of May 31. Isentia’s market capitalisation is currently $13.6 million and its shares, which closed at $0.07 on Friday, were up 142 per cent at $0.16 at midday on Tuesday.

 

 

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  • 2 months later...
On 02 September, 2021, iSentia Group Limited (ISD) was removed from the ASX Official List in accordance with Listing Rule 17.11, following implementation of the scheme of arrangement between ISD and its shareholders in connection with the acquisition of all the issued capital in ISD by Access Intelligence plc.
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