"Â YOUGOV (LSE:YOU)Our little diatribe regarding 2017 being "The Year The FTSE Did Nothing" struck a chord with a few folks.Last year it witnessed 1,700 range, in 2015 there were 1,400 points, in 2014 a sad 900 points were on display, virtually the ..."
" YOUGOV (LSE:YOU) Our little diatribe regarding 2017 being "The Year The FTSE Did Nothing" struck a chord with a few folks. Last year it witnessed 1,700 range, in 2015 there were 1,400 points, in 2014 a sad 900 points were on display, ..."
Don't know if you're familiar with Paul Scott who does a daily small cap blog on Stockopedia, but he did quite a detailed trawl through the YOU accounts last October when the shares were at about 225p. Basic view is that the adjustments to the profit figures are crazy and that the shares are an accident waiting to happen when the market twigs. Here is the concluding paragraph to his analysis:-
the reality is that this is a modestly profitable collection of businesses, which generated a pre-exceptional operating profit of £4.3m in the year (up usefully from £2.9m in the prior year).
The company then uses accounting sleight of hand to present adjusted profit figures which are much higher, but totally bogus.
This has resulted in the share price roaring to a greatly inflated level, where the PER on statutory EPS is a ludicrous 68.2 times. There is no justification for a rating anywhere near that high.
Therefore this share looks to me like an accident waiting to happen, when investors finally realise that they've been duped by creative accounting. More fool them - the numbers are not difficult to interpret.
This company's accounts really highlight the big danger of relying on adjusted accounts. Sometimes the adjustments are fair & reasonable. However, in this case the adjustments are clearly ridiculous, and I see this share as an accident just waiting to happen. The foundations for the current valuation are extremely weak in my view. Caveat emptor!
"One key area where smaller companies have produced outstanding returns is the technology sector. Nevertheless, past tech bubbles serve to remind us that hype and inflated expectations in the sector can easily blow realism out of the water, ..."
"FTSE (again) and YouGov (LSE:YOU)Starting the week with a grump about our marketing abilities was to produce a comprehensive example of why we despise politicians. And, also, a pretty good example of our work.We'd spent time calculating ..."
" FTSE (again) & YouGov (LSE:YOU) Starting the week with a grump about our marketing abilities was to produce a comprehensive example of why we despise politicians and also, a pretty good example of our work. We'd spent time calculating ..."
" It seems a day doesn't go by without LSE:YOU:YouGov appearing on the front pages of national newspapers and we were curious as to how their share price is managing.We last viewed the company just over a year ago when the price was trading around ..."
"YOUGOV (LSE:YOU).Â It seems a day doesn't go by without YouGov appearing on the front pages of National Newspapers and we were curious as to how their share price is managing. We last viewed the company just over a year ago (link here) ..."
"Monday 21 MarchAfter a pre-close update confirmed trading was in line with expectations back in January, market research firm LSE:YOU:YouGov will release its interim results Monday.Management highlighted that its Data Products and Services ..."
"Monday 12 OctoberKicking off the week with its results for the year ended July is pollster LSE:YOU:YouGov. In August's trading update, the company suggested that strong revenue momentum continued into the second half of the year, which should ..."
"YOUGOV (LSE:YOU)Â was a surprise to come across as it hadn't occurred a Polliing Company would be listed on the FTSE as a member of the Media Sector. Aside from roughly 99.9% of people surveyed have not bothering to talk about them in ..."
"Pollster LSE:YOU:YouGov has had a difficult summer, certainly in terms of the share price which has slumped by more than a fifth since the spring. There seems, however, little in the numbers to justify such pessimism and earnings are tipped to ..."
YouGov showed the benefits of its investment in real-time research products and social media tools, posting an 8 per cent increase in revenues to £62.6m when it delivered its annual results this week, writes Robert Cookson .
The market research company, best known in the UK for its political polls, demonstrated strong progress in shifting towards higher-margin data products and services. Earnings per share, adjusted to exclude exceptional items, were up 14 per cent to 5.6p. The dividend for the year was raised 20 per cent to 0.6p.
Revenues from data products and services rose 17 per cent over the year and now account for almost a quarter of group sales. In the UK, strong growth in data products helped push adjusted operating profit margins up 200 basis points to 26 per cent.
YouGov shares rose 10 per cent over the week to close at 76.75p.
Canaccord Genuity reiterated its "buy" rating for YouGov (YOU), the market research agency, with a 60p target price. The broker notes that the group posted in-line with consensus expectations interims with a 27% increase in revenues to 27 million pounds and a 57% jump in adjusted EBITDA to 2.2 million pounds. This, Canaccord said, suggests the group remains on track to make "significant progress" in the current financial year as part of an "ongoing turnaround trajectory." Shares in YouGov pushed up 0.5p to 53p.
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