Rambler fell to a minimum
After a fairly significant increase in late 2006 - early 2007, Rambler Media shares fell to a minimum within two months. At the beginning of May, the quotes reached a maximum level of 55 pounds, but by June 8 they had fallen to a minimum of £ 41.04, and by today they have grown a little to £ 42.38.
Experts explain the collapse of the shares extremely negative financial results of the company, which were announced on June 7 ( PDF ). As you can see on the graph, that day there was a massive discharge, like a panic (more than 300,000 shares were dropped in two days). Now, two weeks after the publication of the report, market activity is close to zero.
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Financial analysts cite specific financial indicators for which Rambler is significantly inferior to Yandex and Mail.ru. At the same time, they are confident that Rambler will grow in the short term.
In 2006, Rambler Media for the first time became a plus in the first half of the year. At first glance, the financial results look good. The revenue in 2006 increased by 64.5% to $ 30.6 million, EBITDA - by 10% to $ 1.62 million. Nevertheless, the profitability of the “Rambler” is the lowest among the major Russian Internet companies. At the end of the year, net loss was $ 3 million.
As reported by Vedomosti with reference to ING analysts, the low EBITDA margin of the Rambler Internet division, which has decreased from 25.2% in 2005 to 14.1% in the past, is the most worrying. Analysts doubt that the matter is in the growth of Moscow salaries and marketing expenses, to which the management refers. The holding's competitors had an EBITDA margin higher in 2006 - at Yandex it was slightly less than 60%, at RBC - about 53%, at Mamba - 47%, and at Mail.ru - 32%.
Independent analysts are unanimous in saying that the shares of Rambler have reached their peak and will certainly grow in the near future. According to ING, the fair price of Rambler Media shares at the end of the year is £ 45.3. Aton analysts believe that it is even more - £ 51.4.
Experts explain the collapse of the shares extremely negative financial results of the company, which were announced on June 7 ( PDF ). As you can see on the graph, that day there was a massive discharge, like a panic (more than 300,000 shares were dropped in two days). Now, two weeks after the publication of the report, market activity is close to zero.
')
Financial analysts cite specific financial indicators for which Rambler is significantly inferior to Yandex and Mail.ru. At the same time, they are confident that Rambler will grow in the short term.
In 2006, Rambler Media for the first time became a plus in the first half of the year. At first glance, the financial results look good. The revenue in 2006 increased by 64.5% to $ 30.6 million, EBITDA - by 10% to $ 1.62 million. Nevertheless, the profitability of the “Rambler” is the lowest among the major Russian Internet companies. At the end of the year, net loss was $ 3 million.
As reported by Vedomosti with reference to ING analysts, the low EBITDA margin of the Rambler Internet division, which has decreased from 25.2% in 2005 to 14.1% in the past, is the most worrying. Analysts doubt that the matter is in the growth of Moscow salaries and marketing expenses, to which the management refers. The holding's competitors had an EBITDA margin higher in 2006 - at Yandex it was slightly less than 60%, at RBC - about 53%, at Mamba - 47%, and at Mail.ru - 32%.
Independent analysts are unanimous in saying that the shares of Rambler have reached their peak and will certainly grow in the near future. According to ING, the fair price of Rambler Media shares at the end of the year is £ 45.3. Aton analysts believe that it is even more - £ 51.4.
Source: https://habr.com/ru/post/11022/
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