|Bid||0.00 x 2000000|
|Ask||0.00 x 5000000|
|Day's range||0.08 - 0.08|
|52-week range||0.08 - 13.55|
|PE ratio (TTM)||8.89|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Ireland (Other OTC: IRLD - news) 's corporate watchdog intends to apply to the High Court to appoint inspectors to investigate Independent News & Media (LSE: INM.L - news) (INM), Ireland's largest newspaper group said on Saturday (Shenzhen: 002291.SZ - news) . Ireland's Office of the Director of Corporate Enforcement (ODCE) began an investigation into INM following a clash between the company's then chief executive and chairman in 2016 over the terms of a possible acquisition of Irish radio station Newstalk. Newstalk's parent group Communicorp is owned by Irish billionaire Denis O'Brien, INM's largest shareholder with a stake of 29.9 percent.
Independent News & Media (LSE: INM.L - news) shares fell by as much as 21 percent on Wednesday after Ireland (Other OTC: IRLD - news) 's largest newspaper group warned on its full year profit expectations. The owner of Ireland's highest selling daily and Sunday newspapers cited a decline in circulation, readership and advertising revenues, lower than expected growth in digital revenues, ongoing uncertainty arising from Brexit and increased costs arising from legacy libel awards for the profit warning. INM said it therefore expected its full year profit before tax would be below market consensus.